ETC is an open-sourced Blockchain-based platform that allows smart-contracts and has a Turing-complete programming language. Ethereum Classic came into life after Ethereum hard fork that took place in 2016 after The DAO collapse. The Ethereum Classic is the primary Ethereum Blockchain approved by the people who believed in the core policies of Ethereum like the immutability of Blockchain and “code is law.” They doubted the necessity of a hard fork to fix the loss after someone exploited The DAO vulnerabilities.
Ethereum Classic Price Prediction
The turning point of Ethereum Classic was on 1 October 2017 with $11.2 with 212.5%. Then in December, the ETC has reached $35USD within three months. There is mainly two different versions of ETC that is Ethereum’ (ETH), Ethereum Classic (ETC). The market cap of Ethereum Classic currently covers around $1.7 billion. The ETC is on the list of top 20 cryptocurrencies by market cap. The main reason why the ETC is a good investment option is resilience, liquidity, investment capital, immutability. The current price of ETC is around $12. The prediction for this calendar year that is 2018 is about $30. The estimation for the coming five years is approximately $100. Thus, whichever way investors see it, the appreciation which is projected is pretty abundant.
Ethereum Classic Price Prediction 2018
Ethereum Classic can be a profitable investment option. ETC price equal to 9.712 USD at 2018-10-23. If you buy Ethereum Classic for 100 dollars today, you will get a total of 10.297 ETC. Based on our forecasts, a long-term increase is expected, the price prognosis for 2023-09-28 is 52.377 US Dollars. With a 5-year investment, the revenue is expected to be around +432.5%. Your current $100 investment may be up to $532.5 in 2022. ETC price today is $9.712 and have the current supply of 105,484,966 ETC. The market cap value is $1,186,256,111, and the volume is marked as $188,227,166.
Ethereum Classic Partnerships
When it comes to essential partnerships, the ETC team is very choosy; it looks to partner with platforms that have an excellent reputation and especially, secure ones. This explains why it has lately partnered with Zeniex, an honored exchange based in South Korea. This partnership will see ETC enter the Asian market under a memorandum of agreement already inked between the two. With the growing following of the coin in Asia, breaking even is in sight. It has also declared a new partnership with a multi-coin wallet provider; CoinPayments. This outlay will support the coin in the processing of payments. This is a massive boost for ETC since the partner platform receives over 450 digital assets and this will improve EC pairing.
Better ICO regulation will be a huge boost to the ETC blockchain
The SEC began a FinTech portal to help it interact better with partners in the FinTech ecosystem. This hub will play a significant role in facilitating beneficial innovations to grow and thrive. One of these innovations is none other than ICOs. ICOs have so far been mostly chaotic, but the SEC is looking forward to regulating them in a way that helps them thrive while protecting investors. This regulation will be a massive boost for ETC in the coming days.
If you’re looking to finance in Ethereum classic, It can be a valuable investment option, but you have to take advise from the specialists before you fund in this crypto. Currently, the price appears to be flowing around positive levels, and you can think about financing at the current prices. If you’re willing to continue for an extended period, you will be able to get good returns from these levels. But this cannot be accurate; the market keeps fluctuating now and then. So before investing in ETC investors have to study the currency and then go for it properly.
Disclaimer: This feature should not be exercised as, and is not designed to provide, investment advice. Coinpriceprediction and its affiliates, employees, and writers give the information of the coin with careful analysis. Please conduct your thorough study before funding in any crypto.