Similar to Bitcoin having reward halving, Ethereum classic reduces its block reward by 20 percent for every 5,000,000 blocks. At every halving event, updating the Ethereum Classic prediction is necessary. Over time, differences arose as the Ethereum classic network community wanted to keep the blockchain running on a Proof-of-Stake consensus algorithm and secure blockchain immutability. The Ethereum community wanted to develop it into a much advanced, proof-of-stake-based digital currency. However, the Merge will transfer the entire transaction history; those digital assets will be accessible in the same way as before. Ethereum Classic isn’t planning to follow Ethereum’s switch to a different mining model.

This criterion is shared by other cryptocurrencies like Bitcoin and other Proof of Work cryptocurrencies in the market. Ethereum Classic was created as a hard fork of Ethereum in 2016 as the result of a hack on the Ethereum network in which DAO security was breached and 50 million dollars were stolen. To prevent potential future security breaches, the Ethereum network performed a hard fork which resulted in a split and a new cryptocurrency, Ethereum Classic. Ethereum Classic operates on the old blockchain and Ethereum on a LTC new one that was created with the hard fork.

Crypto Indication:

The monthly RSI for Ethereum Classic shows that the altcoin is still in overbought territory, indicating a potential for further downside. The pair has been trading sideways since late February, and a break below $20.35 could open the way for a deeper sell-off toward $17.50 or lower. The 4-hour chart shows that ETC/USD is trading in a descending triangle pattern, signaling further downside potential for the pair.

In the middle of the year 2023, the ETC price will be traded at $23.51 on average. June 2023 might also witness an increase in the Ethereum Classic value to $25.73. It is assumed that the price will not drop lower than $22.68 in June 2023.

June 2023: Ethereum Classic Price Forecast

The current CoinMarketCap ranking is #23, with a live market cap of $3,204,419,557. As per the ETC forecast 2028, Ethereum Classic might trade around $60 during 2028. By the end of the year, the price of Ethereum Classic is estimated to reach a minimum price level of $56.8. And on the upside, the ETC coin might reach the maximum price level of $67.

World https://www.beaxy.com/ prices are based on rates obtained via Open Exchange Rates. Ethereum Classic’s price history can be analyzed with the same techniques used in the stock market. Ethereum Classic ETC price forecast for 2030 is ETC could potentially attain a minimum price of $407.44 and an average trading price of $418.75, with a maximum price of $485.67 by the end of 2030. The Ethereum Classic ETC price prediction for 2027 suggests ETC’s price could potentially attain a minimum price of $188.14 and an average forecast price of $194.52, with a maximum trading price of $216.03. Ethereum Classic saw a 150% rise in its trading volume over the last 7-days. A movement that was in sync with the increasing current circulating supply of the coin, which flew upwards by 2.56%, thereby resulting in the circulating supply crossing the 134.7 million mark.

Its minimum and maximum prices can be expected at $20.06 and at $22.57, respectively. Our exchange allows you to buy and sell Ether with traditional fiat currencies such as USD or Euro. We act as a broker in transactions, to help ensure they are handled as quickly and securely as possible. Convert your Ether into Altcoins, or withdraw directly into your bank account. When the split first happened, everyone who held ether at the time received the exact same amount of ethereum classic in their wallets for free.

• © 2023 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions.
• Therefore, let us have a look at the Ethereum Classic price prediction.
• Based on price forecasts, it appears that Ethereum Classic has a huge potential in the long term because of the huge and active community of investors.
• Overall, Ethereum Classic appears to form a short-term downward trend, but some bullish signals suggest the pair might be setting up for a rally toward higher levels.
• Ethereum Classic current market status is being compared to gold.

We do not make any representations or warranty on the accuracy or completeness of the information that is provided on this page. If you rely on the information on this page then you do so entirely on your own risk. The year 2020 was a game-changer, not just for Ethereum Classic but for most of the cryptocurrencies, including the fiat currencies.

Ethereum Classic Price Prediction by Wallet Investor

As the crypto market as a whole started to experience levels of enormous inflation, Ethereum Classic prediction certainly wasn’t going to be left behind. Between October and December 2017, its price leaped up from $10 to above $40, but after one year, in December 2018, ETC price was trading around the $5 price mark. A broad sell-off in cryptocurrencies saw the price drop to $4.51 in March 2020.

Proving its merit against competitors, Ethereum Classic prediction has withstood the test of time and is worth investors’ hard-earned money. Based on ETC price prediction 2029, Ethereum Classic might hover around $70 during 2029. The price of Ethereum Classic might reach a minimum price level of $67. And on the positive side, the ETC price might reach the maximum level of $75. The ETC/USD predictions since then have started hovering towards optimism than pessimism.

April 2023: Ethereum Classic Price Forecast

Events like news, partnerships, new listings on exchanges, adoption by companies or users, upgrades and updates, and dev team activity can affect the price of ETC and other cryptos. The lack of these developments can also affect the price, usually pushing it downwards as sentiment around the project becomes negative. The demand for Ethereum Classic is closely related to the number of listings that ETC has on various exchanges, and is expressed through trading volumes. The balance between buying and selling activity will eventually form the price and define a market cycle as bearish or bullish. 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.

Technological development has enabled Ethereum Classic forecast to be available on various devices that have only further augmented its user base. Investors have the satisfaction of accessing their ETC tokens from anywhere at any time. This ultimately makes the entire system more reliable and efficient. The round the clock support offered by the back-end team makes the Ethereum Classic prediction platform all the more dependable.

• 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.
• Therefore, they don’t come under the purview of any restrictive policies or provisions.
• You can still benefit if the market moves in your favour, or make a loss if it moves against you.
• CoinDesk is an independently managed media company, wholly owned by the Digital Currency Group, which invests in cryptocurrencies and blockchain startups.

Ethereum Classic price needs to rise 659.50% to reach a new all-time high. Please also note that data relating to the above-mentioned cryptocurrency presented here are based on third party sources. They are presented to you on an “as is” basis and for informational purposes only, without representation or warranty of any kind.

Like Ethereum , Ethereum Classic is a cryptocurrency that was specifically developed to conduct transactions that occur on the Ethereum Classic blockchain network. The ETC coins are used to buy GAS that is used for conducting transactions and other state transitions that occur on the network. Other than that, the cryptocurrency is also traded on crypto-exchange markets in exchange for either fiat currency or other cryptocurrencies like Bitcoin and Litecoin. Since the production of ETC coins is capped at 210,700,000 ETC, the cryptocurrency is considered as an inflationary currency.

According to our Ethereum Classic price prediction 2030, the minimum price of ETC might achieve a significant height of $90 with an average price of Ethereum of $75. The maximum price of Ethereum Classic will be around $100 which is much more than the current price level. Ultimately, proving itself worthy of this good investment, ETC price has ever since then only grown beyond expectations with its price curve steadily rising upwards. However, digging deeper into ETC price history of Ethereum Classic cryptocurrency prices does not reflect many promises.

Today, we can see that the Ethereum Classic price rise has slowed down, and the coin even fell behind the original Ethereum, which the Ethereum Foundation runs. Ethereum trades with a much larger market capitalization and has gained much larger popularity. However, Ethereum Classic is still trendy and can be purchased on practically every cryptocurrency exchange.

The percent change in ethereum classic buy or sell volume for this asset compared to 24 hours ago. The percent change in trading volume for this asset compared to 1 hour ago. Binance has the lowest transaction fee rate amongst all major trading platforms. The material provided on this website is for information purposes only and should not be understood as an investment advice. Any opinion that may be provided on this page does not constitute a recommendation by Capital Com or its agents.