Ethereum Classic Price Analysis: Market pulls up Ethereum Classic (ETC) to $6

Ethereum Classic chart is reflecting a heavy recovery in the coin. The currency opened at $6.18. The escalation was of 0.89% as the coin went up to $6.241. Later, the coin slipped from $6.241 to $5.819 by 6.75%. The intraday loss was of 4.90%. Yesterday, the coin jumped from $5.838 to $6.012 by 2.20% during the first few hours. The currency slipped from $6.012 and took it to $5.845. The regression was of 2.77%. The coin closed at $5.9 by 0.73%. Today, the coin again opened with an escalation of 2.08%. The counters switched from $5.927 to $6.050. There is another progression marked in the coin. The escalation was from $5.925 to $6.192 by 4.50%.

ETC/USD Price Chart:

The chart is taken from TradingView on 08th August 2019 at 10:16:02 UTC.

Ethereum Classic Price Prediction
Ethereum Classic Price Chart by TradingView

Current Statistics of ETC:

Particulars Ethereum Classic (ETC)
ETC Price 6.03 USD
ROI 701.78%
Rank 20
Market Cap 678,906,590 USD
Circulating Supply 112,547,711 ETC
24-Hour Volume 545,229,880 USD

Ethereum Classic Price Prediction and Conclusion:

Ethereum Classic has started the recovery. According to the ETC Forecast and stats, The coin would be seen touching new highs in some time. The traders interested in the coin can go for a short-term investment to ensure profit. The long term is not as promising as the short term. Hence, we aren’t recommending the same.

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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