ETC reached $17.71 on cryptocurrency exchange Binance — a single-day increase of 7%.
There could be several factors which are affecting this price movement. The principal one is the listing on Coinbase, which was something of a surprise when it beat other contenders such as Ripple’s XRP token to the finishing line....
Still, the listing on Coinbase has been announced some time ago, and ETC still continues to skyrocket, gaining over 20% over the past 48 hours. If it continues rising in this manner then we could be back over the psychologically significant $20 mark with a push towards a two-monthly high of $24 not that far away...
The historic all-time high for ETC currently stands at $45.51. Other peaks include $42.38 as recorded at the end of February and $24.70 as recorded at the start of May.....
Historically speaking, ethereum classic usually climbs by over 60% or close and thus, we could see this current jump in price materialise into something similar, though the current state of the markets does suggest otherwise.
