Ethereum Classic (ETC), a cryptocurrency which currently takes 11th place in top coins list ranked by market capitalisation was moving in a positive direction during last 7 days, rising by almost 40%. At the moment of press, the coin has a market capitalisation of $1,3 billion and is traded at $14 price, although the beginning of week was marked by not very high price of less than $10.
Ethereum Classic Charts
Ethereum Classic faced some ups and downs during past several month, for instance in July 2017 it marked an all-time-high of about $23 and jumped by 25% in the end of August, nevertheless September was not so successful for the currency as its price fell down to $10.
The recent growth of the coin might be connected to the upcoming Ethereum Classic Summit which is due to occur on November 13 and 14 of 2017 in Hong Kong where a huge amount of ETC developers, stakeholders and partners will appear.
In October, a multi-currency wallet Exodus added Ethereum Classic support in its new version. Moreover, November 2 was marked by the announcement of a new version of Emerald Wallet, which is a major project designed to enable building of decentralized apps on Ethereum Classic blockchain without reinventing the whole architecture.
Also, at the same day, some security improvements were claimed to be made via Ethereum Commonwealth development update.
— Ethereum Classic (@eth_classic) 2 ноября 2017 г.
What might have also influenced the ETC price jump, is that OKEx, a popular Chinese exhange, announced the launch of ETH and ETC Futures on November 6.
What is more, the announcement that ETC has not been affected by the recent Parity multisig hack, has appeared in the official twitter of Ethereum Classic, which also brings positive news to the coin holders.
— Ethereum Classic (@eth_classic) 8 ноября 2017 г.
Thuswise, it is encouraging to see Ethereum Classic moving upwards and it is possible to assume that it might keep its positions high in the future.