Price Analysis

Ethereum Classic Price Analysis: Ethereum Classic (ETC) Records 5% Downtrend Since Last 7 Days

Finmax
  • ETC may move with higher price marks in the upcoming weeks
  • Ethereum Classic makes technological advancements to expand its reach

Ethereum Classic team is currently focusing all its time and energy in the betterment and advancement of the platform. The firm has introduced high-security features making productivity safe and efficient. The outcome of this can be expected to shoot up the popularity of ETC token and may also result in the mass adoption. The current market statistics of the coin can also improve drastically in the next few days as the coin bursts the bubble slowing it down.

ETC Price Statistics:

In the last 7 days, ETC token has shown a downtrend of over 5% dipping from $6.08 to its current value at $5.77 as of August 12, 2019, at 06:18:52 UTC. The coin was found to be trading around $6 for the first 3 days of the said time period, rising from $6.08 to $6.17 but then it started dipping suddenly and moved as low as $5.71. ETC further went down to hit $5.51 before rising to $5.88.

ETC Price Prediction
ETC Price Chart by TradingView
  • The current trading price of ETC token is noted to be $5.77 and 0.00050634 BTC
  • The market cap of the coin is $652,609,692
  • The 24 h volume of the coin stands at $460,954,736
  • The ROI of the coin stands at 671.99%
  • The circulating supply of the coin is now 112,641,177 ETC

The lowest recorded value of ETC yesterday was $5.66. It is currently trading above this value and may close the day trading above $6. The coin is expected to start trading between $6 and $7 in the next few days.

ETC Price Prediction:

ETC is growing crypto and is compared with Bitcoin’s momentum every now and then. The coin is expected to trade around $10 by the end of the year.

Conclusion:

Ethereum Classic may become highly profitable in the next few months, and investments now are beneficial.

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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