Ethereum Classic Hashrate Touches New AllTime High

Ethereum Classic has been seeing some of the largest growth with the news of the Ethereum Merge. Where other cryptocurrencies were seeing single-digit gains, Ethereum Classic had seen double-digit gains that pushed its price well past the $40 mark at one point. Through all of the excitement of the mid-August market recovery, Ethereum Classic had seen tremendous support from the crypto market. As its gains rose, so did the activity on the network, and the hashrate quickly hit a new all-time high in mid-August. However, the gains had begun to shed, and ETC had lost its footing in the $40 territory, now trending just above $30. Despite this, the activity on the network has not slowed.