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Ethereum Classic's Volume Has Fallen 99% From Its Peak
Ether classic's (ETC) trading volume has fallen more than 99% from its all-time peak earlier this summer.
Classic ether (ETC) trading volume has now fallen more than 99% from its peak over the summer.
STORY CONTINUES BELOW
The digital currency, which powers the alternative ethereum blockchain, ethereum classic, came into existence in July amid a stream of enthusiasm. However, data suggests these high hopes have now fallen off.
data reveals 24-hour trading volume repeatedly fall below $600,000 today, a figure that represented less than one-half of 1% of its all-time high of $155m reached on 3rd August.
Yet, the tepid trading volume represents a mere glimpse of the low transaction activity ethereum classic has experienced lately,
Over the last several weeks, 24-hour volume has repeatedly fallen below $600,000, even dropping to less than $150,000 on 20th November.
Faucet image via Shutterstock
Charles Lloyd Bovaird II
Charles Lloyd Bovaird II is a financial writer and editor with strong knowledge of asset markets and investing concepts. He has worked for financial institutions including State Street, Moody's Analytics and Citizens Commercial Banking. An author of over 1,000 publications, his work has appeared in Forbes, Fortune, Business Insider, Washington Post, Investopedia and elsewhere. An advocate of financial literacy, Charles created all the industrial finance training for a company with more than 300 people and spoke at industry events across the world. In addition, he delivered speeches on financial literacy for Mensa and Boston Rotaract.
