Ethereum Classic (ETC) is a hard fork of Ethereum (ETH) that launched in July 2016. Do you know, ETC has a significant rule of “You are your own bank”.
In this article, let us try to know some basic information regarding ETC and find out the Ethereum Classic price prediction for 2021 and beyond. At the end, you will have a clear outlook on ETC Price, whether it is a good investment.
|Market cap||$ 857,290,757.0000|
|Circulating Supply||$ 116,319,790.0000|
|Trading Volume||$ 601,896,547.0000|
|All time high||$ 44.3400 January 14, 2018|
|All time low||$ 0.6150 July 25, 2016|
What is Ethereum Classic?
Ethereum Classic is the basic Ethereum token, created on the smart contracts system, which appeared in 2015. It was designed to help the developers to operate the application effortlessly, with heightened security.
Ethereum Classic is the hard fork of Ethereum. It was officially launched in July 2016. It has the ability to host and support decentralized applications. The main aim of Ethereum classic is to conserve the Ethereum blockchain.
Ethereum Classic was developed by Vitalik Buterin and Gavin Wood. One of the main features of ETC is, anyone can participate in its global development community. A transaction fee is collected by the miners based on the work. It runs on a proof-of-work mining algorithm.
Ethereum Classic Technical Analysis
Ethereum started its journey with the trading price of $0.66. The price drastically surged to $2.14 as ETC commenced its trade at the end of July. With certain price variations ETC managed to trade at $1.38 at the end of 2016.
ETC continued to trade at $1.40 by early January. The price steadily started to rise and dramatically the price hit $22.34 by mid of June and started to drop further. Shockingly, the price dropped around $10 by September and ETC started to surge further. Interestingly, ETC recorded its All-Time-High by reaching $47.77 by the mid December and later plunged to $26.93 to end the trade of 2017.
Surprisingly, ETC was trading at $41.70 during January and further plunged to $19.75 by early February. Later the price again poured to $41.79 on February 20 as bulls held the market. The price again started to move downward and arrived at $14.13 by April. ETC managed to be in the range between $12 and $16 until December. Later the crypto market crash led to the decline in the price of ETC as well as other altcoins. At the end of 2018, ETC was trading around the $5 mark.
ETC price has experienced the moon and back in the year 2018. With a trading price of $5.27, ETC started the year 2019. With certain fluctuations, ETC managed to trade at the range between $3 and $7 throughout the year.
At the start of 2020, ETC was trading at $4.86. Progressively, the price managed to reach the $11 mark by early February and further plunged to $5 by the end of March. The price continued to be stable throughout the year with certain variations. At the end of 2020, ETC traded at $5.66.
Ethereum Classic Price Prediction 2021
ETC entered the year 2021 with a trading price of $5.70. The price might rise as Ethereum Classic may further improve its scalability, interoperability with other blockchains. ETC may trade between $10 and $13 for several months until November. By the end of 2021, ETC might be traded at the $15 mark.
Ethereum Classic Price Prediction 2022
ETC might commence the trade at $ 15.55 at the start of January. With the influence of experts and bulls, ETC’s price might grow. ETC may hover between the range $12 and $14 throughout the year. At the end of 2022, ETC is anticipated to reach the $18 mark.
ETC 5 years Price Prediction
In 5 years, Ethereum Classic might enter higher heights. It may come under the top 20 list of the cryptocurrencies. ETC might compete with the leading altcoins. ETC might concentrate on more project developments and collaborations to enhance the security of the users. In 5 years it may reach $28.
Ethereum Classic Market Prediction
The marketers have completely different views on ETC. Let us check what the marketers are thinking about Ethereum Classic.
According to TradingBeasts.com, ETC might trade at $8.76439 by the end of 2021 and $12.47336 by the end of 2024.
According to Longforecast.com, ETC might end the year 2021, with the trading price of $5.63.
According to DigitalCoinPrice, Ethereum classic may trade at an average of $12.18 by the end of 2021 and $25.41 by the end of 2025.
Our Price Prediction
ETC initiated the year 2021 with a trading price of $5.70. With certain inbound developments and partnerships, ETC may reach newer heights. It may be a good investment for the long-term. Ethereum Classic might trade around $17 by the end of 2021 and might hit $45 in the future.
No, ETC cannot be halved as it is only mined.
Yes, ETC is an open-source platform that runs on a decentralized network.
Ethereum runs on Proof of Stake consensus algorithm and Ethereum Classic works with smart contracts and Decentralized Apps.
ETC can be traded at the popular exchanges like Binance, OKEx, HitBTC, Upbit and many more.