• Bitcoin
  • Altcoins
  • NFT
  • Metaverse
  • Analysis
  • Learn
  • Market Cap
What's Hot

Algorand up over 12% following on from India partnership

2023-03-29

687,170,000,000,000 Shiba Inu (SHIB) Now in Hands of Long-Term Holders: On-Chain Data

2023-03-29

Ripple’s Appeal In SEC Lawsuit To Retain Status Quo: John Deaton

2023-03-29
Facebook Twitter Instagram
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
Facebook Twitter Instagram
The Crypto News Insider
  • Bitcoin

    Ripple’s Appeal In SEC Lawsuit To Retain Status Quo: John Deaton

    2023-03-29

    Bitcoin Price Reclaims $28,500 Amid Binance FUD, Here’s Why

    2023-03-29

    Binance CFTC Lawsuit Enough To Affect Major Crypto Downtrend?

    2023-03-28

    After CFTC, SEC Sue Binance On BTC Securities?

    2023-03-28

    Miners Dumping Bitcoin To Crypto Exchanges, BTC Price Reversal Below $25K Likely

    2023-03-28
  • Altcoins

    SHIB enters critical zone, Shibarium beta launch might happen this week?

    2023-02-19

    Is Ethereum [ETH] setting up a big show ahead of Shanghai upgrade? 

    2023-02-19

    Shibarium Beta To Go Live Next Week: Rumors or Reality?

    2023-02-19

    Helium to migrate to Solana on this date, here’s how HNT reacted

    2023-02-19

    ETH tests 5-month high as whales retain this % of supply, more inside

    2023-02-19
  • NFT

    Shiba Inu Launches New Twitter Account For Its NFT Project

    2023-03-29

    Ethereum Staking Provider Lido to Incorporate NFTs Into Unstaking Process

    2023-03-28

    Real Estate Investors Buy Solana NFT Home for $246,800

    2023-03-28

    NFT Gaming Company partners with ChatGPT and MidJourney

    2023-03-28

    Top 10 NFT-Supporting Blockchains by Thirty-Day NFT Sales Volume

    2023-03-28
  • Metaverse

    Disney Metaverse Division Reportedly Scrapped

    2023-03-28

    Animoca Denies $200M Metaverse Fund Cut

    2023-03-27

    Metaverse Trading Hits All-Time High

    2023-03-24

    Exploring the Metaverse: A Guide to Investing in Metaverse Stocks

    2023-03-20

    A Guide to Virtual Land Staking in the Metaverse

    2023-03-20
  • Analysis

    Algorand up over 12% following on from India partnership

    2023-03-29

    687,170,000,000,000 Shiba Inu (SHIB) Now in Hands of Long-Term Holders: On-Chain Data

    2023-03-29

    Coin Bureau Names Aave, THORChain and Three Additional Crypto Assets on Its Altcoin Watch List

    2023-03-29

    Crypto Analyst Issues Warning on ‘Polygon Killer’ Aribtrum, Says ARB Will Never Reach $100

    2023-03-29

    Sam Bankman-Fried Charged by DOJ for Allegedly Bribing Chinese Government Officials With $40,000,000

    2023-03-28
  • Learn

    Chart Patterns Cheat Sheet For Technical Analysis

    2023-03-21

    Best NFT Wallets in 2023

    2023-03-21

    Top 10 Best Ethereum Wallets 2023

    2023-03-18

    What are Dapps (Decentralized Applications) Crypto?

    2023-03-17

    How to Short Sell Bitcoin

    2023-03-17
  • Market Cap
The Crypto News Insider
Home»Analysis»Ethereum Classic (ETC) Reclaims $3 Billion Market Cap, More Upside To Follow?
Analysis

Ethereum Classic (ETC) Reclaims $3 Billion Market Cap, More Upside To Follow?

2022-07-19No Comments3 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email

Ethereum Basic (ETC) has adopted the lead of its bigger counterparts and posted some super positive aspects within the final couple of weeks. The token, which is an offshoot of the second-largest cryptocurrency, Ethereum, has been struggling because of the bear development that has been plaguing the market. However because the sentiment has begun to show, Ethereum Class (ETC) has emerged as one of many largest winners of the final week.

Ethereum Basic Provides 80%

Ethereum Basic’s restoration within the final week has been nothing wanting miraculous. The place different cryptocurrencies have been posting positive aspects under 50%, the altcoin has surged greater than 80% within the final 7 days alone. Extra particularly, Ethereum Basic (ETC) is up 83.505, in keeping with knowledge from Coinmarketcap.

Associated Studying | Bitcoin Marks One Month Of Destructive Funding Charges, Extra Decline Incoming?

This restoration has taken the value of the digital asset and catapulted it into the mid $20s. After spending most of final week trending round $14, the value is now up nearly 100% on this time interval. In the identical vein, the overall market cap of the cryptocurrency has climbed. It added greater than $1 billion to its market cap within the final two days alone, to be sitting at its present degree of $3.97 billion on the time of this writing.

It’s no shock that the altcoin is surging at the moment. It has all the time proven a bent to comply with the value actions of Ethereum. Nonetheless, the margin by which it’s surging above its predecessor has been extensive, displaying a deviation from this traditional correlation.

See also  Why the Ethereum Merge Was a “Sell the News” Event

Ethereum Classic market cap from TradingView.com

ETC market cap crosses $3 billion | Supply: Market Cap ETC on TradingView.com

ETC Is Not Accomplished But

The symptoms for Ethereum Basic (ETC) level to extra steam within the present rally. An instance is the truth that the digital asset during the last couple of days. It has constantly closed within the inexperienced within the final three days, and the indications level to a different inexperienced shut for ETC.

Associated Studying | Liquidations Cross $230 Million As Ethereum Barrels Previous $1,400

One other every day shut above $25 will possible see the value rally to $30 earlier than the week is over. It will carry its restoration during the last one week to greater than 100%. Its 100-day shifting common is slightly below $27, so a cross to $30 would put it larger above this degree, in addition to larger than its year-to-date shifting common. It will cement its bull development over the following week.

There may be nonetheless vital promote stress mounting up as traders are taking out some revenue. Nonetheless, help is forming at $25, which provides it a mushy touchdown whether it is unable to interrupt the $27 resistance. Additionally, if Ethereum’s restoration continues, then help will proceed to pour in for Ethereum Basic, pushing its worth additional.

Featured picture from The Coin Republic, chart from TradingView.com

Observe Best Owie on Twitter for market insights, updates, and the occasional humorous tweet…



Source link

Billion cap Classic Ethereum follow market Reclaims Upside
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Algorand up over 12% following on from India partnership

2023-03-29

687,170,000,000,000 Shiba Inu (SHIB) Now in Hands of Long-Term Holders: On-Chain Data

2023-03-29

Coin Bureau Names Aave, THORChain and Three Additional Crypto Assets on Its Altcoin Watch List

2023-03-29

Bitcoin Price Reclaims $28,500 Amid Binance FUD, Here’s Why

2023-03-29
Add A Comment

Leave A Reply Cancel Reply

Top Posts

Otherside NFT Sales Slashed by More Than $900 Million to Reach 2022 Low

2022-07-15

Why zero-knowledge KYC won't work

2023-02-16

Breaking: Bitcoin Jumps 17% Breaks $26K As US CPI Inflation Cools To 6%

2023-03-14

Subscribe to Updates

Get the latest news and Update from Thecryptonewsinsider.com about Crypto, Metaverse and NFT.

About
About

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, NFT, Metaverse and more.

We're social. Connect with us:

Facebook Twitter Instagram Pinterest
Top Insights

Algorand up over 12% following on from India partnership

2023-03-29

687,170,000,000,000 Shiba Inu (SHIB) Now in Hands of Long-Term Holders: On-Chain Data

2023-03-29

Ripple’s Appeal In SEC Lawsuit To Retain Status Quo: John Deaton

2023-03-29
Get Informed

Subscribe to Updates

Get the latest news and Update from Thecryptonewsinsider.com about Crypto, Metaverse and NFT.

  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
© 2023 Thecryptonewsinsider.com. - All rights reserved.

Type above and press Enter to search. Press Esc to cancel.

  • bitcoinBitcoin(BTC)$28,340.005.75%
  • ethereumEthereum(ETH)$1,809.545.23%
  • USDEXUSDEX(USDEX)$1.08-0.31%
  • tetherTether(USDT)$1.00-0.10%
  • binancecoinBNB(BNB)$317.222.73%
  • usd-coinUSD Coin(USDC)$1.00-0.19%
  • rippleXRP(XRP)$0.5717.10%
  • cardanoCardano(ADA)$0.38728911.15%
  • staked-etherLido Staked Ether(STETH)$1,806.105.10%
  • dogecoinDogecoin(DOGE)$0.0759735.08%
Manage Cookie Consent
To provide the best experiences, we use technologies like cookies to store and/or access device information. Consenting to these technologies will allow us to process data such as browsing behavior or unique IDs on this site. Not consenting or withdrawing consent, may adversely affect certain features and functions.
Functional Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes. The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
Manage options Manage services Manage vendors Read more about these purposes
View preferences
{title} {title} {title}