RATE Group | Here’s Why One (And Only One) Major Cryptocurrency Is Soaring Today — The Motley Fool
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Here’s Why One (And Only One) Major Cryptocurrency Is Soaring Today — The Motley Fool

07 Aug Here’s Why One (And Only One) Major Cryptocurrency Is Soaring Today — The Motley Fool

Posted at 04:50h in Cryptocurrency News by

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It’s been a relatively quiet market day for major cryptocurrencies, but one digital coin is beating all comers anyhow.

Ethereum Classic tokens saw their value surging as much as 13.7% higher on Monday, according to data from Coinmarketcap.com. The peak value still stopped 59% short of January’s all-time highs, but the move still stands out because nine of the 10 largest crypto-coins traded lower today. Ethereum Classic is knocking on the door to that elite group, rising from the 13th-largest cryptocurrency by total market cap to the 12th spot today.

The two-year-old spinoff from the better-known Ethereum blockchain is rising on the news that trading platform Robinhood Crypto just added support for the coin.

Man in a red shirt stands on a highway leading up to a big question mark in the sky. On the pavement, the word Cryptocurrency is written.

Image source: Getty Images.

What does this mean?

Robinhood Crypto is the cryptocurrency trading arm of online stock broker Robinhood Markets….

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