Ethereum Classic fluctuates within its maximum. Growth began last week, less than a day after investor Barry Silbert warned that ignoring crypto-currencies is a gross mistake. Before this coin, Ethereum Classic cost about 24,50 dollars, but by 13 February its value has increased to 32 dollars.
Ethereum Classic spent a few days at this level, after which it resumed its ascent on Monday, when it jumped more than 20 percent, ahead of all other crypto-currencies from the top 50.
At the time of writing, Ethereum Classic is estimated at 39,27 dollars according to Coinmarketcap, while the average ETC has already overcome the barrier in 40 for the first time since 15 January.
The volume of trading in ETC is becoming more focused on South Korean exchanges, as it was before the introduction of new, restrictive rules for trade in crypto-currencies. Currently, a couple with vona, more than 35 percent of the total volume of ETC.
The price movement on Monday seems to be related to the forthcoming launch of Callisto, the crypto currency, which will be transferred to 1 by 1 to all ETC holders. Such news often leads to higher prices, because they serve as a kind of bait for current investors.
Last week, for example, the price of Litecoin grew because of the news that the development team is creating a hard-core, Litecoin Cash. This growth occurred, despite the fact that the creator of Litecoin Charlie Lee called the coin "fraud".
Author: Olga Novikova, Analyst Freedman Club Crypto News
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