Ethereum Classic is on the way to triple digits so if you’re thinking of selling off, don’t. Ethereum Classic has proven to be a rather strong cryptocurrency over the months. The price spike in the wake of the Coinbase listing announcement contributed to reassuring the Ethereum Classic community that the cryptocurrency is a worthy contended. As Coinbase announced that it would be listing Ethereum Classic (ETC), there was an unprecedented positive sentiment in the price and volume of ETC.
Why Did the Coinbase Announcement Boost the Price of Ethereum Classic (ETC)?
Ethereum Classic one of the few cryptocurrencies that were bullish on the weekly chart. Before now, Coinbase didn’t announce the listing of a coin until one day ahead. This time, it announced that it would be listing Ethereum Classic (ETC) months before the date. This is a game changer that gave investors the opportunity to buy and hold ahead before the prices skyrocket due to the Coinbase influence.