In winter, the price of a coin surged up sharply. The project developed successfully, launched new promising projects and attracted large investors from all over the world.īy the end of autumn, the market value of ETC did not rise above $12. Barry Silbert, one of the creators of Digital Currency, began to promote cryptocurrency at Bloomberg Terminal.īy June 2017, the ETC price rose to $20, and the level of market capitalization reached $1 billion, which brought the currency to the top 10 of the CoinMarketCap world rating.īy November, the hype surrounding Ethereum Classic had noticeably subsided. Well-known Chinese investor Chandler Gow said he was going to launch more than 100 projects based on Ethereum Classic. The cryptocurrency position has further strengthened with the advent of the Ethereum Classic Investment Trust, access to the top Chinese options exchanges (BTCC and ETCWin) and cooperation with eminent figures in the blockchain market. Moreover, several development groups took up the development of Ethereum Classic at once, who began to actively promote the site. Beginners were much more willing to choose the old chain, which required less investment than Ethereum. Some miners took their capacities out of the new chain and sent them to Ethereum Classic.
Only a year later, when the cryptocurrency community actively talked about Ethereum problems (reducing network bandwidth, increasing mining complexity, errors in launching smart contracts, and so on), many users turned their attention to Ethereum Classic again. The cryptocurrency market capitalization has grown to $250 million, which at that time was even more than Ethereum.ĭespite the support of the well-known exchange and a significant part of the Ethereum community, for a long time, the price of ETC remained at the same level. However, very soon the Ethereum Classic coin appeared on the American Poloniex exchange and immediately rose in price to $1.4.
The cost of ETH fell from $14 to $10 due to the DAO scandal. December 2022: Ethereum Classic Price ForecastĮTC Price History Analysis Ethereum Classic (ETC) Price ChartĪfter the 2016 hard fork, the price of ETC was only 60-70 cents.October 2022: Ethereum Classic Price Forecast.Ethereum Classic (ETC) Technical Analysis.