Home Altcoins News Will Ethereum Classic (ETC) Touch $350 and more in 5 years From Now?

Will Ethereum Classic (ETC) Touch $350 and more in 5 years From Now?

Ethereum Classic ETC

The community believes that ETC is a secret treasure.  There are very few people talking about it. Investors need to understand why they need to be invested in ETC.  They have to check price predictions, understand what might give value for ETC in the future, and more.

Around January 7th, 2021 ETC was at $7.31 range and it was consolidating a lot and later it began picking up a little bit around February 14, 2021 at $16.10 range where it consolidated a bit and dropped down to $10 to $11 ranges during March 1, 2021.  Further as the bull market picked up the price was at $20 during April 12, 2021 and later it shot all the way up on April 17, 2021 $44.60 and now the price is trending at $49.61 range.

So, to get a rough picture, the all-time low was at $0.4524 on July 25, 2016 and the all-time high somewhere at $49.67.

The plus points for ETC is that it is going to be the only PoW smart contract with fixed supply.  It has store of value characteristics.  And it is being considered to being used to power the (IOT) Internet of things.  The IOT market is expected to be around 11 trillion dollars in the next three years.

Due diligence is important in any kind of financial advice.  Looking at predictions from CoinLiker about the price prediction through 2020, 2021, 2023, 2025, and 2030 many of them feel this can be the most promising target for ETC’s future price and at the end of 5 years they expect it to be at $354.14.

This price prediction is based on the expectation that the developers will improve scalability and interoperability which is important to attain greater highs. The dips that happen are normal as the trends will eventually lead to new all-time highs. Many of them are prospecting a $100 price target this year. Whether it will stay at $100 is something that is yet to be seen.  Touching up price points is one thing and sustaining there without any resistance is another thing.

ETC has the same principles and characteristics of BTC and ETH and therefore makes it a good reason to invest with it.  The supply is fixed and therefore scarce. It can be used as a store of value.

For clarity, Ethereum Classic Labs provides funding, industry connections, and other resources to burgeoning ETC projects and business looking to build on top of the Ethereum Classic blockchain. With office space in San Francisco and Singapore, Ethereum Classic Labs’ long-term goal is to accelerate the development of the Ethereum Classic community &ecosystem.

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dan saada

Dan hold a master of finance from the ISEG (France) , Dan is also a Fan of cryptocurrencies and mining. Send a tip to: 0x4C6D67705aF449f0C0102D4C7C693ad4A64926e9

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