For starters, having launched in 2016, it’s one of the more established cryptocurrencies. For example, it has a relatively small market cap compared to other major cryptocurrencies, and it also lacks some of MATIC the features that made Ethereum so popular. Nevertheless, Ethereum Classic remains a viable option for investors and users who are looking for an alternative to Ethereum.
In other words, applications launched on Ethereum Classic can issue and manage their native tokens. This system is similar to what we have on the Ethereum blockchain. Ethereum Classic is a decentralized, open-source blockchain platform, as well as a cryptocurrency.
It has circulating supply volume of 210,700,000 ETC coins and a max. Supply volume of 210,700,000 alongside $290M 24h trading volume. We also gather additional information from different sources to make sure we cover all necessary data or events.
Crypto Asset to Trade and HODL
This text is informative in nature and should not be considered an investment recommendation. It does not express the personal opinion of the author or service. Any investment or trading is risky, and past returns are not a guarantee of future returns. Extreme volatility in combination with other factors like ETC’s capped supply, exchange listings, and market trends affect the price of ETC on a daily basis, causing gains and losses. The price of Ethereum Classic depends on a wide variety of specific factors that help form its market value.
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Ethereum Classic Price Prediction 2030
Binance is not responsible for the reliability and accuracy of such third-party sites and their contents. Circulating supply shows the number of coins or tokens that have been issued so far. Having just locked in 10% with our Long trade on #ETC we’re looking at a small but well-worth-doing Short trade, expected returns of around 10%.
In addition to the peer-to-peer transactions that Ethereum Classic enables, it also offers smart contract functionality. As such, it facilitates an ecosystem where users can either deploy or access decentralized applications and tokens. Although a vast majority GMT voted for the hard fork, a few community members disagreed due to philosophical and ideological differences. They argued that blockchains should be immutable, meaning that transactions cannot be reversed, upholding the “code is law” ethos. However, it has gotten a reputation as the lesser legitimate option of the two networks.
January 2020 started bullishly with 157% of gains and ETC was able to climb to the price of $12 as its new high for the year until it reached the value of $13 in February. Ethereum Classic traded between $4 and $8 in March, and for the rest of the year, ETC would trade in the price range of $3 to $7 with frequent trend reversals. In January 2018, Ethereum Classic price reached an all-time high at the value of $47, then dipped to $28 in the same month. Over the next two months, ETC fell by 50% to touch $14 in March.
Does Ethereum Classic have a future?
Ethereum Classic Price Prediction 2028
Crypto experts are constantly analyzing the fluctuations of Ethereum Classic. Based on their predictions, the estimated average ETC price will be around $176.02. It might drop to a minimum of $171.40, but it still might reach $198.41 throughout 2028.
Ethereum Classic also maintains the Proof-of-work blockchain consensus model while Etherem moved to Proof-of-stake in the second phase of a three phase Merge which is expected to be completed sometime later in 2023. Market cap is calculated by multiplying the asset’s circulating supply with its current price. The percent change in trading volume for this asset compared to 24 hours ago. Head to the KuCoin Exchange for 24/7 live updates of ETC/USD prices and the ability to buy/sell crypto quickly. While there was no official maximum limit for ETC’s total supply before the Gotham update, its implementation restricted the number of ETC that can exist to 210.7 million tokens. Also, the emission rate of ETC was modified such that the block reward reduces by 20% every 5 million block intervals.
Ethereum Classic Price Prediction 2029
Like ETH it provides a decentralized turing-complete virtual machine, the EVM, which can execute scripts across the network. Ethereum Classic is a continuation of the original Ethereum blockchain – described as the classic version, preserving untampered history, free from external interference. The ETC price action could trend higher as the Ethereum Classic ecosystem grows in the future and more dApp developers build and deploy their applications on it.
Any data, text or other content on this page is provided as general market information and not as investment advice. Past performance is not necessarily an indicator of future results. CoinDesk is an independently managed media company, wholly owned by the Digital Currency Group, which invests in cryptocurrencies and blockchain startups. DCG has no operational input into the selection or duration of CoinDesk content in all its forms. With the intervention by Ethereum’s team, the platform was able to return all of the stolen funds to their owners. ETC is the native cryptocurrency of Ethereum Classic, a blockchain project that was created in 2016 when Ethereum’s blockchain split into two separate chains following a disagreement among members of its community.
The Ethereum Classic coin is among the largest crypto assets by market cap and enjoys high trading volume and liquidity on exchanges worldwide. You can buy or sell ETC, trade it against other cryptocurrencies, or choose to hold it if you believe in the long-term potential of the Ethereum Classic platform. Check the latest Ethereum Classic price, ETC market cap, and 24-hour trading volume, and perform fundamental, technical, and sentiment analysis on the Ethereum Classic price chart before entering a new trade. The current price of Ethereum Classic is –, with a 24-hour trading volume of –. In the last 24 hours, the price of Ethereum Classic decreased by 3.83%.
This payment goes to who validate transactions, perform smart contract computations and add new blocks to the chain. Besides being a payment mechanism for blockchain transactions, ETC, owing to its deflationary nature, is also used as a store of value. Ethereum Classic is the unforked, original history-containing version of Ethereum, supported by advocates – but not the core team of Ethereum developers. Due to a $60m hack of a third-party project in 2016, the Ethereum Foundation made the decision to hard-fork the network and restore the lost funds. However, the original network continued – renamed Ethereum Classic – championing the philosophy that smart contracts shouldn’t be interfered with, regardless of how painful a hack may be.
— Yash Thakrar (@yashthakrar1996) March 2, 2023
BitFlyer etherium classic price supports everything from account creation to trading. You can download it for free from the App Store and Google Play.
How high can Ethereum Classic go?
As a long-term investment, it projects that Ethereum Classic could perform very well. According to its predictions, the value of the ETC token could rise to $63 by the very end of 2023, rising to $90 in 2024, and achieving a mean price of $250 by 2025.
https://www.beaxy.com/ Classic is this open-sourced, decentralized as well as blockchain-based distributed cryptocurrency platform that runs smart contracts. It emerged as a split version of Ethereum’s blockchain as a result of a hack, where the newer version of Ethereum was created, but this older one carried on life. These costs are commonly referred to as gas fees, and they are paid to miners who use advanced computers to solve “proof-of-work” problems to help validate the network. The Ethereum Classic blockchain issues new ETC to the circulating supply to reward miners for adding new transactions to the blockchain.
— Yash Thakrar (@yashthakrar1996) March 2, 2023
ETC is the native cryptocurrency of the Ethereum Classic ecosystem. It is used to pay fees for transactions and interactions with dApps running on the blockchain and for executing smart contracts. Ethereum Classic shares the underlying technology with the Ethereum blockchain.
July brought new dips and Ethereum Classic traded between $13 and $19 before ETC value fell to $10 in October 2017. November brought 145% of gains with a new high price for Ethereum Classic at the value of $32, and with record-breaking transaction volumes exceeding 44 million. Ethereum Classic continued this positive momentum, breaking the resistance at $40 and reaching a new high of $42. This metric can be used as a predictive indicator of the asset’s future market capitalization. The Ethereum Classic price page is just one in Crypto.com Price Index that features price history, price ticker, market cap, and live charts for the top cryptocurrencies.
- The demand for Ethereum Classic is closely related to the number of listings that ETC has on various exchanges, and is expressed through trading volumes.
- ETH, the native digital asset of Ethereum, is the second-largest cryptocurrency by market cap among digital assets.
- Ethereum Classic integrated with Multichain, widely considered the leader in cross-chain routing protocols.
- Having just locked in 10% with our Long trade on #ETC we’re looking at a small but well-worth-doing Short trade, expected returns of around 10%.
Update with regards to NFT work, it is moving along, don’t give up on the space. ETCUSD can be ready for more upside as market can be forming a new bullish setup formation based on Elliott wave theory. Ethereum Classic with ticker ETCUSD made an impulsive five-wave recovery since December 19th of 2022, when we spotted a completed ending diagonal/wedge pattern within wave C of an A-B-C correction.
Ethereum Classic (ETC) Down 0.02% Monday: What’s Next? – InvestorsObserver
Ethereum Classic (ETC) Down 0.02% Monday: What’s Next?.
Posted: Mon, 06 Mar 2023 14:46:49 GMT [source]
Ethereum Classic is an open-source decentralized computing platform and cryptocurrency that launched as an alternative to the Ethereum network in 2016. Much like Ethereum, Ethereum Classic offers smart contract functionality and supports the deployment and use of decentralized applications . ETH, the native digital asset of Ethereum, is the second-largest cryptocurrency by market cap among digital assets. The ETH price is also far higher than the Ethereum Classic price, while ETC enjoys a market cap that ranks it as the 28th largest crypto in the market as of June 2022. Consumers and businesses can conduct transactions and make payments using ETC coins.