{"id":11455,"date":"2022-03-22T11:43:47","date_gmt":"2022-03-22T11:43:47","guid":{"rendered":"http:\/\/egrowonline.com\/?p=11455"},"modified":"2022-03-22T11:43:47","modified_gmt":"2022-03-22T11:43:47","slug":"altcoins-price-predictions-ethereum-classic-elrond-eos","status":"publish","type":"post","link":"http:\/\/egrowonline.com\/?p=11455","title":{"rendered":"Altcoins price predictions: Ethereum Classic, Elrond, EOS"},"content":{"rendered":"


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Ethereum Classic price has come back to life after crashing to a multi-month low in March this year. It rose to an intraday high of over $44 as the altcoin season goes on. As a result, its total market cap has jumped to more than $5.8 billion, making it the 28th biggest coin in the world.<\/p>\n

It is not alone as other altcoin prices have rebounded. For example, the Elrond price has soared by over 12% in the past 24 hours and 30% in the past seven days. Other altcoins that are doing well are IoTeX, EOS, Ave, and Xido Finance.<\/p>\n

Selling the rumor, buying the fact<\/h2>\n

There are several reasons why altcoins like Ethereum<\/a> Classic and IoTeX are soaring even after the hawkish interest rate decision by the Federal Reserve.<\/p>\n

Last week, the Fed decided to hike interest rates by 0.25% in its bid to deal with the rising inflation. The dot plot showed that officials expect that they will raise interest rates six more times this year.<\/p>\n

In a statement on Monday, Jerome Powell reiterated that the Fed will be more aggressive this year. He even went as step further and hinted that he will be supportive of a 50 basis point rate hike in the upcoming meeting. Therefore, there is a likelihood that this will be the most hawkish period that the Fed has been in a while.<\/p>\n

In theory, the statements by the Fed should be bearish for stocks and cryptocurrencies. Therefore, a likely reason for the sell-off is that investors sold the rumours of the hawkish Fed and are now buying the fact.<\/p>\n

Ethereum Classic price is also rising because analysts believe that it had become extremely cheap. Also, with Ethereum\u2019s merge approaching, there is a likelihood that most ETH miners will start to embrace ETC mining instead.<\/p>\n

Ethereum Classic price prediction<\/h2>\n

Turning to the four-hour chart, we see that the ETC price has been in a strong bullish trend in the past few days. Along the way, the coin has moved above the key resistance levels at $31.50 and $37.5. These were the highest points in February this year. At the same time, the coin has moved above the 25-day and 50-day moving averages while the MACD has kept rising.<\/p>\n

Therefore, there is a likelihood that the Ethereum Classic price will keep rising as bulls target the key resistance at $50. It is then expected to have a pullback as profit-taking takes place.<\/p>\n

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Elrond price prediction<\/h2>\n

In my previous Elrond price prediction<\/a>, I noted that the coin will likely keep rising with the next target being at $185. This forecast was accurate as the coin is now just a dollar below that level. On the 4H chart, it is being supported by the 25-day and 50-day moving averages and there are signs of bottoming happening. Therefore, the coin will likely extend its rally as buyers target the resistance at $200.<\/p>\n

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EOS price prediction<\/h2>\n

I consider EOS to be a ghost chain simply because of the emptiness of its ecosystem. Still, it has not been left behind in this altcoin rally since its price has risen by over 10% in the past 24 hours. On the four-hour chart, the coin is also above the short and long-term moving averages. It has also crossed the important resistance level at $2.30. Therefore, the bullish trend wil also likely continue in the near term.<\/p>\n

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Ethereum Classic price has come back to life after crashing to a multi-month low in March this year. It rose to an intraday high of over $44 as the altcoin season goes on. As a result, its total market cap has jumped to more than $5.8 billion, making it the 28th biggest coin in the […]<\/p>\n","protected":false},"author":1,"featured_media":11456,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[42],"tags":[200,682,4992,1383,158,424,195],"class_list":["post-11455","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-altcoins","tag-altcoins","tag-classic","tag-elrond","tag-eos","tag-ethereum","tag-predictions","tag-price"],"jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"http:\/\/egrowonline.com\/wp-content\/uploads\/2022\/03\/1647422775-Elrond.jpg","_links":{"self":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/11455","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=11455"}],"version-history":[{"count":1,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/11455\/revisions"}],"predecessor-version":[{"id":11457,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/11455\/revisions\/11457"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/media\/11456"}],"wp:attachment":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=11455"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=11455"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=11455"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}