What a day it was for investors in Classic Ethereum (ETC-USD). This token has jumped over 40% in the last 24 hours, at the time of writing. As a result, it is no surprise to see interest in Ethereum Classic price predictions increasing.
We’ll get to those predictions in a minute. But first, let’s talk about what’s driving this rally today.
Much of the interest in Ethereum Classic is tied to Ethereum (ETH-USD) itself. A fork of the Ethereum blockchain, Ethereum Classic is often considered the “younger brother” of the more established ecosystem juggernaut.
While many have lost focus on Ethereum Classic, for good reason, there are many who are looking back at this blockchain. This is mainly because the Ethereum merger now has a semi-fixed date of September 19. This merger will transform Ethereum into a proof-of-stake blockchain, making proof-of-work mining on Ethereum obsolete.
So, for miners looking for an Ethereum-like blockchain to mine, there is always Ethereum Classic. As a result, along with Ethereum founder Vitalek Buterin’s positive comments on Twitter, as well as a recent AntPool investment of $10 million, investors have a number of catalysts to watch for for this project.
Let’s dive into these expert price predictions, shall we?
Ethereum Classic Price Predictions
For context, ETC is currently trading at $39.75 per token, at the time of writing.
- walletinvestor provides a 1-year and 5-year forecast of $39.09 and $95.22, respectively, for ETC.
- In the same way, Capital govt. ETC projects could be worth $56.19 in one year and $232.53 in five years.
- To finish, Digital Coin Prices offers an average price target of $59.54 for 2023 and $94.11 for 2027.
As of the date of publication, Chris MacDonald had (neither directly nor indirectly) any position in the securities mentioned in this article. The opinions expressed in this article are those of the author, subject to InvestorPlace.com publishing guidelines.