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Ethereum Classic (ETC) Price Predictions: Where Will the Ethereum Rival Go Next?

ether (CCC:ETH USD) starts the week with a sprint, similar to other altcoins. The second largest crypto has hit new all-time highs, including the recent milestone of surpassing $3,000. Now, alongside Ethereum’s success, investors are keeping an eye on it Ethereum Classics (CCC:ETC USD) profitable weekend. Ethereum Classic (ETC) price predictions split on the Ethereum fork.

Source: Shutterstock

Ethereum and its classic counterpart are similar, but don’t confuse them. Differing in 2016 after a hack revealed security vulnerabilities in the original blockchain, each crypto offers different pros and cons. The main difference is in safety vs. efficiency; Ethereum builds on improving the efficiency of the original blockchain, while Ethereum Classic focuses on keeping its smart contracts secure.

Ethereum obviously has greater investor support. However, ETC is still a well-known crypto game with a lot of its own support. A huge catalyst for ETC is coming along greyscale Going all-in on the coin. Ethereum Classic reports that the crypto trust has a stake of over 161,000 ETC.

Ethereum Classic (ETC) price predictions are rising

Even though it’s currently less popular with investors than its flashier sibling, Ethereum Classic is still a reliable crypto game. And with newfound institutional support, Ethereum Classic (ETC) price predictions are hot, but not necessarily optimistic. Let’s take a look:

  • DigitalCoinPrice predicts that ETC will end 2021 with some seriously big gains. Their forecast for the crypto is above $75 by December.
  • The Economy Forecast Agency is more optimistic with a forecast of over $132 by the end of the year. While bullish on short-term gains, they see ETC fizzle out in the long-term. They predict that it will eventually return to below $100 levels in the coming years.
  • Conversely, Gov Capital forecasts relatively modest earnings for ETC this year but has a high long-term outlook. They are pricing ETC at just over $50 through the end of 2021, but around $120 in the coming years.

At the time of publication, Brenden Rearick held no position (neither directly nor indirectly) in the securities mentioned in this article.

Article printed by InvestorPlace Media, https://investorplace.com/2021/05/ethereum-classic-etc-price-predictions-where-will-the-ethereum-rival-go-next/.

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