Three reasons why the âother Ethereumâ has pumped 130% in the last week Ethereum Classic has almost matched Dogecoinâs massive pump in the last seven days. 21787 Total views News
Ethereum Classic (ETC) continues to maintain its parabolic price action advance that began in late March.
Data from crypto market aggregator CoinGecko shows ETC is up almost 50% in the last 24-hour trading period as of the time of writing.
Indeed, the 20th-ranked crypto by market capitalization is currently at an all-time high above $76.
Source: TradingView
The first likely reason for this current price action advance is that it is a continuation of ETCâs positive performance since the end of Q1 2021.
CryptoCompare Digital Asset Management Review: ETH Now Represents 13% Of AUM Across All Digital Asset Investment Products Date
22/04/2021
CryptoCompare has just released its latest Digital Asset Management Review, a monthly report that focuses on key developments in the global digital asset investment product landscape. The report tracks the adoption of these products by analysing assets under management, trading volumes, and price performance.
April has been a volatile month; Bitcoin set a new all-time high of $64,773 on the 14th but crashed to below $52,000 a few days later. Compared to March, trading volumes across all products have decreased by 5.3% to $706mn/day while total AUM has decreased 4.5% to $56bn. Ethereum has performed well, and now represents 13% of total AUM across all digital asset investment products.