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We will provide insights into Ethereum Classic Price Prediction & Ethereum Price Prediction to help investors better manage their investments in the following article.
Ethereum has skyrocketed in 2021, touching $4,000 for a period before correcting to $3K. As the second-largest cryptocurrency by market cap, Ethereum gains wider adoption and shows signs of decoupling from bitcoin. Some analysts predict that with the upgrade of ETH 2.0, Ethereum will reach $10,000 per coin.
When it comes to Ethereum, there are two different kinds, Ethereum Classic and Ethereum. Ethereum Classic is a spin-off from Ethereum and was the result of the decentralization autonomous organization hack. It was originally launched in 2016 and has remained much cheaper than Ethereum until early 2021.
Ethereum Price History
Ethereum (ETH) started the year 2021 at a price of about $750 and has increased drastically in the past few months. It reached a peak of just over $4,000 before decreasing drastically to about $2,100 by May 23, 2021. Despite the sudden decline for ETH and every other cryptocurrency on the market, investors still hope.
Unlike Bitcoin, ETH is somewhat different as it has better DeFi capabilities and is more energy-efficient. Currently, ETH has the second biggest market capitalization of all cryptocurrencies at about $300 billion. Its current trading volume is more than $50 billion. The differences between ETH and other cryptocurrencies allow ETH to keep its strong value, especially after the update of ETH 2.0.
Ethereum Price Prediction
Although all cryptocurrencies saw significant declines in the past few months due to several reasons, the market is expected to rebound, just at a slower pace and this includes ETH. It is expected to recover in the coming years as cryptocurrencies become more popular, stable, and prevalent.
Not to speak of it’s gradually gaining national legislation protection and support.
Ethereum Price Prediction 2021
Based on the current trading volume, market cap, and the recent decline, the ETH price prediction is about $3,200 – $3,400 by the end of 2021. Many other investment firms also have similar price predictions, with WalletInvestor being about $3,700 for example.
Ethereum Price Prediction 2025
Due to being more versatile, ETH has much better prospects. ETH has better price predictions when compared to other cryptocurrencies. Because of this, the end-year price prediction for ETH is about $9,400. The future is very promising considering more and more businesses start to adopt ETH.
Ethereum Price Prediction 2030
As known that the ETH 2.0 upgrade is on the way. The update will further stabilize the coin, increase efficiency and also improve the scalability of the network. With more uses comes more users and a higher price. Due to this, Ethereum price prediction will be about $18,300 by 2030.
Ethereum Classic Price History
Overall, Ethereum Classic moved in the same trend as Ether in these years and reached its peak in early 2021 when the bull run was predominant. Next, we will give a brief analysis of Ethereum Classic price history.
Open price: $1.45; Close price: $26.12
Ethereum Classic moved almost in wavelike rises in 2017.
In March, the Ethereum Classic community monetary policy took effect. In the next few months, ETC rose from $0.6 to $23, reaching a small peak in mid-June.
Later, in December, the Ethereum Classic block reward was halved for the first time, and the block reward was reduced by 20% at the block height of 5,000,000. The Ethereum Classic price was way up, topping an annual high of $44.05.
Open price: $26.05; Close price: $5.09
The year 2018 was deemed to be a severe winter of the crypto market. As BTC dropped from $17k, way down below $4,000, Ethereum Classic price fell from $42.96 to $16.53 in only a few days in January.
It struggled to return to the $40 level but failed to breakthrough. Though Ethereum Classic gained much support from the community, the ETC price went back to $4 at the end of this year.
Open price: $5.09; Close price: $4.49
Ethereum Classic prices fluctuated from $4 to $9 in the whole year.
At the beginning of January 2019, ETC was suspected of being attacked by double-spending. Even 51% of the Ethereum Classic obtained from the attack was returned on January 16 and the project has strengthened the monitoring, it did cause damages and ETC failed to make a price break.
Open price: $4.49; Close price: $5.66
In 2020, ETC continued the price trend of 2019. The second halving of Ethereum Classic in March 2020 helped the price of ETC briefly exceeded $10, but then returned to the level of $6.
Ethereum Classic Price History Summary:
|Year||Yearly High||Yearly Low|
Ethereum Classic Price Prediction
Originally started in 2016 as a split from the original Ethereum, there are key differences between Ethereum classic (ETC) and ETH 2.0. ETC is more conservative in terms of how the system is running, security, and how the difference in cost.
Currently, Ethereum Classic has a value of about $65 per coin, much lower than Ethereum. It has also followed a similar price trajectory as Ethereum. It reached a price of more than $100 at around the same time as Ethereum reached $4,100.
Ethereum Classic Price Prediction 2021
In the 4-hour chart, if the 2021 bull market trend continues, Ethereum Classic may reach $77 in the next few months. Otherwise, if the price of ETC fails to breakthrough, it will fall to the next support level of $60.
Therefore, the trend of ETC is based on breakthroughs.
Ethereum Classic Price Prediction 2025
The Average Directional Index (ADX) helps traders determine the strength of a trend, and whether the market is changing or whether a new trend is starting. Ranging from 0 to 100, a high value indicates a strong trend, and a low value a weak trend.
From the perspective of the ADX indicator, the below chart shows that it moves around the range of 55 currently, and has shown an upward trend recently, indicating that the bull trend is getting stronger.
Our long-term ETC price forecast for 2025 is bullish. It is very likely to exceed this year’s all-time high and breakthrough $200.
Ethereum Classic Price Prediction 2030
The price of ETH and ETC are loosely correlated. As ETH price increases, the ETC price prediction in 2030 would top $500. The benefits of investing in ETC are similar to ETH, as it is stable, supports contracts and new applications. Many investors see Ethereum Classic as a cheaper alternative to ETH, with many aspects being equal.
What Do Investment Agencies Say
Although Ethereum Classic is not a particularly good long-term investment for well-known forecasting platforms, after five years, its price will exceed $260 and may reach $300.
By the end of this year, Ethereum Classic may trade at $102, although it may fluctuate from $70 to $94.6 in the short term.
The price of Ethereum Classic may fall, but by the end of 2022, the upward momentum will strengthen and the ETC price will return to the $71 price level.
By 2024, it’s expected the Ethereum Classic price will surpass $198.
ETH Price Prediction & ETC Price Prediction Summary:
|Year||Potential High/Low||Potential High/Low|
Although all cryptocurrencies, including Bitcoin, Ethereum, and Dogecoin in the past month have taken a significant hit to their price. The future for the cryptocurrency market remains strong and shall rebound in the years to come. Cryptocurrencies follow a similar path as the stock market and the overall market increases and decreases in cycles. ETH and ETC have experienced a positive and negative cycle in 2021. However, the cycle is not over and could very well increase by the end of 2021.
One of the most beneficial uses of Ethereum and Ethereum Classic is they can be used to support business contacts and new applications. The majority of other cryptocurrencies cannot. Business contracts and applications have several different benefits to ETH and ETC. The benefits are stability, growth, and less volatility. Most importantly, use in business and as individuals look for ways to reduce their reliance on the rapid devaluation of their home country’s currency.
Cryptocurrencies rise and fall, experiencing higher highs and lower lows. But they will always remain on a positive increasing trend throughout the years. Currently, ETH and ETC are in a negative state which has happened after a significant increase. The prices of ETH and Ethereum Classic are still much higher than when the year started and could rise significantly by 2025 and 2030.
- How to buy Ethereum Classic?
Like many other cryptocurrencies, Ethereum Classic can be purchased and traded on crypto exchanges. It’s supported on Binance, Coinbase, Gate. io, etc.
- How high will Ethereum Classic go?
ETH is expected to break through its ATH in the next few years if the crypto market can keep this bullish momentum.
- Ethereum Classic vs. Ethereum: Which is the better investment?
By market capitalization ranking, ETH obviously is more attractive and enjoys a larger user base. The ETH 2.0 and the future road map marks it as a superior investment while ETC still has a long way to go.
- Will there be a new ATH for Ethereum Classic?
Compared with other cryptocurrencies, Ethereum Classic is outstanding and should be a good investment.
It’s likely to exceed the current ATH at about $176 by 2022 and bring many surprises for investors.
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