Ethereum Classic Market Report: ETC/BTC Up 133.18% Since Launch
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||$ 1.91|
|one week ago||$ 2.33|
ETCBTC is Poloniex volume leader again today after a one day respite yesterday which saw ETH climb briefly into this position.
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 is the percentage change within the period:
|since launch July 24 2016||133.18%|
Poloniex is the data source for this market report.
Market capitalization is the total $US dollar value of the Ethereum Classic market calculated using the formula:
|Market cap||Available supply||Last price|
|$ 158,269,961||82863854||$ 1.91|
Daily High Low
The weekly trend is mixed.
Support is the lowest price within the period:
|since launch July 24 2016||0.00010098|
Resistance is the highest price within the period:
|since launch July 24 2016||0.01000000|
The data source Poloniex does NOT offer margin trading on this digital asset.
Range is the difference in price within the period:
|since launch July 24 2016||0.00184989|
Market sentiment is bullish.
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.
Past history is NOT an indicator of future results. Read the legal disclaimer:
This report was printed on Thursday August 11 2016 20:56 hours UTC. Contact KittyBitcoin to request custom reports.
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