Ethereum Classic will increase by 11.88% and reach $ 19.92 by Aug 14, 2023 if it reaches the higher value target. A lot will depend on how the market responds to Shapella, weth token and whether ETC can end up attracting former ether miners. As it stands, the likes of WalletInvestor are bearish while sites such as DigitalCoinPrice are bullish.

Nevertheless, Ethereum Classic remains a viable option for investors and users who are looking for an alternative to Ethereum. AMBCrypto’s content is meant to be informational in nature and should not be interpreted as investment advice. Trading, buying or selling cryptocurrencies should be considered a high-risk investment and every reader is advised to do their own research before making any decisions. Ethereum Classic (ETC) is currently trading within a range of $16.46 to $19.53, with these levels serving as key support and resistance levels. The first major resistance level for ETC is at $19.53, and if the price manages to break above this level, the next resistance levels to watch out for are $21.35 and $23.29.

Felix has for many years been enthusiastic not only about the technological dimension of crypto currencies, but also about the socio-economic vision behind them. Because if anything goes wrong when Ethereum switches to Casper, everyone will rush over to ETC. This scenario is highly unlikely, though.IOT – internet of things; the devs over at ETC are working on getting the ETC blockchain to be able to speak to ADA as well as ETH.

Ethereum Classic Price Prediction: Will We See a Resurgence?

Whether ETC is a suitable investment for you depends on your risk tolerance and how much you intend to invest, among other factors. Never invest any money that you cannot afford to lose. The start of 2021 was a good time for crypto, and ETC was able to take advantage of more and more people getting involved. It reached an all-time high of $176.16 on 6 May 2021, then dropped back sharply as the market crashed.

Its average cost is expected at around $$192.01 during the year. According to the latest data gathered, the current price of Ethereum Classic is $$17.75, and ETC is presently ranked No. 29 in the entire crypto ecosystem. The circulation supply of Ethereum Classic is $2,526,519,624.42, with a market cap of 142,356,642 ETC.

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However, community bustle has died down and is only sporadic these days. Lack of security on the network due to the low prices of tokens and consequently, low miners’ interest that all culminates into a low hashrate. We already had a foretaste what happens when you have weak network hashrate – you get attacked by malicious actors. Even though ETC surprisingly shook off the event, the taint on its record, credibility and integrity stays. Looking ahead to the second half of 2023, the cryptocurrency market shows promising signs of a potential rebound. Bitcoin’s 80% gain so far and renewed institutional interest indicate positive momentum.

• It has no first mover advantage, it brings no unique value proposition, it has a weak team and small community behind it.
• Buy and Sell over 150 coins on the world’s biggest crypto exchange – Binance.
• Based on our algorithmically generated price prediction for Ethereum Classic, the price of ETC is expected to decrease by 49.65% in the next month and reach $ 26.64 on Sep 7, 2023.
• Additionally, Ethereum Classic’s price is forecasted to gain 80.59% in the next six months and reach $ 32.15 on Feb 4, 2024.
• Ethereum Classic price forecast at the end of the month $6.57, change for December -8.4%.
• Ethereum Classic price prediction for February 2024.In the beginning price at 14.04 dollars.

It is a proof of work, Turing-complete blockchain, with the cryptocurrency and smart contracts both fully integrated in the base layer. It is like Ethereum Classic (ETC) community has not been affected at all by the recent attack. In the first half of 2021, Ethereum Classic joined the rally that most of the cryptocurrency market went through. Its price grew quickly from ~$5 just before the 2020’s end to ~$15 in February.

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Ethereum Classic price forecast at the end of the month $7.35, change for September -10.9%. ETC to USD predictions for July 2024.In the beginning price at 11.03 dollars. Maximum price $11.03, minimum price $8.97. Ethereum Classic price forecast at the end of the month $9.65, change for July -12.5%. ETC to USD predictions for May 2024.In the beginning price at 15.63 dollars.

Finally, Ethereum Classic is expected to trade at $ 40.34 on Aug 7, 2024, following a 126.59% value decrease in one year. Many cryptocurrency traders pay close attention to the markets when the current Ethereum Classic price crosses an important moving average like the 200-day SMA. If you want to trade Bitcoin or Ethereum, the choices are endless. Yet when you begin going down the list of market capitalization, the options narrow.

Trending Predictions

The EMA gives more weight to more recent prices, and therefore reacts more quickly to recent price action. The 50-day SMA is calculated by adding together Bitcoin’s closing prices in the last 50 days, and dividing the total by 50. According to our Ethereum Classic forecast, the price of Ethereum Classic will increase by 49.65% over the next month and reach $ 26.64 by September 7, 2023. According to our Ethereum Classic forecast, the price of Ethereum Classic will increase by 5.74% over the next week and reach $ 18.83 by August 13, 2023. Over the last 30 days, Ethereum Classic had 14/30 (47%) green days.

Currently, the RSI value is at 40.39, which indicates that the ETC market is in a neutral position. Every exchange uses a different interface and different charting tools. You obviously cannot get familiar with every option available as it would take too much time. Reviews with screenshots may become handy in getting the look and feel of the platform. If you prefer advanced trading tools, there is a good chance that a broker might have more sophisticated tools.

In the table below you can find two types of moving averages, simple moving average (SMA) and exponential moving average (EMA). Today’s price increase, though lacking momentum, will see ETC slightly recover from yesterday’s strong bear market. Based on the past few days’ price action, I expect tomorrow’s trading session to continue with the sideways trend. This will mean a bear market tomorrow if today’s trend closes with a net price gain. Ethereum Classic is up by less than a percentage point.

Price Prediction for Ethereum Classic

Moreover, on the daily time frame, a $13.24-support level was found under the $18.99-resistance level between June and July 2022. Ether (ETH) is the native token of Ethereum, whereas ETC is the native cryptocurrency of Ethereum Classic. Post the split, ETH holders at the time received the same amount of ETC in their wallets for free. Regulations governing cryptocurrencies vary by jurisdiction and may change over time, which could impact the legality and use of cryptocurrencies. The highest price ever recorded for ETC was $129.73, which we consider to be a key level for the price of Tezos to potentially return to in the next bull run. However, our algorithmic prediction system suggests that the price may exceed this level and reach as high as $836.92 within the next ten years.

Due to price fluctuations on the market, please always do your research before invest money in any project, network, asset, etc. Monthly performance data shows the change in price of a cryptocurrency month over month. We also use this data for Ethereum Classic price prediction. Analyzing monthly performance data, can help to identify patterns, market cycles, and potential opportunities for buying or selling an asset. It is important to note, however, that past performance does not guarantee future results and that cryptocurrency prices are notoriously volatile, making accurate predictions difficult.

It is worth buying only as a short-term speculation with a good exit strategy. Ethereum Classic is not a good long-term hold. Our forecasting model sees Ethereum Classic reaching $0 in 2040. Our forecasting model sees Ethereum Classic reaching $0 in 2030. A good charting tool is a must if you want to try yourself out as a day-trader.

• Even Ripple is not present on all exchanges.
• This chart shows long-term ETC crypto price prediction for the next several years 2025, 2030, and 2040.
• Ethereum Classic price prediction for August 2024.In the beginning price at 9.65 dollars.
• The physicist has couple of years of professional experience as project manager and technological consultant.

In the long-term (8-10 years), it will most likely drop to 0 or thereabouts. 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.