It’s been a big week for Ethereum Classic (ETC). The price of the cryptocurrency surged to new all-time highs, propelled by a wave of buying demand from South Korea.
The rally has continued today, with ETC climbing above $30 for the first time ever. At the time of writing, Ethereum Classic is trading at $31.
50, up almost 20% in the last 24 hours.
The rally in Ethereum Classic comes as investors are becoming increasingly bullish on the cryptocurrency due to its strong fundamentals. Ethereum Classic is a fork of Ethereum (ETH), which means it has all of the same features and benefits of Ethereum but without the expensive fees associated with ETH.
NOTE: WARNING: Ethereum Classic (ETC) is a volatile cryptocurrency, and its value can change drastically from moment to moment. Making predictions about its future value is extremely risky and unpredictable. There is no guarantee that Ethereum Classic will reach 100 or any other specific value. Investing in cryptocurrencies carries a high level of risk, and you should always consult a financial advisor before making any investment decisions.
Investors are also attracted to Ethereum Classic because it has a strong development team and a growing community. In addition, ETC is one of the few major cryptocurrencies that is not yet listed on Coinbase, which is seen as a positive by some investors who believe it will eventually be added to the popular exchange.
The recent surge in price has led some analysts to predict that Ethereum Classic could reach $100 in the near future. While this may seem like a stretch, it’s important to remember that cryptocurrency prices are highly volatile and anything is possible in this market.
In conclusion, only time will tell if Ethereum Classic will reach $100 but there’s no doubt that it has the potential to do so given its strong fundamentals and growing community support.
8 Related Question Answers Found
When it comes to Ethereum, there is no doubt that it is one of the most popular cryptocurrencies in the world. In fact, Ethereum is the second largest cryptocurrency by market capitalization, behind only Bitcoin. However, there are some who believe that Ethereum could one day become the largest cryptocurrency by market capitalization.
As the world’s second largest cryptocurrency by market capitalization, Ethereum has had an eventful year. The price of ETH started off 2020 below $200 and hit an all-time high above $1,400 in early January 2021. From there, the price corrected to around $700 before resuming its uptrend.
It is no secret that Ethereum has been struggling as of late. The past year has seen the value of ETH drop by over 80%. This has led many to wonder if Ethereum will ever hit $1,000 again.
When Ethereum launched in 2015, it was worth less than $2. By the end of 2017, Ethereum had reached an all-time high of $1,000. But 2018 was a tough year for Ethereum, and the price fell to around $100 by the end of the year.
In India, the price of Ethereum has been on a rollercoaster ride in recent months. In January, one ETH was worth around Rs. 12,000. By early February, it had surged to Rs. 25,000.
As of early 2018, 100 US dollars buys you about 0.11 Ethereum. Ethereum is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of fraud or third party interference. Ethereum is still in its early stages and thus carries a great deal of risk.
If you had invested 100 in Ethereum in 2015, you would have made an ROI of over 35,000%. Here’s a breakdown of how your investment would have grown over the past 5 years:
2015: $100 would have bought you 0.31 ETH. Today, that same amount of ETH is worth $350.
2016: $100 would have bought you 0.47 ETH.
As the second-largest cryptocurrency by market capitalization, Ethereum has had a wild ride over the past year. After hitting an all-time high of over $1,400 in January 2018, the price of ETH plummeted to around $100 by the end of the year. However, Ethereum has staged a remarkable recovery in 2019 and is currently trading at around $230.
