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Benzinga
Benzinga
Business
Melanie Schaffer

Ethereum Classic Soars As Ethereum Approaches Merge: What's Happening?

Ethereum Classic (CRYPTO: ETC) was showing strength in comparison to many other cryptos Wednesday, surging up about 7% at one point, compared to Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH), which were trading near flat.

Ethereum Classic may be showing strength ahead of Ethereum’s Merge, which takes Ethereum from proof-of-work to proof-of-stake, with one of the aims of lowering its environmental impact.

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