Ethereum Classic’s [ETC] +13% rally is fine, but the worrying sign is… - Aliens: AI Crypto News & Markets Updates
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Ethereum Classic’s [ETC] +13% rally is fine, but the worrying sign is…

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AMB Crypto

Wed, May 25, 2022

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Aliens TLDR

At press time, Ethereum’s estranged sibling Ethereum Classic [ETC] was trading at $23.75 after rallying by 7.34% in a day and 13.60% over the past week.

For starters, Ethereum Classic volumes surged as the asset’s price rallied this week.

While still far below the levels recorded near the asset’s all-time-highs before the May 2021 crash, this metric has been steadily rising since about mid-March 2022.

Another worrying sign for the asset is that Ethereum Classic’s development activity is down.

Development activity, at press time, was around a tenth of the levels recorded in March 2022.

https://t.co/eR319oPQxQ — Ethereum Classic (@eth_classic) April 27, 2022 With the post seeing less than 100 retweets at press time, this is not a sign of healthy community engagement

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