Altcoins

Ethereum Classic Market Report: ETC/BTC Hits All Time High

Brief:


Ethereum Classic has set an all time high. Ethereum Classic is up 46.44% on the day, up 110.94% on the week and up 142.06% on the month on a last price of 0.00671738 or about $16.45. ETC/BTC is trading between a 24hr high of 0.00727200 and a 24hr low of 0.00440095 on a 24hr volume of 36996 BTC or 6272020 ETC. The weekly trend is up.

Last price

0.00671738 ETC/BTC

$USD

last price $ 16.45
one week ago $ 7.80
percentage 110.90%

Volume

Volume

The 24 hour volume on Poloniex is 36996.56784700 BTC or 6272020.07263553 ETC.

Remarks

Ethereum Classic, the brainchild of Poloniex who created it during the first ETH hard fork, has hit an all time high. The rally kicked off in earnest May 21 2017 on a one day volume of 5363 BTC. By today – Wednesday May 24 – the volume had soared to well over 35,000 BTC. The price skyrocketed to an all time high of 0.00727200 or about $17.85 at today’s rising bitcoin prices.

After the hard fork in the summer of 2016 the Ethereum Foundation was expecting Ethereum Classic to become a relatively inactive chain. With today’s all time Ethereum Classic high it appears ETC isn’t dead yet.

Moreover, with ETH and ETC both reaching new highs, everyone should be happy.

CoinMarketCap.com All Time Chart

One Month Chart

XBTLivePrice
Demand continues strong for bitcoin with the price on OKCoin an incredible $2629.10. The other exchanges report prices closer to $2400:

Price change

Price change is the percentage change within the period:

period change
day 46.44%
week 110.94%
month 142.06%

Featured Chart

Tap or click chart to enlarge:

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 $ 1,512,369,259
Available supply 91937341
Last price $ 16.45

Daily High Low

daily high 0.00727200
daily low 0.00440095

Trend

The weekly trend is up.

trend is UP

Support

Support is the lowest price within the period:

period support
day 0.00440095
week 0.00310500
biweekly 0.00302690
month 0.00271130

Resistance

Resistance is the highest price within the period:

period resistance
day 0.00727200
week 0.00727200
biweekly 0.00727200
month 0.00727200

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 0.00287105
week 0.00353288
month 0.00394226

Market sentiment

Market sentiment is bullish.

sentiment bullish

Image courtesy Pixabay.com

Summary

Ethereum Classic has set an all time high of 0.00727200 BTC or about $17.85. Ethereum Classic is up 46.44% on the day, up 110.94% on the week and up 142.06% on the month. The weekly trend is up. ETC/BTC saw weekly support at 0.00310500 and weekly and all time resistance at 0.00727200. 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 Wednesday May 24 2017 19:03 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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