Price Analysis

Ethereum Classic Price Analysis: Ethereum Classic (ETC) marks a moderate surge in the price in the first week of the third quarter

Ethereum Classic (ETC) is almost near $8. The coin has maintained the momentum in price during the fluctuating period and observed a moderate escalation too. The same indicates that Ethereum Classis holds high potential and would result good in the future.

As per the latest news, Ethereum classic has joined hands with Metronome (MET). The collaboration is expected to give a great result. The news has given new hope to the investors. They are eyeing for a higher counter in the future.

Let’s have a look at the 5-days chart of Ethereum Classic.

Current Statistics of Ethereum Classic:

The chart is taken from Trading View on 6th July 2019, at 03:47:10 UTC for price analysis.

ETC

The current trading price of the Ethereum Classic is $7.93 USD. The coin is at the 20th rank in the crypto market. The 24hr volume of Ethereum Classic is $762,958,812 USD. The circulating supply has 111,733,564 ETC. The market capitalization of the Ethereum Classic is marked at $881,676,785 USD. The return on investment (ROI) is at 948.84%.

The coin opened at $7.7 on the first day of July. The opening was quite enthusiastic as the coin changed from $7.7 to $7.9. The price marked an escalation of 3.84%. Further, on the same day, the coin experienced a heavy loss of 6.89% as the coin dropped from $7.9 to $7.3. The intraday profit booked on 1st July was about 1.94%. July 2 registered a slight regression of 0.80% as price switched from $7.80 to $7.78. Next day, the coin recovered from $7.78 to $7.8 by 1.12%. On 4th July, the coin escalated to $8.1. The intraday loss was of 1.75% by taking the price from $7.8 to $7.7. Yesterday, the coin recovered by 2.27% from $7.7 to $7.9. Today, the coin opened with a downtrend but is again at $7.9.

Price Prediction:

Ethereum Classic (ETH) has shown a remarkable recovery in the price of the coin since the beginning of the year. The month would end around $10. By the end of 2019, the coin is expected to trade around $20.

Conclusion:

The coin is favourable for both, long-term as well as short-term. However, the volume of long-term investment would be much higher than the short term investment.

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Roxanne Williams

Roxanne Williams has recently joined as a market reporter for CryptoNewsZ - the 24/7 crypto news site, where she produces recent stories, technical analysis and price updates on world's leading cryptocurrencies.
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