Ethereum Classic is an up-to-date and original Ethereum token based on a smart contract systemthat allows developers to easily launch an application and increase security.
The ETC is the result of the Ethereum hard fork and is one of the most efficient digital assets so far. Although he was attacked by 51% a couple of months ago due to chain reorganization or double spending, when his value dropped by about 90%, he returned to his original position and proved his value. The upcoming Atlantis update made a major contribution to the success of the ETC.
Another reason investors may not worry about this marker is that no more branching should occur with this digital currency, which even means that the value of cryptocurrency is preserved. Ethereum Classic is considered a “blue chip” cryptocurrency, which means it can provide such a big return that you don’t need to think about any other smaller cryptocurrencies. Moreover, Coinbase recruited ETC and began to support it, giving it a double boost, which in itself is the hallmark of ETC going to great heights.
Currently, Ethereum Classic (ETC) is trading at $ 6.4538 with an ETC price of 2.92% today. The market capitalization of Ethereum Classic is $ 708,216,295, and 109,735,526 ETC is currently in circulation. The 24-hour price chart shows that ETC traded at $ 403,570,571. Over the past 24 hours, the price has reached 6.5293 dollars, and the lowest price has reached 6.2333 dollars.
What is Ethereum Classic (ETC)?
Immediately after the request of the decentralized exchange anonymous organization (DAO) Ethereum was branched out to create the Ethereum Classic. Ethereum Classic is an open source blockchain-based computing platform with the functionality of smart contracts, which was released in 2015. Ethereum Classic appeared when some members of the ETH community did not approve of hard fork because of the immutability.
In October 2016, the ETC passed a technical hard fork to adjust the domestic price of an Ethereum virtual machine (EVM). In July 2016, more specifically, at block 1,920,000 a hard fork was executed, where the chains were divided into two parts, and since then they have acted individually. Ethereum Classic became a parallel blockchain where, unlike Ethereum, stolen funds never returned to their owners.
ETC is one of the top 20 cryptocurrencies in the world with high growth potential compared to other hard forks.
Market forecast experts in 2019
The market is very enthusiastic about Ethereum Classic (ETC) and its growth potential in the coming years. Let’s see what different websites say about ETC and its price.
# 1 Bein Crypto
Bein Crypto is a cryptographic forecasting site that predicted that by the end of 2019, the ETC could be 10 times more than now, and could even reach $ 50, $ 100 by 2020 and could reach $ 200 in 5 years, which could create tough competition. his parent, Ethereum.
# 2 Long forecast
The long-term forecast specializes in providing a conservative forecast. Once again, he gave a pessimistic bearish outlook for ETC, saying that Ethereum Classic could drop to about $ 2, which is almost half that of today.
# 3 Digital Coin Price
Price Digital Coin predicts that by the end of 2020, Ethereum Classic could reach $ 6.56, which is not at all an impossible scenario.
# 4 Trade Animals
Trading Animals also gave a conservative, but pragmatic forecast, in which they stated that by the end of 2019, the ETC could reach $ 27.15 and $ 18.46.
# 5 Purse Investor
Wallet Investor gave the most bearish forecast of all where they mentioned that by the end of 2019 Ethereum Classic could fall to $ 0.272.
Our verdict on price forecasting for Ethereum Classic (ETC) 2019
After 51% of the attack on the ETC network, where attackers rented the hash capacity necessary to manage the network, Metronome (MET) released an update, according to which contracts for deployment on the Ethereum Classic network (ETH) will be developed so that transactions can be protected.
Most recently, ETC Labs even introduced the ETC development team, which will work on the core ETC projects, where it will provide tools for decentralized application development and support for its blockchain services. All these events gave ETC a reason to rise from the ashes and maintain its stability. By the end of 2019, the ETC could reach about $ 35, which will significantly increase it.
Price Forecast ETC 2019
In the first quarter, Ethereum Classic is working on developing an embedded SVM that will allow the use of EVM (Ethereum Virtual Machine) and SpitnikVM for embedded applications. By the second quarter of the third quarter it is planned to update the ETC JIT compiler, which will help in translating bytecode into its own code and shorten the program implementation time by 3-4 times.
Even ETC developers have plans to create an EVM end goal for LLVM, which will help developers get the opportunity to present EVM interest to the LLVM community. It looks like ETC has real plans for the whole year, and by the end of 2019 it is expected to reach $ 34,252.
Price Forecast ETC 2020
By 2020, Ethereum Classic can improve its scalability, as well as compatibility with other blockchains, which is indeed a big step for achieving great heights. According to the ETC roadmap, they have plans for hybrid consensus research and networking in their system by 2020.
They will sort the ETC to make it one of the best cryptocurrencies in the world. Meanwhile, thanks to these updates, ETC will get more partnerships, which may increase its value to $ 79,393. (Ethereum Classic Price Prediction 2020)
ETC price forecast for 5 years
After 5 years, Ethereum Classic can reach new heights and milestones. This can be considered one of the top 10 cryptocurrencies in the world, and can give a tough competition to the leading cryptocurrencies.
Ethereum Classic will become more widespread throughout the world and even in partnerships around the world. By the end of 2023, the ETC could reach $ 114,842. (Ethereum Classic future price forecasting)