Ethereum Classic Price Chart Today Live ETC USD

smart contract

The team behind the ETC is highly diversified as the how much is ethereum classic worth is handled by many segments like the development quarter, and funds. To simplify the latest ETC price prediction, we have divided up the prediction by short term Ethereum Classic price prediction and long term Ethereum Classic price prediction. As of writing this article, ETC had a trading volume of $116,288,209.

Instead, it focuses on maintaining the original properties of Ethereum’s blockchain, which its global community believes is more true to the spirit of Satoshi Nakamoto’s vision for Bitcoin. The network is a continuation of the original Ethereum blockchain – the classic version preserving untampered history; free from external interference and subjective tampering with transactions. Its team believes in immutability and censorship resistance, and that’s why they’ve continued to support the original Ethereum blockchain LTC despite the disastrous DAO hack in 2016.

Ethereum Classic(etc) ATH – All Time High Price

It was created in 2016, due to a difference in ideological and technical opinion within the Ethereum community, which came as a result of the infamous DAO attack. The original Ethereum blockchain was split into two with Ethereum Classic being the original and Ethereum being the newer blockchain. If the price fall first major support level is sitting at $16.46. Extended sell-off sub $16.46 throughout the day can bring the second major support at $13.00 into play.

This ultimately makes the entire system more reliable and efficient. The round the clock support offered by the back-end team makes the how much is ethereum classic worth Classic prediction platform all the more dependable. Investors are assured of their security, and any malware is trapped immediately.

Ethereum Classic Quarterly Returns (USD)

Remaining on the blockchain would have meant that investors weather the economic effect of the DAO, but the bailout was commenced and investors made whole, by moving to the new blockchain. Around 2 million ETH were staked when prices were in the range of $400 to $600. These stakers are some of the strongest Ethereum believers, according to Binance Research. Earn up to $1,000 when you fund a new account, and earn up to $100 in Bitcoinwith your first qualifying crypto trade . Find all the information you need with Alexandria, CoinMarketCap’s dedicated education resource. Unlike Ethereum, Ethereum Classic has no plans to convert to a proof-of-stake mining algorithm, while multiple developers continue to work on future improvements such as scaling solutions.

  • ETC stays close to the head of the family, Ethereum, and hence has a bright future to grow exponentially.
  • Sentiment can also affect the price of ETC and other cryptocurrencies.
  • Depending on how the emission schedule of ETC tokens are designed, it might take multiple years before FDV is realized.
  • Another main concern of Ethereum Classic lies with its drawbacks in terms of scalability.
  • This part of the Ethereum community supported the side of the hard fork that is known today as Ethereum Classic, with ETC as its native asset.

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. With rising inflation in the global economy, cryptocurrencies continue to gain traction as they are considered a hedge against a financial slump. Ethereum Classic’s price for 2034 according to our analysis should range between $199.37 to $299.06 and the average price of ETC should be around $249.22. Ethereum Classic’s price for 2033 according to our analysis should range between $158.23 to $237.35 and the average price of ETC should be around $197.79. Ethereum Classic’s price for 2032 according to our analysis should range between $125.58 to $188.37 and the average price of ETC should be around $156.98. Ethereum Classic’s price for 2031 according to our analysis should range between $99.67 to $149.50 and the average price of ETC should be around $124.59.

Except for the large war chest of funds, the partnerships seem to be quite less in number. Surprisingly, in the Covid-19 phase, when all other currencies demonstrated a dismal performance, the Ethereum Classic prediction has exhibited a drastic price change. Hence, the currency gained investor confidence and saw a great surge in momentum. Since last April, the Ethereum Classic price prediction has been trading with bullish momentum. Going by the pandemic phase, this can be counted as a phenomenal victory. Honestly speaking, Ethereum has magnanimously reinstated itself with the introduction of ETC.

However, while the record of security incidents may attract speculators who seek to capitalize on volatility, it also has the effect of scaring away new developers. As a speculative investment, Ethereum Classic is highly volatile. Its connection to Ethereum, the second biggest crypto after Bitcoin, gives it a serious presence in the marketplace. The various security incidents connected to its legacy software have caused rapid price movements and opportunities for market arbitrage between exchanges. For the most part, Ethereum Classic is used as a speculative investment. It has its uses in the decentralized space, but it has also been at the center of security scandals and major hacks.

Ethereum Classic Price Prediction 2029

The entire data is cryptographically secured via blockchain while allowing creators to take entire profits. Both versions of the blockchain are built around the idea of smart contracts. Many cryptocurrency tokens and decentralized applications are based on the Ethereum blockchain network. ETC Blockchain algorithm being the center stage of this cryptocurrency, the entire phenomenon and fundamental focus of this Ethereum Classic cryptocurrency is programmability. As explained above, Ethereum Classic forecast enables developers to formulate and work on smart contracts automatically implementing assignments under specific conditions. Some factors govern the movement of ETC price with volatility, being the most influential one.

Working hard to change the world map of technology, the entire ecosystem of Ethereum Classic ensures that participants benefit from blockchain-enabled functional advantages. Thus, to stay competitive, most crypto projects continually improve features and technologies to beat competitive edges. Many crypto projects pursue improvements to their technologies to stay competitive. 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.

June 2023: Ethereum Classic Price Forecast

It’s also possible to trade them against other crypto coins on popular exchanges. The ETC price remained mostly below $10 for a little over two years, and showed some signs of revival only around February 2021, amid a market-wide bull run. It went on to record its all-time high of nearly $180 on May 6, 2021. A corrective phase followed and ETC coin was trading in the vicinity of $50 within a month. It stayed within the range of $40 to $70 for the remainder of the year, closing 2021 at a market value of $35. The widely-recognized Ethereum blockchain launched by Vitalik Buterin and Gavin Wood in July 2015, raised $150 million through an Initial Coin Offering conducted by ‘The DAO’, in April 2016.

What will happen to Ethereum Classic after the merge?

Following The Merge, Ethereum is switching to a consensus method called proof-of-stake. Instead of competing with powerful computers and essentially chips, node operators stake their cryptocurrencies to win the chance to validate transactions.

For some coins with little to no data points and inexistent historical data the model by default will show a positive price prediction. There is no way for our AI bot to decipher whitepaper, tokenomics and team integrity. The coin’s price that you are about to see below can fall drastically depending on many factors, so please invest wisely after checking the team and project’s whitepaper. This current price prediction is done by a machine crunching numbers and the model is still in the early beta stages. Although the best engineers are currently tweaking and updating the algorithm, no human has verified the price predicted below, so please use your discretion and make a decision wisely.

asset have to do thorough due diligence on the product before investing the amount. The spot price of Gold per Troy Ounce and the date and time of the price is shown below the calculator. Only time will tell whether Ethereum Classic will be able to survive and thrive in the long term.

Ethereum Classic Price Prediction: Is ETC Price Looking To … – The Coin Republic

Ethereum Classic Price Prediction: Is ETC Price Looking To ….

Posted: Sun, 26 Feb 2023 20:00:00 GMT [source]

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