Price Analysis

Ethereum Classic Price Analysis: Ethereum Classic’s Gradual Growth May Push the Coin to $20

  • Ethereum Classic (ETC) has fared with excellent stability in the last 24 hours.
  • The price target remains at 20 USD.

Ethereum classic’s most significant asset is its stability. But stability alone cannot make you attract new users. The coin has not shown any major growth attempt since the last April. Even before that, the coin had been running around a stable price, inevitably, Ethereum Classic (ETC) will not move up to the ladders unless it finds strong fundamentals backing it. The last 24 hours trading chart also shows excellent stability. The range of the coin was 8.9 USD to 8.5 USD. Not many instances have been provided for the speculators to capitalize. However, the medium-term is likely to be bullish; the coin may get as high as 20 USD by the end of this year. Let us look at the current details of the coin.

Statistics From Ethereum Classic Price Chart-

Ethereum Classic Price Chart - 17 June

Ethereum Classic (ETC)17th June 03:14 UTC
Rank18th
ROI (Return on Investment)1,056.09%
Coin Circulation111,269,138 ETC
Market Cap971,366,444 USD
Value in USD8.699 USD
Value in BTC0.00096640 BTC
24h Volume852,379,625 USD

ETC to USD Price Comparison-

Ethereum Classic (ETC) started the year with a very moderate price and pace. The period between 06th January and 24th February was the slowest period for the coin. It also caters to the lowest point of the year at 3.708 USD. However, by the onset of April boom, the coin gained 85.37% in just 6 days from the price of 4.76 USD on 1st April only to fall again by 38.79% in the next 19 days. Since then, the coin is maintaining stable growth. The market cap on the 17th May was 781,661,674 USD, and the value of each coin was 7.321 USD. The current market cap and the value of each coin are respectively 24.26% and 18.82% more than the values of the last month.

Ethereum Classic Price Prediction-

As mentioned earlier, we predict a bullish short-term and medium-term outlook for Ethereum Classic (ETC). By the end of 2019, the coin is likely to get to 20 USD. It may find resistance around 10 USD price point.

Conclusion-

Buying new coins is advised. If the holding is until the end of this year, the return can get as high as 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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