Ethereum Classic Price Prediction
(ETCUSD)$23.8$23.55 (3.94%)Market Stats and Forecasts
Ethereum Classic Description
Ethereum Classic (ETC) occupies a unique space in the cryptocurrency world. It's not just another altcoin; it's a blockchain network with its history and philosophy stemming from a fork in the original Ethereum blockchain in 2016. ETC emerged from a disagreement within the Ethereum community following a major hack. The Ethereum network implemented a hard fork to reverse the hack's effects, creating a new chain, the current Ethereum (ETH), while ETC continued on the original chain. ETC developers believe in the code-in-law principle. They emphasize the importance of an unalterable blockchain history. This contrasts with Ethereum's approach, which prioritized reversing the hack.
ETC can run smart contracts. It permits developers to build Dapps on the ETC network. ETC has a smaller developer community than Ethereum. On its platform, you will get less established DApps. This can limit its overall network effect and user base. Similar to Bitcoin, ETC faces scalability challenges with PoW. Processing a high volume of transactions can become slow and expensive.
The ETC community works to improve network security. It implements an advanced NiceHash resistance technique to provide safe transactions. The cryptocurrency space is evolving day by day. New technologies and innovations can help ETC to achieve new heights. .
Forecast Based on AI Model
Drawing insights from our analysis that integrates historical price movements of Ethereum Classic, Our analysis, guided by the machine learning experts, yields forecasts for Ethereum Classic price trajectory up to 2024. With a comprehensive understanding of Ethereum Classic historical price movements and utilizing advanced algorithms, our team has derived predictions with a mean absolute error (MAE) value of 3 and an error value of 0.66%.
For the year 2024, our analysis indicates a projected yearly low of $25.28, with the high anticipated to reach $40.27. These forecasts are the outcome of a comprehensive approach designed to provide investors with reliable insights for strategic decision-making.
Prediction Table based on AI Model
| Date | Low | Average | High | ROI |
| 2024-07-01 | 24.36 | 24.87 | 25.36 | 6.75 |
| 2024-07-02 | 23.85 | 24.62 | 25.57 | 5.57 |
| 2024-07-03 | 23.34 | 24.35 | 25.29 | 4.41 |
| 2024-07-04 | 23.85 | 24.61 | 25.32 | 5.56 |
| 2024-07-05 | 23.83 | 24.59 | 25.29 | 4.40 |
| 2024-07-06 | 23.6 | 24.36 | 25.32 | 5.55 |
| 2024-07-07 | 24.36 | 24.61 | 25.1 | 6.71 |
| 2024-07-08 | 24.38 | 25.16 | 25.91 | 9.05 |
| 2024-07-09 | 24.37 | 25.15 | 26.12 | 7.86 |
| 2024-07-10 | 24.1 | 24.6 | 25.09 | 6.67 |
| 2024-07-11 | 24.08 | 24.33 | 24.82 | 5.50 |
| 2024-07-12 | 23.59 | 24.61 | 25.55 | 5.50 |
| 2024-07-13 | 24.11 | 25.15 | 26.11 | 7.82 |
| 2024-07-14 | 24.09 | 24.86 | 25.83 | 6.63 |
| 2024-07-15 | 23.58 | 24.33 | 25.05 | 5.46 |
| 2024-07-16 | 23.82 | 24.32 | 24.81 | 5.46 |
| 2024-07-17 | 23.81 | 24.31 | 24.78 | 4.30 |
| 2024-07-18 | 24.07 | 24.57 | 25.05 | 5.44 |
| 2024-07-19 | 24.35 | 25.13 | 26.1 | 7.76 |
| 2024-07-20 | 24.09 | 24.87 | 25.85 | 7.76 |
| 2024-07-21 | 24.36 | 24.87 | 25.63 | 8.95 |
| 2024-07-22 | 24.59 | 24.84 | 25.35 | 7.75 |
| 2024-07-23 | 24.32 | 25.09 | 25.81 | 6.57 |
| 2024-07-24 | 23.81 | 24.57 | 25.28 | 5.39 |
| 2024-07-25 | 23.81 | 24.57 | 25.28 | 5.39 |
Ethereum Classic Price Prediction 2025
According to our analysis conducted via our Machine Learning Model,Ethereum Classic is forecasted to achieve its peak value in 2025 at approximately $60.7, while potentially dipping to a low of $31.29. The average trading value during this period is projected to hover around $52.87.Ethereum Classic Price Prediction 2026
In 2026, Ethereum Classic is anticipated to potentially reach its peak value of $89.85, with a possible lower value of $45.2. The average trading value for this period is estimated to be approximately $78.9.Ethereum Classic Price Prediction 2027
As we look ahead to 2027, the trajectory of the Ethereum Classic coin may offer investors unexpected turns. Projections suggest peaks hitting $135.33 and lows stabilizing around $67.79, with an average trading value resting near $119.38.Ethereum Classic Price Prediction 2028
In the upcoming year of 2028, investors may witness noteworthy fluctuations in the value of the Ethereum Classic coin. Projections point towards a maximum value of $214.1, a minimum of $104.08, and an average value of approximately $196.59.Ethereum Classic Price Prediction 2029
Our market analysis indicates optimistic prospects for the Ethereum Classic crypto in 2029, with projected peaks at $335.02 and floors at $178.93. Moreover, the average trading value of this coin is anticipated to hover around $297.08.Ethereum Classic Price Prediction 2030
In 2030, our crypto analyst team and Machine Learning experts envision a varied outlook for the Ethereum Classic token. Projections indicate highs near $553.93, potential lows around $264.98, with an average value of about $498.92.Following the presentation of our forecast table, we provide users with convenient procedure links, offering insight into the comprehensive steps taken to derive our predictions. These resources afford transparency into our analytical process, detailing methodologies, data sources, and algorithms used to formulate forecasts, empowering users to grasp the intricacies behind our predictions.
Forecast Based on Technical Analysis
Bitcoin's 50-Day, 200-Day Simple Moving Averages and 14-Day Relative Strength Index - RSI (14)
Both the 200-day and 50-day Simple Moving Averages (SMA) are forecasted to rise, with the former expected to reach $24.06 by the Jul 01, 2024. The Relative Strength Index (RSI) stands at 0.6702, indicating a Fall market stance. Overall, while the long-term forecast is Buy.
About etc
Ethereum Classic Price Prediction FAQ
Kshitez Pratap Singh
Kshitez Pratap Singh possesses deep expertise in data analytics and machine learning. He excels at deriving actionable insights from complex datasets. Kshitez combines his analytical skills and machine learning knowledge to develop models that support data-driven decision-making, helping businesses and investors navigate and thrive in the finance niche.
Mohit Kumar
Mohit Kumar is a computer science engineer with a specialization in Artificial Intelligence and Machine Learning (AIML). he has honed his expertise in developing sophisticated machine-learning models tailored for the financial sector, exploring various aspects of forecasting and statistical modeling to provide invaluable insights for informed investment decisions in the volatile world of cryptocurrencies.
Sentiment: Buy
The Ethereum Classic is predicted to surge by 9.75% to $25.15 by Jul 09, 2024, though current indicators show a Bullish sentiment with 12 out of 30(40%) green days and a notable -18.55% price volatility over the past month.