RATE Group | Ethereum Classic (ETC) may Retest $7.80 Ahead of Phoenix Hardfork
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Ethereum Classic (ETC) may Retest $7.80 Ahead of Phoenix Hardfork

23 May Ethereum Classic (ETC) may Retest $7.80 Ahead of Phoenix Hardfork

Posted at 02:53h in Cryptocurrency News by

In brief:

  • The Ethereum Classic hardfork will happen around the 1st of June at block number 10,500,839. 
  • No new coins will be minted during the network upgrade. 
  • However, ETC might just rally to its local top of $7.80 experienced in early May. 

The Ethereum Classic (ETC) upgrade known as Pheonix, is now approximately 10 days away and has been expected to occur on the 1st of June this year. The upgrade will be triggered on block 10,500,839 and the current countdown indicates that there are approximately 62,000 blocks to go at the time of writing this.

Ethereum Classic (ETC) may Retest $7.80 Ahead of Phoenix Hardfork 14

No New Coins Will Be Issued

Many crypto traders and investors are always on the lookout for network upgrades for they is usually a high chance that new coins will be airdropped to holders of the coin as a new blockchain with a new digital asset is created. However, in the case of the ETC Phoenix upgrade, the team has clarified that there will be no new coins minted during the Phoenix upgrade. The tweet by…

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