Why Ethereum Classic (ETC) Is Popping Off
Portfolio Pulse from Henry Khederian
Ethereum Classic (ETC) is trading higher by 6.3% to $19.86. The increase comes after a U.S. judge ruled that Ripple's sales of the XRP token do not constitute an offer of investment contracts. This decision could be seen as a positive development for the broader cryptocurrency industry, potentially leading to increased demand and higher prices for other cryptocurrencies, including ETC.
July 13, 2023 | 6:52 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Ethereum Classic (ETC) is trading higher following a U.S. judge's ruling that Ripple's XRP sales do not constitute an offer of investment contracts. This decision is seen as positive for the broader crypto industry, potentially boosting demand and prices for ETC.
The U.S. judge's ruling on Ripple's XRP sales is seen as a positive development for the broader cryptocurrency industry. This has led to increased demand and higher prices for other cryptocurrencies, including Ethereum Classic (ETC). As a result, ETC's price has increased.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100