Ethereum Classic (ETC) has been increasing in value since the beginning of the week. ETC rate for a few days strengthened by almost 10% to $36, the capitalization of the altcoin at the time of publication of this review was $4.935 billion.
The cryptocurrency is strengthening on the background of a record high activity of miners. The day before, ETC broke above $41 – the highest level since mid-August. Then there was a drop, but today buyers returned to the arena, which led to the rebound of the coin.
Analysts predict that as the Merge fork approaches, Ethereum Classic’s exchange rate could rise significantly.