Dark Horse Coin - Ethereum Classic

By Samuel Swinton

From Footnote To Top 10

The DAO hardfork of Ethereum resulted in two rival blockchains: Ethereum and Ethereum Classic. After the vast majority of users moved over to Ethereum I thought Classic would be a footnote in cryptocurrency history. However, in the past month Ethereum Classic has shot up from relative obscurity to 9th largest cryptocurrency. This doesn't seem to be a pump-and-dump as I have found a few potential reasons for this spike in value:

1. There was a recent hardfork announced which is generating renewed interest in the coin
2. There have been recent issues with Ethereum wallets which may lead people to switch to its main competitor: Ethereum Classic
3. The spikes in demand are not immediately followed by a massive selloff as one would expect of a pump-and-dump

Ethereum Classic should be back on everyone's radar. Ethereum Classic developers are still innovating new features. If faith in Ethereum continues to fall we may see users moving back to Ethereum Classic.

Are you going to start investing in Ethereum Classic? Are you skeptical of its sudden comeback? Tell us in the comments!