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. Ethereum Classic is in fact the legacy chain of Ethereum, and its true creators are therefore the original Ethereum developers — Vitalik Buterin and Gavin Wood.
ETC is down by 2% today at time of writing (15 Dec2022). 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. Known Analysis company Santiment has conducted an analysis of bullish and bearish signs in on-chain and social data for ETC and the result is mixed.
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