Price Analysis

Ethereum Classic Price Analysis: Ethereum Classic (ETC) price rally starts; ETC hovers at $6.2

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  • Ethereum Classic (ETC) price commences an upsurge. 
  • The price rally to continue for some time now. 

Ethereum Classic (ETC) was seen suffering during the last month. The coin was severely affected and because of which the current month started with some disappointing trading digits. The currency has recovered and looks like the storm has passed. We are anticipating that the coin would be seen rising and the month will close with higher price marks. 

Talking about yesterday, the coin touched a high at $6.36 and a low at $6.11 with a trading volume of $516,749,115. 

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Current Statistics of Ethereum Classic (ETC): 

The chart is taken from Trading View as on 06th August 2019 at 10:11:26 UTC. 

Ethereum Classic Price Chart - 06 Aug
ETC Chart by TradingView

The coin opened the month on a sore note. The token booked a loss of 1.02% as the ETC price shifted from $6.043 to $5.9. On day 2, the coin continued to drop, marking a regression of 2.19%. The price counters changed from $5.981 to $5.850. On the following day, the coin instigated a surging momentum and reflected a change of 1% as the price sifted from $5.8 to $5.9. Day 4, the coin jumped from $5.9 to $6.1 by 3.83%. Yesterday, the coin touched a high at $6.36. The price counters changed from $6.12 to $6.17. The escalation was of 0.82%. The coin is presently trading at $6.246. There is a high prospect that it may close around $6.3 and even beyond.  

Particulars  Ethereum Classic (ETC) 
Price  $6.246
ROI  724.80%
Rank  21
Circulating Supply  112,498,777 ETC
Market Cap  $698,094,475 
24hr Volume  $520,838,572 

Ethereum Classic Price Prediction and Conclusion: 

The whole of the crypto market has shown tremendous improvement. The market is anticipated to embark on a much-awaited price rally. Ethereum Classic is also believed to walk on the same road. The expectations of the coin are higher. In the coming months, the coin is expected to deal with a 3% to 4% profit. The coin is likely to close around $10. The coin would be best suited for long-term investors. The same would help the traders to book huge profits.

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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