Ethereum Classic after Poloniex's Listing

Poloniex, one of the biggest altcoin exchanges, shocked the community this morning by listing a conceptually insecure and flawed coin, Ethereum Classic, a deprecated chain that has barely any miners and thus lacks any security.

source: https://www.cryptocoinsnews.com/miners-attack-ethereum-classic-polonixs-listing/

The chain was fully ignored and Ethereum’s community had already moved on before Poloniex made a surprising announcement while Europe and America was asleep. Ethc’s price instantly crashed to pennies, before slightly recovering while Ethereum’s price, although somewhat volatile, continues to trade above $13, down $1 dollar since the news.

Ethereum Classic

Ethereum Classic, otherwise known as ETC, has a lot of volume at Poloniex. Currently, the exchange is reporting over 18 thousand BTC in ETC trading with the troll-box going wild.

People initially thought ETC was just an exercise in trolling as well, but the project has gained significant traction over the past couple of days. Miners have joined the Classic pools, social media pages have been created, and somehow it managed to find its way into the trading markets. Currently, ETC value has been volatile but is the sixth most valued coin so far according to coinmarketcap.com