ETC Price Prediction 2021, 2025, 2030: Will ETC ever go up?
Ethereum Classic (ETC), also known as Ethereum’s (ETH) twin, is a result of the hard fork of the network due to the DAO Attack. It was launched in July 2016. Check our article on the DAO attack to know more.
We have done a price prediction of ETC for August 2021 and beyond. Learn what would be a good price for ETC in future. But before we go there and check out the Ethereum Classic price prediction for 2021 and beyond, let’s first learn more about Ethereum Classic.
Only when you know about the project, you will be able to decide whether to buy, hold or sell ETC.
What is Ethereum Classic?
EThereum Classic utilizes the same technology for smart contracts as Ethereum. Ethereum is a market leader that is just behind Bitcoin at #2 and Ethereum Classic is ranked at #18, according to coinmarketcap.com in terms of market capitalization.
The original Ethereum blockchain network code is represented by the current Ethereum Classic on the blockchain. Ethereum Classic receives support from three entities for its development: ETC Labs, ETC Cooperative (ECC), and IOHK (Grothendieck).
Blockchain developers can create, develop and execute decentralized applications (dApps) and smart contracts on ETC’s platform. Ethereum Classic provides a platform for recording and exchange of digital assets over a blockchain ledger that is decentralized.
Smart contracts on Ethereum Classic are employed to provide the benefit of a governance system which is decentralized.
Ethereum Classic ensures that its governance system has no censorship, manipulation, monitoring, or external interference. Ethereum Classic is the unaltered version of the original Ethereum blockchain network that follows the motto of “Code is law“.
ETC: The Native Token of Ethereum Classic
The native token of the Ethereum Classic network is known as ETC. ETC tokens have a maximum as well as total supply of 210,700,000 ETC tokens. At the time of writing this article, the current circulating supply was 128,828,036.40 ETC, 61% of the total supply. The market capitalization of ETC tokens are at $6,326,709,058 USD and 1 ETC token is equivalent to $49.15 USD and 0.0212 ETH at the time of writing this article.
ETC Uses Proof of Work Mechanism
ETC is mined using the Proof of Work consensus or mechanism, similar to Bitcoin where miners are rewarded with new ETC coins for validating new blocks on the blockchain. The ETC block reward decreases as time passes, and the next drop due at block 15,000,000, roughly in April 2022 — from 3.2 ETC to 2.56 ETC per block.
Now that you know about ETC, let us know where you can purchase ETC from?
How to buy ETC tokens: Top Crypto Exchanges for Ethereum Classic?
Some of the popular platforms to purchase Ethereum Classic (ETC) from are:
|Buy ETC on WazirX|
|Buy ETC on CoinDCX|
|Buy ETC on BitBNS|
|Buy ETC on Giottus|
|Buy ETC with
|Buy ETC on Binance|
|Buy ETC on Kucoin|
|Buy ETC on Uniswap|
Features of Ethereum Classic (ETC)
Ethereum Classic Labs (ETC Labs) is core team for Ethereum Classic’s development. It also provides industry connections, commercialized opportunities as well as funding for the Ethereum Classic project.
It also offers the necessary tools for the development of dApps, mining and other blockchain related services. It focuses on backward compatibility, decentralization, and state immutability.
The ECC was launched to serve as financial support and other funding for the development of the blockchain network. It offers marketing, development, and community for ETC.
IOHK (Grothendieck) comprises of developers required for the growth and development of the blockchain, it focuses on the node client Mantis which connects to the IOHK Daedalus Wallet user interface for users to manage their ETC tokens easily and efficiently.
Some of the companies that add to the Ethereum Classic ecosystem are:
- POA Network
- Second State
- Byzantine Fault
- Godel Labs
- Storj Labs
ETC Price History & Changes
ETC in 2016
The ETC token came into existence on July 2016. Right after it was launched, it faced an all time-low at only $0.452446 USD but it regained its value quickly at $3.53 within 7 days. It fell lower than $1 USD during October 2016.
ETC in 2017
It later ranged between $0.80 and $2 USD and shot up to $2o USD during the summer of 2017 and reached its all-time high of $47.77 USD on December 21, 2017.
ETC in 2018
The value started dropping as it struggled at maintain its price at $40 USD and ranged between $15 and $20 USD during the remaining part of 2018.
ETC in 2019
It fell below $5 during early 2019. It recovered slowly by June and touched $10 but slipped to $6.30 USD during the later half of the year 2019.
ETC in 2020
Ever since then the price has been between $4 to $7 USD.
ETC in 2021
The price surged upwards slowly and set a new all-time high of $176.16 USD by May 6, 2021. But after two weeks, it fell back to around $69.73 USD, which is 60% below its all time high, but 1,500% above its starting price which was $4.25 USD at the beginning of the year 2021. It has slowly been falling and is currently at $49 USD.
ETC USD Chart: August 2021 Price Analysis
ETC USD on weekly chart looks like is next 1-2 weeks is going to be fun for the ones holding ETC.
ETC BTC Chart: August 2021 Price Analysis
ETC BTC chart is set for reverse and is all set for quick 10-15 percent gain.
ETC USD Technical Analysis: Buy, Sell or HOLD?
Check this technical analysis for ETC USD hourly, daily, weekly and monthly. Based on the time horizon you have in mind, you should be able to take a call on whether to buy, sell or hold ETC today.
ETC Price Prediction 2021 (August, September, October, November, December)
- Max price prediction for Ethereum Classic in 2021: 210 USD
- Lowest price prediction for Ethereum Classic in 2021: 40 USD
Ethereum Classic Price Prediction 2021, 2025, 2030
- Maximum predicted price for Ethereum Classic in 2022: 255 USD.
- Minimum predicted price for Ethereum Classic in 2022: 150 USD
- Maximum predicted price for Ethereum Classic in 2023: 125 USD.
- Minimum predicted price for Ethereum Classic in 2023: 40 USD
ETC Price Prediction: FAQS
How much is ETC expected to be priced by 2030?
As per the tool we used, ETC must be priced at somewhere in between 1150 to 1530 USD by 2030.
How much will ETC be by 2025?
ETC is expected to range between 250 to 510 USD by 2025.
Will ETC ever touch 1000 USD?
ETC could definitely touch 1000 USD someday, provided they continue to build and grow ETC. I am expecting ETC to cross 1000 USD before 2030.
How is Price Prediction for Ethereum Classic Done?
Cryptocurrency is very volatile. The price prediction for ETC is based on an AI smart tool. Please do not consider this as the final price. Please DYOR before investing in ETC.
Final Call: Should You buy ETC in 2021?
Yes, it is not as popular or fast growing as Ethereum (ETH) and the price or flow of Ethereum Classic is unpredictable. But it is growing and might gain momentum sooner or later.
Ethereum Classic is guided by IOHK, and Cardano’s founder has made a considerable amount of investment on ETC. Also Greyscale also holds more than 5 percent of the total supply of ETC.
Looks like the best days for ETC is yet to come.
However, choosing ETC as an investment is up to the user’s preferences. Personally, I will have some of my holdings in ETC and wait for it to see how it performs in 2021 and years to come.
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Now that you have read the article on ETC Price Prediction for 2021, do share your views on what you think what will be the price for Ethereum Classic by 2021.