Ethereum Classic (ETC) has rocketed in price to new all-time highs as the altcoin’s hard fork deadline next month nears.
Following increased enthusiasm at a recent developer conference in Hong Kong, ETC hit $34 in trading Tuesday after news of “significant changes” became mainstream.
The move represents near-50 percent growth in 24 hours, ETC’s best performance to date and a signal to traders that momentum is building to ‘copy’ Ethereum’s (ETH) own push past all-time highs.
Previous ETC highs had faltered at around $23 and a period of reduced public activity from major proponent Barry Silbert had led to several months of flat growth activity.
Silbert has since returned to modest updates on Twitter, confirming a new price record as the $24 levels came and went earlier today.
In addition to the technical improvements planned for ETC, developers also announced the departure of Bitnovosti from the project as they now consider it “self-sustaining.”
“Bitnovosti has decided to leave Ethereum Classic, this was always a part of their plan, get us setup, be our lightening rod, and then step back once we were self sustaining,” a Reddit post reads.
“With three development teams, a passionate community, the ETC Cooperative, our first summit, and wide exchange adoption I’d say we’re there.”
The hard fork meanwhile will deliver a “stable coin supply” and stealth addresses to ensure transaction privacy, an announcement states this week. The event is due to take place Dec. 12.
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