Ethereum Classic is one of the most resilient blockchains in the space. The ETC token, which is the fuel for the Ethereum Classic network, had to face a 14-month long cryptocurrency winter, bearish Ethereum Classic price prediction, and a 51% power consolidation attack. During the 51% power consideration attack, one party took control of the Ethereum Classic blockchain and enacted changes because it had more than half of the total hash power. Right after that Ethereum Classic news circulated, many industry insiders suggested that the ETC token and the Ethereum Classic blockchain would never recover from the attack. A few months later, the price of Ethereum Classic bounced back and has been moving along with the market since then. The 2019 Ethereum Classic Price prediction is now bullish against the USD.
Ethereum Classic Price Prediction – Ethereum Classic Prediction – Ethereum Classic Technical Analysis – Ethereum Classic To Hit $10
Ethereum Classic used to be a part of Ethereum. In 2016, however, there was an attack on the network that eventually led to a separation between the Ethereum and Ethereum Classic blockchains. Just like Ethereum, the Ethereum Classic blockchain is used to deploy smart contracts and decentralized applications. It also uses a virtual machine. The ETC coin is currently the 19th largest cryptocurrency per market capitalization.
Even if it started the year around the $5 level, it has increased significantly since then. During the first week of April, ETC touched the $9 level and analysts predicted that it would hit $10 if the bull run continued. Even if it gained more than 90% of its value within three days, it subsequently started correcting lower and has been unable to retest that level.
The total market capitalization of ETC is 0. 65% higher than it was about 30 days ago. But there hasn’t been able significant difference in the price of Ethereum Classic within the last 30 days. Over the last 24 hours, the price of Ethereum Classic has moved higher and lower. The Ethereum Classic price prediction on CryptoNewz states that the price of Ethereum Classic will be stable for a while but this period of stability will be followed by a spike that may take the price of ETC as high as $10 before the end of the year.
Ethereum Classic Prediction – Ethereum Classic Price Prediction – Ethereum Classic Current Price – ETC News Today
At the time of writing, the price of Ethereum Classic (ETC) was $6.07. This means that it is up by 4.59% against the USD and down by 1.2% against the price of Bitcoin. The trading volume over a 24 hour period is $539,243,016 and the market capitalization is $669,219,844.
Ethereum Classic (ETC) Price Today – ETC / USD
The price surged above the resistance at $5.75 and $6.00 to get to its current level and it is primed for more gains if the bullish momentum continues. There are many projects going on that make Ethereum Classic (ETC) primed for a significant rise against the USD. The wider cryptocurrency market also has bullish signals. This means that there is hope for a higher surge which would influence the price of ETC as well.
What do you think about the Ethereum Classic price prediction in our Ethereum Classic news today? Share your opinions in the comment section below.
Max writes about blockchain projects and regulation with a special focus on United States and China. He joined Smarterum after years of writing for various media outlets.