It is not a secret that cryptocurrencies are booming and so are the number of investors. The volatile prices of cryptocurrencies have made it hard for many people to choose which cryptocurrency to invest in. Several factors determine the price of Ethereum Classic (ETC). In this article, we will discuss what these factors could be, how they affect ETC’s price, and what future predictions can be drawn from them.
What is Ethereum Classic (ETC)?
|Market Cap||$8,825,797,800 USD|
|Trading Volume||$2,903,954,255 USD|
|Volume / Market Cap||0.3294|
|Circulating Supply||129,136,698.17 ETC|
|Total Supply||210,700,000 ETC|
Ethereum Classic is an open-source, public, decentralized blockchain that uses smart contract functionality to facilitate the trading of information and assets. It provides a value token called the classic ether (ETC). The Ethereum platform was initially proposed by visionary programmer Vitalik Buterin in 2013 as a new type of “decentralized mining network” and “smart contract platform.” Despite being one of the most popular decentralized exchanges in the cryptocurrency market, ETC has been gaining momentum during the last few months.
ETC Coin Price Analysis Trend
The price of Ethereum Classic is experiencing a bullish trend. The coin has shown an impressive increase in its value, and it can be said that the future prospects are very positive for ETC coins. In what can only be described as a roller coaster ride, Ethereum Classic (ETC) has experienced an incredible ascent in prices and then followed up with another equally significant drop. Between October 2017 to December 2018 the price of ETC surged from $10 until it reached highs above $40 just one year later. Regardless of this volatility, many traders and investors seem determined to hold their coins instead of selling them – which could lead to some interesting moves in ETH/USD going forward.
Ethereum Classic Price Prediction 2021
The year 2020 was a game-changer for most of the cryptocurrencies, including Ethereum Classic. World economies somersaulted in light of the Pandemic as did ETC’s price value. This belief has been sustained up until this very moment with predictions starting to lean towards optimism instead of pessimism and traders/investors betting on its long-term growth predicted future prices demonstrating that it will remain quite encouraging and jump to the $120 mark by the end of 2021.
Ethereum Classic Price Prediction 2022
In an optimistic prediction, it is expected that in the next year (2022) we will see a bullish trend for Ethereum Classic. Even though there are some ups and downs, what stays clear is ETC price movement has lessons to learn from its predecessor ETH which recently reached $179 per coin following the receding Pandemic scenario of 2019-2020.
Ethereum Classic Price Prediction 2025
. Ethereum Classic’s long-term price could surpass a massive $270 price point. ETC is a hard-fork containing the original elements of the Ethereum blockchain. It presents a very bullish story for ETC. Mass adoption has been on an incline with prices predicted to rise above $270 by 2025- a max price increase was never before seen in all history of cryptocurrency trading due to its stability during such times when many coins have dropped drastically or had pump surges only for them to drop again.
Should you invest in Ethereum Classic Right Now?
If you are looking for a stable coin with potential upside, then Ethereum Classic might be an investment option worth considering. It is not as volatile as other coins so it may be considered less risky from that perspective. It also has a strong community of developers and investors.
The price movement over recent months indicates that it could be a good idea to invest in Ethereum Classic before prices rise significantly more. Ethereum Classic is a promising investment in the coming years due to its strong community and solid development team.
How can you invest in Ethereum Classic (ETC) on Mudrex?
Mudrex is a new-age algorithmic bot marketplace that has been bringing 100% automated trading to everyone. The platform, which is extremely easy to use and requires no technical knowledge from the user end, allows users to access some of the best crypto algos in existence through their service. These bots are built by top experts themselves who have made sure they’re not only profitable but also reliable for you as an investor with extensive experience!
It is extremely easy to use, and you can start investing in just a few clicks. Here’s how to invest in Ethereum Classic with Mudrex:
- Create/ Login to your Mudrex account;
- Connect the desired exchange with API keys;
- Choose the Bitcoin bot you want to invest in and select the amount;
- Pay the platform fee, and you are all done.
Let your trades work on autopilot. Get consistent returns with Mudrex.