Ethereum Classic News, News

Ethereum Classic Price Drops Near To $50 – Should Investors Really Worry?

Ethereum Classic [ETC] price and trading volume have dropped by more than 7% in the past 24 hours and cryptocurrency now holds a market capitalization of more than $ 6.7 billion.

While the cryptocurrency market grew at a good rate of growth, it fell by more than $200 billion between Tuesday, 5th October 2021, to October 6th, 2021. While the Ethereum Classic currency price reached $ 76.94 on 6th September 2021, dropped to $ 51.48 today on 6th October 2021.

Currently, the price of a single Ethereum Classic coin is $ 51.48 USD and has seen a negative exchange rate of 3.73% in the last 24 hours.

Ethereum Classic Price Drops Near To $50 - Should Investors Really Worry?

Ethereum Price Chart – Source: CoinMarketCap

Ethereum Classic trading volume has dropped by more than 3.65% in the last 24 hours and cryptocurrency now holds a market capitalization of more than $ 6.7 billion. The lowest and highest price for the 28th ranked asset Ethereum Classic is $ 51.48 and $ 53.762 respectively. However, the always high value of a coin is still a long way off, recorded in May 2021 at $ 176.16.

There are more than 130 million ETH coins distributed. Read on to find out more about the Ethereum Classic price forecast.

According to a recent analysis, the price of Ethereum Classic will reach $75 by the end of this year and $100 USD by 2022. In addition, the mid-year price for 2025 is expected to be over $1000 USD.

According to WalletInvestor, cryptocurrency will reach approximately $116 in one year and $ 291 in the next five years. According to Gov.Capital, the price of Ethereum Classic should rise to about $100 in one year. That being said, it would be a good time to invest in ETC, as prices are low.

According to the official Ethereum Classic Twitter page, Geth usage is causing about 20% of the network to crash. According to a recent CoinFomania report, “an anonymous hacker has used a hack on an older version of the popular Ethereum network client, Go Ethereum (Geth for short). for the price of Ethereum Classic.

However, the cryptocurrency network is recovering,  the Ethereum Classic market fund stands at more than $ 7 billion. The coin has more than 210 million total receipts.

Leave a Comment

Your email address will not be published. Required fields are marked *