Ethereum Classic
$7.74 1.76%
ETC · 1w

Top 5 Crypto | Donald McIntyre, Former Vice President Of Morgan Stanley: "ETC Has An Incredibly Unique Market"

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision.

The market data is provided by the HitBTC exchange.

The crypto markets are stuck in a very tight range for the past few weeks. It needs a strong catalyst to shake out of this consolidation. The breakout or breakdown of the range is likely to start a new trend that will remain in force for a few days.

Though it is difficult to predict the exact news event that will trigger a response from the traders, we can take a calculated guess. The outcome of the Bitcoin ETF proposals is one of the most watched events that can cause a large move.

The fact that the crypto markets have not been affected by the decline in the stock markets in the past few days is a positive thing. If this outperformance continues, we anticipate some speculative money to shift to cryptocurrencies, resulting in a sharp upward movement.

As traders, we should watch the important levels that warrant an action. Let’s take a look at  the top five performers of the past seven days and find out if they are forming any buy setups.

EOS/USD

Barring Tether, EOS was the best performer in the past seven days, rising just under a percent.

Freewallet, a cryptocurrency wallet, announced a release of a new EOS wallet where users can perform all transactions free of charge. During the week, the EOS network saw its unique daily active account hit a record of 60,000. Will the rising popularity reflect in higher prices?

The EOS/USD pair fell to its year-to-date lows of $3.8723 on March 18. From there, it rose to a new high of $23.0290 on April 29, a rise of about 494 percent in just over a month. However, the breakout to new highs above $18.67 turned out to be a bull trap because the prices have plunged about 76 percent si...

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Recent news
ETC +1.76% · twitter.com · 14h

My goal is to speedup program processing on ETC. The Just in Time (JIT) compiler we are working on will decrease execution time of smart contracts running in SputnikVM. It's possible we may accelerate execution by 30x to 60x." ~ Michael Collison - Compiler Engineer - ETCDEV

"My goal is to speedup program processing on ETC. The Just in Time (JIT) compiler we are working on will decrease execution time of smart contracts running in SputnikVM. It's possible we may accelerat...