Price Analysis

Ethereum Classic Price Analysis: Ethereum Classic Weekly Wrap Up Looks Decent

  • Ethereum Classic gears up for technological upgrades on the network
  • ETC coin’s this week’s performance can be called positive

Ethereum Classic is planning to implement the technology upgrade in the platform in the next few days, and this may result in better scalability and performance of the network. It also indicates that coming weeks will see ETC coin jumping up in the market performance and putting an end to the month-long wait of reaching $10 value. The current market statistics give a glimpse of the upcoming days of high performance from the coin.

Ethereum Classic Price Statistics:

In the last 5 days, Ethereum Classic moved between the range of $9.75 and $7.50. Currently, ETC coin is trading at $8.70, which shows a downtrend of over 10% in the past 5 days. However, after a slowdown of a few days in the middle of the week, the coin is again gearing up now to move upwards. As on June 8, 2019, at 06:31:47 UTC, the following trend is recorded:

Ethereum Price Chart - 8 June

ParticularsStatistics
Price  (USD)8.70
Price (BTC)0.00107401
Market Capitalization947,331,772
24h volume855,706,313
Circulating Supply111,052,168 ETC
Return on Investment1,033.49%

 ETC coin may close the week by recovering back to the surging trend and may continue with it in the coming week.

Ethereum Classic Price Prediction:

ETC is expected to cross the $10 mark in the next 2 months as depicted in the coin value variation over the last couple of months when the highest price was recorded at $9.69. It has almost doubled its growth since the year beginning and may again achieve it by the end of the year when the price will range between $15 and $20.

Conclusion:

ETC is trading well and making efforts for the long term sustenance of the coin. Trading ETC coins can be beneficial in the future.

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Scott Cook

Scott Cook got into crypto world since 2010. He has worked as a news writer for three years in some of the foremost publications. He recently joined our team as a crypto news writer. He regularly contributes latest happenings of crypto industry. In addition to that, he is very good at technical analysis.

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