$ETC As of November 16, 2024, Ethereum Classic (ETC) is trading around $25.50 with a relatively stable performance. The 24-hour trading volume is approximately $587 million, indicating consistent market activity. While it remains below its all-time high of $176.16 (achieved in May 2021), ETC has been relatively resilient due to its fixed supply and commitment to Proof-of-Work (PoW), distinguishing it from Ethereum, which transitioned to Proof-of-Stake (PoS).

Long-term Benefits of ETC:

1. Fixed Supply:ETC has a capped supply of 210.7 million coins, creating a deflationary dynamic similar to Bitcoin. This may support its value over time as scarcity increases.

2. PoW Mechanism:Ethereum Classic’s adherence to PoW could attract miners who prefer this consensus mechanism post-Ethereum's transition to PoS, ensuring network security and decentralization.

3. Decentralized Smart Contracts: ETC is capable of hosting decentralized applications (dApps) and smart contracts, similar to Ethereum. Its stability may make it an alternative platform for developers.

Future Price Predictions:

Market sentiment suggests that ETC could see upward momentum in 2024 due to broader crypto market trends. Analysts have highlighted potential price targets between $30 and $50, assuming increased adoption and a favorable market environment. However, long-term growth may depend on expanding its ecosystem and resolving past concerns such as vulnerability to 51% attacks.