Ethereum Classic ETC/USD shot up nearly 17.3% to $31.67 over 24 hours leading up to early Thursday morning.
ETC rose alongside other major coins as the global cryptocurrency market cap rose 5.1% to $1.8 trillion.
|Time-frame||% Change (+/-)|
|24-hour against Bitcoin BTC/USD||12.5%|
|24-hour against Ethereum ETH/USD||11.6%|
See Also: Best USDC Interest Rates
The Ethereum Classic Factors
- ETC was seen trending on Stocktwits at press time, suggesting popularity with retail investors.
- The 24-hour ETC trading volume rose 95.7% to $696.57 million, according to data from CoinMarketCap.
- Coinglass data showed that $2.82 million worth of ETC futures were liquidated in the preceding 24 hours as the coin spiked.
- Ethereum Classic hashrate declined 3.32% to 24.902 Thash/s, according to data from BitInforCharts.com.
Cheaper Ethereum Play
Ethereum Classic, which inherited the original Ethereum blockchain after a hard fork in 2016, has been known to spike in tandem with Ethereum as it is seen as a cheaper play. At press time, Ethereum was up 5.1% over 24 hours.
ETC Domain Buzz
HebeSwap, a decentralized exchange on ETC, said that a large number of Ethereum Classic domains have been claimed.
— HebeSwap (@BlockHebe) May 3, 2022
USDT On ETC
In a separate tweet, HebeSwap said that its developers are building a bridge from BSC-BUSD to ETC-USDT.
Our developers are building a bridge from #BSC-BUSD to #ETC-USDT. That means that soon you eill be able to have #USDT on ETC.😃 It should be noted that this is the online exchange bridge of #HEBE team and not real-time.#EthereumClassic #ETCArmy $ETC $HEBE pic.twitter.com/QZZs66GVDV
— HebeSwap (@BlockHebe) May 4, 2022
Photo: Courtesy of ETC on Flickr