Price Analysis

Ethereum Classic Price Analysis: Intraday price surge takes Ethereum Classic (ETC)price to $6

  • Ethereum Classic touches $6 with an intraday price movement.
  • The traders are eyeing for a much higher level.

Ethereum Classic (ETC) is moving in the opposite direction than the market trend. The traders in the coin must be grinning over the coin’s success. We are quite positive that the trend of the coin will notably sustain.

The month has been quite a gainer for Ethereum Classic. There is an increase in the market cap too. The intraday movement of the coin is also giving hopes about fetching good returns. Let’s have a look at the chart.

Current Statistics of Ethereum Classic (ETC):

  • The coin is currently trading at $5.984.
  • The Return on Investment is calculated to be 690.4%.
  • The 24hr volume is marked as $583,371,813.
  • The Markey Cap is noted at $669,838,614.
  • The Circulating Supply has 112,694,631 ETC.

ETC to USD Price Comparison:

The chart is taken from Trading View on 14th August 2019 at 07:35:39 UTC.

ETC Price Prediction
ETC Price Chart by TradingView

Yesterday, the coin opened at $5.79, and the coin started moving up. There was an escalation of 3.70%, which took the price from $5.7 to $5.9. The coin closed at $5.9 with an escalation of 2.61% as compared to the opening price. Today, the coin started the day around a trading price of $5.9. The coin immediately escalated from $5.9 to $6.1. Soon, the currency fell by 2.94%, and the price counters changed from $6.1 to $5.9.

ETC Price Prediction and Conclusion:

Ethereum Classic (ETC) is expected to have a great future. The traders are also hoping for the same. The investment in the coin would bring a colossal dividend to the traders. We are anticipating that the coin would close the year around $10. The traders interested in the coin should plan for a long-term investment. The coin wouldn’t be that fruitful for short-term investors.

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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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