Price Analysis

Ethereum Classic Price Analysis: ETC Rides The Bull, Price Surge Directs Towards $8.8

Ethereum Classic is experiencing a bullish trend in the market. The coin will be riding high on the crypto market chart. The currency is indicating towards a great future. The momentum of the Ethereum Classic is attracting many investors at the moment.

If the above theory turns out to be true, then the market will see a brighter morning in the coming future.

Ethereum Classic Price Current Statistics:

  • Ethereum Classic is currently traded at $8.560 and 0.00099077 BTC as on 15th June at 9:54 UTC
  • The current market rank of ETC is 18 in the global market.
  • The Market Capitalization of ETC is 952,337,329 USD
  • The 24h volume is 634,044,948 USD
  • The circulating supply is 111,230,044 ETC

ETC/USD 5-day Chart:

The ETC chart is taken from Trading View on 15th June 2019, at 09:54:56 UTC for price analysis:

Ethereum Classic Price Chart -15 June

The five-day chart of Ethereum Classic is indicating a steady improvement. On 10th June, the price escalated from $7.92 to $8.40 marking an increase of 6.10%. On 12th June, the price climbed from $8.18 to $8.69 marking an escalation of 6.15%. Yesterday, the market fell drastically, by 5.52% (from $8.72 to $8.24). Today the market has recovered from yesterday’s fall and showing a progression of 5.24% (from $8.19 to $8.62).

The upsurge in Ethereum Classic is likely to be continued for the rest of the day. In the coming week, ETC will be seen touching great numbers in the market and the portfolios of the investors.

Ethereum Classic Price Comparison:

If we compare the ETC from the beginning of the year which was at $5.45 till now which is at $8.5, then a progression of 55.90% is exhibited. The counters are likely to double itself from $5.45 in the coming months.

Ethereum Classic Price Prediction and Conclusion:

The coming months of Ethereum Classic are anticipated to give positive results. The rest of the year could be a little shaky. The short term investors are requested to diverge investment before investing.

However, the long term investment looks promising.

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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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