- Ethereum Classic (ETC) touches a new high.
- The coin experiences the bullish trend.
Ethereum Classic (ETC) is experiencing a bullish trend from the past few weeks. The reason behind the same is Coinbase announcement. After the news broke that Coinbase would be listing Ethereum Classic (ETC), the market spiked the price of ETC.
Until now, Coinbase never uses to discuss the listing before a day ahead. The change in pattern adopted by Coinbase skyrocketed the price of Ethereum Classic (ETC). However, some analysts believe that the coin started its bullish trend before Coinbase announcement was made.
Let’s have a look at the charts of ETC.
Ethereum Classic (ETC) Statistics:
As on 28th May 2019, at 06:46 UTC, the Trade View chart is given below:
|Circulating Supply||110,782,378 ETC|
|Market Cap||909,831,537 USD|
|24 hr Volume||882,747,004 USD|
Ethereum Classic (ETC) charts of the last two months have been unpredictable yet result giving. On 6th April 2019, ETC price spiked and touched a high of 9.48 USD. However, the price suffered an immediate drop and took more than a month to recover. Ethereum Classic (ETC) started climbing the ladder from 14th May 2019. The prices continued to show an upward trend since then. From 14th May till 28th May the price of Ethereum Classic (ETC) progressed by 24%, which is a remarkable improvement in the cryptocurrency market.
ETC Price Comparison:
At the beginning of the year 2019, ETC was at $5.04 and now it at $8.30. If one compares the charts from January 2019 till now, then it would clearly show that ETC has almost doubled itself in just five months.
For a more unobstructed view, let’s compare the charts for last one month. On 3rd May 2019, ETC was dealing at $6.08 and as on 28th May 2019, at 07:07:36 UTC, the coin is at $8.30. There is an improvement in the price of ETC coin by 36%.
ETC Price Prediction and Conclusion:
Marketers and investors are gazing at the ETC charts after the Coinbase announcement. Many believe that ETC will cross the three digits in 2019 itself.
However, after going through the charts and analyzing the price, we anticipate that the price would float between $90 – $100 in 2019. In the next two to three years, ETC can touch $250.
We would like to recommend the investor to invest in ETC with a long run picture in mind. The coin will definitely result well.
Diversifying the investment is always a good option in the cryptocurrency market, as it tunes down the risky with a large gap.