Date: 3 months ago   Category: Economy

Coinbase-effect: the price of Ethereum Classic has grown on the eve of listing


The cryptocurrency of Ethereum Classic heads recovery of the market, she has added nearly another 17% to earned yesterday 20% and now about $14 according to coinmarketcap.com are trading.

the Gain has begun after the cryptocurrency giant Coinbase in the publication on Twitter declared that ETC will be available to purchase and the auction on their platform about 01:00 Fridays on UTC.

of Ethereum Classic has reached the highest value for the last two months in $18,50 this month earlier, the same level to which he has come on July 7 when the next announcement from Coinbase has been published. Listing on Robinhood has also influenced growth of the price of ETC.

Ethereum Classic Price also shot earlier when rumors about listing on Coinbase have appeared. Subsequently, when on June 21 Coinbase declared that they will soon add currency to listing, it has caused mad purchase through which the price has flown up. Actually in the middle of June the price of ETC fluctuated from the highest value of $19,80 to $17. However the asset has all the same fallen a victim of cryptocurrency accident and has fallen to a minimum of 2018, $11, a few days ago.

the Historical absolute maximum of Ethereum Classic makes $45,51 for today. It is possible to carry $42,38 fixed at the end of February and $24,70 which were at the beginning of May to other tops.

For achievement of the maximum value in $45,51, Ethereum Classic has moved from $26,99, having increased by 68%. In the same way, to reach $42,38, Ethereum Classic has passed from $25,92, having increased by 63%. At last, in May before reaching $24,70, Ethereum Classic has grown from $16,15, having increased by 52%. Growth for Ethereum Classic averages 61%.

However it is necessary to be careful when forecasting the fact that the price of Ethereum Classic will continue to grow as as it often happens, mass outflow, it seems, will take place after real listing on Coinbase. Investors usually in large quantities merge the coins, creating strong price falling. And then traders take away currency at much lower prices, than to primary announcement. The price has to reach the level which was before listing as the liquidity and demand finally are stabilized finally.

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