Ethereum Classic Price ETC Price Index and Live Chart

You can also use your existing cryptocurrencies to buy ETC on the KuCoin exchange. Transfer the funds from your digital wallet and into your KuCoin trading account to use them. Also known as Ether, ETC is mined to generate rewards for nodes within the network that validate transactions in the blockchain.

To prevent potential future security breaches, the Ethereum network performed a hard fork which resulted in a split and a new cryptocurrency, Ethereum Classic. Ethereum Classic operates on the old blockchain and Ethereum on a new one that was created with the hard fork. In addition to tracking price, volume and market capitalisation, CoinGecko tracks community growth, open-source code development, major events and on-chain metrics.

Ethereum Classic Forecast, Long term coin price prediction

The price can be highly unstable, which makes its market movements very unpredictable. Cryptocurrency investors can capitalize on rapid upward or downward price movements by opening directional tradingl positions. 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. 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.

The maximum price ever recorded in our base for one ETC is $129.73, it was 1 Year and 10 Months ago, currently price is down by -85.41% from that high. Ethereum Classic integrated with Multichain, widely considered the leader in cross-chain routing protocols. The bridging solution will enable interoperability for the Ethereum Classic network. As a result, projects belonging to other networks will be able to offer support for and migrate easily to Ethereum Classic. 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.

The easiest way to buy ETC is by placing an ‘instant buy’ order to purchase it for a fixed price but not all crypto exchanges offer this feature. Some other factors you may want to consider are customer support, user reviews, ease of use and whether or not the exchange is registered with a local regulator. This information can be found by clicking on the exchange name in the table which will take you to its review page. Ethereum Classic is a highly volatile asset capable of major price swings in a single day. Today ETC is trading for $19.63, which is slightly up from yesterday’s trading price of $19.82. Currently, Ethereum Classic is trading between $16.46 and $19.53 support and resistance levels.

Ethereum Classic(etc) – Coin Trading Data

As the network recovers from the scandal surrounding the attacks, it may attract new software developers to create applications on its network. After the 2016 split from the main Ethereum blockchain, ETC was largely separated from the space of decentralized finance applications that are tied to the Ethereum blockchain. The circulating supply of Ethereum Classic increases gradually as new coins are released to reward miners. However, this will no longer be the case after all the available ETC is mined. It’s important to note that even though Ethereum will move to Proof-of-Stake, NEAR the Ethereum Classic project is committed to Proof-of-Work. ETC is no exception to this rule, and it is important to understand how the Ethereum Classic price has moved in the past.

• Events like news, partnerships, new listings on exchanges, adoption by companies or users, upgrades and updates, and dev team activity can affect the price of ETC and other cryptos.
• In this article, we’d explore the Ethereum Classic ecosystem, the underlying values, and the future price potential based on experts’ opinions and our analysis.
• On a daily chart, the first upside resistance level is at the $19.53 level.
• The old blockchain was renamed and Ethereum Classic was born, and with it, a new cryptocurrency joined the market.
• Some exchanges may also ask for a phone number and photo ID, so it’s a good idea to have those ready.

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.

However, the anticipation around the Merge has benefitted both cryptocurrencies tremendously, with ETC posting even larger gains. The growth has also translated to mining activity on the network as crypto miners move to share from the increase in price. This has seen the Ethereum Classic hashrate climb to its highest point yet. ETC is used on the Ethereum Classic https://www.beaxy.com/ blockchain in a similar manner to ETH on the Ethereum network.

This allows ethereum classic ath to exchange money, property, and other valuable items without a middleman. 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. Ethereum Classic shares the underlying technology with the Ethereum blockchain. It employs proof of work consensus, supports smart contracts, has dApps deployed on its network, and allows users to conduct decentralized, encrypted transactions quickly and cheaply. The live price of Ethereum Classic is $ 18.84 per (ETC / USD) today with a current market cap of $ 2.63B USD.

How much will Ethereum Classic be worth in 10 years?

On a daily chart, the first upside resistance level is at the $19.53 level. At this moment upper band stands at $23.58, what about the lower band it is at $19.11. At this moment Ethereum Classic is trading lower than the SMA level which is at $21.34, we can see the price hit SMA in the near future if a successful rally can even go to the upper band. Ethereum Classic proved to be one of the most talked about coins in the crypto space this past year. With this in mind, it is wise to say that ETC is a good choice of investment. In this article, we’d explore the Ethereum Classic ecosystem, the underlying values, and the future price potential based on experts’ opinions and our analysis.

Please appreciate that there may be other options available to you than the products, providers or services covered by our service. Confirm the sell price and fees and close your sale of Ethereum Classic. Compare today’s price of Ethereum Classic ($19.63 USD) against its all-time high price of $167.09 on May 06, 2021.

Ethereum copy with uncensored/unsecured possibilities

However, a hacker stole $3.6 million three months later, by exploiting a bug in one of The DAO’s smart contracts. Create your account below to receive exclusive access to a wide range of trading tools such as premium Ethereum Classic price predictions, advanced ETC buy/sell signals and much more. The team behind the ETC is highly diversified as the blockchain is handled by many segments like the development quarter, and funds. With rising inflation in the global economy, cryptocurrencies continue to gain traction as they are considered a hedge against a financial slump. Ethereum Classic core developers implement ETH’s Spurious Dragon and Byzantium network protocol upgrades to maintain operational parity with its sister chain. Ethereum Classic core developers implement ETH’s Constantinople and Petersburg network protocol upgrades to maintain operational parity with its sister chain.

These attacks are what caused a hard fork of the Ethereum network and the creation of Ethereum Classic. In order to secure the network from such attacks, a new version of the Ethereum blockchain was developed. Buterin is a computer programmer and writer who got involved with the world of cryptocurrency at a very early stage. At the start of his career, Buterin was writing articles on cryptocurrency for Bitcoin Weekly in exchange for Bitcoin 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. The Ethereum blockchain as we know it today rolled back the chain and reverted it to its original unhacked status in July 2016. Here are Ethereum Classic prices in real time on different exchanges and on Ethereum Classic chart. ETC is an excellent Investment as the chances of exceeding the all-time high in the future are high as more and more developments are made. These movements in the network are to ensure a better experience for the traditional cryptocurrency operators and provide a better balance to the deficiencies of the Ethereum network. This page does not make predictions, it only makes a calculation of how much the cryptocurrency would be worth if it had the same market value as Bitcoin or selected currency.

The new protocol retained the original name Ethereum because of the amount of community support for the fork. It functions on a brand new blockchain, and the vast majority of miners, users, and protocol from the previous version of Ethereum use this new version. ETH’s primary value is in its use case scenarios and community support. The Ethereum Alliance, for example, consists of billion-dollar firms such as Accenture, JP Morgan, Microsoft, and UBS.

Ethereum Classic is a second generation blockchain, a network, a community, and a cryptocurrency. In addition to allowing people to send amounts of value to each other, ETC allows for complex contracts that operate autonomously and cannot be modified or censored. 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. ETC price continued following positive trends throughout May as well, with 165% of gains and a new high price of $23, which was also the highest price in June.

You can choose to hold them on Ku, or you can transfer them to your external wallet for additional security. If you store your Ethereum Classic in a digital wallet, compare crypto exchanges to convert or sell it on. Some exchanges allow you to deposit and trade cryptocurrencies without passing KYC, but they will not allow you to transfer local currency from your bank account.

With the height of the rally, Ethereum Classic’s price had hit as high as $45 before correcting downwards. Nevertheless, all of the attention towards the token has seen it continue to maintain its price above $30, a really good support level for the asset. The excitement around the Ethereum Merge has not ended on the network alone.

• With the upgrades on the Ethereum Classic blockchain, we expect an era of growth in hosting more innovative projects and applications as more and more integrations with the physical world is made.
• This guide provides step-by-step instructions on how to buy Curve DAO, lists some exchanges where you can get it and provides daily price data on CRV.
• In short, ETC can be moved between exchanges and bought and sold at different prices due to the instability surrounding major security events.
• You can hold your ETC coins and use them as a long-term store of value.
• The DAO smart contract is deployed; members of the public send it value in return for DAO tokens.

A group of ‘white-hat’ hackers secure 70% of The DAO funds but protocol-level action is required to save the remaining 30% split by the hacker. On Sunday, it was recorded that the Ethereum Classic hashrate had touched a new all-time high of 38.37 TH/s. This is a tremendous growth given that the network hashrate was at 27.56 TH/s on Wednesday, August 17th, translating to a 39.22% growth in the span of four days. The Ethereum Classic to USD chart is designed for users to instantly see the changes that occur on the market and predicts what will come next.