Ethereum Classic Market Report: ETC/BTC Up 23.06% on the Day
Ethereum Classic turns bullish. Ethereum Classic is up 23.06% on the day and up 267.52% on the week on a last price of 0.00351532. ETC/BTC is trading between a 24hr high of 0.00357300 and a 24hr low of 0.00275400 on a 24hr volume of 37907 BTC or 12356729 ETC. The weekly trend is up.
|last price||$ 2.17|
|one week ago||$ 1.44|
Renegade fork Ethereum Classic turns bullish
The renegade ETCBTC hard fork ether chain gains traction on the world’s biggest ether exchange. Poloniex posted ETC price up 23.06% on the day. Social media sources report that hashpower continues to trend upward. Volume has always been higher for ETCBTC compared against corresponding ETHBTC volume:
Ether Classic (ETCBTC) 38975 BTC
Ether (ETHBTC) 17006 BTC
Difference 21969 BTC
With a difference of over 21969 BTC in 24 hours Ethereum Classic sees ETH more than doubled in trading volume. The corresponding price difference was ETH down 6.25% on the day. ETCBTC is up 26.62% in the same period.
ETCBTC price in USD tether is up. The last price is $ 2.17 which is up from $ 1.44 one week ago. This is a whopping 50.69% weekly increase.
One factor possibly influencing increased buy demand today is investors buying ETC as a hedge against the potential failure of the ETH chain. Forbes recently splashed negative news about the ETHBTC chain while GDAX (Coinbase) was one of the few major exchanges to not support the fledging ETCBTC chain.
Overall – especially combined with today’s bullish trend, consistent volume edge, and increasing hashpower – ETC could be poised to become the dominant ether chain.
Price change is the percentage change within the period:
Poloniex is the data source for this market report.
Market capitalization is the total $US dollar value of the Ethereum Classic market calculated using the formula:
|Market cap||Available supply||Last price|
|$ 178,585,473||82297453||$ 2.17|
Daily High Low
The weekly trend is up.
Support is the lowest price within the period:
Resistance is the highest price within the period:
The data source Poloniex does NOT offer margin trading on this digital asset.
Range is the difference in price within the period:
Market sentiment is bullish.
Ethereum Classic is up 23.06% on the day and up 267.52% on the week. The weekly trend is up. ETC/BTC saw weekly support at 0.00066868 and weekly resistance at 0.00478200. Market sentiment is bullish.
Past history is NOT an indicator of future results. Read the legal disclaimer:
This report was printed on Monday August 01 2016 11:12 hours UTC. Contact KittyBitcoin to request custom reports.
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