The cryptocurrencies in the top 10 have new competition: Ethereum Classic (ETC). The cryptocurrency is currently the eleventh largest coin, according to Coinmarketcap, and is very close to IOTA’s tenth place.
After having following the rallies of Bitcoin and most of the Altcoins in the last week, ETC is currently on the rise again. At the moment, the ETC price stands at $19.45, after briefly passing the $20 mark in earlier this morning. With a market capitalization of approximately $2 billion, Ethereum Classic is now between IOTA ($ 2.18 billion) and Tron ($ 1.92 billion).
The cryptocurrency currently shows a 24-hour increase of 11.6 percent. If this trend is confirmed, IOTA may soon be out of the top 10 on Coinmarketcap. IOTA’s 24-hour price action looks much less bright and currently has a shortfall of 9 percent. The price increase may also be related to Robinhood’s announcement that it intends to include ETC in its trading app.
Robinhood Crypto is currently available in 19 states, and we’re working on expanding to more.
You can now invest in Ethereum Classic on Robinhood Crypto, commission-free. https://t.co/PAidMUpbYq
— Robinhood (@RobinhoodApp) August 6, 2018
Besides Robinhood’s announcement, Coinbase is also taking significant decisions for the cryptocurrency.
Already in June, Coinbase had announced that it wishes to list the ETC token in the near future. The prospect of being listed on one of the most essential crypto exchanges has made the price of ETC to jump as expected. Within a few hours, the price rose from $12 to $16.
On August 3, Coinbase officially launched the final phase for the tests of ETC support. With the assumption that by August 7, all tests would be completed. Before Coinbase opens the trading of ETC, Coinbase Pro and Coinbase Prime users will be able to transfer their tokens to Coinbase. The cryptocurrency exchange, however, did not guarantee the adherence to the deadline, so you the users should expect more updates today.