{"id":15414,"date":"2021-05-14T04:43:44","date_gmt":"2021-05-14T04:43:44","guid":{"rendered":"https:\/\/emilynews.com\/blog\/?p=15414"},"modified":"2021-05-14T04:51:59","modified_gmt":"2021-05-14T04:51:59","slug":"news-commentary-1358-bitstil-wrong-classic-ethereum-and-crypto-news","status":"publish","type":"post","link":"https:\/\/emilynews.com\/blog\/?p=15414","title":{"rendered":"News Commentary #1,358 \u2013 BitStil | Wrong\/Classic Ethereum And Crypto News…"},"content":{"rendered":"

More news from BitStil<\/a> platform (reviewed here<\/a>). Ethereum and Ethereum Classic. Real and Wrong Ethereum..?! \ud83d\ude42 Both of them showed good results recently before current cryptocurrencies market DUMP.. As some experts say – the AltSeason<\/strong> is still far from to be over<\/strong>.. So that’s right to guess now, that we will see more gains in the near weeks and months..<\/span><\/span><\/span><\/p>\n

\"\"<\/a><\/p>\n

Well, news of this kind should be of interest to both HYIP \/ Crypto markets newbies and “old”, experienced investors. <\/span><\/span><\/span><\/p>\n

*Do not forget to leave your comments about BitStil<\/a> workflow at the platform’s details page<\/a> on monitor and your opinion about this crypto news here on blog.<\/span><\/span><\/span><\/em><\/p>\n

Here’s the news:<\/p>\n

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Ethereum Classic gains 300% in one week as traders rush to buy the ‘wrong Ethereum’.<\/h4>\n
\u00a0<\/div>\n<\/div>\n<\/div>\n
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The “original” Ethereum, despite its security issues, beats ETH as it ascends to USD levels never seen before.<\/div>\n
\u00a0<\/div>\n
The \u201coriginal\u201d 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.<\/div>\n
\u00a0<\/div>\n
Ethereum Classic (ETC), the pet favorite of Digital Currency Group founder Barry Silbert, is up 300% in a week.<\/div>\n
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ETC hits $180: Bull market or “casino market”?<\/div>\n
In the latest incarnation of the 2021 \u201calt season,\u201d altcoins are passing the torch between each other as investors chase optimal gains.<\/div>\n
\u00a0<\/div>\n
This year has also seen a curious shift in market focus from a token\u2019s use case to the culture around it. This was epitomized with Dogecoin (DOGE), the high flyer of 2021, which has gained over 7,000% since January.<\/div>\n
\u00a0<\/div>\n
Memes and other social triggers likewise seem to be driving progress in this week\u2019s round of breakouts, with ETC exploding in value without any noticeable changes. TEL has benefited from a successful layer-2 migration.<\/div>\n
\u00a0<\/div>\n
\u201cCasino market hypothesis,\u201d Blockstream CEO Adam Back responded during a Twitter debate about why the altcoin market was delivering such results.<\/div>\n
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As Cointelegraph reported, Back had also referred to luck of the draw as driving DOGE\u2019s rise in fortunes.<\/div>\n
\u00a0<\/div>\n
Others noted that investment in ETC, in particular, may not only be short-sighted but dangerous: in its four-year existence, its blockchain has suffered multiple 51% attacks, pointing to a lack of security and resilience which is absent from Bitcoin and the \u201cnewer\u201d Ethereum (ETH).<\/div>\n
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Price volatility was also recorded, with ETC trading at a giant 50% premium on Coinbase as prices took off on Wednesday.<\/div>\n
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Nonetheless, fans were unperturbed and appeared not to be in a hurry to exit their positions.<\/div>\n
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Silbert himself reminded Twitter followers of ETC\u2019s price journey since inception in 2016 \u2014 from $0.50 to over $180, and a three-year high against Bitcoin.<\/div>\n
\u00a0<\/div>\n
Asked if he was \u201chappy\u201d with what had happened, Silbert said that Thursday had been a \u201cgood day.\u201d<\/div>\n
\u00a0<\/div>\n
ETC is now the 13th largest cryptocurrency by market cap, having begun the year in 38th position. Spillover from increased interest in ETH is a constant topic when it comes to its legacy parent, with data from sentiment resource TheTIE showing that ETH tweet volumes surpassed those involving BTC for the first time.<\/div>\n
\u00a0<\/div>\n
“Classic” altcoins emerge from hibernation<\/div>\n
Meanwhile, Bitcoin is repeating moves of a different, less favorable kind as the week draws to a close. Having once again failed to tackle resistance at near $60,000, BTC\/USD was back at $56,000 on Friday, having dropped to lows of $55,400.<\/div>\n
\u00a0<\/div>\n
Despite the relative lack of upside, however, longtime market participants remain wholly signed up to the bull market mentality.<\/div>\n
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\u201cBTC, ETH and the whole market keep pumping and pumping, unreal,\u201d Simon Dedic, managing partner at blockchain advisory and investment firm Moonrock Capital, summarized on Thursday.<\/div>\n
\u00a0<\/div>\n
\u201cAfter 2 years of bear market, you learn to appreciate every single day of a bull market. Don\u2019t take this market for granted. Stay humble, stay thankful, stay rational.\u201d<\/div>\n
As Cointelegraph reported, many altcoins on the market longest of all have seen a return to form in recent weeks.<\/div>\n
\u00a0<\/div>\n
Join BitStil<\/a><\/span><\/span><\/span> and bring your life quality to a whole new level!<\/strong><\/div>\n
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\"\"<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

More news from BitStil platform (reviewed here). Ethereum and Ethereum Classic. Real and Wrong Ethereum..?! \ud83d\ude42 Both of them showed good results recently before current cryptocurrencies market DUMP.. As some experts say – the AltSeason … News Commentary #1,358 \u2013 BitStil | Wrong\/Classic Ethereum And Crypto News…<\/span>Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":10864,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[4189,4332,4190,4323,4402,4195,4196,4197,4192,4205,4191,4193,4206,4202],"class_list":["post-15414","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-information","tag-bitstil","tag-bitstil-crypto-invest","tag-bitstil-hyip","tag-bitstil-hyip-info","tag-bitstil-hyip-status","tag-bitstil-info","tag-bitstil-investment-plan","tag-bitstil-investment-program","tag-bitstil-news","tag-bitstil-review","tag-bitstil-scam-or-paying","tag-bitstil-update","tag-bitstil-updates","tag-https-bitstil-com-refemilynews","exalt-entry"],"yoast_head":"\nNews Commentary #1,358 \u2013 BitStil | Wrong\/Classic Ethereum And Crypto News... - EmilyNews<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/emilynews.com\/blog\/?p=15414\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"News Commentary #1,358 \u2013 BitStil | Wrong\/Classic Ethereum And Crypto News... - EmilyNews\" \/>\n<meta property=\"og:description\" content=\"More news from BitStil platform (reviewed here). 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