Ethereum Classic Price: ETC Live Price Chart & News

Plus, Ordinals Protocol Creator Casey Rodarmor shares his reaction regarding Yuga Labs’ latest bitcoin NFT collection. ETC has a trading volume of $110,860,400 in the last 24 hours. They’re used to trace website activity & growth within the project. DR metric is a sign of the project’s website reputability that is ranked from 0 to 100 . Organic Traffic – is a metric of how many monthly users visit the project’s website via search engines.

Much like Ethereum, Ethereum Classic offers smart contract functionality and supports the deployment and use of decentralized applications . Conversion rates are based on CoinDesk’s Bitcoin Price Index and the price indices of other digital assets. World currency prices are based on rates obtained via Open Exchange Rates. The most active and popular exchanges for buying or selling ETC are Binance, Kucoin & Kraken. Find more crypto exchange options on our Crypto Exchange Tracker.

Ethereum Classic Monthly Returns (USD)

Once there are sufficient assets in the wallet, swapping is possible. Install the ‘Exchange’ application on Ledger Live, along with the applications for the coins you wish to swap. Most CEXs also require KYC information these days, which is not ideal for people seeking privacy over their online activity. With a price of $19.74 USD today, Ethereum Classic is -78.74% below all time high. Ethereum Classic price is often subject to major price fluctuations, caused by a multitude of specific factors that influence the price and form trends in the market. The Holdings Calculator permits you to calculate the current value of your gold and silver.

The ETC price has generally followed the market trends that were set up by ETH as the second-biggest cryptocurrency in the world. The absolute theoretical maximum number of coins/tokens that is coded and will ever exist in the cryptocurrency’s lifetime. 97 percent of the community, including Vitalik Buterin, voted to restore the lost funds. Subsequently, Ethereum split into two with the majority creating the current Ethereum blockchain and the original version being Ethereum Classic. However, the miners and users, aggrieved at this move, decided to stay on the original Ethereum blockchain, which later metamorphosed into the Ethereum Classic network. However, like Ethereum, the Ethereum Classic blockchain offers more functionalities than Bitcoin, as users can access smart contract-enabled applications.

Ethereum Classic Price chart

Section to buy cryptocurrency with fiat currency using more than 70 payment methods, including Visa, Mastercard, SEPA, and PayPal. Some teams developing the Ethereum Classic ecosystem include Ethereum Classic Consortium, ETC Cooperative, ETC Core, ETC Labs, and Gödel Labs. Jul 23, 2016 was the day when the Ethereum Classic blockchain network had its very first block, approximately 6 years ago. We have coin market data from 24 Jul 2016, the lowest rate was on Jul 2016, 6 years ago it worthed $0.730. The Best year in which Ethereum Classic value increased the most was 2017 ETC value jumped from $1.41 to $47.77. The Worst year in which the price declined from $28 to $3.34 is 2018.

Ethereum Classic is a decentralized smart contract-enabled network that aims to become a global payment system. Originating from the Ethereum network, Ethereum Classic uses the proof-of-work consensus mechanism and supports decentralized applications. A decentralized platform that runs smart contracts, created in 2016, when Ethereum underwent a ‘hard fork’. When the Ethereum hard fork happened in July 2016, all investors who held ETH in their wallets were given the same amount of ETC coins for free.

Ethereum Classic FAQ

Ethereum Classic’s main aim is to preserve the Ethereum blockchain as it originally was, without artificially countering the DAO hack. Follow me, I will show you the learning path, as well as how to earn big rewards while learning. According to an in-depth review process and testing, Ledger and Trezor are one of the safest and most popular hardware wallet options for keeping Ethereum Classic. For exclusive discounts and promotions on best crypto wallets, visit Crypto Deal Directory. ETC has a lowest price of $0.4524, which was reached on Jul 25, 2016 . In June 2016, an anonymous paper was published that revealed a code vulnerability.

Consumers and businesses can conduct transactions and make payments using ETC coins. The cryptocurrency allows for a decentralized, highly secure digital transfer of payments with very low transaction fees. It has a circulating supply of 139.2 million ETC coins and is ranked #24, current Ethereum Classic market cap is $2.6 billion. Ethereum Classic All time high price is $129.73, it was 1 Year and 10 Months Ago, For the previous 52 weeks, the lowest and highest value for Ethereum Classic was $12.60 and $52.05. In addition to the peer-to-peer transactions that Ethereum Classic enables, it also offers smart contract functionality.

Ethereum Classic MARKET CAP

All these metrics are used for determining active or passive projects despite the artificial hype. The current cryptocurrency Market Capitalization Dominance among all other cryptocurrencies in the market. Market Capitalization is the overall value of all coins/tokens that have been mined or issued until now and are in circulation . As the continuation of the original Ethereum blockchain, Ethereum Classic remains committed to maintaining its original motto of providing a censorship-resistant platform for dApps. As long as the community supports the open-source blockchain, it could grow. However, it is unlikely that the Ethereum Classic ecosystem could ever compete with Ethereum, which remains the largest ecosystem hosting dApps.

This will ensure that the ETC rewards you earn are stored securely. The emission reduction schedule of ETC initiates after 5 million blocks have been added to the blockchain. And since it takes roughly 2.5 years for 5 million blocks to be processed on Ethereum Classic, the subsequent block reward reduction will occur sometime in the third quarter of 2024. Essentially, ETC can be used by Ethereum Classic users to pay the gas price for conducting transactions on the network. However, Ethereum Classic differs significantly as it is incompatible with any ETH update.

ETC price

Unlike etc price chart, Ethereum Classic has no plans to convert to a proof-of-stake mining algorithm, while multiple developers continue to work on future improvements such as scaling solutions. Change the wallet network in the MetaMask Application to add this contract. Needs to review the security of your connection before proceeding. ETC has a highest price of $176.16, which was reached on May 06, 2021 . FDMC is the Market Cap if the Maximum Supply of a coin/token was entirely in circulation. Reward amounts will be determined based on the type and relevance of the information provided.

The Ethereum Classic crypto network is based on the principles of “Code is Law” and “Build Unstoppable Applications”. It aims to maintain complete decentralization and does not alter its protocol. All smart contracts launched on Ethereum Classic run as they are programming, without external interference. Ethereum NEAR Classic is considered to be among the longest-running smart contract platforms.

In the last 24 hours, the price of Ethereum Classic has changed by 3.28%. To view the price of Ethereum Classic in the currency of your choice, select a base currency at the top of the page. Q Cryptocurrency Report Altchain narratives are still going strong while the entire market undergoes a correction in light of growing macroeconomic woes.

As the original https://www.beaxy.com/, for a large part, the ETC crypto network adheres to the initial protocol. However, since the hard fork, certain protocol changes were made regarding its tokenomics. During its creation period, the platform raised 12.7M ETH, which was valued at $150 million at the time. As a decentralized network, The DAO was open-source and made its code available to community contributors.

Grow your crypto assets without lifting a finger – all on one secure platform. The current Market Cap ranking of ETC is #26, with a live market cap of $2,759,560,499.49 USD. Extreme volatility in combination with other factors like ETC’s capped supply, exchange listings, and market trends affect the price of ETC on a daily basis, causing gains and losses. The price of Ethereum Classic depends on a wide variety of specific factors that help form its market value. Ethereum Classic has a capped max supply, which means that no new coins will be minted once all of the supply is in circulation.

Ethereum is the new blockchain created after the hard fork while Ethereum Classic is the original Ethereum blockchain. The two networks have different technical roadmaps and upgrades to Ethereum don’t affect Ethereum Classic. Any data, text or other content on this page is provided as general market information and not as investment advice.

• FDMC is the Market Cap if the Maximum Supply of a coin/token was entirely in circulation.
• The Ethereum Classic price page is just one in Crypto.com Price Index that features price history, price ticker, market cap, and live charts for the top cryptocurrencies.
• On the other hand, Ethereum’s ETH has a total supply of over 121 million at the time of writing.

While etc price chart Classic offers similar functionality to Ethereum, it uses a PoW consensus model and has no plans to switch to a proof-of-stake model like Ethereum did after the Merge. The percentage of Binance customers who increased or decreased their net position in BTC over the past 24 hours through trading. Get the latest crypto news, updates, and reports by subscribing to our free newsletter.