The Crypto space has been slowly garnering the attention of industrial investors. In order to attract newbies, unique crypto projects have been brewing in the market. Ethereum Classic (ETC) is one such project that thrives to enable developers to build and deploy smart contracts.
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
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 ETC price prediction for 2022 and the years to come!
|Market cap||$ 2,787,802,428.0000|
|Trading Volume||$ 0.0000|
|All-time high||$ 167.0900 May 6, 2021|
|All-time low||$ 0.6150 Jul 25, 2016|
|Year||Potential Low||Average Price||Potential High|
ETC price had made its way to 2022, continuing its downtrend from the past year, with a price tag of $33.92. The crypto asset took the quarter’s first 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 led to a pullback.
However, an 82.70% boost helped close the first quarter at $51.05. The second quarter was predominated by the bears, with no ifs and or buts about it. The exasperating ruckus in the business had direct implications on the ETC price. The brawl between the bulls and the bears led to the second quarter’s closure at $14.39 with losses summing up to over 68%.
If the protocol sees a rise in volumes, collaborations, and adoptions, ETC’s price could hit its higher target of $42.32. In contrast, bears weighing heavier than bulls could suppress the price to $30.75. Successively, considering the bullish and bearish targets, the regular price could settle at $36.90.
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 $52.81 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 $37.39. Collectively, the regular price target could fall at $44.58.
ETC has facilitated a fast, cost-efficient, and better user experience. These features could uplift the Ethereum classic price to as high as $92.49 in 2023. The average and minimum possibilities are being $65.91 and $47.89.
The growing adoption of cryptocurrencies will eventually drive the prominence of Ethereum Classic in the long run. Moreover, growing volumes in the industry, on account of Bitcoin’s halving, could propel the ETC price to its potential high of $144.99.
On the contrary, if the business comes across regulatory crackdowns and restrictions, ETC’s price might stumble down to $73.63. That said, regular trade practices could land the altcoin at $102.65.
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 $228.78.
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 2025, ETC can slash to a minimum of $118.47. However, since ETC is the original Ethereum, it can move steadily with an average price of $176.24.
According to Wallet Investor’s Ethereum Classic price prediction. The ETC price might pickup a bullish rally and hit a maximum of $48.184 by 2022. The firm expects the average price at $32.105 by year-end. They anticipate that the price may hit the milestone of $60.874 by the end of 2023. And a maximum target of $84.666 by the end of 2025.
The website expects a fairly slow-paced projection for Ethereum Classic. According to the prediction of Trading Beasts, the ETC price could claim its potential high for 2022 at $37.855. The analysts from the firm expect the annual closure with minimum and average levels at $25.742 and $37.855 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 $39.301 and $50.750 respectively.
According to Digital Coin Price, Ethereum classic may trade at an average of $42.13 by the end of 2022. The firm forecasts the minimum and maximum levels for the annual closure at $39.19 and $44.86 respectively. That said, the maximum targets for 2023 and 2025 are set at $76.85, and $140.71.
Gov. capital has revised its ETC price prediction. It now expects the token to hit a maximum of $26.271 by the end of 2022. On the contrary, it believes that trend reversals in the market would plummet the price to $19.418. And with average buy and sell pressures it would end up trading at $22.845.
The website has also made a bullish prediction for the long term. The analysts expect the price to surge to a maximum of $61.546 by the end of 2023. That said, the average and maximum probabilities for the end of 2025 are set at $138.192 and $158.920 respectively.
Click here to read our detailed price forecast on Binance Coin (BNB)!
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.
Like Ethereum, Ethereum Classic also allows the signing of agreements on transactions-Smart contracts. These contracts are said to host the decentralized
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.
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 ETC price prediction, if the network sees initiatives with IOHK. The price of ETC could soar to its maximum of $52, by year-end.
On the other hand, if the network fails to work on its security, and falls prey to any cyber hack, the price can drop to $37.5. As a long-term forecast, if Ethereum Classic grows in price and shows good profit margins it can hit $230 by 2025. But negative sentiments like a mining ban or a market collapse can pull a low of $120.
To read our detailed price prediction of Fantom click here!
No, ETC cannot be halved as it is only mined.
Yes. The long-term earning potential seems bullish for Ethereum Classic.
Ethereum runs on the Proof of Stake consensus algorithm and Ethereum Classic works with smart contracts and Decentralized Apps.
ETC price could possibly be changing hands at its maximum level of $52.81 by the end of 2022.
Ethereum Classic (ETC) is listed across renowned cryptocurrency exchange platforms such as Binance, Huobi Global, OKex, and many more.
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