Ethereum Classic Market Report: ETC/BTC Up 133.18% Since Launch

Brief:


Ethereum Classic is up 14.09% on the day, down -25.20% on the week and up 133.18% since launch on a last price of 0.00323895. ETC/BTC is trading between a 24hr high of 0.00333900 and a 24hr low of 0.00266000 on a 24hr volume of 19995 BTC or 6596987 ETC. The weekly trend is mixed.

Last price

0.00323895 ETC/BTC

$USD

last price $ 1.91
one week ago $ 2.33
percentage -18.03%

Volume

Volume

The 24 hour volume on Poloniex is 19995.96306123 BTC or 6596987.72628090 ETC.

Remarks

Volume Leader
ETCBTC is Poloniex volume leader again today after a one day respite yesterday which saw ETH climb briefly into this position.

volume-mover-top-ten

Price daily range climbs over 0.00067900 satoshi
Today sees an upward price climb of over 67,900 satoshi on an exchange leading volume. ETC/BTC continues to hold the attention of traders since its hard fork inception on July 24 2016.

The price climb follows on the heels of a persistent down trend which saw prices fall sharply day after day. The downtrend characteristics included double the sell/buy volume ratio for many price points often seen in a European time zone. There is some suggestion the Ethereum Foundation could have been deflating the price to further their divergent interests. At times an automated bot participated in the price obfuscation on both sides of the order books as the price sank quickly and far. However today saw a breathtaking price reversal as buyers showed renewed confidence in the ETC/BTC digital asset.

Notwithstanding today’s increase, the price remains down -25.20% on the week which holds significant potential for continued upwards movement.

Price change

Price change is the percentage change within the period:

period change
day 14.09%
week -25.20%
since launch July 24 2016 133.18%

Chart

Tap or click chart to enlarge:

chart-etc-btc-2016-08-11

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
$ 158,269,961 82863854 $ 1.91

Daily High Low

daily high 0.00333900
daily low 0.00266000

Trend

The weekly trend is mixed.

trend is MIXED

Support

Support is the lowest price within the period:

period support
day 0.00266000
week 0.00266000
biweekly 0.00235514
since launch July 24 2016 0.00010098

Resistance

Resistance is the highest price within the period:

period resistance
day 0.00333900
week 0.00507175
biweekly 0.00638000
since launch 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 0.00067900
week -0.00109126
since launch July 24 2016 0.00184989

Market sentiment

Market sentiment is bullish.

sentiment bullish

Image courtesy Pixabay.com

Summary

Ethereum Classic is up 14.09% on the day, down -25.20% on the week and up 133.18% since launch July 24 2016. The weekly trend is mixed. ETC/BTC saw weekly support at 0.00266000 and weekly resistance at 0.00507175. Market sentiment is bullish.

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 11 2016 20:56 hours UTC. Contact KittyBitcoin to request custom reports.

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Tags

Ethereum Classic, ETC/BTC, Poloniex, 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

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