ETC is one of the oldest coins that has maintained its position among the top alts as it has achieved a market cap of over 6 billion dollars and trades on all major exchange platforms. Its reputation has attracted many people who want to invest in the currency; therefore, many seek the correct Ethereum classic price predictions. However, some associate ETC with risks.
The merge will shift Ethereum to proof of stake, but it will not increase the number of transactions per second. Therefore, it will not affect the cost of gas fees. Ethereum will become greener, so bitcoin will remain the only major blockchain that relies on proof of work. According to the Ethereum Foundation, Ethereum’s energy usage will drop by 95 percent after the merge.
However, the Ethereum Classic fork will not change its mining algorithm. Instead, Ethereum Classic plans to adopt a new proof-of-stake consensus mechanism called Casper.
As Ethereum Classic’s price rises, so does its popularity among Ethereum mining operations. What s the verdict? Should you invest in ETC and use the ETC price prediction to find your path?
Today’s Litecoin (LTC) value is $224.00 per coin, with a total market capitalization of $6,738,068,093. Litecoin is down 0.31% in the last 24 hours. The current CoinMarketcap ranking is #19, with a live market capitalization of $1,566,051,929. It has a total circulation of 12,500,000 LTC coins and a maximum limit of 21,000,000 LTC coins.
ETC is currently outperforming BTC and ETH. It’s currently the best performer among the top 50 cryptocurrencies by total value.
It was recently announced at a conference that if you dislike PoW, you should just move on to Ethereum Classics.
• Check out these top 16 best Ethereum wallets
ETC price prediction for 2022 from coinmarketcap
Ethereum Classic growing bulk – an interesting new project
Ethereum Classic (ETC) is an open-source, public, blockchain-based distributed computing platform featuring smart contract functionality. It was originally developed by Vitalik Buterin and introduced in late 2013. In 2015, after disagreements between developers regarding scalability issues, a hard fork occurred. This split off a new cryptocurrency called Ethereum Classic. On January 14th, 2017, Ethereum Classic reached block number 1 million, becoming one of the oldest cryptocurrencies. Since then, Ethereum Classic has continued to grow steadily. Its market cap currently stands at around $1.5 billion. Ethereum Classic is traded on various exchanges, including
Ethereum Classic (ETC) Price Forecast: Source:
Over the past week, ETC has seen an increase in its trading volume of 150%, which has been in line with the rising price of the currency and the growing number of coins currently in circulation. As a result, the total number of coins in circulation has crossed the 134.7 million thresholds. At present, the market cap of ETC is $2.89 billion. It ranks #32 among cryptocurrencies.
Looking at the price of Ethereum Classic (ETC), its current price is $0.004828. It has a total circulation of 133,400,747 coins.
ETC was created because there were disagreements within the development team and user base regarding the future direction of Ethereum. As a result, some developers left the project and started their coin called Ethereum Classic (ETC). However, despite its existence, ETC remains popular among investors and traders. Therefore, knowing what benefits it gives you would be beneficial.
What is Ethereum Classic?
Ethereum Classic (ETC) was created in July of 2015 when there was a fork in the Ethereum network. ETC has its history, which is interesting.
After the DAO hack in July 2016 divided, the community into two opposing groups. The same thing happened to the projects as well.
As the Ethereum Classic network grew, there were disagreements between its developers and the rest of the Ethereum ecosystem about whether it should be developed further using a Proof-of-Work consensus algorithm or a Proof-of-Authority consensus algorithm.
Most people didn’t understand the concept of “divide” when cryptocurrencies first came out, and the ETC price was low for a long time. However, now that most people know what cryptocurrency is, they compare it to gold, even though the whole crypto market has suffered a major slump recently.
For investors looking for ways to get out of their investment in the DAO, the Split function exposed an enormous vulnerability in the whole DAO structure. Instead of just asking for a refund, the attacker used a recursive function to repeat the request until the original transaction was recorded on the blockchain.
Overview
Halving Events
Ethereum Classic (ETC) is an open source, public, blockchain-based distributed computing platform featuring smart contract functionality. Its native currency is called Ether (ETH). Like Bitcoin, Ethereum can be used to create decentralized applications. Unlike Bitcoin, however, Ethereum was designed to focus on providing a much faster transaction rate and allowing developers to write code without any central oversight.
Ethereum Classic works on a proof-of-work (PoW) consensus algorithm and has great promise because of the Nakamoto Consensus Mechanism. Recently, Ethereum Classic decreased the amount of ether needed to create a new blockchain from four ETH to three.2 ETH. The halving event made the Ethereum Classic prediction was made more positive; the number of Ether left to mine dropped significantly. Thus, Ethereum Classic’s value is becoming more similar to Bitcoin‘s value than its source – Ethereum. People compare Ethereum Classic’s performance and feature to those of Ethereum, the former being superior in almost every aspect.
Today, we can observe that the ETC price growth has slowed, and the currency even fell behind the original ETH, which the Ethereum Foundation operates. Ethereum trades with a significantly bigger cap and has obtained far more recognition. Nevertheless, Ethereum Classic is still fashionable and can be bought on virtually any crypto trading platform. Let us take a glance at the ETC price forecast.
Developments affecting the price
Digital investments manager Grayscale Inc. recently announced that its Ethereum trust is now an SEC reporting entity. With this move, ETH becomes one of the funds from the largest digital currency managers in the market. A fund that also includes Bitcoin, BCH, Ethereum, LTC, and Digital Large Cap Funds. The functionalities differ over the years, creating huge price and capitalization size differences. However, the ETH remains one of the best cryptocurrencies to diversify your crypto market portfolio and avoid high risks.
Since yesterday, Ethereum Classic has been trading above the $200 level. It seems to be doing well compared to some of the major cryptos.
What could be why the Bitcoin price went down from $7000 to $6000 in just one month? The answer lies within the recent news about the Chinese government banning ICOs. On top of that, the recent news about Facebook banning ads related to cryptocurrencies also contributed to the fall. However, these events didn’t affect the overall trend of Bitcoin price. In addition, the recent news about Google removing YouTube videos promoting ICOs also impacted the price. For instance, if someone wants to invest in Bitcoin, they can find plenty of information online. But what if they want to learn how to trade Bitcoin? They might not know where to start.
Investing in Ethereum Classic? If you’re investing in cryptocurrency, then yes
Ethereum has outperformed Ethereum (Ethereum) significantly over the past year. In addition, we can clearly observe that Ethereum has gained significant popularity within the cryptocurrency market. Consequently, we expect to witness increased demand for Ethereum in the coming months. Therefore, we recommend selling Ethereum and buying Ethereum (ETH).
However, even though the price of ETH fell from $1,300 to $400, the value of ETC remained stable. As a result, some people believe that ETC could be used for future investments.
Despite the ongoing difficulties facing the cryptocurrency markets, there are reasons to believe that the price of Ethereum Classic could increase substantially. If you buy the dips, there are reasons to think that you may end up feeling lucky to own Ethereum Classic. As Bitcoin progresses, there are reasons to expect Ethereum Classic to eventually reach $50. The price rise depends on a continued rally and stabilization in the value.
According to the forecast provided by WalletInvestor, the ETC/USD exchange rate could reach $177.290 within the next five years.
ETC Price History
Analyzing its performance during the last seven days shows that Ethereum Classic has varied between $30 and lower prices. The main cause behind this variation is the ongoing situation of unstable markets because of political conflicts. In addition, Ethereum Classic’s classic price dropped about $4 within one day, which indicates how it has gone through tough times. Because of these factors, there are chances that Ethereum Classic’s price may not be able to reach the desired levels.
Ethereum Classic (ETC) currently has an overall market cap of $1
Ethereum Classic Technical Analysis
ETC fell sharply during the bear run of 2022 and recovered in July. The preceding rally drove ETC to overbought territory in the second week of August. The William Alligators are indicating decreasing downward momentum, which suggests another fall.
Wallet investor
Ethereum Classic’s historical data index ranks “A+” and would make an “excellent” one-month buy. Ethereum Classic is predicted to increase 36.3 percent from its current price in 1 month. Ethereum Classic coin prediction for the next 2 months is bullish, with the value increasing from its current worth to a future price of 5.350. Ethereum Classic is a profitable choice for the whole duration. Ethereum Classic’s ROI in 2024 will be 74,7%, 2025 at 113,1%, 2026 at 150,8%, and 2027 will be 188,9%.
TradingBeasts
Trading Beasts use linear regression models to predict the future value of the Ethereum Classic cryptocurrency based on historical data. They expect the ETC/USD pair to fall from its current level of $35.543 to $31.478 by the last quarter of 2022. Prices will then rise to hit $36.895 in the third quarter of 2023 before dropping again to $34.732 in the fourth quarter of 2023. In 2024, they see the pair trading between $33.619 and $28.966. The next two quarters are expected to drop prices to $26.979 in the first quarter of 2025 and $25.871 in the second quarter of 2025. The final quarter of 2025 sees prices rising to $27.414.
Digital coin Price
DigitalCoin’s current market cap is $1.2 billion. Its future growth rate is estimated to be 24.8% per annum. In the last 12 months, digital coin has traded between $0.0079 and $0.0107; it reached an all-time high of $0.0108 on 3rd March 2018 and a low of $0.0075 on 30th December 2017. Digital Coin’s total supply is 2 million units.
Cryptopolitan
ETC coin price prediction for 2022
The Ethereum Classic coin forecast for 2022 is USD 42. Most mining operations will be left behind by the upcoming Ethereum hard fork later this year. ECT offers compensation to those who continue running a PoW consensus mechanism. The price of ETC will range between $41.23 and USD 46.34.
Ethereum Classic Price Prediction 2023
Despite its recent setbacks, Ethereum Classic (ETC) remains one of the most promising cryptocurrencies. It has been endorsed by crypto influencers like Vitalik Butterin, who believe that Ethereum Classic stays true to the decentralized nature of blockchain technology. The Ethereum Classic price forecast predicts it will reach highs of $61.08 per coin and lows of $71.63 per coin.
Ethereum Classic (ETC) coin price prediction for 2024
The Ethereum Classic predictions for 2030 are $92.37. Supporters call it the original Ethereum because of the DAO attack that led to a fork. The continuing improvements on Ethereum will drive crypto enthusiasts to ETC. That keeps the original values of Ethereum intact and drives prices higher. The Ethereum Classic forecast ranges from $89.70 – $107.85.
ETC price prediction for 2025
The Ethereum Classic (ETC) market cap is currently around $1.5 billion. By 2025, the market cap will reach $4.2 billion. The Ethereum Classic (ETCH) future value forecast is $120.00. In 2025, the ETC/USD exchange rate will be $160.00. ETH prices will increase by 7% per year.
Ethereum Classic Price Prediction 2026
The Ethereum Classic (ETC) price prediction for 2026 stands at $185.04. On 5 May 2021, ETC reached an all-time high of $177.82. Our forecasts predict that the coin will reach new heights in 2026, reaching $220.53. Between $178.34 and 220.53, we expect ETC to trade hands.
ETC price prediction for 2027
The Ethereum Classic (ETC) team is focused on providing an open-source platform that allows anyone to build decentralized applications (DApps). They believe that the best way to achieve this goal is through building a robust network that can handle thousands of transactions per second. The Ethereum Classic team plans to continue developing the core protocol and creating new features to help DApp development. Their vision is to create a world computer where users can freely interact with one another without the interference of any central authority. The Ethereum Classic team believes that implementing smart contracts and running them on the blockchain is the best way to do this. The team also wants to provide tools for developers to write secure code and develop innovative solutions to problems.
ETC price prediction for 2028
The ETC‘s projected future value is $385.00. Technology improvements will make the blockchain sustainable and cheaper to use. More applications of smart contracts will attract more dapps and decentralized apps. Its market cap will surpass $370.00 and fall below $480.00.
Ethereum Classic Price Predictions 2029
The Ethereum Classic price forecast for 209 is $543.51. Industries will dare to implement new technologies such as blockchains in the future. ECT will have a solid cryptocurrency system without malicious activity, so it’s an attractive investment option. The price of Ethereum Classic can go down to $528.27 and up to $596.95.
ETC price predictions for 2030
Ethereum Classic (ETC) is an open source, public, blockchain-based distributed computing platform featuring smart contract functionality. Its native currency is called Ether. In addition to being used as a medium of exchange, Ether can also be invested in through initial coin offerings (ICOs). Unlike traditional currencies such as USD, BTC, and EUR, Ether cannot be printed out of thin air; instead, it is mined through a process known as mining. Mining involves solving complex math problems and collecting small amounts of Ether. Once collected, one can trade these coins for goods and services. The Ethereum network is powered by miners who validate transactions and store them in blocks.
Ethereum Classic Price Predictions 2031
The Ethereum Classic (ETC) market cap is currently USD 1.3 billion. In 2031, the Ethereum Classic (ETC)’s market cap is predicted to be $2.8 billion. That means the value of ETC would increase by 1,734%.
