Ethereum Classic Labs to launch Cohort II of its Accelerate program, price continues to move sluggishly

  • The program will focus on technical direction, product development, regulation, sales strategy and more.
  • Cohort 1 was conducted with 11 blockchain companies, which involved several prominent guest speakers.

An incubator investing in the future of Ethereum Classic (ETC), “Ethereum Classic Labs” started the first cohort of its 'Accelerate' program earlier this year. The program focused on guiding, funding and educating blockchain companies that are offering services and products based on Ethereum Classic. 

The incubator announced that it's currently reviewing more Ethereum Classic startups to be a part of Cohort II, which is expected to start in the third quarter of 2019. The three-month Accelerate program focuses on a structured curriculum that will mentor and educate startups on technical direction, product development, legal, regulation, positioning, go-to-market strategy, community development, sales strategy, investor pitches and business modeling. After the completion of the program, all participant teams will be welcome to continue-on as alumni. They can attend a bi-annual all-hands and an annual in-person meeting. 

Cohort I highlights

The first cohort consisted of 11 blockchain companies and the program included a combination of funding, mentorship, facilities, entrepreneurship workshops, and development resources. Cohort I was also had special guest speakers from prominent legal, compliancy, entrepreneurship, investors, and product designers to impart resources essential to structure, build and grow successful blockchain firms. Participant projects included - Button Wallet, EtherNode, Cryzen and Monetizr.

ETC/USD daily chart


The daily chart shows that ETC/USD is priced at $5.98, following three straight slightly bullish sessions, which are consolidating in a flag formation. The 20-day simple moving average (SMA 20) curve has taken a turn and is about to cross with the SMA 200 curve, which is a bearish sign. The moving average convergence/divergence (MACD) indicator shows bullish momentum while the Elliot oscillator shows 13 straight bullish sessions.

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.

Cryptos feed

Latest Crypto News

Latest Crypto News & Analysis

Editors’ Picks

Bitcoin adoption accelerates as coiling prices hint at explosive rally

Bitcoin price faces a stiff resistance wall that has prevented weak bullish momentum from passing through. As a result, a short-lived retracement has caused a majority of the market to follow suit despite BTC’s raging adoption and interest from institutions over the past week.

More Bitcoin News

VeChain upswing thwarted again as sell signals multiply

VeChain price shows an ambiguous outlook as it has set up a textbook uptrend with a series of higher highs and higher lows, but technical indicators hint at a downtrend.

More VeChain News

Judge reaffirms order SEC must produce documents on Bitcoin, Ether and XRP in Ripple case

Judge Sarah Netburn has restated that the Securities and Exchange Commission (SEC) must produce documents related to Bitcoin, Ether, and XRP amid the ongoing legal battle with Ripple Labs.

More Ripple News

Polkadot Price Prediction: DOT hints at minor retracement before resuming its rally

Polkadot price shows a slowdown in its bullish momentum that has resulted in sellers taking over. Now, a minor retracement could push DOT into a significant support barrier.

More Polkadot News


Bitcoin Weekly Forecast: Markets revert to mean, but BTC price remains indecisive

Bitcoin price shows considerable strength after springing from the recent crashes. Still, it is uncertain whether the current bullish impulse will morph into a new uptrend or lead to a more profound decline.

Read the weekly forecast