In this guide, we will voice our own and market’s opinion on ETC future while discussing Ethereum Classic price forecast for 2024 and beyond.
Please bear in mind that you should take this and any other prediction with a grain of salt since predicting anything is a thankless task, let alone predicting the future of a novel, highly volatile financial asset like Ethereum Classic.
Now, let’s head into it. Before we delve deep into the Ethereum Classic price prediction and answer questions if ETC is a good investment or not, why will ETC succeed or fail or why will Ethereum Classic price rise or drop, let’s quickly throw a glance at what is ETC and its to date history.
Our ETC price forecast suggests the token price will be around $11.02 in the next 90 days.
👉 Ethereum Classic Price Prediction 2024
Our ETC price forecast suggests the token price will be around $8.61 in 2024.
👉 Ethereum Classic Price Prediction 2025
We predict the Ethereum Classic price to hover around $53.54 in 2025 based on our analysis.
👉 Ethereum Classic Price Prediction 2026
In 2026, we expect the Ethereum Classic price to be approximately $0 according to our price prediction model.
👉 Ethereum Classic Price Prediction 2027
Our ETC prediction indicates the token price will be in the vicinity of $0 in 2027.
👉 Ethereum Classic Price Prediction 2028
For 2028, we forecast the ETC price to be around $0 given current trends.
👉 Ethereum Classic Price Prediction 2029
Looking ahead to 2029, we estimate the Ethereum Classic price will settle around $0.
👉 Ethereum Classic Price Prediction 2030
Our ETC price prediction suggests a token price of about $0 by 2030 based on projected growth.
What you'll learn 👉
Ethereum Classic Intro
Ethereum Classic (ETC) is a fork of Ethereum. Or, as some would say, Ethereum is a fork of Ethereum Classic… depending on who you ask and can be a little confusing. Either way, the original Ethereum blockchain is split into two competing versions. The DAO aka the Decentralized Autonomous Organization was a complex smart contract which was going to revolutionize Ethereum forever. It was basically going to be a decentralized venture capital fund which was going to fund all future DAPPS made in the eco-system.
Within 28 days of its formation, it accumulated over $150 million worth of ether in a crowdsale. At that time, it had 14% of all ether tokens issued to date. On 17th June 2016, someone exploited this very loophole in the DAO and siphoned away one-third of the DAO’s funds. That’s around $50 million dollars. The aftermath of the hack split the community: one part wanted to do a hard fork and create a new chain with the separation right before the DAO attack. That gave birth to Ethereum.
The ones that were not in agreement with the hard fork and insisted on the immutability of the blockchain stayed in what is now called Ethereum Classic.
ETC is a smart contracts platform that has some of the largest network activity of any blockchain, consistently higher than Bitcoin Cash, and neck-and-neck with Litecoin. They have multiple developer teams, all of whom are committed to the long term ETC vision. They are in the top-10 in programmer activity (measured by code commits). They have numerous sources of funding, and we continue to grow, day-by-day, commit-by-commit, line-by-line of code to create a bullet-proof network that anyone can use.
Both blockchains are identical in every way up until block 1920000 where the hard-fork to refund The DAO token holders was implemented, meaning that all the balances, wallets, and transactions that happened on Ethereum until the hard-fork are still valid on the Ethereum Classic Blockchain. After the hard-fork, the blockchains were split in two and act individually.
The battle between Ethereum and Ethereum Classic is both an ethical and ideological one.
Ethereum Classic Price Prediction
The cryptocurrency industry has faced increased regulation in 2023, with the SEC and Department of Justice pursuing legal action against major players. This crackdown signals the end of cryptocurrency unbridled early years, as traditional financial institutions enter the market and call for clearer rules. In 2024, significant regulatory clarity is expected. Several factors have fueled this crypto rebound last year. Most notably, Ripple Labs won a key legal victory against the SEC in June, leading to a short-lived price bounce. Renewed institutional interest has also provided a boost, with major firms like BlackRock pushing for Bitcoin ETF approval in late 2023. Bitcoin ETF approvals were done in early January 2024, setting a positive tone for the market. Analysts had predicted the SEC would decide on Bitcoin ETF applications between January 5th and 10th, 2024, potentially catalyzing industry growth. The approvals have been seen as a significant step towards mainstream acceptance and have sparked optimism among investors and traders alike. Now, attention is turning towards both pre and post-halving rallies, with the BTC halving scheduled for April 2024, which is expected to further boost Bitcoin, Ethereum, and the broader crypto market. Looking ahead, proposed 2024 changes like new accounting rules for crypto assets and less hawkish central bank policies could impact markets. Updated accounting standards may allow more corporate Bitcoin reserves. Meanwhile, forthcoming Treasury Department cryptocurrency tax guidelines, applying by 2025, could transform regulations around decentralized finance, NFTs, and digital wallets. ETF approvals have proven complex but present future investor opportunities if SEC concerns can be addressed. Bitcoin has more than doubled in 2023, with the recent Wall Street earthquake and upcoming halving expected to further boost Bitcoin, Ethereum, and the broader crypto market. By passing $50,000 for the first time since 2021, Bitcoin has climbed over 200% year-to-date. Ethereum has also grown following ETF approvals since now many anticipate ETH ETF approvals could be next. The majority of investors, traders, and crypto influencers are hopeful that the real crypto bull run will finally commence in late 2024, bolstered by the recent ETF approvals and anticipation of the upcoming Bitcoin halving event.
ETC Price Prediction For The Next 90 Days
Below is a tabular overview of how will ETC develop in the short-term (for the next 90 days), according to our prediction model:
Ethereum Classic Price Prediction 2024
Looking at the first half of 2024, the cryptocurrency market shows promising signs of a potential rebound. Bitcoin’s 150% gain in 2023 and renewed institutional interest indicate positive momentum. BTC is now trading well above $50k. Despite regulatory challenges, the market remains resilient, with a total capitalization of $1.97 trillion. Anticipation is high for a positive and prosperous period ahead, with experts closely monitoring market trends and institutional crypto activity, especially after Bitcoin spot ETF approvals in early 2024. All eyes are now on BTC Halving scheduled for April this year and potential ETH ETF approvals later during the year.
CaptainAltcoin’s prediction model takes market sentiment into an account and reacts accordingly. Below is a month-by-month breakdown for the next 12 months:
ETC Price Prediction 2025
Our prediction model sees ETC reaching $53.54 in 2025.
What will ETC be worth in 5 years?
The price of ETC in 5 years could lie around $0, according to CaptainAltcoin’s prediction model.
Ethereum Classic Price Prediction 2030 – 2040
What Ethereum Classic will be worth in 2030?
Our forecasting model sees Ethereum Classic reaching $0 in 2030.
What Ethereum Classic will be worth in 2040?
Our forecasting model sees Ethereum Classic reaching $0 in 2040.
Will Ethereum Classic replace / surpass / overtake Bitcoin?
No, Ethereum Classic will not replace or overtake BTC.
How high will Ethereum Classic go?
Our forecasting model sees Ethereum Classic price crashing and dropping to near 0 in a distanced future.
Is Ethereum Classic worth buying?
We do not see a bright future for Ethereum Classic. It is worth buying only as a short-term speculation with a good exit strategy. Ethereum Classic is not a good long-term hold.
Is Ethereum Classic a good investment?
Ethereum Classic is not a good investment in our opinion. Why? Well, it faces a fierce competition from other similar crypto projects, does not stand out with its technology and innovation, does not have a genuine community (not counting speculators and hype-chasing crowd) and the team behind the project is unproven.
Can Ethereum Classic make you a millionaire?
No, Ethereum Classic can not make you a millionaire as we do not see it doing a 10x price increase any time in the future.
How much will Ethereum Classic be worth?
For the short-term future, it could reach $11.02. In the long-term (8-10 years), it will most likely drop to 0 or thereabouts.
Why will Ethereum Classic succeed and go up in price?
Ethereum Classic has a slim chance of succeeding. It has no first mover advantage, it brings no unique value proposition, it has a weak team and small community behind it. All of this summed up prevents Ethereum Classic to succeed and rise in price for the long-term.
What is the short-term prediction for Ethereum Classic?
Ethereum Classic will reach $11.02 in the next 90 days, which is a 58% change over the current price which hovers around $26.24.
Ethereum Classic Price Prediction Today - What will be the price of Ethereum Classic tomorrow?
Ethereum Classic will hover around $25.98 tomorrow.
Market Price Predictions
- Ambcrypto’s Projection: For 2024, they expect ETC’s price to vary between $21.82 and $32.74, averaging around $27.28.
- CoinPedia’s Outlook: They suggest that ETC could reach a value of $52.10 by the end of 2025.
- Gov Capital’s Estimation: They predict that ETC’s price could soar to $50.53526088386, a 148.221% increase, within a year. This implies that a $100 investment today might be valued at approximately $248.221 by December 7, 2024.
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