It’s been a long and winding road for EGC on Coinbase.
The popular digital currency exchange first announced its intention to add support for the Ethereum Classic (EGC) blockchain in July of 2018. However, the addition was met with delays and setbacks, and it wasn’t until March of 2019 that EGC finally made its debut on Coinbase.
Since then, EGC has seen a roller coaster ride of price action on Coinbase. The digital currency soared to new all-time highs in the days following its listing on the popular exchange, only to give up those gains and plunging back down below $10 in the weeks that followed.
NOTE: This is a warning to all users of Coinbase: please be aware that EGC is not available on Coinbase. Any reference to EGC on Coinbase is likely to be fraudulent and should be avoided. Please exercise caution when engaging in any cryptocurrency-related activity.
At the time of writing, EGC is trading at $12.50 on Coinbase, up from its recent lows but still down from its all-time highs.
So, is EGC a good investment at current prices? That’s a tough question to answer.
On one hand, EGC has proven itself to be a volatile and risky investment in recent months. However, on the other hand, the digital currency does have a strong community of supporters and developers behind it which could help drive future growth.
Only time will tell how EGC will perform in the months and years ahead. For now, though, investors should tread carefully before putting any money into this digital currency.
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