Ethereum Classic Market Report: ETC/BTC Up 187.96%

Brief:


Ethereum Classic is down -12.04% on the day, up 57.46% on the week and up 187.96% since launch on a last price of 0.00400000. ETC/BTC is trading between a 24hr high of 0.00485503 and a 24hr low of 0.00361110 on a 24hr volume of 56664 BTC or 13294379 ETC. The weekly trend is mixed.

Last price

0.00400000 ETC/BTC

$USDT

last price $ 2.34
one week ago $ 1.44
percentage 62.50%

Volume

Volume

The 24 hour volume on Poloniex is 56664.84199715 BTC or 13294379.33062321 ETC.

Remarks

Rollercoaster Ride Continues
The renegade ether chain Ethereum Classic isn’t dead yet. Quite the contrary, ETCBTC volume outstrips ETHBTC by a significant quantity every day. Today is no exception with ETC charging ahead of ETH:

coins-sorted-by-volume-2016-08-04

Traders are embracing the “immutable” breakaway ETCBTC chain with much more zeal than the Ethereum Foundation appeared to put into their ETH and DAO broken code and security checks. The most impressive news is that ETC/BTC is up 187.96% since launch on Poloniex a short time ago on July 24 2016.

Some market observers see the parade of Ethereum Foundation mismanagement and errors resembling a comedy – if it wasn’t so serious. WhalePanda wrote a tongue in cheek piece titled “The Complete Story of #Ethereum so far”.

Crypto-Currency Market Capitalizations
CoinMarketCap.com reports Ethereum Classic is ranked number five. With $ 191,551,910 total cap at a price of $ 2.32 with 82,407,058 available ETC has a 24 hour volume of $ 45,098,700 which is down -9.05% over the previous day.

ETCBTC has a new found value and top ten altcoin market leverage:

coinmarketcap

Price change

Price change is the percentage change within the period:

period change
day -12.04%
week 57.46%
since launch 187.96%

Chart

Tap or click chart to enlarge:

chart-etc-btc-poloniex-2016-08-04

Data source

Poloniex is the data source for this market report.

Market capitalization

Market capitalization is the total $US dollar value of the Ethereum Classic market calculated using the formula:

market cap = ( available supply x last price )
Market cap Available supply Last price
$ 192,832,516 82407058 $ 2.34

Daily High Low

daily high 0.00485503
daily low 0.00361110

Trend

The weekly trend is mixed.

trend is MIXED

Support

Support is the lowest price within the period:

period support
day 0.00361110
week 0.00235514
July 24 2016 0.00010098

Resistance

Resistance is the highest price within the period:

period resistance
day 0.00485503
week 0.00638000
July 24 2016 0.01000000

Margin trading

no

The data source Poloniex does NOT offer margin trading on this digital asset.

Range

Range is the difference in price within the period:

period range
day 0.00124393
week 0.00145964
July 24 2016 0.00261094

Market sentiment

Market sentiment is neutral.

sentiment neutral

Image courtesy Pixabay.com

Summary

Ethereum Classic is down -12.04% on the day, up 57.46% on the week and up 187.96% since launch. The weekly trend is mixed. ETC/BTC saw weekly support at 0.00235514 and weekly resistance at 0.00638000. Market sentiment is neutral.

Disclaimer

Past history is NOT an indicator of future results. Read the legal disclaimer:

http://kittybitcoin.com/docs/disclaimer.php

Printed

This report was printed on Thursday August 04 2016 22:59 hours UTC. Contact KittyBitcoin to request custom reports.

Coming soon

Thanks for reading! 🙂

Tags

Ethereum Classic, ETC/BTC, Poloniex, ether, Brief, Last price, Volume, Remarks, Price change, Chart, Data source, Market capitalization, Indicators, Daily high low, Trend, Support, Margin trading, Resistance, Range, Market sentiment, Summary, Disclaimer, Printed, Coming soon, cryptocurrency, bitcoins, BTC, altcoins, investing, trading, speculation, coins, investment, digital, assets, tags