The LUNC rise is being fueled in part by the excitement surrounding Terra Classic's new token-burning feature and staking service.
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Since September 6th, Ethereum Classic has decreased by 13%, while Cardano's founder Charles Hoskinson advises miners to switch to Ergo. Vitalik Buterin, the founder of Ethereum, promotes the ETC mining community.
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Tom Dunleavy, an analyst, believes that despite the interest of miners, Ethereum Classic is unlikely to have any long-term viability.
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