About The Ethereum Classic
Ethereum Classic (ETC) is a crypto asset that follows the original Ethereum blockchain and is created due to the DAO hard fork. The Ethereum Classic project provides an immutable, unhackable, and decentralised platform for smart contracts.
The Ethereum Classic project is a decentralised platform that runs smart contracts on a blockchain, allowing users to run decentralised applications or dApps. The price of Ethereum Classic will hit $54.62 by the end of 2022 and $60.80 by mid-2023, according to CoinPrice Forecast. Moreover, the mid-year price for 2025 is predicted to be $73.14.
According to research, the crypto asset will hit $116 in a year and $291 in five years. According to Gov. capital, the price of Ethereum Classic is expected to rise in one year to $68.4. That being the case, it might be a great time to purchase ETC because of the low prices. Ethereum price prediction is something that attracts most investors. It’s the fact that Ethereum’s classic future will be something that will catch the eyes in the future.
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Ethereum Classic Origin
Ethereum Classic was created by a hard fork of the Ethereum blockchain in 2016. It’s an open-source, public blockchain applications that run exactly as programmed without any possibility of downtime, censorship, fraud, or third-party interference. Ethereum Classic’s Future is about building decentralised applications and companies on top of this technology. The resulting system is more democratic, reliable, and transparent than its predecessors.
Ethereum Classic vs Ethereum
Ethereum Classic is a hard fork of Ethereum that occurred in July 2016. It is an alternative to the original Ethereum blockchain and aims to stick with the original code of Ethereum.
Some significant differences between these two are:
- ETC has a different mining algorithm which makes it more decentralised and energy-efficient than ETH.
- ETC also has no pre-mine, founders, or ICOs like ETH.
- Ethereum Classic is a platform created after the Ethereum Foundation and many other developers of the original Ethereum software decided to leave Ethereum in 2016.
It’s worth remembering that the hard fork was highly controversial and debated when separating the two. It was the only option for many people to preserve Ethereum’s reputation. On the other hand, others saw it as a betrayal of what blockchain technology was meant to accomplish: stop things from being manipulated based on a human whim.
Ethereum Classic Price History
Ethereum Classic is a digital asset that was created in 2016. It has been the subject of some controversy since Ethereum had been hard forked into two separate blockchains, resulting in Ethereum and Ethereum Classic.
On July 20th, 2016, an unknown person or group of people using the name “The Shadow Brokers” published what they claimed were hacking tools used by NSA, which led to Bitcoin being downgraded from its position as the number one crypto asset on CoinMarketCap.
This event led to a sharp drop in the price of ETH and also caused it to be devalued significantly. After this incident, many investors turned their attention towards ETC, which resulted in a significant increase in its value.
Ethereum Classic price prediction 2022
Most people have this question: Is Ethereum Classic a good investment?
Ethereum Classic is one of the leading crypto assets in the market.
This crypto asset has experienced a lot of ups and downs since its launch, but it always manages to recover after every crash and emerge stronger than before.
With a market cap of $5,156,177,316, this coin has shown tremendous potential and has beaten other coins like Bitcoin Cash which were launched at around the same time
Ethereum Classic (ETC) technical analysis
Ethereum Classic (ETC) has been a top performer in the market.
It had a significant price spike on May 6th, 2021, when it increased by 39% in just one day. It rose and reached its highest level of $134.
Ethereum Classic price predictions and Ethereum Classic price chart are good ways to look for a good investment vehicle. The market is currently in the bearish phase, which isn’t conducive for an investment of any kind at this stage. But Ethereum Classic is making a comeback with its price rising steadily from one day to another and gaining more ground from other crypto asset coins such as Litecoin.
1) Should I invest in Ethereum Classic? Is Ethereum Classic a good investment?
- Yes, it’s an excellent investment.
- It has much potential.
- It’s not as popular as Ethereum, but it is growing in popularity.
- In gist, Ethereum Classic Future is bright. Try to do the research and invest if you are convinced.
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Unocoin is India’s first and the most secure bitcoin trading app. This exchange app was founded in 2013. You can buy and sell bitcoin instantly using the Instant Buy and Sell feature. Not just this, you can also buy ETH and Sell ETH in no time. With more than eighty-seven coins listed on this best cryptocurrency exchange in India, you can also accept bitcoin from your friends from any location. You can also know which cryptocurrency works best for you with the price ticker and notifications. The most popular cryptocurrencies like Bitcoin (BTC), Ether (ETH), USDT (Tether), BNB, Ripple (XRP), Cardano (ADA), Solana (SOL), Binance USD (BUSD), Dogecoin (DOGE), Polkadot (DOT) and other popular altcoins can be traded on the go. The new Android and iOS applications make Unocoin the best cryptocurrency app. With the unique feature of the Systematic Buying Plan, you can buy and sell bitcoin and Ether periodically. What more? You can start your crypto journey using SBP for as little as INR 10. With another exciting feature called Crypto Basket, you can diversify your crypto portfolio based on market capitalisation (Market Cap) or Volume. These two excellent features make Unocoin the best cryptocurrency platform.
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Crypto products are unregulated as of this date in India. They could be highly volatile. At Unocoin, we understand that there is a need to protect consumer interests as this form of trading and investment has risks that consumers may not be aware of. To ensure that consumers who deal in crypto products are not misled, they are advised to DYOR (Do Your Own Research).