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Analysis of classical prices of Ethereum – ETC / USD
Ethereum Classic is an open-source distributed, public, block computing platform based on intelligent contract features. It provides a decentralized virtual machine complete with Turing, the Ethereum virtual machine, which can execute scripts using an international network of public nodes.
Ethereum Classic the 18th largest cryptocurrency with its current market capitalization trading at $ 455,425,171 (10:11 UTC) on January 22 fell in current value by 24.6% compared to January 06 as analyzed by the chart above. The significant decline in value is due to the strong downward pressure, macro-factors and courses of competitive forces around the world. With this, the ETC / USD pair has remained 'up' & # 39; from 18 December 2018 to 6 January 2019 as interpreted by the above graph which indicates the upward trend. Since then, the ETC / USD pair has gained 21% over 6 December 2018, which can be well analyzed from the above chart, which indicates the upward trend in the future. In addition, note that the "rising top" indicates the bullish model started on December 16th of the last year which can be analyzed from the graph above.
The most dynamic indicator – 20-day EMA processes downward pressure on value creating "downward trend". In this ETC bears have their hands high and therefore the ETC / USD pair remains in bearish trend for some time until the next "uptrend" "takes place.The traders and all community users who have long been looking forward to investing in this altcoin should stay on the sidelines until the next "uptrend"! Now let me guide you through a milestone this cryptocurrency has achieved in the recent past.The ETC / USD pair has remained between December 17 and December 26 last year year, as the cryptocurrency recorded a rally from a minimum of $ 3,703 to a maximum of $ 5,833, with a yield of 57.5% within nine days.
Since we can quickly analyze from the previous chart, MCap was trading at $ 458,026,231 (10:14 UTC) with the Price (BTC) 0.00119372 and the Price / USD 4.25 (10:14 UTC) volume 24 hours 99.442,995 USD (10:14 UTC). Since we can estimate from the chart that MCap traded the historic high on January 7th over the Price (BTC) and Price (USD) pair, however from January 17th onwards the Price (BTC) was traded high above MCap and Price (USD) ). Needless to say, the value added models in place, the ETC ready to offer the long-term benefits to everyone who has invested in this altcoin!
While we can estimate from the first chart, if the bulls are able to rise and sustain above the current resistance level $ 4.668 (10:32 UTC) and create an "upward" value (ie traded above the EMA), investors will begin to buy this currency more and more thus increasing its value. However, based on the current trend, the next support level could be $ 4.30.
Ethereum Classic (ETC) is a smarter blockchain, and is a network, a community and a cryptocurrency that brings digital resources forward. In addition, it allows people to send value to one another and also allows complex contracts that operate independently and can not be changed or censored. ETC has some of the most extensive network activities of any blockchain, consistently superior to Bitcoin Cash and neck-and-neck with Litecoin. They also have multiple developer teams, all committed to ETC's long-term vision. Let's not forget that ETC is among the top 10 in the programmer's activities (measured by the committed code). With the many sources of funding in place, we are constantly growing, day by day, commit-by-commit, line by line of code to create a bulletproof network that anyone can use. Last but not least, ETC enables highly efficient value transfers (more than Bitcoin and its variants), focuses on IoT applications and runs a mathematically verified Ethereum virtual machine, or EVM.
Do not hesitate to visit https://ethereumclassic.org/ to learn more about this cryptocurrency!
