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Price Analysis

Ethereum Classic Price Analysis: Ethereum Classic (ETC) price drops to $5.5 mark

Ethereum Classic seemed to behave adversely to the market trend. Well, it looks like it has finally come around. Today, many of the coins are falling, and Ethereum Classic is one of them.

The coin has a high prospect of profit in the coming time. Investment in Ethereum Classic wouldn’t go futile. The coin might be a setback for the intraday traders today.

ETC to USD Price Comparison:

ETC Price Chart - 17 Aug 2019
ETC/USD Price Chart

Yesterday, the coin opened with a fall of 3.16% as the ETC price slipped from $5.638 to $5.460. There was an improvement in the Ethereum Classic, which took the price to $5.580 from $5.460 by 2.22%. The currency formed a double top image at the same level. However, the coin closed with a loss of 1.29% at $5.567. Today, the coin started with an upsurge. ETC price changed from $5.567 to $5.597 by 0.53%. Later, the price of the Ethereum Classic fell to $5.502 from $5.597 by 1.70%.

Current Statistics of Ethereum Classic:

  • The price of the ETC coin is 5.52 USD.
  • ROI (Return on Investment) is marked as 631.96%.
  • The 24-hour volume is marked as 412,528,801 USD.
  • The Market Cap is noted as 620,995,691 USD.
  • Circulating Supply has 112,768,043 ETC.

Ethereum Classic Price Prediction:

ETC coin has shown remarkable potential in the last couple of days. The chart is also showing a double top image which directs towards the upcoming upsurge in the coin. We are anticipating that the coin would soon rise and embark the upsurge. Ethereum Classic would best be suited for long-term investors. The given period would bring huge profits for the traders.

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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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