Ethereum Classic spikes 25 percent on Coinbase listing news

Altcoins Coinbase Unexpectedly Announces Ethereum Classic Support Volume Surges nickchong

It seems that coinbase may have made this early announcement of their intention to list ETC in the coming months to avoid any kind of speculation of inside trading which marred their integration of Bitcoin Cash last December when it's price hit a high of $8,500 on Coinbase and its GDAX service compared to its trading price of $3,500 on other exchanges.

Currently, Coinbase supports bitcoin, litecoin, bitcoin cash, and ethereum.

Price of an Ethereum Classic crypto-coin rallied by around 25 percent on the back of a news of its listing on popular cryptocurrency exchange Coinbase. As it stands though, we have no specific timeline for these additions, instead, Coinbase will be concentrating on Ethereum Classic as a lone project for the time being. We will keep our eyes on the prices and see how this news affects the price of the Cryptocurrency in the coming days. Additionally, Coinbase has credited everyone who had Ethereum balance during the hard fork in 2016 and did not withdraw. "You people just don't learn...."

Ethereum Classic was created as the result of a hard fork in ethereum following a June 2016 hack in a smart complex system called the Decentralized Autonomous Organization.


Ethereum Classic, is in its part, a controversial coin as well. Data from CoinMarketCap shows that the price of Ethereum classic starting moving north immediately after the announcement.

Whilst it is not conclusive that this will happen, given the right climate and a well timed launch for the listing on Coinbase, we could see Ethereum Classic move back up to its all time height of $45.00, above all, it's a very exciting time indeed for both Coinbase and the Ethereum Classic project. It is now the only currency with a double-digit gain in the top 50 or nearly the entire market. ETC books will open in post-only for a minimum of one hour.

"Ethereum Classic $ETC up 25% following @coinbase announcement". Ranking at the 16th position, BNB is now trading at $16.03 with a market cap of $1.82 billion. The team of ETC has also come up with a roadmap.

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