Ethereum Classic has been back to its starting price at the beginning of the year, but the coin has also surged up to $9 this year, and it may repeat it once again in the next few months. ETC holders must keep investing in this crypto as it can turn profitable any time and may start yielding huge returns. The current market performance of the coin may change soon.
Current Statistics of Ethereum Classic:
- The price of Ethereum Classic is noted to be $5.61 and 0.00054220 BTC
- The Market Cap of the ETC has reached $633,231,904
- 24-hour volume stands at $605,554,794
- ROI of the coin is noted to be 648.29%
- Circulating Supply has reached 112,734,638 ETC
ETC’s lowest recorded value yesterday was $5.37, and it has moved up since then to trade above $5.5 mark. The coin may surge up to $6 over the weekend.
ETC to USD Price Comparison:
Ethereum Classic has recorded a downtrend of over 3% in the last 7 days declining from $5.845 to its current value at $5.611 as of August 16, 2019, at 01:46:02 UTC. The coin traded around $5.5 mark almost throughout the last 7 days but surged as high as $6.166 on August 14. It then started slumping steeply and hit $5.301 and has been recovering since then.
ETC Price Prediction & Conclusion:
Ethereum Classic has been performing well in this year. It may be trading around the same value as in the starting of the year but may gain some momentum to cross its 90-day high of $9.69 in the next few months. This is a good time to start investing in ETC and save for future benefits.
1- Do not invest in every ICO – most of them are a scam.
2- Crypto is a heavily manipulated commodity and the price can change at any moment.
3- The creation cost of a coin represents the “wholesale” price – It is always better to buy when the price is close to the creation cost.
4- Crypto has a natural cash flow that dictates the selling pressure. Like, 1800 bitcoins are mine each day so 1800 bitcoin must be bought at the current price (“means market needs new $18 millions of investment every day if the price is $10,000 to maintain the current price“).
5- Patience and timing are key to making a profit:
Buy, when the price is close to the creation cost.
Sell, when the price is way high off the creation cost.