Does the Classic Have a Future? Forecast for ETC Prices in 2024, 2025, and 2030

Ethereum and Ethereum Classic, the original chain, are as good as two distinct crypto projects in the post-Merge world. Supporters and holders of ETC question whether it will ever be able to achieve the same success as a more prosperous offshoot. Explore our Ethereum Classic price forecast to find out why they think it's totally feasible.

Price Forecast for Ethereum Classic (ETC) in 2024–2034

• Ethereum Classic appears to have some optimism despite its track record of poor performance in comparison to the more well-known fork, particularly in the bullish projections.
• They predict that ETC will eventually surpass its current price record of about $175, though not anytime soon.
• Even after ten years, an overall moderate Ethereum Classic price prediction does not show the same pattern.  However, even "bears" acknowledge that the price of ETC may increase over time.

 Ethereum Classic (ETC): What is it?

Funds that had been raised for Ethereum development were used to pay for the contract of the first decentralized autonomous organization (DAO), which was established in 2016.  By voting to restore the blockchain to its pre-hack state, the community essentially gave the money back to The DAO's contract.

 A minority, on the other hand, disapproved of the ruling and upheld the "code is law" doctrine.  Following a hard fork, they divided the chain, and Ethereum Classic was the offshoot that did not alter the transaction history.

 Ether Classic is the protocol's cryptocurrency, which is denoted by the ETC ticker.  ETC has a "fifthening" mechanism to lower mining-related inflation and a hard cap of 210 million in total supply.

 Although they are not the same, Ethereum Classic is comparable to Ethereum, as the name implies.  Our Beginner's Guide to Ethereum Classic contains additional information about the fork.

Price History of Ethereum Classic (ETC)

The price of Ethereum Classic from 2016 to 2018

Following the DAO incident, ETC began trading separately from ETH.  All ETH holders received the same amount on the Classic chain as a result of the hard fork, which resolved numerous issues with infrastructure and exchange listings.  For a while, the initial price of ETC was around $1.7 (ETH was between $11 and $12 at the same time).

 ETC experienced its first bull run in 2017, rising quickly to $20 and higher by the middle of the year and to $40 by the end of the year.

 The majority of cryptocurrencies saw a decline in 2018, and ETC was no exception.  It dropped from $35 to $5 between January and December of 2018.

2019–2021 Ethereum Classic Price

 As Ethereum Classic remained in the $3.85 to $9.4 range well into 2019, the crypto winter persisted.

 With the exception of a March rally to $12.37, 2020 was the final year of a calm market.  Even at the end of that year, ETC did not experience any notable price movement.

 ETC was eventually overtaken by another bull run, and it experienced a parabolic rise in May 2021.  It hit its current all-time high of $176.16 on May 6, 2021.

 The next time, in August 2021, it only made it to $69. Parabolic runs pull back hard.  ETC was $34.71 at the end of 2021 and the beginning of 2022.

The price of Ethereum Classic in 2022–2024

 The overall trend was downward, even though Ethereum Classic defied market trends with bear market rallies.  It recovered 110% in March 2022 and gained 230% in July, which coincided with the completion of Ethereum's merger and the switch to staking.

 ETC's price bottomed out near $15 for nearly the whole of 2023 because these rallies were insufficient to keep it afloat for very long.  When the BTC ETF was eventually authorized in the United States in early 2024, Ethereum Classic experienced an 80% increase.  It was already $37 by March.

 A well-known downward trending pattern has surfaced from that local peak.  Ethereum Classic is currently trading at $19.80 and is ranked 32nd on CoinMarketCap as of this writing.

What Affects the ETC Price?

Distancing from Ethereum

 This cryptocurrency is still unavoidably impacted by Ethereum Classic's history and branding.  So much so that when ETH rallies, traders would unintentionally rush to ETC.

 However, Ethereum Classic has been making adjustments since the split that were not impacted by the original and that have improved the price.  One of these is the hard cap on supply mentioned earlier.  This is not to argue that Ethereum Classic developers are creating new things; rather, they are implementing some of Ethereum's enhancements.

 The consensus algorithm is a clear distinction between the two blockchains as of right now.  While Ethereum Classic continued to be a Proof-of-Work cryptocurrency, Ethereum switched to Proof-of-Stake in 2022.  As a result, it has all the necessary PoW features, including mining and even a halving mechanism.  Bull runs have been consistently linked to Bitcoin halvings, but there is no proof that this is the case for other PoW cryptocurrencies that also experience miner reward slashing.

Security of Networks

One thing that Ethereum Classic could greatly benefit from is having more miners.  Prior to the Merge, ETC's hash rate was sufficiently low to allow for numerous 51% attacks.  In 2020 specifically, a couple of 51 percent of attacks occurred in a matter of weeks.

 Block reorganizations resulted in exchanges pulling down ETC pairs and a value equivalent to millions of dollars being double-spent.  It goes without saying that this incident has a detrimental impact on the chain's price and prospects going forward.

 At least in terms of hash rate, it appears that keeping the coin mineable contributed to increased network security.  When the option in ETH became unavailable in September 2022, a significant number of miners switched their power in order to secure and earn ETC.

Adoption

 Nevertheless, institutional investors continue to be open to placing bets on ETC.  Specifically, Grayscale's owners, Digital Currency Group, have permission to buy ETC and oversee $229 million in ETC.  Barry Silbert, the owner of DCG, is a strong advocate for ETC and is responsible for Ethereum Classic's support.

 However, the lack of retail cannot be compensated for by even a few wealthy adopters.  Forbes released an article in March that sparked a furor from cryptocurrency insiders as the market was booming as a result of the approval of BTC ETFs.

 The editorial, titled "The Rise of Crypto's Billion Dollar Zombies," attempted to investigate the most well-known altcoins to determine whether the market capitalization value they possess is supported by any practical application.  Even though it contained numerous factual errors (such as referring to Litecoin as a hard fork of Bitcoin), the authors' conclusions were not wholly incorrect.  Older altcoins with a market value over $100 million are primarily used as speculative investments and provide miners and validators with very little income from transaction fees.

 Although it is simple to write such articles off as FUD, one of the authors is an insider in the field, so the call comes from within.  Together with their co-authors, they were nevertheless able to offer an outside perspective that, much to the chagrin of cryptocurrency enthusiasts, brought attention to a very real problem.

Forecast and Analysis of the Classic Ethereum Price

 The Ethereum Classic price analysis was posted on TradingView by user Anakyn, who provided the following justification:

 A slightly oversold situation is indicated by the RSI, which is currently at 39 on the chart's lower portion.  This implies that the market might be close to a possible bottom, but more research is required.

 The price may find support close to the lower channel boundary or the 0.786 Fibonacci level ($15.65) if this ABC correction holds.  This might indicate that the corrective phase is coming to an end and that a new upward movement (Wave 1 of a new cycle) is beginning.  On the other hand, the price may indicate additional downside and prolong the correction if it breaks below these support levels.

Price Forecast for Ethereum Classic (ETC) in 2024

 Although CoinGape's technical analysis shows that the indicators are leaning bullish, it does not provide a definitive answer as to where the price will move.  In this instance, the coin's possible return on investment could reach 19% ($22.59).  If not, Ethereum Classic's standing may deteriorate and the price may drop to at least $18.16.

 ETC may still increase in value, according to Cryptonews, but it won't rise any higher.  They are certain that Ethereum Classic could rise to $25.32 by the end of 2024.  With a minimum of $20.24, the potential low of ETC is significantly higher than in the prior source.

The most optimistic short-term prediction for the price of ETC is provided by TheTradingSnip3r on YouTube.  He believes there will be a breakout to at least $100 because the chart is consolidating.  He mentions $500 as a far more optimistic price target.

Price Forecast for Ethereum Classic (ETC) in 2025

 Additionally, Long Forecast does not guarantee Ethereum Classic will see spectacular gains.  They assert that ETC will reach a peak of +97% in 2025, when it is nearing the end of the year at $39.14.

 CCN uses waves, fractal patterns, and technical analysis to provide a more optimistic forecast.  They estimate it will be $105 by the end of 2025.  Regarding their peers, CryptoNewsZ offers more realistic goals in the range of $41.48 to $77.19.

Forecast for ETC Prices in 2026–2029

 We can use algorithmic forecasts to predict the ETC price up to five years ahead of time.  What is the anticipated range of Ethereum Classic (ETC) prices in these years, from the lowest to the highest?

Year    Wallet Investor    Cryptopolitan    CoinCodex
2026    $1.669–33.928    $46.58–56.26    $17.76–43.92
2027    $1.036–34.188    $64.57–81.62    $18.42–24.89
2028    $1.432–38.878    $93.94–112.04    $20.32–35.78
2029    $0.955 –2.864    $140.65–166.48    $25.48–164.96

Price Forecast for Ethereum Classic (ETC) Through 2030 and Beyond

 Projecting for the end of the decade is still unreliable with the data at hand.  Numerous influencing factors might not even be present yet.

 Estimates from various sources provide widely disparate ranges.  According to PricePrediction.net,  The average price of ETC in 2030 is projected to be $188.49, although Coin Price Forecast maintains their expectations closer to $39.11–41.44.

 They predict ranges of $579.09–677.54 and $53.93–56.24, respectively, for 2034, a decade from now.  Let's talk about the error limit!

 According to BitScreener, the Ethereum Classic forecast is not overly optimistic, even for 2040 and 2050, with only ranges of $63.55–75.57 and $92.89–106.77, respectively.

How can I access Secureshift's ETC?

 You can easily purchase ETC on Secureshift if you already have cryptocurrency:

•  Select the exchange type, amounts, and currencies on the main page.  In the following step, enter the address of your wallet and verify the amounts.
•  Verify the information again, and read and agree to the privacy policy and terms of use;
•  The total amount of cryptocurrency you plan to exchange should be sent in a single transaction.  Transactions with fixed rates are limited to 15 minutes;
•  Completed?  We are currently handling every task, including verifying the incoming transaction and exchanging it as soon as it is received.
•  Your ETC will be en route to your wallet as soon as the exchange has been completed.

 Customer service at Secureshift is accessible around-the-clock via our website chat or by email at [email protected].

In conclusion

The current state of Ethereum and Ethereum Classic could not have developed more differently due to the divergence of the two chains' paths.  It's safe to assume that the future won't become any more similar along these lines either.  The future of Ethereum Classic is now completely up to its developers and supporters.

 Would you like to add anything to our price prediction for Ethereum Classic?  Please feel free to share on Telegram, Facebook, and X.  Visit our blog for additional forecasts, trading insights, news, and guides!

Frequently Asked Questions

Will Ethereum Classic hit $10,000?

ETC holders are always wondering if Ether Classic can significantly outperform the more well-known Ether (ETH).  It doesn't seem likely right now because ETH hasn't been able to achieve this level of value despite its advantages over ETC.

Is there any hope for ETC?

Even detractors have noted that a decentralized crypto protocol lacks a wind-down procedure.  Although there is enough support for Ethereum Classic to last, there doesn't seem to be much confidence in its ability to do so.

What is the projected value of Ethereum Classic in 2030?

ETC is predicted to be between $39.11 and $188.49 in 2030, depending on the source.

In 2025, how much will Ethereum Classic be worth?

ETC is predicted to be worth between $39.14 and $105.00 by 2025.

In five years, where will Ethereum Classic be?

Various analysts predict that the price of ETC may rise to $166.48 or slightly increase to $25.48 in 2029.

What is the anticipated height of ETC?

In 2034, ten years from now, the Ethereum Classic price is expected to reach $677.54, the highest price target experts have predicted.

What is the anticipated price of ETC in 2050?

The target price range is between $92.89 and $106.77 based on the anticipated average trading price of the ETC in 2050.

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Disclaimer: It is important to note that the content of this article does not constitute financial or investment advice. The views expressed herein are solely those of the author and should not be interpreted as specific recommendations for trading or investing. Readers and visitors to the website are encouraged to explore various perspectives and familiarize themselves with relevant local regulations prior to engaging in cryptocurrency investments. We do not guarantee the reliability or accuracy of the information presented.