Ethereum Classic (ETC) price prediction

What does the future hold for the price of Ethereum Classic, and what factors affect the value of this popular digital currency?

Last updated:

We value our editorial independence, basing our comparison results, content and reviews on objective analysis without bias. But we may receive compensation when you click links on our site. Learn more about how we make money from our partners.

When the decentralized autonomous organization (the DAO), a venture capital fund built on the Ethereum platform, was hacked in June 2016, it caused a rift in the Ethereum community. Some wanted to perform a hard fork and roll the blockchain back before the hack occurred; others argued that any outside interference with the blockchain goes against the core philosophy of cryptocurrency.

After much debate, the hard fork went ahead and created what we now know as Ethereum (ETH), while the original Ethereum blockchain remained in place and became known as Ethereum Classic (ETC).

So, with the origin story out of the way, should you buy Ethereum Classic? To answer this question, you’ll first need to examine the factors that can have an impact on its price.

Learn more Where to buy Ethereum Classic (ETC)

Disclaimer: This information should not be interpreted as an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade.

Quick facts

Ethereum Classic ETC

Coin nameEthereum Classic
SymbolETC
Algorithm typeEthash
MineableYes
Launch dateJuly 30, 2015

Ethereum Classic price prediction

Cryptocurrencies are known for their volatility and substantial price fluctuations, but it’s also important to be aware that they are also very complicated digital assets. An extensive range of internal and external factors can affect the price of any crypto coin or token, so you’ll need to assess all those factors before deciding whether or not you should buy.

Some of the issues that could have a bearing on the price of Ethereum Classic this year and beyond are detailed below.

What could drive Ethereum Classic’s growth?

  • Supply and demand. According to CoinMarketCap at the time of writing (3/15/18), the circulating supply of ETC was 100,507,465. ETC is inflationary through block rewards until the year 2025, when its coin supply will be capped at 210 million.
  • Availability. ETC is available on a wide range of cryptocurrency exchanges. This ease of access increases its credibility, and its availability in a variety of trading pairs allows new investors to buy into the cryptocurrency without too much hassle.
  • All the benefits of Ethereum. Just like Ethereum, Ethereum Classic offers smart contracts and dapps, and it can also host cryptocurrency ICOs. These features have seen Ethereum grow to the world’s second-largest cryptocurrency by market cap and demonstrate that Ethereum Classic is built on a solid foundation.
  • Development team. ETCDEV Team is an independent team of software engineers and professionals in software development who work full-time on developing and improving Ethereum Classic. They maintain a detailed roadmap to keep the community up to date and regularly provide information about the projects they’re working on.
  • Strong community backing. ETC is also backed by a vibrant and active community committed to the core principles and philosophies of cryptocurrencies, including an immutable blockchain. This was a crucial factor in the creation of ETC and also contributes to its ongoing development.

What could hold Ethereum Classic back?

  • Lack of uptake. In order for demand for ETC tokens to increase, the Ethereum Classic platform will need to achieve widespread adoption. Whether or not it can reach this goal remains to be seen.
  • Competition. There are several other crypto projects devoted to dapps and smart contracts, including NEO, Qtum and Lisk. In particular, Ethereum Classic risks being overshadowed by its (currently) much bigger and better-known sibling.
  • Confusion. Confusion among the general public about the differences between Ethereum and Ethereum Classic could also cause problems. It’s quite difficult for someone new to cryptocurrency to grasp the important differences between the two projects, and this could hamper public perception of Ethereum Classic’s credibility.
  • Scalability problems. As Ethereum Classic grows, it will need to overcome the problem faced by many other blockchain projects – scalability. While the development team plans to use sidechains to improve scalability, and sharding is on the roadmap for 2019, the success (or otherwise) of these projects may have a big influence on the price of ETC.

Where to buy Ethereum Classic

Name Product Deposit methods Fiat Currencies Supported Cryptocurrencies
Electronic Funds Transfer
Bank transfer (SEPA)
Wire transfer
USD, EUR, GBP, JPY, CAD
BTC, ETH, XRP, BCH, EOS, LTC, ADA, XLM, DASH, XMR, USDT, ETC, QTUM, ZEC, REP, DOGE, GNO, MLN, ATOM, XTZ, SC
Buy, sell and trade a range of digital currencies on this high-liquidity exchange – suitable for beginners right through to advanced traders.

UK residents: In addition to normal crypto trading, Kraken offers margin lending. As this is a regulated activity which they are not authorised to offer in the UK, we advise you not to use this service. If you're interested in margin trading, see authorised providers.
Credit card
Debit card
PayPal
Wire transfer
Local Online Banking
EUR, GBP, NZD, USD, AUD, CAD, CHF, NOK, ZAR, JPY, SEK, TRY, HUF, PLN
BTC, ETH, BCH, XRP, DASH, LTC, ETC, ADA, MIOTA, XLM, EOS, NEO, TRX, ZEC, XTZ
Disclaimer: Highly volatile investment product. Your capital is at risk. 75% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. US users have limited access to some of eToro’s features.

Copy the trades of leading cryptocurrency investors on this unique social investment platform. Non-US residents can read our review of eToro's global site here.
Cryptocurrency
-
BTC, ETH, XRP, BCH, EOS, XVG, LTC, ADA, MIOTA, TRX, NEO, DASH, XMR, XEM, VET, ETC, ICX, QTUM, OMG, & 70+ more
Buy and trade 100+ cryptocurrencies on this global cryptocurrency exchange.
Credit card
Debit card
USD, EUR, GBP
BTC, ETH, XRP, BCH, EOS, LTC, XLM, ETC & 5+ more
Get US$10 in free bitcoin when you buy US$100 or more of any crypto. T&Cs apply.
Buy and sell major cryptocurrencies on one of the world's most renowned cryptocurrency exchanges.
Cash
Credit card
Debit card
Bank transfer (SEPA)
USD, EUR
BTC, ETH, ETC, BCH, LTC, ADA, QTUM, XRP
Buy coins like Bitcoin, Ethereum, Ripple, Litecoin and Bitcoin Cash with credit card.
Credit card
Cryptocurrency
USD
BTC, BCH, MIOTA, XVG, NEO, ADA, XRP, TRX, ONT, ZIL, GAS, LTC, ZRX, QTUM, ETH, ETC, VET, ICX & 300+ more
CoinSwitch allows you to compare and convert over 250 cryptocurrencies across all exchanges.
Credit card
Debit card
USD, EUR
BTC, BCH, ETH, XMR, ZEC, DASH, XRP, ETC, LTC, DOGE, XLM,1ST, ADX, AMP, ANT, BAT, & 75+ more
Access competitive crypto-to-crypto exchange rates for more than 35 cryptocurrencies on this global exchange.
Bittrex Digital Currency Exchange
Cryptocurrency
Wire transfer
USD
BTC, ETH, BOXX, XVG, SC, XRP, DOGE, STRAT, XMR, ADA, OMG, ETC, BCC, XLM, DGB, UKG, & 128+ more
Buy from one of the largest cryptocurrency exchanges with a selection of over 190+ cryptocurrencies and 3 USD pairings.
Exmo Cryptocurrency Exchange
Credit card
Cryptocurrency
Debit card
Payeer
Perfect Money
Bank transfer (SEPA)
Wire transfer
USD, EUR, RUB, PLN, UAH
BTC, BCH, ETH, ETC, XRP, KICK, DASH, WAVES, ZEC, XMR, LTC, DOGE, USDT, ADA, INK
A UK-based cryptocurrency platform that provides buyers with a wide variety of payment options.
YoBit Cryptocurrency Exchange
AdvCash
Cryptocurrency
Payeer
Perfect Money
USD, RUB
BTC, BTG, DASH, ETH, LTC, DOGE, WAVES, LSK, BCC, TRX, ABYSS, PAC, ZEC, XVG, EOS, ETC, & 404+ more
Pay in USD, RUB or trade crypto to crypto at this Russian-based cryptocurrency exchange with hundreds of coins listed.

Compare up to 4 providers

Read our step-by-step guide to find out more about buying Ethereum Classic

What’s coming up in Ethereum Classic’s roadmap

Future tech upgrades, wallet releases and corporate partnerships can all impact the price of a cryptocurrency. The Ethereum Classic development team (ETCDEV Team) maintains a detailed roadmap on its website, outlining key goals and milestones to be achieved right up until 2020. Some of the important developments listed include:

  • Remove Difficulty Bomb – April 2018. This will change ETC’s mining difficulty.
  • Emerald Wallet for mobile – beta version in April 2018, full release in June 2018.
  • Release dapp software development kit – July 2018. This toolkit will allow developers to build applications that run on Ethereum Classic.
  • Sidechains – architecture introduced in February 2018, working prototype in May 2018, support in Emerald Project July 2018. Sidechains are designed to add scalability and bring ETC to the Internet of Things (IoT).
  • Enable new opcodes for compatibility with Ethereum – May 2018.
  • SputnikVM optimizations and Just-in-Time Compilation – August 2018. SputnikVM is a next-generation Ethereum Virtual Machine (EVM) designed to be compatible with different types of Ethereum blockchains and with IoT.
  • InterPlanetary File System (IPFS) integration to Emerald Project – October 2018.

The roadmap also features the following goals for 2019:

  • Scalability improvement and sharding (towards 1,000+ transactions per second).
  • Light client for IoT and mobile.
  • Interoperability with other blockchains.
  • Improve cryptography on EVM (for zero-knowledge proof, homomorphic encryption, etc).

Ethereum Classic’s competition

You’ll also need to consider how Ethereum Classic stacks up against its competitors, as this could have either a positive or negative effect on future price movements. Some of the other smart-contract and dapp platforms you’ll need to consider include:

  • Ethereum (ETH). The biggest smart-contract platform of the lot, Ethereum is the world’s second-largest cryptocurrency and hosts a huge range of dapps. When the hard fork occurred, the majority of the community sided with Ethereum over Ethereum Classic, and ETC’s success will always be measured (at least in part) by how it stacks up against its sibling.
  • NEO (NEO). Commonly referred to as China’s Ethereum, NEO is a much-hyped platform for the creation of smart contracts and digital assets. It’s also a top 10 cryptocurrency in terms of market capitalization.
  • Lisk (LSK). Designed to make it as easy as possible for businesses and developers to create custom blockchain applications, Lisk is built in JavaScript.
  • Qtum (QTUM). Combining bitcoin’s secure blockchain with the Ethereum Virtual Machine, Qtum is a dapp platform designed for business.
  • Cardano (ADA). Launched in 2017, Cardano is an open-source smart-contract platform built in the Haskell programming language. It’s also one of the top 10 cryptocurrencies by market cap.

Beyond 2018: What does the future hold for Ethereum Classic?

Looking toward the second half of 2018 and beyond, there are two main challenges facing Ethereum Classic: achieving widespread adoption and tackling the scalability problem.

Breaking into the mainstream will be a big hurdle. Not only is this a very crowded and competitive space, but ETC must also go up against its bigger and much more established older brother.

While Ethereum Classic is not yet facing the same volume of transactions as the Ethereum network, the development team is planning for the future with the introduction of sidechains. The team admits this will be a big and very challenging task, and whether or not it’s successfully achieved in 2018 could have a big impact on the price of ETC in future years.

The team’s focus on bringing Ethereum Classic to IoT should also be watched with interest. Make sure you stay up to date with the latest news and announcements from ETC to check how it’s tracking toward the goals outlined on its roadmap.

Bottom line

The bottom line with Ethereum Classic (and with any other cryptocurrency) is that you should always do thorough research before you buy. With a strong focus on development and a clear plan for the future, ETC definitely has potential. However, there are significant hurdles to be overcome before that potential can be realized, so carefully assess a wide range of ETC price factors before deciding whether or not you should buy any tokens.


Images: Shutterstock

Disclaimer: Cryptocurrencies are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the cryptocurrencies discussed.
At the time of writing, the author holds IOTA and XLM.

Was this content helpful to you? No  Yes

Ask an Expert

You are about to post a question on finder.com:

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder.com provides guides and information on a range of products and services. Because our content is not financial advice, we suggest talking with a professional before you make any decision.

By submitting your comment or question, you agree to our Privacy and Cookies Policy and Terms of Use.

Questions and responses on finder.com are not provided, paid for or otherwise endorsed by any bank or brand. These banks and brands are not responsible for ensuring that comments are answered or accurate.
Go to site