ETC is Trying to Recover
Ethereum Classic is trying to recover since the beginning of last week. It added 9.0% to almost $17.00 per coin, but rolled back to $16.20 this Monday. However, its prices are still above 50-day moving average, which demonstrates the strengths of the coin. Bitcoin has added 5.7% during the same period.
There are no major fundamental drivers behind ECT rise, so a coin is rising with the crypto market. A further direction of prices would be bound to an ability of Bitcoin to go up towards $30,000 per coin. Still, the project’s network is developing with increasing trade volume and rising share of whales holding the coin. This could be considered as the good news. If Bitcoin will continue to climb the ETC may continue to go up towards $20.00 per coin.
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