Ethereum Classic (ETC) Skyrockets, Outperforming Monero (XMR) And Tron (TRX)
Ethereum Classic (ETC), commonly dubbed as the “Original Ehtereum,” is one of the big players in the cryptocurrencies market, recording continuous growth over the time. Even more, recently, Coinbase announced that it would add ETC today, August 7th, while Robinhood crypto trading platform already listed Ethereum Classic (ETC) recently. All these excellent news helped ETC skyrocket, outperforming Monero (XMR) and Tron (TRX).
Ethereum Classic (ETC) skyrockets and outperforms Monero (XMR) and Tron (TRX)
According to the data on CoinMarketCap, at the time of this article, Ethereum Classic (ETC) trades at $18.68, surging by about 8% in the last 24 hours. Also, the ETC is now the 11th crypto in the market, surpassing both Monero (XMR) and Tron (TRX) regarding market capitalization.
With a market cap of about $2 billion, Ethereum Classic (ETC) skyrockets in the today’s cryptocurrencies market, while the other significant cryptos are trading negative, except for Bitcoin Cash (BCH) and EOS (EOS).
Ethereum Classic (ETC) is on Robinhood crypto trading platform and is waiting for the Coinbase listing
Just recently, ETC got listed on Robinhood crypto trading app, becoming the sixth digital asset on this platform. Even more, Coinbase, the popular US-based cryptocurrency exchange platform, announced recently that they plan on listing Ethereum Classic (ETC) today, August 7th.
The “Original Ethereum, as the ETC crypto is also known as, is surrounded by excellent news lately, and this fact made investors and traders turn to the Ethereum Classic (ETC), surging its price, as well as its market cap.
The ETC surge also generated a big buzz among the cryptocurrency enthusiasts, in general, and the ETC community, in special. Many Ethereum Classic (ETC) holders and supporters enjoy the uptrend their favorite crypto is following these days.
On the other hand, Monero (XMR), which is currently the 13th in the market, and Tron (TRX), which has been oscillating between the 10th and 11th place in the market, found in ETC another fierce competitor. Furthermore, some cryptocurrencies market analysts predict that Ethereum Classic (ETC) would continue to grow and might very well surpass IOTA (MIOTA) regarding the market cap.
CoinMarketCap is a website that provides cryptocurrency market cap rankings, charts, and more. It was purchased by Binance for $400M in 2020.
Coinbase is a digital currency exchange headquartered in San Francisco, California.
Andreas Townsend Author
I am a technical writer, author and blogger since 2005. An industry watcher that stays on top of the latest features, extremely passionate about finance news and everything related to crypto.