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

July 16, 2024

Price Prediction

Sean Korbett

Ethereum Classic (ETC) is an open-source, decentralized, blockchain-based distributed cryptocurrency platform that runs smart contracts. Ethereum Classic was created in 2016 following an Ethereum hack. For a while, the cryptocurrency was not so popular, however, in 2021 it was heavily pumped and hit its all-time high. Since that year, the cryptocurrency has never fallen back to its previous all-time lows. What are we to expect of it in the future? Discover the Ethereum Classic price prediction in StealthEX’s latest article.

Ethereum Classic (ETC) Overview

Ethereum Classic is one of the most historically popular hard forks of any blockchain and remains popular to this day. Since ETC and ETH share the same base code, many of the functionality of Ethereum may be found on Ethereum Classic. In contrast to Ether, Ethereum Classic maintains its immutability and provides a perpetual Proof of Work mechanism for users to engage in.

The Ethereum Classic mainnet was originally released via Frontier on July 30, 2015 by the Ethereum Foundation, a Swiss non-profit founded by Vitalik Buterin and the core Ethereum team. A well-known dApp known as the DAO was compromised in June 2016, resulting in the theft of $50 million from users. By taking advantage of a flaw in the system, the attacker was able to withdraw more DAO tokens than the user had really deposited, wiping out more than one-third of the DAO’s main reserves. This sparked a contentious debate as to how the developers should respond and if the chain should fork. 

After a poll, 85% of the miners on the network switched to the hard fork. As a result, the Ethereum blockchain split into two separate networks. The newer network inherited the name Ethereum and the native token Ether. The older one, renamed Ethereum Classic, also uses Ether, but it has a different symbol, ETC. Ethereum and Ethereum Classic were initially based on the same code, but Ethereum Classic has since differentiated its technology.

Ethereum Classic Features

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

1. Smart contracts. These allow for automated and self-executing agreements.
2. Decentralized applications. It offers an environment for building dApps, which operate on a peer-to-peer network instead of a single computer. This decentralization ensures that dApps are resistant to censorship and have no central point of failure.
3. Replay protection. Following the split from Ethereum, it implemented replay protection measures to ensure that transactions on one chain couldn’t be ‘replayed’ or duplicated on the other chain, preserving the independence and security of both networks.  
4. Security enhancements. To address potential security concerns, given its smaller network size compared to Ethereum, it has continually implemented upgrades. These have fortified the network against double-spending, attacks and other vulnerabilities.  
5. Immutability. One of Ethereum Classic’s defining features is its unwavering commitment to Blockchain immutability. This stance became evident during the DAO event when ETC participants opted not to reverse the hack’s effects, adhering to the principle that transactions, once confirmed, should be permanent.

Ethereum Classic (ETC) Price Chart    

CoinMarketCap, July 16, 2024

ETC Coin Price History Highlights 

• 2016: Ethereum Classic traded at $0.98 when it was created and launched to the market in June. 
• 2017: ETC price increased by over 130% in March 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, 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, 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 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 reached $119.62. It has since fallen in price again, and at the moment, its price hovers between $23 and $24.

Ethereum Classic Price Prediction: 2024, 2025, 2030-2040

ETC Crypto Price Prediction 2024

DigitalCoinPrice experts are of the opinion that in 2024 Ethereum Classic token can fall below its current price, to $20.68 (-10%), while at its highest point, it can reach $50.25 (+117%).

PricePrediction crypto analysts believe that in 2024 ETC will cost $25.37 (+10%) at its low, while a t its maximum ETC might reach $29.39 (+27%).

Telegaon analysts think that the minimum lowest price ETC can hit in 2024 is $46.05 (+99%) vs its maximum price of $78.09 (+238%).

ETC Price Prediction 2025

According to DigitalCoinPrice, Ethereum Classic token will definitely cost more than it does now. In 2024, its price can go as low as $49.49 (+114%) per coin. At its maximum, the coin can rise to $57.8 (+150%).

Based on the experts’ forecasts at PricePrediction, in 2025, ETC crypto will continue rising in price: $36.42 (+57%) at its lowest point and $44.68 (+93%) at its peak.

Telegaon experts predict that in 2025 ETC might go as low as $85.85 (+272%), while at its maximum it can reach $129 (+459%).

Ethereum Classic ETC Price Prediction 2030

According to DigitalCoinPrice, by 2030 ETC will see the lowest price of $155.4 (+573%), while at its peak it might finally reach $171.8 (+644%).

PricePrediction analysts believe that by 2030, ETC coin will reach $1,000: it might rise to a maximum level of $294.8 (+1,178%), while its minimum price will drop to $242.9 (+953%).

Analysts at Telegaon think that by 2030, Ethereum Classic is going to reach $315.6 (+1,268%) at its peak and might trade at a minimum of $266.2 (+1,054%).

Ethereum Classic Price Prediction 2040

According to PricePrediction forecasts, in 2040 ETC will reach staggering price levels: its minimum price is expected to be $11,305 (+48,924%), while its maximum price is going to soar to $14,409 (+62,384%).

When it comes to long-term predictions, Telegaon experts think that ETC token can hit $513 (+2,126%) at its lowest point or it can soar to an all-time high of $547 (+2,271%).

Ethereum Classic Price Prediction: Experts’ Opinions

The future of Ethereum Classic (ETC) is a subject of debate among industry experts, with perspectives impacted by the cryptocurrency’s technical and market dynamics. ETC’s fixed monetary policy is viewed by supporters as a major benefit that positions ETC as a possible store of wealth comparable to Bitcoin. Due to this, ETC may become more precious and uncommon over time, increasing its attractiveness to investors searching for potentially appreciated assets. Moreover, the close connection to Ethereum can play a crucial role in ETC’s price if Ethereum hits a new all-time high.

Considering the solid potential of the Ethereum Classic and its position on the market, analysts at CoinMarketCap believe that by 2030, Ethereum Classic’s potential high can hit $420 at its highest.

ETC USDT Price Technical Analysis     

Tradingview, July 16, 2024

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

Factors Affecting ETC Coin Price

There are many factors that influence the price of Ethereum Classic. The demand for Ethereum Classic in the market is a primary driver of its price. Technological advancements within the Ethereum Classic network often fuel this demand. As the community behind Ethereum Classic continues to enhance the platform’s functionality and security, these improvements can significantly uplift investor sentiment and market value. 

Ethereum Classic’s price is also heavily influenced by the broader cryptocurrency market trends. Movements in major cryptocurrencies, such as Bitcoin and Ethereum, often have a ripple effect on ETC. 

Investor confidence can be significantly increased, which in turn can raise the price of ETC, by positive news, endorsements from well-known personalities in the cryptocurrency sector, or successful partnerships and projects. 

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

• Adoption and usage;
• Market sentiment;
• Protocol updates and scalability solutions;
• Partnerships;
• Supply and demand;
• Community growth;
• Economic indicators;
• Regulatory developments.

Risks and Opportunities

Since it is technologically similar to ETH, the chain is highly interoperable with the Ethereum chain and its dApps, which makes ETC a comparable alternative to ETH. However, because Ethereum is considered the more authentic of the two networks, Ethereum Classic’s future appears to be less bright than Ethereum’s, especially given Ethereum Classic’s security concerns. Ethereum Classic (ETC) may have difficulties until it can modify its code, and software to prevent future hacks. Although both Ethereum and Ethereum Classic enable smart contracts and target the same market, Ethereum has grown in popularity as the more trustworthy of the two networks. Additionally, Ethereum Classic fell significantly behind Ethereum post-fork in terms of community interest, developer activity, users, dApps, mining security, and overall project health.

Despite this, Ethereum Classic remains one of the top cryptocurrencies by market cap, and it’s still a serious player on the crypto market. It would make a good investment choice for an investor with high risk tolerance.

Is Ethereum Classic a Good Investment?

It could be. In a five-year plan perspective, it is anticipated that the cryptocurrency could potentially experience a significant surge. However, the crypto market is highly volatile, and it’s difficult to make any long-term predictions.

How Much ETC Will Go Up?

The majority of experts believe that ETC has a bright future and predict that it will definitely hit $1,000 within ten years’ time.

Will Ethereum Classic Reach $100?

It’s definitely a possibility. While past success does not guarantee future results, Ethereum Classic has already hit that mark twice and went beyond that.

What Will ETC Be Worth in 2025?

According to DigitalCoinPrice, in 2025 ETC might hit $58 at its peak.

What Will Ethereum Classic Be Worth in 2030?

Telegaon experts think that by 2030 Ethereum Classic can go as Hugh as $315 at its peak.

What Will ETC Classic Be Worth in 2040?

According to PricePrediction, in 2040 ETC might skyrocket to a whopping $14,409 at its highest point.

What Is the Price Prediction for Ethereum Classic in 2050?

PricePrediction analysts believe that in 2050 Ethereum Classic is going to go as high as $21,311 at its maximum.

Conclusion

Ethereum Classic represents adherence to the core blockchain technology tenets of immutability, transparency, and decentralization and goes beyond simple digital money. Despite obstacles like market competition and security vulnerabilities, its enthusiastic community and interoperability promise, along with the larger Ethereum ecosystem, give rise to increased hope. ETC’s future will strongly depend on its ability to adapt and evolve in a rapidly changing crypto landscape.

Where to Buy Ethereum Classic?

StealthEX is here to help you buy Ethereum Classic if you’re looking for a way to invest in this cryptocurrency. You can buy ETC 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.

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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.