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Ethereum Classic

Ethereum Classic priceETC

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Ethereum Classic price calculator

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ETC
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1 ETC = 31.49 USD
Last updated 2024-05-25 21:20:56(UTC-0)
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Ethereum Classic price live data summary

The live price of Ethereum Classic is $31.49 per (ETC / USD) today with a current market cap of $4.64B USD. The 24-hour trading volume is $297.20M USD. ETC to USD price is updated in real time. Ethereum Classic is -0.78% in the last 24 hours. It has a circulating supply of 147,232,670 .

What is the highest price of ETC?

ETC has an all-time high (ATH) of $176.16, recorded on 2021-05-06.

What is the lowest price of ETC?

ETC has an all-time low (ATL) of $0.4524, recorded on 2016-07-25.

Ethereum Classic price prediction

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What will the price of ETC be in 2025?

Based on ETC's historical price performance prediction model, the price of ETC is projected to reach $32.77 in 2025.

What will the price of ETC be in 2030?

In 2030, the ETC price is expected to rise by -19.00%. By the end of 2030, the ETC price is projected to reach $48.77, with a cumulative ROI of +54.91%.
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Ethereum Classic price performance in USD

24h7d30d90d1yAll-time
-0.78%+10.22%+17.06%+16.01%+73.79%+10055.26%
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Ethereum Classic price history in USD

TimeLowHigh
24h$31.33$32.29
7d$27.37$34.18
30d$24.1$34.18
90d$22.97$39.62
1y$13.42$39.62
All-time$0.4524(2016-07-25, 7 years ago )$176.16(2021-05-06, 3 years ago )
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Ethereum Classic market information

Market cap
$4,635,763,684.76
-0.78%
Fully diluted market cap
$6,634,094,044.84
-0.78%
Volume (24h)
$297,204,414.77
-59.65%
Market rankings
Circulation rate
+69.00%
24h volume / market cap
0.0641
Circulating supply
147,232,670 ETC
Total supply / Max supply
210,700,000 ETC
210,700,000 ETC
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Ethereum Classic ratings

Average ratings from the community
4.6
100 ratings
This content is for informational purposes only.

Ethereum Classic Social Data

In the last 24 hours, the social media sentiment score for Ethereum Classic was 3.2, and the social media sentiment towards Ethereum Classic price trend was Bullish. The overall Ethereum Classic social media score was 9,326, which ranks 169 among all cryptocurrencies.

According to LunarCrush, in the last 24 hours, cryptocurrencies were mentioned on social media a total of 1,058,120 times, with Ethereum Classic being mentioned with a frequency ratio of 0.01%, ranking 141 among all cryptocurrencies.

In the last 24 hours, there were a total of 489 unique users discussing Ethereum Classic, with a total of Ethereum Classic mentions of 147. However, compared to the previous 24-hour period, the number of unique users increase by 2%, and the total number of mentions has decrease by 30%.

On Twitter, there were a total of 5 tweets mentioning Ethereum Classic in the last 24 hours. Among them, 20% are bullish on Ethereum Classic, 0% are bearish on Ethereum Classic, and 80% are neutral on Ethereum Classic.

On Reddit, there were 10 posts mentioning Ethereum Classic in the last 24 hours. Compared to the previous 24-hour period, the number of mentions decrease by 0% .

All social overview

Average sentiment(24h)
3.2
Social score(24h)
9.33K(#169)
Social contributors(24h)
489
+2%
Social mentions(24h)
147(#141)
-30%
Social dominance(24h)
0.01%
Twitter
Tweets(24h)
5
+400%
Twitter sentiment(24h)
Bullish
20%
Neutral
80%
Bearish
0%
Reddit
Reddit score(24h)
6
Reddit posts(24h)
10
0%
Reddit comments(24h)
0
0%

About Ethereum Classic(ETC)

About Ethereum Classic

In 2016, Ethereum suffered a major exploitation, resulting in a loss of 3.6 million ETH, worth approximately US$60 million at the time, and potentially worth billions of USD today. This hack had far-reaching consequences within the crypto industry: investors were in a state of panic and hurriedly sold off their holdings, while critics of cryptocurrencies used the opportunity to criticize blockchain">blockchain technology. Meanwhile, Ethereum developers were under immense pressure to find a solution, as the hackers had only 28 days to cash out the stolen 5% total supply of ETH in circulation.

Fortunately, a solution emerged: reverting the Ethereum blockchain to a state before the hack occurred. This way, those affected by the exploit could retain their funds, and it was as if the unfortunate event had never taken place. The majority of voter-miners approved this solution, and it received endorsement from Vitalik Buterin, the creator of Ethereum. Consequently, Ethereum was reversed, and the hack no longer existed on the new hard fork, which became the main Ethereum chain. The original chain, which still contained the stolen funds, was then referred to as Ethereum Classic (ETC).

Despite being less popular than ETH, Ethereum Classic is supported by many who embrace the philosophy of "Code is King." They believe that the immutability of the blockchain must be upheld at all costs. Supporters of Ethereum Classic argue that reversing the exploit goes against the fundamental principles of blockchain and compromises the technology's essential security. This reason is why they chose proof-of-Stake (PoS). On the Ethereum Classic website, developers claim that PoW is more secure due to its 50% fault tolerance, whereas a PoS network can be influenced with just 33% fault tolerance. However, it is worth noting that Ethereum Classic experienced multiple 51% attacks in 2019 and 2020, raising concerns about its security.

Resources

Official website: https://ethereumclassic.org/

How Ethereum Classic (ETC) Works

Up until block number 1,920,000, Ethereum Classic and Ethereum are technically identical. Originally, Ethereum Classic was planned to support PoS, just like Ethereum, as it made the transition. However, after various updates and debates, the developers of Ethereum Classic decided to remain with PoW, prioritizing security over speed and scalability. The team acknowledges that Ethereum Classic is "conservatively run," committed to preserving the pure essence of blockchain ideals. While Ethereum Classic shares many similarities with pre-Merge Ethereum, there are notable differences:

- Prioritization of integrity and security over speed and scalability.

- Full replication of data rather than fragmentation of data, as seen in Ethereum.

- The token of Ethereum Classic, ETC, has a hard cap, unlike Ethereum's ETH, to ensure property rights of holders.

Critics of Ethereum Classic's PoW consensus mechanism argue that it consumes excessive energy and is too slow for processing daily transactions. Nonetheless, supporters counter that PoW provides a significantly safer network, making it ideal as a layer 1 to handle large volumes of transactions, while Ethereum can be used as a layer 2 to group transactions to send to Ethereum Classic.

What Determines Ethereum Classic's Price?

Understanding the factors that affect the Ethereum Classic Price requires a comprehensive look into its market dynamics, technological updates, and investor sentiment. One of the key drivers of Ethereum Classic price today is its historical relationship with Ethereum (ETH). Born from a hard fork following the DAO hack in 2016, Ethereum Classic (ETC) is considered by some as the "original" Ethereum. This viewpoint has resulted in distinct market behaviors when comparing Ethereum Classic vs Ethereum price.

While Ethereum moved to scalability and adopting Proof-of-Stake consensus mechanisms, Ethereum Classic remains steadfast in its original Proof-of-Work system. This difference has attracted a specific group of miners and investors, thus affecting the ETC to USD conversion rates and contributing to the Ethereum Classic market cap.

Another vital aspect in Ethereum Classic price analysis is its rate of adoption and technological advancements—or lack thereof. Unlike Ethereum, which boasts a bustling ecosystem of Decentralized Finance (DeFi) and Non-Fungible Tokens (NFTs), Ethereum Classic has lagged in these areas. This lag has direct implications for ETC price prediction and impacts the current Ethereum Classic price, making it more volatile and highly dependent on market sentiment.

Investor confidence is often reflected in ETC price news and Ethereum Classic price updates, which can significantly influence the ETC coin price. Regulatory shifts, security concerns, and broader market trends in the crypto space also play crucial roles in shaping the Ethereum Classic price forecast and its future investment potential.

Conclusion

In conclusion, Ethereum Classic prioritizes security and immutability, serving as a reminder of diverse perspectives in the crypto world. With staunch proponents advocating the "Code is King" philosophy, Ethereum Classic remains committed to upholding the core principles of blockchain, even if it means compromising on speed and scalability.

It's important to note that like any other cryptocurrencies, Ethereum Classic carries its own risks and it's always wise to do your own research and exercise caution while investing.

How to buy Ethereum Classic (ETC)

Buying Ethereum Classic on Bitget is fast and simple.
You just have to create an account, complete identity verification, deposit funds, and your trading journey is all set!
For more information, refer to How to buy Ethereum Classic (ETC) .

Trade ETC perpetual futures

After having successfully signed up on Bitget and purchased USDT or ETC tokens, you can start trading derivatives, including ETC futures and margin trading to increase your income.

The current price of ETC is $31.49, with a 24h price change of -0.78%. Traders can profit by either going long or short onETC futures.

Join ETC copy trading by following elite traders.

After signing up on Bitget and successfully buying USDT or ETC tokens, you can also start copy trading by following elite traders.

Ethereum Classic news

See more
profileImg

Ethereum ETP saw a net outflow of approximately $63.5 million last week

Bitget2024/05/16 11:22
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The negative premium rate of Grayscale ETHE reached 23.64%

Bitget2024/05/15 23:05
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It is estimated that there are about 28 days left before ETC production cuts

Cointime2024/05/06 02:13
profileImg

ETC Group Launches New Bitcoin ETP Product on Deutsche Börse XETRA

Cointime2024/04/30 04:55
profileImg

BlockDAG Emerges as Premier Altcoin with Significant Growth Potential Amid Ethereum Classic’s Price Stability & Solana’s Volatile Volume Trends

DailyCoin2024/04/29 13:13

People are also inquiring about the price of Ethereum Classic.

What is the current price of Ethereum Classic?

We update our Ethereum Classic to USD price in real time. Get the live Price of Ethereum Classic on Bitget.

What is the 24 hour trading volume of Ethereum Classic?

Over the last 24 hours, the trading volume of Ethereum Classic is $297.20M.

What is the all-time high of Ethereum Classic?

The all-time high of Ethereum Classic is $176.16. This all-time high is highest price for Ethereum Classic since it was launched.

Can I buy Ethereum Classic on Bitget?

Yes, Ethereum Classic is currently available on Bitget’s centralized exchange. For more detailed instructions, check out our helpful How to buy Ethereum Classic guide.

Can I get a steady income from investing in Ethereum Classic?

Of course, Bitget provides a strategic trading platform, with intelligent trading bots to automate your trades and earn profits.

Where can I buy Ethereum Classic with the lowest fee?

We're pleased to announce that strategic trading platform is now available on the Bitget exchange. Bitget offers industry-leading trading fees and depth to ensure profitable investments for traders.

Ethereum vs. Ethereum Classic: What are the differences?

Ethereum and Ethereum Classic trace back to a shared blockchain until a 2016 hard fork. This split followed a DAO hack on Ethereum, sparking debates on altering the blockchain to refund hack victims. Ethereum evolved from this fork, erasing the hack, while Ethereum Classic remains the original, preserving the hack's record. Both chains now have distinct developments and are not cross-compatible.

Why is Ethereum Classic so cheap?

Ethereum Classic is so cheap because it's not in as great demand as Ethereum. Ethereum is a more popular cryptocurrency, so more people want to invest in it. Additionally, the Ethereum blockchain has a larger ecosystem of dapps and is widely used for decentralized finance.

Should I invest in Ethereum Classic?

Choosing between Ethereum (ETH) and Ethereum Classic (ETC) hinges on your investment goals. Ethereum, has a much larger market cap and ranks just below Bitcoin and boasts better liquidity and wider availability than ETC. While ETH is easily tradable, ETC requires wrapping for compatibility with ERC-20 standards. ETH is ideal for those valuing liquidity, while ETC, often seen as speculative, appeals to purists favoring the untampered ledger. Analyze your investment objectives before settling on a crypto token.

Does Ethereum Classic have a future?

Ethereum Classic (ETC) supports smart contracts and dApps but has fewer applications than Ethereum (ETH). Despite this, ETC has unique advantages like a commitment to censorship-resistance and lower transaction fees. While Ethereum dominates in dApp hosting, ETC's adherence to its original vision and proof of work consensus could ensure its sustained relevance in the competitive crypto market.

What is ETC price potential?

Ethereum Classic (ETC) price is influenced by market demand, technological developments, regulatory changes, competition from other cryptocurrencies, and overall sentiment in the crypto market. Staying informed on these dynamics can guide ETC investment decisions.

Is Ethereum Classic undervalued?

Grayscale Ethereum Classic Trust (Etc) has a Value Score of 96, which is considered to be undervalued. Grayscale Ethereum Classic Trust (Etc)'s price-earnings ratio is 1.5 compared to the industry median at 2.2. This means that it has a lower price relative to its earnings compared to its peers
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Cryptocurrency investments, including buying Ethereum Classic online via Bitget, are subject to market risk. Bitget provides easy and convenient ways for you to buy Ethereum Classic, and we try our best to fully inform our users about each cryptocurrency we offer on the exchange. However, we are not responsible for the results that may arise from your Ethereum Classic purchase. This page and any information included are not an endorsement of any particular cryptocurrency.

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ETC is available for trading on the Bitget Exchange, and can be held in custody on Bitget Wallet. Bitget Exchange is also one of the first CEX platforms to support ETC trades.
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