Cryptocurrency Price Prediction Information
Ethereum Classic Price Prediction 2023, 2024, 2025: Will ETC Price Cross $25 In 2023?
Ethereum Classic price could reach a maximum of $26.99 by the end of 2023
ETC crypto price could cross the $150 mark by 2030, with a potential high of $156.54 for the year
Despite the recent fall, the crypto market is set for a jump in late 2023.Major cryptocurrencies like Bitcoin(BTC) and Ethereum(ETH) maintain positive year-to-date growth.
As optimism sustains, investors can find altcoins with the potential to provide higher returns.Ethereum Classic (ETC) is one such altcoin that packs a fundamentally strong suit for developers to build and deploy smart contracts.
With the first-ever
Ethereum hard fork, Ethereum Classic come into existence in the crypto world.Continuing the work on the original blockchain, Ethereum Classic remains to operate on Proof-of-work.
Investing in ETC 2023 can prove beneficial not just for investors but also for short-term holders.Struggling to decide after the crypto winter 2022? Check out our ETC price prediction for the coming years of 2023, 2024, and 2026 and make a well-informed decision.
Ethereum Classic Price Prediction 2023 – 2030
The price volatility of this crypto has reduced.
This could boost the social sentiments of investors and traders.Ethereum Classic price prediction for 2023 could range from $17 to $22.14 for the year.
ETC Price Prediction 2023
With the original blockchain of Ethereum (ETH) and the consensus mechanism popularized by Bitcoin (BTC), Ethereum Classic (ETC) is an altcoin standing out in the crypto world.ETH Classic is uniquely positioned to be the base layer smart contracts platform of the future and facilitate a fast, cost-efficient, and better user experience.
The ETC price action displays a long streak of lower highs formation in the weekly chart for the last two years.
The price action depicts the characteristics of a descending triangle pattern.However, the lack of a defined trendline makes it challenging to chart it out.
Meanwhile, the buyers at $15 continue to absorb the spike in selling spree from the last year.This provides a bounce pad for ETC price and remains an excellent buying spot.
If the Ethereum classic price creates a new high, the unleashed trend momentum can fuel a new bull run.The ETH price is predicted to create a new high of $27.28 in 2023.
Meanwhile, crypto can go as low as $17, with an average price of $22.14.
ETC Price Prediction For August 2023
With a bearish trend for the past week, the ETC coin price completes a negative trend within the falling channel.The higher price rejection at the resistance trendline led to a 5% drop in the ETC price over the last five days.
The downtrend struggles to take second support at the 50% Fibonacci level at $17.83.Additionally, the RSI and MACD indicators fail to display any bullish divergence to support a reversal theory.
Currently, the ETC price forms a doji candle at the support confluence of the 50% Fib level and the support trendline.
This projects a possibility of a morning star pattern formation, leading to a bull cycle within the channel.
On the flip side, a fall below the 50% Fibonacci level will plunge the ETC prices to $17.
|Price Prediction||Potential Low ($)||Average Price ($)||Potential High ($)|
|2023||16.07||22.14||27.28|
ETC Price Prediction 2024
The increasing entry of institutional investors into the crypto market projects a high possibility of a bull run in the altcoins.Ethereum Classic makes it into the altcoins list of these investors.
The growing adoption of cryptocurrencies will eventually drive the prominence of Ethereum Classic in the long run.Moreover, growing volumes in the industry, on account of Bitcoin’s halving, could propel the ETC price to its potential high of $34.46.
However, if the institutional movement goes south, the Ethereum classic prices may stumble below, $23.94.
With this prediction, the average price of ETC is expected to be around $29.20.
|Price Prediction||Potential Low ($)||Average Price ($)||Potential High ($)|
|2024||23.94||29.20||34.46|
Ethereum Classic Price Prediction 2025
In the crypto world, investors often look for certain cryptos that are relatively cheaper but with a solid fundamental use case.Ethereum Classic is one such crypto, affordable at current price and a use case with growth potential.
Considering the Ethereum Classic gains momentum in the coming few years, the ETC crypto will reach the $56.40 high, by the year 2025.
However, considering the Ethereum Classic remains inactive in the crypto world, the price of ETC crypto can potentially remain low at $41.76.As per the predictions, the average price of the crypto is expected to be around $49.08.
|Price Prediction||Potential Low ($)||Average Price ($)||Potential High ($)|
|2025||41.76||49.08||56.40|
Ethereum Classic Price Prediction 2026
In 2026, the bull run of Ethereum Classic will manage to sustain above $50 and reach a high of $64.80.
With an average price of ETC at $56.46, the prices can bottom out at $48.12 in case of a correction rally.
|Price Prediction||Potential Low ($)||Average Price ($)||Potential High ($)|
|2026||48.12||56.45||64.80|
Ethereum Classic Price Prediction 2027
Coming to 2027, the Ethereum Classic will make a low above the $50 mark at $52.68, and create a high at $77.51, making an average price for the year around $65.09.
|Price Prediction||Potential Low ($)||Average Price ($)||Potential High ($)|
|2027||52.68||65.09||77.51|
Ethereum Classic Price Prediction 2028
Fast forward to 2028, the Ethereum Classic will create a high of around 95.38 dollars, slightly below the $100 psychological mark.In case of a bearish correction, the crypto might create a low of around $72.51, making an average price for the year around $83.94.
|Price Prediction||Potential Low ($)||Average Price ($)||Potential High ($)|
|2028||72.51||83.94||95.38|
Ethereum Classic Price Prediction 2029
By 2029, Ethereum Classic is expected to break above the $100 barrier and create and high at $117, with a potential low at $94.46.Hence, the year-round average is expected to be around $106.
|Price Prediction||Potential Low ($)||Average Price ($)||Potential High ($)|
|2029||94.46||106.04||117.63|
Ethereum Classic Price Prediction 2030
In 2030, Ethereum Classic will sustain above $100, with a potential low at $108.2, and reach a high of $158 by the year’s end.The average price of ETC in 2030 is expected to be around $133.48.
|Price Prediction||Potential Low ($)||Average Price ($)||Potential High ($)|
|2030||108.2||133.48||158.76|
Ethereum Classic Price Prediction 2026 – 2030
|Price Prediction||Potential Low ($)||Average Price ($)||Potential High ($)|
|2026||48.12||56.46||64.80|
|2027||52.68||65.09||77.51|
|2028||72.51||83.94||95.38|
|2029||94.46||106.04||117.63|
|2030||108.2||133.48||158.76|
What Does The Market Say?
|2023||2024||2025|
|CoinData Flow||$18.71||$34.04||$129.38|
|Gov.Capital||$48||$83.15||$114|
|DigitalCoinPrice||$41.56||$48.60||$69.01|
|Trading Beasts||$18.48||$26.27||$27.04|
What Is Ethereum Classic?
Ethereum Classic (ETC) is a distinct cryptocurrency, that emerged after the first hard fork of the Ethereum network in 2016.
It’s a decentralized platform that can run various applications, with its native currency, ETC, used to power transactions and smart contracts.
The main aim of the Ethereum classic has been to conserve the Ethereum blockchain, since its division.The split of Ethereum and Ethereum Classic, occurred in 2016, following the hack, where around 3.6 M ETHs were stolen.Hence, ETC is distinct from Ethereum, with a key focus on immutability, encapsulated in the phrase “code is law.”
With Ethereum shifting from “
proof-of-work” mining to a “proof-of-stake” system, Ethereum Classic intends to stick with traditional “proof-of-work” mining.New ETC is rewarded to miners for adding transaction blocks to the blockchain, with a capped supply of 210,700,000 coins, unlike ETH, which has no set limit.
Fundamental Analysis
Ethereum and Ethereum Classic, despite their differences, share a common origin.Both sprang from the same
blockchain and have a shared history leading up to the 2016 hard fork.This shared heritage is crucial to understanding their respective trajectories and potential future price movements.The hard fork was a defining moment that set these two platforms on distinct paths, each with its own unique approach to blockchain technology.
Both Ethereum and Ethereum Classic are powerful platforms for the development and execution of smart contracts and
decentralized applications (dApps).
These self-executing contracts and applications, coded directly into the blockchain, are a cornerstone of both platforms.This shared focus on fostering a decentralized digital economy is a key factor to consider when predicting the future value of both Ethereum and Ethereum Classic.Their ability to support and nurture a vibrant ecosystem of dApps could be a significant driver of their long-term price potential.
CoinPedia’s Ethereum Classic Price Prediction
The Ethereum Classic network is witnessing an uptick in its hash rate following Ethereum’s merge.
This surge in computational power enhances the network’s security, making it more resilient to potential attacks.
This increased security could make Ethereum Classic more appealing to investors, potentially driving up the ETC price.
Furthermore, the Ethereum merge to Proof of Stake drives a migration of miners to Ethereum Classic, which remains committed to the Proof of Work mechanism.
The potential influx of miners and users from Ethereum could lead to increased demand for ETC in the future.Given its capped supply, this heightened demand could result in a price surge.Moreover, if Ethereum Classic can leverage this opportunity to attract more developers and users, it could see increased adoption.
According to CoinPedia’s formulated ETC price prediction, if the network sees initiatives with increased adoption.The price of ETC could soar to its maximum of $27.28, by year-end.
On the other hand, if the network fails to work on its security or migration of miners, the price can drop to $17 by the end of 2023.
As a long-term forecast, if Ethereum Classic grows in price and shows good profit margins, its
price prediction can hit $56.40 by 2025.But negative sentiments like a mining ban or failed adoptions can pull a low of $41.76.
Historical Market Sentiments 2016 – 2022
– Ethereum Classic started its journey with a trading price of $0.66.The price drastically surged to $2.14 by the end of July.With certain price variations, the year was concluded at $1.38.
– ETC surged further and recorded its All-Time-High at $47.77 by mid-December.
– During the start of 2020, ETC was seen trading at $4.86.
In a progressive move, the price reached the $11 mark by early February.
The digital asset which initiated its trade at $5.70, surged to surpass its 3-digit milestone creating an ATH of $176.06 on the 6th of May.
– Maintaining a 44% year-to-date growth by the end of June 2023, the ETC price stands as a positive coin.
FAQs
No, ETC cannot be halved as it is only mined.
ETC price could possibly be changing hands at its maximum level of $26.99 by the end of 2023.
Yes.The long-term earning potential seems bullish for Ethereum Classic.
According to CoinPedia’s Ethereum Classic price prediction, the Ethereum Classic (ETC) could be worth $52.10 by the end of 2025.With a potential surge the price could cross the $150 mark with a ATH of $156.54 by the end of 2030.
Ethereum runs on the Proof of Stake consensus algorithm and Ethereum Classic works with smart contracts and Decentralized Apps..
