Hello everyone! Welcome to Desiairdrops.com again. Today I am going to discuss another classic cryptocurrency price predictions for 2020, 2021, 2025 and 2030. And that is Ethereum Classic Price Predictions. Let’s move on to the survey!
What is Ethereum?
First of all, all of you know that Ehereum has already existed in the crypto market since 2015. It is an open-source, blockchain-based, decentralized software platform used for its own cryptocurrency, ether. It enables SmartContracts and Distributed Applications (DApps) to be built and run without any downtime, fraud, control, or interference from a third party. So, Ethereum is not only a platform but also a programming language (Turing complete) running on a blockchain. Moreover, it helps developers to build and publish distributed applications.
What is the need of Ethereum Classic (ETC)?
Now, the question is why Ethereum Classic has become much important? Or else, what is the need of Ethereum Classic? Actually, Ethereum Classic is a fork of Ethereum. It is the version of the original Ethereum blockchain including the DAO (Decentralized Autonomous Organization) attack which took place in 2016.
Basically, the DAO was a decentralized sort of venture capital or hedge fund that was going to fund decentralized applications (DAPPs). That built on the Ethereum ecosystem. DAO was set up in such a way would give funders the power to say which DAPPs get funding. The investors have to buy DAO Tokens using Ethereum as the currency to buy them. Thus, DAO tokens integrated holders into the DAO system. Furthermore, it gave them a certain amount of voting power.
Now, the hacker made a recursive function. The function allowed them to repeat the request multiple times. So, they can repeat that function for the same DAO tokens. Of course, before the transaction could be registered. It is really unbelievable. The recursive function was able to run and run until a THIRD of the DAOs funds were drained out. As a result, third of the DAO’s initial fund along with $50 million was stolen overnight. The DAO and Ethereum went into the disarray. And try to find out a proper solution.
The majority decided to stop the blockchain entirely and create ‘something new’ from the lost. The Ethereum community create a fork in order to restore the funds. Ethereum Classic (ETC), the name had been given, the first Ethereum still using original blockchain.
Ethereum Classic Price Predictions Analysis
According to the latest long-term forecast, Ethereum Classic price will hit $5 by the middle of 2019. $10 by the end of 2022 and will rise to $20 within the year 2027. ETC developers have plans of EVM (Ethereum Virtual Machine) backend objective for LLVM. It will help the developers get the opportunity to expose EVM interest to the LLVM community. So, it looks like ETC has got real plans for the entire year. And we can expect the price will reach $4.71 by the end of 2019.
Ethereum Classic Price Prediction 2020
Ethereum Classic might improve on its scalability by 2020. In addition, interoperability with other blockchains, which really a big attempt to get greater heights. As per the ETC roadmap, they have plans of hybrid consensus research and mesh networks into their system by 2020. This will make ETC one of the best cryptocurrencies in the world. Meanwhile, ETC will get more partnerships, due to these upgrades. In the first half of 2020, the Ethereum Classic price will reach to $5.74. By the end of 2020, it will close to $5.87.
Ethereum Classic Price Prediction 2021
Ethereum Classic will start 2021 at $5.87. Then it will fly to $7.19 within the first six months of the year. And will finish 2021 at $8.28. That means +79% from today.
Ethereum Classic Price Prediction 2025
In 2025, ETC will start at $15.50 and in mid-year, it will soar to $16.66. By the end of 2025, it will come up to $17.8. That means +286% from today.
Ethereum Classic Price Prediction 2030
In the middle of 2030, ETC price will reach to $25.95 and will end at $26.97 expectedly. It is about +485% from today.
Here comes to the end of our article on ethereum classic price predictions. I hope you have got clear about ETC and its upcoming prices. Moreover, now you can understand the difference between the Ethereum (ETH) and Ethereum Classic (ETC). One more thing, the forecast is not fixed just indications only. The actual value may change day to day basis.
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Writer, researcher, and analyst on cryptocurrency and blockchain technology at L&P Digitech Pvt. Ltd. Also managing the content with SEO at this current company. Keen interest to know more about new technologies related to the crypto world and blockchain technology. Completed Masters in Computer Application (MCA) and holds Post Graduate Diploma in Instructional Designing with sound knowledge in Articulate3. Out of all, love to travel, listen to music, and to eat also.