Ethereum Classic Price: ETC Live Price Chart & News

Change the wallet network in the MetaMask Application to add this contract.

It didn’t manage to regain $9 during that period and mostly etc market 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. 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.

Live Ethereum Classic Value and Market Cap

The live price of Ethereum Classic is in constant flux, with frequent radical changes that can bring major gains or major losses. The price is defined by the activity of traders who buy and sell ETC and other cryptocurrencies on various exchanges. The demand for Ethereum Classic is closely related to the number of listings that ETC has on various exchanges, and is expressed through trading volumes. The balance between buying and selling activity will eventually form the price and define a market cycle as bearish or bullish. ETC is the native cryptocurrency of Ethereum Classic, a blockchain project that was created in 2016 when Ethereum’s blockchain split into two separate chains following a disagreement among members of its community. The Ethereum blockchain as we know it today rolled back the chain and reverted it to its original unhacked status in July 2016.

If you are planning to etc market crypto, please consult a financial adviser. 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.

Understanding Exchange-Traded Commodities (ETCs)

Leveraged ETCs, meanwhile, are structured in such a way that commodity movements are multiplied by a particular factor, such as two or three, resulting in two or three times the volatility of the underlying commodity. Using leverage increases XRP the potential for gains, but also potential losses. Anderson is CPA, doctor of accounting, and an accounting and finance professor who has been working in the accounting and finance industries for more than 20 years. Her expertise covers a wide range of accounting, corporate finance, taxes, lending, and personal finance areas. Julia Kagan is a financial/consumer journalist and former senior editor, personal finance, of Investopedia.

The total dollar value of all transactions for this asset over the past 24 hours. The percent change in trading volume for this asset compared to 1 hour ago. Pairs LINK are available against stablecoins, other cryptocurrencies and fiat currencies, while derivatives and institutional investment vehicles also exist. Exchanges that let you buy Ethereum Classic include Binance, OKEx and Huobi Global.

Ethereum Classic Price Chart US Dollar (ETC/USD)

Sentiment can also affect the price of ETC and other cryptocurrencies. From the price of $5 in December 2020 and the start of 2021, ETC price experienced a surge and traded at $9 as its highest price in January. Ethereum Classic price also showed positive momentum on a monthly basis from February to April, recording billions in trading volume and reaching a new high for the year in April at the value of $20. Any data, text or other content on this page is provided as general market information and not as investment advice. Past performance is not necessarily an indicator of future results. CoinDesk is an independently managed media company, wholly owned by the Digital Currency Group, which invests in cryptocurrencies and blockchain startups.

The old blockchain was renamed and Ethereum Classic was born, and with it, a new cryptocurrency joined the market. Ethereum Classic kept operating on the old blockchain, formerly Ethereum, representing the original idea of an open-source decentralized network that operates on smart contracts. The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.

Yes, ethereum classic is a minable coin and, using the Ethash hashing algorithm, you can check, the list of minable coins here. While Ethereum Classic shares many similarities with Ethereum, there are also some key differences. One of the most notable is that the network does not support the Ethereum Foundation’s vision of a decentralized world computer.

Besides being a payment mechanism for blockchain transactions, ETC, owing to its deflationary nature, is also used as a store of value. A contentious hard fork on Ethereum occurred in July 2016, when participants disagreed over whether to revert the blockchain to cancel out the effects of a major hack. This impacted The DAO, a decentralized autonomous organization which had raised approximately $150 million in an initial coin offering several months earlier.

What is the all-time high (ATH) for Ethereum Classic?

That note is collateralized by physical commodities, which are bought using the cash from inflows into the ETC. Just like other investment funds, ETCs charge a management fee, called the expense ratio, which compensates the company for running the ETC. In addition, every ETC has a net asset value , which is considered the fair value of each share based on the value of the holdings underlying the ETC. Since shares of the ETC trade on an exchange, its value on the market might fluctuate above or below the NAV value. It might be based on the spot commodity price or based on the futures price .

It looks for patterns in the historical data to identify potential trend reversals in the future price movement. As with many other crypto assets, Ethereum Classic price may experience major upswings often followed by major dips, depending on active market trends. Ethereum Classic’s price history can be analyzed with the same techniques used in the stock market. ETC price increased by over 130% in March 2017 and reached a new high at $3.15, followed by a series of further gains totaling 125%. From February 2017 to March 2017, trading volumes increased by more than five times, from 5 to 27 million.

Additionally, it can be used to pay for fees, particularly when executing smart contract-enabled applications or transferring Ethereum Classic-based tokens. In addition to tracking price, volume and market capitalisation, CoinGecko tracks community growth, open-source code development, major events and on-chain metrics. ETC, the native coin of Ethereum Classic, is used to pay for using its computational resources. As in Ethereum, one needs to pay gas fees for the execution of smart contract functions and coin transactions. This payment goes to miners who validate transactions, perform smart contract computations and add new blocks to the chain.

The live Ethereum Classic price today is $18.90 USD with a 24-hour trading volume of $115,089,445 USD. The current CoinMarketCap ranking is #25, with a live market cap of $2,642,574,935 USD. The current price of Ethereum Classic is –, with a 24-hour trading volume of –. In the last 24 hours, the price of Ethereum Classic decreased by 4.16%. With a circulating supply of 132,826,796 ETC and a maximum supply of 210,700,000 ETC, Ethereum Classic’s fully diluted market cap stands at –.

He further developed his career in https://www.beaxy.com/ banking eventually becoming CEO of BCS Prime Brokerage Ltd., an emerging markets specialist, for over five years before joining ETC Group as Co-CEO. Tim was one of the founding members of ETC Group and acted as a non-executive director until joining in an executive capacity. This website and the products displayed on this website are not available to retail investors in the United Kingdom. The products displayed on this website are not available for subscription or purchase by retail investors in your selected jurisdiction.

• Users pay transaction fees as with Ethereum, and miners collect them based on work done as per the proof-of-work mining algorithm.
• Instead, it was created due to a changing Ethereum landscape that birthed two independent blockchains.
• Conversion rates are based on CoinDesk’s Bitcoin Price Index and the price indices of other digital assets.
• The bridging solution will enable interoperability for the Ethereum Classic network.
• The launch of Ethereum Classic came after the 2016 Ethereum DAO hack, which resulted in a fork of the Ethereum blockchain.
• 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.

Ethereum Classic is a hard fork of Ethereum that launched in July 2016. Its main function is as a smart contract network, with the ability to host and support decentralized applications . In addition to the peer-to-peer transactions that Ethereum Classic enables, it also offers smart contract functionality. As such, it facilitates an ecosystem where users can either deploy or access decentralized applications and tokens.

You can buy ETC from various reputed crypto exchanges, by paying in a fiat currency, or with other cryptocurrencies, through trading pairs like ETC/USDT, ETC/XRP, ETC/BTC and ETC/ADA. You can hold your ETC coins and use them as a long-term store of value. It’s also possible to trade them against other crypto coins on popular exchanges. Yes, since Ethereum Classic is a Proof-of-Work blockchain, you can mine ETC coins using computers and specialized hardware including GPUs. The ETC price remained mostly below $10 for a little over two years, and showed some signs of revival only around February 2021, amid a market-wide bull run. It went on to record its all-time high of nearly $180 on May 6, 2021.

A corrective phase followed and ETC coin was trading in the vicinity of $50 within a month. It stayed within the range of $40 to $70 for the remainder of the year, closing 2021 at a market value of $35. Charts Explore more data on the digital asset markets with comprehensive graphs. Market cap is calculated by multiplying the asset’s circulating supply with its current price. The percent change in trading volume for this asset compared to 7 days ago.