Introduction
Ethereum Classic (ETC) is a decentralized, open-source blockchain that preserves the original Ethereum code following the hard fork caused by the DAO hack in 2016. Known as the “immutable” Ethereum, ETC prides itself on sticking to the principle of code permanence. With a fixed supply and a solid infrastructure for deploying smart contracts and decentralized applications (dApps), Ethereum Classic has secured its role as a foundational blockchain in the crypto ecosystem.
ETC Current Price State
As of October 2024, Ethereum Classic (ETC) is trading at 18.82 USD, or approximately 1582 INR. Over recent months, ETC has shown strong market performance, supported by increased interest in decentralized applications and blockchain transparency. Ethereum Classic’s enduring commitment to immutability and smart contract capability has fostered a robust community, helping to stabilize and increase its value.
ETC Circulating, Total, and Max Supply
- Circulating Supply: 149.33 million ETC
- Total Supply: 210.70 million ETC
- Max Supply: 210.7 million ETC (fixed)
ETC Technical Indicators and Fundamentals
| Technical Indicator | Current Status | Interpretation |
|---|---|---|
| Relative Strength Index (RSI) | Neutral (40-60) | Indicates balanced momentum, with no overbought or oversold signs. |
| Moving Average Convergence Divergence (MACD) | Bullish crossover | A bullish MACD crossover suggests positive momentum for ETC. |
| Exponential Moving Average (EMA) | Near 50 EMA, testing 200 EMA | Trading near the 50 EMA supports short-term bullish potential, while the 200 EMA could present resistance. |
| Volume | Steady and increasing | Rising trading volume shows market confidence in ETC’s resilience. |
| Price Action | Ascending channel pattern | ETC is consolidating within a falling wedge, with potential for a breakout if demand strengthens. |
ETC Price Action and Channel Analysis
ETC’s price action on the daily time frame indicates support around $15.00, with potential resistance around $30.00. Ethereum Classic is trading within a falling wedge signaling a potential for upward momentum, particularly if it breaches the 200 EMA. The 200 EMA may serve as an additional level of resistance, possibly leading to a retest before a sustained breakout. With increased dApp adoption and demand for immutable blockchain solutions, ETC has promising technical indicators supporting its growth trajectory.
ETC Fundamentals for Long-Term Price Prediction
| Aspect | Details | Evaluation |
|---|---|---|
| Founders | Ethereum Foundation and developers who opposed the hard fork | Aligned with Ethereum’s original principles, solid team |
| Tokenomics | 210.7 million max supply | Deflationary tokenomics with a fixed supply |
| Whitepaper | Vision for unalterable blockchain and dApp deployment | Dedicated to core blockchain principles |
| Team | Decentralized developers and community-driven governance | Community-led with resilient development support |
| Project | Immutability-focused blockchain for smart contracts | Strong differentiation within the blockchain landscape |
| Funding | Sustained support from community and mining incentives | Community funding ensures development longevity |
| Blockchain Use Case | Secure, immutable smart contracts and dApps | Ideal for projects requiring blockchain transparency |
| Roadmap | Continued upgrades and EVM compatibility | Focus on stability, security, and ecosystem support |
| Price | Stable with gradual upward trend | Steady growth driven by core blockchain values |
| Volume | High liquidity across multiple markets | Significant market presence supports trading accessibility |
ETC Price Targets from 2024 to 2030
| Year | Bearish Case (USD) | Bullish Case (USD) | Remarks |
|---|---|---|---|
| 2024 | $15.00 | $35.00 | Adoption in dApp and DeFi sectors could enhance ETC’s utility. |
| 2025 | $25.00 | $50.00 | Rising demand for immutable chains could attract more developers. |
| 2026 | $35.00 | $60.00 | Wider adoption and industry partnerships may drive sustained growth. |
| 2027 | $40.00 | $75.00 | Increased enterprise integration and dApp scalability. |
| 2028 | $50.00 | $90.00 | Enhanced stability and security could boost ETC’s market appeal. |
| 2029 | $60.00 | $100.00 | Broader adoption of blockchain technology in mainstream sectors. |
| 2030 | $70.00 | $125.00 | ETC’s fixed supply and immutability ethos could reach peak demand. |
ETC Price Prediction for 2024
In 2024, ETC is expected to range between $15.00 and $35.00. Increased adoption of Ethereum Classic in sectors valuing transparency and immutability will likely drive growth, with bullish technical indicators supporting upward momentum. The community-driven commitment to blockchain principles could also foster a broader user base in the DeFi and dApp landscapes.
ETC Price Prediction for 2025
By 2025, ETC could trade between $25.00 and $50.00. Ethereum Classic’s fixed supply and unique positioning as an immutable blockchain platform may attract more developers and businesses seeking long-term stability and decentralization. This year may also see growing institutional interest in ETC, especially in sectors valuing permanent, censorship-resistant applications.
ETC Price Prediction for 2026
In 2026, ETC’s price might reach between $35.00 and $60.00. As institutional interest builds and blockchain technology becomes more widely adopted, Ethereum Classic could see a surge in utility. Enhanced security and developer-focused upgrades could bolster ETC’s value further, positioning it as a resilient and stable platform.
ETC Price Prediction for 2027
By 2027, ETC’s price is forecasted to be between $40.00 and $75.00. As Ethereum Classic’s ecosystem matures and integration into enterprise solutions progresses, ETC’s value could increase significantly. The blockchain’s emphasis on immutability may attract enterprises requiring permanent record-keeping and smart contract deployment.
ETC Price Prediction for 2028
In 2028, ETC could range between $50.00 and $90.00. Broader market acceptance, along with developments in blockchain technology, could provide ETC with the momentum needed to reach new price highs. Ethereum Classic’s established market reputation as a secure and decentralized platform could further support growth.
ETC Price Prediction for 2029
By 2029, ETC’s price is projected to be between $60.00 and $100.00. Increased usage of blockchain technology across various industries, coupled with ETC’s fixed supply, could provide significant upward momentum. With expanded adoption and use cases, Ethereum Classic’s position in the market may continue to strengthen.
ETC Price Prediction for 2030
In 2030, Ethereum Classic could trade between $70.00 and $125.00. As decentralized applications and smart contracts become integral to the web3 landscape, ETC’s immutable, fixed-supply blockchain may see peak adoption. This projected increase reflects Ethereum Classic’s unique position as a resilient and principle-focused platform.
Conclusion
Ethereum Classic presents a strong case for long-term growth, underpinned by its commitment to immutability, developer flexibility, and robust smart contract functionality. Both technical and fundamental analysis point to ETC as a resilient asset in the blockchain space, particularly attractive to those prioritizing blockchain transparency. For investors, Ethereum Classic offers a unique value proposition that may yield consistent returns as adoption increases, making it a promising option in the evolving crypto landscape.
