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Ethereum Classic began its history at a price of $0.6 back in 2016. It was produced on ordinary computers in many homes around the world. Let's look at how the ETC coin behaved during bull seasons.
The first wave of the first bull season occurred in the summer of 2017. Then the ETC coin was able to rise in price to $24. 5 months later, in December 2018, during the second wave of the 2018 bull season, the ETC coin was already trading at $45. A very good result. Someone was probably able to increase their capital tenfold. But then the bears came. The entire market fell until 2021.
The second bull season threw the ETC coin up to $167 in May 2021. This was its absolute record! In the future, unfortunately, it was not destined to reach such heights.
The next 3 years were dominated by bears in the crypto market and all the coins were only getting cheaper. Everyone was looking forward to another bull rally.
And here it is, the long-awaited 2024 and with it came the third bull season. The first wave of growth threw Bitcoin up to 74 thousand dollars in March 2024, and our ETC coin from 25 dollars to 48.
The result is good - the price has increased almost 2 times. This is not bad at all, especially for investors who bought ETC for 20 dollars. But what should those who bought ETC for 50 and above do? These "lucky ones" can only wait. Wait and hope that Bitcoin will reach the 100 thousand dollar mark. Only in this case can we predict further growth of Ethereum Classic.
My forecast. When Bitcoin reaches 100 thousand dollars, the Ethereum Classic coin should be trading at 50-60 dollars per coin. If you buy ETC for $20 today, it is quite possible to increase your capital by 2-3 times. The second wave of the bull season should start soon. Approximately November - December 2024.