Price Analysis

Ethereum Classic Price Analysis: Ethereum Classic Continues To Move Slowly Within $8 Range

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  • Ethereum Classic closes the week with only one jump
  • Investors seek ETC to cross the $10 mark and head towards new milestones

Ethereum Classic has been testing the patience of investors since quite some time for the coin has not shown any considerable growth in the last 7 days although the price peaked once to over $9.69. The coin kept moving within $8 range at most times. The coming week may bring some good respite to the currency holders as other coins continue on their growth curve. ETC price statistics of last 3 months paint a decent picture ensuring secure future investments.

Ethereum Classic Price Statistics:

As on June 7, 2019, at 11:14:29 UTC, the price of ETC token is trading at $8.01 and moving upwards. ETC has traveled a long distance since the last 3 months when the value of ETC token was $5.03. It peaked to over $9.71 at the beginning of May before dropping back to the $5.21 price mark and since then has been trading in the upward direction.

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Ethereum Classic Price Chart - 7 June

  • The price of ETC is recorded at $8.01 and 0.00100772 BTC
  • The 24 h volume has reached almost $790,464,523
  • The market cap of the coin is now $893,460,200
  • The ROI of the coin stands at 963.38%
  • The circulating supply has reached 111,030,155 ETC

The coin value has been showing a steady upward trend since the past one month with minor dips which have resulted in a downtrend of over 6% in the last 20 days from May 13 till date.

Ethereum Classic Price Prediction:

The market is eagerly waiting for the coin to cross the $10 mark but it is moving in circles between the range of $5 and $9 since quite some time now. However, the unpredictability of the market suggests ETC may pick up pace post-June 15 and will cross the $10 mark after that.

Conclusion:

ETC coin is for a long term investment and is already competing with Bitcoin in a lot of platforms hence investment now gives benefits in the future.

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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