Ethereum Classic Price Analysis - Can ETC Hit $30 In The Next Two Months? Sunday, November 4th
Ethereum Classic Price Analysis - Can ETC Hit $30 In The Next Two Months?
The price movements might be minimal but as long as they are positive, they continue to attract more and more traders by the minute. The last 48 hours have seen most altcoins drag themselves from their drop at the start of the week and although they are yet to make a recovery, they remain on track to achieve this.
Ethereum Classic is one of the many coins that has managed to pull itself and get into the green zone. Although in the last 24 hours the coin has only gained by 0.56% and is now trading just above $9.00, the positive movement is getting a few of the skeptics interested. This price movement is however very minimal and the next couple of hours its holders will have to sleep with one eye set on the market. The market could still drop again and given coins have not been able to pull away from their latest lows, they could end up falling back there again, this time with some dire consequences.
ETC/USD Price Chart, January - November, 2018:
As we approach the end of the year, most experts are adjusting their expectations and revising their predictions. When a majority of them made their predictions, they imagined 2018 would be a bullish year but this has not been the case, at least not since March. For Ethereum Classic, it is unlikely that it will hit its all-time highs of $40, but could it go as high as $30?
Read Also: Yaz Khoury: "Ethereum Classic is like a Phoenix that rose from its ashes" - Ethereum Classic (ETC) News
Well, its potential cannot be understated as it remains one of the most promising projects in the industry and with the developments and partnerships forged this year, the project looks stronger than ever.
So far, it looks like altcoin price movements will be dictated by the general market movement “bitcoin” and regardless of any project’s personal achievements, it will be tied down to the market’s movement. If in the next couple of days or weeks this trend is broken, Ethereum Classic could easily end the year in the highs of $30.
Legal Disclaimer: Please remember that trading, buying or any other type of investing in cryptocurrencies should be consider risky and may lead to the loss of all of the invested money. For further information visit Terms and Conditions section on TokenTops. We do not encourage our readers to any kind of financial decisions. Neither tokentops.com nor its parent companies accept responsibility for any loss, damage, or inconvenience caused as a result of reliance on information published on, or linked to, from tokentops.com. We believe that everyone should make their own and in depth research on the particular topic in various sources before making any financial decision and this person should be the only one responsible for the outcome. Our writers do their best to remain unbiased and don't actively support any project. The research is done with various sources, the predictions are based on own believes, analytical skills, experts and community discussions and is intended to convey general information only.
You may also like
XRP Leads Market Recovery, Surges By 11% And Leaves Ethereum ETH In The Wind
Can EOS Stay Up And Maintain The Fourth Position Ranking?
Dogecoin Drops Below Range, Is It Still Worth Holding In 2019?
Stellar XLM Drops By 10% Recording New Year Low As The Market Wipes Out Over $6 Billion
IOTA’s Slowdown Sees It Slip Behind In Ranking
XRP Market Cap Could Be Overvalued By $6 Billion
You need to login to create comments.