There have been comments floating around the markets are set to flatten. While a periodic downtrend is normal, a drawdown is simply not in the cards. Crypto has grown and with it the investor pool. We have put together predictions for 2023 through 2033 for Ethereum Classic to help you get started.
What You Need to Know About Ethereum Classic and Recent Price Changes
Ethereum Classic was initially launched in 2015 and has been making waves ever since. Ethereum Classic focuses on smart contract functionality and sits at #23 on the list of top 100 cryptocurrencies. Despite the strenuous year for crypto in general, the currency has managed to hold onto a great deal of its value. In the last three months Ethereum Classic has fallen by 39.93% and has also decreased even further by 2.40% in the last week.
Ethereum Classic Price Predictions for 2023- 2026
The price of Ethereum Classic can change anytime, but according to our predictions, 2023 will bring with it a range of $42.77 at the lowest and $54.43 at the highest. 2024 gives us an optimistic outlook with average pricing settling at $68.04 and highs topping out at $73.87. The following year in 2025, Ethereum Classic prices will continue to grow with the increased adoption of crypto across all sectors giving us an expected high of $93.31. There may be a short-term sell-off in 2026 resulting in lows of around $101.09, but if the price remains stable the averages will settle around $106.92 for the year.
Ethereum Classic Price Predictions for 2027- 2029
Going into 2027 regulations are anticipated to come into effect which will put the market into a short lull. If it does, lows of $120.53 can be expected, but if the market rallies instead, highs of $132.19 will be within the realm of possibility. 2028 will be a bull year as the typical crypto cycle comes around. Average prices of $145.84 and lows of $139.96 should signal a good time to buy in. 2029 will see the prices surge as Ethereum Classic achieves a new ATH high of $171.07. In the same year the average rate will settle around $165.24.
Ethereum Classic Price Predictions for 2030- 2033
A lot of things are going to pop off in 2030, and the price of Ethereum Classic is one of them. Look for highs of $190.51 as the crypto market steps into its own. Averages for the year will hit $184.68, while lows are going to be around $178.84, which is still profitable. The following year, 2031 will see a moderate gain with averages coming out to $198.81, but 2032 will exhibit lows of $204.75. At the ten-year mark in 2033, Ethereum Classic may reach highs of $221.14 or linger in the lows of $217.47 if the market decides to bottom out.
Will Investing In Ethereum Classic Still Produce a Profitable ROI?
Ethereum switching over to PoS and the rest of the industry is set to see a dramatic change in the status quo. For Ethereum Classic, that means that the upgrade will boost popularity across any platform that has ETH as a base, including Ethereum Classic. With transaction fees remaining the same but service improving, a boost in the base price is to be expected.
Disclaimer: The crypto-currency market suffers from high volatility and occasional arbitrary movements. The information listed here is not financial or investing advice. Readers should research various viewpoints and check local regulations before committing to an investment. Nothing written above is to be considered as trading or investment recommendations.