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Ethereum Classic

ETC

4.5

Price
$29.19
9/24/2022, 1:55:02 PM
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Market

Market stats

Market cap

$4.0B

Volume (24h)

$625.9M

Circulating supply

137.0M ETC

Typical hold time

45 days

Popularity

#17

All time high

$176.16

Price change (1h)

-0.27%

Price change (24h)

+7.2%

Price change (7d)

-13.67%

Trading activity

76% Buy0% Buy
24% Sell100% Sell

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Ethereum Classic is on the decline this week.

The price of Ethereum Classic has fallen by 13.67% in the past 7 days. The price increased by 7.20% in the last 24 hours. In just the past hour, the price shrunk by 0.27%. The current price is $29.19 per ETC. Ethereum Classic is 83.43% below the all time high of $176.16.

The current circulating supply is 137,032,766.086 ETC.

About

Ethereum Classic is a cryptocurrency with a special focus on immutability, popularly expressed as “code is law.”

What is Ethereum Classic (ETC)?

In July 2016, the Ethereum network experienced a hard fork, creating two separate blockchains: Ethereum (ETH) and Ethereum Classic (ETC). Though it’s sometimes confused with Ethereum, Ethereum Classic is now a totally different cryptocurrency with different technological and philosophical goals, specifically a special focus on immutability, popularly expressed as “code is law.”

Like Ethereum, Ethereum Classic is a decentralized computing system that can run a wide variety of applications. ETC is Ethereum Classic’s native currency, which is used to power transactions and smart contracts on its network.

How does Ethereum Classic work?

Similar to Ethereum and its native unit ETH, Ethereum Classic users pay fees in ETC to execute smart contracts, and you can think of it as the fuel that keeps the whole thing running (which is why those fees are called “gas”). Gas fees pay miners which solve “proof of work” puzzles using sophisticated computers to help verify the network. 

A key distinction, however, is that Ethereum is planning to migrate from “proof of work” mining to a new system called “proof of stake.” Ethereum Classic has no such plans, and intends to keep traditional mining on its own blockchain after Ethereum migrates.

Like ETH, new ETC is issued to the circulating supply as a reward for miners as new blocks of transactions are added to the blockchain. Unlike ETH, which doesn’t have a fixed supply, ETC has a maximum supply of 210,700,000 coins.

How is ETC mined?

Powerful computers mine ETC, adding it to the circulating supply. While Ethereum Classic can be mined using widely-available graphics processors, it’s most likely not profitable unless you use an ASIC, a specialized device designed for crypto mining.

After Ethereum Classic’s fork from Ethereum in 2016, Ethereum Classic has struggled to compete in terms of market capitalization, developers, and network security as measured by total mining power. Over its history, Ethereum Classic has been subject to numerous “51% attacks” in which malicious actors control a majority of the mining power and were thus able to spend coins they didn’t actually own (also known as a double spend attack).

How do I buy ETC?

You can buy, send, and receive ETC via exchanges like Coinbase.

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Social

Ethereum Classic on social media.

Ethereum Classic was mentioned in 1,642 out of 1,761,616 social media posts on Twitter and Reddit on Sep 22, 2022. 2,968 unique individuals are talking about Ethereum Classic and it is ranked #120 in most mentions and activity from collected posts.

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Key indicators

Contributors

2,968 people

Posts

1,642 posts

Dominance

0.09%

Volume rank

#120

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FAQ

What is the current price of Ethereum Classic?

The price of 1 Ethereum Classic currently costs $29.19.

What is the market cap of Ethereum Classic?

The current market cap of Ethereum Classic is $4.00B. A high market cap implies that the asset is highly valued by the market.

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 paid for Ethereum Classic since it was launched.

What is the 24 hour trading volume of Ethereum Classic?

Over the last 24 hours, the trading volume of Ethereum Classic is $625.87M.

What other assets are similar to Ethereum Classic?

Assets that have a similar market cap to Ethereum Classic include Uniswap, yOUcash, Cosmos, and many others. To see a full list, see our comparable market cap assets.

How many Ethereum Classic are there?

The current circulating supply of Ethereum Classic is 137 million.

What is the typical holding time of Ethereum Classic?

The median time that Coinbase customers hold Ethereum Classic before selling it or sending it to another account or address is 45 days.

What is the relative popularity of Ethereum Classic?

Ethereum Classic ranks 28 among tradable assets on Coinbase. Popularity is currently based on relative market cap.

What is the current trading activity of Ethereum Classic?

Currently, 76% of Coinbase users are buying Ethereum Classic. In other words, 76% of Coinbase customers have increased their net position in Ethereum Classic over the past 24 hours through trading.

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