The native token of the original Ethereum blockchain, Ethereum Classic (ETC), is rallying, rising nearly 50% in a day, outperforming Ethereum (ETH) despite its 'institutional evolution'.
ETC, currently the 16th coin by market capitalization, is up by 47% in a day (7:20 UTC), almost reaching USD 79. It surged 134% in a week, and 444% in a month. Overall, in the past year, it appreciated 968%. Earlier on May 5, it hit an all-time high of USD 83.78.
Meanwhile, ETH is down by almost 3% in a day, while it appreciated more than ETC only in the yearly time frame, and by a substantial amount - ETH is up 1,465% in the past 12 months.
ETC's 24-hour trading volume also jumped significantly, from USD 1.2bn on May 3, to USD 11.15bn on May 4, and USD 13.54bn recorded so far today - landing the coin on the 7th place by this metric. ETH is ranked 2nd, with USD 73.7bn today.
Original Ethereum Outperforms ETH Despite Its 'Institutional Evolution'