Ethereum Classic (ETC), currently the 21st largest cryptocurrency by market capitalization, has seen a significant increase following the announcement of the Bitcoin ETF. The value of ETC has soared above $31, reaching a yearly high of $31.99, which represents a remarkable gain of over 40%.
The trading volume has also seen a dramatic increase, with a 400% spike indicating a growing interest from major traders. Despite this significant rise, the sentiment around $ETC remains neutral for now. The trading volume has reached an unprecedented level, exceeding 1.23 billion, a figure not seen since September 13, 2022. The 24-hour trading volume for the token has jumped to $3.1 billion, highlighting the increased activity and attention Ethereum Classic is receiving.
Adding to the excitement is an upcoming update scheduled for January 31st, which is creating a buzz around the Ethereum Classic network. The release of the Spiral Ethereum Classic update is set for block 19,250,000 on January 31, 2024. This upcoming hard fork is expected to bring significant improvements to the Ethereum Classic network.
The Spiral Ethereum Classic Hard Fork is in line with the tradition of compatibility updates, including technical changes to various OPCODEs relevant to the network. Seen as a crucial step, the Spiral Upgrade aims to align the ETC Network with upstream EVM standards, simplifying contract development and migration processes.
As Ethereum Classic continues to make an impact in the crypto world, the forthcoming hard fork and its associated enhancements have the potential to further boost its status and influence in the wider blockchain landscape. Investors and enthusiasts are eagerly awaiting developments as Ethereum Classic approaches this critical point in its journey.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.
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Image Source: ra2studio/ 123RF // Image Effects by Colorcinch
This News Article was automatically generated by Bob the Bot (AI)
| Information | Details |
|---|---|
| Geography | Global |
| Countries | |
| Sentiment | positive |
| Relevance Score | 1 |
| People | None |
| Companies | Bitcoin ETF, ETC Network, nulltxnews, Colorcinch, Ethereum Classic, 123RF |
| Currencies | Ethereum, Bitcoin |
| Securities | None |
