Ethereum Classic's Volume Has Fallen 99% From Its Peak

NEWS
Charles Bovaird
Dec 8, 2016 at 21:01 UTC  |  Updated  Dec 8, 2016 at 21:06 UTC

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Classic ether (ETC) trading volume has now fallen more than 99% from its peak over the summer.

The digital currency, which powers the alternative ethereum blockchain, ethereum classic, came into existence in July amid a stream of enthusiasm. However, data suggests these high hopes have now fallen off.

CoinMarketCap data reveals 24-hour trading volume repeatedly fall below $600,000 today, a figure that represented less than one-half of 1% of its all-time high of $155m reached on 3rd August.

Yet, the tepid trading volume represents a mere glimpse of the low transaction activity ethereum classic has experienced lately,

Over the last several weeks, 24-hour volume has repeatedly fallen below $600,000, even dropping to less than $150,000 on 20th November.

Faucet image via Shutterstock

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