ETC Price: Ethereum Classic Price, News, Charts, and Portfolio Analytics

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. However, the miners and users, aggrieved at this move, decided to stay on the original Ethereum blockchain, which later metamorphosed into the Ethereum Classic network.

Instead, it was created due to a changing Ethereum landscape that birthed two independent blockchains. Ethereum Classic has a fixed maximum supply of 210.7 million coins and a circulating supply of over 135 million as of June 2022. On the other hand, Ethereum’s ETH has a total supply of over 121 million at the time of writing. The ETC price action could trend higher as the Ethereum Classic ecosystem grows in the future and more dApp developers build and deploy their applications on it.

How is Ethereum Classic used by cryptocurrency traders?

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.

• Ever since it emerged from the original project, the Ethereum Classic cryptocurrency has seen important developments.
• Hence ETC fans advocate that this platform is entirely dependable, as good as raw cash.
• While fiat currencies are losing their sheen in the recessionary phase of world economies, cryptocurrencies gain momentum.
• The Ethereum Classic coin is among the largest crypto assets by market cap and enjoys high trading volume and liquidity on exchanges worldwide.

The percent change in trading volume for this asset compared to 1 hour ago. According to CoinDesk’s historical price data, ETC’s price surged to a peak of $42 during the 2017 bull run, before crashing to a low of $3 during the crypto-wide bear market. Amid the resurgence of buying momentum in 2021, ETC’s price skyrocketed to an all-time high of $134. Ethereum Classic proved to be one of the most talked about coins in the crypto space this past year.

Price and Market Cap

Popular exchanges will automatically detect your location and adjust their availability according to your region’s financial regulations. As a development platform, Ethereum Classic is still emerging as a network for developers of decentralized finance applications. In each attack, millions of dollars worth of Ethereum Classic tokens have been stolen. Attackers can “double spend”, essentially sending two transactions at the same time and doubling their tokens at no cost. In August and September of 2020, Ethereum Classic suffered three consecutive 51% attacks. However, it is this instability that makes Ethereum Classic useful as a trading asset.

World economies somersaulted drastically in light of the Pandemic. Usually when $ETC starts to run, we’re nearing the end of a trend. There’s high volume coming into it with a 50% increase in the last day. On the chart, you can see that ETC broke it’s downtrend line and has retested it and now is basing outside of it. ETCUSD can be ready for more upside as market can be forming a new bullish setup formation based on Elliott wave theory. Ethereum Classic with ticker ETCUSD made an impulsive five-wave recovery since December 19th of 2022, when we spotted a completed ending diagonal/wedge pattern within wave C of an A-B-C correction.

Ethereum Classic (ETC) Price Prediction 2028

The of Ethereum Classic depends on a wide variety of specific factors that help form its market value. Ethereum Classic has a capped max supply, which means that no new coins will be minted once all of the supply is in circulation. This fixed supply means that ETC isn’t subject to inflation like fiat currencies and an increase in demand will drive up its price. January 2020 started bullishly with 157% of gains and ETC was able to climb to the price of $12 as its new high for the year until it reached the value of $13 in February. 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.

The record of attacks and controversies have pulled the future of the token into question, but there is still active development and investment in the token. A flaw in Ethereum Classic’s code makes it very vulnerable to a specially engineered type of blockchain network attack called a 51% attack. Ethereum Classic represents the legacy of the original Ethereum token.

Ethereum Classic (ETC) price history

Especially because etc value is the first to have come up with Smart Contracts, Ethereum Classic price prediction will benefit out of the same with systems and partnerships in place. Ethereum Classic price forecast team has evolved a system whereby all transactions are regularly monitored, and any minuscule suspicion is entirely eliminated to protect the data. Allowing no dubious key image or transaction similarities, the ETC miners ensure sure there is no double-spend. The ETC/USD predictions since then have started hovering towards optimism than pessimism. Traders and investors have started betting on long term for price of ETC movement tracking it very closely. Hence the Ethereum Classic price prediction for this whole year remains quite encouraging.

The Ethereum blockchain as we know it today rolled back the chain and reverted it to its original unhacked status in July 2016. 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. The lack of these developments can also affect the price, usually pushing it downwards as sentiment around the project becomes negative.

Crypto Asset to Trade and HODL

In the process, redundant costs are eliminated, and https://www.beaxy.com/ speed is trebled. No wonder this is an outcome of years-long thinking, strategizing, science, and technology- all combined together. With time came cryptocurrencies on the digital roadmap with date-set milestones and then manifested the genesis of Ethereum Classic. Forked out of Ethereum in 2016, Ethereum Classic’s mission has been to make investors feel safe and transact securely with ETC at lightning-fast speed. However, the developers of ETC have announced plans to open the token up to decentralized finance applications through a platform called Wrapped ETC or WETC.

To trade ETC/USDT, ETC/USDC, ETC/BTC, ETC/ETH, or ETC/OKB, click “Basic Trading” under “Trade.” Under the same tab, click “Convert” to convert crypto to ETC. Due to the novelty of The DAO and the perceived viability of its use case, it raised $150 million worth of ETH during its crowdsourcing campaign. But unfortunately, there was a vulnerability in The DAO’s smart contract. The emission rate is designed to shrink over time in the hopes that its supply will gradually fall below the demand and boost the token’s value. Section to buy cryptocurrency with fiat currency using more than 70 payment methods, including Visa, Mastercard, SEPA, and PayPal.

ETC minimum and maximum prices might hit $27.19 and $31.29 accordingly. As of now, Ethereum Classic price is $19.26 with Ethereum Classic market capitalization of $2,692,757,631.78. Once Ethereum Classic price prediction runs fully on the PoS rails, miners will have two BTC options. One is to sell the equipment and use that money to accumulate more ETC and start staking. A complete private Ethereum blockchain is actually centralized to one organization for writing permissions. Read permissions may be public or restricted to an arbitrary extent.

This system is similar to what we have on the Ethereum blockchain. Ethereum Classic might continue to trade across $50 over the 2027 as per the Ethereum Classic price predictions. By the end of the year, the price of ETC is predicted to reach a minimum price level of $46.9. And on the upside, the ETC coin might hit the maximum price level of $52.7. The other part of the Ethereum community maintained that immutability was a crucial aspect of blockchains, even though it might sometimes lead to undesirable outcomes.

Gavin Wood was a research scientist at Microsoft as well as a holder of a master’s degree and a doctorate in computer science. Early in his career, he worked on embedded programming languages, lighting software, programming language workbenches, and smart contract editors for legal documents. 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. Fundamental analysis focuses on the wider economic state of the market, as well as dev team activity, new upgrades, updates, and the overall value of ETC utility. Events like partnerships, adoption, and government regulations can also affect the price of ETC and are observed through the use of fundamental analysis. In the last 24 hours, the price of Ethereum Classic has changed by 3.62%.

These smart contracts are automated agreements between parties that are handled and protected by the encrypted security of the blockchain network. This means that Ethereum and Ethereum Classic are both cryptocurrency tokens, decentralized networks, and an underlying technology for developing decentralized applications. Most decentralized applications are built on the Ethereum blockchain, and Ethereum Classic has the same capabilities. It has been on the market since 2016 and is available across several cryptocurrency exchanges and platforms, including the top ones. In spite of its close ties with ETH, ETC’s price doesn’t necessarily show a lot of correlation with the price of ETH. Rather, the general crypto market conditions and specific events within the Ethereum Classic ecosystem influence the price.

According to the technical analysis, most of the competitors of Ethereum Classic, too, did not mesmerize the traders either. However, ETC price consistency has tried to show in itself a unique feature to debate. Ultimately, proving itself worthy of this good investment, ETC price has ever since then only grown beyond expectations with its price curve steadily rising upwards.

Ethereum Classic is this open-sourced, decentralized as well as blockchain-based distributed cryptocurrency platform that runs smart contracts. It emerged as a split version of Ethereum’s blockchain as a result of a hack, where the newer version of Ethereum was created, but this older one carried on life. ETC Blockchain algorithm being the center stage of this cryptocurrency, the entire phenomenon and fundamental focus of this Ethereum Classic cryptocurrency is programmability. This allows the users to not only benefit from a digital money perspective but also use ETC for all marketplace transactions such as financial services, apps, games, to name a few, which can be built on the platform.