Ethereum

Ethereum Classic Market Report: ETC/BTC Down -24.54% on the Month

Brief:


Ethereum Classic is down -3.28% on the day, up 1.51% on the week and down -24.54% on the month on a last price of 0.00163301. ETC/BTC is trading between a 24hr high of 0.00172409 and a 24hr low of 0.00161000 on a 24hr volume of 1306 BTC or 783473 ETC. The weekly trend is down.

Last price

0.00163301 ETC/BTC

$USD

last price $ 01.05
one week ago $ 01.03
percentage 1.94%

Volume

Volume

The 24 hour volume on Poloniex is 1306.67106208 BTC / 783473.17717949 ETC.

Remarks

The Ethereum Foundation has announced yet another hard fork in its attempt to patch badly written code full of security flaws and inadequately tested software. The ethereum software is so poorly written that industry observer Adamant Research chief editor Tuur Demeester wrote – a not one but TWO part series – on the Ethereum network’s vulnerabilities. Demeester opined that “Ethereum has a different approach. It prioritizes flexibility and, I argue, it compromises on security, speed, and even cost.”

Traders holding ETC tokens are advised to check information supplied by their exchange regarding if and when the fork is supported, and if so, which fork, and if identified, check the time of the fork since that was again changed by the Foundation.

According to the Coinbase blog “Coinbase will delay ethereum classic (ETC) withdrawal support until after the ETH hard fork is resolved.”

Poloniex has not indicated any change to their ETC code however has released a “Notice about the upcoming Ethereum (ETH) Hard Fork”: https://poloniex.com/press-releases/2016.10.16-Ethereum-Hard-Fork/.

Kraken has released an ETC notice on their blog. The notice indicates “Funding for ETH, ETC, DAO, REP will be halted – do not send deposits during the fork”, “Trading will continue as normal”, “Update your Ethereum client” and more:

http://blog.kraken.com/post/151941749242/on-the-imminent-ethereum-eth-hard-fork

More info
For more information on how not to publish software, read the Ethereum Foundation’s press release.

The software developers of ether apparently have never opened a primer on software development.

Price change

Price change is the percentage change within the period:

period change
day -3.28%
week 1.51%
month -24.54%

Chart

Tap or click chart to enlarge:

chart-etc-btc-2016-10-18

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
$ 89,247,400 84997524 $ 01.05

Daily High Low

daily high 0.00172409
daily low 0.00161000

Trend

The weekly trend is down.

trend is DOWN

Support

Support is the lowest price within the period:

period support
day 0.00161000
week 0.00153573
biweekly 0.00153573
month 0.00153573

Resistance

Resistance is the highest price within the period:

period resistance
day 0.00172409
week 0.00192883
biweekly 0.00201000
month 0.00226966

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 0.00011409
week 0.00002428
month -0.00053120

Market sentiment

Market sentiment is bearish.

sentiment bearish

Image courtesy Pixabay.com

Summary

Ethereum Classic is down -3.28% on the day, up 1.51% on the week and down -24.54% on the month. The weekly trend is down. ETC/BTC saw weekly support at 0.00153573 and weekly resistance at 0.00192883. Market sentiment is bearish.

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 Tuesday October 18 2016 12:52 hours UTC. Contact KittyBitcoin to request custom reports.

Thanks for reading! 🙂

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

@KittyBitcoin supplies mobile friendly blockchain intelligence on http://kittybitcoin.com. Their favorite color is pink and the bigger the wool ball the better.
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