{"id":515271,"date":"2023-01-08T05:17:41","date_gmt":"2023-01-08T10:17:41","guid":{"rendered":"https:\/\/ktsl888.com\/?p=515271"},"modified":"2023-03-08T07:26:18","modified_gmt":"2023-03-08T07:26:18","slug":"ethereum-classic-climbs-30","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/ethereum-classic-climbs-30\/","title":{"rendered":"Ethereum Classic (ETC) Price Balloons To Nearly 30% In Last 7 Days"},"content":{"rendered":"<p><span style=\"font-weight: 400\">Ethereum Classic (ETC), a decentralized, open-source and blockchain-based cryptocurrency, might soon lose its current momentum that allowed it to become one of the top performing crypto assets for the past week.<\/span><\/p>\n<p><span style=\"font-weight: 400\">A quick <\/span><a href=\"https:\/\/ambcrypto.com\/ethereum-classic-etc-sends-cautionary-signals-as-price-grows-by-over-25\/\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">review at some data points<\/span><\/a><span style=\"font-weight: 400\"> for the digital asset reveals that it is currently trading at an overbought position which might cause buyers to be \u201cexhausted\u201d and unable to sustain a further rally, yielding technical advantage to the bears once again.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Moreover, the altcoin\u2019s Bollinger Bands indicate that it is extremely volatile at the moment, making it susceptible to significant price swings that could happen in just a wink of an eye. This makes Ethereum Classic a more risky asset to trade or hold.<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/ktsl888.com\/news\/lido-up-by-more-than-55\/\" target=\"_blank\" rel=\"noopener \">Lido DAO Surges By More Than 57% in Just A Week \u2013 More Gains Up Ahead?<\/a><\/div>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-515274 size-full\" src=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/01\/etcc.png?resize=768%2C401\" alt=\"\" width=\"768\" height=\"401\" srcset=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/01\/etcc.png?w=768 768w, https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/01\/etcc.png?w=460 460w, https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/01\/etcc.png?w=750 750w\" sizes=\"(max-width: 768px) 100vw, 768px\"><\/p>\n<pre style=\"text-align: center\">Image: Coinpedia<\/pre>\n<h2><strong>Ethereum Classic: A Quick Glance At Impressive Run<\/strong><\/h2>\n<p><span style=\"font-weight: 400\">According to latest tracking from <\/span><a href=\"https:\/\/www.coingecko.com\/en\/coins\/ethereum-classic\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">Coingecko<\/span><\/a><span style=\"font-weight: 400\">, at the time of writing, ETC was changing hands at $19.82.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Although the crypto has declined by 2% over the last 24 hours, it is still enjoying a nearly 30% jump from its value seven days ago. Moreover, on a bi-weekly basis, the digital token tallied an upswing of 20.3%.<\/span><\/p>\n<p><span style=\"font-weight: 400\">During the last few days, Ethereum Classic was among the few cryptocurrencies that managed to post double-digit gains within the previous week led by Solana which surged by an astonishing 35%.<\/span><\/p>\n<p><span style=\"font-weight: 400\">As for the reason, some experts believe that the pivotal turnaround in the hash rate of the ETC towards the end of 2022 paved the way for miner profitability which, in turn, <\/span><a href=\"https:\/\/www.fxstreet.com\/cryptocurrencies\/news\/heres-why-ethereum-classic-witnessed-a-massive-rebound-in-its-price-with-hashrate-simulation-202301071253\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">increased the number of transactions<\/span><\/a><span style=\"font-weight: 400\"> processed by the asset\u2019s network.<\/span><\/p>\n<p><span style=\"font-weight: 400\">In fact, during the last two days, Ethereum Classic transaction count surged and hit a new monthly high. Following this, ETC recorded a 12% increase in its trading price, indicating that the spike in volume triggered an upward movement for the altcoin\u2019s value.<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/ktsl888.com\/news\/matic-up-6-5-in-last-7-days\/\" target=\"_blank\" rel=\"noopener \">MATIC Advances 6.5% In Last 7 Days \u2013 Can It Sustain Gains For Another Week?<\/a><\/div>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-medium\" src=\"https:\/\/www.tradingview.com\/x\/efPf5nLj\/\" width=\"2047\" height=\"979\"><\/p>\n<pre style=\"text-align: center\">ETC total market cap at $2.7 billion on the weekend chart | Chart: <a href=\"https:\/\/www.tradingview.com\/chart\/ajrdy9Lf\/\" target=\"_blank\" rel=\"noopener nofollow\">TradingView.com<\/a><\/pre>\n<h2><b>Preparing For Possible Price Drawback<\/b><\/h2>\n<p><span style=\"font-weight: 400\">Despite being \u201cin the green\u201d for more than a week now, Ethereum Classic is still haunted by the negative weighted sentiment that denotes bad convictions that investors harbor for the digital token.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Holders and prospective buyers are therefore advised to be cautious as non-positive sentiment is usually followed by a price retracement.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Coincodex, however, seems to disagree with this thesis as its forecasts for <\/span><a href=\"https:\/\/coincodex.com\/crypto\/ethereum-classic\/price-prediction\/\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">ETC remains bullish<\/span><\/a><span style=\"font-weight: 400\"> despite technical indicators saying otherwise.<\/span><\/p>\n<p><span style=\"font-weight: 400\">In fact, the online crypto data provider predicts the digital coin will change hands at $19.76 five days from now and will make another massive surge within the next 30 days to trade at $47.48.<\/span><\/p>\n<p><em>-Featured image: Invezz<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ethereum Classic (ETC), a decentralized, open-source and blockchain-based cryptocurrency, might soon lose its current momentum that allowed it to become one of the top performing crypto assets for the past week. A quick review at some data points for the digital asset reveals that it is currently trading at an overbought position which might cause buyers to be \u201cexhausted\u201d and unable to sustain a further rally, yielding technical advantage to the bears once again. Moreover, the altcoin\u2019s Bollinger Bands indicate that it is extremely volatile at the moment, making it susceptible to significant price swings that could happen in just a wink of an eye. This makes Ethereum Classic a more risky asset to trade or hold. Related Reading: Lido DAO Surges By More Than 57% in Just A Week \u2013 More Gains Up Ahead? Image: Coinpedia Ethereum Classic: A Quick Glance At Impressive Run According to latest tracking from Coingecko, at the time of writing, ETC was changing hands at $19.82. Although the crypto has declined by 2% over the last 24 hours, it is still enjoying a nearly 30% jump from its value seven days ago. Moreover, on a bi-weekly basis, the digital token tallied an upswing of 20.3%. During the last few days, Ethereum Classic was among the few cryptocurrencies that managed to post double-digit gains within the previous week led by Solana which surged by an astonishing 35%. As for the reason, some experts believe that the pivotal turnaround in the hash rate of the ETC towards the end of 2022 paved the way for miner profitability which, in turn, increased the number of transactions processed by the asset\u2019s network. In fact, during the last two days, Ethereum Classic transaction count surged and hit a new monthly high. Following this, ETC recorded a 12% increase in its trading price, indicating that the spike in volume triggered an upward movement for the altcoin\u2019s value. Related Reading: MATIC Advances 6.5% In Last 7 Days \u2013 Can It Sustain Gains For Another Week? ETC total market cap at $2.7 billion on the weekend chart | Chart: TradingView.com Preparing For Possible Price Drawback Despite being \u201cin the green\u201d for more than a week now, Ethereum Classic is still haunted by the negative weighted sentiment that denotes bad convictions that investors harbor for the digital token. Holders and prospective buyers are therefore advised to be cautious as non-positive sentiment is usually followed by a price retracement. Coincodex, however, seems to disagree with this thesis as its forecasts for ETC remains bullish despite technical indicators saying otherwise. In fact, the online crypto data provider predicts the digital coin will change hands at $19.76 five days from now and will make another massive surge within the next 30 days to trade at $47.48. -Featured image: Invezz<\/p>\n","protected":false},"author":557,"featured_media":515272,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[134,1558,9133,8323,1946,9134],"class_list":["post-515271","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-altcoin","tag-cryptocurrency","tag-etc","tag-eth","tag-ethereum","tag-ethereum-classic"],"acf":[],"yoast_head":"\n<title>Ethereum Classic (ETC) Price Balloons To Nearly 30% In Last 7 Days<\/title>\n<meta name=\"description\" content=\"Ethereum Classic (ETC), a decentralized, open-source and blockchain-based cryptocurrency, might soon 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Encila\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ktsl888.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/42cdb81dcbfceaa5f2e5c359239db36f?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/42cdb81dcbfceaa5f2e5c359239db36f?s=96&d=mm&r=g\",\"caption\":\"Christian Encila\"},\"description\":\"They say journalists never truly clock out. But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn. Christian's journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats \u2013 a testament to his dedication to his furry companions (more on that later). Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley! So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill). Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair. Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin\u2019 helps him analyze and write meticulously formatted articles even better. Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies. Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects. 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But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn. Christian's journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats \u2013 a testament to his dedication to his furry companions (more on that later). Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley! So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill). Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair. Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin\u2019 helps him analyze and write meticulously formatted articles even better. Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies. Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects. 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