Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency Trading => Cryptocurrency Price Speculations => Topic started by: MUGNIA on January 11, 2024, 03:37:44 PM
-
According to data the price of ETC is currently $30 and ETC is currently ranked No.21 in the entire crypto ecosystem and as we know the price of Ethereum Classic is on the rise recently, and many people are wondering what the future holds for ETC. Will there be progress or even reach the highest score from the previous year?
Do you have a price prediction for ETC in the upcoming halving?
-
According to data the price of ETC is currently $30 and ETC is currently ranked No.21 in the entire crypto ecosystem and as we know the price of Ethereum Classic is on the rise recently, and many people are wondering what the future holds for ETC. Will there be progress or even reach the highest score from the previous year?
Do you have a price prediction for ETC in the upcoming halving?
I did not know ETC would be a good choice to invest in for the long term, I did hear of it from a few fellows on the local board but never gave any importance to looking at this piece, and now due to your post, I gave a glance on its fundamental part and I think it is a good choice to invest some funds in it. The halving would be around Feb and it still lies in a good price tag of around $26.
In my opinion, it can easily break its ATH and if it does then we can easily make 10x from it. Better than anything, besides this, ETH is improving and new layers are coming with the development of ETH this ETC will involve and the ration between ETH and ETC is 1:1 which is also a good thing for miners.
-
People should see this type of coins to be more volatile and of high risks.
In 2020, there was a time ETC was at almost $3. It got to $180 in 2021. That was awesome right? It fell to $12.6 and now at $25.5.
If anyone invest at $150, the person is losing almost 5.9 times now. It will not be surprising if many altcoins do not get to all-time-high.
As for the price speculation, I guess ETC may reach $100.
-
Ethereum Classic is still based on the principle of proof of work, which has not become attractive in recent years because investors prefer staking. So why should I buy tools and do mining and then think about selling those tools and consuming energy and space when I can buy with that money POS coin and get an APY of 3% to 5? % safely and the coins are in my wallet without any effort.
My prediction is that Ethereum Classic will reach 50% of the highest price at best.
-
Not much people are investing in ETC because they prefer ETH to it, and that is why you see that the price is still as low as it is. The risk is high and nobody wants to run at loss. As for the price prediction, it should not go above $200 if it happens to have a new ATH. If ETC is on the rise, then it should be that the price is being affected by the news of the approval of ETH ETF which says it will be approved by May this year. The approval of bitcoin ETF by SEC has brought hope for most crypto currency to also have their ETF
-
I totally forgot that ETC even existed, its quite good, I mean its 24th ranked so its not really that low neither, its doing quite well. I think its great that people still have high hopes for things that they care about. I know that its going to be something that would be risky to invest into it, considering its literally the alternative version of something else, but it looks like it did a fine good job. With miners and all, they are getting quite good attention. When the bull comes, I can see it ranking up higher, to me, the price doesn't matter, its the ranks, because ifs ranking higher ,then its doing better than other assets as an investment, and this might just do that.
-
When the bull comes, I can see it ranking up higher, to me, the price doesn't matter, its the ranks, because ifs ranking higher ,then its doing better than other assets as an investment, and this might just do that.
Market capacity is not a good criterion for judging any cryptocurrency as good or bad, or at least a good or bad investment.
This is not true. If the arrangement is important, it can easily be manipulated (which is what will happen). If you create a currency with a total supply of 10 million and succeed in selling 1 million of them at a price of 100 dollars, its market value will rise to 100 million dollars, while the truth is that it is 10 million dollars of investments, so market capacity is a wrong measure for ranking cryptocurrencies.
-
According to data the price of ETC is currently $30 and ETC is currently ranked No.21 in the entire crypto ecosystem and as we know the price of Ethereum Classic is on the rise recently, and many people are wondering what the future holds for ETC. Will there be progress or even reach the highest score from the previous year?
Do you have a price prediction for ETC in the upcoming halving?
I'm just waiting for the ETH approval hype wave I'm bullish on ETC but to defend my positions and my planned targets I needed an idea of how the ETC behaves in that hype wave if it has a positive impact on the ETC as well, I'm damm sure that we can even exceed the previous cycle ATH.
DYOR, haha it might look like I'm thinking so high but I think this is still quite realistic when we compare it with the upcoming growth under the legal standards.
-
(https://i.imgur.com/KasQg2D.png)
(https://i.imgur.com/BPYukb8.png)
Currently, the price is still very good compared to the initial price, and the sign is quite good. The current price of $25.01 is certainly higher than initial expectations. It must be remembered that ETC, can also create an ATH of $167.09, and of course, this is very high compared to the initial price.
I think if bitcoin moves, then ETC. will also follow, and that's a normal thing because everything is based on bitcoin.When the market is bullish, we will see that ETC. will be able to move well and be able to match its recent ATH record. There is always agreement because there are many interested people who invest in ETC. with the current ranking still in a potential position, and there is always hope.
-
The truth is that, people can actually predict the price of a coin with a look at the price history in the past years, but you can not say for sure if the prediction can be 100% accurate. If you want to invest into ETC, I will suggest you only invest the amount that will not affect you if the price becomes volatile and drop drastically. Although, the Bitcoin bull Run usually leads to a pump in other alt coins, so you don't know if it might be ETC turn this time.
-
Market capacity is not a good criterion for judging any cryptocurrency as good or bad, or at least a good or bad investment.
This is not true. If the arrangement is important, it can easily be manipulated (which is what will happen). If you create a currency with a total supply of 10 million and succeed in selling 1 million of them at a price of 100 dollars, its market value will rise to 100 million dollars, while the truth is that it is 10 million dollars of investments, so market capacity is a wrong measure for ranking cryptocurrencies.
That is just for newly founded things, this is ETC, you can't do that. To be able to do what you are talking about, there needs to be some low amount of liquidity, preferably none at all. If I create a token with 10 trillion coins, and sell you one of them for 1 dollars, I have technically 1 trillion dollars worth of coins. But if you are ETC, you can't do that because millions of it is being traded as we speak, there is a limit to it. That "fake the value" thing can be done only at very very few tiny coins and tokens, not at high ranked ones. ETC is big enough that it would matter if it would get a higher ranking.
-
The truth is that, people can actually predict the price of a coin with a look at the price history in the past years, but you can not say for sure if the prediction can be 100% accurate. If you want to invest into ETC, I will suggest you only invest the amount that will not affect you if the price becomes volatile and drop drastically. Although, the Bitcoin bull Run usually leads to a pump in other alt coins, so you don't know if it might be ETC turn this time.
You can be sure that everyone will always look at the records that have been made previously, to ensure that what has been done is truly reliable. But, of course, that's not the only factor to be able to judge whether it's worth it or not, because the community continues to provide full support to be able to move forward so that it can continue to improve.
Of course, if there is no confidence in what we are going to invest in, clearly what you say is very good as a reference. Invest with a value that is possible, if something unexpected happens, it will not affect the funds you have and that is very important so as not to make your confidence decline.
The halving period will be here soon. Of course, Bitcoin will increase, and it is certain that potential coins will also increase, including ETC.
-
Market capacity is not a good criterion for judging any cryptocurrency as good or bad, or at least a good or bad investment.
But we are not talking about something that is just recently created, we are talking about ETC here, its already there, and it has high volume and it has liquidity, you can't fake the marketcap of it anymore, its already established. And what I meant was rank, not market cap neither, rank means that if it goes up in rank, that means it went higher than the ones above it, meaning even if the other one went %10 higher, this went %20 higher, that's what matters. I just do not think that as possibility, but I just wanted to make myself clear to get understood a bit better, this is what I meant when I wrote that.
-
ETC is $69 and it seems to pass $70 soon. The ATH of LTC was around $410 (May 2021). If LTC creates a new ATH, I think it should be above $500. However, I'm not really sure about the hype of LTC in this bullish season. If the demand can be quite high, it possible for the new ATH. But if there is no high demand on LTC, we may not see a new ATH on LTC in this bullrun season.
I predict, the highest price of LTC this year is around $300.
-
According to data the price of ETC is currently $30 and ETC is currently ranked No.21 in the entire crypto ecosystem and as we know the price of Ethereum Classic is on the rise recently, and many people are wondering what the future holds for ETC. Will there be progress or even reach the highest score from the previous year?
Do you have a price prediction for ETC in the upcoming halving?
We are all aware that when the halving occurs, the price of Bitcoin will rise, which will have a beneficial impact on the price of altcoins. Because ETC is not a shitcoin, the price will undoubtedly rise. According to my analysis of the chart, there is a weekly supply zone in the $40 level of price that cannot be easily broken. Bitcoin, I believe, will see a significant correction as a result of manipulation before the price rose to form a new ATH, at which point ETC may reach or surpass $40.
-
ETC is $69 and it seems to pass $70 soon. The ATH of LTC was around $410 (May 2021). If LTC creates a new ATH, I think it should be above $500. However, I'm not really sure about the hype of LTC in this bullish season. If the demand can be quite high, it possible for the new ATH. But if there is no high demand on LTC, we may not see a new ATH on LTC in this bullrun season.
I predict, the highest price of LTC this year is around $300.
Sorry, but it seems that you are making a mistake here. The topic is about predicting the price of ETC, not LTC. The two coins, as you know, are different from each other.
You may have gotten confused because the names of the two coins are a little similar, so it is best to modify your post to suit the topic.
-
We are all aware that when the halving occurs, the price of Bitcoin will rise, which will have a beneficial impact on the price of altcoins. Because ETC is not a shitcoin, the price will undoubtedly rise. According to my analysis of the chart, there is a weekly supply zone in the $40 level of price that cannot be easily broken. Bitcoin, I believe, will see a significant correction as a result of manipulation before the price rose to form a new ATH, at which point ETC may reach or surpass $40.
Theoretically, what you say is correct, that when the halving occurs then all altcoins will follow the movement of bitcoin. If bitcoin increases, it is certain that potential altcoins will participate and there are very few that cannot be together to achieve this increase, and ETC is clearly included in it to also participate and to be able to improve.
Unfortunately, currently, when bitcoin is rising, but the movement of ETC is very insignificant and very far from the last % ATH formed, it should be relevant to the movement of bitcoin.
After the halving, Bitcoin usually undergoes a correction first before it increases and continues to form a renewable ATH. While ETC reaching $40 might happen before the halving if Bitcoin continues to increase.