Price Analysis

Ethereum Classic Price Analysis: Ethereum Classic is Likely to Have a Bullish Run to $20

  • Ethereum Classic is likely to maintain its stability on the long-term.
  • The 2019 target should be 20 USD.

Ethereum Classic has time and again proved its worth in the market with the help of its stability and less number of price shocks for the investors. The coin managed to stay stable until the April boom. Since then, the coin has shown some variations as well as huge growth. The last 24 hours also have been on a similar note. The coin faced 3 small yet major price variations in the last 1 day. The duration of the variations was so short that it must have been quite a task for the intraday traders to lock their positions. The range of the coin was 8.65 USD to 8.90 USD. However, the coin is likely to find peace once it reaches 10 USD mark. The medium-term outlook, as well as the short-term outlook, is bullish. The year ending price target should be 20 USD. Let us analyze the current details of the coin.

Statistics From Ethereum Classic Price Chart-

Ethereum Classic Price Chart- 18 June

Ethereum Classic (ETC)18th June 03:10 UTC
Rank18th
ROI (Return on Investment)1,067.69%
Coin Circulation111,293,835 ETC
Market Cap976,542,615 USD
Value in USD8.780 USD
Value in BTC0.00094520 BTC
24h Volume463,399,293 USD

ETC to USD Price Comparison-

Ethereum Classic started the journey of 2019 with very low value, and until the mid of March, no growth can be noticed. The lowest point was on 06th February at 3.708 USD. On 13th March, the coin showed strength as investors showed confidence. Over the next 25 days, it managed to grow by 110.51% only fall back by 38.96% in the next 18 days. There was another growth noticed on 09th May when the coin gained 72.36% in 24 days. The market cap of ETC on 18th May was 800,303,340 USD, and the value of each coin stood at 7.176 USD. The current market cap and the value of each coin are respectively 22.02% and 22.35% more than the figures for last month.

Ethereum Classic Price Prediction-

The value of ETC is likely to be raised in the short-term. By the end of this year, the value of each ETC coin may get as high as 20 USD. The chances of steep variations also remain high.

Conclusion-

The rising outlook should give new entrants the confidence to buy more coins. Long-term holding may give a return above 100%.

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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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