ETC (Ethereum Classic) rose 16.89% in the last 24 hours.

Gate News Bot message, July 18, according to CoinMarketCap data, as of the time of writing, ETC (Ethereum Classic) is currently priced at $22.82, with a rise of 16.89% in the last 24 hours, peaking at $22.70 and dropping to a low of $17.78, with a 24-hour volume of $331 million. The current market capitalization is approximately $3.485 billion, an increase of $504 million compared to yesterday.

Ethereum Classic is a decentralized smart contract platform aimed at preserving the original vision of Ethereum. ETC positions itself as a foundational smart contract platform for the future by combining Ethereum’s technology with Bitcoin’s philosophy. It adheres to the principle of “code is law,” resists contract censorship, and is committed to maintaining true decentralization and security. ETC provides developers with an environment to build unstoppable applications, uniquely preserving its original vision while other chains may be influenced or compromised by special interests.

Important news about ETC recently:

1️⃣ Market sentiment recovery drives ETC price rise The price of ETC has seen a significant rise of 16.89% in the past 24 hours. This strong performance reflects an improvement in the overall sentiment of the cryptocurrency market, with investor interest in crypto assets such as ETC clearly increasing.

2️⃣ ETC adheres to the decentralized concept to attract developer attention Ethereum Classic continues to uphold the principle of “code is law” and is committed to providing a truly decentralized and censorship-resistant smart contract platform. This firm stance attracts developers and users who pursue pure blockchain ideals, injecting momentum into the development of the ETC ecosystem.

3️⃣ Volume significantly rises ETC 24-hour volume reached 331 million USD, indicating a significant increase in market participation. The rise in trading activity is often seen as a sign of growing investor confidence, which may further drive prices up.

From a technical perspective, the ETC price has broken through recent resistance levels and is exhibiting a short-term upward trend. However, investors still need to closely monitor the overall trends in the cryptocurrency market, as well as the future technical development and ecosystem construction of Ethereum Classic.

This message is not an investment advice, and investors should be aware of market volatility risks.