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Market Cap
$ 2,711,045,140
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Total Volume
$ 86,569,504
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24 Hour
1.01%
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7 Day
-1.27%
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Ethereum Classic Price Prediction, will ETC’s price hit $69.18?

Ethereum Classic price prediction, ETC’s price has pumped by 1.01% in the last 24 hours
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Ethereum Classic
Price Prediction
Ethereum Classic, ETC could hit $69.18 in 2023
Ethereum Classic’s price prediction for the most bearish scenario will value ETC at $15.69 in 2023
Ethereum Classic’s previous All Time High was on 6th May 2021 where ETC was priced at $167.09

Ethereum Classic’s price at the same time last week was $19.96. It has moved by -1.27% in the past week and is currently at $19.61. Infact, in the past 24 hours, ETC has pumped by 1.01%. There is a slight bearish sentiment in the crypto market. The long term sentiment, however, remains bullish and ETC could hit $69.18 in 2023.

The total circulating supply of Ethereum Classic as of writing this article was $138229707.88 and the marketcap of ETC remains at $2,711,045,140.

Disclaimer

For some coins with little to no data points and inexistent historical data the model by default will show a positive price prediction. There is no way for our AI bot to decipher whitepaper, tokenomics and team integrity. The coin's price that you are about to see below can fall drastically depending on many factors, so please invest wisely after checking the team and project's whitepaper. This current price prediction is done by a machine crunching numbers and the model is still in the early beta stages. It should strictly not be taken as an investment advice. Although the best engineers are currently tweaking and updating the algorithm, no human has verified the price predicted below, so please use your discretion and make a decision wisely.

About Ethereum Classic

 

Ethereum Classic (ETC): An overview


Source: Ethereumclassic.org

 

Founded by Vitalik Buterin and the Ethereum Foundation, Ethereum Classic is a blockchain that was built due to the split of the Ethereum blockchain into two separate chains after a disagreement among its community members. 


In July 2016, the Ethereum network forked into two blockchains: Ethereum and Ethereum Classic. Ethereum Classic uses proof of work to validate transactions. However, after the Merge in September 2022, Ethereum recently switched to the proof of stake consensus, making it sustainable. These blockchains have their own currencies: Ether (ETH) and ETC.


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. 


Some of the use cases for Ether (ETH) are as follows:

  • Decentralized autonomous organizations (DAOs)
  • Layer 1 network
  • Layer 2 solutions (network of networks)
  • Enterprise Ethereum
  • Smart contracts
  • Network of tokens
  • Non-fungible tokens (NFTs)

Some of the use cases for ETC are as follows:

  • Utility token for decentralized applications (dApps)
  • NFT dApps
  • Censorship resistance
  • Store of value


 

Ethereum Classic's journey: The DAO Hack


Source: Ethereumclassic.org

 

In early May 2016, some members of the Ethereum community announced the formation of DAO, also known as Genesis DAO. This was built as a smart contract on the Ethereum blockchain, and the coding framework was developed as open source by the Slock.It team, who are the founding members of DAO: Christoph Jentzsch, Lefteris Karapetsas, and Griff Green. 


The DAO had a creation period where anyone was allowed to send Ether to a unique wallet address in exchange for DAO tokens within 1–100. This was an unforeseen success as it managed to gather 12.7 million Ether, making it the biggest crowdfund ever. 


Anyone with a project was allowed to pitch their idea to the community and get funding from The DAO. Those with DAO tokens could vote on plans and would later receive rewards if the projects were profitable. Here's a timeline of how the DAO Hack led to the inception of Ethereum Classic:

  • On June 17, 2016, things took a turn when a hacker found a flaw in the coding that allowed them to exhaust funds from The DAO. 
  • 3.6 million ETH were stolen in the initial hours of the attack. 
  • Later, for unknown reasons, the hacker stopped exhausting the DAO even though they could have. To fix the damage, the Ethereum community managed the situation and dealt with the exploit. 
  • The funds in the account were kept on hold for a 28-day period, so the hacker couldn't complete the getaway. 
  • In a bid to refund the lost money, Ethereum had hard-forked to send the hacked funds to an account available to the original token owners. They were provided an exchange rate of 1 ETH to 100 DAO tokens, similar to the initial offering.
  • Many Ethereum users were disappointed with the hard fork and believed that it violated the basic principles (Code is Law) of blockchain technology. To add to that, in September and December 2016, cryptocurrency exchanges Poloniex and Kraken delisted DAO tokens.


 

Other key developments 


Source: Ethereumclassic.org

 

Ever since its inception, Ethereum Classic has achieved a lot within a span of a few years. Here are some of Ethereum Classic's key developments post the hard fork:

  • In July 2016, ETC was listed by Poloniex
  • In August 2016, DAO funds unlocked on ETC
  • In October 2016, Gas Reprice upgrade took place
  • In January 2017, Die Hard upgrade took place
  • In March 2017, a monetary policy consensus was formed
  • In December 2017, the Gotham upgrade took place
  • In October 2018, Coinbase listed ETC
  • In September 2019, the Atlantis upgrade took place
  • In January 2020, the Agharta upgrade took place
  • In November 2020, the Thanos upgrade took place
  • In July 2021, the Magneto upgrade took place
  • In February 2022, the Mystique upgrade took place
  • In March 2022, ETC welcomed a new hash rate
  • In April 2022, the Ethereum Classic DAO was formed with a mission to future-proof the network's development via an open-source development fund
  • In July 2022, Vitalik Buterin endorsed Ethereum Classic
  • In July 2022, Antpool supported the Ethereum Classic ecosystem with a $10M investment
  • In August 2022, the ETC hash rate surged

ETC Price Analysis


Since the end of 2021, ETC has been on a downtrend, with the most important resistance and support levels at $39.32 and $20.75.

 

 

ETC Weekly Chart 


A drop from $39.32 to $20.75 was seen towards the beginning of 2022, with strong bearish momentum sustaining itself since. Since the price has been on a downtrend, the weekly price chart showed the RSI was under the neutral 50 line, and the Awesome Oscillator was below the zero line. Moreover, on the daily time frame, a $13.24-support level was found under the $18.99-resistance level between June and July 2022. 


It is essential to note that despite being on a downtrend, in early March and July 2022, two sharp moves to the upside were possible for ETC. This seemed like a green light for the market’s bulls. However, so far, there has been no room for bulls in the market.


 

Should you consider buying ETC?


Post Ethereum’s Merge in September 2022, ETH miners migrated to ETC. This contributed to a surge in hash rate. As seen on the price chart, the $18.99 and $20.75 resistance levels might offer buying opportunities once they are flipped to support


However, traders looking to trade with the trend can wait for a bullish trend before beginning to buy the altcoin. If ETC does see movement in any direction, using the Relative Strength Index (RSI) and Directional Movement Index (DMI) will help traders.

Ethereum Classic Price Prediction

Ethereum Classic has had an eventful 2021. To simplify the latest ETC price prediction, we have divided up the prediction by short term Ethereum Classic price prediction and long term Ethereum Classic price prediction. As of writing this article, ETC had a trading volume of $86,569,504. Ethereum Classic has gone down by -23.80% in the past 30 days.

According to our analysis in the short term, Ethereum Classic price prediction for February 2023 shows the average price of ETC at $59.04 and the highest possible price for February 2023 would be $63.18.

Further, according to our analysis in the long term, Ethereum Classic price prediction for June 2023 shows the average price of ETC at $64.62 and the highest possible price for June 2023 would be $69.14.

Ethereum Classic's Short Term Price Prediction

DateAvg PriceLowest PriceHighest Price
5 Dec 2022$18.97$17.64$20.30
6 Dec 2022$19.11$17.77$20.45
7 Dec 2022$18.78$17.46$20.09
8 Dec 2022$18.69$17.38$20.00
13 Dec 2022$18.21$16.93$19.48
18 Dec 2022$17.68$16.45$18.92
28 Dec 2022$16.25$15.12$17.39

Ethereum Classic price prediction 5 Dec 2022: Ethereum Classic’s price for 5 Dec 2022 according to our analysis should range between $17.64 to $20.30 and the average price of ETC should be around $18.97.

Ethereum Classic price prediction 6 Dec 2022: Ethereum Classic’s price for 6 Dec 2022 according to our analysis should range between $17.77 to $20.45 and the average price of ETC should be around $19.11.

Ethereum Classic price prediction 7 Dec 2022: Ethereum Classic’s price for 7 Dec 2022 according to our analysis should range between $17.46 to $20.09 and the average price of ETC should be around $18.78.

Ethereum Classic price prediction 8 Dec 2022: Ethereum Classic’s price for 8 Dec 2022 according to our analysis should range between $17.38 to $20.00 and the average price of ETC should be around $18.69.

Ethereum Classic price prediction 13 Dec 2022: Ethereum Classic’s price for 13 Dec 2022 according to our analysis should range between $16.93 to $19.48 and the average price of ETC should be around $18.21.

Ethereum Classic price prediction 18 Dec 2022: Ethereum Classic’s price for 18 Dec 2022 according to our analysis should range between $16.45 to $18.92 and the average price of ETC should be around $17.68.

Ethereum Classic price prediction 28 Dec 2022: Ethereum Classic’s price for 28 Dec 2022 according to our analysis should range between $15.12 to $17.39 and the average price of ETC should be around $16.25.

Ethereum Classic's Long Term Price Prediction

Ethereum Classic’s long term Price Prediction below is a look at ETC’s future prospect with regards to price. Ethereum Classic was last seen at $19.61, with a market cap of $2,711,045,140 and trading volumes of $86,569,504. ETC’s price prediction is possible by analyzing historical price action, current developments and social sentiment from the community.

YearsAvg PriceLowest PriceHighest Price
2023$57.65$46.12$69.18
2024$74.37$59.50$89.24
2025$95.94$76.75$115.13
2026$123.76$99.01$148.51
2027$159.65$127.72$191.58
2028$205.95$164.76$247.14
2029$265.67$212.54$318.81
2030$342.72$274.18$411.26
2031$442.11$353.69$530.53
2032$570.32$456.26$684.38
2033$735.71$588.57$882.85

Ethereum Classic price prediction 2023: Ethereum Classic’s price for 2023 according to our analysis should range between $46.12 to $69.18 and the average price of ETC should be around $57.65.

Ethereum Classic price prediction 2024: Ethereum Classic’s price for 2024 according to our analysis should range between $59.50 to $89.24 and the average price of ETC should be around $74.37.

Ethereum Classic price prediction 2025: Ethereum Classic’s price for 2025 according to our analysis should range between $76.75 to $115.13 and the average price of ETC should be around $95.94.

Ethereum Classic price prediction 2026: Ethereum Classic’s price for 2026 according to our analysis should range between $99.01 to $148.51 and the average price of ETC should be around $123.76.

Ethereum Classic price prediction 2027: Ethereum Classic’s price for 2027 according to our analysis should range between $127.72 to $191.58 and the average price of ETC should be around $159.65.

Ethereum Classic price prediction 2028: Ethereum Classic’s price for 2028 according to our analysis should range between $164.76 to $247.14 and the average price of ETC should be around $205.95.

Ethereum Classic price prediction 2029: Ethereum Classic’s price for 2029 according to our analysis should range between $212.54 to $318.81 and the average price of ETC should be around $265.67.

Ethereum Classic price prediction 2030: Ethereum Classic’s price for 2030 according to our analysis should range between $274.18 to $411.26 and the average price of ETC should be around $342.72.

Ethereum Classic price prediction 2031: Ethereum Classic’s price for 2031 according to our analysis should range between $353.69 to $530.53 and the average price of ETC should be around $442.11.

Ethereum Classic price prediction 2032: Ethereum Classic’s price for 2032 according to our analysis should range between $456.26 to $684.38 and the average price of ETC should be around $570.32.

Ethereum Classic price prediction 2033: Ethereum Classic’s price for 2033 according to our analysis should range between $588.57 to $882.85 and the average price of ETC should be around $735.71.

A Historical look at Ethereum Classic, ETC’s price:

ETC/USD Pair

ETC
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USD
4 December 2019
3.83
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ETC
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USD
4 December 2020
6.59
signal-icon
171.97
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ETC
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USD
4 December 2021
44.93
signal-icon
682.28
trend-icon
ETC
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USD
5 December 2022
19.61
signal-icon
43.65
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ETC/EUR Pair

ETC
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EUR
4 December 2019
3.46
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ETC
compare-icon
EUR
4 December 2020
5.42
signal-icon
156.91
trend-icon
ETC
compare-icon
EUR
4 December 2021
39.71
signal-icon
732.46
trend-icon
ETC
compare-icon
EUR
5 December 2022
18.60
signal-icon
46.84
trend-icon

FAQs about Ethereum Classic

What is price of Ethereum Classic as of today 5th December 2022?

Ethereum Classic’s current price is $19.61 and witnessed a 1.01% increase in the past 24 hours. ETC/BTC pair saw a -0.72% decrease in the past 24 hours.

Is ETC a good investment?

Investing in Ethereum Classic, ETC will purely depend on your personal risk appetite. As you can see over the past 24 hours Ethereum Classic’s price has witnessed a 1.01% increase and over the past 30 days Ethereum Classic has decreased by -23.80%. So it all depends on if this investment will hit your trading goals.

How high can Ethereum Classic’s price go this year in 2022?

According to our latest Ethereum Classic Price prediction for 2022, ETC should vary between $17.84 and $11.89 Please keep in mind that the crypto market is very volatile and this Ethereum Classic price prediction does not account for extreme wild swings in price.

How much will Ethereum Classic be worth in 2022?

As per the Ethereum Classic price prediction undefined model above, ETC’s price for undefined should range between $undefined to $undefined with the average price for undefined being $undefined.

How much will Ethereum Classic be worth in 2023?

According to the Ethereum Classic Price Prediction model above, ETC’s price in 2023 would be $57.65. This price would however would range from $69.18 and $46.12.

How much will Ethereum Classic be worth in 2024?

According to the Ethereum Classic Price Prediction model above, ETC’s price in 2024 would be $74.37. This price would however would range from $89.24 and $59.50.

How much will Ethereum Classic be worth in 2025?

According to the Ethereum Classic Price Prediction model above, ETC’s price in 2025 would be $95.94. This price would however would range from $115.13 and $76.75.

How much will Ethereum Classic be worth in 2026?

According to the Ethereum Classic Price Prediction model above, ETC’s price in 2026 would be $123.76. This price would however would range from $148.51 and $99.01.

How much will Ethereum Classic be worth in 2027?

According to the Ethereum Classic Price Prediction model above, ETC’s price in 2027 would be $159.65. This price would however would range from $191.58 and $127.72.

How much will Ethereum Classic be worth in 2028?

According to the Ethereum Classic Price Prediction model above, ETC’s price in 2028 would be $205.95. This price would however would range from $247.14 and $164.76.

How much will Ethereum Classic be worth in 2029?

According to the Ethereum Classic Price Prediction model above, ETC’s price in 2029 would be $265.67. This price would however would range from $318.81 and $212.54.

How much will Ethereum Classic be worth in 2030?

According to the Ethereum Classic Price Prediction model above, ETC’s price in 2030 would be $342.72. This price would however would range from $411.26 and $274.18.

How much will Ethereum Classic be worth in 2031?

According to the Ethereum Classic Price Prediction model above, ETC’s price in 2031 would be $442.11. This price would however would range from $530.53 and $353.69.

How much will Ethereum Classic be worth in 2032?

According to the Ethereum Classic Price Prediction model above, ETC’s price in 2032 would be $570.32. This price would however would range from $684.38 and $456.26.

How much will Ethereum Classic be worth in 2033?

According to the Ethereum Classic Price Prediction model above, ETC’s price in 2033 would be $735.71. This price would however would range from $882.85 and $588.57.

What was the highest price of Ethereum Classic?

The highest price for Ethereum Classic was recorded in 6th May 2021 during which ETC hit an All Time High of $167.09

What is the price of 1 Ethereum Classic?

The price of 1 Ethereum Classic according to current market rate is $19.61