The summary of this Ethereum Classic price prediction tells us that the opinion of respected crypto experts and technical-based analysis combined predict that ETC has the potential to reach anywhere between $420 to over $440 between now and the year 2025. To avoid missing out on potential upcoming price surges in the cryptocurrency market, check out our easy-to-follow article on how to buy Ethereum Classic.
“Ethereum is ahead of Bitcoin in many ways and represents the bleeding edge of digital currency.”– Vitalik Buterin
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Whether it’s Bitcoin or Ethereum, even the most powerful cryptocurrencies have their flaws. This can often result in a hard fork that sees an attempt to better a digital asset and fix ongoing issues. This happened to both Bitcoin and Ethereum. The latter saw a hard fork that resulted in Ethereum Classic.
A fork often divides crypto communities. But in the first four months of 2020 alone, Ethereum classic surged to an all-time high that saw investors make returns of over 1000%. This lead to increased demand for an accurate Ethereum Classic price prediction for the coming five years.
But are you wondering if it’s too late to start investing in Ethereum Classic? You’re not alone, many people are curious about whether investing is a good idea. I was one of those people until I began to use a range of factors to research the future price of this innovative digital currency such as:
- Price history
- The latest legislation
- Prediction strategies
- Expert analysis
- New investors
By analyzing all of these factors, I was able to find out that there’s never a bad time to invest in Ethereum Classic. For example, statistics from the leading trading platform of eToro tell us that sales have skyrocketed in the past few months, demonstrating that demand for this coin is very high.
But what does the future hold for investors who get on board now? Will it rise even further? Our Ethereum Classic price prediction aims to answer all. But first, let’s start with just what Ethereum Classic is, how it differs from plain old Ethereum, and just how it works.
What is Ethereum Classic?
Created by Vitalik Buterin and released in 2015, Ethereum is an open-source public blockchain that gives people the ability to build on the blockchain. It can also be used as a digital currency. Using the native cryptocurrency of Ether (ETH), it was originally one network under the Ethereum blockchain. That was until a devastating hack in June 2016 that saw $50 million worth of funds stolen.
As a result, there were increasing calls for the money to be returned to its rightful owners. To do this, a hard fork of the Ethereum network took place and Ethereum Classic was born to simultaneously exist alongside Ethereum itself. Whilst the latter uses ETH as its native cryptocurrency, Ethereum Classic uses ETC.
Just like its predecessor, Ethereum Classic is an open-source, decentralized, blockchain-based distributed cryptocurrency platform with the ability to run smart contracts. However, Ethereum is widely regarded as the more legitimate platform. But reputation aside, Ethereum Classic has the potential to be a potentially lucrative investment. Let’s see what the experts have to say.
Pros and cons of Ethereum Classic
Like any cryptocurrency, Ethereum Classic has its fair share of incredible pros and limiting cons. We always aim for transparency in our articles. So in this section, we’re going to cover some of the most important pros and cons of Ethereum Classic.
|✔️ People can save money cost from Ethereum projects to switching to Ethereum Classic.||❌ Most major developers are supporters of the new hard forked Ethereum.|
|✔️ Ethereum Classic and Ethereum share many advantages as they use the same protocol and are running the same code.||❌ The community of ETC is quite small|
|✔️ The price of ETC will skyrocket if people start switching to Ethereum Classic.|
Frequently asked questions about Ethereum Classic
Before we get into the price prediction, next we’ll cover some frequently asked questions about Ethereum Classic to give you a better understanding of this long-running digital asset and its price potential.
What makes Ethereum Classic different from Ethereum?
Although Ethereum’s ETH is considered the more legitimate and widely traded. Ethereum Classic’s ETC has value as a speculative digital asset that investors can trade. ETC has 116.3 million coins in circulation with a market capitalization of $3.9 billion while ETH has approximately 115.6 million in circulation and a market cap of more than $304.9 billion.
What makes an Ethereum-built app different than a conventional one?
From fitness to translation on the go, apps have changed our lives enormously. With an Ethereum app, the function is the same but the backend function is much more innovative. Ethereum apps are decentralized, meaning control of the data in these types of services is returned to its owner.
What does the future hold for Ethereum Classic?
Whilst Ethereum Classic is host to a wide range of advantages and the ability to host decentralized applications, there is a lot of valid criticism of the technology. A lot of it has reliance thereon around the scalability issues that it faces. However, the native token of ETC is constantly working on its code and software with the aim of becoming a global payment network using smart contracts that can function without centralized governance as well as being a store of value.
Will Ethereum Classic reach $500?
Currently priced around $50 dollars per ETC, many investors are keen to know if it can reach $500 or more. Long-term price predictions suggest that, due to having three times the bandwidth of Bitcoin, not only can Ethereum Classic reach $500 dollars, but it will also reach prices above that in the future after breaking above its previous all-time high.
Where do people buy Ethereum Classic?
You can buy, sell, and trade Ethereum Classic from many exchanges and broker platforms by using fiat currencies to buy at a good exchange rate. If you are a new investor, then we suggest using eToro. It’s safe, regulated, and beginner-friendly. The eToro interface is very simple to use, and it has an array of trading tools to allow you to trade safely.
Ethereum Classic Price History
Studying the price history of a digital asset is a great method of predicting whether it will make a worthy investment in the future. When it comes to the wild ride of the prices of Ethereum and Ethereum Classic, this price history is particularly interesting. Let’s compare the two.
In 2015, the original Ethereum was trading at $1. In the space of 12 months, the price reached one of its all-time highs of $15. This was trumped in 2017 when the price skyrocketed from $10 to $1,400. The reason behind this price leap was due to a trending demand for ICOs at the time.
In comparison, Ethereum Classic was trading around $1 in 2017 and climbed to as high as $20 at the peak before it dropped back to $3 and stagnated for a few years. In 2021, the price of ETC surged to an all-time high that saw incredible returns for those who invested early enough.
From starting 2021 at around $5, the price of Ethereum Classic skyrocketed to $143 on the 7th of May. From the start of the year, this was a return on investment of 2426%. The price subsequently dropped and the Ethereum Classic price today now sits around $50.
This current price on the crypto market has left many wondering whether Ethereum Classic can have another positive trend to top its all-time high and have a bright future in the crypto world, but what do the experts say in their Ethereum Classic price predictions?
Expert analysis of the Ethereum Classic price potential
One of the best types of data we can use to try and determine the potential future price rise of Ethereum Classic is to analyze the Ethereum Classic price predictions of various crypto experts. Let’s delve into three estimated growth outlooks for various industry experts and analysts.
Digitalcoin released a bullish Ethereum Classic forecast that expected the price will average $90.8 in 2021 and rise to $120.89 in 2023. Over the longer term, it projects the price will climb to an average of $176.5 in 2025.
The Algorithm-based forecasting service Wallet Investor expected in their Ethereum classic price prediction that Ethereum Classic will rise to $68 at the end of 2021. Over the long term, Wallet Investor was just as bullish as Digital Coin and predicted that Ethereum Classic will be at $176 by the end of 2025.
Coin Price Forecast
Coin Price Forecast projected a far more bullish outlook for the future of Ethereum Classic over the long term. It is expected that ETC will hit $183.60 by the end of 2021 and an incredible $447.54 by the end of 2023. In their Ethereum classic price prediction, then expect the price to gradually climb and reach $421.32 by $2025.
Another rather bullish expert analysis on Ethereum Classic, at least in the short term, is Long Forecast. In their Ethereum classic price prediction, they expected the price of this unique digital token to potentially reach $112 by the end of 2021. But in 2023, their prediction begins to turn bearish as they expect it to drop to $55 by the end of the year. In the following two years, they predict that the price could drop even further to $43 in 2025.
Overall, the expert opinion is positive on the price prediction of Ethereum Classic. Over both the short and long term, they expect that this innovative technology has the potential to be a very wise investment for smart investors. But what does technical analysis tell us about the Ethereum Classic price forecast?
Technical analysis of the Ethereum Classic price potential
Now we move onto technical analysis to try and predict the future price of Ethereum Classic. This section will utilize powerful tools like the Japanese candlestick, chart patterns, and trading data. As well as giving traders the upper hand in day trading, they can enable us to discover long-term price predictions based on pure technicals when we assess longer time frames.
Ethereum Classic Price Prediction 2021 – 2022
At the beginning of 2021, the price of Ethereum Classic was around $5.70 but by the middle of the year, the price skyrocketed by 900%. By the end of 2021, it’s predicted that the ETC price will be around $183.60 with a year-to-year change of +3118%.
Ethereum Classic Price Prediction 2022 – 2023
Starting 2022 at a predicted $183.60, it’s forecast that the price of Ethereum Classic could rise to around $338.29 by the middle of 2022. By the end of the year, the price may see an increase of +540% on the current price as it finishes 2022 somewhere around $365.22.
Ethereum Classic Price Prediction 2023 – 2024
Between 2023 and 2024, it’s predicted that Ethereum Classic will start the year at $365.22, before seeing the price rise to somewhere around $384.24 within the first six months of the year. It’s possible that it will climb again and finished off the year at a slightly higher price than the previous year at $447.54. An increase of +684% on the current price.
Ethereum Classic Price Prediction 2024 – 2025
After starting 2024 at $447.54, it’s believed that ETC could drop to $397.58 sometime in the first six months of the year. It will then drop to $342.83 towards the end of the year. An increase of +501% on the current price. It’s then predicted to go on the rise again onwards through 2025.
Ethereum Classic Forecast Conclusion
The historic price data of Ethereum Classic has shown that it has the potential to reach returns on investment seen only by the likes of a few other major cryptocurrencies and it can be a good investment. Overall, the experts believe that ETC is going up in the near future. Meaning smart investors who get in at the right time may see potentially serious gains in their profits.
From hacks to scalability obstacles, Ethereum Classic is not without its issues, but these are constantly being addressed. In addition, there are various upgrades in the pipeline for ETC that will possibly add to the likelihood of the price reaching highs not seen before.
Whilst Ethereum has gone on to reach a firm price of over $2,000, ETC is still relatively affordable for new investors and provides a potentially incredible opportunity to get involved in this digital currency. Now, if you’re curious about how to invest in Ethereum Classic securely and safely, then we know the ideal crypto trading platform for you.
Where to buy Ethereum Classic?
ETC is available for buyers to buy and trade on eToro alongside 18 other cryptocurrencies. This is a well-established, highly regulated, and secure platform that has the potential to revolutionize your crypto trading.
What’s more, is that eToro allows you to access their incredible array of trading tools such as the Stop Loss, Take Profit, and built-in charting software that all let you maximize your potential profits whilst ensuring safe trading practices that protect the hard-earned funds of its users.
Also, eToro offers users the chance to try Leverage Trading on Ethereum Classic. This allows users to multiply small amounts to become large powerful positions that drive massive profits.
“It’s clear to me now that Ethereum is the new currency of the Internet. It’s way ahead of where Paypal was in its day, and it’s much more exciting to its customers than Paypal ever was.”– Olaf Carlson-Wee
Overall, the financial situation, risk tolerance, and investment strategy of each person vary. Only invest money you can afford to lose and balance out the risky nature of crypto investment by building a diversified portfolio.
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Disclaimer – The opinions expressed in this Ethereum classic price prediction are for informational purposes only and are not investment advice or financial advice. The trading of Ethereum Classic and other alternative cryptocurrencies has potential rewards and it can be a good investment, but it also has potential risks involved and can be volatile on a daily basis in the short term. A previous bullish trend may not necessarily reflect a future bullish trend. Anyone wishing to invest in digital assets or other currencies like Ethereum Classic should do their own research and seek his or her own independent financial or professional advice before making any investment decisions.