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Ethereum Classic has benefited the most from Ethereum’s transition into Proof of Stake. In just a month, ETC price has more than doubled from $13.90 up to $40. The Merge is expected to occur on or around September 15. It appears that Ethereum’s much-awaited transition into Proof of Stake (PoS) is benefiting one of the most unlikely cryptocurrencies today — Ethereum Classic (ETC). In just a month, ETC has shifted from being one of the most underperforming coins into one of the most dominant today. At the time of writing, ETC price is changing hands at $40, as per CoinGecko.
Ethereum (ETH) and Ethereum Classic (ETC) saw price surges. The price of both crypto assets shot up over the past few days. However, charts indicate a cool down period soon. Along with Ethereum’s (ETH) current bullrun, it seems that Ethereum Classic (ETC) is also regaining control. Since ETC bottomed in mid-June, the past seven days are showing a strong uptick in price action for the cryptocurrency. According to some, this surge for both the assets may simply be a temporary celebration. In particular, Ethereum Classic (ETC) is presently showing flashing signs of a possible bearish reversal. That is, in comparison
