Ethereum Classic, Often Considered A Cheaper Play, Outshines ETH On Spot ETF Approval Day: What's Going On?
Ethereum Classic Surges as ETH ETFs Debut The approval of the first Ethereum ETFs marks a significant milestone for the crypto industry, as it brings more mainstream acceptance and adoption to the world's second-largest cryptocurrency by market capitalization. However, as the market buzzes with excitement over the ETH ETFs, Ethereum Classic is making its own moves. Key Factors Driving ETC's Price Surge There are a few key factors that could be contributing to Ethereum Classic's recent price surge. Firstly, ETC has been gaining popularity among investors as a hedge against the rising inflation in traditional markets. As inflation concerns continue to rise, more investors are turning to cryptocurrencies like ETC as a store of value. The Coinbase Effect Another factor that could be driving ETC's price is the so-called "Coinbase effect." This refers to the price increase that often occurs when a cryptocurrency gets listed on the popular exchange Coinbase...