Ethereum Classic Price Analysis: ETC May Take 2 Months To Start Trading At $10

  • ETC moves from $6.09 yesterday to $5.93 today recording 2% dip
  • ETC needs to break the $7 chains and trade above it

Ethereum Classic (ETC) has a bigger challenge to conquer now and that it to move past $7 over the weekend. The coin may start trading above $6 from next week onwards but it has to head towards better targets in order to make a lasting impact on the everyday investors and traders. The firm is focusing on the development of platform to offer unmatched services but the question now is whether it’ll be enough for the coin to move beyond $10. The coin’s current market performance does not give away much.

Ethereum Classic Current Statistics:

ETC has been on a topsy turvy ride in the last 5 days but the coin has been moving like a pendulum between $5 and $6. It started trading at $5.91 five days ago but soon picked up pace to rise from $5.55 to $6.09. ETC has again fallen from $6.09 to its current value at $5.93 as on August 1, 2019 at 04:20:15 UTC recording a downtrend of over 2% since last few days.

ETC Price Chart

  • The price of ETC token is noted to be $5.93 and 0.00059377 BTC
  • The market cap of the coin is $668,724,590
  • The 24 h volume of the coin is $445,845,618
  • The ROI of the coin stands at 690.89%
  • The circulating supply of the coin has reached 112,370,136 ETC

The highest recorded value of ETC token yesterday was $6.09 and it may move up again to cross $6 by the end of the day.

ETC Price Prediction:

ETC may not have depicted any growth trends in the last month but it may start doing it now. The coin is highly profitable and it just needs a good push to start behaving bullish. ETC may rise up to $10 in the next 3 months and then it is no looking back for this coin as it crosses $15 by the end of the year. The coin may start trading above $47 in the first half of the next year.

Conclusion:

This is a good time to plan long term investments in the ETC token.

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.

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