{"id":242479,"date":"2021-05-05T12:41:38","date_gmt":"2021-05-05T09:41:38","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/three-reasons-why-the-other-ethereum-has-pumped-130-in-the-last-week\/"},"modified":"2021-05-05T12:41:38","modified_gmt":"2021-05-05T09:41:38","slug":"three-reasons-why-the-other-ethereum-has-pumped-130-in-the-last-week","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/three-reasons-why-the-other-ethereum-has-pumped-130-in-the-last-week\/","title":{"rendered":"# Three reasons why the \u2018other Ethereum\u2019 has pumped 130% in the last week"},"content":{"rendered":"

“# Three reasons why the \u2018other Ethereum\u2019 has pumped 130% in the last week <\/strong>”<\/p>\n

Ethereum Classic (ETC) continues to maintain its parabolic price action advance that began in late March.<\/p>\n

Data from crypto market aggregator Coingecko shows ETC is up almost 50%<\/a> in the last 24-hour trading period as of the time of writing.<\/p>\n

Indeed, the 20th-ranked crypto by market capitalization is currently at an all-time high above $76.<\/p>\n

Source: TradingView<\/figcaption><\/figure>\n

The first likely reason for this current price action advance is that it is a continuation of ETC\u2019s positive performance since the end of Q1 2021. <\/p>\n

As previously reported by Cointelegraph, major forks like ETC and Bitcoin Cash (BCH) had been seeing significant upward moves. ETC was a consequence of the Ethereum hard fork that ensued after disagreements on the best course of action to rectify the decentralized autonomous organization debacle of July 2016.<\/p>\n

Retail hype is also building on ETC especially as the token is available to buy on the popular trading app<\/a> Robinhood. Online search volume for Ethereum Classic is on the high, according to data from Google Trends.<\/p>\n

This current retail hype may also be attributed to Ether (ETH) smashing its all-time high and moving beyond $3,000 for the first time. Indeed, social media<\/a> sentiment points to newbie ETC holders considering the \u201cgreen Ethereum\u201d a much cheaper alternative to the ETH juggernaut.<\/p>\n

ETC has also outperformed ETH in terms of year-to-date price action gains by a factor of over three-fold.<\/p>\n

\n

Robinhood only supports trading of Bitcoin, Bitcoin Cash, Dogecoin, Ethereum, Litecoin and…Ethereum Classic<\/p>\n

I think I now know where the DOGE money is going next https:\/\/t.co\/wH72c7Hi6O<\/a><\/p>\n

\u2014 Barry Silbert (@BarrySilbert) May 4, 2021<\/a><\/p><\/blockquote>\n