Price Analysis

Ethereum Classic (ETC) Price Analysis: Will ETC Cross The $10 Mark In Next 30 Days?

  • With the addition of Ethereum Classic (ETC) in the Abra Wallet, it now becomes accessible for trading
  • Ethereum Classic’s new updates focus on increasing the security features of the platform

It was in 2016 that Ethereum Classic forked from Ethereum and became that twin which is much more secure and reliable. The market of Ethereum Classic has shown tremendous growth since then, ETC is now standing firmly in the top 20 global rankings. The team of ETC token keeps posting recent updates and announcements around the currency, keeping the users interested and creating buzz around the latest developments. The market sentiment is good.

Current Statistics:

Ethereum Price Chart

  • According to the CoinMarketCap’s global top 100 cryptocurrencies list, Ethereum Classic has been placed at the 18th position
  • The ROI of the coin stands at 899.13%
  • As on May 20, 2019, at 03:44:01 UTC, the market cap of the coin is 865,711,097 USD
  • The price of ETC is trading at 7.83 USD & 0.00097289 BTC
  • The 24 h volume has been 665,329,676 USD
  • The circulating supply of the coin is equivalent to the total supply which is 110,583,382 ETC

Comparison:

As on April 21, 2019, at 11:34:00 UTC, the market cap of ETC was noted at 678,430,102 USD, and the price was trading at 6.17 USD & 0.00116370 BTC. This reflects an upward trend of over 26% in the last one month with the price peaking as high as 8.39 USD and dipping as low as 5.30 USD. In the last 7 days, the highest price was almost the same while the lowest was noted at 5.86 USD. The 24 h volume at the same UTC was recorded at 350,858,200 USD. ETC will reach its first resistance level in the next few days at 8.14 USD.

Ethereum Classic Price Prediction until 2020:

Ethereum Classic reached its all-time high in December 2017 at 47.77 USD. The value of the coin moved between the range of 5 USD & 4 USD in the first 3 months of 2019 post which it started showing a steep upward movement and crossed the 8 USD mark. Given the latest developments, the price of ETC can be expected to rise above 10 USD by the end of 2019 and can go as up as 50 USD in the next 2 years.

Conclusion:

Investing in Ethereum Classic now is a good decision as the currency is surely going to last longer and the future of ETC token looks promising.

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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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