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Price Analysis

Ethereum Classic Price Analysis: Ethereum Classic is Slowly Growing; What’s there in the Future?

  • Ethereum Classic (ETC) has gained considerably well in the last 36 hours.
  • The medium-term is bullish; the target is unchanged at 20 USD.

Ethereum Classic (ETC) is one of the major cryptocurrencies with a huge users’ base. It has been giving new upgrades in regular intervals to its users and the recent the Atlantis hard fork upgrade has been able to attract much attention and new investors. The same can also be seen on its price chart. Before 2 days, the coin was falling, and the investors were worried about its near future. But, since the last 36 hours, the coin has been growing at a stable pace. The current value of the coin is now roaming around 8.5 USD, and it is expected to go up even more. The medium-term outlook is bullish for Ethereum Classic (ETC) and by the end of 2019; the value may be around 20 USD. Let us look at the current details of the coin to understand its growth pattern clearly.

ETC Price Statistics:

Ethereum Classic Price Chart -13 June

  • Ethereum Classic (ETC) is the 17th largest coin in the market.
  • The ROI (Return on Investment) stands at 1,033.33%.
  • A total of 111,172,419 ETC coins are in current circulation.
  • The Market Cap of ETC as on 13th June at 04:46 UTC stands at 944,404,198 USD.
  • The value of each ETC coin stands at 8.57 USD and 0.00104859 BTC.
  • The 24h volume stands at 718,265,673 USD.

ETC Price Comparison-

Ethereum Classic (ETC) has performed with a moderate pace for a large part of this year until now. The April market boom only gave the desired push. On the 1st April, the coin started growing, and it gained around 82.27% over 6 days. But soon the coin entered into a price correction phase. The coin lost 38.52% of its value in the next 19 days. The market cap on the 13th May was 678,727,310 USD, and the value of each coin was 6.09 USD. The current market cap and the value of each coin are respectively 39.14% and 40.72% more than the figures for last month.

ETC Price Prediction-

As mentioned earlier, the value is to inflate more in the coming time. But it will be stabilized soon after the upgrade. By the end of 2019, the value is likely to be roaming around 20 USD price level.

Conclusion-

As the upgrade is coming, the value is likely to be pumped. Investors may take this event on their side by investing now.

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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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