Ethereum Classic (ETC) is an open-source, decentralized, blockchain-based, distributed cryptocurrency that uses smart contracts. Ethereum Classic was born in 2016 after a hack, when the Ethereum community didn’t agree on whether to compensate the network users who had been affected. The original blockchain was split in two with Ethereum Classic remaining as the original “immutable” chain and Ethereum continuing as a hard fork under the guidance of Vitalik
Buterin.
Table of Contents:
When will it reach 1 dollar?
Ethereum Classic already surpassed the value of 1 dollar in January 2017, when it reached its first peak of around 1.5 dollars. Since then, the price of ETC has risen and fallen based on market conditions, but it has never fallen below 1 dollar. At the time of writing, the price of ETC is around 20.8 dollars
.
When will it reach 10 dollars?
Ethereum Classic hit $10 for the first time in May 2017, when it benefited from increased demand for cryptocurrencies and the popularity of Ethereum. Since then, ETC has crossed $10 several times, most recently in February 2021, when it reached its all-time high of around $161.
When will it reach 100 dollars?
Ethereum Classic reached $100 for the first time in January 2018, when it followed the upward trend of Ethereum and other cryptocurrencies. However, this level was not maintained for long, as the market underwent a strong correction over the year. ETC touched 100 dollars again in May 2021, but failed to stabilize above
this threshold.
When will it reach 1000 dollars?
Ethereum Classic has never reached 1000 dollars and there are no certain predictions as to when it might do so. However, some factors that could affect the price of ETC in the future are:
- The move of Ethereum from PoW to PoS, which could make Ethereum Classic more attractive to miners and users who prefer the original consensus mechanism.
- Improving the security and scalability of the Ethereum Classic network, which could increase trust and adoption among users and developers.
- The growing interest in cryptocurrencies and smart contracts, which could lead to greater demand and supply of ETC.
Is it considered a good investment?
Ethereum Classic is considered by some to be a good investment, as it offers an alternative vision of Ethereum, based on immutability and resistance to censorship. In addition, ETC could benefit from the growth of Ethereum and its applications, as it shares the same infrastructure and compatibility. However, ETC also has some risks, such as lower innovation, lower liquidity, and lower security compared to Ethereum. Therefore, investors should do their research and weigh the pros and cons carefully before investing in ETC.
Price forecasts from 2024 to 2030
Ethereum Classic’s price forecasts are based on various models and scenarios, which can be influenced by several factors, such as the market, technology, regulation, and competition. Therefore, forecasts are not guarantees of future results and may vary considerably. However, here’s a table that summarizes some of ETC’s most popular and recent forecasts from 2024 to 2030
:
| Anno | Minimum forecast | Average forecast | Maximum forecast |
|---|---|---|---|
| 2024 | $25.00 | $35.00 | $50.00 |
| 2025 | $30.00 | $45.00 | $70.00 |
| 2026 | $35.00 | $55.00 | $90.00 |
| 2027 | $40.00 | $65.00 | $110.00 |
| 2028 | $45.00 | $75.00 | $130.00 |
| 2029 | $50.00 | $85.00 | $150.00 |
| 2030 | $55.00 | $95.00 | $170.00 |
