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. The team behind the ETC is highly diversified as the blockchain is handled by many segments like the development quarter, and funds. The difference between Ethereum and Ethereum Classic is not so prominent except in the community base and market cap. Due to the major part of the development team belonging to the Ethereum foundation, ETC has struggled to keep up with the advancement and feature development. Analyzing its performance for the past week shows that Ethereum Classic has fluctuated from $30 to lower values.
Is ethereum classic a good investment?
We don’t know. While ETC has been doing well over the past couple of months, there is nothing to guarantee that it will not decline into a tailspin at any point. Remember, you should always carry out your own thorough research before making an investment. Even high-market-cap cryptocurrencies have proved vulnerable to the current bear market, so investors should be prepared to make losses and never purchase more than they can afford to lose.
Then send the coins that you want to sell to the corresponding Anycoin wallet. It is restricted to being used in the USA, Afghanistan, Bosnia, Herzegovina, and the Democratic People’s Republic of Korea . Still, you will need to complete KYC for this, but some deposit partners allow deposit money using a visa or mc without KYC. Non-KYC users can still deposit & trade crypto pairs limit in 24h is $9999. Also, BNB native token is used to lower trading fees on the platform. Boost your trading impact and reaction time in over 80+ cryptocurrencies via instant access to your portfolio with the LiteBit app.
How much will Ethereum Classic be worth in 5 years?
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ETC is an open-source network that aims to provide decentralized methods for hosting and developing applications, conducting on-chain transactions without intermediaries, etc. It functions in a deflationary policy which means that the token was built to be more valuable than the parent coin Ethereum which has a fixed supply. This blockchain was also a result of the DAO hack on the Ethereum protocol, resulting in a hard fork that aimed to return the funds that were lost in the attack to the main addresses. Digital Coin Price is a price prediction website that is usually optimistic about most coins. The website suggests ETC prices could trade at a minimum price of $21.87, an average price of $46.57, and a maximum price of $53.74.
Virtual currency / EUR charts
In fact, it has sustained momentum and consistently performed as said before till the recent https://www.beaxy.com/currency market crash. According to the technical analysis of Ethereum Classic prices expected in 2023, the minimum cost of Ethereum Classic will be $27.23. Ethereum Classic is a decentralized platform that operates on the blockchain network and provides a distributed computing platform to its users. However, due to a devastating hacker attack from a third-party project, the Ethereum foundation was forced to create a new platform that erased all traces of the DAO theft from the Ethereum blockchain history. The foundation inserted their logo in the newly created platform while the former was renamed to Ethereum Classic.
Hey #NFTCommunity, what network to you prefer to buy/sell #NFTs and why? #SOLANA, #EthereumClassic, #BinanceSmartChain or some different?#SolanaNFTs #ethereumNFTs #BinanceSmartChain #NFTs
— BallStatuesOfSpecialDate (@BallStatues) February 7, 2022
Ethereum Classic and Ethereum have the same basic functionality. Ethereum is the new blockchain created after the hard fork while Ethereum Classic is the original Ethereum blockchain. The two networks have different technical roadmaps and upgrades to Ethereum don’t affect Ethereum Classic. The higher the demand the higher the price, while the value of Ethereum Classic would decrease in the case of negative sentiment, bearish market cycles, negative trends, and major market dips.
Ethereum Classic Price Prediction 2029
It reached an all-time high of $176.16 on 6 May 2021, then dropped back sharply as the market crashed. As with other crypto prices, ETC bottomed out on 22 June, dropping to a low of $32.51. The price had fallen to $0.75 by November 2016, where it bottomed out. A subsequent crash took the price back down to $3.76 by December 2018. Once Ethereum Classic price prediction runs fully on the PoS rails, miners will have two options.
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But even though the two coins initially had the same future supply projections, differences came about over time as each coin evolved. That is supposed to make ETC a better store of value than Ethereum, because its tokens are scarcer. These coins and tokens are similar to Ethereum Classic in terms of transaction volume and market capitalization.
How is Ethereum Classic different from Ethereum?
If we take a peek at the market cap of Ethereum Classic, it is estimated to be $3,555,272,274. The 24-hour trading volume shows hope for this coin as activity has grown. Its value has grown to $389,907,192.The circulating supply of this coin is 133,400,747 ETC. Remember, you should always carry out your own thorough research before making an investment.
For those investors who wanted to exit the DAO, the so-called “Split function” exposed an enormous loophole in the whole system. Instead of simply requesting a refund, the hacker launched a recursive function that repeated the request before the initial transaction was registered on the blockchain. Like Ethereum, Ethereum Classic makes it possible to issue ERC-20 standard tokens. Ethereum Classic, however, is incompatible with updates to the Ethereum network, such as the Ethereum Merge.
Ethereum Classic Price Prediction 2023-2032: Is $ETC Going Up?
The versatile range of cryptocurrencies offered a plethora of advantages to investors. The renowned cryptocurrencies like Bitcoin, Ethereum, BNB had their own benefit bandwagon to promote. Before we dig into Ethereum Classic price prediction, let us have a ETH look at some of the unique features of Ethereum Classic.
#LunarOpinions How do you feel about Ethereum Classic today?
34.86% Buy
21.09% Hodl
21.38% Sell or avoid
22.71% No opinionData represents opinions given on LunarCrush over the last 24 hours.https://t.co/7OkgONfe2i
— Rizal’mprof’Budi (@profdrughi) February 18, 2022
One is at liberty to go for encryption before one disseminates it on the network. However, the last year brought a lot of good for Ethereum Classic. The year 2022 might have seen the ETC price hovering between the range of $13 to $49.
- In June 2016, members of the Ethereum community began an intense debate over a potential hard fork, or split, after a hack of the decentralised autonomous organisation that resulted in the theft of 3.6 million ether coins.
- After the analysis of the prices of Ethereum Classic in previous years, it is assumed that in 2024, the minimum price of Ethereum Classic will be around $39.66.
- Our Real Time Exchange for best prices and live price analysis chart will Give Wings to Your Crypto Trading Journey.
- Ethereum Classic has a lot of potential and is considered one of the most profitable cryptocurrencies for long-term investments.
- The launch on Ethereum mainnet was a respite for investors who have been long waiting for it.
- The start of 2019 was bearish as well for Ethereum Classic with lows of around $3 in January.
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- ETC is an excellent Investment as the chances of exceeding the all-time high in the future are high as more and more developments are made.
- Remaining on the blockchain would have meant that investors weather the economic effect of the DAO, but the bailout was commenced and investors made whole, by moving to the new blockchain.
- Its price then touched an all-time low in July, dipping to $0.61.
- The pair has been trading sideways since late February, and a break below $20.35 could open the way for a deeper sell-off toward $17.50 or lower.
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. Ethereum Classic price went through a rebound in April, recording 51% gains and a new monthly high at $22.