Ethereum Classic is the actual and original Ethereum token, based on the smart contracts system, which allows the developers to run the application easily, with increased security. ETC is a result of Ethereum hard fork and is one of the best performing digital assets till now. Although it underwent 51% attack a couple of months back either due to chain reorganization or double spends where it’s value fell down by around 90 %, it revived back to its original position.
One more reason why the investors can stay unworried about this token is that no more forks are going to happen to this digital currency, which even means that the value of the cryptocurrency is retained.
What Is Ethereum Classic (ETC)?Right after the decentralized exchange anonymous organization (DAO) was asked, Ethereum was forked to give rise to Ethereum Classic. Ethereum Classic is a blockchain-based open-source computing platform, having smart contract functionality, which was released in 2015. Ethereum Classic came into existence when some of the members of the ETH community didn’t approve the hard fork on grounds of immutability.
Market Prediction By Experts In 2019
The market is quite enthusiastic on Ethereum Classic (ETC) and its potential to grow in the upcoming years. Let us see at what various websites have got to say about ETC and its price.
#1 Bein CryptoBein Crypto is a crypto prediction website which predicted that by the end of 2019, ETC might be 10X more than what it is now and might even touch the $50, $100 by 2020 and might reach $200 in 5 years, which might give a tough competition to its parent, Ethereum.
#2 Long ForecastLong Forecast is specialized in giving a conservative prediction. It has yet again given a pessimistic bearish prediction for ETC, stating that Ethereum Classic might go down to around $2, which is almost half of what it is today.
#3 Digital Coin PriceDigital Coin Price predicted that by the end of 2020, Ethereum Classic might reach $6.56, which is not at all an impossible scenario.
#4 Trading BeastsTrading Beasts also gave a conservative, yet pragmatic forecast, where they stated that by 2019 end, ETC might reach as high as $27.15 and as low as $18.46.
#5 Wallet InvestorWallet Investor gave the most bearish prediction ever, where they mentioned that by the end of 2019, Ethereum Classic might fall down to as low as $0.272.
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Ethereum Classic might reach newer heights and milestones. It might be considered as one of the top 10 cryptocurrencies in the world, and might give a tough competition to the leading cryptocurrencies. Ethereum Classic would gain higher in adoption all across the world and even in partnerships across the globe. By the end of 2023, ETC might reach $114.842. (Ethereum Classic future price prediction)
