Cryptocurrencies made another U-turn; prices are moving higher after a considerable downside volatility in January. The digital currencies bounced back more than 50% in the last two weeks, while some of the aLTCoins have outperformed Bitcoin (available on Coinbase) in price appreciation. Ethereum (available on Coinbase) Classic (ETC) has been witnessing a sTron (available on Binance)g uptrend over the last two weeks. The aLTCoin price soared 200% since hitting the lows of $14 on February 6. ETC price rallied more than 20% in today’s trading. The aLTCoin is currently trading around $40, just shy of the all-time high of $46 it hit in late December.

Source Image: coinmarketcap.com

Though the broader rally in cryptocurrency prices provided support to ETC, lower than expected regulatory actions from the South Korean government has added significantly to this aLTCoin price.

Ethereum (available on Coinbase) Classic gets the majority of volume from South Korean markets – Korean exchanges such as Bithumb and Upbit accounts for 19% and 13% of the total volume. However, investor’s strategy to diversify their cryptocurrency portfolio with the addition of emerging aLTCoins continues to generate substantial volume for Ethereum (available on Coinbase) Classic from exchanges such as OKEx.

Ethereum (available on Coinbase) Classic Is High, but NEM, Stellar and Cardano are in the Red

Source Image: firefoxusercontent.com

NEM coin (NEM) has been among the most significant laggards in cryptocurrency space. The theft of $530 million of NEM coin from Japanese Coincheck exchange significantly impacted its price.

The coin struggles to break the trading range of $0.55 over the last two weeks. NEM price declined more than 2% in Monday trading, amid the news that hackers converted about $84.7 million of the loot into other virtual coins – the majority of trades were made on dark-web.