Ethereum Classic is the original Ethereum token, based on the smart contracts method, which enables the developers to operate the application efficiently, with enhanced security. ETC is a consequence of Ethereum hard fork and is one of the best accomplishing digital assets till now. Although it experienced 51% attack a couple of months back either due to chain improvement or double spends where it’s valued fell by around 90 %, it revived again to its original position. One more reason why the investors can stay unworried about this coin is that no more forks are going to happen to this digital coin, which even indicates that the price of the crypto is retained. Ethereum Classic has been considered “blue-chip” crypto, which means it can give so much of return, you don’t require to think of any other smaller cryptos.
What is Ethereum Classic?
Right after the decentralized exchange secret organization was asked, ETH was forked to give growth to Ethereum Classic. ETCc is a blockchain-based open-source computing program, having smart contract functionality, which was started in 2015. Ethereum Classic came into existence when some of the members of the ETH community didn’t support the hard fork on the grounds of immutability. On October 2016 ETC experienced a technical hard fork to adjust the internal value running on Ethereum Virtual Machine. In July 2016, more specifically at block 1,920,000 the hard fork was being executed, where the chains were divided into two, and since then they have been acting independently. Ethereum Classic became a parallel blockchain, where in opposition to Ethereum the stolen funds were never returned to their owners.
Market Prediction For Ethereum Classic
The market is quite enthusiastic about ETC and its potential to improve in the future years. Let us see at what several websites have got to say about ETC price forecast and its value.
#1 Bein Crypto
Bein Crypto is a crypto forecast website which foretold that by the close of 2019, ETC may be 10X more than what it is now and might even reach the $50, $100 by 2020 and might touch $200 in 5 years, which might give fierce competition to its parent, Ethereum.
#2 Long Forecast
Long Forecast is concentrated in giving a stable prediction. It has yet again provided a pessimistic bearish prediction for ETC, stating that Ethereum Classic might go down to around $2, which is almost half of what it is today.
#3 Digital Coin Price
Digital Coin Price divined that by the end of 2020, Ethereum Classic might reach $6.56, which is not at all an unlikely scenario.
#4 Trading Beasts
Trading Beasts also gave a conservative, yet realistic forecast, where they declared that by 2019 end, ETC might touch as high as $27.15 and as low as $18.46.
#5 Wallet Investor
Wallet Investor gave the most bearish foresight ever, where they declared that by the conclusion of 2019, Ethereum Classic might fall to as low as $0.272.
Ethereum Classic Price Prediction 2019
After the 51% attack on ETC system, where the attackers rented the hash power, which is required to manage the network, Metronome (MET) released an update that it would generate contracts for expanding on the Ethereum Classic (ETH) system so that the transactions can be guarded. Very lately, ETC Labs even introduced an ETC community team, which would be operating on core ETC projects, wherein it would present tools for decentralized applications development and supporting its blockchain services. These all improvements gave ETC reasons to rise from the ashes, and maintain its security. By the conclusion of 2019, ETC might touch around $35, which would give it a significant boost.
ETC Price Prediction For 5 Years
In 5 years time frame, Ethereum Classic may reach newer heights and breakthroughs. It might be recognized as one of the top 10 cryptos in the world, and might give fierce competition to the leading cryptos. Ethereum Classic would earn higher in adoption all across the globe and even in partnerships around the world. By the close of 2023, ETC might touch $114.842.
Disclaimer: This feature should not be exercised as, and is not designed to provide, investment advice. Coinpriceprediction and its affiliates, employees, and writers give information about the coin with careful analysis. Please conduct your thorough study before funding in any crypto.