This article looks at how Ethereum (ETH) and Ethereum Classic (ETC) have performed against the U.S. dollar in 2019.
Before we start to look at how these two cryptocurrencies have been performing in 2019, it might be useful to present the one-year price charts for both:
The price information given in the two sections below was obtained around 10:00 UTC on August 26. ATH is used as an abbreviation for “All-Time High”, ROI is used as the abbreviation for “Return on Investment”.
Ethereum (ETH)
- Current Price: $190.12
- ATH (reached on 13 January 2018): $1,431.77
- Percentage Down From ATH: 86.73%
- One-Week ROI: -4.47%
- One-Month ROI: -10.99%
- Three-Mon ROI: -29.84%
- One-Year ROI: -30.49%
- Year-to-Date ROI: +41.73%
Ethereum Classic (ETC)
- Current Price: $7.38
- ATH (reached on 21 December 2017): $47.77
- Percentage Down From ATH: 84.61%
- One-Week ROI: +32.06%
- One-Month ROI: +22.21%
- Three-Mon ROI: -10.94%
- One-Year ROI: -40.42%
- Year-to-Date ROI: +46.57%
ETH vs ETC in 2019
While the one-year ROI and year-to-date ROI figures are not too different, when we take a closer look at the past three months, we see that Ethereum Classic has performed much better than Ethereum, especially in the past 30 days.
The question is why. Well, one possible explanation is that although both Ethereum and Ethereum Classic have upcoming hard forks in 2019, Atlantis, the Ethereum Classic hard fork, has successfully gone live on testnets and is expected to go live on the mainnet on September 13 (i.e. in around three weeks), whereas Istanbul, the next Ethereum hard fork, will probably only go live on Ethereum’s Ropsten testnet sometime in September (or later), and it is highly unlikely to launch on the Ethereum mainnet earlier than October.
Featured Image Credit: Photo via Pixabay.com
