Ethereum Classic is an open-source, decentralized, blockchain-based cryptocurrency which runs on smart contracts. Based on the principle ‘Code is Law’ ETC emerged as a split version of Ethereum blockchain as a result of a hack.
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.
Table of contents
- Ethereum Classic Fundamental Analysis
- Ethereum Classic Price Prediction 2021
|Market cap||$ 6,071,141,372.0000|
|Circulating Supply||$ 128,007,481.6612|
|Trading Volume||$ 772,328,707.0000|
|All time high||$ 167.0900 May 6, 2021|
|All time low||$ 0.6150 July 25, 2016|
Ethereum Classic Fundamental Analysis
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.
Originally, Ethereum is the hard fork of Ethereum Classic which 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. Transaction fee is collected by the miners based on the work. It runs on a proof-of-work mining algorithm.
Ethereum Classic Price Prediction 2021
ETC trading at the start of 2021 began with the trading price of $5.70. Further the price kept on surging and eventually entered a massive uptrend phase in the first week of April. The price rose like a giant and surpassed $50 in the beginning of May and also surpassed $100 within a couple of days.
Maintaining the bullish rally, the price is eventually expected to cross $150 in coming days. And if the bull run gets accelerated the price may also reach $200. On the contrary, if the price slashes, the price may retest the levels around $100 or below.
Ethereum Classic Price Prediction 2022
After a pretty good trade year 2021, the ETC price may start the yearly trade above $150 levels and eventually keep on surging until it breaks $200. The price is expected to trade above $250 by the mid of 2022 and surge above $300 by the end of 2022. However, an accelerated rally may lead the price to jump above $350 to $380.
Price Prediction For The Next 5 Years
The ETC price is expected to rally hard and eventually hit the highest levels above $450 by the mid of 2023. However, the price is expected to flip and fall into a bearish trap, declining the prices further.
The price is expected to keep on varying including pumps and dumps which may even lead the price slash below $200. But on the contrary if the price regains the bullish momentum, the price may end up trading in between $350 to $400 by the end of 2025.
Market Prediction For Ethereum Classic
TradingBeasts.com predicts ETC might reach $120.687 by the end of 2021 and $191.184 by the end of 2024.
Longforecast.com predicts that ETC might end the year 2021 trading in between $494 and $613. By the end of 2024, the price may trade around $237 to $304 and by the mid of 2025, the price may trade in between $225 to $279.
According to DigitalCoinPrice, Ethereum classic may trade at an average of $209.35 by the end of 2021 and $359.94 by the end of 2025.
Our Price Prediction
Considering the historical price movements and the recent change in the price, the ETC price is expected to trade around $150 to $180 by the end of 2021. However, keeping the bullish momentum intact, the ETC price is expected to reach above $300 to $350 by the end of 2025.
Historical Market Sentiments
Ethereum classic started its journey with the 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.
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. 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 the mid December and later plunged to $26.93 to end the trade of 2017.
ETC initiated 2019 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 trading around the $5 mark.
ETC managed to trade at the range between $3 and $7 throughout the year.
During 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.
By 2021, ETC is expected to reach $150.52.
Yes. The long-term earning potential is quite high.
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.