Ethereum Classic, created as a hard fork of Ethereum, has been gaining value steadily since the last week of January 2022. At the time of writing, it was still rallying.

If you’re interested in learning more about Ethereum Classic (including what it is and whether or not it’s worth it, as well as the best places to purchase it now), then our guide will help you.

Top spots to buy Ethereum Classic now

Binance

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eToro

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What’s Ethereum Classic?

Ethernet Classic launched as a hard fork. The two networks have been trying to distinguish themselves with their technical roadmaps becoming more distinct with each passing year.

The hard fork was a result of a major hack. It first sought to preserve the integrity and security of the Ethereum blockchain.

ETC was developed by Vitalik Buterin, Gavin Wood, and both are original Ethereum developers. It is Ethereum’s legacy chain.

Since its inception, the legacy network has attracted a larger fan base, including Grayscale CEO Barry Silbert. It is a voluntary organisation and its developers do not intend to make the ecosystem a for-profit entity.

ETC uses a PoW-mining algorithm and started in a similar technical state as ETH. The only difference is how DAO hack transactions were handled.

Since the beginning there have been many changes in tokenomics. In 2017, participants voted to cap the supply of ETC at 210,700,000 ETC, around tenfold that of Bitcoin. ETH cannot be capped.

Should it be bought today?

Ethereum Classic could be a good investment. We recommend that you read at least a few price predictions and study the market before making any commitments. It is possible to reverse recent gains much more quickly than you might think.

ETC price prediction

ETC gained around 50% since hitting a low point on January 24. CoinCodex forecasts that it will drop to $31. 61 in the next few days.

According to Wallet Investor, 1 ETC will trade for $64.8 this time next year and for $199 in February 2027.

Digital Coin is slightly less bullish, predicting the ETC price will average $45 this year and go up to $72 in 2025.

Ethereum Classic for social media

Isn’t she beautiful? #ETC #ETCARMY #NFTCommunity #blockchain #EthereumClassic #NFT #NFTs #cryptocurrency #crypto pic.twitter.com/I0IieGQusm

— ClassicSavages (@ClassicSavages) February 9, 2022