Unlike Ethereum Classic, Bitcoin Gold might not have a fundamental driver to explain its move up.
What happened
Cryptocurrency Ethereum Classic (ETC 5.34%) is having a week to write home about. According to CoinMarketCap, Ethereum Classic is up 72% over the past seven days, and it's likely because of upcoming changes to Ethereum (more on that in a moment).
Interestingly, Bitcoin Gold (BTG 6.46%) is also up big over the past seven days: 47% as of this writing. But this Bitcoin alternative doesn't have a clear catalyst like Ethereum Classic.
So what
This week's outsize moves from Ethereum Classic and Bitcoin Gold are interesting considering they're both hard forks -- of Ethereum and Bitcoin, respectively.
Cryptocurrencies are decentralized. Private, independent parties volunteer their computers for the blockchain network. However, if developers tweak the code, miners or validators could choose to keep using the old code and no one could stop them -- a fork. Moreover, developers could...
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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...