Despite all the differences recorded in June in the crypto market, we can say that the month for Ethereum Classic is more than successful. The recent announcement by Coinbase on the planned asset additions in the stock exchange list has spurred price. However, when even the news hype subsided, ETC didn't stop growing. The coin tends to the mark of $20, and has all chances to restore the two – month maximum - $24.7.
At the time of writing, Ethereum Classic is valued at $17.17, showing an increase of 7.81%.
It is not yet fully clear what caused the surge. However, it is possible to study the historical data of Ethereum Classic to try to predict the further price movements of the asset.
The peak value of Ethereum Classic was $45.51 dollars. Also, the peaks are fixed at $42.38 and $24.7. Before reaching a maximum of $45.51, ETC was trading at $26.99, an increase of 68%. Similarly, before reaching the $42.38 mark, Ethereum Classic was worth $ 25.92, an increase of 63%. Finally, in may, before reaching the $24.70 mark, Ethereum Classic jumped from $16.15, an increase of 52%. The average increase in the value of the asset to the peak value is 61%.
Given this trend, it can be assumed that from the level of 16.86 ETC can jump to $27.25 with an increase of 61%. Although now it is quite difficult to talk about the time frame for such growth, as the crypto-currency market as a whole has not yet completely got rid of bearish pressure. In the above periods of highs, market behavior was significantly different. Historical data is a good subject for speculation,but analysts are in no hurry to give accurate and confident predictions.
Historical analysis points to the repeated" behavioral patterns " of the cryptocurrency, however, do not take into account the current specifics of the market. Therefore, you should be aware of all the risks before investing in a particular asset. Even if experts talk about growth prospects, you should not give in to emotions and fear to miss the opportunity.
@djimirji up!
@cleverbot, @banjo
What is devil may cry?
This post has received a 1.04 % upvote from @drotto thanks to: @serfis.
Congratulations! This post has been upvoted from the communal account, @minnowsupport, by serfis from the Minnow Support Project. It's a witness project run by aggroed, ausbitbank, teamsteem, theprophet0, someguy123, neoxian, followbtcnews, and netuoso. The goal is to help Steemit grow by supporting Minnows. Please find us at the Peace, Abundance, and Liberty Network (PALnet) Discord Channel. It's a completely public and open space to all members of the Steemit community who voluntarily choose to be there.
If you would like to delegate to the Minnow Support Project you can do so by clicking on the following links: 50SP, 100SP, 250SP, 500SP, 1000SP, 5000SP.
Be sure to leave at least 50SP undelegated on your account.
This post has been upvoted by @microbot with 4.1%!
You want higher upvotes?
Vote for my creator @isnochys as witness!
Did you know, that you can make some profit with your witness vote?
More profits? 100% Payout! Delegate some SteemPower to @microbot: 1 SP, 5 SP, 10 SP, custom amount
You like to bet and win 20x your bid? Have a look at @gtw and this description!
How Cool!
You got a 5.88% upvote from @coolbot courtesy of @serfis!
Help us grow, delegate today!