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Ethereum Classic (ETC) Price Will Surge TO THE Level in August, Claims On-Chain Data

Because the overall cryptocurrency market sees their rise, Ethereum Classic gains massive profit outshining other currencies.

During the last 24hrs, Ethereum Classic (ETC) has claimed 23.26% because the price jumped to $41. Whenever we look at ETC, its not concerning the price, every part of the currency has entered the positive zone within the last 30 days. Even the hash rate amount of Ethereum Classic is indicating investor anticipation because the start of July 2022.

On July 28, the hashrate of Ethereum Classic was 26.773 TH/s, a rise of 23.90% right from the start of the month. The amount of active addresses reached 66,200, the best for the entire year. The amount of daily transactions was about 97,400, a rise of 62.60% this month.

Wu Blockchain (@WuBlockchain) July 29, 2022

However, the on-chain activity on the Ethereum Classics network is rising with the traders expectation that the currencys price action shows positive for the times ahead. The 2miners stats indicate that the ETC hash rate has hit a peak of 32.66 Terahashes per second on Friday. Also, the active addresses of the Ethereum Classic also have marked the best for the entire year 2022.

Ethereum Classic Price At $50?

Meanwhile, within the last 48hrs, Ethereum Classic the purchase price surged from $25 to $41. However, during writing, ETC is down by 1.73% during the last 24hrs and is trading at $39.80.

On the other hand, if ETC manages to reclaim the $40 price level and maintains the bull run, it really is anticipated that the currency will soon see its cost range around $50.

Additionally, as the Ethereum network is finding your way through the merge scheduled for September, the purchase price action around ETC is most probably to continue. Additionally it is expected that, with Ethereums merger, mining companies will dsicover a shift towards Ethereum Classic, because of ETCs proof-of-work mechanism.

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Delma Wilson

Delma is really a B2B Content Marketer, Consultant, Blogger in neuro-scientific Blockchain, and Cryptocurrency. In her free time, she wants to blog, play badminton watching out ted talks.She likes pets and shares her leisure time with NGO.

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