The ETC summit is taking place in Vancouver, Canada and in the summit, the cryptocurrency Ethereum Classic has launched their number sixth testnet. On 3rd October, the ETC’s new testnet ‘Mordor’ was introduced to the users. The project was launched by one of the most important developers of Ethereum, Afri Schoedon.
“Collaboration does not mean compromise. We are actively looking to collaborate more closely with #Ethereum and #ETH 1.x, without sacrificing ETC’s core principles.”
Terry Culver (@realetclassic), CEO of @ETCLabs #EthereumClassic Accelerator pic.twitter.com/wFClpYcdp5
— Ethereum Classic (@eth_classic) October 3, 2019
The 5th testnet of Ethereum Classic ‘Morden’ has been totally outmoded and it was enlisted in the Atlantis Upgrade (ECIP-1051), it was enlisted in September. The previous testnet like Astor, Nazgul, Morden, Kotti, and Kensington are still running and secured by some of the clients. As the Morden became outdated and Morder is launch will a refreshing replacement on the network and for the customers too.
CyberMiles is now at ETC summit and discussing with the ETC community developers on the cooperation on the next generation virtual machine! Great progress made!#etc #etcsummit #virtualmachine #blockchaintech #cryptocurrency #ethereumclassic #EVM #developer #longcrypto #CMT https://t.co/s5aimJBRPB
— CyberMiles (@cybermiles) October 4, 2019
Current Status of Ethereum Classic: Currently, the currency is ranking on the 20th position in the market. The currency trading at the value of $4.61 and it is decreasing by 0.75%. The currency is trading at 0.00056418 BTC against Bitcoin and it is increasing by 0.81%. The market capitalization of the currency is $525,103,477 and the 24-hour volume is $421,131,824. The circulating supply is 113,975,925 ETC.
Great presentations at #ETCSummit. Our #ETC ecosystem is objectively the ONLY TOP 100 #cryptocurrency and #dapp platform in rampant grassroots growth. Watch the #ETCSummit today to ensure you're not caught by surprise in 2020. #blockchain
— Stevan Lohja (@stevanlohja) October 3, 2019
On the other hand, the candlestick chart of the pair of ETC/USD that the currency is showing the bearish action and the currency’s value is going down because the sellers are in action. The RSI of 14 periods is at the level 28.57 which that the currency is still in the oversold area. If the currency goes upward then there is resistance new the value of $5.557 and the main support level lies around the value of $4.525. After the 28th September, the Ichimoku Cloud is in the green area it indicates bull rally might soon come in the value of ETC.