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In the post-Merge crypto world, Ethereum and the original chain, Ethereum Classic are as good as two separate crypto projects. Against the backdrop of a more successful offshoot, ETC gets its holders and supporters wondering if it can ever reach the same heights. Dive into our Ethereum Classic price prediction to learn why they believe it to be entirely possible.
Ethereum Classic (ETC) Price Prediction 2024–2034
- Despite a history of underwhelming performance when compared to the more popular fork, Ethereum Classic still seems to have some optimistic sentiment, especially in the bullish projections.
- They forecast that not soon but eventually, ETC will break its current price record of around $175.
- An aggregate moderate Ethereum Classic price prediction does not see the same happen even in ten years. Nevertheless, even ‘bears’ admit ETC’s price can appreciate over time.
What is Ethereum Classic (ETC)?
In 2016, the first decentralized autonomous organization (DAO) ever, The DAO’s contract was drained of funds that had been raised for the development of Ethereum. The community voted to roll back the blockchain to a pre-hack version, effectively returning the funds to The DAO’s contract.
However, there was a minority that criticized the decision and adhered to the principle “code is law”. They split the chain after a hard fork, and the offshoot which did not rewrite the transaction history became Ethereum Classic.
The cryptocurrency of the protocol is called Ether Classic and uses the ETC ticker. ETC has a hard cap on its total supply of 210 million and a ‘fifthening’ mechanism to reduce inflation from mining.
As the name suggests, Ethereum Classic is similar to Ethereum but they are not the same. You can learn more about the fork in our Beginner’s Guide to Ethereum Classic.
Ethereum Classic (ETC) Price History
Ethereum Classic Price in 2016–2018
After The DAO incident, ETC started trading independently from ETH. As a hard fork, all ETH holders received the same amount on the Classic chain, which solved a lot of problems with exchange listings and infrastructure. ETC’s starting price hovered around $1.7 for a while (to compare, ETH’s price around the same time was $11–12).
In its first bull run in 2017, ETC rapidly appreciated to $20 and above by mid-2017 and to $40 by December.
2018 was characterized by a downtrend for most cryptocurrencies, ETC was not a stranger to that. From January 2018 to December, it went from $35 to $5.
Ethereum Classic Price in 2019–2021
The crypto winter continued well into 2019, when Ethereum Classic was staying in the range between $3.85 and $9.4.
2020 was the last year of a placid market, save for a rally to $12.37 in March. ETC did not see significant price action even by the end of that year.
Another bull run eventually caught up to ETC, and in May 2021 it went parabolic. On May 6, 2021, it reached its current ATH of $176.16.
Parabolic runs pull back sharply, and the next time, in August 2021 it managed to climb only to $69. 2021 ended and 2022 started with ETC at $34.71.
Ethereum Classic’s Price in 2022–2024
Although Ethereum Classic defied the market trends with bear market rallies, the general trend was to the downside. In March 2022, it bounced by 110% and added 230% in July, incidentally, around the time of finalization of Ethereum’s Merge and transition to staking.
These rallies were not enough to keep ETC’s price afloat for long, so it bottomed out near $15 for almost all of 2023. In early 2024, when the BTC ETF was finally approved in the US, Ethereum Classic gained 80%. By March, it was already $37.
From that local high, a familiar down-trending pattern has emerged. At the time of writing, the current Ethereum Classic price is $19.80 and ranks 32nd on CoinMarketCap.
What Influences the Price of ETC?
Divergence from Ethereum
The origins and branding of Ethereum Classic still inevitably affect this cryptocurrency. So much so, that traders would mistakenly flock to ETC when ETH rallies.
Nonetheless, since the split, Ethereum Classic has been introducing changes that were not affected by the original and which had a positive effect on the price. For instance, one of these is the aforementioned hard cap on supply. This is not to say Ethereum Classic developers are inventing the wheel: they are also introducing select improvements from Ethereum.
A major difference between the two blockchains today is evident: the consensus algorithm. Ethereum moved to Proof-of-Stake in 2022, while Ethereum Classic remained a Proof-of-Work cryptocurrency. Consequently, it sports all appropriate features of PoW, such as mining and even a halving mechanism. While Bitcoin halvings have been reliably correlated with bull runs, there is no evidence that the same happens in other PoW cryptocurrencies which also undergo miner reward slashing.
Network Security
Having more miners is a thing that Ethereum Classic could benefit from massively. Until the Merge, the hash rate of ETC was low enough to let multiple 51% attacks occur. In 2020 in particular, a couple of 51% attacks happened within weeks.
Block reorganizations led to a value equal to millions of dollars double-spent and exchanges pulling ETC pairs down. Needless to say, this is an event that negatively affects the price and future prospects of the chain.
It seems that remaining a mineable coin helped to improve the network security at least in the hash rate department. In September 2022, a considerable amount of miners switched their power to secure and earn ETC when the option became unavailable in ETH.
Adoption
And yet, institutional investors are still willing to make a bet on ETC. In particular, Digital Currency Group, owners of Grayscale, has authorized purchases of ETC, and Grayscale manages $229M in ETC. Ethereum Classic has Barry Silbert, the DCG owner, to thank for the backing, as he is a vocal ETC supporter.
Nevertheless, even a few wealthy adopters cannot make up for the lack of retail. In March, as the crypto market was rallying due to the approval of BTC ETFs, Forbes published an article that was met with an outcry from crypto insiders.
Called The Rise of Crypto’s Billion Dollar Zombies, the editorial tried to look into the most prominent altcoins to see if the value they sport as market capitalization is backed by any real use. Although it was rife with factual errors (like calling Litecoin a hard fork of Bitcoin), the authors’ findings were not entirely wrong. Older altcoins with a market cap above $100 million bring very little revenue to miners or validators from transaction fees and are mostly used as speculative investments.
While it is easy to dismiss such articles as FUD, the call comes from inside the house, as one of the authors is an industry insider. Nevertheless, they managed to provide an outside look together with their co-authors, which, as much as crypto enthusiasts hated it, highlighted a pretty much real issue.
Ethereum Classic Price Forecast and Analysis
User Anakyn published the Ethereum Classic price analysis on TradingView with the following explanation:
The RSI on the lower part of the chart, currently around 39, indicating a slightly oversold condition. This suggests the market could be near a potential bottom, but further confirmation is needed.
If this ABC correction holds, the price might find support near the 0.786 Fibonacci level ($15.65) or the lower boundary of the channel. This could signal the end of the corrective phase and the start of a new upward movement (Wave 1 of a new cycle). Alternatively, if price breaks below these support levels, it could suggest further downside, extending the correction.
Ethereum Classic (ETC) Price Prediction 2024
Technical analysis by CoinGape does not give a definitive answer to where the price will move, although they indicate the indicators leaning bullish. In this case, the potential ROI of the coin can come up to 19% ($22.59). Otherwise, Ethereum Classic’s position can weaken and the price will be reduced to $18.16 minimum.
Cryptonews believes that ETC can still gain value but will not rally further either. They are confident that by the end of 2024, Ethereum Classic has the potential to appreciate to $25.32. The potential low of ETC is much higher than in the previous source, at $20.24 minimum.
An ETC price prediction by TheTradingSnip3r on YouTube is the most bullish short-term forecast for this coin. Because the chart is consolidating, he expects a breakout to at least $100. A much more optimistic price target he mentions is at $500.
Ethereum Classic (ETC) Price Prediction 2025
Long Forecast does not promise eye-popping gains for Ethereum Classic, either. In 2025, they claim, ETC will see a maximum of +97% to its current price at $39.14 very close to the year’s end.
A more positive prediction is given by CCN using technical analysis, waves and fractal patterns. An estimate they give for the end of 2025 is at $105. As for their colleagues, CryptoNewsZ provides more grounded targets between $41.48 and $77.19.
ETC Price Prediction for 2026–2029
Algorithmic forecasts can help us with the ETC price prediction for up to five years in advance. What’s the predicted range between the minimum and maximum prices of Ethereum Classic (ETC) in these years?
| Year | Wallet Investor | Cryptopolitan | CoinCodex |
| 2026 | $1.669–33.928 | $46.58–56.26 | $17.76–43.92 |
| 2027 | $1.036–34.188 | $64.57–81.62 | $18.42–24.89 |
| 2028 | $1.432–38.878 | $93.94–112.04 | $20.32–35.78 |
| 2029 | $0.955 –2.864 | $140.65–166.48 | $25.48–164.96 |
Ethereum Classic (ETC) Price Prediction 2030 and Beyond
With the available data, it is still not reliable to project for the end of the decade. Many of the influencing factors may not even exist yet.
Approximations from different sources give wildly varying ranges. PricePrediction.net claims ETC in 2030 will be traded for $188.49 on average, while Coin Price Forecast keeps their expectations closer to $39.11–41.44.
As for 2034, ten years from now, they forecast ranges of $579.09–677.54 and $53.93–56.24 respectively. Talk about the error limit!
Even for as far as 2040 and 2050, the Ethereum Classic forecast is not too bullish: only in the ranges between $63.55–75.57 and $92.89–106.77 respectively, according to BitScreener.
How to get ETC on ChangeHero?
If you already have crypto, you can use it to buy ETC on ChangeHero with no hassle:
- Choose the currencies on the home page, amounts, and the type of exchange. Provide your wallet address in the next step and check the amounts;
- Double-check the provided information, read and accept the Terms of Use and Privacy Policy;
- Send in a single transaction the sum of the cryptocurrency you will be exchanging. Fixed Rate transactions have a 15-minute limit;
- All done? Now we are doing all the work: checking the incoming transaction and doing the exchange as soon as it arrives;
- As soon as the exchange has been processed, your ETC will be on its way to your wallet.
ChangeHero’s customer support is available 24/7 in the chat on our website or through the email: [email protected].
Conclusion
Since the paths of the two chains diverged, the present of Ethereum and Ethereum Classic could not have shaped to be more different. It is reasonable to suggest that on these tracks, the future will not get more similar either. It is now entirely up to the supporters and developers of Ethereum Classic to shape its future.
Do you have anything to add to our Ethereum Classic price prediction? Feel free to share on our social media: X, Facebook, Reddit, and Telegram. See more forecasts, trading insights, news, and guides in our blog!
Frequently Asked Questions
Can Ethereum Classic reach $10,000?
Whether Ether Classic can drastically outpace the better-known Ether (ETH) is a constant question on ETC holders’ minds. At the moment, it seems unlikely because even with the advantages ETH has over ETC, it has not been able to reach this level of value.
Does ETC have a future?
Even critics have pointed out that there is no wind-down process for a decentralized crypto protocol. Ethereum Classic has enough support to be here to stay, but consensus seems to be lacking in confidence as to whether it would succeed.
How much will Ethereum Classic be worth in 2030?
Depending on the source, ETC is expected to be in the range between $39.11 and $188.49 in 2030.
What will Ethereum Classic be worth in 2025?
By 2025, ETC is estimated to be worth between $39.14 and $105.
Where will Ethereum Classic be in 5 years?
According to different analysts, in 2029 the ETC price can slightly appreciate to $25.48 or rally to $166.48.
How high is ETC expected to go?
The highest price target experts’ Ethereum Classic price predictions forecast is $677.54 in 2034, 10 years from now.
What is the ETC price prediction for 2050?
An expected average trading price for the ETC price in 2050 gives a target price range between $92.89 and $106.77.
Disclaimer
This article is not a piece of financial or investment advice. No price prediction is guaranteed to provide exact information on the future price.
When dealing with cryptocurrencies, remember that they are extremely volatile and thus, a high-risk investment. Always make sure to stay informed and be aware of those risks. Consider investing in cryptocurrencies only after careful consideration and analysis of your own research and at your own risk.
Learn more:
Quick links:
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