Coinbase recently announced that it would be adding support for Ethereum Classic (ETC), a hard fork of Ethereum. The announcement caught the crypto community by surprise, as the exchange had repeatedly made it clear that it would not be adding any digital assets in the near future. However, the reaction was swift from the crypto community, with many recognizing the great opportunity the news would create. The price of ETC began appreciating rapidly as demand shot through the roof. In just a few hours, the price had risen by over 25%.
That achievement is especially incredible in light of the current state of the market, as most currencies have shed billions in value. ETC’s 25% rise in just 24 hours proves that while it’s not the biggest exchange in the world, Coinbase’s influence is still great, and getting listed on its platforms can change the fortunes of a crypto for good.
Ripple, The Unfortunate Victim
The San Francisco-based exchange currently lists only four digital currencies: Bitcoin, Bitcoin Cash, Ethereum and Litecoin. While Bitcoin and Ethereum were obvious choices given their popularity and market value, Ripple’s community has long expressed criticism of the listing of Bitcoin Cash and Litecoin over
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