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 $55.30 and has a market capitalization rate of $6.4b. These numbers make it the world’s 22nd largest cryptocurrency - a status which it has recently regained after slipping to 68th spot earlier this year.
When we shared our pick of Ethereum Classic price predictions back in March, the asset was worth $11.11 and had a market cap of $1,288,399,710. This is a significant price increase, but its current value seems disappointing when compared to the new all-time high (ATH) of $134.1 which it hit on 6th May.
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)?
- Short-Term Ethereum Classic Price Predictions
- Long-Term Ethereum Classic Price Predictions: 2022-2025
- Conclusion: Ethereum Classic ETC Price Prediction Forecast
- How Has The Price Of Ethereum Classic Changed Over Time?
- What Factors Affect The Price Of Ethereum Classic?
- Key Points
- Ethereum Classic Price Predictions: FAQs
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.
Read More: Ethereum Vs Ethereum Classic
Short-Term Ethereum Classic Price Predictions
Ethereum Classic Price Predictions for 2021
What are crypto experts forecasting for Ethereum Classic ETC in 2021?
Back in March, Wallet Investor had modest expectations for the price of Ethereum Classic. The platform believed that ETC would remain above $10 for the duration of the year, fluctuating between $11 and $16 before closing 2021 at a price of $15.
Now, Wallet Investor expects the price of ETC to remain not just above $10, but above $40. As we can see from the graph below, it believes that the asset will increase in value throughout the rest of the year. This is in contrast to its previous prediction, which included a series of peaks and troughs.
Wallet Investor’s maximum predictions place Ethereum Classic at a top price of $67.411 by the end of the year. Its average prediction for 31st December 2021 is $55.528, while its minimum prediction is $42.818. Although the minimum prediction is slightly lower than the asset’s current price of $43.57, it’s encouraging to see that the rest of its forecast is bullish. Its predicted growth rate might not be huge, but as the price of ETC continues to fall, small gains are better than no gains at all.
Our second short-term price prediction comes from Long Forecast. Like Wallet Investor, this platform has significantly upped its previous predictions from March. While it used to believe the price of Ethereum Classic would max out at a yearly high of $14.09, its new forecast suggests we could see prices of over $80 by the end of 2021.
Ethereum Classic (ETH) Price Predictions In 2021
Long Forecast differs from Wallet Investor in that it expects to see high levels of volatility throughout the rest of the year. With monthly price changes as big as $34.58-$72.52, it’s clear we might not be able to wave goodbye to the extreme fluctuations that shook the market in the first six months of 2021. However, with the exception of July, each monthly low is higher than the month before it. This means we’ll see an overwhelmingly bullish trend.
If Long Forecast’s prediction is correct, the price of Ethereum Classic hasn’t yet finished falling. To hit $26.68, as per the July forecast, the asset will need to lose around $17 in value over the next month. The good news, though, is that this is likely to be a bearish adjustment before a period of further growth.
Cryptocurrency Price Prediction never shies away from giving bold forecasts, and its prediction for Ethereum Classic is clearly no exception. Not only does the platform expect ETC to hit a new ATH before the end of the year, but it also expects the crypto to pass $200! Its maximum price forecast is $232.93, which it expects ETC to hit in December 2021. At around $100 higher than its current ATH, this would be a landmark achievement. But is this a reasonable prediction?
Ethereum Classic (ETH) Price Predictions For 2021
Month & Year
ETC Price Prediction
This is a staggeringly optimistic prediction. Considering ETC’s current record is just $134.1, these figures are unprecedented - however, the percentage growth rate is not. Ethereum Classic proved in April that it was capable of enormous price gains, rising by about $120 in less than one month. This suggests the numbers in the table above are potentially achievable, although they seem unlikely unless the market as a whole undergoes another bull run.
What Will Happen to the Price of Ethereum Classic (ETC) in 2021?
According to the predictions, the price of Ethereum Classic (ETC) is ultimately likely to increase. Although neither Wallet Investor nor Long Forecast expect to see a new ATH, Cryptocurrency Price Prediction has optimistically predicted a potential top price of $232.93 by the end of December 2021.
Will the Price of Ethereum Classic (ETC) Go Up in 2021?
Yes, it seems possible that the price of Ethereum Classic (ETC) will go up in 2021. However, Long Forecast believes that it could fall to prices of under $30 before reclimbing to $81.28 by the end of the year.
Additional predictions for the price of Ethereum Classic (ETC) in 2021 include:
- Trading Beasts: $50.217
- Cryptoground: $50.365
- Digital Coin Price: $69.03
- Coinpedia: $200
- Coin Price Forecast: $125.20
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?
2021 has been one of the cryptocurrency market’s most volatile years to date, after 2018. This makes it difficult to find accurate forecasts for the rest of the year - but what about 2022 and beyond? If you’re wondering ‘is Ethereum Classic a good long-term investment?’, read on to discover some of the top predictions for the price of ETC in 2022-2025.
According to Cryptoground, which predicted a top price of $50.365 for 2021, the outlook is relatively strong. Its technical analysis suggests that Ethereum Classic could reach the following prices over the next five years:
- 2022: $75.295
- 2023: $87.532
- 2024: $98.861
- 2025: $113.561
- 2026: $129.36
Although it’s reassuring to see that Cryptoground expects ETC to gain value year-on-year, many investors will be disappointed that it doesn’t believe the token will reach a new ATH any time soon. The platform has predicted a top price of $129.36 for 2026 — around $5 lower than Ethereum Classic’s current record of $134.1. This might mean we’re likely to see a new ATH before 2030, but it’s still a little underwhelming.
According to DigitalCoinPrice’s predictions, the price of Ethereum Classic will peak in 2026 at $129.36. 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 $30 across 2024-26.
‘Underwhelming’ is not a word we can use to describe Coin Price Forecast’s predictions. After predicting that ETC could reach $125.20 in the remainder of 2021, the platform has given the following forecast for 2021-2025:
Ethereum Classic (ETH) Price Predictions For 2021-2025
This table gives us no reason to worry about Ethereum Classic hitting a new ATH. According to Coin Price Forecast’s analysis, the price of ETC will rise to a staggering $230.68 by the middle of 2022 — and it won’t stop there. After hitting the $200 resistance point, the crypto could surge on to hit $300 by the end of 2023.
In fact, Digital Coin Price thinks the Ethereum Classic price will be $125 in 2021, rising to $250 by the end of 2022, $305 by the end of 2023, $234 by the end of 2024, and $287 by the end of 2025.
Unfortunately, Coin Price Forecast doesn’t expect Ethereum Classic to be able to sustain this growth consistently. Between the middle of 2023 and the end of 2025, ETC could fluctuate between $233.79 and $309.12. By contrast, Cryptoground believes the price of ETC will go from strength to strength in the long-term, climbing consistently with very low levels of volatility.
Even with this bearish dip, however, it’s clear that Coin Price Forecast has faith in the long-term prospects of Ethereum Classic. This is more than can be said for Long Forecast. Although its short-term prediction was relatively encouraging, its forecast for 2024-2025 is another story.
Ethereum Classic (ETH) Price Predictions For 2025
Long Forecast believes that the price of Ethereum Classic will start to slip in 2022. After hitting $81 in 2021, the asset could settle back down to around $50 before spiralling downwards throughout 2024. The platform expects to see a yearly low of just $24.08 in July, and the situation clearly won’t improve over the following year. By 2025, Ethereum Classic will be trading at around $25-35 - an underwhelming prospect after the high points of 2021.
However, as a long-term investment, it projects that Ethereum Classic could perform much better. According to its predictions, the value of the Ethereum Classic (ETC) token could rise to $120 by the very end of 2021, rising to $250 in 2022, and achieving a mean price of $350 by 2025.
What Will Happen to the Price of Ethereum Classic (ETC) in 2022-2025?
The long-term predictions are a lot less conclusive than those we saw for 2021. While Cryptocurrency Price Prediction believes we’ll see a series of staggering ATHs over the next four years, Long Forecast paints a very different picture. The platform expects ETC to slump back down to under $30 and remain stagnant for over a year in 2023-2025.
Will the Price of Ethereum Classic (ETC) Go Up in 2022-2025?
The price of Ethereum Classic (ETC) could go up in 2022-2025, but this isn’t a sure thing. Although all of the short-term predictions believed the asset would gain value, the long-term predictions are varied. Long Forecast doesn’t think that ETC will go up at all in 2022-2025, instead believing that the asset will consistently fall from its December 2021 price of $81.
Additional predictions for the price of Ethereum Classic (ETC) in 2022, 2023, 2024, and 2025 include:
- Trading Beasts: $64.958
- Digital Coin Price: $71.33
- Wallet Investor: $95.892
- Coinpedia: $300
- Trading Beasts: $80.074
- Digital Coin Price: $84
- Wallet Investor: $128.286
- Coinpedia: $450
- Trading Beasts: $93.535
- Digital Coin Price: $103.17
- Wallet Investor: $163.385
- Digital Coin Price: $122.63
- Wallet Investor: $199.210
- Coinpedia: $350-400
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.
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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.
In May, ETC saw its most dramatic growth rate yet, rising to a new ATH of $134.1 Before this, many investors were sceptical about the question ‘will Ethereum Classic reach $100?’, so although its growth didn’t last, it at least proved this milestone was achievable. We can see ETC’s price changes over the last few months by looking at the graph below, which comes from CoinMarketCap:
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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 the world’s 22nd largest cryptocurrency, after rising from 68th spot in March.
- The asset’s current ATH is $134.1, which it hit in May 2021.
- Wallet Investor’s maximum predictions place Ethereum Classic at a top price of $67.411 by the end of the year.
- Long Forecast’s updated prediction suggests we could see prices of over $80 by the end of 2021.
- Cryptocurrency Price Prediction has given our boldest short-term forecast, believing that ETC could hit a staggering $232.93 by December 2021.
- Cryptoground believes that Ethereum Classic will max out at $113.561 in 2025, around $20 lower than its current ATH.
- According to Coin Price Forecast, ETC will close at $287.31 in December 2025, after briefly surpassing $300 in 2023 and 2024.
- Long Forecast is far less optimistic about ETC’s long-term prospects, expecting its price to fall below $30 in 2022-2025.
- Factors that can affect the price of ETC include the popularity of Ethereum and any ETC upgrades.
If you’re wondering ‘should I add Ethereum Classic to my portfolio?’, we hope that you’ve found this article useful — despite the huge amount of variation between predictions! With potential prices ranging from under $30 to over $300 in the long term, it’s clear that the outlook for ETC isn’t yet clear. That means it’s more important than ever to carry out your due diligence and keep track of the key cryptocurrency trends 2021.
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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.