Ethereum Classic (ETC) has experienced significant market activity recently, marked by a notable increase in its hashrate and price. Following Ethereum's transition to a proof-of-stake model, ETC's hashrate nearly doubled, attracting increased mining interest. This surge in computational power has been accompanied by a substantial price rally, with ETC experiencing a 50% increase, driven partly by the approval of a Bitcoin spot ETF in the United States, which has positively impacted altcoin markets.
Despite these positive developments, challenges persist for Ethereum Classic. Coinbase Wallet's decision to delist ETC, citing waning customer interest, highlights potential concerns about its long-term adoption. Additionally, prominent figures like Barry Silbert have begun selling shares of the Grayscale Ethereum Classic Trust, indicating potential market uncertainty. As ETC navigates these dynamics, its future performance will likely depend on broader market trends and its ability to maintain mining and investor interest.
Ethereum Classic (ETC): A Market Resurgence Analysis
October 11, 2025
1 min read
Ethereum Classic (ETC) has experienced significant market activity recently, marked by a notable increase in its hashrate and price. Following Ethereum's transition to a proof-of-stake model, ETC's hashrate nearly doubled, attracting increased mining interest.