The overall crypto market shows signs of price reversal from the downtrend, boosting investors’ confidence. BTC started the week well, with the market seeing its highest volume in a week. Price above $22K.
Bitcoin was trading below $20K up until September 9, when the price reached $21,381.15. BTC was able to maintain its price at this level until Monday’s opening, when it saw impressive rallies.
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BTC (and many other altcoins) are still trading in the greens. The Bitcoin price is now at $22,342.67 after an increase of 3.32%. Golem GLM at 52.43%, NEAR at 10.10% and Solana (8.84%), Ravencoin RVN (6.42%), AVAX (5.2%) are other cryptos that have seen commendable gains in the past 24 hours.
Uniswap and Quant have seen gains of 3 to 5% over the last 24 hours. How about weekly price gains? Which cryptos are performing in the seven-day price rise?
ETC leads others in weekly gains
Currently, The ETC PriceThe current price is $38.68. This represents a 0.2% rise in just 24 hours. ETC is leading in weekly price rises, although it appears that this increase is smaller than the others. The seven day growth rate was greater than that of many cryptocurrencys.
ETC saw a 20.47% increase in value over the last seven days. Others are still struggling to gain value. Bitcoin, for instance, gained 3.36% within the last 24 hour, while its weekly price rise is still at 13.13%. In the last 24 hours, Ethereum lost nothing. It lost 0.12% today (September 12), despite the fact that the merger date is rapidly approaching. But there’s still hope since ETH’s price is $1,744.66, and its weekly gain is 10.93%.
RippleXRP is trading today at $0.3559, representing an increase of 0.28%. Also, its weekly gain stands at 9.36%, meaning the past week’s rallies for the coin were significant.
Avalanche. Wrapped Bitcoin. Cosmos Atom. Near Protocol. Chainlink. Stellar XLM. Bitcoin Cash. Terra Classic LUNC. ApeCoin.Source: ETCUSD price chart at TradingView.com Some cryptos haven’t recorded notable price gains in 24 hours, but their weekly growth is impressive.
The Merge will push Ethereum Classic to the forefront
Ethereum Classic will be more well-known with the upcoming Ethereum ETH Merge. The ETH network will move to proof-of–stake and will use staking for its transaction validation. Ethereum Classic is still available with the proof of work mechanism, making it an option to miners.
Related Reading: Why Ethereum Price Is Unlikely To Dump After “The Merge”
However, analysts remain unsure about how the Merge might affect ETC. They could decide to stay on the network if ETC prices rise and miners find profitability. If not, miners might choose to stick with ETH1 instead of ETC or ETH2.
Featured image by Pixabay, chart from TradingView.com