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Ethereum Classic price renews high above $ 107

Ethereum Classic (ETC) quotes rose above $ 107 (according to CoinGecko), setting a new all-time high.

On Binance US, the price of the coin reached $ 150 at the moment.

ETC / USD hourly chart on the Binance US exchange. Data: TradingView.

Over the past seven days, the asset has risen in price by 200%. The capitalization of the largest Ethereum fork has exceeded $ 13.3 billion, in the ranking according to this indicator it has risen to 16th place.

Data: CoinGecko.

Against the background of the growth of the Ethereum Classic rate, the value of assets under the management of the Grayscale trust based on the coin exceeded $ 1 billion for the first time.

During the current season of altcoins, several of the largest cryptocurrencies in terms of capitalization have already set new price records.

On May 4, the Ethereum price broke through the $ 3,500 mark. The day before, Binance’s BNB token reached a new high above $ 670, and Uniswap quotes approached the $ 45 level.

On May 5, Chainlink’s price reached $ 50.

Recall that in August 2020, the Ethereum Classic network underwent a series of 51% attacks. The damage from the first of them was estimated by analysts at $ 5.6 million, the second – at $ 1.68 million. The third incident occurred at the end of the month.

In December, a planned Thanos hard fork took place on the network, designed to improve the security of the cryptocurrency.

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Fidenge Pecold

My profession is a journalist, but my hobby for 8 years has been studying Forex investing and trading. During this time, I managed to gain extensive experience in investing and trading cryptocurrencies and double my capital in the Forex market. To be the author of this magazine, the site owners invited me to participate in one of the 2020 trading webinars, and I will try to reveal the most relevant crypto market news for you.

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