Category Archive : Ethereum Classic

If You Had $1,000 Right Now, Would You Buy The Dip In Dogecoin, Shiba Inu, Ethereum Classic Or Bitcoin Cash? By Benzinga

© Reuters. If You Had $1,000 Right Now, Would You Buy The Dip In Dogecoin, Shiba Inu, Ethereum Classic Or Bitcoin Cash?

Every week, Benzinga conducts a survey to collect sentiment on what traders are most excited about, interested in or thinking about as they manage and build their personal portfolios.

This week, we posed the following question to over 1,000 Benzinga visitors on altcoin investing: If you had $1,000 right now, would you buy the dip in (CRYPTO: DOGE), (CRYPTO: SHIB), (CRYPTO: ETC) or (CRYPTO: BCH)?

  • Dogecoin: 47.2%
  • Shiba Inu: 25.9%
  • Classic: 14.1%
  • Cash: 12.8%

See Also: Is Shiba Inu A Good Investment?

Price Action: Given the price action of altcoins is often correlated to the price of Bitcoin (CRYPTO: BTC), it’s no surprise the broader altcoin market has been selling off of late in sympathy with the apex-cryptocurrency.

Original meme cryptocurrency Dogecoin is lower by 2.75% at $0.084 at the time of publication.

Ethereum-blockchain-based Shiba Inu is also sharply lower by 1.1% at $0.00001166 over the past 24 hours.

Bitcoin Cash, which came about after a disagreement arose about Bitcoin’s block size, is trading lower by 1.99% at around $191.86 over…

Read more at uk.investing.com

Cryptocurrency Ethereum Classic Decreases More Than 4% Within 24 hours

Over the past 24 hours, Ethereum Classic’s ETC/USD price has fallen 4.04% to $20.01. This continues its negative trend over the past week where it has experienced a 5.0% loss, moving from $20.97 to its current price.

The chart below compares the price movement and volatility for Ethereum Classic over the past 24 hours (left) to its price movement over the past week (right). The gray bands are Bollinger Bands, measuring the volatility for both the daily and weekly price movements. The wider the bands are, or the larger the gray area is at any given moment, the larger the volatility.

The trading volume for the coin has tumbled 53.0% over the past week along with the circulating supply of the coin, which has fallen 0.28%. This brings the circulating supply to 134.87 million, which makes up an estimated 64.01% of its max supply of 210.70 million. According to our data, the current market cap ranking for ETC is #32 at $2.69 billion.

supply_and_vol

Powered by CoinGecko API

This article was generated by Benzinga’s automated content engine and reviewed by an editor.

Read more at www.benzinga.com

Looking at PoW Mining Prospects from LUNA’s Plunge

Looking at PoW Mining Prospects from LUNA’s Plunge

Terra is crashing.

Terra is a Korean-created smart contract blockchain similar to Ethereum, Terra blockchain mainnet was released in 2019, uses LUNA as its native cryptocurrency, and allows the creation and deployment of smart contracts on its blockchain, and the consensus mechanism is PoS.a

Recently, the thing that caused an uproar in the cryptocurrency circle is that the LUNA coin has plummeted. As of May 16, the price has fallen to $0.0001972, which is close to 0. On April 5, 1 LUNA coin was still worth $119.18, which has shrunk by more than 600,000 times in more than a month.

Terra relies on the derivation of PoS to achieve consensus, rather than hardware and electricity like Bitcoin’s Proof of Work (PoW), so coin ownership equals power. Since the price of LUNA is almost free, making governance attacks less expensive, attackers can get enough LUNA tokens cheaply and perform a social attack on the network by forcing a majority vote.

This is another important difference between a network like Terra and Bitcoin and Ethereum Classic: in the former, a small number of entities can vote on things like stopping the…

Read more at www.digitaljournal.com

Grayscale Bitcoin Trust (BTC) (GBTC) Management Presents at Crypto/Digital Currency Virtual Investor Conference (Transcript)

Grayscale Bitcoin Trust (BTC) (OTC:GBTC) Crypto/Digital Currency Virtual Investor Conference May 19, 2022 9:45 AM ET

Company Participants

Craig Salm – Chief Legal Officer

Conference Call Participants

Unidentified Analyst

[Call Starts Abruptly] — of today’s conference with a fireside chat with Craig Salm, Chief Legal Officer at Grayscale Investments.

Craig, thanks for joining us at our office here.

Craig Salm

Thank you so much for having me, Bob.

Unidentified Analyst

Good to have you. Before we start the fireside chat, I would like to present you with these four OTCQX best 50 [technical difficulty], which recognize the four Grayscale issuers that were named to the 2022 OTCQX Best 50 list. The annual list of best 50 companies recognizes the top-performing issuers as measured equally in both total return and growth in average daily dollar volume.

The four Grayscale issuers recognized this year are Grayscale Bitcoin Trust, symbol GBTC; Grayscale Ethereum Trust, symbol ETHE; Grayscale Ethereum Classic Trust, symbol ETCG; and Grayscale Digital Large Cap Fund, symbol GDLC. I’d like to present you with the plaque, and again —

Craig Salm

All right, thank you so much, Bob, it’s a…

Read more at seekingalpha.com

It’s all decentralized until someone gets rekt

Many blockchains and digital currencies assert to be “decentralized,” meaning without any one group or entity that can control it. However, its short history has proven this to be demonstrably false, as several incidents have occurred in the past six years proving so.

The DAO hack

In 2016, a so-called decentralized autonomous organization (DAO) holding nearly 15% of circulating Ether was hacked. After much debate, Ethereum’s founder Vitalik Buterin essentially rolled back the blockchain, undoing the hack, bailing himself and his cronies out akin to how the banks were bailed out as a consequence of the 2008 financial crises. No judge, jury or court was involved, the leaders just reversed the transaction, returning the funds to themselves. The split was so contentious that the permanent result was two blockchains, Ethereum and Ethereum Classic, the latter which persisted the hack in the ledger.

How is this decentralized finance?

From Investopedia:


Source: Investopedia

Less than one year after the Ethereum network went live, the founders already engage in the same practices the government and central banks did that were a factor in spurning Bitcoin in the first place.

If a…

Read more at coingeek.com

Is Ethereum Classic (ETC) Worth the Risk Thursday?

Ethereum Classic achieves a low risk analysis based on InvestorsObserver research. The proprietary system gauges how much a coin can be manipulated by analyzing much money it took to shift its price over the last 24 hour period along with analysis of recent changes in volume and market cap. The gauge is between 0 and 100 with lower scores equating to higher risk while higher values represent lower risk.

InvestorsObserver is giving Ethereum Classic a low Risk/Reward Score. Find out what this means to you and get the rest of the rankings on Ethereum Classic!

Read more at www.investorsobserver.com

Does it Score Poorly on Long-Term Trading Metrics Wednesday?

InvestorsObserver gives Ethereum Classic an average long-term technical score of 66 from its research. The proprietary scoring system take into account the historical trading patterns from recent months to a year of the coin’s support and resistance levels, in addition to where it is relative to long-term averages. The analysis helps to determine whether it’s a strong buy-and-hold investment opportunity currently for traders.

ETC at this time has a superior long-term technical analysis score than 66% of crytpos in circulation. The Long-Term Rank will be most relevant to buy-and-hold type investors who are looking for strong steady growth when allocating their assets. Combining a high long and short-term technical score will also help portfolio managers discover coins that have bottomed out.

InvestorsObserver is giving Ethereum Classic a 66 Long-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Ethereum Classic!

Trading Analysis

The current trading price of $21.040000000 for ETC is -$11.7800000 (-35.89%) below the coins 100-day moving average of $32.820000000. ETC meanwhile is…

Read more at www.investorsobserver.com

Robinhood to launch a Web3 wallet, LimeWire inks deal with Universal and more

Popular trading platform Robinhood is creating a noncustodial crypto wallet that will be compatible with multiple blockchains.

The wallet will be a standalone application with the ability to store nonfungible tokens (NFTs) and connect to NFT marketplaces. A promo video released for the wallet shows a demonstration using Ethereum-based NFTs.

The app is a significant step for the company in providing crypto services. Prior to January 2022, trading crypto on Robinhood was a closed system with users unable to withdraw cryptocurrency.

On Jan. 21, Robinhood opened up crypto withdrawals to 1,000 users, allowing them to send crypto off the platform. That number was later expanded in April to the more than 2 million users on a waitlist.

Currently, the wallet is limited by an identity verification process and only supports seven assets: Bitcoin (BTC), Bitcoin Cash (BCH), Bitcoin SV (BSV), Dogecoin (DOGE), Ether (ETH), Ethereum Classic (ETC) and Litecoin (LTC).

Limeys

LimeWire, a peer-to-peer (P2P) file-sharing…

Read more at cointelegraph.com

JASMINER X4: ETC mining bonus is still continuing

2022 is still a year of frequent epidemics, but it is also a dividend period for the development of cryptocurrencies. Many people are optimistic about the investment value and hedging properties of cryptocurrencies, so they have entered the cryptocurrency market.

At present, there are more than a thousand encrypted digital currencies in the world, with different value bases and huge differences in risk. However, there is a cryptocurrency that has stood in the cryptocurrency world for a long time with its unique design mechanism and the support of many believers. In addition, the periodic price rise in the past period has made it popular in the entire encryption circle for a while, and everyone is discussing whether to invest in it. It is Ethereum Classic (ETC).

The price of Ethereum Classic rose 3.76% to $28.12 in the past 24 hours as of May 5. For now, the cryptocurrency’s all-time high is $167.09. While trading volume has dropped by 22.0% over the past week, the overall circulating supply has increased by 0.08% to over 134.58 million, making its current circulating supply an estimated 63.87% of its maximum supply, or 210.7 million. The current market value of ETC is $3.78…

Read more at www.digitaljournal.com

Neutral-Rated Ethereum Classic (ETC) Rises Tuesday to $21.38

Ethereum Classic (ETC) gets a neutral rating from InvestorsObserver Tuesday. The crypto is up 1.45% to $21.38 while the broader crypto market is up 2.15%.

Ethereum Classic has a Neutral sentiment reading. Find out what this means for you and get the rest of the rankings on Ethereum Classic!

Neutral

Over the last five days, Ethereum Classic has earned a Neutral rating on the InvestorsObserver Sentiment Score. The Sentiment Score measures the performance of Ethereum Classic over the past five days by volume and price movement.

The Sentiment Score provides a quick, short-term look at the crypto’s recent performance. This can be useful for both short-term investors looking to ride a rally and longer-term investors trying to buy the dip.

Price Levels

Ethereum Classic is currently trading near its midpoint for the past five-days. The crypto is 12.08% off its five-day high and is 30.26% higher than its five-day low of $16.41.

Ethereum Classic price is comfortably positioned between support and resistance. With support set around $20.13 and resistance at $22.3, has some room to run before facing resistance.

Ethereum…

Read more at www.investorsobserver.com