cryptoglobe.com
On Monday (August 1), Ethererum ($ETH), the second-most valuable cryptoasset by market cap, is trading around $1,675, after an excellent performance in July (despite the fact that we are still in a bear market).
According to data by TradingView, on crypto exchange Coinbase, the $ETH price went from $1091.56 to $1687.24, which is a gain of 54.57% vs USD.
During the same period, the $BTC price went from $20,460 to $23,363, a gain of 14.18% vs USD.
As for $ETC, its price went up 144.04% (from $15.10 to $36.85) in July.
One prominent crypto analyst that does not seem amused by Ethereum Classic outperforming Ethereum — vs USD — in July is Lark Davis, who tweeted on July 29:
$etc is pumping, this market is silly! Basically a zombie chain that miners will farm and dump big time in September.
— Lark Davis (@TheCryptoLark) July 29, 2022
Here is one of the replies to Davis’s tweet:
1. $etc is the real #ethereum without bailouts.
— Ⓜ️🕸Mike教练🛡🦇 (@mikecryptolife) July 29, 2022
2. #eth is trying to bite the hand that feeds them (secures the network) aka the miners
With this mege splurge so miners are moving to secure $etc + funding it's devs
3. #eth might get hard forked as well with this merge
Goodluck
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