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 popularity of the coin has piqued the interest of investors, and therefore, many people look for the accurate Ethereum Classic price prediction.Although, some associate Ethereum Classic with risks.
Today’s Ethereum Classic price today is $14.30 with a 24-hour trading volume of $383,088,057.Ethereum Classic is up 3.33% in the last 24 hours.
The current CoinMarketCap ranking is #29, with a live market cap of $1,934,617,693.
It has a circulating supply of 135,325,385 ETC coins and a max.
supply of 210,700,000 ETC coins.
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Ethereum Classic Price Prediction 2022 past performance by Coinmarketcap
[6 Ethereum Classic Price Predictions by Authority Sites]
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 $389,907,192.The circulating supply of this coin remained 133,400,747 ETC.
ETC was created due to a split in the developer and user community, just like with Bitcoin and Bitcoin Cash .
Ethereum Classic is one of those coins that remain in the market even after several other coins cease to exist.
Therefore, it becomes necessary to have Ethereum Classic price prediction and know what benefits it may give you.
What is Ethereum Classic?
Ethereum Classic coin was created in July of 2016 as a result of a split in the Ethereum community after the original blockchain got hacked .
Fundamentally, the two blockchains – Ethereum and Ethereum Classic were similar at first.The history of this crypto is definitely valuable.
However, over time, differences arose as the Ethereum classic network community wanted to keep the blockchain running on a proof-of-stake consensus algorithm and secure blockchain immutability.
The Ethereum community wanted to develop it into a much advanced, proof-of-stake-based digital currency.
There weren’t many people who understood the concept of division in the initial stages, and the Ethereum Classic prediction remained at a lower level.The hard fork coin is more of a protocol rather than being a store of value like gold.
https://www.cryptopolitan.com/miner-reorganize-ethereum-classic-blockchain/ ‘s current market status is being compared to gold, despite the overall crypto market facing a broad sell-off in the past one week.
Overview
|Coin||Symbol||Price||Marketcap||Change||Last 24h||Supply||Volume (24h)|
|ETC||$ 14.36||$ 1.95 B||4.96%||135.33 M||$ 311.19 M|
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 had 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 https://www.cryptopolitan.com/ethereum-classic-price-prediction-2021-05-08/ 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 at $35 in late April to $110 on 5 May? Well, the secret is the sudden market interest in Ethereum, Ethereum Classic 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 as compared to Ethereum Classic price over the past years.
Price as a well-performing factor is what fuels its increased usage among users, pushing vendors and service providers to widen their accepted deposit methods and add Ethereum as well.For example, price predictions show that it will equate 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 the revival of the market.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
If we analyze its performance for the past week, it 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 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 Ethereum Classic price might not be able to get the desired gains.
Ethereum classic current market status Source: CoinMarketCap.com
Ethereum Classic Technical Analysis
Today’s Ethereum Classic price analysis offers a pessimistic outlook; the price has lost some value.The price of ETC has received a lot of negative publicity in the previous several days and has dropped significantly.The price abruptly dropped from $15.1 to $13.1 on June 14, 2022.On the same day, however, the price began to gather more upward momentum and regained a value of $14.9.
Today, on June 15, 2022, the price has achieved a new all-time high of $14.7.The cryptocurrency’s currency price, however, remains at $13.8.
According to the Ethereum Classic price study for 4-hours, market volatility follows an uncertain closing movement, making ETC values less vulnerable to unpredictable shifts.As a result, the Bollinger’s band’s upper limit is present near $17, functioning as the strongest barrier for ETC.The bottom limit of the Bollinger’s band, on the other hand, is $12.6, which represents ETC’s greatest support.
The ETC/USD crosses below the Moving Average curve, signaling market bearishness.
However, the price looks to be moving downwards, with a great likelihood of the market shortly reverting to a negative trend.
The Relative Strength Index (RSI) score for Ethereum Classic is 32, which is in the depreciation zone, according to price research.In the steady area, the RSI score moves slightly downward, indicating future depreciation stability.The ETC/USD price has identified and fixed itself in a dangerous area of the market.The RSI score falls when selling activity becomes more dominant.
The market volatility is growing as the resistance and support bands move apart from each other, according to the Ethereum Classic price research.
The price of bitcoin will rise in lockstep with the volatility, making it more vulnerable to swings in the market.
The top limit of the Bollinger band is $26.9, which acts as the strongest barrier for ETC.At $14.2, the bottom limit of the Bollinger’s band is present, indicating another area of resistance for ETC.
The price of ETC/USD looks to have crossed beneath the Moving Average curve, indicating a bearish trend.The price swings lower, passing the support band, resulting in a market breakout.As a result, the trend is projected to turn higher with sporadic spurts of volatility.The bulls may benefit from the breakout since they will have a better chance to retaliate and seize control of the market.
However, in terms of the cryptocurrency’s price, that would be the best-case scenario.
The Relative Strength Index (RSI) for Ethereum Classic is 24, indicating that the cryptocurrency is significantly undervalued.When Ethereum Classic goes below the devaluation barrier, it suggests the possibility of a turnaround.
However, when the RSI score moves downward, suggesting the dominance of selling activity, its position is likely to shift.
The Ethereum Classic’s price research reveals that the cryptocurrency has a lot of room for upward development; nevertheless, the market is now locked in negative momentum and is projected to break, which might stymie bulls.
Ethereum Classic Price Predictions by Authority Sites
Gov Capital
According to Gov.capital, the Ethereum Classic cryptocurrency is expected to end the year at roughly $10.21.The coin should be worth around $25.53 on June 14, 2023, then hitting $61.14 a year later.It should be a little under $91.44 a year from now, and a fraction of a penny below $146.33 on the same date in 2026.It should be $195.16 on June 14, 2027.
Digital Coin Price
Ethereum Classic forecasts are expected to sell at roughly $19.24 in 2022 before climbing to $21.86 in 2023, according to DigitalCoinPrice.In 2024, the price will drop slightly to $21.38, before rising to $27.39 in 2025.
In 2026, the price will decline to $26.05, but it will return and prosper, reaching $34.56 in 2027.
It should achieve $48.42 the next year before ending the decade at $59.85.
Long Forecast
LongForecast’s Ethereum classic price forecast is a little more negative.In its Ethereum Classic price projection for 2022, it predicts the currency would decrease to $6.92 by the end of the year, before recovering to $9.28 in December 2023.
According to LongForecast, it is expected to drop to $5.54 in November 2024, $4.61 in June 2025, and $3.26 in July 2026.
Cryptopolitan
Ethereum Classic Price Prediction 2022
The price of Ethereum Classic is expected to reach a minimum of $23.51 in 2022.With an average selling price of $24.27, the ETC price may reach a maximum of $27.22.
Ethereum Classic Price Prediction 2023
In 2023, the price of Ethereum Classic is expected to drop to a minimum of $35.09.Throughout 2023, the Ethereum Classic price might reach a maximum of $41.63, with an average price of $36.31.
Ethereum Classic Price Prediction 2024
The price of Ethereum Classic is expected to reach a minimum of $49.92 in 2024.With an average trading price of $51.74, the ETC price may reach a maximum of $60.77.
Ethereum Classic Price Prediction 2025
In 2025, the price of one Ethereum Classic is anticipated to reach a minimum of $71.14.
Throughout 2025, the ETC price might reach a maximum of $85.52, with an average price of $73.73.
Ethereum Classic Price Prediction 2026
In 2026, the price of Ethereum Classic is expected to hit a low of $106.27.According to our research, the ETC price might reach a maximum of $123.70, with an average expected price of $109.22.
Ethereum Classic Price Prediction 2027
The price of Ethereum Classic is expected to reach about $154.32 in 2027.With an average trading value of $158.69, the Ethereum Classic price may reach a maximum of $183.92.
Ethereum Classic Price Prediction 2028
In 2028, the price of Ethereum Classic is expected to drop to a minimum of $219.77.Throughout 2028, the Ethereum Classic price might reach a maximum of $265.86, with an average trading price of $226.12.
Ethereum Classic Price Prediction 2029
Ethereum Classic is anticipated to achieve a minimum price of $310.07 in 2029.
With an average price of $319.12, the ETC price can reach a maximum of $388.75.
Ethereum Classic Price Prediction 2030
In 2030, the price of Ethereum Classic is expected to reach a minimum of $460.01.Throughout 2030, the Ethereum Classic price might reach a top of $529.28, with an average trading price of $472.78.
Ethereum Classic Price Prediction 2031
In 2031, the price of Ethereum Classic is expected to hit a low of $669.99.According to our research, the ETC price might reach a maximum of $801.15, with an average expected price of $693.63.
Ethereum Classic Price Prediction by Industry Experts
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.
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.
[Cryptopolitan.com] holds no liability for any investments made based on the information provided on this page.We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions..
