There were rumors swirling around a couple of years back that Bitmain was buying ETC and was going to start supporting ETC exclusively since ETH is switching to proof of stake. There was a slight buy up but then ot all came quiet. Maybe this time it’s for real.
If that confirms for sure there will be an explosion in prices. Today there was a setback, but it's normal after a strong appreciation. Greater adoption by the people and strengthening of the community is necessary for ETC to reach historic prices. ETC is a good alternative to ETH for people who don't appreciate the direction that ETH is heading.