• Skip to main content
  • Skip to primary sidebar
  • Skip to footer
TodayinCrypto.com

TodayinCrypto.com

  • Home
  • Latest News
  • YOUTUBE RECAPS
  • CONTACT US

Ethereum Classic surges roughly 150 percent in two weeks, outpacing Ether as “the Merge” draws near


July 28, 2022 · By Muhammad Awwal
Ethereum (ETH), Ethereum Classic (ETC)

The price of Ethereum Classic (ETC) may benefit from Ethereum switching to proof-of-stake, according to rumors that are already proving to be true.

Ethereum Classic (ETC) has been beating its arch-rival Ethereum’s native token Ether (ETH) throughout the current crypto market recovery with the ETC/ETH pairs hitting 10-month highs.

On July 28, ETC’s price increased to $35.39 after hitting a low of $13.35 earlier in the same month. The token has already increased by 142% in just two weeks. ETH’s price, in contrast, has increased by 52 percent in terms of U.S. dollars.

ETC/USD versus ETH/USD daily price chart. Source: TradingView

Ethereum’s recovery has been one of the most rapid among the top cryptocurrencies. This is largely because of the buzz surrounding a potential network upgrade in September. 

Ether started to rally and led the cryptocurrency market recovery after Tim Beiko of the Ethereum Foundation forecasted that the so-called merge, or move to proof-of-stake, is likely to go live in the middle of September.

The long-awaited architectural upgrade, dubbed “the Merge,” will change the Ethereum blockchain network’s consensus process from proof-of-work (PoW) to proof-of-stake (PoS).

Stakers will take the place of miners as a result of the switch to a new consensus mechanism. The PoS move will force current Ethereum miners to use PoW networks because of this.

It should come as no surprise that Ethereum Classic is the most similar to Ethereum in terms of network architecture and compatibility due to the fact that Ethereum Classic is the heritage chain that was split from Ethereum after a contentious hard fork in July 2016.

Thus, one of the primary drivers of ETC’s recent price increase is likely speculation that Ethereum Classic would overtake Ethereum as the preferred cryptocurrency for miners switching from Ethereum.

Primary Sidebar

LATEST NEWS

From Mystery to Megabucks: Bitcoin’s Satoshi Nakamoto Rises to #11 on World’s Wealthiest List

July 16, 2025

Crypto Pioneer Roman Storm Appeals for Urgent Financial Aid for Grand Legal Battle

July 15, 2025

Co-founder of Bitzlato Pleads for Presidential Pardon: Another Twist in the Crypto Ongoing Drama

July 12, 2025

Unprecedented Crypto Rally Liquidates Over $1 Billion in Short Positions!

July 12, 2025

Bitcoin Skyrockets Above $116K, Sparking Massive Crypto Short Liquidation

July 10, 2025

  • Facebook
  • Instagram
  • Twitter

Newsletter

Footer

ABOUT US

TodayinCrypto is a financial media brand that strives to deliver breaking, accurate and daily news about digital assets to millions of investors in the crypto industry.

We are passionate about Bitcoin and are keen to share news about the people, companies and technological developments that are changing our world.

TODAY IN CRYPTO

  • US House Battles Over Key Crypto Bills: Digital Currency Future Hangs in the Balance July 17, 2025
  • From Mystery to Megabucks: Bitcoin’s Satoshi Nakamoto Rises to #11 on World’s Wealthiest List July 16, 2025
  • Crypto Pioneer Roman Storm Appeals for Urgent Financial Aid for Grand Legal Battle July 15, 2025

Search

Tags

Aave (AAVE) Aleph.im (ALEPH) Arweave (AR) Avalanche (AVAX) Benchmark Protocol (MARK) Binance Coin (BNB) Bitcoin (BTC) Bridge Mutual (BMI) Cardano (ADA) Celsius Network (CEL) Chainlink (LINK) Decentraland (MANA) Dogecoin (DOGE) Elrond (EGLD) Enjin Coin (ENJ) Ethereum (ETH) Ethernity Chain (ERN) Fantom (FTM) FTX Token (FTT) Kusama (KSM) Litecoin (LTC) NFT OriginTrail (TRAC) PAID Network (PAID) PancakeSwap (CAKE) Polkadot (DOT) Polkastarter (POLS) Polygon (MATIC) SnowSwap Solana (SOL) SuperFarm (SUPER) Sushi (SUSHI) Terra (LUNA) Terra Classic (LUNC) The Graph (GRT) Theta Network (THETA) Tixl (TXL) TRON (TRX) Trustswap (SWAP) Uniswap (UNI) USD Coin (USDC) VeChain (VET) XRP (XRP) yearn.finance (YFI) Yield Optimization Platform & Protocol (YOP)

Copyright © 2025 · Today in Crypto · Terms & Privacy · Log in