Price Analysis

Ethereum Classic Price Analysis: Ethereum Classic May Move to $6 by the End of This Week

  • ETC is expected to soar up to $6 by the end of the week
  • Ethereum Classic gets preference over Bitcoin for its smart contracts

Ethereum Classic’s price momentum may be slow, but the coin manages to be in the news constantly due to its cutting-edge technology and its constant comparison with Bitcoin. ETC is even preferred over Bitcoin for its smart contracts, and this has been adding value to the popularity quotient of the coin. The firm has collaborated with thought leaders for their insights on the future of ETC’s infrastructure. The current market performance of the coin indicates progressive journey ahead.

Ethereum Classic Price Statistics:

As on July 18, 2019, at 05:11:55 UTC, the ETC price is noted to be $5.790 and is moving upwards after five continuous days of a downward trend. The coin has recorded a dip of over 12% in the last five days declining from $6.657 to its current value. It has been a topsy turvy ride since the beginning of the week when the coin value started dropping from $6.657 to $6.448 and then as low as $5.199. It surged back again to trade at $6.181 but only to decline further to $5.282.

Ethereum Classic price chart - july 18

  • Ethereum Classic price is noted to be $5.790 and 0.00058943 BTC
  • The Market Cap of the ETC coin has reached $646,711,673
  • 24-hour volume is now $587,981,462
  • The ROI of the coin stands at 671.43%
  • The circulating supply is 112,028,825 ETC

The highest recorded value of Ethereum Classic yesterday was $5.89, and it is rapidly approaching this value today and may move past it by the end of the day. The coin was trading high of $6.86 in the last seven days and may reach up to this value or around it by the end of this week.

Ethereum Classic Price Prediction:

ETC may reach as high as $6 by the end of this week and may cross $9 mark by the end of the month. It has been long-awaited for the coin to cross $10 and it may happen in the next month as the coin starts trading above $9 consistently. Hence, the prices are only going to go upwards for ETC token.

Conclusion:

This is the right time to invest in ETC and save for future gains.

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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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