ECC has been around since 2014 and was more or less dead for a long time. It has recently been revived and is picking up momentum and users. More exchanges are needed to smooth things out a bit but, that will come in time. A new wallet is due today or tomorrow now that the coin is actively being developed again.
So the price spike is due to the coin taken over by CryptoUnited just a few days ago? Why is the thread so long then?
I wonder what exchanges you had before being added on CoinExchange, that resulted in a price lower than 1 sat?
No, the coin was taken over by Griffith in August, 2014. The guy who created it pro-mined it and let it go. One of the reasons was that the code was full of errors and the chain was forking all the time.
Griffith took it over and started to repair the wallet. As you properly know any coin that is taken over has all kind of problems because people are angry.
It took 3 years to repair the wallet AND find a good purpose for the coin.
Now Griffith ( yeah the same one that is already 3 years with the coin) has done testing and improving the File Storage on the Blockchain and he made his new plan known. This has generated new interest in ECC.
Especially because the direct competition with the same qty of generated coins and also doing the file storage is going for around 535 Sat at the moment.
Wow, memory fades fast! Now that you mention it, I do remember Griffith taking this on and, several others.