Hey there! Before reading the article which is about Ethereum Classic Price Prediction |, you should read about ethereum price prediction 2025. It shares basic information about this article and also adds more value to it. Do let us know how you feel about it in the comment section below. Happy Reading! Really glad that you are here.
The ethereum classic price (ETC/USD) is gaining momentum against the US dollar (US dollar), and it looks like it could break the $20.00 barrier. One Ethereum Classic coin can be bought for $19.64 or 0.00228745 BTC on popular exchanges including Gate.io, EtherDelta (ForkDelta) and HitBTC. Ethereum Classic has a market cap of $2.42 billion and $197.9 million worth of Ethereum Classic was traded on exchanges in the last day.
Ethererum classic is built on the idea that the bigger block size is a feature of ethereum classic. The block size of ethereum classic will remain as it is currently and will not be changed.
Ethereum Classic (ETC) is one of the oldest cryptocurrencies that retains its place among the leading altcoins, as its market value has reached over $10 billion and its exchange price is over $100. It was created as a result of a split in the developer and user community, much like Bitcoin and Bitcoin Cash.
Functional differences increase over time, creating large differences in price and capitalization size. However, Ethereum classic is still a good choice to diversify your investment portfolio in the cryptocurrency market.
So let’s see what the ETC is and what the price expectations are for the next few years.
What is Ethereum Classic?
The Ethereum Classic coin was created in July 2016 following a split within the Ethereum community after the original blockchain was hacked. From a fundamental perspective, the two blockchain systems, Ethereum and Ethereum Classic, were initially similar. However, there has been controversy over time as the Ethereum Classic network community wanted to leave the blockchain on a proof-of-stake consensus algorithm and ensure the immutability of the blockchain. However, the Ethereum community wanted it to evolve into a better digital currency based on proof of sharing.
Like Ethereum, Ethereum classic uses a virtual machine called Ethereum Virtual Machine (EVM) to run scripts and connect its nodes. The total supply in December 2017 is firmly capped at 210,700,000 ETC. As with the halving of bitcoin rewards, Ethereum classic will reduce the per-block reward by 20% for every 5,000,000 blocks. As a result, Ethereum Classic has in some ways become closer to bitcoin than its original origin, Ethereum.
Today, we see Ethereum Classic lagging behind the original Ethereum, which is run by the Ethereum Foundation. Ethereum is traded with a much larger market capitalization and has gained popularity. However, ETC is still very popular and can be purchased on almost any cryptocurrency exchange.
Should you invest in Ethereum Classic?
If we compare the returns of Ethereum with those of Ethereum classic, we can see that Ethereum has clearly outperformed in recent years. Looking at the technical analysis over the past few years, ETC/ETH is trading in a range of around 0.025-0.060, indicating the cyclical nature of which of the two cryptocurrency markets is outperforming. However, in 2020 we saw Ethereum significantly outperform ETC, leading to a new multi-year low for ETC/ETH of around 0.005.
If you look at the performance against the bitcoin price, it’s even worse. The ETH/BTC price has fallen significantly from a high of 0.004 in 2018 to 0.0002 in the first few months of 2021. Therefore, the digital currency is not very attractive to the serious investor, despite the frequent bullish news about Ethereum Classic. The demand for ETC coins just can’t beat the two market leaders, Bitcoin and Ethereum.
Looking at the price of ETC against the US dollar, the outlook for the Ethereum classic is optimistic as it has seen a rapid rise in recent weeks. However, the ETC price is currently in a correction phase as the previous momentum has been exhausted. This means that the price of Ethereum Classic is likely to fall further, which means that trading it may not be the best option at the moment.
Ethereum Classic price forecast for 2021
Ethereum Classic’s forecast for 2021 is generally bullish. As the chart shows, the upward trend has resumed in recent months, with the market reaching the $50 mark in mid-April and embarking on a new rise of over 400% in May. Therefore, investing in ETCs against fiat currency or their CFDs should lead to further growth as 2021 progresses.
Once the current downturn is over for a few weeks, trading higher in the cryptocurrency should lead to further gains, as the next major price point for 2021 has been set at $1,000. If we allow for two more rallies, as we have seen in recent months, this ETC forecast should be realized by the end of the summer.
Several other forecasts for ETC/USD put the ceiling price much lower, around $400, and the target prices for the floor price are even lower. But given the current bullish momentum, we should see the ETC climb much higher this year.
This price outlook suggests that the overall crypto-currency market will continue to gain traction this year. As with most altcoins, we should see the price of Ethereum Classic get affected when the general market starts to slow down.
Ethereum Classic price forecast for 2022
Ethereum Classic’s price forecast for 2022 is also bullish. Much depends on the price of the currency at the end of this year. However, if Ethereum’s current price predictions come true, we will see classic Ethereum reach a minimum price of $500 and an expected maximum price of $2,000.
However, this could be refuted if the current bull market ends later this year, as the Ethereum Classic crypto-currency is known to trade in a relatively wide range. In this scenario, Ethereum Classic could return much of its 2020 profits in the coming years.
ETC 5-year price forecast
According to crypto-expert Bobby Lee, the global crypto market will continue to grow over the next five years, with bitcoin expected to reach the $300,000 mark. Therefore, the outlook for ETH Classic remains bullish for the five-year period.
As Ethereum Classic continues to develop additional features, such as smart contracts and decentralized execution of applications on the Ethereum network, we expect Ethereum Classic to reach the $5,000 mark in 2026. Making long-term predictions for the coming years is a relatively safe bet, as cryptocurrencies are still among the most traded assets on almost all cryptocurrency exchanges.
Overall, the price of Ethereum Classic has performed well in recent months, as several minimum price targets have already been reached. Our forecast for Ethereum classic in 2021 and 2022 is very bullish due to the rapid rise to the current all-time high of $175 and growth of about 3,000% since the beginning of 2021.
As always, these investment recommendations depend on your personal risk tolerance. We believe that investing in Ethereum Classic will provide good returns in the coming years. However, market leaders Bitcoin and Ethereum are likely to outperform ETC.
While you’re trading or investing in Ethereum Classic, check out our articles with price predictions for other great altcoins like Monero and Bitcoin Gold. For more information, read our step-by-step guide to investing in cryptocurrencies.
Denial. The information provided does not constitute commercial advice. .com accepts no responsibility for investments made on the basis of information provided on this site. We strongly recommend that you conduct independent research and/or consult a qualified expert before making any investment decision.
Expectations are high for the ethereum Classic price. The cryptocurrency will certainly be a long-term hold—not least because it appears to be the only blockchain out there with an active community of developers still around. But what will happen to the price over the next few years? After the boom in September 2017, the price crashed with the rest of the market. It managed to reach a peak of $45.94 per token in January 2018, but as the year ended, it had lost more than 85% of its value. When Bitcoin was first introduced to the public, the idea was simple: It’s a peer-to-peer electronic currency system. At the time, the only way to get hold of the currency was to solve complex math problems on your computer, also known as mining. Once your computer solved a problem, it would be rewarded with a handful of coins. Today, there are over 1000 different cryptocurrencies in existence. Each of them has a different number of coins, different mining algorithms, different block times, and so on.
Is ethereum Classic a good investment 2020?
Ethereum Classic is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of downtime, censorship, fraud or third party interference. A few weeks ago, we looked at the virtual currency craze and decided to invest in ethereum, which was selling for about $400. Since then, its value has more than doubled, and at one point it was selling for more than $1,000. Is this a sign that it is a good investment? If so, should you buy some now? Before you make any investment decisions, let’s look at some other possible reasons why the price of ethereum has been soaring.
What will ethereum be worth in 2030?
Ethereum is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of downtime, censorship, fraud or third party interference. Ethereum is how the Internet was supposed to work. As of November 2017, Ethereum has the second highest market cap after Bitcoin. The idea behind the project was first discussed in late 2013 in a post on the Bitcointalk forums, then titled “Ethereum: Turing Complete Virtual Machine”. Vitalik Buterin, a cryptocurrency researcher and programmer considered to be the founder of Ethereum said, “I thought of Ethereum in early 2014, when I was working on the Ethereum Yellow Paper.” ethereum was launched in 2015, and it has achieved a lot since then. Of course, we would have never been able to predict some of the things that happened. For example, we never thought China would ban ICOs and exchanges, and we didn’t think China would be the largest market for ethereum. Even though ethereum still has a long way to go, we are happy to see how much it has grown. And now, we’re asking ourselves- what will ethereum be worth in 2030?