Ethereum Classic is up 160 percent YTD. Ethereum Classic has had a fantastic year so far, with metrics such as active addresses and transaction volume going up.
Ethereum classic is up 160 percent since the beginning of the year.
While a strong start to 2020 was something many analysts predicted, the biggest growth was expected to come from Bitcoin and other large-cap altcoins such as Ethereum and Bitcoin Cash.
Ethereum Classic, an Ethereum fork and continuation of its original blockchain, saw a huge rise this year, beating Ethereum with its year-to-date return.
If you had invested in Ethereum instead, you would only be up around 100 percent YTD.ETC sees major growth in active users and transaction volume.
Price isn't the only Ethereum Classic metric that has been on the rise.
According to the company's tweet, there are currently 2.17 million addresses holding a balance in Ethereum Classic.
While the number is significantly smaller than the 48.3 million addresses holding a balance in Ethereum, ETC recorded a higher active addresses ratio.
IntoTheBlock data showed that Ethereum Classic had a 30-day average active address ratio of 2.76 percent.
Ethereum Classic's 7-day average transaction volume was around 3.03 million ETC while the 7-day average transaction volume on Ethereum was 2.33 million ETH. According to the company's in/out of the money analysis, 47.49 percent of all addresses holding an ETC balance is currently in the money.
Ethereum Classic outperformed ETH with a 160% YTD return in 2020
Published on Feb 13, 2020
by Cryptoslate | Published on Coinage
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