The Ethereum Classic (ETC), which has seen a 300% increase in trading volume over the last week, was mistaken by unsuspecting traders for Ethereum (ETH). ETC saw an increase of trading volume and is now at $118.56.
Altcoins are now pulling their weight. Since the beginning of the week, ETH and Telcoin (TEL), have been pumping. Ether is currently trading at $3.521. It has jumped as high to $3.807 in the past 7 days.
Dogecoin is also on the rise and has reached a new high. DOGE, which has risen more than 7,00%, is the altcoin that has seen the greatest spike in 2021.
Cryptosphere members have discussed recent altcoin growth. Many people believe that continuous pumping into ETC is dangerous, particularly considering the numerous attacks on the ETC blockchain. ETC has been subject to multiple 51% attacks over its four-year existence. These attacks were tied to insecurity.
Despite the fact that ETC’s value has fallen over the last hour, token holders seem to be willing to keep the digital asset.
Barry Silbert, founder of Digital Currency Group, tweeted his praise for ETC’s growth. Silbert gave ETC his highest praise at $150. This is a far cry from its $0.50 price when Silbert acquired it.