- The Ethereum Classic price closed the previous day’s trade at INR 1535.49 with a market capitalization of INR 219.07 billion and a circulating supply of 135,866,928.04 ETC
- Ethereum Classic appears to have rebounded from a 4-month long bearish trend and hence a remarkable gain of nearly 18% by the end of July
What is Ethereum Classic?
Ethereum Classic is an unaltered version of the original Ethereum Chain. Way back in 2016, when only the Ethereum chain existed, a major hack due to a bug in the DAO led to a massive drain of funds. This irked some of the developers who wanted to build a safer environment and hence forked from the original chain to create a new chain called Ethereum.
While the one who believed to keep things intact & unaltered stayed on and renamed the chain Ethereum Classic with native token ETC. Ethereum Classic continues to work independently, having no plans to move away from the PoW mechanism.
Additional Read: Ethereum Merge Release Date
Ethereum Classic Price Analysis for July 2022
|Current Price||INR 1774.41|
|Market Cap||INR 241.08 billion|
|Circulating Supply||135, 866,928.04 ETC|
|Vol (24H)||INR 106,887,595,776|
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Ethereum Price Prediction 2022
Ethereum Classic (ETC) Prediction July 2022
Ethereum Classic price has to drown in a deep bearish well from the past 4 months, that has been broken recently. The asset has surged more than 50% in the past couple of days and is expected to surge beyond INR 2000 before this weekend. By the end of July, the price may rise beyond INR 2338 but may face rejection and trade around INR 2100.
Ethereum Classic (ETC) Prediction August 2022
The ETC price may lose INR 2000 in the first few days of August but may reclaim the position quickly. By the end of August trade, the ETC price is expected to trade above INR 2300 while INR 2500 may appear distinct.
Ethereum Classic (ETC) Prediction Sept 2022
The asset is expected to maintain a slow and steady upward movement to achieve the important resistance at INR 2553. By the end of the monthly trade, the prices may hover just above these levels at around INR 2656.84.
Ethereum Classic (ETC) Prediction Oct 2022
After laying down a strong foundation to surge above INR 3000, the ETC price may be stuck around INR 2700 for a while. Therefore, by the end of October 2022, the prices may continue hovering around these levels.
Ethereum Classic (ETC) Prediction November 2022
As the trade for the year-end approaches, the bulls may intensify their activities and try to raise the price above INR 3000. However, by the end of November’s trade, the asset is expected to swing along the final hurdle at INR 2901.
Will Ethereum Classic Price Reach INR 3000 by December 2022?
Ethereum Classic price is expected to close the yearly trade on a bullish note and hence the asset is largely expected to secure levels above INR 3000. However, an extended bullish case may enable the price to test $3100 too.
Ethereum Price Prediction 2023
Will Ethereum Classic Price Reach 4000 by December 2023?
The ETC price is expected to maintain a narrow trade during the Q1 trade which may get intensified by the beginning of Q2. The prices are expected to rise close to INR 4000 and by the end of Q2 may face a slight pullback to INR 3500.
Further, until the end of Q3 trade, the ETC price may continue maintaining a consolidated trade around INR 3700 or INR 3800. By the end of 2023, the prices could surge close to INR 4000 and may also surpass these levels, but the rejection to INR 3900 appears imminent.
Ethereum Price Prediction 2024
Will Ethereum Classic Price Reach INR 7000 by December 2024?
The asset may regain INR 4000 quickly in the first few days of Q1 2024 and keep up the bullish momentum to reach INR 4600 or INR 4900 by the end. During the Q2 trade, the price may rise above INR 5000 and try secure levels above INR 5500 by the end.
However, an extreme bull run is expected to ignite in the second half of 2024 that may uplift the price beyond INR 7500 levels. Woefully, after reaching yearly highs, the asset may face a pullback below INR 7000 and close the yearly trade just above these levels.
Ethereum Price Prediction 2025
Will Ethereum Classic Price Reach INR 10,550 by December 2025?
The ETC price may have lowered pace since the beginning of 2025 and by the end of Q3 trade, the prices may trade close to INR 8000. Yet, the prices may experience a slight rejection but could maintain their levels above INR 7500.
The beginning of the second half may be extremely bullish as the price may hit INR 10,000 by July end and INR 10,300 by the end of Q3. However, the asset is expected to maintain a consolidated trend throughout Q4 that may compel the price to hover around INR 10,500 by the end of 2025.
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Ethereum Classic (ETC) Price Comparison Table (2017-2022)
|Year||End of Year Price||% Change|
*at the press time
ETC Price Technical Analysis
The bulls appear to have reclaimed the position after undergoing a steep bearish trend ever since the asset marked its highs above INR 12,000. The attempt to rebound from the bearish trend was carried out multiple times previously but failed.
Hence until the asset secures its levels above INR 3000, the fear of pullback may haunt the rally. However, the crucial resistance is around INR 4152, beyond which the asset may resume with a strong upswing towards the next targets.
Additional Read: Top Penny Cryptos 2022
ETC Price Comparison with Ethereum (ETH)
- Ethereum is considered one of the biggest competitors of Ethereum Classic all the time and hence both maintain a similar trend
- The bearish move during the first few days of June, dragged both the prices to mark monthly lows from where both the asset rebounded firmly
- The Ethereum price after rebounding from its lows at -48%, consolidated for a while and rebounded finely to achieve -17.72%
- On the other hand, Ethereum Classic is presently trading at +3.11% after a month-long consolidation between -24% to -36%
Correlation of ETC Price Comparison with BTC
- Ethereum Classic price displayed a similar trend with both the trading pairs, USDT & BTC including the recent recovery
- Bitcoin pairs appear to be pretty strong compared to that of USDT and could continue to do so as buying volume has piled up significantly
- The ETC/USDT pair dropped hard to hit -40% and consolidated below -25% for a long time. However, the asset has rebounded finely to hit +3.12% at the press time
- Conversely, ETC/BTC maintained strength while the USDT pair was tanking down heavily and with the recent recovery, the prices shot up to +30.91%
FACTORS AFFECTING ETC Price
- The upcoming Ethereum Merger is expected to witness massive expulsion of ETH miners who are presently working on PoW to Bitcoin or other chains. Currently, the ETC hash rate is slowly rising which may spike with the merger
- The ETC platform is expanding itself rigorously to DApps, DEXs, DeFi’s, NFTs and many other projects
WHERE & HOW TO BUY Ethereum Classic (ETC)
Want to buy Ethereum Classic (ETC)? Do it in just 3 simple steps:
- Download CoinDCX App on your smartphone
- Register yourself by entering the details required and wait for verification
- Once done, fund your wallet and buy ETC
Investing in any asset is simple & safer with CoinDCX’s Crypto Investment Plan(CIP) where you can invest in easy weekly installments. Therefore, start investing in Bitcoin & other cryptos with Crypto SIPs now.
What is Ethereum Classic?
Ethereum Classic is the unaltered, original Ethereum chain from which Ethereum was forked for better future perspectives.
Is ETC a good investment in 2022?
ETC price in recent times is displaying huge potential to surge and maintain a firm upswing. Therefore, it can be considered a good investment option.
Will ETC's price reach 3000 in 2022?
Ethereum Classic price is expected to trade above INR 3000 at around INR 3400 or INR 3600 by the end of 2022.
What will be the Ethereum Classic price by 2023?
By the end of 2023, the ETC price is expected to surge beyond INR 4000 and also witness a minor pullback.
What will be the Ethereum Classic price by 2024?
The price of Ethereum Classic is expected to surge above INR 7000 by the end of the year 2024.
What will be the Ethereum Classic price by 2025?
The ETC price is expected to mark its presence above $10,000 and could also reach INR 10,500 too.
Disclaimer: Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. In case you have any queries, write to [email protected].
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