Ethereum Classic ETC Current Live USD Price, Market Capitalization & History

There are thousands of cryptocurrencies floating out on the market now, but Bitcoin is far and away the most popular. Bitcoin and Ethereum are the largest digital assets by market cap but have distinct features and user bases. Unlike Bitcoin, the Ethereum price is far lower, making it more affordable for trading and investing, especially for retail traders.

Crypto analysts expect that at the end of summer 2023, the ETC price will be around $23.05. In August 2023, the Ethereum Classic cost may drop to a minimum of $22.11. During the course of Ethereum’s price trajectory, the market experienced a couple of bull cycles as well as some catastrophic crashes. When 2017’s bull cycle soared ETH’s price to $826, Ethereum’s first major spike was marked. As the need for blockchain grows, Ethereum remains a top choice for developers to leverage their DeFi technologies, relying on the blockchain’s multi-functional and multi-layered ease of access.

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So, further selling pressure in the short term could push ETC downward, especially if BTC remains bearish. Now, let’s provide a simple theoretical example of how the value of stablecoins actually stays stable. Generally, altcoins attempt to improve upon the basic design of Bitcoin by introducing technology that is absent from Bitcoin. This includes privacy technologies, different distributed ledger architectures and consensus mechanisms. Holders and prospective buyers are therefore advised to be cautious as non-positive sentiment is usually followed by a price retracement.

This is done by using computer power to validate and confirm transactions on the Blockchain. The new version of the blockchain with the hack rectified is what is called, Ethereum . The people who felt the hard fork went against the spirit of a leaderless, decentralized system stuck with the original chain consequently calling it Ethereum Classic. 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. This is a statistical representation of the maximum market cap, assuming the maximum number of 210 Million ETC tokens are in circulation today.

ETC Price Live Data

To check Ethereum Classic’s price live in the fiat currency of your choice, you can use Crypto.com’s converter feature in the top-right corner of this page. In the last 24 hours.ETC has a circulating supply of 139.9 M ETC and a max supply of 210.7 M ETC. The total dollar value of all transactions for this asset over the past 24 hours. However, the On Balance Volume increased sharply, showing that trading volumes could boost an uptrend. Notably, the Relative Strength Index , at press time, was deep in the oversold area but retreated slightly. It showed that sellers had an advantage in the market despite buying pressure picking up.

At press etc current price, ETC recorded a shooting star, the last green candlestick on the chart with a long tail wick. The long wick shows bulls pushed the price higher, but bears shelled it down, almost near $15.95 by the time of publication. Technical indicators showed a price reversal to the upside was imminent in the short term. After flipping the critical support around the $18 mark into resistance, ETC broke additional supports as bears took control of the market. STOs and IEOs are alternative token sale models that emerged after ICOs started to fade in popularity. A distributed ledger is a database with no central administrator that is maintained by a network of nodes.

Alongside ensuring a more sustainable network, the PoS consensus model incentivizes people to become validators by rewarding them with more cryptocurrency. In the same vein, validators that exhibit malicious behavior are penalized, giving them a reason to perform efficiently. Ethereum made its debut in the market with a token launch price of $0.31 and reached an astounding all-time high above $4,880 in November 2021. The current circulating supply for Ethereum Classic is 139,898,897 ETC. In the last 24 hours, the price of Ethereum Classic has changed by 9.34%. To view the price of Ethereum Classic in the currency of your choice, select a base currency at the top of the page.

The ‘mother of all moral hazards’: economist Nouriel Roubini cheers the demise of banks with ties to the crypto industry

Getting crypto-backed loans instead of selling your crypto when you need cash with CEX.IO Loan. The EU supports these efforts through knowledge exchange and capacity building activities. The EU also considers opportunities to link the EU ETS with LTC other compatible systems. The EU ETS has proven to be an effective tool in helping drive emissions reductions cost-effectively. Installations covered by the ETS reduced emissions by about 35% between 2005 and 2021 .

The minimum trading cost might be $19.73, while the maximum might reach $21.24 during this month. On average, it is expected that the value of Ethereum Classic might be around $20.48. Based on the price fluctuations of Ethereum Classic at the beginning of 2023, crypto experts expect the average ETC rate of $19.70 in March 2023. Its minimum and maximum prices can be expected at $18.01 and at $20.26, respectively. With the Ethereum blockchain now operating on a proof-of-stake network, dedicated validators help process and confirm transactions on the blockchain without needing to solve complex mathematical puzzles. This consensus model reduced the network’s energy consumption by 99.95%.

Legislative history of Directive 2003/87/EC

As the number moves toward the ceiling of 21 million, many expect the profits miners once made from the creation of new blocks to become so low that they will become negligible. But as more bitcoins enter circulation, transaction fees could rise and offset this. Miners solve complex mathematical problems, and the reward is more Bitcoins generated and awarded to them. Miners also verify transactions and prevent fraud, so more miners equals faster, more reliable, and more secure transactions. Cryptocurrency prices, buy and sell virtual currencies, exchange them between each other, or convert them into fiat funds. Our liquid order books allow high-speed order execution even for huge-amount trades.

• As the number moves toward the ceiling of 21 million, many expect the profits miners once made from the creation of new blocks to become so low that they will become negligible.
• CoinCodex also gives you the ability to compare the price action of different cryptocurrencies on a single chart.
• You can find historical crypto market cap and crypto price data on CoinCodex, a comprehensive platform for crypto charts and prices.
• It will also transform how health records and connected medical devices store and transmit data.
• Ethereum is known for its native token Ether and is the second-largest cryptocurrency by market capitalization.

The Ethereum blockchain is the largest ecosystem for decentralized apps, especially in DeFi, NFTs, and blockchain gaming. Its versatility makes it appealing to invest in significantly as Web 3.0 adoption rises. This, in turn, could send the price of Ethereum higher in the market.

If you want to buy a particular cryptocurrency but don’t know how to do it, CoinCodex is a great resource to help you out. Find the cryptocurrency you’re looking for on CoinCodex and click the “Exchanges” tab. There, you will be able to find a list of all the exchanges where the selected cryptocurrency is traded. Once you find the exchange that suits you best, you can register an account and buy the cryptocurrency there. You can also follow cryptocurrency prices on CoinCodex to spot potential buying opportunities.

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Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies. In fact, the online crypto data provider predicts the digital coin will change hands at $19.76 five days from now and will make another massive surge within the next 30 days to trade at $47.48. Today, almost every country has its own currency, with the exception of countries with a common currency or countries that have adopted a foreign currency .

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. Any data, text or other content on this page is provided as general market information and not as investment advice.

Top cryptocurrencies such as Bitcoin and Ethereum employ a permissionless design, in which anyone can participate in the process of establishing consensus regarding the current state of the ledger. This enables a high degree of decentralization and resiliency, making it very difficult for a single entity to arbitrarily change the history of transactions. It was initially designed to facilitate, authorize, and log the transfer of bitcoins and other cryptocurrencies. A move to a proof of stake consensus algorithm will make the Ethereum blockchain far more energy-efficient, bringing down its energy consumption by as much as 99.95%.

https://www.beaxy.com/ is valued for its versatility and its ability to execute smart contracts. One of the most potent applications of Ethereum is in the decentralized finance sector. It’s impossible to predict the future, but Ethereum Classic does have some things working in its favor. For starters, having launched in 2016, it’s one of the more established cryptocurrencies.

Cryptocurrency mining is the process of adding new blocks to a blockchain and earning cryptocurrency rewards in return. Cryptocurrency miners use computer hardware to solve complex mathematical problems. These problems are very resource-intensive, resulting in heavy electricity consumption. With a blockchain, it’s possible for participants from across the world to verify and agree on the current state of the ledger. Blockchain was invented by Satoshi Nakamoto for the purposes of Bitcoin. Other developers have expanded upon Satoshi Nakamoto’s idea and created new types of blockchains – in fact, blockchains also have several uses outside of cryptocurrencies.

Sometimes it can be difficult to deal with blockchain transactions and crypto trading procedures. So we’ve designed the Instant Buy service to allow customers to easily enter digital finance and use its benefits. We recommend that you perform a technical and fundamental analysis of ETH to USD price before trading Ethereum. Before starting, look at Ethereum’s price, market cap, and 24-hour trading volume. In 2019 and 2020, the second largest cryptocurrency was traded at around $600. The ETH price touched an all-time high of $4,891.70 on 16 November 2021.

However, a close study of the coin’s overall price trend certainly proves the long-range potential of the second largest cryptocurrency. After being awarded a $100,000 grant from venture capitalist Peter Thiel, he devoted his remaining time and energy to creating Ethereum. The official Ethereum blockchain network went live in 2015 along with its native token Ether which followed an $18 million crowd sale.

Thus, there are worldwide more than 160 official currencies that can be traded on the currency market at constantly changing exchange rates. On the currency market, there is a larger trade volume than on the credit or the stock market. For decades, the most important base currencies of the world have been the U.S. dollar, the euro, the British pound and the Japanese yen. As for blockchain technology itself, it has numerous applications, from banking to the Internet of Things.

A currency’s market cap increases when its price per unit increases. Alternatively, an increase in circulating supply can also lead to an increase in market cap. However, an increase in supply also tends to lead to a lower price per unit, and the two cancel each other out to a large extent. In practice, an increase in price per unit is the main way in which a cryptocurrency’s market cap grows.