Ethereum Classic grows 29.94% in a year and reaches $19.11, should you invest now for quick gains or shoot long-term? Find out in this blog as we conduct fundamental analysis, discuss market trends and reveal Ethereum Classic (ETC) price prediction for 2023, 2025, 2030, 2040, and 2050.
Ethereum Classic was built as a hard fork for Ethereum by the creators Vitalik Buterin and Gavin Wood in July 2016. ETC differentiates itself from ETH by a proof-of-work (PoW) smart contract network which can host decentralized apps (dApps). Below are the fundamentals of Ethereum Classic in present market:
Price | $19.11 (-2.34%) |
Volume (24-h) | $119,276,461 (-50.49%) |
Market Cap | $2,712,476,481 (-0.66%) |
Circulating Supply | 141,978,804 ETC (67.38%) |
Total Supply | 210,700,000 ETC |
Rank | #29 |
All-time-high | $133.68 |
Contract Address | 0x3d6545b08693dae087e957cb1180ee38b9e3c25e |
Is Ethereum Classic a Good Investment?
Being backed by one of the largest crypto-chains, Ethereum Classic might be a good investment but short-term analysis is not so bright. In our predictions below, projections before 2030 are highly unstable so always invest after research and risk appetite analysis. Volatile (finance) investments such as cryptocurrencies are influenced by various factors and can make sudden turns.
We suggest you conduct self-research on Ethereum Classic or seek financial analyst advice. Ethereum Classic Knowledge is the core platform where many investors gather information on $ETC and Ethereum itself.
Ethereum Classic Price History
Ethereum Classic was launched for an Initial Coin Offering (ICO) of $0.932 and started uptrending from January 2017 and finally peaking in May 7, 2021. Below is a brief table of quarterly prices of ETC to present day.
Date | Min Price | Max Price |
Dec 2017 | $23.76 | $47.77 |
Apr 2018 | $13.04 | $22.95 |
Aug 2018 | $10.33 | $20.58 |
Dec 2018 | $3.32 | $5.73 |
Apr 2019 | $4.80 | $7.92 |
Aug 2019 | $5.37 | $7.64 |
Dec 2019 | $3.43 | $4.79 |
Apr 2020 | $4.83 | $7.00 |
Aug 2020 | $6.28 | $8.23 |
Dec 2020 | $4.84 | $6.97 |
Apr 2021 | $13.57 | $49.67 |
Aug 2021 | $48.54 | $76.94 |
Dec 2021 | $21.74 | $35.83 |
Apr 2022 | $25.44 | $48.50 |
Aug 2022 | $0.55 | $45.51 |
Dec 2022 | $14.89 | $20.29 |
Apr 2023 | $18.69 | $23.09 |
Ethereum Classic Price Prediction 2023 to 2050
Ethereum Classic price predictions are made using a combination of technical analysis and market sentiment. Since cryptocurrencies are volatile (finance), please do not consider our predictions and analysis as financial advice. Below is a brief table of price predictions of Ethereum Classic ($ETC) from 2023 to 2050.
Year | Min Price | Avg Price | Max Price |
2023 | $14.260 | $18.719 | $23.674 |
2024 | $19.468 | $27.038 | $35.907 |
2025 | $21.893 | $32.949 | $44.465 |
2030 | $42.306 | $56.826 | $61.067 |
2040 | $75.194 | $83.791 | $87.977 |
2050 | $86.562 | $109.180 | $134.694 |
Ethereum Classic Price Prediction 2023
Price predictions of Ethereum Classic in 2023 forecasts a high of $23.674 with a low of $14.260. Ethereum has already announced that there is no dedicated team for $ETC development, thus the coin grows alongside Ethereum ($ETH). It is suggested that investors keep a close eye on the performance of Ethereum before investing in Ethereum Classic.
There is also a probability of witnessing a bull run at the end of the year which will spike prices much higher. Even so, as long as SEC crackdowns aren’t slowing down, we can not see any hints. The average price of Ethereum Classic in 2023 is predicted around $18.719.
Ethereum Classic Price Prediction 2024
Forecast of Ethereum Classic in 2024 reveal prices between $35.907 (high) and $19.468 (low). Ethereum mining is still a large industry and unlike most cryptocurrencies, the procedure is being improved consistently. Read more about Ethereum Mining Difficulty to make your own fundamental analysis of $ETC.
If our projected bull run skips this year, 2024 will be having a much higher chance where numbers can reach almost double our forecasting. Even so, average numbers of Ethereum Classic are predicted at $27.038.
Ethereum Classic Price Prediction 2025
Predictions for 2025 forecasts a maximum price of Ethereum Classic to be around $44.465. Technical analysis of the present market shows that two years from now the growth of $ETC might be slightly downhill as minimum prices settle at $21.893.
Showing strong indication of sell, the Exponential Moving Average is valuing at 18.97 with Relative Strength Index suggesting neutral at 43.64. By 2025, we expect Ethereum to soar higher and simultaneously carry $ETC. Forecast indicates that average prices of Ethereum Classic in 2025 might be found at $32.949.
Ethereum Classic Price Prediction 2030
2030 forecasting of Ethereum Classic predicts a high and low of $61.067 and $42.306 simultaneously. Long-term analysis shows that $ETC has a potential of growing but market trends are restricting it. As present day market sentiment is 72% bearish, it is predicted that loads of improvements can reverse prices in seven years.
Average prices of Ethereum Classic in 2030 is forecasted around $56.826. However, the Web3 world is transforming and expected to reshape in such a long time. Acceptance of cryptocurrencies have also increased and we might see it spreading and take prices of $ETC higher. Check out Future Classic where long-term goals are discussed and can help you take a decision.
Ethereum Classic Price Prediction 2040
Predictions for Ethereum Classic in 2040 suggest that prices reach a maximum high of $87.977. Advancements that are made to $ETC comes from an Improvement Proposal which will be a key factor in making long-term investment decisions. Further bearish conditions can pull Ethereum Classic prices in 2040 to a low of $75.194 with average numbers around $83.791.
Ethereum Classic Price Prediction 2050
Forecasting of Ethereum Classic in 2050 highlights average prices to be found around $109.180. In bullish trends or due to multiple bull rallies, $ETC can also overtake its present ATH ($133.68) and reach a record high of $134.694. However, numerous factors play a vital role here, including Ethereum Classic News. So, conduct further analysis of $ETC before making an investment decision.
Should I Buy Ethereum Classic?
According to our analysis of Ethereum Classic, the present market is strongly bearish and investing now might not be the best decision. If you are still keen about $ETC, our suggestion is to wait for prices to drop further and target a lower price. While technical analysis also indicates sell, please note that the above predictions are rarely accurate and we can not give any assurance.
Realistic Ethereum Classic Price Prediction
Realistic analysis of Ethereum Classic reveals that prices might drop even further in 2023 and reversal depends on the performance of the token. If the cryptocurrency is able to match our expectations in the short-term, there is a high chance of target achievement even in the long-run.
However, present market sentiment is highly bullish and investment entry is very risky. Before investing, conduct your analysis from the candlestick chart of Ethereum Classic. You can also read the Future Classic for making an enhanced investment decision.