Ethereum Classic Price Prediction: AI Forecast for

Artificial intelligence calculated the price of Ethereum Classic on January 31.In 2016, the first DAO platform created on Ethereum was hacked and funds worth $150 million were stolen. This event later became known as the “DAO hack.” According to the decision of Ethereum co-founder Vitalik Buterin, a hardfork was carried out, thanks to which the funds were returned, and the blockchain was divided into two networks: Ethereum (ETH) and Ethereum Classic (ETC). Supporters of Classic opposed the hardfork, which, in essence, abolished the principle of immutability of the blockchain. However, the changed blockchain won the competition, retained its original name and ticker ETH, and also attracted even more capital. In 2022, Ethereum underwent the hard fork “The Merge” again, moving from the Proof-of-Work network to the Proof-of-Stake network. For this reason, miners switched to the Ethereum Classic network, which significantly increased its power and security. On the evening of January 11, ETC traded at $29, having added 41% during the day, which allowed us to set a local maximum at $32.16.The CoinCodex machine learning algorithm performed an analysis, according to which will continue its bullish rally, and on January 31 the price will rise to resistance at $44.41.This forecast means an increase in Ethereum Classic by 50% relative to the current price. In addition, artificial intelligence does not rule out that ETC may reach an even higher level of $53.

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