Based on the current overall crypto market momentum, one would almost think the sky’s the limit. Such a train of thought is very dangerous to pursue among traders who want to pocket some profits over the weekend. While the Ethereum Classic price appears bullish at this time, one has to keep in mind its value tends to go up and down quite often. As such, chasing the top can easily cause some financial headaches.Ethereum Classic Price Rises Ahead of the Weekend
In the cryptocurrency world, it is often difficult to determine what drives individual markets. While it is not uncommon for altcoins to derive value from Bitcoin and foremost, Ethereum Classic is seemingly a different creature in this regard. It too benefits fro bullish BTC momentum, although ETC usually does its own thing. Today is seemingly no exception in this regard.
Over the past few hours, the Ethereum Classic price has risen by 6.6% to $4.77. Furthermore, there is a 5.8% gain over Bitcoin to bring that value to 0.0011986. Both of these trends are promising, yet they wouldn’t materialize without good trading volume. ETC Notes $218.43m in volume today, which is nearly half of its overall market cap.
It is rather interesting to note how the ETC-related discussions on Twitter are evolving right now. Saturn Network is sharing a handy video guide regarding building new tokens and ICOs on top of Ethereum Classic. While this option has existed for quite some time now, it remains to be determined whether or not anyone will make use of this method.Planning your weekend? Why not BUIDL on Ethereum Classic. #ClassicIsCominghttps://t.co/uHYb9lWuBj#SaturnNetwork #Tokens #DEX #BUIDL #EthereumClassic #ETC #ERC223 — Saturn Network (@SaturnProtocol) February 22, 2019
It is also worth noting Ethereum Classic is currently live on the DEX trading platform. Although that is not the biggest exchange solution by any means, their list of support coins and tokens seems pretty solid. They...