skip to Main Content
Ethereum Classic After Coinbase Announcement

Ethereum Classic After Coinbase Announcement

Today I would like to talk of what is ahead of Ethereum Classic after the addition to Coinbase Exchange, the trading aspect and the mining aspect.

The Trading Aspect

For many this addition to Coinbase was very smooth, the trade aspect was not full of rumors not like other listings of different coins, it was just the fact that ETC was going to moon once listed ono Coinbase and yes it did Moon, we saw a 50% increment just in 3 days, with the current market that’s Moon.

Until today just two a few hours after official announcement Ethereum Classic price has drop more than 15% and mining difficulty drop 11Th.

Regarding the Coinbase listing there are still milestones to carry out at Coinbase internally since after listing on Coinbase Pro some procedures need to be follow:

  1. Transfer: users will be able to deposit their ETC but no orders can be place, 24 to 28 hours after listing.
  2. Post: users will be able to create limit orders only but none can be executed, this will last 10 min after stage 1 above.
  3. Limit: limit orders can be posted to match orders, same as on stage 2, this will be for 10 min.
  4. Trading: Coinbase Pro users will be able to fully trade their asset with limit, market and stop orders.

Ethereum Classic will start with USD, EUR and BTC pairs.

With not enough liquidity on the markets, Coinbase is concern and will wait for the results and acceptance of this altcoin from their Pro users service before Ethereum Classic becomes available to Coinbase.com users.

DISCLAIMER: The information Cryptoxicate.com or its media channels not limited to Twitter, Telegram, Discord, Instagram, Facebook, or any upgcomming social media platform or internet search engine results is not financial advice. This information is for informational and entertainment purposes only. Any information provided are only and simple thoughts and opinions, you must not follow any of this thoughts and look for a profesional financial advisor since we are not any type of advisors. Dont not get into crypto currencies since its a high risk investment if you do not have the proper guidance and any investment that you made is your own responsability and no one else.

The Mining Aspect

At the moment it doesn’t matter to what mining calculator site you go there is always at the top Ethereum and Ethereum Classic as the most profitable coins to mine, for miners right now they game plan is mine, hold and pay bills from your pocket.

Ethereum Classic difficulty has drop 11TH in the past two days 

With Bitcoin going down after the ETF Delayed and most altcoins dropping in price many miners will start shutting down their rigs, if you are a miner and you still can pay energy from your pocket everything indicates that this is the time to keep on mining.

In my opinion when this market turns arround Ethereum Classic USD value can be five times its current value in USD, do the math BTC at $15k and ETC stays at current BTC value..

I have put 8 of my rigs on Ethereum Classic, getting arround 22 to 25 coins a week

This is part of my action plan moving forward on my mining equipment, only sharing my opinion.

You would say why I tell this, if more miners join difficulty will increase, because there are many small miners looking out for a good coin to mine and because I put my BTC and miners where my mouth is.

Good Luck and Have Fun

DISCLAIMER: The information Cryptoxicate.com or its media channels not limited to Twitter, Telegram, Discord, Instagram, Facebook, or any upgcomming social media platform or internet search engine results is not financial advice. This information is for informational and entertainment purposes only. Any information provided are only and simple thoughts and opinions, you must not follow any of this thoughts and look for a profesional financial advisor since we are not any type of advisors. Dont not get into crypto currencies since its a high risk investment if you do not have the proper guidance and any investment that you made is your own responsability and no one else.

Share & Contact

How useful was this post?

Click on a star to rate it!

Average rating 0 / 5. Vote count: 0

No votes so far! Be the first to rate this post.

bitcoin
Bitcoin (BTC)
$
49,909.00
steem
Steem (STEEM)
$
0.876098
hive
Hive (HIVE)
$
0.473430
lbry-credits
LBRY Credits (LBC)
$
0.155190
ethereum
Ethereum (ETH)
$
3,910.33
celsius-degree-token
Celsius Network (CEL)
$
7.17
uniswap
Uniswap (UNI)
$
38.06
icon
ICON (ICX)
$
2.11
chainlink
Chainlink (LINK)
$
42.99
Back To Top