Over the past week, the Ethereum Classic rate has grown by 40%, what became a trigger?

Over the past week, the cost of the Ethereum Classic altcoin has increased by 40%, representatives of the crypto community associate this dynamics with several events in the crypto world.

Over the past 7 days, the Ethereum Classic has risen from approximately $ 5.50 to $ 7.30. ETC currently ranks 16th in terms of market capitalization, following the Dash altcoin.

It is assumed that one of the triggers for the growth of the Ethereum Classic rate is Atlantis hard fork, which is scheduled for September 13 at block 8,772,000. Hard fork aims to improve the security of the ETC network, its compatibility with ETH and overall functionality. Recall that last January the network survived the 51% attack, so the solution to the issue of improving security is more relevant than ever.

Yesterday it became known that the London investment group North Block Capital joined the organization of developers of ETC Labs. This means that North Block Capital plans to use the ETC blockchain in its activities, and the team of ETC developers will help it in every way. It is known that ETC will support a London company on the way to its entry into the Asian market. So, we can say that this promising partnership could also become a trigger for the growth of ETC.

In addition, an annual ETC summit will be held in Vancouver, Canada on October 3-4. It was previously noted that in anticipation of this event, the ETH rate is showing growth.