Ethereum Classic Price Prediction 2020 | 2025 | 2030 – ETC Future Forecast (December 13)

Short-term price analysis:

Overall market capitalization behavior

After moving rapidly down and up, the market has been trending sideways for almost a week. But this sideways trend seems to be sloping south as total market capitalization depreciates daily.

It all started when the market began to lose ground and drop well below its market cap of $ 200 billion, it bounced back to $ 210 billion, and eventually settled at the $ 200 billion level. At the moment it has fallen below that threshold as it stands at around $ 197 billion.

On a note, the following total market cap figures are from Tradingview and are approximately $ 8 billion different from the CMC data.

Total market cap fell almost to our forecast zone of $ 162 billion – it dropped to $ 170 billion on Nov. 25, before bouncing back (data from Tradingview). In the upswing, the market touched the $ 205 billion zone and rebounded from it to another low of $ 191 billion before slowly losing ground to the current $ 189 billion.

Right now, it’s an inch above the key support level of $ 187 billion. This is a critical figure – if we lose the battle for it, there is another drift to the $ 160 billion at stake.

I would argue that the total market capitalization chart is the most important one to look out for as it is a leading force and directional guide for all coins, including Bitcoin.

As you can see below, the Fear & Greed Index is deep in the zone of extreme fear. There is still a very good chance that we will actually lose another $ 30 billion in value before we can speak of an actual reversal.

Latest crypto fear and greed index

ETC / USD price analysis

Our analysis from just under a week ago is still valid and reads:

ETC sits in a clear channel between two levels: $ 3.54 and $ 4.43, which happen to be two Fib levels (high-low swing August-November). Given that we expect the overall market to drop a leg down, ETC will most likely also hit the USD 3.54 support before we can expect a rally north.

Below is our long-term ETC price prediction.

Ethereum Classic is currently recovering from the turbulent year 2018. The year 2019 also started bumpy. What is the Ethereum Classic price prediction for the coming years? Will ETC fight back and regain its former glory? Will they be able to catch up with their big brother?

What is Ethereum Classic?

For the price prediction of Ethereum Classic it is necessary to get an overview of the project. Ethereum Classic (ETC) is the original Ethereum token. It is based on the Smart Contract System introduced in 2015. The hard fork and the division into the two blockchains Ethereum and Ethereum Classic took place after the controversy over the Ethereum DAO hack. Hackers discovered a loophole in the DAO smart contract and were able to steal around a third of the tokens. That was equivalent to over 50 million US dollars at the time.

Although the stolen tokens were stolen from the DAO fund, they were not lost. A clause in the smart contract stipulates that payouts are initially blocked for 28 days. This gave the community time to decide what to do next. A hard fork provided an opportunity to undo the hack and get the money back. Much of the community and developers have opted for the hard fork, including Ethereum co-founders Vitalik Buterin and Gavin Wood. Few refused as it would be a violation of blockchain ideology and too convenient a solution. Even so, the hard fork was executed in July 2016.

Ethereum Classic Price Prediction: These factors affect the price

With a market capitalization of around $ 500 million, ETC currently ranks 23rd. Like many others, the cryptocurrency suffered in the crypto winter 2018 and lost a lot of its value.

ETC vs. ETH: The technical fundamentals of ETC and ETH hardly differ so far. Both have the same code base. The biggest and perhaps crucial difference is the financial support and the community behind the projects. Ethereum has a clear advantage here because it is supported by the Ethereum Foundation and almost all prominent blockchain leaders have chosen ETH. Ethereum Classic is therefore less advanced, has significantly fewer published DApps, a lower hashrate and, with the small community, less trading activity than its big brother. Because of this, it will probably never match Ethereum’s success.

Atlantis Update: Ethereum Classic has been working on the Atlantis update for some time. The update aims to prevent further attacks and hacks as ETC has made some profits on Ethereum. Atlantis is a continuation of the actual ETH blockchain. This step is so critical to the Ethereum Classic forecast because it would make it easier to migrate dApps between the two networks. The Atlantis activation took place on September 17th, 2019. At the same time, the ETC developers are working on further technical updates that are intended to increase scalability, compatibility and simplify usability for developers.

Ethereum Classic forecast 2019-2025

The assessments of different platforms and forecasting methods regarding the Ethereum Classic forecast are very different. The following forecasts are intended to provide a representative picture of long-term price developments:

Wallet investor: For the well-known forecasting platform, ETC is not a particularly good long-term investment. The average price will be $ 4.89 by the end of 2019. The situation will not improve in the years to come. By 2024, an ETC could be worth $ 0.36.

Changelly agrees with parts of this assessment. They indicate that Ethereum Classic has also been extremely volatile in the past. The price can be subject to strong fluctuations within a day. This is acceptable for traders looking to trade for the short or medium term. For people who want to invest in the long term, the strong price fluctuations are too great a risk.

Coinpedia: Here the experts are particularly focusing on the upcoming updates. They are designed to improve functionality and security. In addition, it promises interoperability and compatibility with other blockchains such as Ethereum (Ethereum forecast). This could have a positive impact on the Ethereum Classic forecast, according to Coinpedia. A value of $ 34.25 per ETC would be feasible by the end of 2019. Over the next five years, it is estimated that the token could make the leap into the top 10 cryptocurrencies, rising to $ 114.84 by 2024.

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