The crypto world is constantly flourishing every day worldwide. All the crypto companies are continually making efforts to become the best and scale the highest with relentless efforts and improvement in their features and strategies. They want to become the world-leading and best competitor for fellow crypto projects. Bitcoin, Ethereum, and Stellar had their benefit hype train to promote among other well-known cryptocurrencies.
There is still the issue of accessibility, transparency, and high transaction fees to contend with. Ethereum Classic (ETC) is one of them. These projects have been in the market for the past few years. They have gained much attention and popularity from investors and crypto users. Are you the one who has invested in Ethereum Classic, and now what’s to know the future price prediction? Then this article is perfect for you. Here, we will discuss ETC more in detail, including how it works. But most importantly, we will see the Ethereum price prediction, particularly in 2025.
What is Ethereum Classic (ETC)?
Ethereum Classic (ETC) is a blockchain-based cryptocurrency. It is an open-source and decentralized platform introduced to the world in 2016 due to the hack of the network. The Ethereum network was split into Ethereum (ETH) and Ethereum Classic (ETC), as it experienced a hard fork. Approximately $50 Million worth of stocks were invaded.
The older one is Ethereum Classic, and the newer one is Ethereum. ETC is often mistaken as Ethereum, but actually, they are two completely separate cryptocurrencies with different technologies, goals, and strategies. Ethereum Classic, like Ethereum, is a decentralized computing system that is highly capable of running a wide range of applications.
While Ethereum Classic is one of the most valuable cryptocurrencies, its market capitalization is lower than Ethereum. Because the Ethereum Classic network is permissionless, anyone with a compatible crypto wallet can quickly join and perform transactions.
How does Ethereum Classic work?
Ethereum Classic makes it easier to use smart contracts, which can be done by allowing it for decentralized governance. There is no need for a third party to intrude in between like a lawyer. In the smart contract, some lines of code are the agreement between a buyer and a seller. These contacts are automatic or self-executing, so there is no need to manually keep an eye or monitor.
Users of Ethereum Classic pay fees in ETC to execute smart contracts, similar to Ethereum and its native unit ETH. It’s like fuel to the whole process to keep it running. Unlike Ethereum’s migration to a new system, “proof of stake,” Ethereum Classic sticks to its traditional mining strategies on its blockchain.
As new blockchain blocks are added, ETC is issued to the circulating supply to reward miners. “Code is Law” is the rule that Ethereum Classic follows. People stayed on the old cryptocurrency and renamed it Ethereum Classic, also known as ETC, stating that blockchains cannot be bent according to human whims.
ETC Price Prediction in 2022-2025
Many reports and analysts have predicted the price of Ethereum Classic, but they can’t be accurate 100%. We cannot expect the price to increase year by year every time. The prices have gone up and down way too much, and it’s now difficult to predict the future. But according to the previous data and analysis, we can see the expected price in the following years.
ETC Current Price
ETC Price Prediction in 2021
Early in the days when the ETC split in 2016 due to hard fork, the price was at its bottom, worth only $2.08. But, then suddenly the crypto took a drastic change and gained an incredible hike by reaching $80 at the end of 2017. However, in 2020, the world faced a severe pandemic and called a worldwide emergency as the virus covid 19 was at its peak. The crypto industry performed poorly, and the price dropped again.
In mid-2021, ETC wanted to implement new and different features by releasing Berlin hard fork called Magneto. This feature helped the ETC regain its place in the crypto industry and mark it again. By the end, If the currency’s strategies work best for them like currently, then it might overtake $40.09 by the end of 2022 for sure.
ETC Price Prediction in 2022
Currently, the market price is $26.84, but by the end of March, the price will reach $27.66. We can predict from the current stats that till the end of September 2022, the prices of ETC may come close to $35.27. As in April 2022, it might lose -30.2% and -24.8% in October. However, this loss may decrease to -0.6% until the end of December 2022, making it $37.13 by the year-end. If the prediction comes out to be accurate, then the prices may reach $59.65 by the end of 2023. The cost of Ethereum Classic is entirely dependent on how the overall market performs and the price of Bitcoin.
ETC Price Prediction in 2023
If that Ethereum Classic prediction is correct, the ETC blockchain will reach a steeping price of $37.13 by the end of 2022. We can predict from the current stats that till the end of January 2023, the prices of ETC may reach close to $38.97. As in March 2023, it might face a hike in estimated costs of $42.92. Prices will fall again in April.
The predicted price will gradually keep increasing till August. However, this might face a loss, and costs get decreased until the end of December 2023, which will make it $37.00 by the year-end.
ETC Price Prediction in 2024
If that Ethereum Classic prediction is correct, the ETC blockchain will reach a steeping price of $37.00 by the end of 2023. We can predict from the current stats that till the end of January 2024, the prices of ETC may reach close to $37.05. From January till March 2024, the price will be almost constant. But from April 2024 till May, it might face a hike in estimated prices which will be $57.20. Prices start falling again afterward.
Then in September predicted price will gradually increase to $56.98. However, this might face a significant loss, and costs get decreased until the end of October, making it $38.57. The price will stick to $55.59 by the end of 2024. Furthermore, the Ethereum price is expected to double in 2025, according to the Ethereum forecast.
ETC Price Prediction in 2025
Remember that the crypto industry is highly volatile. You can never predict what will happen next. As a result, indicating the ETC price is frequently difficult whether it takes flight or lands at the bottom of the sky. If that Ethereum Classic prediction is correct, the ETC blockchain will reach a steeping price of $55.59 by the end of 2024. We can predict from the current stats that till the end of January 2025, the prices of ETC may reach close to $62.64.
The prices will keep increasing and decreasing every month but will remain more than $45.00 for the whole year. In February, the price will fall to 47.87; this might be the lowest predicted price for the entire year. But in March, it might face a hike in estimated prices which will be $59.80. Prices start falling again afterward. In May, the year will have the highest predicted price of $60.49. Then in August, the predicted price will gradually decrease to $50.92.
However, this might face a significant loss, and costs get reduced to the end of the year, and the price will stick to $52.93. It’s even more challenging to make a long-term prediction based solely on the current market rate.
FAQ 1: What is the Future Potential of Ethereum Classic?
That is to say that ETC isn’t a better investment. If you’re looking for a long-term investment in crypto, then stop your search because Ethereum Classic is the best option because it’s expected to be 250%+ in the current value by 2022.
However, with continued technological advancements and feature updates, the ETC ecosystem will continue to dominate the crypto market, and we may see a peak in ETC by the end of 2025. The predicted prices are mentioned above. Ethereum Classic is the best option to invest your money on currently.
FAQ 2: Where to purchase ETC Coins in 2022?
You have a lot of options when it comes to purchasing cryptocurrency. Fortunately, you can buy Ethereum Classic through various apps and websites like Kraken, Binance, and many others. First, you need to have an Ethereum Classic Wallet like Ledger, Trezor, Coinomi. Then the next step is to locate your ETC address. Search for a suitable ETC exchange for yourself (Coinbase). The next step is to buy that ETC and withdraw it.
Ethereum Classic has tremendous future potential for investors and great profit. Finally, ETC can be useful for anything impossible with any other cryptocurrency. Ethereum Classic’s current price is $27.66. In the entire crypto ecosystem, ETC is currently ranked 1. By the end of 2025, the predicted price will be around $52.93.