Price Analysis

Ethereum Classic Price Analysis: ETC Moves Sideways for 2 Consecutive Days

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  • Ethereum Classic continues moving sideways
  • Ethereum Classic may introduce new upgrades to the platform to increase adoption

Ethereum Classic has been a high performing asset giving investors many moments of celebration in 2019. Although the coin seems to be stuck within $9 currently, the monotonous pattern may soon break to bring back the bullish trend. Ethereum Classic foundation has devoted a certain amount of money for the development of ETC platform, and now that the ETC coin is struggling with sideways movement, this may be the right time to venture into something innovative in order to gain the attention of investors once again. The current market trend looks decent.

ETC Classic Price Statistics:

Over the last 30 days, Ethereum Classic price have gone up from $5.50 to $9.80 showing an uptrend of over 78%. However, the ETC coin moved between the range of $8.27 to $7.84 in the past 24 hours and currently trading at $8.11, which shows a downtrend of over 1%. As depicted in the below graph recorded on June 6, 2019, at 04:39:05 UTC, ETC is again surging up after showing a few dips in the last 2 days.

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ETC/USD Price 1 Month Chart – TradingView

1 month ETC Price Chart - 6 June

  • ETC token is currently trading at $8.11 and 0.00104178 BTC
  • The market cap stands at $906,271,388
  • The 24 h volume is recorded at $816,011,775
  • The circulating supply of the coin is noted at 111,001,298 ETC
  • The ROI of Ethereum Classic stands at 985.28%

As shown in the graph, Ethereum Classic started gaining momentum around mid-May, and the ETC price shoots up from $5.50 to $8.52 almost in an exponential pattern. It slowed down a little before rising up to $9.87 value just with the onset of June.

Ethereum Classic Price Prediction:

ETC coin may hit the $10 mark by the end of June 2019. The currency’s all-time high of $47 may be crossed in the next two years, but it has the potential to reach around $25 by the end of 2019.

Conclusion:

ETC currency holders should sit tight and can look for increasing the long-term investments in this token for its reliability and huge returns.

Scott Cook

Scott Cook got into crypto world since 2010. He has worked as a news writer for three years in some of the foremost publications. He recently joined our team as a crypto news writer. He regularly contributes latest happenings of crypto industry. In addition to that, he is very good at technical analysis.

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