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ETC is the native token of the Ethereum Classic blockchain. Ethereum Classic has no plans to convert to a proof-of-stake (PoS) mining algorithm, while multiple developers continue to work on future improvements such as scaling solutions.
What is Ethereum Classic (ETC)?
Ethereum Classic was forked from Ethereum in July 2016. Ethereum Classic came into being as the network which did not revert the chain. Developers state that there is no official team attached to the project and that its “global development community is a permissionless 'do-ocracy,' where anyone can participate.” Now, we shall consider the price analysis of Ethereum Classic (ETC) for the coming years. Flashback: Fundamental Analysis of Ethereum Classic (ETC) According to the official blog of Ethereum Classic, the Ethereum Classic Cooperative has increased the activities of the fund manager to four years. This has increased the trust of ETC holders since the report also included that it spent $500k in 2021. Since the budget of the Cooperative was raised to $1.6 million, it is expected that the team anticipates a rise in the price of ETC in 2022. We shall now consider what charts are showing about the price analysis of Ethereum Classic (ETC).
From the 1day chart above showing the Ema Ribbon indicator for ETC/USDT, we can deduce that the price of Ethereum Classic might dip soon. This is because the Ema ribbon moving averages is within the recently formed candlesticks.
The chart above shows the balance of power indicator which is used to determine if a market is controlled by either the buyers or sellers. From the chart for ALGO/USDT, we can see that its BOP value is -0.72. Since it is below 0, it means that the bears are having their way and that the price of Algorand might increase soon since it also has a negative divergence. Now, we shall look at the price prediction of Ethereum Classic (ETC) for the coming years.
Price Prediction of Ethereum Classic (ETC) in 2022
The price of Ethereum Classic (ETC) is expected to gain at least 5% by the end of June 2022 from its present price from its technical analysis. This means that it will be trading at around $38.29 by the end of the first half. Its price is expected to rise by at least 20% in the second quarter. This means that ETC would trade at least $45.95 by the end of December 2022.
Price Prediction of Ethereum Classic (ETC) in 2023
The price of Ethereum Classic is expected to gain at least 10% by the end of June 2023 from its present price from its technical analysis. This means that it will be trading at around $50.54 by the end of the first half. Its price is expected to rise by at least 12% in the second quarter. This means that ETC would trade at least $56.61 by the end of December 2023.
Price Prediction of Ethereum Classic (ETC) in 2024
The price of Ethereum Classic (ETC) is expected to gain at least 8% by the end of June 2024 from its present price from its technical analysis. This means that it will be trading at around $61.14 by the end of the first half. Its price is expected to rise by at least 12% in the second quarter. This means that ETC would trade at least $68.47 by the end of December 2024.
Price Prediction of Ethereum Classic (ETC) in 2025
The price of Ethereum Classic is expected to gain at least 15% by the end of June 2025 from its present price from its technical analysis. This means that it will be trading at around $78.75 by the end of the first half. Its price is expected to rise by at least 5% in the second quarter. This means that ETC would trade at least $82.68 by the end of December 2025.
Price Prediction of Ethereum Classic (ETC) in 2026
The price of Ethereum Classic (ETC) is expected to gain at least 10% by the end of June 2026 from its present price from its technical analysis. This means that it will be trading at around $90.95 by the end of the first half. Its price is expected to rise by at least 12% in the second quarter. This means that ETC would trade at least $101.87 by the end of December 2026. Now we shall consider different media platforms to see what their forecast is on Ethereum Classic (ETC) price.
Market Sentiments on Ethereum Classic (ETC) Price Prediction
PricePrediction
According to PricePrediction, the coin’s average price could reach $43.02 by the end of 2022 and surge to $1145.95 by 2031 which represents a 2559% increase.
DigitalCoin
According to DigitalCoin’s Ethereum Classic (ETC) price prediction, the average price could reach $50.89 in 2022 and by over 294% by 2031 to trade at $200.59.
CoinQuora
According to CoinQuora price prediction, the average price of Ethereum Classic in 2022 could be $75.44, surging by 364% in four years to trade at $350 in 2026.
Our Ethereum Classic (ETC) Price Prediction
The price of Ethereum Classic (ETC) will trade at least $45.95 by the end of 2022 and then increase by over 121% in four years' time to trade at $101.87 by the end of 2026.
Conclusion
Ethereum Classic (ETC) long-term investors will enjoy good returns. This is due to the positive outlook of the fundamental analysis, price predictions, and market sentiments.