🔻 $ETC —the biggest loser among the top 100 coins today, and one that hasn’t been mentioned before: −6.85% in 24h, down to ~$5.85, with a market cap of ~$940 million. Yesterday, ETC closed at $5.80—its lowest level in 52 weeks.
Bad news is piling up: ETC Cooperative—the network’s main development organization—announced that it will begin winding down operations on 11/11, raising serious questions about development funding. The Olympia upgrade remains only on paper, is projected for 2027, and has yet to be adopted by any client. On-chain activity is also very sluggish: DeFi TVL is just ~$68,000, with around 1,861 active addresses per day. On top of that, CloverPool will discontinue its ETC mining service from 20/11.
The broader market isn’t helping either: BTC is around $64,600, Fear & Greed is at 10 (Extreme Fear), and the Fed’s November Financial Stability Report shows stablecoins stalled at ~$310 billion, while 87% of surveyed experts consider AI the biggest risk.
Do you think ETC still has a chance to recover if Olympia launches on schedule, or is this a sign of a network gradually fading away? 🤔
#CryptoNews #EthereumClassic #ETC #Altcoin
📌 This is market information, not investment advice.
Bad news is piling up: ETC Cooperative—the network’s main development organization—announced that it will begin winding down operations on 11/11, raising serious questions about development funding. The Olympia upgrade remains only on paper, is projected for 2027, and has yet to be adopted by any client. On-chain activity is also very sluggish: DeFi TVL is just ~$68,000, with around 1,861 active addresses per day. On top of that, CloverPool will discontinue its ETC mining service from 20/11.
The broader market isn’t helping either: BTC is around $64,600, Fear & Greed is at 10 (Extreme Fear), and the Fed’s November Financial Stability Report shows stablecoins stalled at ~$310 billion, while 87% of surveyed experts consider AI the biggest risk.
Do you think ETC still has a chance to recover if Olympia launches on schedule, or is this a sign of a network gradually fading away? 🤔
#CryptoNews #EthereumClassic #ETC #Altcoin
📌 This is market information, not investment advice.
