Ethereum Classic News and Price Analysis: ETC Half Year Report; Accomplishments and Future Plans. Sunday, July 29
Important Ethereum Classic News
ETC Cooperative half year report
Developers behind Ethereum Classic in order to keep the community and ETC investors informed decided to release a report of the current accomplishments, works in progress and targets. The document summed up the first 6 months of 2018.
When it comes to the community, the project's subreddit /r/ethereumclassic has grown from 12,000 to more than 20,500 subscribers, the twitter account gathered 200,000 followers and the amount of daily transactions doubled to the average of 47,000 per day.
The focus was put on the development and improvement of block explorer and software integration for ETC's blockchain. They've worked with Parity and Metamask on the possibilities of supporting ETC. When it comes to the finance summary, the project managed to have $655,000 cash in-flow and total expenses of $280,000.
The close future plans include hosting ETC Summit to increase awareness about the project, bring together investors and developers interested to explore this technology and to create ETC applications and solutions.
"Over the next 6 months we will focus on a variety of projects, including:
• Continuing all on-going projects, and completing those in-progress.
• Conducting more extensive outreach and awareness for ETC; ramping up marketing and communications.
• Improving international community support further by providing translations for more materials.
• Working with a variety of interested industries including those who want to use ETC’s blockchain.
• Expanding our role as a coordinator/liason of ETC’s various teams.
• Expanding staff to support more projects."
Ethereum Classic Price
ETC Price Analysis
One quick look at this week's ETC price gives a lot of information about current status and market position of Ethereum Classic. The price has been very volatile with high daily amplitudes. One day the token could be worth $16.49, just to fall to $16.23 in next hours, and then recover and get to $16.77 same day.
The most notable spikes happened on July 24th and 26th. In the first case, the price of ETC jumped rapidly from $15.75 to $16.88, while in the second case we could see a sudden fall as the coin dropped from $17.22 to $16.45, as the whole cryptocurrency market experienced a slight price correction after few days of positive market movements. At the moment, ETC is trading slightly below $17 and the price chart is most likely heading in the upwards direction.
ETC/USD Price Chart, Sunday July 29th:
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