Ethereum Classic Price Analysis: ETC Marks Moderate Recovery; Intraday Could Hit Big Counters

Ethereum Classic experienced a blow in the chest during yesterday’s fall. The coin was behaving well from the past few days, but still, it had to face the market pressure too. The coin has again caught up with the momentum and is indicating that the intraday traders wouldn’t be returning empty-handed. ETC has never failed the trust of the traders. The coin is at the 20th position in the list of top cryptocurrencies, and the same has been maintained due to the perfect momentum.

Current Statistics of Ethereum Classic:

  • The price of Ethereum Classic is trading at 5.830 USD.
  • The 24-hour volume of ETC coin is marked as 529,382,656 USD.
  • The Market Cap is noted as 658,833,857 USD.
  • Circulating Supply is around 112,591,004 ETC.

ETC to USD Price Comparison:

The ETC price chart is taken from TradingView on 10th August 2019 at 03:22:29 UTC.

Ethereum Classic Price Analysis: ETC Marks Moderate Recovery; Intraday Could Hit Big Counters
ETC Price Prediction
ETC Price chart by Tradingview

Looking at the above chart, we can clearly see an uptrend and then downfall. On 8th August, the coin opened with an upsurge of 2.03% as price went up to $6.050 from $5.930. The next uptrend took the price from $5.932 to $6.194 by 4.42%. Further, the ETC price again escalated from $5.985 to $6.140 by 2.59%. The intraday escalation was of 1.42%. However, yesterday, the Ethereum Classic price slipped from $6.013 to $5.832 by 3.02%. The significant drop took the price from $6.013 to $5.778 by 3.91%. The coin further recovered and closed at $5.832. Today, the currency escalated from $5.832 to $5.903 by 1.22%.

Ethereum Classic Price Prediction and Conclusion:

According to ETC price forecast, the coin is expected to hover around $10 by the end of 2019. Ethereum Classic is recommended for long-term investors. It will bring a massive amount of return on the investment.

Mehak Punjabi

Mehak Punjabi is a post graduate in MBA with specialization in Finance and has joined CryptonewsZ with a skill building view in the world of cryptocurrency and blockchain. She is dynamic and a quick learner with a hold on financial analysis.

Related Articles

Back to top button