How Long Will Ethereum Classic (ETC) be Encircled With Bears?

  • Ethereum Classic price has been under the bear zone for the past week

Ethereum Classic (ETC) is an open-source blockchain-based distributed computing platform. ETC had been holding its ground even during the current bear trend but the past week has shown a lot of variations mostly in the downward range with the price fluctuating in the range of $5.74 – $6.88.

Current Statistics of Ethereum Classic:

As on Sep 04, 2019 at 5:54:12 UTC, current statistics are as below:

  • Current market price of ETC is $6.275
  • Current rank is 16
  • Current market cap is around $768,254,430
  • 24h volume is at $605,991,725
  • ROI is at 802.03%
  • Circulating supply is at 113,205,756 ETH

ETC to USD Price Comparison:

ETC Price Chart
ETC Price Chart by TradingView

The bears are holding the price of Ethereum Classic as seen from the weekly chart. From a high of $6.885 on Aug 28, the price of ETC fell to $5.744 on Aug 29 within 23h 10m to the extent of 16.35%. The price then showed recovery at $6.456 on Aug 30 in 1d 5h 10m to the tune of 12.76%. On Aug 31, in a matter of 1d 45m, ETC fell to the tune of 4.40% at $ 6.172. With the bears still hovering around, the current price has slightly recovered at $6.275, which is higher by 1.67%.

Ethereum Classic Price Prediction and Conclusion:

Ethereum Classic is one of the top 20 performing cryptocurrencies in the world with great future potential. With the bears looming large over the cryptocurrency market, the price has been going through a lot of variations since July. Analysts feel the coin will show a good recovery by the year-end.

As per our ETC Prediction, investors can hold on to their current investments as there is a lot of volatility in the crypto market. Short-term investors can make gains if they time their investments wisely.

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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