Ethereum classic price

The Ethereum Classic price has been on the rise lately, and many people are wondering what the future holds for ETC. In this blog post, we’ll take a look at some of the newest Ethereum Classic price predictions and give our own outlook on where we see the cryptocurrency headed in the near future. Keep reading to learn more! Ether classic price On the other hand, Ethereum Classic (ETC) has remained in relative obscurity despite being the original Ethereum network. By now, despite their common origin, Ethereum and Ethereum Classic are two blockchains that have more differences than commonalities.

Etherplan’s vision for Ethereum Classic is particularly dependent of a successful migration of Ethereum 1.0 to Ethereum 2.0. What Is Ethereum Classic’s Price Prediction For The Next Bull Run? The Ethereum Classic community promotes the network as ‘Bitcoin, but with smart contracts’. Ethereum Classic embodies the governance and economic principles of Bitcoin while staying committed to immutability — with the added smart contract functionality and programmability of Ethereum.

While Ethereum and Ethereum Classic, at one point in time, were based on the same code, Ethereum Classic has taken a different path ever since. The community has carried on using proof-of-work (PoW) as a consensus mechanism to secure the blockchain. Ethereum Classic also adopted a fixed monetary policy, and the total amount of ETH that can be created is capped at 230 million ETCH, which adds to its scarcity. XRP Price Prediction Following Huge $2 Billion Capital Surge - Can XRP Reach $10 in 2023? It is hard to say. A lot will depend on how the market responds to Shapella, and whether ETC can end up attracting former ether miners. As it stands, the likes of WalletInvestor are bearish while sites such as DigitalCoinPrice are bullish. Remember, price predictions very often end up being wrong, and prices can and do go down as well as up. 

The price of 1 Ethereum Classic according to current market rate is $19.56 Ethereum Classic More importantly, there was a break above a major bearish trend line at $29.00 on the hourly chart of the ETC/USD pair. At the moment, the pair is attempting a break above the 38.2% Fib retracement level of the last decline from the $41.00 high to $24.89 low. Once there is a proper close above the $31.09 resistance, there can be more gains. The price could easily move further higher above the $32.00 level. The next resistance is around the 50% Fib retracement level of the last decline from the $41.00 high to $24.89 low.