Why Is Ethereum Classic (ETC) Surging Today? benzinga.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from benzinga.com Daily Mail and Mail on Sunday newspapers.
Dogecoin (DOGE) to ETH, which he called “insane.”
The money flow from $DOGE to $ETH right now has to be insane.
DOGE pumps bring $ into the crypto ecosystem and it ain t leavin
DOGE traded 2.96% lower at $0.52 at press time. The meme cryptocurrency fell by as much as 30% hours after
Tesla Inc (NASDAQ:TSLA) CEO Elon Musk’s appearance on “Saturday Night Live” where he mentioned the coin several times.
Digital investment company Magnetic’s co-founder Megan Kaspar who predicted a previous spike of ETH to the mid $3,000 level has upped her price target.
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Kaspar now predicts ETH will now move to the $8,000 to $10,000 price range by the year-end, reported Yahoo Finance.
ETC reached an all-time high of $176.16 on Thursday and has declined 24.75% from those levels.
Why It Matters: Ethereum Classic emerged as a result of a hard fork of the
Ethereum (ETH) blockchain in 2016. Bitcoin Diamond is a fork of
Bitcoin (BTC) that took place in 2017.
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ETH traded 0.98% lower at $3,456.75 at press time, while BTC traded 1.3% lower at $56,292.17 at press time.
ETC’s year-to-date gains have outpaced those of both BTC and ETH and it has captured the attention of social media investors.
Synergia Capital’s head of research, Denis Vinokourov, said the appreciation in ETC “appears to be dominated by ‘cheaper’ Ethereum play and retail flow that has pushed DOGE to sky-high levels,” according to CoinDesk.
ETC reached an all-time high of $176.16 on Thursday and has declined 24.75% from those levels.
Why It Matters: Ethereum Classic emerged as a result of a hard fork of the
Ethereum (ETH) blockchain in 2016. Bitcoin Diamond is a fork of
Bitcoin (BTC) that took place in 2017.
See Also:
ETH traded 0.98% lower at $3,456.75 at press time, while BTC traded 1.3% lower at $56,292.17 at press time.
ETC’s year-to-date gains have outpaced those of both BTC and ETH and it has captured the attention of social media investors.
Synergia Capital’s head of research, Denis Vinokourov, said the appreciation in ETC “appears to be dominated by ‘cheaper’ Ethereum play and retail flow that has pushed DOGE to sky-high levels,” according to CoinDesk.