BREAKING CRYPTO NEWS: Ethereum Classic has AGAIN broken all time highs today & now the $8 USD threshold. Every day in Crypto we are seeing HISTORY!

in #cryptocurrency7 years ago (edited)

The Crypto Space continues to see RECORD BREAKING HIGHS nearly every day right now!


$ETC has broken the $8 USD threshold today for the first time, and is up ~ 12% as I type this! - as news continues to swirl about various investment trusts and projects the currency will be implemented into. It has been up 20% regularly the last few days.

I looked for definitive news earlier in the day from some usual key sources connected to Eth. Classic and various projects briefly, but did not come up with anything concrete.



Something is definitely happening in the Crypto World with all the cryptos seeing huge gains, and NOT at the expense of Bitcoin, as I wrote about this past weekend.

I am rooting for Ethereum Classic and have written about it many times!



The last 30 days, has seen $ETC here along with other coins make steady/impressive gains as you will see in the charts below:


Ethereum Classic Lifetime Chart (Poloniex)


1 Month Chart -- as I said -- look at that last tail near the end of the chart the last week!


Here is the Record Breaking Day recap:


Overview from CoinMarketCap.com:








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Please note -- I will have limited internet access for awhile -- so PLEASE do not be upset that I cannot reply right away, or to everyone. I am dealing with some changes, and will have limited time online and will be happy if I get a few blog posts up a week.

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I am curious as to your support of ETC over Ethereum. Do you suspect similar development will center around ETC?

ETH just broke 80$ - I would take this as a sign the market is favoring the Ethereum chain. In my opinion ETC value is only driven by speculators and people who confuse it for Ethereum. The Ethereum Trust a prime example of this.

I have watched your posts and comments since I first found you on here. You are super sharp, I know that and like that about you so you likely know more than me hahahaha! See below:

1/ I do not really favour one over the other.
2/ I like to celebrate various milestones and accomplishments, I think the ETH/ETC community / split allows this also.
3/ ETH has multiplied by a factor of ~ 7 the last 5 mths. -- Amazing!
4/ ETC " " ~ 4 " -- Also amazing, not many cryptos can say that either!
5/ then there is the political/philosoph. split on backdating code like what happened w the DAO split.
6/ ETC has all the same coding and ERC compliant code, but at a much cheaper price.
7/ Nobody is discussing putting ETH in an ETF. I am not sure about the truth of your last point, it is definitely salient.... but I am not sure thousands of people in this space, are mistaking the 2. I think a few might.

Some people care about some of those, or all of them..... there are newbs reading our posts daily who are learning so these chats are always good to have. 12 mths ago, I knew hardly anything as compared to where I am now with everything.

I think this is a great rational analysis. I have many skepticisms with the teams running ETC much more than ETH; even if the arguments about controversy within the Foundation stand. I think a big take-away is they have diverged in features and will continue to do so more and more as the applications (like mediachain that will help power spotify or the system working for the UN today) become engraved in consumers. ETC coin supply was designed to look good to investors, they designed it ~ from scratch - talk about "code is law"... That said it is still earl y and that is clearly just my opinion. There is talented people working on both sides. I hope ETC will be able to adopt the sharding and other consensus mechanisms to allow for scaling. Same goes for Swarm and Whisper and Raden - i think they have this.

Nobody is discussing putting ETH in an ETF. I am not sure about the truth of your last point, it is definitely salient.... but I am not sure thousands of people in this space, are mistaking the 2. I think a few might.

Now one more thing to note, I would argue there is some weirdness and insider trading, IMO, revolving around the single, deceptively named ETF. I would also say there is a lot of people trading things just because they are listed on exchanges; there are so many assets that fly around so fast whose traders have no clue what the actual use is for those "tokens".

Good discussion Kyle. You know a lot of stuff for sure. I appreciate your time and willingness to share and that helps everyone.

ETC has usually been 10% of ETH value, so it was severely underpriced in the last month when ETH had it's bullrun. Now it's coming back to its regular position behind ETH... I myself wouldn't jump into it at this point although it's nice to see my ETC coins double! :)

I agree. ☆☆☆☆☆😎

Yes guy! There is room for lots of winners!

BarryDutton Barry Dutton tweeted @ 01 May 2017 - 16:54 UTC

#EthereumClassic breaks $8 barrier & All Time High! $ETC #ETC #CryptoCurrency #Blockchain #Liberty #money $USD 🚀
bit.ly/2pAX1T8

Disclaimer: I am just a bot trying to be helpful.

This market is CRAZY. In a good way, of course. I'm waiting for that other shoe to drop.

Buckle Up buddy LOL, the market things we discussed are all panning out. Have a good day...

I worked to get a couple posts up today while tied up with a couple things but will be back online tonite, sorry I cannot reply to things today!

Thanks, Barry. You too!

I think you will like my HODL funny post up today!!!

I'll check it out! Thanks!

It finally did drop! :/

go etc go up up up

Agreed! Go hard!

I worked to get a couple posts up today while tied up with a couple things but will be back online tonite, sorry I cannot reply to things today!

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