Are you looking for the top Ethereum Classic price predictions? Or have you been struggling to answer the question ‘is Ethereum Classic a good investment?’ You’re in the right place. We’ll be exploring what the experts have to say about Ethereum classic future performance.
Find out the top Ethereum Classic Price prediction forecast for 2021 and beyond and discover how much ETC could be worth in 2021-2025.
At the time of writing, Ethereum Classic (ETC) is worth $11.11 and has a market capitalization of $1,288,399,710. These numbers make it the world’s 68th largest cryptocurrency — a status to which it has recently slipped.
When we first shared our pick of Ethereum Classic price predictions back in January, the asset was worth around $7.24 and had a market cap of $836,407,147. It may sound like significant growth, but at the time, ETC was the world’s 42nd largest crypto. That means it’s fallen by 26 places. By contrast, competitors such as Cardano, Polkadot, and Binance Coin have all soared up the rankings.
If you’re familiar with Ethereum, you may well have strong opinions on Ethereum Classic (ETC). As its name suggests, this open-source blockchain platform maintains the original and unaltered history of the Ethereum network — after a high-profile hacking occurred in 2016.
When the Ethereum Foundation updated its system to a new version of the Ethereum network in order to erase evidence of the attack (which stole $50 million worth of Ether), a group of independent users chose instead to stick with the old mainnet. They changed its name to ETC from ETH and Ethereum Classic was born.
Amongst cryptocurrency enthusiasts, there is often heated debate about whether Bitcoin or Bitcoin Cash is the strongest asset. Well, Ethereum and Ethereum Classic are no different. By continuing to run the original Ethereum code, the users didn’t just maintain an existing crypto but essentially created a new one. As a result, ETC is often described as a fork of Ethereum — even though it technically predates it.
If you’re wondering ‘is Ethereum Classic a good investment?’, you’re in the right place. Today, we’re returning to some of the top cryptocurrency analysis platforms to find the most compelling ETC price predictions for 2021-2025. Whether you’re a loyal investor or someone who’s considering adding ETC to their portfolio, read on to discover what’s next for the price of Ethereum Classic.
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What Is Ethereum Classic (ETC)?
As we mentioned in the introduction, Ethereum Classic is a fork of the (more popular) Ethereum cryptocurrency. While Ethereum is currently the world’s second-largest crypto — boasting a market capitalization of $135,614,984,129 and a price of over $1,000 — Ethereum Classic is much less bullish. At the time of writing, ETC has a market capitalization of $836,407,147 and costs just $7.24. This places it as the world’s 42nd largest cryptocurrency.
Before the Ethereum Classic fork took place, the original Ethereum network had a built-in funding vehicle known as the Decentralized Autonomous Organization (DAO). This was a decentralized app composed solely of code. It helped to fund emerging projects that had been launched on the Ethereum blockchain.
Users who invested in the DAO could vote for the projects they wished to fund, meaning a certain amount of Ether (ETH) would be allocated between them. The DAO’s native currency was also known as the DAO. It was possible to exchange DAO for ETH and vice versa.
In 2016, the Ethereum team publicly recognized a fatal flaw in the DAO network. A vulnerability in the code meant that it wasn’t as secure as they initially thought — leaving its accumulated Ether value of $150 million extremely targetable for hackers. Sure enough, an unknown attacker later made use of a bug in the codebase that enabled them to recall DAO tokens without having to verify their funds. This allowed them to steal $50 million worth of DAO, a huge amount of currency that was never theirs to begin with.
So, how exactly does the Ethereum Classic blockchain work? Like the better-known Ethereum, Ethereum Classic is also powered by its native currency, the Ether. The key difference to remember is that while Ethereum’s Ether is listed on cryptocurrency exchanges under the name ETH, Ethereum Classic’s Ether is listed as ETC. This prevents traders and investors from getting confused between the two. In both cases, Ether tokens are created as a reward for mining.
Other key differences between Ethereum and Ethereum Classic:
- Ethereum Classic uses — and will continue to use — a proof-of-work algorithm (PoW). The Ethereum 2.0 update, on the other hand, will see the Ethereum network switch to a proof-of-stake algorithm (Pos). In a PoW system, cryptocurrency miners have to solve complex equations using their computer in order to verify transactions and add them to the blockchain. This process requires huge amounts of energy, contributing to Ethereum’s whopping power consumption. In a PoS system, however, users can simply ‘stake’ their cryptocurrency as collateral in order to verify their transactions.
- Just as the number of Bitcoin tokens is limited, Ethereum Classic has capped the total number of ETC tokens that can enter circulation. A maximum of 230 million ETC tokens can ever exist, however, there is an infinite supply of ETH.
Short-Term Ethereum Classic Price Predictions
Ethereum Classic Price Predictions for 2021
What are crypto experts forecasting for Ethereum Classic ETC in 2021?
After an eventful start to the year, what will the rest of 2021 have in store for the price of ETC? The forecasts featured in our first article were overwhelmingly bearish, with some analysts expecting to see high levels of volatility throughout the year. But the asset’s recent performance has altered the outlook — and some platforms are newly-optimistic about its prospects.
One example of this is Wallet Investor. At the start of the year, Wallet Investor was clearly dubious about the future of ETC, believing that its price could crash to $0.969. This would be the crypto’s lowest price since 2017. Thankfully, it’s now a lot more positive, as we can see from the graph below.
According to its average predictions, Wallet Investor now believes that Ethereum Classic will remain above $10 for the duration of the year. The platform expects the price to fluctuate between $11 and $16, before closing 2021 at around $15.
Although its minimum predictions are a lot more bearish, they are still significantly higher than the average predictions it shared in January. At no point does Wallet Investor now expect Ethereum Classic to sink below $4-5, which is a welcome contrast to its belief that the asset would slip under $1. Its maximum predictions, meanwhile, are incredibly encouraging. At the top end of the scale, Wallet Investor believes we could see prices of over $20 — an increase of more than $10 over the course of the year.
Our second short-term Ethereum Classic price prediction comes from Long Forecast. Like Wallet Investor, Long Forecast was relatively pessimistic about ETC’s prospects in January. Although the platform didn’t think the price would fall below $5.70, it expected to see high levels of volatility that would prevent the asset from making much progress throughout the year. Its current predictions are as follows:
Ethereum Classic Price predictions for 2021:
Clearly, Long Forecast still expects the price of Ethereum Classic to be quite volatile. Its analysis suggests that we could see a yearly low of $8.24 in April and a yearly high of $14.46 in June. There is no consistent bullish or bearish trend, and ETC will close 2021 at roughly its current value. Although this is obviously preferable to a loss, it might still be disappointing for investors who were hoping for the recent bull run to continue.
Finally, let’s take a look at what Trading Beasts believes is in store for the price of Ethereum Classic in 2021. Unlike Long Forecast, it doesn’t expect to see high levels of volatility — but this does translate to a clear bull or bear run. Instead, Trading Beasts thinks the price of ETC will remain pretty stagnant throughout the year.
Ethereum Classic predictions for 2021:
|Month||Minimum Price||Maximum Price||Average Price||Change|
According to Trading Beasts’ predictions, the minimum, maximum, and average prices for each month are very similar. Although the average price will rise from $9.807 to $10.449, this isn’t a huge growth rate — dashing investors’ hopes that Ethereum Classic will become a real challenger to the original Ethereum (ETH) within the next year.
What Will Happen to the Price of Ethereum Classic (ETC) in 2021?
Overall, the predictions suggest that the price of Ethereum Classic (ETC) will hover anywhere between $4 and $20! Both of these extremes come from Wallet Investor. Long Forecast and Trading Beasts both foresee a smaller price bracket — though while Trading Beasts believes ETC will (very slowly) gain value throughout the year, Long Forecast expects the price to fluctuate.
Will the Price of Ethereum Classic (ETC) Go Up in 2021?
Wallet Investor and Trading Beasts both believe that the price of Ethereum Classic will go up in 2021, although they disagree when it comes to the growth rate and maximum value it may reach.
According to Long Forecast’s prediction, ETC will fluctuate throughout the year. Although its price will ultimately go up, its month-by-month increases will mainly be a matter of pips (percentages in point — the lowest measurement by which a price can change).
Additional Ethereum Classic price predictions for 2021 include:
- Digital Coin Price: $19.29
- Capital.com: $8.44
- Cryptocurrency Price Prediction.com: $13.2628
Long-Term Ethereum Classic Price Predictions: 2022-2025
Ethereum Classic Price Predictions for 2022-2025
What are crypto experts forecasting for Ethereum Classic ETC in 2022 and beyond?
Now that we’ve seen what might happen to the price of Ethereum Classic in 2021, let’s look ahead to 2022-2025. After so much variation in the 2021 price predictions, what do top crypto analysts expect to see in the run-up to 2025?
Our first long-term Ethereum Classic price prediction comes from Digital Coin Price. According to its predictions, the price of ETC will ultimately climb over the next five years but see high levels of volatility from 2023 onwards.
For each of the years until 2028, Digital Coin Price has predicted the following average price targets:
- 2022: $20.31
- 2023: $23.92
- 2024: $29.38
- 2025: $34.92
- 2026: $40.62
- 2027: $41.52
- 2028: $52.05
Although the platform expects to see the price of ETC grow by just a few pounds over the course of both 2022 and 2026, its overall predictions are incredibly encouraging. Digital Coin Price believes the value of Ethereum Classic will more than double before the dawn of 2030, even hitting the resistance point of $50 by 2028.
This is a very healthy growth rate that would take ETC to a new all-time high (ATH), surpassing its current ATH of $42.79 (which it hit in 2018, according to Nomics.com).
According to DigitalCoinPrice’s predictions, the price of Ethereum Classic will peak in 2026 at $19.51. Over the next three years, Ethereum classic price will continue to climb, before falling again in 2024.
After a particularly bad start between 2021 and 2024, it’s encouraging to see that DigitalCoinPrice believes the price of Ethereum Classic will increase by over $10 across 2024-26. Although this price increase is by no means dramatic, it does raise confidence that ETC will surpass $15 for the first time since 2018.
Next, let’s return to Long Forecast. The network gave a disappointing prediction for 2021, and the bad news is that it clearly doesn’t expect the trend to end any time soon. For 2022-2023, it’s given the following forecast:
Ethereum Classic Price predictions for 2022
Ethereum Classic Price predictions for 2023:
With prices slipping back down to under $5, this forecast is far from uplifting. Although there is still a high level of volatility month-on-month, the overall trend is bearish — with the minimum predictions falling from around $8 to $4 over the course of two years.
Unfortunately, the news isn’t much better for 2024-2025 either. In 2024, Long Forecast expects the asset to hit a yearly high of just $7.48. Even this seems surprisingly high considering Ethereum Classic will spend most of the year trading at $4-6. Its calculations suggest that by April 2025, its price may have reclimbed to highs of $8.35. But at around $3 less than its current value, this doesn’t give a positive answer to the question ‘is Ethereum Classic a good investment?’
Wallet Investor gave the most optimistic prediction for 2021. So, how do its long-term predictions compare? Disappointingly, they’re much less positive — or rather, some of them are! The platform has listed a minimum potential price of $0.000001 for the entirety of 2025, but interestingly, its maximum predictions are relatively encouraging (over $31 by December of that year).
Ethereum Classic in December 2025
|Date||Average Price||Minimum Price||Maximum Price|
With such a huge amount of variation, we can only hope that the reality is closer to the maximum than the minimum.
What Will Happen to the Price of Ethereum Classic in 2022-2025?
The predictions aren’t very conclusive for 2022-2025. While Digital Coin Price believes that Ethereum Classic will enjoy steady growth up until 2028, Long Forecast and Wallet Investor both agree that the asset won’t surpass its current price of $11.11. Its price could range anywhere from $0.000001 to $50!
Will the Price of Ethereum Classic (ETC) Go Up in 2022-2025?
It’s difficult to say whether the price of Ethereum Classic will go up in 2022-2025. Although Digital Coin Price clearly believes it will, the other platforms have predicted high levels of volatility couples with a slight bearish trend — certainly up until 2025, when the price may begin to climb slowly again.
Additional Ethereum Classic price predictions for 2022, 2023, 2024, and 2025 include:
- Trading Beasts: $12.117
- Coinpedia: $15.55
- Cryptocurrency Price Prediction: $45.4009
- Cryptocurrency Price Prediction.com: $16.7714
- Trading Beasts: $14.292
- Trading Beasts: $16.567
- Cryptoground: $31.551
- Cryptocurrency Price Prediction: $180
- Coinpedia: $28
- Cryptoground: $40.2865
Conclusion: Ethereum Classic ETC Price Prediction Forecast
The below prediction figures outline some of the Potential high and low of Ethereum Classic price prediction forecasts in 2021, 2022, 2023 and 2025 offered by technical analysts and industry experts.
How Has The Price Of Ethereum Classic Changed Over Time?
Upon entering the market, ETC remained at a low value of $0.7 and $2 for almost two years. Its first breakout period occurred in April 2017, when the price began to climb, eventually hitting an unprecedented $19.61 by June.
Although the price slumped a little in the run-up to 2018, investors wouldn’t be disappointed for long. This bullish trend came back with a vengeance in 2018, sending the price of Ethereum Classic shooting up to its ATH of $42.84.
Ethereum Classic wasn’t alone in this growth — in fact, the market as a whole was skyrocketing. For example, the price of Ripple XRP grew by an incredible 36,000% during this period, while Bitcoin jumped to its (then) ATH of $20,000. Unfortunately, it didn’t last. Almost every major crypto came crashing back down to earth before the start of 2019, with some (but not all) actually falling to their pre-2017 prices.
Ethereum Classic didn’t have as far to fall as big names such as Bitcoin. It eventually began to stabilize, ranging (for the most part) between $5 and $8. But by December 2019, things were looking slightly worse. The price had fallen to under $4 for the first time in a while, so when it began to climb again at the start of 2020, many investors felt optimistic. However, this too didn’t last long!
After spiking to $11.77 in February, Ethereum Classic fell victim to the coronavirus crash. As the world went into lockdown in an attempt to control the spread of COVID-19, the price of most cryptocurrencies (as well as the fiat stock market) crashed. Once again, ETC fell to below $5. Although the majority of assets recovered quickly, Ethereum Classic was slow to gain momentum, and didn’t get swept up in the market-wide bull run that began in December 2020.
As many of its competitors continue to climb, ETC is gradually getting left behind. Its price may have increased, but at the time of writing, it’s fallen 26 places down the list of the world’s biggest cryptocurrencies by market cap. It’s also one of the few assets that hasn’t matched its previous ATH during the bull run; ETC is still considerably under its ATH of $42.79, and even the most optimistic predictions don’t expect it to hit this price again within the next four years.
We can see these price changes by looking at the chart below, which comes from Digital Coin Price:
What Factors Affect The Price Of Ethereum Classic?
There are many different factors that can affect the price of the cryptocurrency market in general and certain assets specifically. By understanding what these are, you can analyze current trends and increase your chances of identifying potential breakout (or bearish) periods.
Below, we’ve outlined some of the key factors that can affect the price of Ethereum Classic.
1. The Popularity of Ethereum
As you might expect, Ethereum Classic enjoys a not-so-healthy rivalry with its better-known cousin, Ethereum. Many analysts have identified a trend that the success of Ethereum is correlated to the performance of Ethereum Classic — although whether this trend is more positive than negative is often up for the debate.
Because both cryptos have been built on similar architecture, the success of one can increase investor confidence. This is because it reassures people that the underlying technology (and original founding team) are performing well. However, it’s not always good news. There is still to this date a degree of public confusion surrounding the differences between Ethereum and Ethereum Classic. This is understandable given the fact that the name ‘Ethereum Classic’ is very misleading and could logically refer to either crypto.
This confusion has the effect of limiting public awareness, potentially directing attention aware from ETC and towards ETH. As supply and demand are intrinsically linked to price, less attention means lower demand, and consequently, a lower price.
Upgrades to cryptocurrency platforms are often eagerly anticipated by the investor community. The Emerald Wallet upgrade for Ethereum Classic was no exception. Designed to address “the lack of a common framework for developers to create dApps on Ethereum Classic, a lack of user interface (UI) components, and standard practices for third-party developers” (according to the Ethereum Classic team), this upgrade came into effect at the end of 2019.
As we can see on the graph from Nomics in the section above, the price of Ethereum Classic rocketed after the upgrade was released.
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- Ethereum Classic is an open-source blockchain platform that maintains the original and unaltered history of the Ethereum network — after a high-profile hacking occurred in 2016.
- ETC is now the world’s 68th largest crypto by market cap, having slipped down from 42nd place.
- The asset’s ATH was $42.79, which it achieved in 2018.
- During 2021, Wallet Investor expects the price of ETC to fluctuate between $11 and $16, before closing the year at around $15.
- Long Forecast believes we could see a yearly low of $8.24 in April 2021 and a yearly high of $14.46 in June 2021.
- Trading Beasts has predicted an average price of between $9.807 and $10.449 for the entirety of 2021.
- Digital Coin Price believes the value of Ethereum Classic will more than double before the dawn of 2030, even hitting the resistance point of $50 by 2028.
- In 2024, Long Forecast expects the asset to hit a yearly high of just $7.48.
- For 2025, Wallet Investor has predicted a minimum potential price of $0.00001 and a maximum potential price of over $30.
- Factors that can affect the price of Ethereum Classic include the popularity of Ethereum and the frequency of its network upgrades.
- At its lowest, Long Forecast expects the price of Ethereum Classic to slump to $5.70. At its highest, it expects it to reach $10.75 in April.
- Coinliker has made the bold prediction that ETC will be worth $173.15 by 2023.
- Factors that can affect the price of ETC include its relationship with Ethereum and the frequency of its upgrades.
If you’re wondering ‘should I add Ethereum Classic to my portfolio?’, we hope that you’ve found this article useful. Although many of the predictions have forecast modest growth, Coinliker is firmly at the other end of the spectrum, suggesting that we could potentially see a breakout opportunity in the near future. That means it’s more important than ever to carry out your due diligence and keep track of the key cryptocurrency trends 2021.
Once you’ve carried out your own due diligence, you may be interested to know that eToro provides the ability to trade with Crypto assets and CFDs on up to 90+ cryptocurrencies. Crypto Traders can build a diversified portfolio with the most popular coins.
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Ethereum Classic Price Predictions: FAQs
Does Ethereum Classic have a future?
According to the predictions we’ve included in our article, Ethereum Classic may have a future. Although many analysts believe its price isn’t likely to undergo huge growth, only WalletInvestor believes its value may fall in the short-term. Towards 2025, the majority of forecasts suggest that its price will rise.
Which is better, Ethereum Classic or Ethereum?
The answer to this question depends on your point of view. For many investors, Ethereum is the preferred choice as it no longer wants to use the energy-intensive PoW algorithm. For others, Ethereum Classic is superior because it maintains the original history of the crypto.
Should I sell my Ethereum Classic?
Whether you should buy or sell is wholly dependent on your appetite for risk. However, some analysts are advising that investors who prefer to follow a short-term trading strategy should sell their ETC during 2021. This is because the growth of ETC is more likely to occur towards 2025.
Disclaimer: Cryptocurrencies are highly volatile. Your capital is at risk and Past performance is not an indication of future results. Forecast and analysis reflect the views of different external and internal analysts at any given time and are subject to change at any time. Moreover, they can not constitute a commitment or guarantee on the part of Trading Education.