Price Analysis

Ethereum Classic (ETC) Price Analysis: ETC Looks Bullish Now After a Continuous 30-Day Downtrend

Ethereum Classic is a blockchain based platform empowering the use of digital financial assets globally. It is a decentralized system built of communities and networks who would be interested in making transactions without any middlemen. The platform provides full autonomy to its users along with full anonymous status. Forking off from Ethereum, the open source crypto is believed to have more potential than the former in terms of sustaining the volatility of the crypto world. Moreover, the technology team of the crypto is taking giant strides towards the introduction of new & advanced features enabling the development of dApps faster and easier by the integration of better technologies.

Ethereum Classic (ETC) Price Analysis: ETC Looks Bullish Now After a Continuous 30-Day DowntrendCurrent Statistics

As on April 30, 2019 at 10:59:02 UTC, the market cap of the coin is recorded at $621,772,454 USD, the price is $5.65 USD & 0.00108031 BTC and 24 h volume is $469,641,769 USD. The ROI is noted as 650.84%, circulating supply of the coin is equivalent to the total supply which is 110,097,496 ETC, and the maximum supply is 210,000,000 ETC. According to the top 100 cryptocurrencies list of the CoinMarketCap, ETC is ranked at the 17th position tailing Tezos.

Comparison

The coin has reported an upward trend of over 17% in the last 30 days. As on April 01, 2019 at 06:04:01 UTC, the market cap of ETC was $525,341,188 USD, the price was trading at $4.80 USD & 0.00117508 BTC and the 24 h volume was $149,556,319 USD. In the first week of April, the price reached as high as 7.92 USD while the lowest was recorded at 4.80 USD. The pattern has almost been the same in the last 7 days as well with the highest price being 6.13 USD & lowest being 5.30 USD.

Prediction

The team of Ethereum Classic comprises of a set of determined enthusiasts who believe in the crypto and would like to steer it towards a bullish surge. The coin is regarded as the future of the Internet of Things (IoT). In 2018, the crypto partnered with Foxconn to promote its incubator project, ETC labs. Recently, Google’s BigQuery platform has added its support to the crypto along with few other cryptocurrencies trading in the market. ETC might not have cracked the code to attract retail investors yet, but the coin has positioned itself securely in the market and is making continuous progress despite the recent downtrend. By the end of 2019, the coin can be priced between 5 USD to 9 USD. From a 2 year perspective, the price can increase as much as 20 USD, and if it survives the wave, in 5 years, the price can reach up to 50 USD.

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Roxanne Williams

Roxanne Williams has recently joined as a market reporter for CryptoNewsZ - the 24/7 crypto news site, where she produces recent stories, technical analysis and price updates on world's leading cryptocurrencies.

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