Ethereum Classic Price Prediction: Will ETC Coin Reach $100?

November 4, 2024

Price Prediction

Sean Korbett

Ethereum Classic (ETC) is a decentralized blockchain platform that originated from the original Ethereum network in 2016 following a contentious hard fork triggered by The DAO Hack. Unlike Ethereum, which chose to reverse the hack by altering the blockchain, Ethereum Classic preserved the original chain, upholding the principle of immutability. This commitment to maintaining an unaltered history has attracted a dedicated community that values decentralization and the ethos of ‘code is law.’ ETC’s price skyrocketed in 2021 and has never dropped to its previous levels since. Is this cryptocurrency going to retain its position in the future and expand into new fields? Discover the Ethereum Classic price prediction in StealthEX’s latest article.

Ethereum Classic (ETC) Overview

Ethereum Classic (ETC) is a decentralized, open-source blockchain platform that emerged as a result of a split from the original Ethereum blockchain in 2016. This separation occurred after a significant event known as ‘The DAO Hack,’ where a vulnerability in a smart contract led to the theft of millions of dollars in Ether. In response, the Ethereum community chose to implement a hard fork to reverse the hack, while Ethereum Classic maintained the original blockchain’s integrity and philosophy of immutability.

ETC operates on a Proof-of-Work consensus mechanism, ensuring security and decentralization. It supports smart contracts and dApps, similar to its counterpart, Ethereum. However, Ethereum Classic places a stronger emphasis on the principle of code as law, rejecting changes to the blockchain that would alter its history. This commitment to immutability and resilience has attracted a dedicated community and several developers who believe in the vision of a truly decentralized platform. With its unique identity and ongoing developments, Ethereum Classic continues to play a significant role in the broader blockchain ecosystem. Being one of the top-30 cryptocurrencies by market cap, Ethereum Classic continues to play a significant role in the evolving landscape of blockchain technology.

Ethereum Classic was created by the community of Ethereum developers and supporters who chose to maintain the original Ethereum blockchain after the hard fork in 2016. Notable figures involved in its establishment include Vitalik Buterin, the co-founder of Ethereum, along with other developers who disagreed with the decision to reverse the DAO hack. While the community was divided, those who supported Ethereum Classic believed in preserving the integrity and immutability of the blockchain as it originally existed. This commitment led to the continued development and support of Ethereum Classic as a separate entity within the broader blockchain ecosystem.

Ethereum Classic Features

Ethereum Classic offers a number of features within the crypto space. These are:

1. Smart contracts. Like Ethereum, Ethereum Classic supports smart contracts, allowing developers to create dApps that run on its blockchain.
2. Immutability. ETC emphasizes the principle of immutability, meaning that transactions and smart contracts on its blockchain cannot be altered once confirmed. This reflects the philosophy that code is law.
3. Decentralization. ETC aims to maintain a decentralized network, with no central authority or governance, aligning with the foundational ideals of blockchain technology.
4. Compatibility with Ethereum. While distinct, Ethereum Classic is compatible with Ethereum’s development tools and smart contracts, making it easier for developers to transition between the two platforms.
5. Community-driven development. The development of ETC is guided by its community, allowing for grassroots decision-making and a focus on long-term sustainability.
6. Limited supply. Ethereum Classic has a capped supply of coins, with a total of 210 million ETC, which can contribute to scarcity over time.
7. Focus on security. ETC’s commitment to security and stability is a central tenet, with ongoing efforts to enhance the network against potential threats.

Ethereum Classic (ETC) Price History Highlights 

• 2016: Ethereum Classic traded at $0.98 when it was created and launched to the market in June 2016. 
• 2017: ETC price increased by over 130% in March 2017 and reached a new high at $3.15, followed by a series of further gains totaling 125%. November brought 145% of gains with a new high price for Ethereum Classic at the value of $32, and with record-breaking transaction volumes exceeding 44 million. Ethereum Classic continued this positive momentum, breaking the resistance at $40 and reaching a new high of $42.
• 2018: In January 2018, the token’s price reached an all-time high (ATH) at the value of $47, then dipped to $28 in the same month. Until December 2018, ETC price traded between lows of $9 and highs of $20, before sinking to $4 at the end of the year.
• 2019: From February to May 2019, ETC price saw a more stable period of growth and managed to trade at over $8, reaching $9 in June as the new high for the year. By the end of 2019, ETC price had been through numerous changes caused in part by high volatility, trading between $8 and $3.
• 2020: January 2020 started bullishly with 157% of gains and ETC was able to climb to the price of $12 as its new high for the year until it reached the value of $13 in February. Ethereum Classic traded between $4 and $8 in March, and for the rest of the year, ETC would trade in the price range of $3 to $7 with frequent trend reversals.
• 2021: From the price of $5 in December 2020 and the start of 2021, ETC price experienced a surge and traded at $9 as its highest price in January. In May 2021, in a new peak of bull run, it reached its all-time high of $176.16.
• 2022: The year 2022 might have seen the ETC price hovering between the range of $13 to $49. 
• 2023: Throughout 2023, trading behavior was largely dominated by bearish trends. In April, bulls attempted to test the resistance at $23. However, this attempt lacked the strength to overcome it, so the price faced rejection. Moreover, ETC’s price frequently tested the $23 resistance level between December and the beginning of January. 
• 2024: During the bullish market in March, Ethereum Classic peaked at $36. It has since fallen in price again, and at the moment, its price hovers between $17 and $20.

Ethereum Classic (ETC) Price Chart    

CoinMarketCap, November 4, 2024

Ethereum ClassicPrice Prediction: 2025, 2026, 2030, 2040

ETC Price Prediction 2024

DigitalCoinPrice experts believe that in 2024 ETC coin’s price can go as low as $16.57 (-10%), while at its highest point, it can go to $40.25 (+118%).

PricePrediction experts think that in 2024 Ethereum Classic can drop to a minimum of $20.36 (+10%), while it can also go as high as $22.09 (+19%) at its peak.

Telegaon experts are very bullish on ETC: they expect that at the end of 2024 Ethereum Classic can go down to the lowest price of $46.05 (+149%). It can also go as high as $78.09 (+323%).

Ethereum Classic Price Prediction 2025

According to DigitalCoinPrice, in 2025 Ethereum Classic will hit $39.64 (+115%) per coin at its lowest price level. It can also go as high as $46.3 (+151%) per coin.

According to PricePrediction, the expected minimum price of ETC coin in 2025 will hit $29.92 (+62%), and it can also rise to a maximum of $35.84 (+94%).

Analysts at Telegaon expect that in 2025, ETC will rise: it can reach a maximum price of $128.98 (+599%), while at its lowest point, it can drop to a minimum of $85.85 (+365%).

Ethereum Classic Price Prediction 2026

DigitalCoinPrice experts think that in 2026, Ethereum Classic coin can hit $64.96 (+252%) per coin at its highest point. At its lowest point, it might drop to $54.24 (+194%).

PricePrediction experts state that in 2026 ETC can hit $52.34 (+183%) at its peak while at its lowest point, it can also drop to $44.21 (+139%) per coin.

According to Telegaon, in 2026 ETC coin will go as low as $129.71 (+603%), while at its highest point, it can reach $163.48 (+787%).

Ethereum Classic Price Prediction 2030

DigitalCoinPrice experts believe that in 2030 ETC might reach $137.61 (+646%) at its highest point, while even at its minimum it can drop to $124.46 (+575%).

According to PricePrediction forecast, in 2030 ETC coin can drop to $182.09 (+888%), while at its peak it can hit $229.74 (+1,146%).

Telegaon price predictions estimate that by 2030, Ethereum Classic is going to drop to $266.15 (+1,344%) at its minimum. At its peak, it can reach a maximum of $315.63 (+1,612%).

ETC Price Prediction 2040

According to PricePrediction, in 2040, Ethereum Classic will sink to $9,903 (+53,633%) at its lowest point. At its peak, it can go as high as $12,094 (+65,521%), its absolute all-time high.

Telegaon analysts expect that by 2040, ETC’s price is going to rise, although not as high: $546.89 (+2,867%) at its minimum vs $513.32 (+2,685%) at its peak.

Ethereum Classic Price Prediction: What Do Experts Say?

First of all, the strength and activity of the Ethereum Classic community, including developer engagement and ecosystem growth, are crucial for its long-term value. It’s also important to take into account historical performance of the coin: some experts analyze historical price patterns and market cycles to make predictions, often using technical analysis to identify potential support and resistance levels. Moreover, updates or enhancements to the Ethereum Classic network, such as improvements in scalability or security, can positively impact investor confidence and price.Generally, experts are positive on the future of Ethereum’s younger brother. According to websites like CryptoNews, Ethereum Classic has the potential to hit a maximum of $333 as early as 2030.

ETC USDT Price Technical Analysis     

Tradingview, November 4, 2024

Now that we’ve seen possible price predictions for Ethereum, let’s find out a bit more about the factors that can influence its price in the future.

What Does the ETC Price Depend On?

Like with any asset, the basic principles of demand and supply play a critical role in the case with Ethereum Classic. Increased demand for ETC can drive prices up, while an oversupply can lead to price declines. The performance of major cryptocurrencies, particularly Bitcoin, often influences the price of altcoins like ETC. When the overall market is bullish, ETC may benefit, and vice versa. The presence of competing platforms and projects can influence ETC’s market share and price. Innovations from other blockchains may draw attention away from Ethereum Classic.

To add to this, broader economic factors, such as inflation, interest rates, and geopolitical events, can impact investor behavior and, consequently, the price of cryptocurrencies.

When assessing Ethereum Classic as an investment, keep the following considerations in mind:

• Regulatory environment;
• Technological developments;
• Market sentiment;
• Investor sentiment;
• Market liquidity;
• Growth of the ecosystem;
• Supply and demand;
• Market trends;
• Competition.

Risks and Opportunities

As DeFi continues to expand, there may be opportunities for Ethereum Classic to carve out a space within this growing sector, especially for specific applications. Future enhancements and updates to the Ethereum Classic network could improve scalability, security, and user experience, attracting more developers and users. All the while ETC’s commitment to immutability and the principle of ‘code is law’ appeals to those who value decentralized governance and transparency, potentially attracting a niche audience.

However, like many cryptocurrencies, ETC is subject to significant price volatility, which can lead to substantial financial losses for investors. In addition, Ethereum Classic faces competition from Ethereum (ETH) and other blockchain platforms that offer similar functionalities, such as smart contracts and dApps. This competition can impact its market share and adoption. By weighing these risks and opportunities, investors can make more informed decisions regarding their engagement with Ethereum Classic.

Is Ethereum Classic a Good Investment?

Whether Ethereum Classic (ETC) is a good investment depends on various factors, including individual risk tolerance, investment goals, and market conditions. As one of the original forks of Ethereum, ETC has historical value in the crypto space, which may contribute to its longevity and relevance. It is also true that if the overall cryptocurrency market experiences growth, ETC could benefit, especially if it gains traction in specific niches like DeFi or NFTs. However, ETC is subject to significant price fluctuations, which can pose risks for investors looking for stable returns.

Does ETC Have a Future?

While Ethereum Classic faces challenges, it also has opportunities that could help shape its future. Its ongoing development, community support, and adherence to foundational principles position it to remain a part of the blockchain landscape. The extent of its success will ultimately depend on how well it navigates the evolving market and technological landscape.

Is $ETC Going Up?

At the moment, the price of $ETC is lower than it was earlier in the year. This can be explained by a variety of factors, including market sentiment, bearish trends and the overall financial landscape.

Can Ethereum Classic Reach $100?

While reaching $100 is theoretically possible under favorable conditions, it would require significant market dynamics to align positively.

How High Can an Ethereum Classic Go?

The potential price of Ethereum Classic is difficult to predict and depends on various factors, including market conditions, technological developments, and broader economic trends.

However, experts such as PricePrediction believe that it can very well skyrocket to a maximum of $16,785 by 2050.

What Is the ETC Price Prediction for 2025?

According to DigitalCoinPrice experts, in 2025 ETC will peak at $46.

What Will Ethereum Classic Be Worth in 2030?

DigitalCoinPrice believes that in 2030 ETC can go to its highest price of $137.6.

What Will ETC Classic Be Worth in 2040?

PricePrediction experts think that in 2040 Ethereum Classic will be worth a maximum of $12,094.

What Is the ETC Price in 2050?

PricePrediction analysts think that in 2050 ETC will reach a staggering price level of $16,785.

What Is the All-Time High for ETC?

Ethereum Classic (ETC) hit its all-time high of $176 on May 6th, 2021.

Conclusion

To sum up, Ethereum Classic stands as a unique and resilient player in the blockchain ecosystem, rooted in its commitment to immutability and decentralized principles. While it faces challenges such as competition from Ethereum and other platforms, as well as market volatility, its dedicated community and potential for growth in specific applications present opportunities for future development. As the landscape of decentralized finance and blockchain technology continues to evolve, ETC’s ability to adapt and innovate will be crucial in determining its long-term viability. For investors and enthusiasts alike, staying informed about technological advancements and market trends will be essential in navigating the potential risks and rewards associated with Ethereum Classic.

Where to Buy Ethereum Classic?

StealthEX is here to help you buy ETC coin if you’re looking for a way to invest in this cryptocurrency. You can buy Ethereum Classic privately and without the need to sign up for the service. StealthEX crypto collection has more than 1500 different coins and you can do wallet-to-wallet transfers instantly and problem-free.

How to Buy ETC Crypto: Quick-Step Guide

Just go to StealthEX and follow these easy steps:

• Choose the pair and the amount you want to exchange — for instance, ETH to ETC. 
• Press the “Start exchange” button.
• Provide the recipient address to transfer your crypto to.
• Process the transaction.
• Receive your crypto coins.

Follow us on Medium, X, Telegram, YouTube, and Publish0x to stay updated about the latest news on StealthEX and the rest of the crypto world.

Don’t forget to do your own research before buying any crypto. The views and opinions expressed in this article are solely those of the author.