Ethereum Classic (ETC) Price Analysis
On November 29, 2019, its price was $3.9706987. Over the past 30 days, it has had a high of $5.30 and a low of $3.58. It has a 23 market rank according to market capitalization. It has a market capitalization of $459,106,091. It has a total supply of 112,980,348 and a maximum supply of 210,000,000 coins. It has an all-time high of $47.77 while its all-time low is $0.45246.
Market Prediction for Ethereum Classic (ETC) Price 2020
There is a growing demand for cryptocurrencies globally. There is a possibility that more businesses and countries will start using cryptocurrencies as alternatives to their local currencies. It will become easier to invest in cryptocurrencies, and its value will increase significantly.
As the global demand for cryptocurrencies increases, it will carry along Ethereum Classic (ETC). It will become easier to invest in ETC. Moreover, due to current developments, ETC will increase its real-world applications. Ultimately, ETC will be accepted by more businesses and traders. Its value could increase significantly in the future.
Barry Silbert, CEO, and Founder of Digital Currency Group (DCG), Ethereum Classic (ETC)Price Prediction 2020
Silbert encourages more investors to embrace ETC. He showed his confidence in ETC by investing in the project. He is confident that ETC will overcome the current challenges and become one of the main cryptocurrencies globally in the future.
Igor Artamonov, Founder and Technology Lead at ETCDEV, Ethereum Classic (ETC) Price Prediction 2020
Igor mentioned in an interview that although ETC and ETH are compatible, all the factors in Ethereum that could potentially compromise security or make it susceptible to centralization are not supported by ETC. The move indicates that ETC is secure, and users are more comfortable working with secure digital assets. Such a move could increase the number of users and boost ETC’s value.
Charles Hoskinson, American Crypto Specialist and Entrepreneur, Ethereum Classic (ETC) Price Prediction 2020
Charles believes that crypto is the currency of the future. He believes that new users, especially in developing countries, will view to store their wealth in cryptocurrencies instead of their local currency. It means that ETC will benefit from a large number of users from developing countries. Ultimately, ETC will offer coin holders with value, and its price will increase with time.
Bob Summerwill, Executive Director at Ethereum Classic Cooperative, Ethereum Classic (ETC) Price Prediction 2020
Bob announced that Atlantic is a major update to ETC’s network. The move allowed ETC to be up-to-date with the latest Ethereum protocols. Atlantic enhanced security and develop dApps. It made it easy to enhance interoperability between Ethereum and Ethereum Classic. The actions made ETC an attractive investment decision for investors. It is highly likely that Ethereum Classic’s price will improve in the near future.
Terry Culver, CEO Ethereum Classic Labs, Ethereum Classic (ETC) Price Prediction 2020
Terry acknowledged that ETC’s partnership with iZbreaker team and project would enhance ETC’s stability, security, and low transaction fees. He added that the unique approach will allow users to expand and capture their online friends. It would allow them to share information while preserving data security, sovereignty, and integrity. Ultimately, ETC will become stronger, attract more users, and increase in value soon.
Factors Contributing to the Growth of Ethereum Classic (ETC)
One of the factors affecting its growth is supply and demand. By 2025, the supply of ETC will be capped at 210 million. There will be limited supply and high demand. According to the law of demand and supply, when the demand is higher than the supply, prices will increase.
Ethereum Classic is becoming more available in the crypto exchanges. The increased ease of access is boosting its credibility. Also, it allows new investors to buy coins with minimal hassle. A larger number of investors will translate to increased value.
Notably, Ethereum Classic has all the benefits associated with Ethereum. It supports DApps and smart contracts. Also, it can host a cryptocurrency ICOs. The features allowed Ethereum to grow into the second-largest cryptocurrency. Their shared characteristics show that Ethereum Classic is based on a proven and solid foundation.
The ETC Development (ETCDEV) Team is an independent group of professionals and engineers who developed ETC. They have a detailed plan to keep the investment community updated on the current projects. Furthermore, ETC has an active and vibrant community that is committed to its cause and has contributed to its growth.
Ethereum Classic (ETC) Price Prediction Verdict
Cryptocurrencies are famous for their substantial price fluctuations and volatility. Ethereum is a complicated digital asset that can be affected by various external and internal factors. You need to evaluate each of the factors and how they will affect the coin before making an investment.
According to experts’ opinions and factors affecting its growth, Ethereum Classic (ETC) is a wise investment decision. The limited supply, increased availability in exchanges, possessing similar strengths with Ethereum, and a strong community backing can only boost ETC’s price. Although it has not experienced a price near its all-time high in 2019, all indicators and factors show that 2020 will be a great year.
You should take advantage of the current price to make extra income when the prices appreciate in 2020. Increased numbers of users will increase ETC’s value in the near future. Also, the ETC Development Team is developing new technologies that will enhance ETC in real-life applications.
What is Ethereum Classic (ETC)?
Ethereum Classic (ETC) is a blockchain-based, open-source, and public distributed computing platform that has smart contract functionality. Smart contracts are applications that are run as exactly as programmed without the possibility of third party interference, downtime, and censorship.
Ethereum Classic is made up of a blockchain ledger, cryptocurrency, and an ecosystem of services and applications that run with it. It offers a way to manage digital assets without the need for third parties. Intermediaries include banks and other financial institutions. It allows smart contracts to be developed, deployed, and executed.
Ethereum Classic supports programmable money. It exists as the continuation of the initial or original non-forked Ethereum (ETH). ETC exists to preserve the principle that states that “code is law.” Ethereum Classic is more than just a cryptocurrency and blockchain. It improves digitized value. It allows users to create more complex contracts between them that work autonomously.
History and Main Features of Ethereum Classic (ETC)
Ethereum Classic (ETC) was formed in October 2016 as a hard fork of Ethereum (ETH). Two years after Ethereum was launched, the investors and Ethereum community though of launching a Decentralized Autonomous Organization (DAO).
DAO is a decentralized venture capital fund that focuses on decentralized crypto projects. The main objective was to create a stateless decentralized organization that has no employee or board of directors. Its key players would be independent investors. In May 2016, there was crowd token sale, and Ethereum managed to raise $150 million.
However, a flaw in the DAO code allowed attackers to drain $50 million from the fund. The theft caused a lot of upheavals in the Ethereum community. Ethereum made a decision to create a hard fork to restore investor confidence. The hard fork made the hacked transaction invalid. It created the Ethereum Classic (ETC).
Ethereum Classic has the same features as Ethereum. It has a decentralized programmable blockchain, is trade on exchanges, and provides the same functionality of smart contracts and decentralized apps (DApps) as Ethereum. Its smart contract language is known as Solidity. Ethereum Classic stayed true to the original vision of a blockchain.
How to Buy Ethereum Classic (ETC)
A crypto wallet is important when buying cryptocurrencies. A good wallet may determine whether you will have a great or terrible experience when buying coins. The wallet must be transparent, reliable, and safe. Also, it should allow you to view the real-time prices of cryptocurrencies. Wallets allow you to hold the keys that are beneficial when buying crypto coins and tokens. The keys never leave your personal computer or mobile device.
You need the best wallet in the market to buy Ethereum Classic. Atomic wallet is a multi-currency wallet that addresses all your needs. You do not have to worry about operating systems because it is compatible with major operating systems, such as Fedora, Windows, Debian, macOS, and Ubuntu. Download and install the app on your mobile device or personal computer and start enjoying the best solution in the market.
To get started, you need a minimum of $50 and a maximum of $20000 daily. Also, Atomic wallet accepts debit and credit cards. The user-friendly interface allows you to navigate the platform easily. Customer care will help you make the best investment decisions in 2020.
How to Exchange Ethereum Classic (ETC)
Cryptocurrency exchanges allow you to exchange ETC with other coins such as Bitcoin, Ethereum, Litecoin, XRP, and many others. You need a secure wallet that allows you to exchange cryptocurrencies without third parties or intermediaries. The wallet should be reliable, consistent, and transparent.
Atomic wallet is a multi-currency solution that allows you to buy Ethereum Classic (ETC) and exchange it with over 300+ tokens and coins. All transactions take place in a single interface. Also, the platform is user-friendly and allows you to view real-time prices of all coin on the platform.
Atomic wallet allows you to exchange coins with minimal or fixed fees. The wallet you set the amount you want to exchange, set the trade rate, and execute the exchange. Atomic wallet is the most unique solution in the market, and you just need to download it and start making more income.