Ethereum Classic (ETC) is a decentralized blockchain network that operates on smart contracts. It is open-source and distributed.
It was initially formed in 2015 and ran as a Decentralised Autonomous Organisation (DAO).
DAO was hacked in 2016 and most of the funds were stolen by hackers. After hacking a majority of the investors were of the opinion that they should work towards reversing the effects of hacking.
However, a few of them did not accept the reverse due to the inherent security threats. They continued their operations under the name Ethereum Classic and the others formed a new platform called Ethereum.
What is an ETC Token?
ETC is the native token of the Ethereum Classic blockchain. This token allows the participants of this platform to own and stake governance rights.
The holders of this coin are entitled to special rights to vote for changes or innovations on-chain.
The current market status of ETC tokens is given below.
Current Market Price: $27.56
Market Capitalization: $4,050,948,021
Fully Diluted Valuation: $5,807,362,877
24 Hour Trading Volume: $163,154,960
Circulating Supply: 146,974,584
Total Supply: 210,700,000
Maximum Supply: 210,700,000
Ethereum Classic (ETC) Price Prediction 2024–2030
The current market price of Ethereum Classic is $27.56. As per the market trends and current prices, crypto analysts have predicted the future price of ETC.
The short-term price prediction of ETC from the period May 2024 to December 2024 is shown in the table below.
| Year | Yearly Low | Yearly Average | Yearly High |
| May 2024 | $35.02 | $37.66 | $40.29 |
| June 2024 | $42.27 | $45.45 | $48.63 |
| July 2024 | $38.55 | $41.45 | $44.35 |
| August 2024 | $40.76 | $43.83 | $46.90 |
| September 2024 | $42.98 | $46.21 | $49.45 |
| October 2024 | $45.19 | $48.60 | $52.00 |
| November 2024 | $47.41 | $50.98 | $54.55 |
| December 2024 | $49.63 | $53.36 | $57.10 |
The long-term price prediction of ETC for 2024-2030 is given in the table below.
| Year | Yearly Low | Yearly Average | Yearly High |
| 2024 | $44.60 | $55.74 | $66.89 |
| 2025 | $91.57 | $114.46 | $137.35 |
| 2026 | $188.00 | $235.01 | $282.01 |
| 2027 | $386.01 | $482.52 | $579.02 |
| 2028 | $792.57 | $990.71 | $1188.86 |
| 2029 | $1627.33 | $2034.16 | $2440.99 |
| 2030 | $3341.26 | $4176.58 | $5011.89 |
The price rise is expected to be 406.96% in 2025 and 299.85% in 2030.
The general market sentiment of ETC is bullish. 23 technical analysis indicators show bullish trends while 6 technical analysis indicators show bearish sentiments.
The 50-day SMA and the 200-day SMA of ETC are $29.50 and $24.98.
Where and How to Buy Ethereum Classic (ETC)?
You can buy Ethereum classics from any centralized crypto exchange such as Gate.io, Digifinex, and MEXC.
If you are planning to buy ETC and thinking about how to buy it, follow these steps.
- Select a crypto exchange where you intend to buy ETC. Create an account on the exchange by providing the necessary details.
- Select a payment method with which you can conduct safe transactions. It can be either a crypto wallet, credit card, debit card, or bank transfer.
- Next, choose ETC from the options on the purchase page and click the buy option.
- Enter the amount for which you want to buy ETC. Complete the transactions.
- You will see that the ETC you purchased has been credited to your account.
- Make sure that you store it in a safe place such as a cold wallet or hardware wallet, away from all security threats.
Will you Gain from Investing in Ethereum Classic (ETC)?
The price prediction data of Ethereum Classic for 2024–2030 shows a promising trend that favors potential buyers.
The market outlook is bullish. The 50-day SMA and 200-day SMA show that ETC will trade at a profitable rate both in the medium term as well as short term.
So, it is advisable for any prospective investor to invest in Ethereum Classic. However, you should not forget the fact that cryptocurrencies are volatile and subject to market risks.
So you should make informed decisions by considering the market trends, performance history, and on-chain innovations of ETC.
