Ethereum Classic Price Live ETC Value Chart & Market Cap 2023

However, a section of the Ethereum community which believed in immutability as one of the core ethos of crypto networks, kept propagating the original Ethereum blockchain, with no ledger rewrites, calling it Ethereum Classic. Like ETFs, ETC shares are listed and traded on exchanges, with prices fluctuating based on price changes of the ETC’s underlying commodities. However, unlike ETFs, ETCs are structured as notes, which are debt instruments underwritten by a bank for the issuer of the ETC, but which are backed by the commodities they track as collateral. An ETC can invest in either one commodity or in a commodity basket, and its performance can be based on the spot price of the commodity or else tied to futures contracts. An evaluation of the ETH and ETC charts indicates that the latter has closely followed the price movement of the former. However, this could be attributed to the fact that ETH, the second largest cryptocurrency, often drives the entire crypto market.

Through its head office in Brussels and its overseas chapters, the ETC undertakes consumer and trade marketing activities targeting focusing on four passion communities in four major long-haul outbound travel markets. Find market insights, information and opportunities with the ETC to help you promote Europe overseas. Earn up to $1,000 when you fund a new account, and earn up to $100 in Bitcoinwith your first qualifying crypto trade . 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.

Ethereum vs Ethereum Classic: Comparison Of ETH And ETC

As a result, projects belonging to other networks will be able to offer support for and migrate easily to Ethereum Classic. The maximum token supply of Ethereum Classic is limited to 210,700,000 ETC. 138,063,286 ETC are in circulation at the time of writing. Remaining on the blockchain would have meant that investors weather the economic effect of the DAO, but the bailout was commenced and investors made whole, by moving to the new blockchain. Read our easy guide to buying Bitcoin and any other cryptocurrency. Its appeal was first to those who disagreed with Ethereum’s response, but the legacy network has since gained a wider fan base, which include major investors such as Barry Silbert, CEO of investment firm Grayscale. Ethereum Classic’s main aim is to preserve the Ethereum blockchain as it originally was, without artificially countering the DAO hack.

Originating from the https://www.beaxy.com/ network, Ethereum Classic uses the proof-of-work consensus mechanism and supports decentralized applications. 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. Sentiment analysis measures opinion data and categorizes it as positive, negative, or neutral. This technique studies the overall sentiment in the market, revealing how investors and traders feel about certain crypto.

Market Capitalization, USD

Luke has over 10 years of etc market in the legal sector working for international law firms. Prior to joining ETC Group, he worked as a regulatory lawyer and commercial litigator at Carey Olsen Guernsey. Luke is qualified as an advocate in Guernsey and a solicitor in England & Wales. He practised in a broad range of legal areas including commercial, regulation and litigation, and advised on a variety of cryptocurrency and blockchain matters. He has a Bachelor of Arts from the University of Nottingham and a law degree from the College of Law, London.

The live price of Ethereum Classic is $ 18.88 per (ETC / USD) today with a current market cap of $ 2.64B USD. Coinlore provides independent cryptocurrency / coin prices calculated by its own algorithm, and other metrics such as markets, volumes, historical prices, charts, coin market caps, blockchain info, API, widgets, and more. We also gather additional information from different sources to make sure we cover all necessary data or events. This metric can be used as a predictive indicator of the asset’s future market capitalization.

Ethereum Classic Stats

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. How do Ethereum Classic price movements correlate with market trends? Check our comprehensive cryptocurrency price page for information at a glance.

She has a Bachelor of Arts from the University of Alberta and both common and civil law degrees from McGill University. With over 15 years of work experience at major international banks as well as real estate development companies, Leyla brings integrity and a high level of quality and ethical standards to her role within ETC. Before joining the company as Chief Operating Officer, Leyla held a dual role of Senior Analyst and Structured Finance Manager at Raven Property Group. Tim spent the formative part of his career at the London Stock Exchange, where he managed the ETF/ETP segment during the introduction of the Europe’s first Exchange Traded Commodities backed by precious metals.

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. July brought new dips and Ethereum Classic traded between $13 and $19 before ETC value fell to $10 in October 2017. November brought 145% of gains with a new high price for Ethereum Classic at the value of $32, and with record-breaking transaction volumes exceeding 44 million. Ethereum Classic continued this positive momentum, breaking the resistance at $40 and reaching a new high of $42. But even though the two coins initially had the same future supply projections, differences came about over time as each coin evolved.

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. After the Ethereum hard fork, Ethereum Classic retained most of Ethereum’s original architecture and technical features and continued using the Ethereum Virtual Machine . Its blockchain is still account-based, comprising ‘contract accounts’ operated through a code , and ‘external accounts’ which are managed through private keys.

The price of Ethereum Classic has been through lows and highs in the 5 years since its creation through an Ethereum hard fork. Trading at lows below $1 and highs above $40, Ethereum Classic price is another example of the high volatility dictating trends in the cryptocurrency market. Senate hearing and said the central bank will likely need to raise interest rates more than anticipated.

The members of the ETC Market Intelligence Group comprise the Research Directors of the 34 National Tourism Organisations who are members of ETC. The main purpose of the MIG is to act as a research think tank and provide the organisation with strategic advice on research-related aspects. The MIG provides an active forum for the sharing of market intelligence, as well as for the commissioning of new research which is to the benefit of Europe as a whole. Cryptoassets are highly volatile and unregulated in some EU countries and the UK. Increase from one day ago and signalling a recent rise in market activity.

Ethereum Classic was the original version of Ethereum, prior to the DAO hack. While Ethereum 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. The Ethereum Classic network is secured using proof-of-work, but as a minority chain, it has suffered regular attacks itself. Unlike Ethereum, 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. Since its launch, Ethereum Classic has sought to differentiate itself from Ethereum, with the two networks’ technical roadmap diverging further and further from each other with time.

The network rewards miners with ETC whenever they add a block of transactions to the blockchain. 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. Following the bug exploit in the DAO, many investors proposed reversing the Ethereum blockchain to rescue the affected investors, while others argued that doing so would set the precedent for future bailouts. 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. The Ethereum Classic blockchain was created as a result of a hard fork of the Ethereum blockchain in 2016.

Although a vast majority voted for the hard fork, a few community members disagreed due to philosophical and ideological differences. They argued that blockchains should be immutable, meaning that transactions cannot be reversed, upholding the “code is law” ethos. 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.

Because of the upgrades, Ethereum Classic’s supply is capped at 210.7 million and its block reward declines by 20 percent every 5 million blocks, or roughly every two and a half years. Please also note that data relating to the above-mentioned cryptocurrency presented here are based on third party sources. They are presented to you on an “as is” basis and for informational purposes only, without representation or warranty of any kind. Links provided to third-party sites are also not under Binance’s control. Binance is not responsible for the reliability and accuracy of such third-party sites and their contents. Circulating supply shows the number of coins or tokens that have been issued so far.

Ethereum Classic is an open source, blockchain based distributed computing platform. Like ETH it provides a decentralized turing-complete virtual machine, the EVM, which can execute scripts across the network. Ethereum Classic is a continuation of the original Ethereum blockchain – described as the classic version, preserving untampered history, free from external interference. When the split first happened, everyone who held ether at the time received the exact same amount of ethereum classic in their wallets for free.

• Circulating supply shows the number of coins or tokens that have been issued so far.
• He has a Bachelor of Arts from the University of Nottingham and a law degree from the College of Law, London.
• As a result, the block reward awarded to miners was reduced from 5 ETC to 4 ETC.
• Increase from one day ago and signalling a recent rise in market activity.

Much like Ethereum, Ethereum Classic offers smart contract functionality and supports the deployment and use of decentralized applications . As of Mar 08, The market capitalization of Ethereum Classic is $2.6 Billion, it’s ranked as #24 this is when calculating mcap with circulating supply if with total supply market cap will be $ 4 Billion. As proof of work crypto coin, new ETC’s are generated through the mining process, so on each block, new assets are created. There are currently approx 71.5 M ETC coins left that aren’t in circulation yet from the maximum supply of 210.7 M. The widely-recognized Ethereum blockchain launched by Vitalik Buterin and Gavin Wood in July 2015, raised $150 million through an Initial Coin Offering conducted by ‘The DAO’, in April 2016.