Ethereum Classic Price Forecast: Will ETC Price Reach $80 In The Near Future?

 


This article on Ethereum Classic (ETC) Price Prediction 2021 is exclusively based on technical analysis. The important metrics that we took into account when developing our ETC price research and prediction are listed below.

The cryptocurrency sector is still expanding. To stay competitive, several crypto projects strive to upgrade their technologies. The Ethereum Classic (ETC) chain, which is the less popular of the two Ethereum chains, remains unchanged. Is it, however, still capable of reaching the moon? In this article, we'll discover out.

ETC is one of the most promising cryptos since its protocol allows DApps and other blockchains to effortlessly connect.

Also Read: Mine Network (MNET) Price Forecast 2021, 2022, 2023 – Will MNET Reach $30?

Is it possible for Ethereum Classic to hit $80 in 2021? We'll find out soon enough. But first, in this ETC price forecast 2021 post, let us answer the question "What is Ethereum Classic (ETC)?" before moving on to our ETC price prediction.

What is Ethereum Classic (ETC) and how does it operate?

ETC is a blockchain-based network that makes it simple for developers to construct decentralized apps. The ETC network is also an open-source initiative that is designed to be adaptable and versatile. As a result, the network can deploy and execute all uncensorable contracts.

Ethereum Classic was formerly the same as Ethereum (ETH) as we know it, for those who are interested. Due to a series of terrible events, the two factions split up in a hard fork.

Ethereum Classic features its native cryptocurrency, ETC, which is used to pay for premium services on the network. In addition, the ETC currency is used to compensate the network's miners.

Do you believe Ethereum Classic will be a lucrative cryptocurrency in 2021 now that we know more about it? Are you already curious to learn more? As a result, join me, and let's look at the charts in this ETC price analysis and prediction.

The current state of the Ethereum Classic market

According to CoinGecko, ETC is currently trading at $61.98 with a 24-hour trading volume of $592,307,050 at the time of writing this Ethereum Classic price analysis. In the previous 24 hours, the price of ETC has risen by 1.00 percent.

In addition, ETC currently has a circulating supply of 131,126,205.00 ETC. Binance, Huobi Global, OKEx, ZG.com, and CoinTiger are the main cryptocurrency exchanges for ETC right now.

Let's move on to the next section of this ETC price forecast for 2021.

Analysis of the Ethereum Classic Price in 2021

ETC is currently ranked 19th on CoinMarketCap. Will the ETC blockchain's recent upgrades, development, and modifications, however, help the cryptocurrency price rise? In this ETC price forecast post, we'll look at the charts.

Descending Triangle pattern on the ETC USDT chart.



Descending Triangle pattern on the ETC/USDT chart (Source: TradingView)

The Descending Triangle pattern may be seen in the chart above, which is set to a daily time frame. Since ETC has been bearish for the previous month, this is a crucial indicator. As a result, the falling triangle pattern suggests that ETC is about to turn bearish.

We may argue that ETC has a larger likelihood of going bearish than bullish in the near future. As illustrated above, ETC reversed its bearish trend at the start of this month. This is due to the significant volume of transactions that occurred during that time.

The Relative Strength Index (RSI) is higher than 38.86, indicating that ETC is oversold. As a result, traders must use caution when trading and avoid more losses.

Consider ETC's Simple Moving Average (SMA) and Exponential Moving Average (EMA) as well.

ETC's price has undergone multiple positive swings that are greater than the previous one since the beginning of 2021. Moreover, these are immediately followed by fluctuations, consolidation, and corrections. Taking this into account, ETC will be in a competitive market in 2021.

Predictions on the price of Ethereum Classic in 2021

The figure below demonstrates how well ETC has performed in recent days. In addition, the ETC price is in a bullish trend. If the current trend continues, ETC might join the bulls in breaking through the $80.91 resistance mark and moving higher.

If investors shift their attention to cryptocurrency, the bears may seize control and force ETC out of its upswing. In layman's terms, ETC's price might drop to about $31.25, indicating a bearish indication.

Meanwhile, we have an optimistic long-term ETC price projection for 2021. It has a good chance of scaling new heights. However, this will only happen if it overcomes several earlier psychological barriers.

Predictions on the price of Ethereum Classic in 2022

ETC will hit $92 by the end of 2022 if the current positive trend continues. Furthermore, the first half of 2022 will see a rapid increase, reaching $105. After that, the rise will slow down, but no significant drops are forecast. With impending partnerships and innovations, reaching $92 is a bit of a stretch in terms of price, but it's certainly doable soon.

Predictions for the price of Ethereum Classic in 2023

Buyers will have adequate time and stability to create the next attack mission on the crucial level at $120 if ETC retains the support level around the 200-MA, the long-term moving average of 200 days, firmly in place.

Predictions for the price of Ethereum Classic in 2024

According to the platform's most recent improvements, innovations, ETC price predictions, and new project forecasts, ETC investors can expect a slew of collaborations and integrations by 2024. Furthermore, this might increase the price of ETC in the crypto market, making it a good investment because the price could rise to around $135.

Predictions on the price of Ethereum Classic in 2025

ETC costs might soar to $165 in the next four years. However, ETC may not have a tough time hitting this level if additional medium, short-term, and long-term price goals for purchase or sell orders can be established. According to the forecast, ETC has a good chance of achieving a new all-time high in the next five years.

Conclusion

In 2021, ETC has a bright future ahead of it. We may see ETC reach new heights as a result of the current advancements within the ETC ecosystem, as well as in the larger crypto market.

$80 is the bullish ETC price projection for 2021. As previously said, if investors determine that ETC, along with popular cryptocurrencies such as Bitcoin and Ethereum, is a suitable investment in 2021, it may even hit its new ATH.

Frequently Asked Questions

How Do I Purchase ETC Tokens?

ETC, like other crypto assets, can be traded on a variety of exchanges. ETC tokens are available for purchase on cryptocurrency exchanges including Binance, OKEx, CoinTiger, Huobi Global, and ZBG.

Will ETC be able to break through its current ATH?

ETC is a solid investment in 2021, and most crypto investors should consider it. ETC, on the other hand, has a good chance of exceeding its present ATH of $176 by 2022.

Is it possible for ETC to reach $80 in the near future?

ETC is one of the most active crypto assets, and it is still on an upward trajectory. If the current bullish trend continues, ETC might go beyond $50 and reach $80. Of course, if the positive market continues to favor this coin, this is extremely likely to happen.

Is ETC a decent stock to buy in 2021?

This year, ETC is regarded as one of the fastest-growing cryptocurrencies. In addition, given ETC's recent achievements, we may conclude that ETC is a potentially attractive cryptocurrency to invest in this year.

By 2022, what will the price of Ethereum Classic (ETC) be?

By 2022, the price of Ethereum Classic (ETC) is predicted to reach $92.

By 2023, what will the price of Ethereum Classic (ETC) be?

By 2023, the price of Ethereum Classic (ETC) is predicted to reach $120.

By 2024, what will the price of Ethereum Classic (ETC) be?

By 2024, the price of Ethereum Classic (ETC) is predicted to reach $135.

By 2025, what will the price of Ethereum Classic (ETC) be?

By 2025, the price of Ethereum Classic (ETC) is predicted to reach $165.

Saying Book

"There is no chance, no destiny, no fate that can circumvent or hinder or control the firm resolve of a determined soul." Ella Wheeler Wilcox

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