In the recent months, we have seen the cryptocurrency market simply exploding. This was all fair as Bitcoin had indeed achieved great things seemingly out of nowhere (at least to those who were not paying attention), but it may well have left out some of the critical elements of the crypto-currency story in general, namely that there are other currencies besides Bitcoin that are worthy of looking into. The one that we want to look at today is the Ethereum Classic price prediction in the coming years.
General Ethereum Classic Predictions
- Pricing is low compared to what some other crypto-currencies are going for these days.
- The short-term expectations are that Ethereum Classic is expected to be choppy.
- Longer-term expectations for the Ethereum Classic price prediction are much more optimistic.
- Some may be able to make money on this currency, given that it has not yet garnered as much attention as some others.
- The long-term trends for this currency show more stability than other cryptos.
Price Predictions For 2018
To say that 2018 is expected to a choppy year for Ethereum Classic may be a bit of an understatement. The general consensus is that the Ethereum Classic price prediction is going to fall throughout this year. Current projection models say that the price may dip to as low as $7 per coin at some point this year (current pricing is closer to $15 per coin). That is no small dip.
While this is the most likely outcome, this is not to say that it is impossible to find a good opportunity to buy the currency. If the currency really does drop as it is expected to do, then it makes sense that you might want to snatch up some of this currency when it hits low points like this. For now, you can probably count on it hitting a lower point than where it stands currently.
Price Predictions For 2020
The predictions for 2020 for Ethereum Classic are somewhat optimistic. Some prediction services are very optimistic saying that the currency could go as high as eighty dollars or so per coin! That is the most optimistic Ethereum Classic price prediction that you will probably find for 2020.
Most are more reasonable about where Ethereum Classic price prediction is going to go into the year 2020. The reality is that it is probably going to be a more steady climb perhaps into the 20’s or even low 30’s. Remember though, this is off of a price of around $15-$17 per coin at this point.
The moderate term crypto-currency holder is going to want to know what the Ethereum Classic price prediction is going to be for their investment in just a couple of years. These are people who are interested in buying crypto-currency to try to make a decently quick profit for themselves. If you want to be a total pessimist about this you could say that Ethereum Classic will not even be around in 2020. There are some out there who predict that all cryptocurrencies are virtually worthless. That may happen but most disagree that this is likely. Cryptocurrencies have now been around for a while, and the idea that they are just going to fade away is probably more along the lines of wishful thinking for those who just wish that they would go away.
Price Prediction For 2025
Predicting out to 2025 is incredibly hard to do. It is seven years into the future and a lot can change between now and then. We are going to look at three potential scenarios in order to get an idea of what the landscape might be like for 2025.
1) Ethereum Classic Has A Breakout Moment Like Bitcoin
Could Ethereum Classic possibly catch on like Bitcoin did before it? Absolutely. If the media and the financial press decide that this is the way that they want to report on the story, then that is exactly what they will do. Ethereum Classic could gain more legitimacy in the eyes of the investing public and start to soar. If that is the case then the currency could well be worth buying into right now.
2) Ethereum Classic Charts Its Typical Course Of Steady Growth
Ethereum Classic may just continue on as it has on a course of steady but strong growth year over year. This, of course, will come with plenty of ups and downs as it has in the past. However, the end result is that it is higher than it was before.
3) Ethereum Classic Could Be Overtaken By Something Else
This prediction falls into the category of those who believe that crypto-currencies are going to go away in general. Those who buy into this are sure to think that it is possible that Ethereum Classic will simply be swallowed up by a more popular crypto-currency if it does not disappear entirely.
Never discount that everything you have just read is a prediction. Nobody knows for sure what may happen with a type of investment that is incredibly volatile. That is to say that it moves up and down quickly in many market conditions. It is not surprising for the currency to be soaring one day and sinking the next. Those with weak stomachs for risk tolerance are advised to steer clear of these types of investments. They are probably not suitable for this type of investing.
Every investment contains an element of risk. That being said, crypto-currencies are probably among the most exciting to be involved in today. Not only do they possess the potential to rise in value pretty significantly. But there is also the enjoyment of having something to talk about with your friends at the cocktail party.
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