The ETC/EUR currency pair tracks the exchange rate between Ethereum Classic, a cryptocurrency founded in 2015 following a split in the Ethereum community, and The Euro, the official currency of the European Union. The Euro is a popular reserve currency and widely traded around the world.
Things to consider when trading ETC vs EUR:
Some factors to keep in mind include the credibility level of the ETC, which is very much based on its availability, ease of trade, and the value of other well-known open-source blockchain cryptocurrencies. Traders should also follow decisions of the European Central Bank and the European Commission, as well as major shifts in the economies of the eurozone, also known as the euro area, which represents 19 of the 28 EU member countries.
Trading the ETC/EUR currency pair should be conducted based on what each trader believes will become of the Ethereum Classic value against the Euro, and short or long options should be opened accordingly. Add this instrument to your portfolio and trade ETC/EUR.