Ethereum Classic Price Analysis: Ethereum Classic Brings Focus Back on Decentralization to Kindle Growth

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  • Ethereum Classic’s astute focus on decentralization
  • ETC token may close the week trading between $5 and $7

Ethereum Classic has taken a long time to reach $10 and heads towards bigger targets, but it may happen very soon now as the firms are focusing fully on making decentralization a reality. The users of the platform have already started promoting and preferring ETC even above BTC sometimes, and this has benefitted the crypto massively to form a strong ground. The current market performance of ETC token gives steady trends between $5 and $7 and this may change to $7 and $10 very soon.

Ethereum Classic Price Statistics:

This has been a bumpy ride for Ethereum Classic without much of the movement from the crypto. The week started with ETC (ETC to USD) trading at $5.19, but then it quickly picked up speed to rise as high as $6.17. The coin dropped to trade at $5.26 after trading around $6 for some time. It surged as high as $5.92, slumped back again at $5.47 and then again surged to $6.07. There has been an uptrend of over 14% in the last five days by ETC rising from $5.19 to its current value at $5.94 as on July 19, 2019, at 05:09:51 UTC.

Ethereum Classic price chart - july 19

  • The current trading ETC price is noted to be $5.94 and 0.00056394 BTC
  • The market cap of the coin has reached $668,170,372
  • The 24h volume is now $607,058,162
  • The ROI of the coin stands at 695.31%
  • The circulating supply of the coin is 112,052,698 ETC

ETC closed the day trading at $6.05 yesterday, and the highest value was recorded at $6.09. The value may rise further up today and reach up to $6.50 by the end of the day.

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Ethereum Classic Price Prediction:

ETC has kept the traders and investors hanging for a long time, but the crypto seems to be coming around now with specific goals and targets. According to the Ethereum Classic Prediction, this may lead to an upward surge, and ETC may rise to $10 by the end of the year.

Conclusion:

This is the perfect time to plan huge investments in the ETC token and save for the long-term benefits as the currency is already on the growth path.

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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