Ethereum Classic Price Surges 20% as Coinbase Integrates ETC

Coinbase has unexpectedly announced on its home blog and through twitter that it will be integrating Ethereum Classic over the next few months to be listed sometime in September causing the price of ETC to gain dramatically.
Coinbase Announces Integration of Ethereum Classic
Ethereum Classic like almost every altcoin has been a downward trend over the last 30 days losing over 15% but Coinbases public announcement that it would list the token has bought the speculators out and sent the price