Ethereum Classic (ETC) Historical Price and Returns Analysis: Should I Buy ETC Now?

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Abstract

This article comprehensively reviews the historical prices and market fluctuations of Ethereum Classic (ETC) since its inception, combining data from bull and bear market phases to assess potential returns for investors purchasing 10 ETC coins. It aims to answer the crucial question, “Should I buy ETC now?” to help both newcomers and long-term investors understand market timing and growth potential.

Bull Market Starting Point and Early Market Cycles: Historical Price Review (2017 to 2019)

Ethereum Classic (ETC) was created as a continuation of the original Ethereum (ETH) blockchain. According to CoinMarketCap records, its early trading price was approximately $11.9 in 2017.

Here’s the price change of ETC during the initial bull market phase:

2017

• Opening price: $11.9
• Closing price: $25.94
• Highest price: $33.97
• Lowest price: $10.62
• Annual return: 117.9%

2018

• Opening price: $35.07
• Closing price: $5.38
• Highest price: $41.96
• Lowest price: $3.6
• Annual return: -84.65%

An investor who purchased 10 ETC during the early bull market phase in 2017 would have a potential return of $12.13 if sold today.

Bear Market Adjustment and Mid-term Market Cycle: Profit and Risk Analysis (2019 to 2020)

During this period, ETC’s price experienced significant volatility, influenced by overall market trends.

Here are the potential returns for investors who purchased 10 ETC during the bear market or consolidation phase:

• 2019: $89.86
• 2020: $75.54

Recent Market Cycle: Should I Buy ETC Now? (2021 to Present)

In recent years, ETC has shown both upward and downward trends, sparking discussions about whether we’ve entered a new bull market or are still in a bear phase.

2021

• Opening price: $8.8
• Closing price: $35.35
• Highest price: $118.05
• Lowest price: $7.41
• Annual return: 301.69%

2022

• Opening price: $29.75
• Closing price: $15.79
• Highest price: $48.01
• Lowest price: $14.82
• Annual return: -46.92%

Potential returns for investors purchasing 10 ETC during this period are as follows:

• 2021: $43.17
• 2022: -$166.34
• 2023-present: -$72.85

Conclusion: Bull Market, Bear Market, and Investment Timing Analysis

By analyzing ETC’s historical prices and potential returns, we can observe long-term trends and help investors assess whether the current phase is still suitable for positioning, answering the key question, “Should I buy ETC now?”