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A hard fork in the Ethereum network led to the formation of two different blockchains in July 2016. One of them was the pioneering Ethereum (ETH), and the other was Ethereum Classic (ETC). This Ethereum Classic price prediction looks into the project details and the possible prices based on the roadmap.
Since the Ethereum Classic fork was built to resolve a community conflict, it had no single creator. The original code written by Vitalik Buterin and Gavin Wood was used to continue the original Ethereum blockchain as Ethereum Classic (ETC). The cryptocurrency has a bottom-up flow structure which means that the decision power lies with the node operators rather than the ruling governing body.
The CEO of Digital Currency Group (Coindesk’s parent company), Barry Silbert, and the creator of Cardano and co-founder of Ethereum, Charles Hoskinson, were the two early minds who invested in Ethereum Classic after the initial split.
The Digital Currency Group declared a plan to buy $50 million in the shares of Grayscale investment’s Ethereum classic trust in 2021, while Hoskinson’s company named IOG spearheaded an Ethereum Classic node client.
Ethereum Classic (ETC) is the decentralized application platform that lets anybody form and uses smart contracts. Ethereum Classic is not to be confused anymore with Ethereum, as it now acts as a completely different cryptocurrency with different technical and philosophical goals.
Their primary and main focus is immutability, commonly known as “code is the law.” Ethereum Classic is a decentralized computing system that runs a large variety of applications on it, just like Ethereum. Ethereum Classic’s native currency is ETC, as it uses power transactions and smart contracts on its network.
Ethereum Classic (ETC) Fundamental Analysis
A global team of coders gave rise to an open-source blockchain project, Ethereum Classic. It is decentralized and does not work under an official organization or business. Ethereum Classic is a second-generation blockchain project after the first generation of Bitcoin.
It allows people to build and host smart contract applications, while its token maintains the blockchain’s security working as transaction fees and block rewards. It combines Ethereum’s philosophy with Bitcoin to become a unique smart contract platform, uninfluenced by any special interests.
After ETC’s fork from ETH in 2016, it faced challenges in development, market capitalization, security, and mining power. It has been subject to 51% attacks many times, where the malicious actor controls the victim’s mining power and uses its coins.
However, it has proved itself resistant to censorship and all the difficulties and maintained the vision of unstoppable applications. Hence, Ethereum Classic welcomes everyone to come and discover their history, culture, rules, and community to better understand them through their official website.
Ethereum Classic (ETC) Price Analysis
The Ethereum Classic price is currently $26.04, with a trading volume of more than $452 million. The CoinMarketCap currently ranks number 32. The market cap is $3.5 billion. The maximum supply of ETC is 210.7 million ETC coins, with a circulating supply of 134.6 million ETC coins. Its performance has been stable throughout previous years.
Crypto Academy Ethereum Classic (ETC) Price Prediction
After analyzing the fundamentals and past price of Ethereum Classic (ETC), we have deduced the following future price movement.
Ethereum Classic Price Prediction 2022
According to Ethereum Classic price prediction, it can experience an upswing in some months, despite the present bearish price movement of nearly all the crypto coins in the market and their current bearish price trending patterns against USD within a specific price range. Through the visible progress in the short term, we can estimate that ETC can have a maximum price of $45 and a minimum price of $22 at the end of 2022, while the average price can be $30.
Ethereum Classic Price Prediction 2023
By analyzing the short and long-term price and bullish trends, we can see that although 2022 had a stagnant growth in price, there will be a relatively faster emergence in the year 2023. The maximum price this year can be $76, and the minimum price can be $60, with an average trading price of $70. This will be a significant increase in your profit and a good investment, especially because of its development program that is quite similar to Ethereum and is excellent for old Ethereum users.
Ethereum Classic Price Prediction 2024
There is a jaw-dropping possibility that bulls will continue to ride at least the ETC and to continue the trend of 2023, it can once again touch an all-time high price of $90, with an average price pegged performance at $85. As the ETC Ethereum Classic price forecast has the full potential due to the client software that acts as the stem in the Ethereum Classic network and operates the ETC protocol, the minimum price can also be $82.
Ethereum Classic Price Prediction 2025
This year may be marked as the year with the progress of ETC, and the highest possible price may surpass $100 by all means. Due to the lack of any crucial factors, including the pandemic, the minimum price can be $85. After the mass adoption of Ethereum Classic among investors, the average price can be $92 by 2025.
Ethereum Classic Price Prediction 2026
The currency will stay in a bullish trend in these years due to its future innovations and integration. The price of Ethereum Classic may even hit the maximum level of $120 through developments using overviews and approved proposals for Ethereum Classic Improvement Proposals (ECIP), as per our forecasts and analysis. Traders and investors would be adding it to their list of good investments in the long term. The minimum price level can be $95, with an average trading price of $105.
Ethereum Classic Price Prediction 2027
Ethereum Classic price prediction roadmap reveals that the cryptocurrency is very likely to reach the $290 mark. However, the minimum and maximum prices for the year 2007 could be $120 with an average likely price of $205.
Ethereum Classic Price Prediction 2028
The year 2028 is likely to be a smooth year for cryptocurrency. Ethereum Classic price is likely to reach the $370 price level. On the other hand, the minimum price for ETC is expected to be $290, while the likely average price could be $330.
Ethereum Classic Price Prediction 2029
The maximum price level for Ethereum Classic in the year 2029 is expected to be $480, whereas the roadmap analysis also reveals that the cryptocurrency price can reach a $330 price mark at the minimum level. The average price is expected to be $405. The market movement may affect the price movement; however, being one of the pioneers ETC is likely to stay stable.
Ethereum Classic Price Prediction 2030
Crypto Academy Ethereum Classic price prediction expects the cryptocurrency to reach a maximum level of $637, while a minimum of $405 and an average price of $521 is also expected. Although the roadmap is not predefined, being the most progressive cryptocurrency blockchain makes it one of the best options for good growth.
Ethereum Classic (ETC) Market Price Prediction
Most crypto-related websites and online experts consider Ethereum classic a good cryptocurrency in terms of price and investment. We have mentioned some of their views on its future price below.
Priceprediction.net
Price Prediction.net analysts reveal in their price prediction for 2022 that ETC can have a minimum, average, and maximum price of $41.23, $42.75, and $46.34 this year. They forecasted a minimum price of $178.34, an average price of $184.96, and a maximum price of $220.53 in 2026. By 2030, they predict the price of Ethereum Classic will rise to $750.40 with a maximum level of $777.68, and an average price of $906.45 by this year.
Gov.capital
Gov.Capital analysts reveal through their prediction system that the future price of the asset would be $68, within the span of a single year. While in the span of 5 years, their analysts believe that the cryptocurrency can hit a price level of $251.038.
Coin Price Forecast
The Coin Price Forecast analysis reveals that the Ethereum Classic displays a bullish trend in its price as it may hit the $63.35 price level by the end of the year. The cryptocurrency is likely to hit the $144 mark in 2026 and the $252 mark by the year 2030.
Wallet Investor
Wallet Investor analysts explain that Ethereum Classic is a good investment with high returns in the long term, in their view. You can buy 2.598 ETC tokens using $100 dollars at present. With an expectation of a long-term increase in its price, it can be worth $143.218 in 2027, which would be an increase of +127.06% through a 5-year investment. So your current investment of $100 can be equal to $227.06 by that time.
How to Buy Ethereum Classic (ETC)
If you want to invest in a cryptocurrency, you need to invest using an exchange that meets your requirements, such as its user-friendly nature, price structure and fees, customer support service, feedback, and easy payment methods, along with its good reputation in the crypto market and if it is licensed or not.
You can also use unregulated crypto platforms; however, they are not much secure due to a lack of regulations. People usually use eToro, Binance, Kraken, Coinbase, and Plus500 are the most popular websites used to buy them. Some platforms also need a minimum amount of deposit required for the first investment on it for commitment.
You can buy ETC using one of the legitimate exchanges by following the steps we have given below.
Step 1: Login/Create an Account
When you have selected a platform, you would first need to create an account on it to use it. If you already have an account on the exchange, log in. Add your basic information, such as your name, phone number, email address, and password. They will ask for your official documents and personal and financial information for verification and authentication of your identity.
Step 2: Fund your Account
After you are done with setting up your account, you would have to deposit fiat money to your account. A funded account is ready for an investment to make a deposit. This money will be operating for getting ETC products and the currency.
There are payment options such as credit and debit cards, bank transfers, and other online methods. Check their pros and cons in your area and choose one according to your cost and convenience.
Step 3: Buy Ethereum Classic
After getting done with all of the previous stages, you can now invest in Ethereum Classic (ETC). If you are a long-term trader, only then should you directly buy ETC tokens and keep them until you need them. However, if you are a short-term trader, you should buy financial products, like ETC CFDs, on their preferred platform.
Now, if you want to trade Ethereum Classic as a second income, you should prefer using a broker because you are buying or selling financial instruments, and that would be more accessible and reasonable with fewer complications while holding ETC tokens.
Then add the amount of money you want to buy for ETC and read the possible outcome of the amount of ETC. After getting satisfied with every term and policy, confirm your trade and buy ETC.
Frequently Asked Questions
Is Ethereum Classic (ETC) a Good Investment?
Yes, Ethereum Classic (ETC) is a good investment as it tries to keep the Ethereum blockchain similar to before and with no active counteracting of DAO breach.
Can ETC Eventually Reach $1000?
It cannot reach $1000 in eight to ten years despite its progressive approach.
Where to Buy Ethereum Classic (ETC)?
You can buy Ethereum Classic (ETC) using eToro, Binance, Kraken, Coinbase, and Plus500.
TakeAways
- Ethereum Classic came into being through a community conflict in 2016, so it had no single creator.
- Ethereum Classic (ETC) is the decentralized application platform that lets anybody form and uses smart contracts.
- Ethereum Classic is not to be confused anymore with Ethereum, as it now acts as a completely different cryptocurrency with different technical and philosophical goals.
- Ethereum Classic (ETC) is a good investment as it tries to keep the Ethereum blockchain similar to before and with no active counteracting of DAO breach.
- Ethereum Classic is a decentralized computing system that runs a large variety of applications on it, just like Ethereum.
- We can estimate that ETC can have a maximum price of $45 and a minimum price of $22 at the end of 2022, while the average price can be $30.
- With the progress of ETC, the highest possible price may surpass $100 in 2025.
- The price of Ethereum Classic may even hit the maximum level of $120 in 2026.
- It can reach $1000 eventually after eight to ten years due to its progressive approach.