Ethereum Classic Drops More Than 4% in 24 Hours
The cryptocurrency Ethereum Classic (ETC) experienced a significant drop in its value. It decreased by 4.82% within the last 24 hours, pulling its price down to $24.22. This decline continues a weekly downward trend of 10.0% from its previous price of $27.00.
Price Movement and Volatility
Below is a comparison chart that shows Ethereum Classic's price movements and volatility over the last 24 hours and the past week. The Bollinger Bands, represented by gray bands, are used to measure volatility. The wider these bands are, the greater the price fluctuations:
- Left Side: 24-hour price movement and volatility
- Right Side: 7-day price movement and volatility
Trading Volume and Supply Changes
While the trading volume for Ethereum Classic has fallen by 12.0% over the past week, the circulating supply has seen a slight increase of 0.06%. The circulating supply now stands at 147.56 million ETC, accounting for approximately 70.03% of its maximum supply of 210.70 million ETC.
Current Market Cap Ranking
Ethereum Classic currently holds a market cap ranking of #29 with a market capitalization of $3.59 billion.
Summary
- Price Decrease: 4.82% in 24 hours
- Current Price: $24.22
- Weekly Downward Trend: 10.0%
- Trading Volume Decrease: 12.0%
- Circulating Supply Increase: 0.06%
- Market Cap: $3.59 billion
- Market Cap Ranking: #29
Understanding these fluctuations in Ethereum Classic’s price and volatility can help investors make informed decisions. Keep an eye on the trading volume and circulating supply for a better grasp of market dynamics.
