Ethereum Classic (CRYPTO: ETC) rose 6.78% over 24 hours to $56.14 on Wednesday night.
What’s Moving? The decentralized open-source network, which maintains the original history of the Ethereum network post a 2015 fork, has risen 4.62% over the last seven days.
Since the year began, ETC has soared 894.93% touching an all-time high of $176.16 in May.
See Also: Ethereum Vs Ethereum Classic
Why Is It Moving? ETC moved in tandem with Ethereum, which was hovering near its all-time high at press time.
ETH rose 9.2% to $4,207.50 over 24 hours and has spiked 15.42% over the last seven days.
Both ETH and ETC were trending on Stocktwits at press time. ETH was also trending on Twitter where it was the second-most mentioned coin, as per Cointrendz data.
ETH was mentioned in 6,091 tweets, while the most-mentioned cryptocurrency, BTC, was mentioned in 16,560 tweets. Additionally, ETH was also seen trending on Coingecko.
ETC is often viewed as a cheaper Ethereum play and has risen this year alongside the more highly-priced cryptocurrency.
Last month, the project shared an update on CryptoPunks-like ETCPunks, the first-ever non fungible tokens on the network.
And they say no #NFTs on $ETC…. there is no better platform to manage high value contracts than on a trust-minimized PoW #blockchai, one that runs without the possibility of third party interference by trusted third parties…… oh and check out https://t.co/N6ob2LmXSP https://t.co/pBq62pmH1Y
— Ethereum Classic (@eth_classic) October 16, 2021
At press time, 7,702 out of the 10,000 ETCPunks remain available for sale in the collection. Each ETCPunk costs 2 ETC to mint and they are available to purchase on a random basis.
Photo: Courtesy of Wikimedia