Ethereum Classic price: ETC to USD chart

This means that the Ethereum Classic price is likely to increase as the supply becomes more scarce. These are the project’s quantitative metrics of its official Reddit account that can be used to trace regular or artificial Social activity & growth within the project. These are the project’s quantitative metrics of its official Twitter account that can be used to trace regular or artificial Social activity & growth within the project. These are the project’s quantitative metrics of its official Telegram account that can be used to trace regular or artificial Social activity & growth within the project.

Its price then touched an all-time low in July, dipping to $0.61. ETC price went on to increase by nearly 3000% after hitting its ATL. In August of the same year, Ethereum Classic price broke the psychological level of $1 for the first time and traded at $1.79.

Support

It enjoys EVM compatibility and utilizes a proof of work consensus mechanism to secure its network. We also gather additional information from different sources to make sure we cover all necessary data or events. After the Ethereum hard fork, Ethereum Classic retained most of Ethereum’s original architecture and technical features and continued using the Ethereum Virtual Machine .

Ethereum Classic functions on the same protocol as that of Ethereum. Сatch up on the recent ETC price in USD by following the ETC to USD charts at Capital.com. The live price of Ethereum Classic is $ 18.90 per (ETC / USD) today with a current market cap of $ 2.64B USD. ETC is the native cryptocurrency of the Ethereum Classic ecosystem. It is used to pay fees for transactions and interactions with dApps running on the blockchain and for executing smart contracts.

What is the Maximum Token Supply of Ethereum Classic

On the chart, you can see that ETC broke it’s downtrend line and has retested it and now is basing outside of it. ETCUSD can be ready for more upside as market can be forming a new bullish setup formation based on Elliott wave theory. Ethereum Classic with ticker ETCUSD made an impulsive five-wave recovery since December 19th of 2022, when we spotted a completed ending diagonal/wedge pattern within wave C of an A-B-C correction. Ethereum Classic was the original version of Ethereum, prior to the DAO hack.

If the etc price chart fall first major support level is sitting at $16.46. Extended sell-off sub $16.46 throughout the day can bring the second major support at $13.00 into play. Before you begin trading with OKX, you need to create an account. To buy ETC with your preferred fiat, click “Buy with card” under “Buy Crypto” on the top navigation bar.

How Does Ethereum Classic Differ From Ethereum (ETH)?

By the end of 2019, ETC https://www.beaxy.com/ had been through numerous changes caused in part by high volatility, trading between $8 and $3. It didn’t manage to regain $9 during that period and mostly traded at the lower end of $3 to $4. In January 2018, Ethereum Classic price reached an all-time high at the value of $47, then dipped to $28 in the same month. Over the next two months, ETC fell by 50% to touch $14 in March. Ethereum Classic price went through a rebound in April, recording 51% gains and a new monthly high at $22. Until December 2018, ETC price traded between lows of $9 and highs of $20, before sinking to $4 at the end of the year.

Before making financial investment decisions, do consult your financial advisor. The updates that have occurred to the ETH blockchain since the hard fork do not apply to ETC. For example, ETC has not implemented the EIP-1559 upgrade which introduced an automated fee distribution as well as fee burning. Furthermore, while ETH is planning to shift to the Proof-of-Stake consensus algorithm, Ethereum Classic will remain PoW. The cryptocurrency used by the Ethereum Classic ecosystem is specifically known as Ether.

CoinDesk journalists are not allowed to purchase stock outright in DCG. It’s important to note that current Ethereum Classic market capitalization is $2,649,652,665, and the maximum supply is 210,700,000 ETC coins. It is a quantitative metric calculating how many individual units of specific cryptocurrency coins/tokens were traded (bought & sold) within the last 24 hours. It’s a direct cryptocurrency’s supply & demand indicator, and is purely related to its market price.

Publicly circulating amount of specific cryptocurrency coins/tokens that were mined or issued to date, and are not locked/staked . Yes, ethereum classic is a minable coin and, using the Ethash hashing algorithm, you can check, the list of minable coins here. Compared to other crypto coins which started the same year as Ethereum Classic it has above-average trading volume, average volume for the other 96 coins started in 2016 is $6M while ETC has $354M. An evaluation of the ETH and ETC charts indicates that the latter has closely followed the price movement of the former.

This fixed supply means that ETC isn’t subject to inflation like fiat currencies and an increase in demand will drive up its price. How do Ethereum Classic price movements correlate with market trends? Check our comprehensive cryptocurrency price page for information at a glance. The percent change in trading volume for this asset compared to 24 hours ago. This is a statistical representation of the maximum market cap, assuming the maximum number of 210 Million ETC tokens are in circulation today.

To trade ETC/USDT, ETC/USDC, ETC/BTC, ETC/ETH, or ETC/OKB, click “Basic Trading” under “Trade.” Under the same tab, click “Convert” to convert crypto to ETC. Due to the NEAR novelty of The DAO and the perceived viability of its use case, it raised $150 million worth of ETH during its crowdsourcing campaign. But unfortunately, there was a vulnerability in The DAO’s smart contract. Ethereum Classic is the sister blockchain to Ethereum, as they both originate from the Ethereum blockchain initially launched in 2015. On the same day the network deployed the Gotham update, the ETC emission reduction protocol implemented the first block reward slash.

Buy Bitcoin and other cryptocurrencies – the simple, safe, smart way. P roof-of-stake mining process, and numerous developers are still working on future network enhancements. January 2020 started bullishly with 157% of gains and ETC was able to climb to the price of $12 as its new high for the year until it reached the value of $13 in February. Ethereum Classic traded between $4 and $8 in March, and for the rest of the year, ETC would trade in the price range of $3 to $7 with frequent trend reversals. The start of 2019 was bearish as well for Ethereum Classic with lows of around $3 in January. From February to May 2019, ETC price saw a more stable period of growth and managed to trade at over $8, reaching $9 in June as the new high for the year.

• The current price per unit of weight and currency will be displayed on the right.
• In the last 24 hours, the price of Ethereum Classic has changed by 3.28%.
• Users can transfer values denominated in ETC on Ethereum Classic.
• After the split, the Ethereum Classic decided to implement some core changes in the emission system of ETC as part of the plans to solidify its status as an independent blockchain.
• 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.

Before the etc price chart were able to patch the issue, hackers took advantage of it and over several days stole 3.6 million ETH. Although the team was able to recover roughly 70% of the funds, there were debates as to how to recover the remaining sum. These are the project’s quantitative metrics of its official GitHub Public Repositories that can be used to trace regular or artificial development activity, growth & popularity of the project. Most Secure Wallets To Start With Check the analysis report on Top-rated Crypto Wallets that are safest for your funds. Exclusive Crypto Deal List of 2022 Get huge savings on the biggest crypto brands with custom discounts & deals. The live price of ETC is 19.4 USD, representing a decrease of -8.00% in the past 7 days and -1.52% decrease in the past 24 hours.