Ethereum Classic is a result of Ethereum fork which, ironically, comes from a decision to try to restore the lost money in DAO?
In a message released by ETC promoters made it clear on the new crypto is not to repay the DAO investors.
Learn more about the Ethereum Classic: Github ETC
Ethereum classic had a breakthrough in Exchanges:
At the time of writing this article on 26 July 2016, it has been a huge increase in the price and volume of ETC trading at 0.00362000 BTC (USD 2.37), up 331.36% on the exchange Poloniex. During the day ETC crossed ETH volumes with ETC volumes 82015.143 57748.153 BTC and ETH in BTC. ETH has seen its price fall by 5.31% and was traded to 0.01855870 BTC (USD 12.17).
ETC found support for a large part of the industry cryptocurrency
ETC found support in some major Exchanges the Bitfinex, Poloniex, Kraken. Reddit SkubaStewart the User posted That Is Bitfinex shouldnt list ETC on Wednesday, 27 July 2016.
MinerGate also began to encourage the users to mine ETC, "This decision was taken from a deep conviction that Ethereum could thrive without manual actions first, as officially declared by our CEO, Claude Lecomte in Cryptocoinsnews.com week past. with this in mind, MinerGate could not miss the opportunity to encourage the development of the original intact Ethereum Blockchain.Therefore, we encourage our users to host this cryptocurrency, and consider their mining, along with the "mainstream" Ethereum and CryptoNote coins. "This kind of support for exchanges and mining operations, certainly of a new lease of life for ETC.