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Suddenly Ethereum Classic Price Explodes 25% on South Korea Rumors

August 23, 2017, 4:26 pm

South Korea has made a big entry into the scene with their trading volumes some of the highest out of all exchanges while price premiums today reached an all-time high of $100 for ethereum. It's a country of around 50 million residents with a GDP of $2 trillion, seems to have taken a disproportionate interest in ethereum with their main exchange, Bithub, handling more volume than Coinbase’s GDAX.

South Korea has made a big entry into the scene with their trading volumes some of the highest out of all exchanges while price premiums today reached an all-time high of $100 for ethereum. It's a country of around 50 million residents with a GDP of $2 trillion, seems to have taken a disproportionate interest in ethereum with their main exchange, Bithub, handling more volume than Coinbase’s GDAX.

Suddenly  Ethereum Classic Price Explodes 25% on South Korea Rumors

Ethereum’s transaction levels

                     Ethereum’s transaction levels have reached a new high of 187,000, which is getting close to bitcoin’s current transaction levels, in a sign that suggests its use is increasing considerably in line with its rising price. It has doubled in price over the past few days, further rising this year from around $10 to now trade at $212, an astonishing rise with its market cap now standing near $20 billion, higher than bitcoin’s market cap just last month.

Suddenly  Ethereum Classic Price Explodes 25% on South Korea Rumors