InformationPrice Prediction

Ethereum Classic Prediction 2021 – ETC Price to hit $100 in 2021?

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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. ETC is one such project which aims to enable developers to build and deploy smart contracts – autonomous.

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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 (PoS) with its smart contracts post a third party hack. This piece of Ethereum Classic price prediction projects forecast for 2021 and beyond! 

Investing in this thriving currency can be a sensible choice to make. But anxious about how well the coin will perform in the coming days? To retort your inquiries we have made a complete analysis of this currency that will make your decision-making journey easier. Jump in to know more about ETC Price Prediction!

Overview

CryptocurrencyEthereum Classic
TokenETC
Price$ 0.0000
Market cap$ 0.0000
Circulating Supply$ 0.0000
Trading Volume $ 0.0000
All time high$ 0.0000     January 1, 1970
All time low$ 0.0000     January 1, 1970

What Is Ether Classic (ETC) token?

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 the Ethereum classic is to conserve the Ethereum blockchain after it got divided.

Ethereum, which was developed by Vitalik Buterin and Gavin Wood, experienced an occurrence of around 3.6 million Ether coins being stolen in 2016. Post this hack junction, the community split into Ethereum and Ethereum classic, with the latter holding the original blockchain. 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. 

To buy/sell and trade ETC lookout for cryptocurrency exchanges that list the token. They are exchangeable for a range of fiat currencies and stablecoins too! According to Coinmarketcap, you can trade ETC on exchanges like Binance, Houbi Global, OKEx, and many more.

Fundamental Analysis

Like Ethereum, Ethereum Classic also allows 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 creation of DApps and smart contracts, without any third-party interference. Despite improvements made to boost security, Etheeum classic has experienced a number of cyber attacks in recent times. Last year from July to August, the network was subjected to more than a 51% attack.

The network has always been with open arms for new partnerships and collaboration posing to enhance its utility. Remarkable partner events are those with Chainlink, integrating their Decentralized Oracles on to Ethereum Classic in 2020. Moreover, the network has a consortium of development companies like ETC Labs, ETC Core, Godel Labs and many more working for it.

The official website of the network regularly posts regarding the updates they are working on. Pertaining to this month, Ethereum Classic has announced about the Magneto upgrade and IOHK development! 

Also read: Cardano Price Prediction, Updates to make ADA Hit $10?

Ethereum Classic Price Prediction 2021

ETH classic gained massive profits this year. ETC began trading at $5.70. Further, the price kept on surging. And eventually, the price surpassed 3 digit milestone reaching ATH $176.06 on May 06, 2021. ETC was hit hard by a market crash. The price fell by 440% reaching $41.51 on July 21st, 2021. 

The ETC price has surged gradually from early July with a resurgence of more than 40%. Further, owing to the Chinese market turmoil in the first week of September, the price has fallen to $45.47.   

Ethereum Classic Price Prediction for Q4: The price was seen struggling to break out of crucial resistance between $50 to $55. The notable rise in the buy orders would uplift the price action initially to $75, then anticipated to gradually reclaim the previous ATH of $130. On the contrary, the price would plummet between the bottom support of $40 to $45 range. In the case of average buy and sell pressures, the price would end up trading around the $78.458 price zone. 

Also Read: Chainlink price prediction, A Whoop $100 for LINK?

Ethereum Classic Price Prediction 2022

If ETC closes this year hitting the lows, then it might resume next year’s trade with a bearish note. In that case, the Ethereum Classic price starting January may be near $112.48. On a bullish note, the price would resume at around $134.458.

The altcoin has proved to be a stable-priced investment all long! Despite the fact that Crypto markets are unpredictable, ETC has not flapped too much. Thus, by the end of 2022, Ethereum Classic price can reach a high of $208.63.

On the flip side, Unlike new currencies that bagged a huge user base and community, Ethereum Classic still has a limited community circle. In the coming year, with increasing competition in the market, if ETC fails, it can drop to $142.01.  However, considering regular buying and selling signals, the average price for 2022 maybe $181.52.

5 Years Ethereum Classic Price Prediction

As the years pass, 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 $435.78.

 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 next five years, ETC can slash to a minimum of $338.66. However, since ETC is the original Ethereum, it can move steadily with an average price of $391.54.

ETC Market Prediction

Walletinvestor:

According to walletinvestor, they believe the ETC price might continue the bull rally and may easily hit a maximum of  $74.977. The minimum price is $53.149 and the average price would be $64.464 by the end of 2021. They anticipate that the price may hit the milestone of $315.560, the average ETC price is expected to smash $265.802. On a bearish note, the token would plummet to $219.957. 

TradingBeasts:

The website is hopeful of Ethereum classic price to reach a maximum of $63.818 by the year’s end. Average and bearish cases are being $51.054 and $43.396 by the end of 2021. The long-term prediction appears to be bullish for the altcoin as they predict to hit a maximum of $68.528. On the contrary, they expect the price to plummet to $46.599 and in the average case, it would end up trading at $54.822 by the end of 2024.

DigitalCoinPrice:

According to DigitalCoinPrice, Ethereum classic may trade at an average of $85.49 by the year-end and $166.18 by the end of 2025.

LongForcast:

Gov. capital has revised their prediction for ETC price, they expect the token to hit a maximum of $64.93475. On the contrary, they believe, trend reversals in the market would plummet the price to $47.995. And with average buy and sell pressures it would end up trading at $56.465. The website has also made a whopping prediction in the long term, they expect the price to surge to a maximum of $220.943. Average and minimum probabilities will be $192.125 and $163.306 respectively by the end of 2025.

Our Price Prediction

IOHK’s relation with Ethereum Classic can impose a green signal for the altcoin in the coming months. According to Coinpedia’s formulated Ethereum Classic price prediction, if the network turns active with IOHK working on it, the ETC price for the year can hit a high of $90.452 by 2021 end.

On the other hand, if the network fails to work on its security and falls prey to another cyber hack in the coming months, the price can drop to $40.4 with increasing FOMO.

Also read: Cardano Price Prediction, Updates to make ADA Hit $10?

Year Potential High Potential Low 
2021$104.452$44.43
2022$221.63$168.01
2025$415.78$307.66

How Did ETC Price Perform Previously?

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 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 mid-December and later plunged to $26.93 to end the trade of 2017.

2018

ETC initiated the 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.

2019

 ETC managed to trade at the range between $3 and $7 throughout the year.

2020

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.

FAQ

What will ETC be worth in 2021?

By 2021, ETC is expected to reach $140.

Is it profitable to invest in Ethereum Classic?

Yes. The long-term earning potential is quite high.

What is the difference between Ethereum and Ethereum Classic?

Ethereum runs on the Proof of Stake consensus algorithm and Ethereum Classic works with smart contracts and Decentralized Apps.

Where to trade ETC?


ETC can be traded at popular exchanges like Binance, OKEx, HitBTC, Upbit, and many more.

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Disclaimer : The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of Coinpedia. Every investment and trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

Elena R

Elena is an expert in technical analysis and risk management in cryptocurrency market. She has 10+year experience in writing - accordingly she is avid journalists with a passion towards researching new insights coming into crypto erena.

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