Published
5 years ago on
July 24, 2018
“Per our public process for adding new assets, we will now begin the engineering work for supporting Ethereum Classic. As part of this process, customers can expect to see public-facing APIs and other signs that the asset is being added. When we reach the final testing phase of the technical integration, which we expect to occur over the next few months, we will publicly announce a launch date for trading via our blog and Twitter.â€You can see the full post for yourself, here. In short, we don’t know when it will go live, but we expect it will be in the next month, given that Coinbase are already working on it. Now, let’s tie this in with the idea of a looming bull run and honestly, something very special could be about to happen here. Please do bear in mind that this is just speculative. If you choose to invest, do so based on your own prior research. During historic market surges, Ethereum Classic has seen gains of 107% and 341% (recorded recently, during the cryptocurrency boom at the end of 2017). This hits an average price surge of 224%. Based on the current price of Ethereum Classic, at $16.48, a 224% price surge would see its value reach around $53.50. If Coinbase list Ethereum Classic during such a surge, and Ethereum Classic see’s a similar surge to that of Bitcoin Cash during the initial listing, then a total price of $100.00 for Ethereum Classic really isn’t so unrealistic. Now of course, this depends on absolutely perfect conditions and thus, we can’t guarantee any of this. We do however believe that if the markets do swing upwards, the eventual Coinbase listing of Ethereum Classic will have great consequences. Remember though, this could change in an instant. This isn’t investment advice, it’s just an optimistic outlook.
