Ethereum and Ethereum Classic Experiences Significant Surge in Price

Is crypto big enough for two “Ethereums”? Recent developments suggest so. During the last day, both Ethereum Classic and Ethereum have been growing in value, which suggests that there may be a place for both projects in the cryptocurrency scene.

Ethereum Classic has grown over 24% today, while Ethereum has come down to the 0.02096 mark after growing over 11% during the last day and both with above average volume, with Ethereum having over 38k btc worth of trades in the last 24 hours .

As we put the DAO hack behind us, both cryptocurrencies are moving forward in different directions and the controversy seems to have faded away.

Ethereum Classic has recently released a new website, which details the complete story behind the hard-fork split, and provides resources for newcomers (miners, users, and developers). The ETC team has also announced, via this brand new website, in which they revealed that CHBTC, one of the largest cryptocurrency exchanges in China, has announced a series of donations to the ETC project, which will be applied to accelerate the introduction of solutions to Ice Age situation, that will require a hard-fork to be implemented either to move to PoS or to remove this feature (or to set back the clock on the difficulty bomb).

Ethereum itself has been chosen to be among the 6 accepted cryptocurrencies in the Apple AppStore, along with Bitcoin, Litecoin, Doge and The DAO.

Related Post

This news comes after Jaxx received a request by Apple to remove Dash from its cryptocurrency wallet. Why The DAO has been chosen to be part of this list is a complete mystery, since it holds no practical functions and has been the biggest hack in the history of the blockchain. The information was disclosed by Anthony Di Lorio, founder of Decentral (the makers of Jaxx wallet):

Vitalik Buterin reacted:

Eduardo Gómez

Eduardo Gómez is a Computer Science Major from Venezuela, a country with a loyal Bitcoin user base. He discovered Bitcoin in 2012 and now he use it to escape the triple-digit inflation that Venezuela suffers, he is focusing on developing a writing career, and he tries to keep up with the news in FinTech and Blockchain Technologies.

Share
Published by
Eduardo Gómez

Recent Posts

TRON Leads All Blockchains in November Fees as Perpetuals Trading Surges 271%

TRON ended November as the top blockchain by fees, extending its dominance in payment infrastructure…

23 hours ago

Prediction Markets Hit New All-Time Highs as November Volume Surges to $14.3B

Prediction markets just locked in another breakout month. November closed with $14.3 billion in total…

23 hours ago

Trust Wallet Launches Native Predictions: A New Era for On-Chain Betting

Trust Wallet is stepping into a completely new lane. The CZ-owned self-custody wallet has launched…

2 days ago

Kraken Acquires Backed to Supercharge Tokenized Equities as xStocks Enters Its Next Phase

Kraken has announced the acquisition of Backed, the tokenization platform behind some of the fastest-growing…

2 days ago

Sui Pauses & AVAX Rebounds While Zero Knowledge Proof’s 200M Daily Presale Auction Goes Live, Sparking Massive Buyer Rush

Sui Pauses & AVAX Rebounds While Zero Knowledge Proof’s 200M Daily Presale Auction Goes Live,…

3 days ago

Europe Takes Down Cryptomixer: A $1.4B Bitcoin Laundering Machine Falls After Eight Years

Europe just shut down one of crypto’s longest-running shadows. Germany and Switzerland, backed by Europol,…

3 days ago