Ethereum Classic: what are the chances of a massive breakout?

Ethereum Classic (ETC.X) is trading at $17.14, up 4% from yesterday. There is a bullish trend line forming on the ETC/USD hourly chart.

Ethereum Classic is Ethereum's fork. The announcement regarding the addition of Ethereum Classic to the Coinbase platform drew investors' attention. ETC has a surplus of $700,000 per Ethereum Classic Cooperative ’s mid-year review.

Cryptocurrency investors like Ethereum Classic's relative price stability and limited downside. In contrast to Ethereum, transactions on the ETC blockchain remain unchanged. This aspect makes the digital asset attractive to investors, and its rising demand is one of the reasons for ETC will be added to the Coinbase platform.

Ethereum Classic touts decentralization and transparency as its strong points--and SEC made a verdict the altcoin is not a security. This leaves no room for backroom deals, making it similar to the Bitcoin platform. Relative to Ethereum, Ethereum Classic is gaining in popularity.

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