While fiat currencies are losing their sheen in the recessionary phase of world economies, cryptocurrencies gain momentum. The onset of cryptocurrencies marked a revolutionary era in the world of finance. The versatile range of cryptocurrencies offered a plethora of advantages to investors. The renowned cryptocurrencies like Bitcoin, Ethereum, Stellar had their own benefit bandwagon to promote.
However, there still lurked a challenge of accessibility, transparency, and huge transaction fees. One of the crowning glories among crypto assets is Ethereum Classic, featured as ETC, the native token based on the Ethereum Classic platform. With decentralized finance (DeFi) becoming the talk of the town, algorithms and science-backed cryptocurrencies seem to be ruling the blockchain world.
Ethereum Classic (ETC): A Classic Touch
No wonder this is an outcome of years-long thinking, strategizing, science, and technology- all combined together. With time came cryptocurrencies on the digital road-map with date-set milestones and then manifested genesis of Ethereum Classic. Forked out of Ethereum in 2016, Ethereum Classic’s mission has been to make investors feel safe and transact securely with ETC at a lightning-fast speed.
Some factors govern the movement of ETC price with volatility, being the most influential one. There are also specialists involved in the analysis of rates and the execution of transactions online. The cryptocurrency is capable of generating tangible income, which attracts users ETC community has set higher benchmarks for itself notwithstanding. Ethereum Classic shall surpass all cryptocurrency investors’ expectations who have found this platform extremely interactive and uncomplicated.
The Multifaceted Ethereum Classic (ETC)
Blockchain algorithm being the center stage of this cryptocurrency, the entire phenomenon and fundamental focus of this cryptocurrency is the programmability. This allows the users to not only benefit from a digital money perspective but also using ETC for all marketplace transactions such as financial services, apps, games, to name a few, which can be built on the platform. As explained above, Ethereum Classic enables developers to formulate and work on smart contracts automatically implementing assignments under specific conditions.
Going through the various stages of development and evolution strategies, Ethereum Classic has stuck with its plan to consistently upgrade the protocol to ensure improved usability, security, functionality, and decentralization. Having the foundation of ERC-20 gives Ethereum Classic a further boost as the owners are free to govern their currency without any middlemen involved. In the process, redundant costs are eliminated, and transaction speed is trebled. Hence users are their own masters of authentication.
Technological development has enabled Ethereum Classic 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 backend team makes the Ethereum Classic platform all the more dependable. Investors are assured of their security, and any malware is trapped immediately.
Ethereum Classic (ETC): The Constitution
Most Ethereum Classic projects today rely on Ethereum Classic as a public blockchain, which grants access to a larger audience of users, network nodes, currency, and markets. However, there are often reasons to prefer a private blockchain or consortium blockchain (among a group of trusted participants).
As a substitute for centralized or quasi-centralized trust, public blockchains are secured by crypto-economics – the combination of economic incentives and cryptographic verification using mechanisms such as proof of work or proof of stake, following a general principle that the degree to which someone can influence the consensus process is proportional to the number of economic resources that they can bring to bear. These blockchains are generally considered to be “fully decentralized.”
Partially decentralized, a consortium blockchain is a blockchain where the consensus process is controlled by a pre-selected set of nodes; for example, one might imagine a consortium of 15 financial institutions, each of which operates a node and of which 10 must sign every block for the block to be valid.
A complete private blockchain is actually centralized to one organization for writing permissions. Read permissions may be public or restricted to an arbitrary extent. Likely applications include database management, auditing, etc., internal to a single company. So public readability may not be necessary in many cases at all, though in other cases, public auditability is desired.
All above contribute to the overall Ethereum Classic ecosystem by investing in Ethereum Classic software development. Over time, this translates into software improvements, shared knowledge, and job opportunities.
Ethereum Classic (ETC): Standing Apart
Also, the Corporate Mission of Ethereum Classic is not to lead solely on the growth path. The corporate has planned big for the future, embarking on various partnerships and collaborations. Being listed on eminent cryptocurrency exchanges like Coinbase and Binance, Ethereum Classic offers a safe and dependable platform to its traders. It enables lesser fees and a plethora of digital assets to pick and choose from. These upgrades and successful tie-ups have accelerated the momentum for ETC, creating the ecosphere of smart contracts far and wide. The upgrade has elevated the Ethereum Classic price on exchange substantially.
ETC successfully completed the “Agharta” hard fork at block number 9,573,000. The previous significant fork was the Atlantis in September 2019. These two forks are an effort to rebuild the community and create technical ties between the two cryptocurrencies (ETH & ETC).
Honestly speaking, Ethereum has magnanimously reinstated itself with the introduction of ETC. Banking on DeFi and platform being driven by blockchain, Ethereum Classic has phenomenally carved a growth path for itself. ETC stays close to the head of the family, Ethereum, and hence has a bright future to grow exponentially. It is living proof of what its community is capable of. They faced a serious crisis, stuck together, and came up with a truly elegant solution.
Ethereum Classic: Sealing Nuptials
ETC Labs has embarked on a voyage of sealing various partnerships that would infuse more corporate and community initiatives into the entire eco-space. Strengthening both ETC and ETH communities and enhancing functionalities, following bonds make the mission come true:
- I) Gitcoin: Ethereum Classic has tied up with Gitcoin launching a host of bounties available to both the Ethereum and Ethereum Classic communities. This integration of ETC and Gitcoin facilitates crowdfunding with more technical partnerships joining in for technological upgradation and innovative projects.
- ii) Swarm: Showing immense potential ETC Labs intends to address key issues in Blockchain along with Swarm and align the collaboration for support and development of its resources.
- iii) BloqCloud: ETC Labs has partnered with Bloq to launch BloqCloud Connect for Ethereum and Ethereum Classic. This nuptial is aimed at providing infrastructure services with a single API and end-points for DApps and wallets.
Committed to building high-quality technology and combating challenges on the way, ETC plays an aggressive role in addressing scalability issues on ETH and taking collaboration to the next level.
Ethereum Classic Price Forecast: The Historic Rise
One of the most important steps to make the most accurate ETC/USD predictions is to analyze ETC’s past performance. Ever since the currency entered the market in 2016 forking out of Ethereum, it has undergone a number of dramatic price changes.
Shortly after ETC made an appearance on exchange in 2016, its first big surge came, and between April and May, its price rose from $0.508 to $0.660 — a considerable jump that reflected a huge amount of early investor interest.
Unlike many other cryptos, Ethereum Classic price saw extreme growth for almost the entirety of 2017. In January, its exchange rate was around $2. By September, it had climbed up to an incredibly high and crossed the $18 mark, but even that was too pale in comparison to the growth spurt that awaited it.
As the ETC market as a whole started to experience levels of enormous inflation, Ethereum Classic 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 below the $10 price mark.
Surprisingly in the Covid-19 phase, when all other currencies demonstrated a dismal performance, ETC has exhibited a drastic change fluctuating between $5 to $6.50. Hence the currency gained investor confidence and saw a great surge in momentum. A lot of transactions transpired, and money changed hands. At the time of writing this article, the Ethereum Classic price stands at $7.80. Going by the pandemic phase, this can be counted as a phenomenal victory.
Ultimately, proving itself worthy of this investment, ETC has ever since then only grown beyond expectations with its price curve steadily rising upwards. However, digging deeper into ETC’s history of prices does not reflect many promises. Except for the large war chest of funds, the partnerships seem to be quite less in number. Experts have constantly advised that the platform needs to work hard on this area aggressively should it want to demonstrate an amazing exchange performance.
Another major factor is the oracles of ETC are of complex nature even though high in demand. The recent launch on Ethereum mainnet was a respite for investors have been long waiting for. This brought a good spike in the ETC price. These factors have increased the use of this protocol in the decentralized finance (DeFi) sector, thereby boosting Ethereum Classic’s adoption. It can be clearly defined that ETC, listed on various exchanges, has positioned itself among many of the top currencies but to stay at that level, it has to exploit its maximum potential.
How High Can Ethereum Classic (ETC) Price Go?
Ethereum Classic price today is around $14.75 and has a market cap of $1,701,169,919. The total circulating supply is 116,313,299 ETC with a trading volume of $4,602,461,865.
With ETC showing so much promise, it has support from all the industry crypto connoisseurs who firmly believe that backed by a fundamental robust algorithmic science and a consistent performance, Ethereum Classic, if invested at the right time, will undergo the right price gauge. To harness the optimum potential, experts worldwide and die-hard investors of ETC have advised sticking to this currency mainly for the reasons of price escalation expectation. In fact, it has steadily gained and consistently performed as said before.
Working hard to change the world map of technology, the entire ecosystem of Ethereum Classic ensures that participants benefit from blockchain-enabled functional advantages. ETC facilitates not just gains but builds hope. Backed by an enhanced decentralized accord and reinforced network, it aims to provide users the facility of also being available on alternate platforms for digital media sharing eliminating any role of intermediaries. ETC removes the middlemen and all for free provides solutions directly striking an association with the customer. The entire data is cryptographically secured via blockchain while allowing creators to take entire profits.
Experts’ Take on Ethereum Classic Price Prediction:
“Ethereum Classic price has the potential to reach $50 someday even though in the short term it may float at $60.”– Simon Dedic, Co-founder of Blockyre
“By the time 2024 approaches, we can see ETC price resting at the mark of $40.” Brian Schuster, Founder of Ark Capital
“ETC is set to surpass the expectations. By 2025, Ethereum Classic price will breach the mark of $30.” Crypto Research Report
“ETC is set to scale to $25 by the end of 2021.” – Skew Analytics.
Smartereum: “ETC price might grow threefold in six years, say by 2026, it should have a clear rally around $70 to $80.”
Digital Coin Price: “Ethereum Classic seems to be showing negative syndrome. The bears will push it down like other crypto giants too. It may disappoint its investors sailing barely at $10.12 and that too with difficulty.”
Crypto Rating: “Being based on a logical algorithm, ETC has both short term rally as well as long term potential advantages. The price may reach $20.39 end of 2021.”
Coinliker: “The future holds bright for ETC. It may not be an overstatement to say it would exceed a price of $30 per ETC. This means a tenfold annual increase each year is an excellent investment asset.”
Brave New coin: “Consolidating trends point towards the fact that there is hope for ETC and show it may go on a higher sentiment.”
Mega Crypto: “ETC price might reach $10.37 and by 2023 going up to $30.88.”
Long term technical team: “ETC has a promising future. It may get marginally impacted, but bulls will be back, and around 2024 its price may skyrocket to $20.88.”
Wallet Investor: “There is a downturn predicted, ETC may lose sheen by almost half of current price stooping to as low as $3.14 by the first quarter of 2021.”
CoinSwitch: “A lot of ETC projects are moving from concept phase to testing phase, and by the end of the year, a good number of projects would have been completed, hence, an all-around bullish prediction of $15.00.”
Longforecast: “Irrespective of its adoption, ETC will tend to face heat till January 2022. Going by predictions that bulls may be back, ETC should end up slightly higher, say by 2024 $20.38 at best.”
Trading Beasts: “ETC going by what it was in August 2020, sound highly bullish as it has shown a reliable consistency. By the 2021 end, it should easily swing around $20 to $25.”
Ethereum Classic (ETC) Price Prediction 2021-2025
Though ETC had to make a tremendous effort to fork out of its origin and compete long and hard with its rival cryptocurrencies, it is not long that it would outperform during the year 2021. There is a lot to be said as a courtesy Pandemic. Most of the competitors of Ethereum Classic, too, did not mesmerize the traders either. However, ETC’s consistency has tried to show in itself a unique feature to debate. Its involvement in various adventurous projects and Ethereum Classic price prediction 2020 has ensured that its price keeps up the momentum.
As per the Ethereum Classic price predictions, the currency gain more traction due to its privacy tag. A trait and respect that it attaches to all its investors. In fact, privacy is the hallmark of ETC, which has been the center stage of all currency activities gaining worldwide acceptance.
Ethereum Classic Price Predictions 2021
The year 2020 was a game-changer, not just for ETC but for most of the cryptocurrencies, including the fiat currencies. World economies somersaulted drastically in light of the Pandemic. The same was the case with Ethereum Classic.
However, the last year brought a lot of good for Ethereum Classic. The currency kept its momentum onward and upward. The year 2020 might have seen the ETC price hovering around the 5- 6 USD mark. It is not less than great news. What began with $2 ended with the $7 mark. Hence it has boosted the market sentiment phenomenon drastically.
Predictions since then have started hovering towards optimism than pessimism. Traders and investors have started betting on long term for ETC movement tracking it very closely. Hence the Ethereum Classic price prediction for this whole year remains quite encouraging, stating that the future price of Ethereum Classic might jump to about $15 in February and March and straight to the $20 mark.
Ethereum Classic Price Prediction 2022
Keeping up in tandem with the same bullish trend, there are price predictions that ETC is poised for an upswing even in the year next, i.e., 2022. Following the trending pattern against USD, especially the way it is trading within the confines of a symmetrical triangle on the hourly chart, it is evident that Ethereum Classic price too shall run parallelly on the same bullish trendlines. Though it is too early to predict whether ETC price movement will break from the peak, what stays clear is there is light at the end of the tunnel for sure. Whether Dollar falls or not ETC will not. Keeping in perspective the series of sequential peaks and troughs, the Ethereum Classic price only continues to indicate a positive trend among the receding Pandemic scenario touching the $20-30 mark.
Ethereum Classic Price Prediction 2023
Going by the study of shorter and longer price trends, ETC has been digressing from its path normally every couple of years. So going forward, it is highly likely that the end of 2022 or the year 2023 may not be so great for ETC for escalation, especially with rivals catching up heat or markets playing hide and seek. There is a predicted eventuality of ETC incurring a loss but only meager, dropping to $15 again. However, this stays as a pessimistic scenario, and some experts do not agree with this syndrome.
Ethereum Classic Price Prediction 2024
Stating that a jaw-dropping possibility does not exist and that bulls will ride the crypto market, it is once again expected that ETC will rule the crypto kingdom with a price pegged performance at $20. This is equivalent to the same that was predicted at the end of the year 2021, which shows ETC has full potential to not only sustain but consistently grow even in adverse conditions.
Ethereum Classic Price Prediction 2025
This year might mark as the benchmark year as the ETC price is predicted to surpass $30 by all means. Mainly because this year, no crucial factors like pandemic or recession are expected to shake the roots of world economies, and it is expected that most of the damage done would be on the road to repair work in all world economies. With mass adoption and price forecasts, the Ethereum Classic price is estimated to reach above its previous all-time high, around 50 USD by 2025, a max price rise like never before.
Ethereum Classic: Trading with Dynamism
Working hard to change the world map of technology, the entire ecosystem of ETC ensures that participants benefit from blockchain-enabled functional advantages. Ethereum Classic facilitates not just gains but builds hope. Backed by an enhanced decentralized accord and reinforced network, ETC aims to provide users the facility of also being available on alternate platforms for digital media sharing eliminating any role of intermediaries.
Just because coins like ETC or Bitcoin do not fall under the jurisdiction of any regulatory or central body does not make them in any way trustless. On the contrary, Crypto coins are powerful mainly because they are not regulated or, for that matter, dependent on any governing body. Therefore, they don’t come under the purview of any restrictive policies or provisions. Hence ETC fans advocate that his platform is entirely dependable, as good as raw cash. If nothing else, people living in not-so-powerful economies at least have the power in their hands – at least they are better off putting their hard-earned money into Ethereum Classic than a languishing stock or bonds.
With regulated world economies moving towards recession, it is proved beyond doubt that digital currencies shall rule the financial kingdom. Most certainly ETC is going to be one of the most crucial kings of this wild. Emerging as an extremely dynamic and vibrant force, ETC will be the pick and choice of investors, especially because it has stood the test of time, and investors have found a factor of reliability embedded in this token. ETC removes the middlemen and all for free provides solutions directly striking an association with the customer. The entire data is cryptographically secured via blockchain while allowing creators to take entire profits. More importantly, even though the recent performance of Ethereum Classic has not skyrocketed on the exchange rising to glory, one prominent fact that emerges here is ETC is here to stay, rise, grow in the markets in full bloom.
Frequently Asked Questions
Will Ethereum Classic go up end of this year?
The critical element here is the smart contract and decentralized applications. This is a catalyst pushing the value of ETC upwards. If that happens, consider ETC to break all records.
How does the ETC team check fraudulent or dubious transactions?
Ethereum Classic team has evolved a system whereby all transactions are regularly monitored, and any minuscule suspicion is entirely eliminated to protect the data. Allowing no dubious key image or transaction similarities, the ETC miners ensure sure there is no double-spend.
Can I still mine Ethereum Classic after PoS?
Once Ethereum Classic runs fully on the PoS rails, miners will have two options. One is to sell the equipment and use that money to accumulate more ETC and start staking.
Is Ethereum Classic better than Ethereum?
That can’t be commented on as both have their pros and cons. Ethereum Classic works with smart contracts and dApps. On the other hand, Ethereum has greater support from investors, and all-around functionality is better on the new blockchain. They both are the topmost cryptocurrencies in the world. It is just like asking what is better, Wine or Whisky!!
Can antivirus block my logging in ETC?
Many investors have this small trouble that sometimes pops in. The reason is some software does not allow ETC considering it could harm your system. However, with some KYC in place and creating an exception in your anti-virus, you can smoothly sail in with ETC.
How does ETC gain significance in the cryptocurrency market?
It is nothing but investors’ trust that has made an upward surge in the Ethereum Classic price. The sustainability of Ethereum also works for the fork ETC. Proving its merit against competitors, ETC has withstood the test of times and is worth investor’s hard-earned money.
Are the data and contracts sent over the Ethereum Classic network encrypted?
Encoded, yes but not encrypted. The primary reason behind that is encryption has limitations. While ETC aims to broaden space for transparency, it allows users to scrutinize contracts and data. One is at liberty to go for encryption before one disseminates it on the network.
Can Ethereum Classic make you rich?
No false promises. At the same time no despair as well. It all boils down to mass adoption, as said earlier. Investors have to do a thorough due diligence of the product before investing the amount. You need to invest wisely and strategically.
Is Ethereum Classic the future?
By all means, it should be. The price trends clearly indicate the horizons are bright. Especially because Ethereum is the first to have come up with Smart Contracts, Ethereum Classic will benefit out of the same with systems and partnerships in place.
Will ETC fail?
It all depends on the price of the token in the future. It would help if you did your own due diligence. Lack of funds, team draining out could lead to disruption. The longevity of the project depends a lot on the mass adoption and market sentiments.
Can Ethereum Classic contracts pull data using third-party APIs?
No, Ethereum Classic contracts cannot pull data from external information sources in this way. It is, however, possible to push data from external sites (e.g., weather sites, stock prices) to Ethereum Classic contracts through transactions. There are “oracle” services that are compatible with the Ethereum Classic network that will pull/push data to the Ethereum Classic network for a fee.
Where can I buy ETC?
All esteemed exchanges of the world carry the hallmark presence of Ethereum Classic. Compliant exchanges also give you the facility of directly trading ETC for fiat currencies like USD, EUR, GBP, etc., or other cryptocurrencies on many exchanges. Investors can also benefit from the block rewards program on ETC.
Can I store secrets or passwords on the Ethereum Classic network?
Unfortunately not, as the entire data bank is highly public. Transparency happens to be in the core element of ETC. However, technological upgrades are being done to ensure the same takes place soon.