Ethereum Classic Price Analysis: Ethereum Classic (ETC) Rolls Down To Trade Below $6 Again

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  • Ethereum Classic states differences with ETH to maintain its niche
  • Ethereum Classic may close today’s trading day around $6

Ethereum Classic has proved itself time and again for being one of the most justified competitors of the Bitcoin. The firm has now emphasized on ETC’s unique market positioning, and the platform catering to different users and use cases than ETH to keep the interest of investors alive in ETC. One of the major differences between ETH, ETC is that ETC offers very high security, making it a preferred partner for high-risk projects. The current market performance of the token also indicates that it is unique and has got a pattern of its own.

Ethereum Classic Price Statistics:

In the last 5 days, ETC token has depicted the most dramatic price movement, including sudden highs and lows and static behavior as well. ETC started with trading at $6.25 around July 25 and then dipped as low as $5.90 before rising back again to reach $6.31 on July 27. The coin then showed a sudden straight dip and fell as low as $5.57 before reaching its current value at $5.85 as on July 30, 2019, at 09:15:32 UTC.

ETC Price Prediction
ETC Price Chart
  • ETC is noted to be trading at $5.85 and 0.00061803 BTC
  • The market cap of the coin is $657,428,447
  • The 24 h volume of the coin is noted to be $422,941,724
  • The ROI of the coin stands at 680.30%
  • The circulating supply has reached 112,326,371 ETC

ETC has recorded a downtrend of over 6% in the last 5 days declining from $6.25 to its current value. The coin may rise back again to trade above $7 in the next few days but may take a little longer now to cross $10 mark.

Ethereum Classic Price Prediction:

It has been a long stall for the ETC traders since the coin crossed $9.6 mark. All the traders and investors were anticipating it to move past $10 and start trading above it when it hit bottom and moved below $6. The coin is still struggling to maintain a rising trend, but it may cross $10 mark by the end of 2019.

Conclusion:

As the prices are unexpectedly low, this is the best time to increase ETC in the account.

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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