July has brought relief to the crypto market, with ethereum classic (ETC), the supposedly dead coin and not-so-similar clone of Ethereum's ether (ETH) token, and other out-of-favor coins like UNI and MATIC leading the recovery in digital assets with at least $1 billion market value.
ETC has added 184% this month, while scaling systemPolygon's MATIC and decentralized exchange Uniswap's UNI have gained 102% and 86% respectively, CoinDesk data show. Industry leader bitcoin (BTC) had added 20% and ether 60% at press time. The total crypto market capitalization has rebounded to $1.14 trillion from last month's $762.82 billion low.
"ETC is being driven by speculation that ETH miners will go to ETC and potentially, there could be another hard fork benefitting them," Lucas Outumuro, head of research at IntoTheBlock, said. The driver for the move is Ethereum's impending Merge to shift from the network's proof-of-work (PoW) blockchain to a proof-of-stake (PoS) blockchain. Ethereum's Beacon...
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INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...