What Is Ethereum Classic (ETC)?
Ethereum Classic (ETC) is a hard fork of Ethereum (ETH) that launched in July 2016. Its main function is as a smart contract network, with the ability to host and support decentralized applications (DApps). Its native token is ETC.
Since its launch, Ethereum Classic has sought to differentiate itself from Ethereum, with the two networks’ technical roadmap diverging further and further from each other with time.
Ethereum Classic first set out to preserve the integrity of the existing Ethereum blockchain after a major hacking event led to the theft of 3.6 million ETH.
Who Are the Founders of Ethereum Classic?
Ethereum Classic is in fact the legacy chain of Ethereum, and its true creators are therefore the original Ethereum developers – Vitalik Buterin and Gavin Wood.
A contentious hard fork on Ethereum occurred in July 2016, when participants disagreed over whether to revert the blockchain to cancel out the effects of a major hack. This impacted The DAO, a decentralized autonomous organization (DAO) which had raised approximately $150 million in an initial coin offering (ICO) several months earlier.
Ethereum Classic came into being as the network which did not revert the chain. Developers state that there is no “official” team attached to the project, and that its “global development community is a permissionless ‘do-ocracy,’ where anyone can participate.”
Ethereum Classic Price Prediction
If you’re looking for Ethereum Classic price predictions for 2022, 2023, 2024, 2025, 2030 and want to know where the prices of Ethereum Classic (ETC) will go in the future? We will analyze the past prices of Ethereum Classic (ETC) and will found out what experts are saying about its future price actions.
Please keep that in mind you need to take this prediction and every other prediction with the intention that this is only the suggestion of some market expert/analysts.
Not to mention predicting something so perfect is completely impossible. But we will try our best. Let’s start.
|Year||Minimum Price||Average Price||Maximum Price|
|2021||$ 33.17||$ 36.28||$ 37.32|
|2022||$ 53.35||$ 54.80||$ 61.27|
|2023||$ 75.14||$ 77.33||$ 91.38|
|2024||$ 103.94||$ 107.03||$ 130.40|
|2025||$ 154.74||$ 160.09||$ 178.43|
|2026||$ 222.35||$ 230.36||$ 270.06|
|2027||$ 322.29||$ 331.50||$ 389.75|
|2028||$ 459.11||$ 472.37||$ 551.83|
|2029||$ 667.48||$ 686.38||$ 787.09|
|2030||$ 934.33||$ 968.65||$ 1,152.61|
Ethereum Classic Overview
|Coin Name||Ethereum Classic|
|USD Price||$ 34.52|
|24h Volume||$ 327,910,565|
Ethereum Classic (ETC) Price Prediction
At reconshell.com we predict future Ethereum Classic price predictions/ETC forecast by applying deep artificial intelligence-assisted technical Analysis on the past price data of Ethereum Classic. We do our best to collect maximum historical data for the ETC coin which include multiple parameters like past price, Ethereum Classic marketcap, Ethereum Classic volume and few more. If you are looking to invest in digital cryptocurrencies and want good return on your investments, make sure to read our predictions.
Ethereum Classic Price Prediction 2021
According to our deep technical analysis on past price data of ETC, In 2021 the price of Ethereum Classic is predicted to reach at a minimum level of $33.17. The ETC price can reach a maximum level of $37.32 with the average trading price of $36.28.
Ethereum Classic Price Prediction 2022
The price of Ethereum Classic is predicted to reach at a minimum level of $53.35 in 2022. The Ethereum Classic price can reach a maximum level of $61.27 with the average price of $54.80 throughout 2022.
ETC Price Forecast for 2023-2024
As per the forecast price and technical analysis, In 2023 the price of Ethereum Classic is predicted to reach at a minimum level of $75.14. The ETC price can reach a maximum level of $91.38 with the average trading price of $77.33.
The price of 1 Ethereum Classic is expected to reach at a minimum level of $103.94 in 2024. The ETC price can reach a maximum level of $130.40 with the average price of $107.03 throughout 2024.
Ethereum Classic Price Prediction 2025
Ethereum Classic price is forecast to reach a lowest possible level of $154.74 in 2025. As per our findings, the ETC price could reach a maximum possible level of $178.43 with the average forecast price of $160.09.
Ethereum Classic Price Prediction 2026
According to our deep technical analysis on past price data of ETC, In 2026 the price of Ethereum Classic is forecasted to be at around a minimum value of $222.35. The Ethereum Classic price value can reach a maximum of $270.06 with the average trading value of $230.36 in USD.
Ethereum Classic (ETC) Price Prediction 2027
The price of Ethereum Classic is predicted to reach at a minimum value of $322.29 in 2027. The Ethereum Classic price could reach a maximum value of $389.75 with the average trading price of $331.50 throughout 2027.
Ethereum Classic Price Prediction/Forecast 2028
As per the forecast and technical analysis, In 2028 the price of Ethereum Classic is expected to reach at a minimum price value of $459.11. The ETC price can reach a maximum price value of $551.83 with the average value of $472.37.
Ethereum Classic (ETC) Price Prediction 2029
The price of Ethereum Classic is predicted to reach at a minimum value of $667.48 in 2029. The Ethereum Classic price could reach a maximum value of $787.09 with the average trading price of $686.38 throughout 2029.
Ethereum Classic Price Prediction 2030
Ethereum Classic price is forecast to reach a lowest possible level of $934.33 in 2030. As per our findings, the ETC price could reach a maximum possible level of $1,152.61 with the average forecast price of $968.65.
What Makes Ethereum Classic Unique?
Ethereum Classic’s main aim is to preserve the Ethereum blockchain as it originally was, without artificially countering the DAO hack.
Its appeal was first to those who disagreed with Ethereum’s response, but the legacy network has since gained a wider fan base, which include major investors such as Barry Silbert, CEO of investment firm Grayscale.
As a voluntary organization, the developers of ETC do not aim to turn the network into a for-profit entity. Users pay transaction fees as with Ethereum, and miners collect them based on work done as per the proof-of-work (PoW) mining algorithm.
Unlike Ethereum, Ethereum Classic has no plans to convert to a proof-of-stake (PoS) mining algorithm, while multiple developers continue to work on future improvements such as scaling solutions.
How Many Ethereum Classic (ETC) Coins Are There In Circulation?
ETC began in a very similar technical state to ETH, with the exception of how the DAO hack transactions were handled.
Since launch, however, changes in tokenomics have occurred, with participants voting to cap the supply of ETC in December 2017. The maximum supply is thus 210,700,000 ETC, roughly ten times that of Bitcoin (BTC), while ETH has no cap.
ETC uses a PoW mining algorithm, which functions like Bitcoin – miners are rewarded with new coins for validating the blockchain in competition with each other. The ETC block reward decreases with time, with the next drop due at block 15,000,000, roughly in April 2022 – from 3.2 ETC to 2.56 ETC per block.
How Is the Ethereum Classic Network Secured?
The Ethereum Classic network is secured using proof-of-work, but as a minority chain, it has suffered regular attacks itself.
These include several 51% attacks to gain control of mining hashrate and execute spurious transactions and double spend coins, the most recent of which occurred in August 2020.
Where Can You Buy Ethereum Classic (ETC)?
ETC is a major market cap cryptocurrency and is freely tradable on a large number of major exchanges.
Pairs are available against stablecoins, other cryptocurrencies and fiat currencies, while derivatives and institutional investment vehicles also exist. Exchanges that let you buy Ethereum Classic include Binance, OKEx and Huobi Global.