Ethereum Classic and Arbitrum Price in Red on the Weekly Chart, Pomerdoge Predicted to Outperform Shiba Inu in 2023
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Ethereum Classic (ETC) and Arbitrum (ARB) price dip in the red zone throughout the weekly chart, this now marks a solid point in time to diversify. Pomerdoge (POMD) is seen as the top-performing cryptocurrency for 2023 and can be the next blue-chip token to outperform even the most rapid growth of Shiba Inu (SHIB). Today, we will analyze each altcoin's value to see how far it can climb.
Summary
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The Ethereum Classic (ETC) price is projected from the 200-day EMA, and it's in a position to face a downward trend. Its price is stuck between the $17 and $22 range.
Moreover, the Ethereum Classic crypto's price performance does showcase that it can bounce back. However, the prices will gain momentum when buyers break past the $20 price barrier. In addition, as of July 31, 2023, Ethereum Classic trades at $18.73.
During the past 30 days, it's been down by a total of 11.2%, and it's down 53% year-to-date. Its trading volume is at $211,088,299, spiking by 182.45% in the last 24 hours, and its market cap is at $2,660,946,884. Subsequently, according to an Ethereum Classic price prediction, the highest point it can reach in 2023 is $24.72.
Arbitrum (ARB) has seen significant attention, especially after its DAO approved an improvement proposal. The proposal will lock up $770 million in ARB tokens. This new vesting schedule is meant to drive tokenomics. However, while this was a major step, the value has declined rapidly.
In addition, as of July 31, 2023, the Arbitrum crypto trades at $1.18. During the past two weeks, it went into the red zone and saw a drop
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