Ethereum Classic gains 300% in one week as traders rush to buy the 'wrong Ethereum'

Cointelegraph

Published May 07, 2021 03:45AM ET

Updated May 07, 2021 05:20AM ET

The “original” yet ironically "wrong" Ethereum and Telcoin (TEL) are leading a fresh altcoin surge this week. Bitcoin (BTC) fans are already calling time on the fun.

Ethereum Classic (ETC), the pet favorite of Digital Currency Group founder Barry Silbert, is up 300% in a week.

ETC/USD 1-day candle chart (Binance). Source: Tradingview
Tweet volume chart for BTC (green), ETH (red), ETC (blue). Source: TheTIE
BTC/USD 1-hour candle chart (Bitstamp). Source: Tradingview

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