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Price Analysis

Ethereum Classic Price Analysis: Ethereum Classic (ETC) Price Escalated to $7.3; Visible Price Rally on the chart

  • Ethereum Classic (ETC) price reflects upsurge on the chart.
  • The coin is expected to pull many altcoins out of the loss.

Ethereum Classic (ETC) has been behaving differently from the past few days. The entire market is at a volatile state where one day it is climbing up, and the other day it is falling down. Ethereum Classic is keeping it’s way up and rising. The coin has attracted many traders because of the same. The coin is showing no sign of regression. We are positive about the future prospect of the coin. It could be the reason of bringing many altcoins out of the price drop. However, the same is an astronomical prediction.

Current Statistics of ETC:

  • The price of the coin is $7.3.
  • The market cap is marked as $825,793,170 USD.
  • $1,688,071,908 USD is the 24hr volume.
  • The return on investment is noted as 872.08%.
  • 112,915,235 ETC is the circulating supply.
  • The coin is at the 16th rank in the market.

ETC to USD Price Comparison:

The chart is taken from Trading View on 23rd August 2019, at 04:58:56 UTC for price analysis.

Ethereum Classic price chart - Aug 23
Ethereum Classic Chart By TradingView

Yesterday, the coin started at $6.15.The ETC price escalated to $6.8 by 11.91%. The coin moved up to $7.5 from $6.8 by 10.07%. The coin closed at $7.2 with an intraday escalation of 17.91%. On 23rd August, the coin jumped from $7.2 to $7.5 by 4.14%. The coin is speculated to rise for the rest of the day.

Ethereum Classic Price Prediction and Conclusion:

The current scenario of Ethereum Classic is promising. The traders would soon experience a heavy upsurge in the coin which could take the coin few ranks above. The investment in the coin would bring huge dividends to the traders. The coin is anticipated to close the year around $10. In the coming years, the coin could touch $13 too. The coin would be best suited for long term traders.

For the intraday traders, we are expecting a flourishing day ahead.

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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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