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Ethereum Classic (ETC) Soars 9% As ETH Crashes, Here's Why

source-logo  coingape.com 27 May 2022 15:03, UTC

Ethereum Classic’s (ETC) price surged more than 9% in the last 24 hours, with trading volume jumping 40%. The rally is fueled by instability in the Ethereum Beacon Chain that underwent block reorganization, questioning the stability of transitioning to proof-of-stake (PoS). While the Ethereum (ETH) price slips below $1800, the proof-of-work (PoW) ETC price continues to soar higher.

coingape.com