The Crypto market is gradually gaining the attention of investors from industries. To draw newcomers to the market, new cryptocurrency projects are being developed on the market. Ethereum Classic (ETC) is one of these projects that is able to allow developers to develop and run smart contracts.
ETC was down by roughly 5% in the last two days. While this might seem like a small drop, the key takeaway was that it threatened to push the price back into the narrow support and resistance range. A bullish argument is made by Ethereum’s shark and whale addresses. The optimism of being in the final leg of the year, and the fast-approaching holiday season and new year. The price volatility of this crypto has reduced. This could boost the social sentiments of investors and traders. Which would uplift the price up to a maximum of $22.30 by the end of the year.
ETC was down by roughly 5% in the last two days. While this might seem like a small drop, the key takeaway was that it threatened to push the price back into the narrow support and resistance range. A bullish argument is made by Ethereum’s shark and whale addresses. The optimism of being in the final leg of the year, and the fast-approaching holiday season and new year. The price volatility of this crypto has reduced. This could boost the social sentiments of investors and traders. Which would uplift the price up to a maximum of $22.30 by the end of the year.
- Ethereum Classic Price Prediction 2023 analysed by Coinpedia is maximum of $26.99 by the end of 2023.
- ETC could cross the $150 mark by 2030
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Ultimately, Santiment summarizes:
Overall, Ethereum’s on-chain and social metrics are about as mixed as the crowd’s perspective is. […]Long-term? […] Ethereum is very likely closer to its upcoming 3-year low vs. its 3-year high. But are we at maximal pain? Probably not yet.
Overall, Ethereum’s on-chain and social metrics are about as mixed as the crowd’s perspective is. […]Long-term? […] Ethereum is very likely closer to its upcoming 3-year low vs. its 3-year high. But are we at maximal pain? Probably not yet.
By 2030 most likely will be true that it will be over that amount of 150 dollars,this coin had its all time high last year I think in 179 dollars so chances are as long as it can run smart contracts and be mineable which it is,chances are high for this coin to do well in the long term.
The only problem which I believe is a major problem for all the cryptocurrencies in general is that in short to mid term they will fail to go to good levels in price,we have to be patient.
