ETC Long Term Price Prediction After Coinbase Listing

Ethereum Classic (ETC/USD) has moved up more than 50% after Coinbase announced listing of ETC. The crypto is further expected to give good returns in 1-year term after getting listed on Coinbase.

The listing at Coinbase is expected to give a significant exposure to Ethereum Classic. It will be a game changer for the crypto and will have positive impact on its long-term price. However, it is expected that the price change will not be in a sudden or significant way.

Meanwhile, the cryptocurrency exchange Coinbase had informed the traders that the final testing of ETC is expected to be completed by August 7th. After the testing, Coinbase will start the procedure of allowing inbound deposits of Ethereum Classic on Coinbase Prime and Coinbase Pro.

However, trading on Coinbase will not be enabled as soon as the cryptocurrency gets listed. The traders will have to wait for 24 to 48 hours to be able to trade.

Moreover, the investors have shown renewed interest and excitement in the Ethereum fork. ETC after two years has emerged from a dispute within the Ethereum community after the DAO debacle.

Ethereum Classic is gaining importance day by day. Other exchanges like Thailand’s Securities and Exchange Commission has included Ethereum Classic as part of a group of acceptable coins which could be used in ICOs held in the country. Also, in the end of June, it was added to the Fundstradt 10 Index, which is a price-tracker designed for institutional investors, reflecting growing demand and major financial interest.

ETC/USD Long Term Price Prediction

ETC/USD is currently trading at a level of $18.86. The major support is around the level of $17. The crypto had moved up more than a level of $40 in past. It is likely that ETC/USD could reach around the level of $65 in a year. Within 5 years, ETC/USD could reach around $171.

Moreover, most analysts are very bullish and have already put Ethereum Classic in the $100 level during their projection. As per Fundstrat’s Tom Lee, ETC/USD could sell as high as $70 or more before the year ends. Thus, the amount of appreciation Ethereum Classic could give in a duration of five-year period is huge and can provide almost fivefold return for investors in 5 years term.