• Latest
  • Trending
Ethereum Classic Rose 220% This Week, but Why? – Markets and Prices Bitcoin News

Ethereum Classic Rose 220% This Week, but Why? – Markets and Prices Bitcoin News

May 8, 2021
Bitcoin Price Today Rises Near $48,000; Ether, Cardano Slightly Up, Know Crypto Rates

Bitcoin Price Today Rises Near $48,000; Ether, Cardano Slightly Up, Know Crypto Rates

January 5, 2022
BitYard Integrates 80+ Chainlink Price Feeds for Enhanced Price Accuracy and Stability – Press release Bitcoin News

BitYard Integrates 80+ Chainlink Price Feeds for Enhanced Price Accuracy and Stability – Press release Bitcoin News

December 20, 2021
Here’s what global CEO’s think about cryptocurrency

Millennial millionaires plan to make more cryptocurrency investments in 2022: Survey

December 20, 2021
Tesla Motors, Inc. (NASDAQ:TSLA), Dogecoin – United States Dollar (CRYPTO:$DOGE) – Elon Musk Says This Is How Much He Would Pay In Taxes This Year

Tesla Motors, Inc. (NASDAQ:TSLA), Dogecoin – United States Dollar (CRYPTO:$DOGE) – Elon Musk Says This Is How Much He Would Pay In Taxes This Year

December 20, 2021
Former Argentina President Calls Ethereum Most Innovative Technology

Former Argentina President Calls Ethereum Most Innovative Technology

December 20, 2021
DeFi protocol Grim Finance lost $30M in 5x reentrancy hack

DeFi protocol Grim Finance lost $30M in 5x reentrancy hack

December 20, 2021
Need to Explain #Litecoin at #Thanksgiving? – Latest Tweet by Litecoin

@LinkSemper – Latest Tweet by Litecoin

December 20, 2021
BREAKOUT COMNG SOON! – RIPPLE XRP PRICE PREDICTION! – RIPPLE XRP 2021 – RIPPLE ANALYSIS

BREAKOUT COMNG SOON! – RIPPLE XRP PRICE PREDICTION! – RIPPLE XRP 2021 – RIPPLE ANALYSIS

December 20, 2021
An LTC Move Back to $150 Should Support ETH and XRP

An LTC Move Back to $150 Should Support ETH and XRP

December 20, 2021
Avalanche eyes 60% rally as AVAX price breaks out of bull flag

Avalanche eyes 60% rally as AVAX price breaks out of bull flag

December 20, 2021
Travel Co Travala.com Accepts Bitcoin Payments

Travel Co Travala.com Accepts Bitcoin Payments

December 20, 2021
Puerto Rico plans to combat corruption with blockchain

Puerto Rico plans to combat corruption with blockchain

December 20, 2021
Whales Control 94% of All ADA Supply | Only 10% of Wealthiest Cardano Addresses

Whales Control 94% of All ADA Supply | Only 10% of Wealthiest Cardano Addresses

December 20, 2021
Breaking down Resistance at $48,500 Remains Key for the Bitcoin (BTC) Bulls

Breaking down Resistance at $48,500 Remains Key for the Bitcoin (BTC) Bulls

December 20, 2021
City employees could see cryptocurrency payroll conversion options next year, first in nation

City employees could see cryptocurrency payroll conversion options next year, first in nation

December 20, 2021
Sunday, July 3, 2022
The Crypto Dirt
  • Home
  • Cryptocurrency
  • Blockchain
  • DeFi
  • NFT
  • Bitcoin
  • Ethereum
  • Altcoins
    • Cardano
    • XRP
    • Litecoin
    • Chainlink
  • Shit Coins
    • Dogecoin
  • Exchanges
No Result
View All Result
No Result
View All Result

Ethereum Classic Rose 220% This Week, but Why? – Markets and Prices Bitcoin News

by TheCryptoDirt.com
May 8, 2021
in Ethereum
0

[ad_1]

Ethereum Classic Rose 220% This Week, but Why?

Ethereum Basic, a seemingly forgotten cryptocurrency, reached the eye of many this week when its value skyrocketed out of the blue, however there may be some causes behind it. Additionally, Bitcoin Money and different Bitcoin-based forks loved a wholesome week within the inexperienced, alongside Dogecoin, whose value boosted on the information of Elon Musk showing on SNL, the well-known comedy sitcom, on Might eighth.

Ethereum Basic Soared This Week

Ethereum Basic, the sibling fork of Ethereum, loved a value revival this week when its value soared greater than 200% to turn out to be the cryptocurrency that led the way in which of the bull market. Ethereum classic (ETC) began the week with a value of $36, and slowly crawled its means as much as $160 on Thursday, to then expertise a correction that took it to $118 on the time of writing this text. However what had been the explanations that led to it?

Ethereum Basic has not been the trustiest cryptocurrency on the market. Simply over the past 12 months, it suffered several 51% assaults that compromised its reliability, rolling again the chain hundreds of blocks attributable to its falling hash charge at the moment. This affected the standing of the foreign money, and now exchanges are asking for hundreds of confirmations to only acknowledge a deposit. For instance, Kraken customers should wait nearly per week (40k confirmations) for a deposit to be efficient.

So it will appear contradictory it’s now having fun with this resurgence. Nonetheless, this may be the consequence of the actions of its huge brother Ethereum. Ethereum has been planning to alter its consensus algorithm to proof of stake for a while, and the change appears to be even closer now. Nonetheless, the large mass of miners that are actually securing the Ethereum community must migrate to different chains to outlive, and the market may be anticipating this transfer betting on Ethereum Basic for the longer term.

Dogecoin and Bitcoin Money Additionally Rose

Dogecoin additionally continued its push to at least one greenback this week, impulse by its defacto forefather, Elon Musk, who has been one of many nice promoters of the meme coin. Dogecoin rose by 124% this week, reaching $0.71 per unit, and experiencing a giant pump as a result of expectative of Musk internet hosting an episode of Saturday Night time Stay. Followers of the cryptocurrency, that has reached mainstream recognition from influencers and other people not usually related to the cryptocurrency world, count on it to pump after it will get referred by Musk on the comedy present to thousands and thousands of viewers.

Bitcoin Money was one of many highlights of the week as properly, increasing its value by greater than 50%. Bitcoin Money’s value obtained to over $1,500 and corrected to complete the week with round $1,350. Bitcoin money is only a week away from an upgrade that may deliver some enhancements to the blockchain. The improve introduces a brand new replace schedule designed to deliver again belief and predictability after two contentious arduous forks which have affected the picture of the foreign money. Different Bitcoin community forks like bitcoin gold (BTG) and bitcoin diamond (BCD), and bitcoinsv (BSV) additionally obtained necessary positive factors.

What do you consider this value weekly roundup? Inform us within the feedback part beneath.

Picture Credit: Shutterstock, Pixabay, Wiki Commons



[ad_2]

Source link

YOU MAY ALSO LIKE

Former Argentina President Calls Ethereum Most Innovative Technology

Rarible integrates with Tezos blockchain and launches own NFT collection

Tags: BitcoinClassicEthereumMarketsNewspricesRoseweek
ShareTweetShare

Search

No Result
View All Result
  • Privacy & Policy
  • About Us

© 2021 The Crypto Dirt  

No Result
View All Result
  • About Us
  • About Us
  • Attribution
  • Contact
  • Contact Us
  • Exchanges
  • Home
  • NFT
  • Privacy & Policy
  • Shit Coins

© 2021 The Crypto Dirt