Ethereum Classic (ETC) is one of the oldest cryptocurrencies that still has maintained its place among the top altcoins as it has reached a market cap of over $6 billion and trades on all major exchanges.The coin’s popularity has piqued investors’ interest; therefore, many people look for the accurate Ethereum Classic price prediction.However, some associate Ethereum Classic with risks.
Today’s Ethereum Classic price is $24.38, with a 24-hour trading volume of $1,075,457,791.Ethereum Classic is down 4.67% in the last 24 hours.The current CoinMarketCap ranking is #24, with a live market cap of $3,314,013,527.It has a circulating supply of 135,909,823 ETC coins and a maximum supply of 210,700,000 ETC coins.
Ethereum Classic faced a strong bearish current due to changing market.The latest data shows that it has shed 12.77%.Comparing the weekly performance, its losses have increased to 29.41%.
Also Read:
• Top 16 Best Ethereum Wallets
• Ethereum Price Prediction
• How To Invest In Ethereum?
• How To Stake Ethereum?
Ethereum Classic Price Prediction 2022 past performance by Coinmarketcap
Ethereum Classic growing bulk – an interesting development
Ethereum Classic follows Bitcoin in gains as it has accumulated 0.78% gains over the last 24 hours of 7 March 2022.
However, Ethereum Classic, compared to Ethereum, has a lower value.The seven-day performance shows that ETC shed 11.66%.The current price for Ethereum Classic is estimated to be $26.65.
Ethereum Classic price forecast Source: TradingView
Ethereum Classic saw a 150% rise in its trading volume over the last 7-days.A movement that was in sync with the increasing current circulating supply of the coin, which flew upwards by 2.56%.Thereby, resulting into the circulating supply crossing the 134.7 million mark.Currently, the live market capitalization stands at $2.89 billion, with a ranking of #32.
If we take a peek at the market cap of Ethereum Classic, it is estimated to be $3,555,272,274.The 24-hour trading volume shows hope for this coin as activity has grown.Its value has grown to $389,907,192.The circulating supply of this coin remained 133,400,747 ETC.
ETC was created due to a split in the developer and user community, just like with Bitcoin and Bitcoin Cash.Ethereum Classic is one of those coins that remain in the market even after several other coins cease to exist.
Therefore, it becomes necessary to have Ethereum Classic price prediction and know what benefits it may give you.
What is Ethereum Classic?
Ethereum Classic coin was created in July of 2016 due to a split in the Ethereum community after the original blockchain got hacked.Fundamentally, the two blockchains – Ethereum and Ethereum Classic were similar at first.The history of this crypto is definitely valuable.
Ethereum Classic is a hard fork of the source platform Ethereum which occurred in 2016 after the hack of the Ethereum-based Decentralized Autonomous Organization (DAO).The community got split into two opposing camps, and the same happened to the project as well.
Over time, differences arose as the Ethereum classic network community wanted to keep the blockchain running on a Proof-of-Stake consensus algorithm and secure blockchain immutability.
The Ethereum community wanted to develop it into a much advanced, proof-of-stake-based digital currency.
Few people understood the concept of division in the initial stages, and the Ethereum Classic prediction remained at a lower level.The hard fork coin is more of a protocol rather than a store of value like gold.Ethereum Classic’s current market status is being compared to gold, despite the overall crypto market facing a broad sell-off in the past week.
For those investors who wanted to exit the DAO, the so-called “Split function” exposed an enormous loophole in the whole system.Instead of simply requesting a refund, the hacker launched a recursive function that repeated the request before the initial transaction was registered on the blockchain.
Overview
Halving Events
Ethereum Classic’s total supply is hard-capped at 210,700,000 ETC as of December 2017.
Similar to Bitcoin having reward halving, Ethereum classic reduces its block reward by 20 percent every 5,000,000 blocks.At every halving event, it is necessary to update the Ethereum Classic prediction.This is applicable to every cryptocurrency out there.
Ethereum Classic works on the Proof-of-Work protocol and has great potential owing to the Nakamoto Consensus mechanism.Recently, Ethereum Classic reduced the block reward for mining each block from 4 ETC to 3.2 ETC.
The Ethereum Classic prediction became more optimistic due to the halving event as the coins left to mine lowered down.Therefore, Ethereum Classic price has become more similar to Bitcoin’s price in some aspects than its original source – Ethereum.
People have always compared Ethereum Classic price and functionality to that of Ethereum, the latter winning every time.
Today, we can see that the Ethereum Classic price rise has slowed down and the coin even fell behind the original Ethereum, which the Ethereum Foundation runs.Ethereum trades with a much larger market capitalization and has gained much larger popularity.However, Ethereum Classic is still trendy and can be purchased on practically every cryptocurrency exchange.Therefore, let us have a look at the Ethereum Classic price prediction.
Developments affecting the price
Digital assets manager, Grayscale Investments recently announced that its Ethereum Classic Trust is now an SEC reporting company.With this move, ETC joins the list of investment vehicles from the world’s largest digital asset manager.
A list that also includes Bitcoin, Bitcoin Cash, Ethereum, Litecoin, and Digital Large Cap Fund.
The functionality differences increase over time, creating large price and capitalization size differences.However, the Ethereum classic is still one of the good coins to diversify your cryptocurrency market investment portfolio and avoid high risk.
In the last 48 hours, sometime in May 2021, Ethereum Classic has registered a new all-time high as it moved past the $175 mark to settle at around $197.On looking at its price movement in the last few days, Ethereum Classic appears to have outdone most of the top crypto coins.This bullish momentum has seen the crypto asset safeguard a spot for itself among the top 15 most significant cryptocurrencies in the market.
What could be the secret for a cryptocurrency trading from $35 in late April to $110 on 5 May? Well, the secret is the sudden market interest in Ethereum, Ethereum Classic’s pricier sibling, and social media attention.At the moment, amateur investors are confusing Ethereum with Ethereum Classic hence the sudden uptrend.Others prefer the crypto coin due to its inexpensive cost compared to its costly sibling.
Could this happen again?
Should you invest in Ethereum Classic?
When comparing Ethereum blockchain vs.Ethereum classic blockchain, the difference can’t be clearer.We can see that Ethereum has performed substantially better than the Ethereum Classic price over the past years.Price as a well-performing factor fuels its increased usage among users, pushing vendors and service providers to widen their accepted deposit methods and add Ethereum.For example, price predictions show that it will equate to and even overseed the usage of Bitcoin in iGaming deals.Should you sell Ethereum Classic and buy Ethereum instead?
Ethereum Classic has also been in shambles as the expectations regarding Bitcoin’s rise to $100K have turned to fears of stability at $40K.
As previously, the growth of Bitcoin was expected to bring stability to other coins, including the Ethereum Classic, but it didn’t happen.As a result of this change, there has been a continuous decline seen in the case of many coins.
Despite the ongoing difficulties for the market, there are chances of a market revival.
If you buy the dip, there are chances that you might feel fortunate to have bought Ethereum Classic.As Bitcoin makes further gains, there are chances that the Ethereum Classic might also cross $50.The rise of this currency depends on a rally and stability in the value.
If we look at the forecast given by Wallet Investor, it shows that the Ethereum Classic price might reach $177.290 in the coming five years.
ETC Price History
Analyzing its performance for the past week shows that Ethereum Classic has fluctuated from $30 to lower values.The reason for this fluctuation is the ongoing situation of market instability due to geopolitical crises.
Ethereum’s classic price has shed more than $4 in a single week, which shows how it has been through hard times.As the market continues to be bearish, there are chances that the Ethereum Classic price might not be able to get the desired gains.
Ethereum classic current market status Source: CoinMarketCap.com
Ethereum Classic Price Prediction (Update)
Ethereum Classic Technical Analysis
The price of Ethereum Classic has continued to fluctuate over time since its impressive rally a few months ago.The token gained significant attention when its market price rose above $100 to record an all-time high price f $176 approximately a year ago.ETC, later on, experienced a sudden price fall that wiped out several ETC investors Based on the technical analysis below shows how ETC is set for a long bullish run from 2022 and beyond The prices of ETC appear to be highly bullish on the RSI, showing a potential growth to new higher highs in the coming years.
Ethereum Classic Price Predictions 2022 – 2031
Ethereum Classic price prediction from 2022 to 2031 portrays a general bullish trend that encourages long-term ETC investors to hold on to their investments and potentially add more Today, the price of ETC oscillates around the $25 trading price, and price predictions by Cryptopolitan show that ETC could trade at an average price of $36 by the end of 2023 Further price projections show an estimated price of $73.73 by the end of 2025 and an incredible increase to $500+ by the end of 2030.
Walletinvestor
Wallet Investor predicts a short-term increase in the price of ETC Based on their smart technical analysis, the platform shows that Ethereum classic could average a trading price of $35.519 by the end of 2023 The one-year forecast by Wallet Investor shows the solid bullish momentum being developed on the ETC price chart, enabling even further price increases, in the long run, The five-year price forecast for Wallet Investor shows the coin could trade at an average trading price of $93.73, showing impressive growth rates for crypto investors.
TradingBeasts
The Trading Beasts platform provides a different price prediction analysis of the ETC token.As per their projections, ETC does not make the list of suitable crypto investments for the short term.The crypto prediction platform shows that ETC will continue to record price falls in 2022 and 2023, with a maximum percentage loss of about 24% by August 2023 to trade at $18 on average.
However, the platform’s analysis shows that ETC will begin to recover from 2023 onwards to build solid bullish momentum.The predicted price of ETC is projected to skyrocket from 2023 to 2025 and beyond, to trade at an average price of $55.058 by December, recording a 78% price increase from the current price of ETC.
Cryptopolitan
The Cryptopolitan platform maintains a bullish prediction for the Ethereum classic price.After careful analysis of the past price action of ETC, it is determined that the price of ETC could grow in a positive direction.
Based on both fundamental and technical analysis of the Ethereum Classic price chart, the token bullish trend is building up as a bullish divergence is expected.
According to the price forecasts, the price of ETC could reach $73.73 by 2025.Further analysis shows that Ethereum Classic could trade at $529.28 by the end of 2030.
Ethereum Classic Price Prediction 2022 to 2031
Ethereum Classic Price Prediction 2022
ETC price prediction 2022 shows that cryptocurrency prices will increase modestly from their current price.Minimal changes are expected to occur during this period from the time of this writing to December 2022.Based on Cryptopolitan’s analysis, the highest possible price for ETC tokens by December 2022 is $27.22.
Ethereum Classic Price Prediction 2023
Ethereum Classic price prediction 2023 appears to be a mix of short-term bull and bear markets.The predictions fluctuate significantly, with a slightly positive tilt.The general trendline is upwards; however, minimal gains are expected for the overall price of the Ethereum Classic token within the year.According to predictions, the ETC coin price could range between $35.09 and $41.63 in 2023.
Ethereum Classic Price Prediction 2024
In 2024 ETC could trade at $50; the Ethereum Classic price prediction indicates a continued positive growth trend.The analysis is optimistic about the future price of Ethereum Classic.
Based on the analysis, the projected average price of the ETC by mid-2024 is $51.746, while the expected maximum price is projected to be $60.77.
Ethereum Classic Price Prediction 2025
By 2025, the price of ETC is expected to reach a maximum value of $85.52.The prices are generally expected to follow an upward trend with significant price increases.However, in 2025, the price volatility is projected to be high, and the value of the Ethereum Classic token is forecasted to oscillate between $71.14 and $85.52.
Ethereum Classic Price Prediction 2026
ETC token could trade at $110 in 2026.The Price forecasts for Ethereum Classic in 2026 portray a solid bullish momentum accumulated over the years.Based on the forecasts, the prices of the ETC cryptocurrency will continue to increase The predicted average value of ETC tokens in 2026 is $109.22.Essentially, the value of the Ethereum Classic coin is expected to oscillate between $106.27 and $123.70 in 2026.
Ethereum Classic Price Prediction 2027
ETC could record an average trading price of $158.69 in 2027.Based on our predictions that take complete account of the current price of Ethereum Classic and the past prices, the price of ETC in 2027 will surpass the $150 mark.The technical indicators applied on the price chart of Ethereum Classic show that ETC forecast prices could record a minimum market value of $154.32 and a maximum trading value of $1183.92.
Ethereum Classic Price Prediction 2028
The ETC token is projected to trade at $226 in 2028.
The price prediction of the Ethereum Classic cryptocurrency in 2028 continues to be optimistic.The value of ETC is expected to rise in 2028 based on the information gained from the smart analysis performed on its price charts.The forecasted price of Ethereum Classic in 2028 is between $219.77 and $265.86.
Ethereum Classic Price Prediction 2029
The projected price of Ethereum Classic in 2029 is $320.The Ethereum Classic prices predictions for 2029 remain bullish as the prices are projected to reach $388.75.
The Ethereum Classic price predictions for 2029 range from $310.07 to $388.75.The forecasted Ethereum Classic rise in price is attributed to an anticipated adoption of the ETC, which will drive Ethereum Classic trading prices up.
Ethereum Classic Price Prediction 2030
ETC is expected to trade at $472.78.The Ethereum Classic price prediction 2030 shows continued growth in ETC crypto prices.The predictions are equally bullish as the analysis shows a significant price increase from 2029.
Based on the predictions, the future price of ETC could oscillate between a minimum price of $460.01 and a maximum price of $529.28.The forecasted average price in 2030 is $472.78.
Ethereum Classic Price Prediction 2031
The ETC price increase from 2030 to 2031 could be attributed to several market trends and factors However, sticking purely to technical analysis, our findings indicate a continuation of the upward trend in 2031 The price prognosis shows that ETC could trade at a maximum price of $801.15 towards the end of 2031, representing massive gains for long-term holders of ETC.
Ethereum Classic Price Predictions by Industry Influencers
The Ethereum Classic enjoys a strong community of supporters both on Twitter and other crypto platforms The price of ETC is projected to continue growing over the years as more crypto influences express positive sentiments about the token The Twitter influencers indicate that the apparent increase in popularity of the Ethereum Blockchain will translate to the increased adoption of the ETC coin Below is a tweet that indicates the influencers’ sentiments on Industry Influencers https://twitter.com/MoonTigerSt/status/1549185680676425729?s=20&t=JQwj0KFIz_aQJaA0jIAlqg
The Ethereum Classic enjoys a strong community of supporters both on Twitter and other crypto platforms.The price of ETC is projected to continue growing over the years as more crypto influences express positive sentiments about the token.The Twitter influencers indicate that the apparent increase in popularity of the Ethereum Blockchain will translate to the increased adoption of the ETC coin.
Below is a tweet that indicates the influencers’ sentiments on Industry Influencers https://twitter.com/MoonTigerSt/status/1549185680676425729?s=20&t=JQwj0KFIz_aQJaA0jIAlqg
Is ETC a sleeping giant? With over 450% volatility rate recorded in the last 24 hours, the Bearish Sentiment grew by 62% with the Bullish Sentiment registering a 31% growth.The Social Dominance for the ETC token saw a 33% spike and also rallied up by 35%.The momentum was with the bears, and the short-term market structure was also bearish after ETC crashed straight past the $21.6 support level two days ago.
Conclusion
ETC is an excellent investment in 2022, and most crypto investors should consider it.ETC, on the other hand, has a good chance of exceeding its present ATH of $176.16 by 2022.ETC shows good trading volume, ranking #29 at the time of writing.
ETC hasn’t had a very good year.It has undergone market collapses since hitting an all-time high of $176.16 on May 6, 2021, and it appears that anytime it gains speed, it falls down to Earth for a period.
When it comes to investing in ETC, you’ll need to be cautious, like with all cryptocurrencies.However, according to the ETC coin price prediction, it is highly likely that ETC will prove to be a good investment.
It is always advised to do your own research and seek professional investment advice before investing.
As always, this investment advice depends on your personal risk tolerance and the ability to capture the opportunity at the right prices.We believe that in accordance with our Ethereum Classic price prediction, it will yield good returns over the following years.However, the market leaders – Bitcoin and Ethereum — will likely outperform Ethereum Classic price-wise.
The bullish ETC price prediction is based on several factors.The influencers depend on the core functionalities of the crypto project.According to the embedded tweet, it is clear that Ethereum Classic’s success has a significant correlation with the success of Ethereum.
The ETC coin price prediction thereof remains bullish following these analogies.Similarly, the technical analysis performed on ETC price charts also shows the expected growth of ETC to new higher highs from 2023 and beyond.
While trading or investing in Ethereum Classic, read our price prediction articles on other great altcoins such as Monero and Bitcoin Gold.To learn more, see our investing in Cryptocurrencies step-by-step guide.Also, remember to follow closely any upgrade news or software improvements on the ETC original blockchain.
