Ethereum Classic (ETC) is a unique cryptocurrency. While it’s most associated with the now-defunct Ethereum fork of 2014, it’s got a lot going for it. For one, it’s one of the few major cryptocurrencies to have seen a price increase in the past few weeks, and is widely seen as a truly decentralized system. As a result, Ethereum Classic has a lot of potential for investors, and at the moment looks to be high value.
Ethereum Classic (ETC) is currently challenging the dominance of the top coins, and it has a real chance to be the best altcoin of 2018. So, what happens next?
This coming month, Ethereum Classic (ETC) has a lot of important events in store. The ETC community is already planning the mainnet launch, but some are also looking at the roadmap for the year. It is expected that the prize pool for the ETC DevCon2 will be a big draw for the new investors, and the ETC community is looking forward to the conference. The company Square’s move to accept ETC as a payment method also sparked a lot of interest in the community.. Read more about ethereum classic price prediction 2025 and let us know what you think.Ethereum Classic (ETC) has become an unexpected star in this cryptocurrency bull market, sometimes proving to be the best performing coin in the market in terms of price movement. Ethereum Classic, unable to compete with its larger cousin Ethereum (ETH), could make a splash in June with Ethereum 2.0 on the horizon?
Ethereum Classic price in 2020 and 2021
As many at this point may know, the crypto-currency sector has experienced near-constant growth over the past year since prices collapsed in March 2020 due to COVID-19 concerns. When the spread of the global pandemic affected the stock market and traditional finance, the correlation initially caused cryptocurrencies to fall as well. This was not quite the case with Ethereum Classic. On the contrary, it has been fairly stable for over two years. There was only one notable price movement between January 2019 and February 2021, and that was in January 2020, when the price rose from $4.5 to $12 and then to $15. Mars 2020 is back to $5, with the COVID-19 scare bringing it back down. Otherwise, the currency has mostly oscillated between $5 and $7 before and after this brief breakout. ETC finally entered the bull market for cryptocurrencies in February 2021 and initially broke above 14. Resistance in February at $17, which it held until April. In April, the price rose again, this time to $47, before falling back to $30. Source: CoinMarketCap Finally, around the beginning of May, the coins took off and on the 6th they reached their peak. May almost $160. A further price correction then occurred, leading to a market-wide collapse in prices, as a result of which ETC fell to USD 45. The price recovered slightly to $80 before falling to just below $70, where it stands today.
Ethereum Classic Price Forecast
Source: TradingView After falling from its all-time high in June, the ETC entered a fairly stable trading range, finding support at the lower continuous trend line formed before the May rally and encountering downward resistance on its way up. A symmetrical triangle (4 hour chart) is in play here, and ETC will approach the end of this range in June. This compression will lead to a breakout of the ETC, but the wisdom is that the symmetrical triangle pattern is directionally independent: that is, price can just as easily break out upwards as downwards. Traders may need to look to technical indicators in the rest of the market for clues. The first thing to note is that although ETC came to the party quite late, it has since followed very closely behind Bitcoin and Ethereum. She got up when the other two went up, and collapsed when they came down. So it is quite possible that this will continue to be the case in the coming days, weeks and even months. Yet ETC remained relatively untouched by the rest of the cryptocurrency sector throughout 2020 and the first month of 2021. It then began to grow, along with the market in general, but at its own pace. There is also a clear parallel between the current consistent trading range and the range seen for most of 2020 (between $5 and $7). If the currency stays in this range a little longer, it could be a sign that such a rally could begin with a bullish breakout. At least, that’s what one analyst on Twitter thinks. $ETC That’s how small the current chart gets pic.twitter.com/yekmASYNg2 – FORKLIFTZ $ETC $XRP (@QtheFORKLIFTZ) June 6, 2021 If ETC escapes the upside in June, it could return to the $80 range where it ended up during the first leg of the recent decline. A resumption of the crypto-currency bull market in 2021 could see Ethereum Classic rise above $100 again – in the past, the market has shown a double top structure, setting new all-time highs after a period of consolidation. In this case, even a price target of $200 by the end of the year cannot be ruled out. Of course, if the market continues its downward trend, ETC will likely follow, but investors should keep in mind that Ethereum’s little brother has the mentality of an underdog and can surprise the market when least expected. Please note that the above figures are only the author’s personal opinion, based on relevant market data. None of this information should be construed as direct investment advice.Ethereum Classic has had a shaky few months after a series of contentious forks. After a failed hard fork attempt to implement changing the proof-of-work algorithm, Ethereum Classic underwent a rebranding (dubbed “Operation Mist”), and is now known as Ethereum Classic 2.0.. Read more about ethereum classic price prediction 2030 and let us know what you think.
Frequently Asked Questions
What will ethereum Classic be worth in 2022?
There have been many different cryptocurrencies created over the years, each with their own individual values and goals. However, all cryptocurrencies have one thing in common—they all use blockchain technology. This technology allows for fast and secure transactions, as it has no central authority that is in charge of the network. Ethereum Classic (ETC) is a cryptocurrency that is designed to be the long-term continuation of the Ethereum project, just like how Bitcoin is the continuation of the original Bitcoin project. When the Ethereum Foundation decided to create Ethereum, it created a fork of the original Ethereum blockchain and transferred over the existing Ethereum token-holders. Ethereum Classic aims to remain true to the original vision of Ethereum and remains faithful to the principles that the Ethereum community have long held.
What will ethereum Classic be worth in 2020?
Despite the fact that Ethereum Classic is now entering its second year as a cryptocurrency, it has been around since 2014, and has already seen one major hack. However, that hack did not result in the theft of funds, but instead resulted in a hard fork that split the Ethereum blockchain in two. It’s been a while since the inception of Ethereum Classic, and its price is now rising back up again to its $15-$20 range. Regardless of what most people believe, it’s currently one of the most profitable cryptocurrencies out there.
Will ethereum classic go up again?
Ethereum classic is a cryptocurrency that is derived from the Ethereum blockchain. One of the largest cryptocurrencies, Ethereum classic has had a rocky few months in 2018. The price of Ethereum goes down and Ethereum classic goes up, and then it goes down again. The cryptocurrency market is always evolving, and so is Ethereum Classic. As we are in the middle of a bear market, it is important to keep an eye on what is going on in the market. As the price of Ethereum Classic is almost similar to the price of bitcoin, it is likely to fall back.
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