This currency pair symbolises the value of Ethereum Classic in Canadian Dollars, also known as the ‘loonie’. While the CAD was first introduced in 1858, ETC was founded in 2015 when the Ethereum platform was split into two different versions. The users’ community around Ethereum Classic was formed after some users would not agree to a hard form of the original coin.
Valuable trading tips for ETC vs. CAD:
There are countless factors that could affect the trading value of each of these currencies. For instance, Ethereum Classic is influenced by the levels of credibility assigned to its availability and simplicity of trading. Its value is also based on how cryptocurrency is valued in general. The Canadian Dollar’s price shifts are based on the Canadian economy, which is one of the most trade dependent in the world, with trade comprising over 65% of Canada’s GDP. It also relies on decisions made by the Bank of Canada.
Those of you who expect the value of ETC to rise may open a long position and purchase more Ethereum Classic. Learn more about this instrument and buy ETC/CAD stocks.