Are you searching for Ethereum Classic price prediction for 2023, 2025, and 2030 and want to know where the price will go in the future? I will analyze it all here based on the technical analysis of the price prediction of Ethereum Classic in the next 5-10 years.
Ethereum Classic is a controversial coin not supported by the Ethereum Foundation but has some outstanding approval within the crypto community.
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Ethereum Classic Overview
Ethereum Classic is an open-source, decentralized, blockchain-based distributed cryptocurrency platform featuring smart contract functionality.
It was initially known as Ethereum. Ethereum was devised by Vitalik Buterine and Ethereum Foundation and launched via Frontier on 30 July 2015.
However, due to a hack of a third-party project, the Ethereum Community created a new version of the Ethereum mainnet on 20 July 2016, which erased the DAO theft from the Ethereum blockchain history.
The trademark of Ethereum Foundation was applied to the new version of the Ethereum blockchain and thus renamed Ethereum Classic
Ethereum Classic provides a decentralized Turing-complete virtual machine called Ethereum Virtual Machine (EVM). The machine can compute scripts with an International Network Public Nodes.
The virtual machine’s instruction set is Turing-complete compared to other machines, such as the bitcoin script.
Features of Ethereum Classic
- Open-Source: Ethereum Classic is publicly accessible.
- Blockchain-based: Digital information is recorded and distributed but not edited in Ethereum Classic.
- Decentralized: Ethereum Classic is decentralized because the blockchain platform lets investors build and use decentralized applications that run on blockchain technology.
- Smart Contract: ETC uses a smart contract, a code to enable exchange with no third party.
Pros of Ethereum Classic
- Accessible: Ethereum Classic is cheaper than ETH and other cryptocurrencies such as Bitcoin, thus, making it more accessible to investors.
- It supports smart contracts and Dapps.
Cons of Ethereum Classic
- Unlike Ethereum itself, Ethereum Classic is not popular, thus earning a less good reputation.
- High-risks: Ethereum Classic involves high risks. It has experienced different 51 attacks making it risky as an investment. In spite, high-risk taker/tolerant investors seal deals with them.
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Is Ethereum Classic a Good Investment?
Based on different forecasts by various analysts and experts on Ethereum Classic, it is not guaranteed to be a wholly good investment since the analysis is based on current data. Thus, only those with high-risk tolerance could invest in it.
Despite the abovementioned facts, it is still a good investment for blockchain enthusiasts and investors who want to diversify their cryptocurrency market investment portfolios, specifically during economic turmoil.
Ethereum Classic Price Prediction
Ethereum Classic price prediction is the price forecast or estimation of Ethereum Classic. For instance, it was estimated to reach around $25 by the beginning of December 2023.
Below are the price predictions of Ethereum Classic each year based on the technical analysis by cryptocurrency experts.
Ethereum Classic Price Prediction 2023
After the analysis of the price of Ethereum Classic in preceding years, it was presumed that the maximum anticipated ETC price might be around $41.63 while the minimum price will be $35.09. The average trading cost will be $36.31 in 2023.
Ethereum Classic Price Prediction 2024
Regarding the technical analysis by the cryptocurrency experts on the price of Ethereum Classic 2024, it is expected to have a minimum price of $49.92 and a maximum cost of $60.77, with the average trading cost at %51.74.
Ethereum Classic Price Prediction 2025
Ethereum Classic price and fluctuation were studied by experts in the field of cryptocurrency and predicted the cost might drop to $71.14 and $85.52 for minimum and maximum costs, respectively. On average, it is assumed to be around $73.73.
Ethereum Classic Price Prediction 2026
In 2026, the price of ETC is expected to be $123.70 maximum cost and $106.27 minimum cost. On average, it will be traded at $101.22.
Ethereum Classic Price Prediction 2027
Repeated analysis of the ETC fluctuation by experts predicts that the average ETC price will be around $158.69. It is expected to drop to the minimum price of $154.32 and can reach the maximum cost of $183.92 in 2027.
Ethereum Classic Price Prediction 2028
The price prediction of Ethereum Classic in 2028 is expected to reach the maximum cost of $265.86 and a minimum cost of $219.77, with the average trading cost being around $226.12.
Ethereum Classic Price Prediction 2029
In 2029, the price prediction of Ethereum Classic, according to experts’ analysis, is estimated to reach the maximum cost of $388.75 and the minimum cost of $310.07. The average trading cost will be $ 319.12.
Ethereum Classic Price Prediction 2030
After years of research on the Ethereum Classic price, crypto analysts and experts are ready to provide the ETC cost forecast for 2030. It will be traded at the minimum price of $460.01 with a maximum possible cost of $529.28. The average trading cost is expected to be around $472.78.
According to the price predictions, there is a high possibility that Ethereum Classic will go higher in the future and making it more of a good investment for blockchain and cryptocurrency.
FAQS
Can Ethereum Classic reach $5,000?
According to the current forecasts, Ethereum Classic will hit $5,000 by 2030.
Is Ethereum Classic Profitable?
Based on the mining hardware hash rate of 400.00MH/s, maintenance fees, and electricity costs, Ethereum Classic is profitable.
Is Ethereum Classic still used?
It is still used by active developers, miners, and a diehard group of supporters worldwide.
What is better, Ethereum or Ethereum Classic?
Ethereum Classic is better.
According to CoinMarketCap, Ethereum Classic has been up over 60%-150% for the past month, making it the best performing project in the top 50 cryptos by market cap this month. Thus, it is better than Ethereum (ETH) and Bitcoin (BTC).
However, Ethereum is also considered better than ETC in the blockchain for buying and selling NFT projects and long-term investment due to its high developer building on its network.
What will Ethereum Classic be used for?
Ethereum Classic will be used for recording transactions of value. Also, it will be used as a distributed computer to run self-executing smart contracts.
Is there a Maximum Supply of Ethereum Classic?
Yes, there is a maximum supply of Ethereum Classic, which is 210,700,000 ETC.
Does Ethereum Classic reach 100?
No, Ethereum Classic has not reached 100 but is forecasted to reach 100 in 2026.
Is Ethereum Classic Worth Investing in?
Yes, it is. Ethereum Classic is worth investing in regarding blockchain and cryptocurrency investment.
Conclusion
Ethereum Classic is a hard fork of Ethereum.
Although not supported by the Ethereum Foundation, it has significant approval in the crypto community. It is worth investing in, particularly by investors with a high-risk tolerance.
Watch the video below for a further portrayal:
About Author
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