The Crypto space has been slowly garnering the attention of industrial investors. In order to attract newbies, unique crypto projects are coming out in the market. Ethereum Classic (ETC) is one such project that thrives to enable developers to build and deploy smart contracts.

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Ethereum Classic is one of the oldest cryptocurrencies that happened to become familiar with the Ethereum hack. Precisely, Ethereum Classic is the older version of Ethereum, which switched to Proof of stake with its smart contracts. 

Investing in this emerging cryptocurrency can be a sensible choice to make. But anxious about how the coin will perform? To retort your inquiries we have with us the price prediction of ETC for 2022 and the years to come!

Overview

Ethereum Classic (ETC) Price Prediction For 2022

 ETC price had made its way to 2022, continuing its downtrend from the past year, with a price tag of $33.92. Over the week the digital asset slipped further, which landed the price at $27.41, by the 10th of January. Whilst it did pose a short-term retracement to $32.83 by the 19th of January. The crypto asset took the quarter’s biggest fall to $21.77 on the 22nd of January. 

Howbeit, the digital asset showed a 74.46% leg-up with the wick brushing $37.61 on the 11th of February. The uptrend was short-lived, as torrential torments prevailing from the geopolitical tussle between Russia and Ukraine. And FED’s hike were the catalyst to a dump, which costed ETC 38.87% in gains. ETC price was seen moving sideways until the 19th of March, post which an 82.70% boost helped close the quarter at $51.05.

Ethereum Classic’s (ETC) Price Prediction For Q2

 Rising from the current levels of $41.7 to $48.55 could invalidate the asset’s plunge below its support levels. Seeking impetus from the growing volumes, the price could range toward $68.29. A steady ascend from which could bring the maximum closing target of $73.93. 

On the flip side, volumes taking another dip could drag the price down to $44.71. That said, in the case of average trade practices, the asset would end up trading at $57.78.

ETC’s Forecast For Q3

 If the protocol sees a rise in volumes, collaborations, and adoptions, ETC’s price could hit its higher target of $93.67. In contrast, bears weighing heavier than the bulls could suppress the price to $60.12. Successively, considering the bullish and bearish targets, the regular price could settle at $77.22.

ETC Prediction For Q4

 The optimism of being in the final leg of the year, and the fast-approaching holiday season and new year. Could boost the social sentiments of investors and traders. Which would uplift the price up to a maximum of $124.34 by the end of the year.

On the contrary, if bears predominate the market and if fears impact the price, then it would flip to $73.73. Collectively, the regular price target could fall to $93.97.

Ethereum Classic’s Price Forecast For 2023

 ETC has facilitated a fast, cost-efficient, and better user experience. These features could uplift the Ethereum classic price to as high as $201.63 in 2023. The average and minimum possibilities are could be at $168.29 and $148.01.

Price Prediction For The Next 5 Years

Many people may dive into the crypto market, and as newbies, they will look out for relatively low-priced yet worthy currencies. Ethereum Classic is affordable for beginners and also is familiar with its very own breakout from Ethereum. If such a scenario occurs, the ETC price can boom and even touch $385.78.

 But, the fact that Ethereum classic is still an inactive network in the competitive space can have a negative impact on its price movements. So, by the end of the next five years, ETC can slash to a minimum of $198.66. However, since ETC is the original Ethereum, it can move steadily with an average price of $271.66.

What Does The Market Say?

Wallet Investor:

According to Wallet Investor, the ETC price might pick up a bullish rally and hit a maximum of  $82.862 by 2022. The firm expects the minimum price to fall to $56.021 and the average price at $68.492 by year-end. They anticipate that the price may hit the milestone of $112.452 by the end of 2023. And a maximum target of $181.455 by the end of 2025.

Trading Beasts:

The website expects a fairly slow-paced projection for Ethereum Classic. According to the prediction of Trading Beasts, ETC price could claim its potential high for 2022 at $45.114. The analysts from the firm expect the annual closure with minimum and average levels at $30.677 and $36.091 respectively.

That said, Trading Beasts anticipates the price of Ethereum Classic to close its annual trades for 2023 and 2025. With its potential highs at $60.895 and $103.473 respectively. 

Digital Coin Price:

According to DigitalCoinPrice, Ethereum classic may trade at an average of $56.05 by the end of 2022. The firm forecasts the minimum and maximum levels for the annual closure at $51.44 and $59.18 respectively. That said, the maximum targets for 2023 and 2025 are set at $67.35, and $91.95.

Gov.Captial:

Gov. capital has revised its prediction for ETC price. The firm now expects the token to hit a maximum of $62.343 by the end of 2022. On the contrary, it is believed, that trend reversals in the market would plummet the price to $46.080. And with average buy and sell pressures it would end up trading at $54.212. 

The website has also made a bullish prediction for the long term. The price is expected to surge to a maximum of $98.380 by the end of 2023. That said, the average and minimum probabilities for the end of 2025 are set at $85.54 and $172.501 respectively.

Click here to read our detailed price forecast on Binance Coin (BNB)!

What is Ethereum Classic (ETC) token?

Ethereum Classic is the basic Ethereum token, created on the smart contracts system, which first appeared in 2015. It was designed to help the developers to operate the application effortlessly, with heightened security. Originally, Ethereum is the hard fork of Ethereum Classic which was officially launched in July 2016.

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.

Conversely, one of the main features of ETC is that anyone can participate in its global development community. The transaction fee is collected by the miners based on the work. That said, it runs on a proof-of-work mining algorithm.

Fundamental Analysis

Like Ethereum, Ethereum Classic also allows the signing of agreements on transactions-Smart contracts. These contracts are said to host the Decentralized Apps made on the platform (DApps). A Proof-of-Work (PoW) consensus allows the ETC coins to be mined. Every transaction happening over the network requests a stipulated transaction fee to be paid. 

Further, miners receive incentives in the form of ETC for creating reliable blocks. The network works on the original Ethereum blockchain that persisted before the DAO hack. However, it underwent some updates to restore security. Unlike Ethereum, which is planning to switch to PoS soon, Ethereum Classic has no such plans and would continue with PoW, coupled with scalability improvements in the near future.

Many misinterpret ETC to be a payment medium when in reality it is only a decentralized blockchain domain. Assisting the creation of DApps and smart contracts, without any third-party interference. The network has always been with open arms for new partnerships and collaboration posing to enhance its utility.

Our ETC Prediction

 IOHK’s move towards scalability and environment-friendly initiatives is known to the masses from the industry. IOHK’s relation with Ethereum Classic can impose a green signal for the altcoin in the near future. According to Coinpedia’s formulated price prediction, if the network sees initiatives with IOHK. The price of ETC could soar to its maximum of $125, by year-end.

On the other hand, if the network fails to work on its security. And falls prey to another cyber hack, the price can drop to $71.5. As a long-term forecast, if Ethereum Classic grows in price and shows good profit margins it can hit $380. But negative sentiments like a mining ban or a market collapse can pull a low of $200.

Historical Market Sentiments

2016

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, ETC managed to trade at $1.38 at the end of 2016.

2017

ETC continued to trade at $1.40 by early January. The price steadily started to rise and dramatically hit $22.34 by mid of June, but started to drop further. The price dropped around $10 by September and ETC started to surge further. However, ETC surged further and recorded its All-Time-High by reaching $47.77 by mid-December. And later plunged to $26.93 to end the trade of 2017.

2018

ETC initiated the 2018 trade at $41.70 and further plunged to $19.75 by early February. Later the price surged to $41.79 in February as bulls held the market. Further, the price initiated a downward move 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 seen trading around the $5 mark.

2019

 The year had broadly been bland for Ethereum Classic. The price of ETC managed to trade in the frequency range between $3 and $7 throughout the year.

2020

 During the start of 2020, ETC was seen trading at $4.86. In a progressive move, the price managed to reach the $11 mark by early February. But plunged to $5 by the end of March. The price continued to be stable throughout the year with certain variations. ETC had closed its annual trade for 2020 at $5.66.

2021

  2021 was fairly a bullish year for Ethereum Classic, as it made massive profits during the first half of the year. The digital asset which initiated its trade at $5.70, surged to surpass its 3-digit milestone. As the price hit its ATH of $176.06 on the 6th of May. However, the digital asset was hit hard by the market crash. Which resulted in losses of 440% taking the price to $41.51 on the 21st of July 2021.

Thereafter the price of ETC surged gradually with a resurgence of more than 40%. Further, the Chinese market turmoil in the first week of September pushed the price down to $45.47. The price was seen struggling to break out of crucial resistance between $50 to $55 in the final quarter. Yet woefully failed to achieve the same. With a prolonged bearish predominance, ETC’s price plummeted to $35.39.

To read our detailed price prediction of Fantom click here!

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