The Rise of Ethereum Classic – ETC – Coinbase, PeaceRelay, Binance & Ethereum Classic Labs

The Crypto Industry Journal @KatarinaCrypto

 

As of this writing, the total crypto market cap is nearly $200 billion down from where it was less than 6 weeks ago and traders speculate that ETC (ethereum classic) is being added by Coinbase because it’s a safer bet than the previously announced ERC20 tokens and because of the upcoming ETH/ETC PeaceRelay which will inter-connect the two blockchains.

Coinbase’s intention is not to sell ETC directly just yet, but to make ETC available for trading to institutional investors, observe the liquidity and then decide whether to sell ETC alongside BTC, BCH, ETH and LTC on Coinbase.

The announcement caused a slight spike in the price of ETC but being valued at only $15, it’s still $30 below its ATH.

At the same time, Binance added ETC/BNB and ETC/USDT trading pairs and the Ethereum Classic Labs, a well funded, world class ETC-based blockchain startup incubator, was launched.

No one knows

Based purely on these developments, ETC can be expected to climb the ladder this year, from the 18th place up to the top 10. This could lead to a market cap of a couple billion and a price range of $30-$60 per coin.

Additionally, there are those who still expect the overall market to recover this coming summer/fall season and more so toward the end of the year, which could, technically, double or triple crypto prices in general.

Of course, let’s remember that this is all hypothetical because, as they say in crypto, ‘no one knows’.

 


Enjoying my content? 🍀 Send me a micro tip with GoSeedit.io and Twitter @KatarinaCrypto 🎁 Tron (TRX) & Beatzcoin (BTZC) 📈 #microtipping 🍔 🍕 🍰 ☕


NEED AN ARTICLE OR PRESS RELEASE FOR YOUR ICO OR CRYPTOCURRENCY? A PLACE TO SUBMIT A PRESS RELEASE? PROOFREADING AND EDITING? REWRITING? INFOGRAPHICS AND SOCIAL IMAGES? LET’S TALK!

Crypto Content Services | The Crypto Industry Journal @KatarinaCrypto
https://www.katarinanolte.com/crypto-content-services/

 
Crypto Whales – The Most Influential People In The Cryptoverse   Everyone has heard stories of high school kids who became millionaires mining, collecting and trading cryptocurrencies. Their coins mooned. They became rich. They bought their lambos. As ...
DIY Cryptocurrency Investment and Portfolio Management Platform – Makeafolio – MAF – New ICO   Let's face it. Crypto trading is time consuming. You have to sign up with a bunch of exchanges, figure out which cryptos to buy, when to buy and when to sell each of those cryptos, all the...
Automated AI Day Trading on the Blockchain – OpenBlock – OBI – OBC – New ICO   It is not uncommon for day traders and scalpers to become nervous wrecks who suffer from nightmares and trading blues. Many of them hope to find the perfect tool that can take the weight o...
Katarina Nolte on EmailKatarina Nolte on LinkedinKatarina Nolte on RssKatarina Nolte on Twitter
Katarina Nolte
Katarina Nolte

» Content contributor at VibraVid.io and MarketBarker.com
» BountyOx bounty hunter (content, infographics, Twitter, Reddit, and Linkedin)
» Crypto & ICO marketing content freelancer at The Crypto Industry Journal @KatarinaCrypto - Crypto Content Services
» Author of "So Long Constipation, Part 1", "100 Steps to a Lean Body", "The Natural Path to Hormonal Wellness, Part 1", "49 Gluten-free Recipes", "50 Gluten-free Recipes" and "51 Gluten-free Recipes" at Amazon.com