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Buy Ethereum Classic

Ethereum classic reached $76.94 on 15 August 2021, its highest level since the fall from May's highs while, on 6 September, it reached a periodic high of $77.07. After that, though, it slipped back down and fell to close the year at $34.12.

buy ethereum classic

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Before we look at some of the ethereum classic price predictions that were being made as of 21 December 2022, it is important to remember that price forecasts, especially for something as potentially volatile as cryptocurrency, are very often wrong. Long-term crypto price predictions are often made using an algorithm, which can change at a moment's notice.

DigitalCoinPrice gave an ETC crypto price prediction that said the coin could reach an average of $19.43 this year. Its ethereum classic price prediction for 2025 forecast it would stand at $70.09. The site predicted that ETC would reach $313.12 in 2030.

Ethereum classic has a myriad of supporters and skeptics. There are some smart contract platforms that are disliked by some, and some are highly supported by others. As a result, it leads to a lot of interesting conversations when discussing the future of Ethereum Classic.

Over time, differences arose as the Ethereum classic network community wanted to keep the blockchain running on a Proof-of-Stake consensus algorithm and secure blockchain immutability. The Ethereum community wanted to develop it into a much advanced, proof-of-stake-based digital currency.

Ethereum Classic still operates on the Proof of Work (POW) consensus mechanism which is similar to that of Bitcoin. The mechanism requires users to utilize computational power to solve highly complex problems. Upon successful solving of the problem, a block is created and added in the blockchain and the miner is awarded a predetermined amount of ETC coins for their contribution towards the creation of the blockchain. The procedure of mining also helps in the verification of transactions that occur on the platform and thus also helps in keeping the network secure and the transactions verified. Higher computational power can be achieved by investing in better hardware which would help in achieving the desired output at a faster rate. The number of coins that can be created during the process of mining is limited. Ethereum classic has a cap on the ETC coin production. The supply limit of the coins is 210,700.000 ETC coins. After the production of every 5 million blocks, the block reward reduces by 20 percent. 041b061a72

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