Ethereum Classic Price ETC Price Index and Live Chart

Ethereum Classic generate tokens and handles transaction in a similar manner to Bitcoin. However, it has the additional feature of handling smart contracts, and this enables Ethereum Classic to be used as a development platform. One part of the Ethereum community advocated for a hard fork in which the damage done by the DAO hacker would effectively be rolled back and erased from the blockchain’s history. This part of the Ethereum community backed the Ethereum chain as we know it today, with ETH as its native asset. 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.

Earn up to $1,000 when you fund a new account, and earn up to $100 in Bitcoinwith your first qualifying crypto trade . The Ethereum Classic to USD chart is designed for users to instantly see the changes that occur on the market and predicts what will come next. Buy Ethereum Classic with confidence on a trusted exchange in Australia with security practices above and beyond most exchanges across the world. The easiest place to store your ETC is in the free multi-coin wallet that you receive when you sign up with Cointree.

What is the price of Ethereum Classic?

In addition to tracking price, volume and market capitalisation, CoinGecko tracks community growth, open-source code development, major events and on-chain metrics. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG. Our price prediction forecasts use real-time Ethereum Classic market data and all data is updated live on our website.

Sentiment can also affect the price of ETC and other cryptocurrencies. From the price of $5 in December 2020 and the start of 2021, ETC price experienced a surge and traded at $9 as its highest price in January. Ethereum Classic price also showed positive momentum on a monthly basis from February to April, recording billions in trading volume and reaching a new high for the year in April at the value of $20.

Ethereum Classic Price Prediction 2023

Ethereum Classic is a decentralized smart contract-enabled network that aims to become a global payment system. Originating from the Ethereum network, Ethereum Classic uses the proof-of-work consensus mechanism and supports decentralized applications. The Ethereum Classic network has suffered multiple majority attacks or 51% attacks since its launch, which resulted in the creation of the Ethereum network from a hard fork in the first place. Meanwhile, Ethereum’s blockchain is considered one of the most secure ones in the market, having experienced no attacks to date.

Prior to the launch of Ethereum Classic, developers released new cryptocurrencies through the processor of simply copying as well as modifying existing cryptocurrency software. Ethereum Classic, on the other hand, was created by people who simply didn’t want to upgrade to Ethereum ’s new code. In XRP the middle of autumn 2023, the Ethereum Classic cost will be traded at the average level of $26.39. Crypto analysts expect that in October 2023, the ETC price might fluctuate between $25.39 and $28.89. Based on past average price bullish trend and historical data, we predict that the horizons are bright.

This is a catalyst pushing the value of Ethereum Classic price upwards. Working hard to change the world map of technology, the entire ecosystem of Ethereum Classic ensures that participants benefit from blockchain-enabled functional advantages. Thus, to stay competitive, most crypto projects continually improve features and technologies to beat competitive edges. Many crypto projects pursue improvements to their technologies to stay competitive. Having the foundation of ERC20 gives Ethereum Classic prediction a further boost as the owners are free to govern their currency without any middlemen involved.

Native Cryptocurrency

The Ethereum Classic coin is among the largest crypto assets by market cap and enjoys high trading volume and liquidity on exchanges worldwide. You can buy or sell ETC, trade it against other cryptocurrencies, or choose to hold it if you believe in the long-term potential of the Ethereum Classic platform. Check the latest Ethereum Classic price, ETC market cap, and 24-hour trading volume, and perform fundamental, technical, and sentiment analysis on the Ethereum Classic price chart before entering a new trade. The corporate mission of Ethereum Classic forecast is not to lead solely on the growth path. The corporate has planned big for the future, embarking on various partnerships and collaborations. Being listed on eminent cryptocurrency exchanges like Coinbase and Binance, Ethereum Classic, Huobi Global offers a safe and dependable platform to its traders.

In August 2023, the Ethereum Classic cost may drop to a minimum of $23.84. The reason is some software does not allow ETC considering it could harm your system. However, with some KYC in place and creating an exception in your anti-virus, you can smoothly sail in with ETC price. Due to this attack, a new branch or fork of the software was developed in order to patch the security holes and return the stolen funds to the victims of the attack. This new branch is still at the foundation of what is called Ethereum today, and the old branch is known as Ethereum Classic.

Let us check the data for Ethereum Classic price forecast for 2023 to 2030. As per the Ethereum Classic price predictions, the currency gain more traction due to its privacy tag. In fact, privacy is the hallmark of ETC, which has been the center stage of all currency activities gaining worldwide acceptance.

Unlike many other etc values, Ethereum Classic price predictions saw extreme growth for almost the entirety of 2017. In January, its exchange rate was just below $2 and there was high risk due to price drop. By September, it had climbed up to an incredibly high and crossed the $18 mark, but even that was too pale in comparison to the growth spurt that awaited it. Yes, Ethereum Classic is legal to purchase and own anywhere where cryptocurrency is legal.

2025 might mark as the benchmark year as the ETC price is predicted to surpass $40 by all means. Based on the ETC price prediction 2025, the coin is estimated to reach the minimum price of $38 and the maximum price level of $42 by the end of 2025. To harness the optimum potential, experts worldwide and die-hard investors of ETC have advised sticking to this currency mainly for the reasons of price escalation expectation. In fact, it has sustained momentum and consistently performed as said before till the recent cryptocurrency market crash. It is an open-source blockchain network that handles smart contracts.

The Ethereum Classic cryptocurrency prices are capable of generating tangible income, which attracts users ETC community has set higher benchmarks for itself notwithstanding. Price of Ethereum prediction shall surpass all cryptocurrency investors’ expectations who have found this platform extremely interactive and uncomplicated. Currently, Ethereum Classic is trading around $19.8 and here there are price forecasts also mentioned which can be helpful. However, there still lurked a challenge of accessibility, transparency, and huge transaction fees.

The table above shows the number of days which Ethereum Classic closed above a certain price level. Ethereum Classic is committed to staying as a Proof of Work network, in pursuit of decentralization maximalism, quite unlike its sibling which is soon transitioning to Proof of Stake. Its community lays great emphasis on two core principles – immutability and censorship resistance – with ‘Code is Law’ being the governance motto. Sign up for an account in minutes to buy crypto using credit card or bank transfer. Since Ethereum Classic was the original version of Ethereum before the hack, it was founded by Vitalik Buterin in 2016. The percentage of Binance customers who increased or decreased their net position in BTC over the past 24 hours through trading.

It can be clearly defined that ETC, listed on various exchanges, has positioned itself among many of the top currencies but to stay at that level, it has to exploit its maximum potential. In July 2021, the Ethereum Classic launched a hard fork known as Magneto to implement multiple features through the Berlin hard fork. It aims to be the go-to platform for smart contract development which helps developers create unstoppable applications. The old blockchain was renamed and Ethereum Classic was born, and with it, a new cryptocurrency joined the market. Ethereum Classic kept operating on the old blockchain, formerly Ethereum, representing the original idea of an open-source decentralized network that operates on smart contracts. Conversion rates are based on CoinDesk’s Bitcoin Price Index and the price indices of other digital assets.

One of the crowning glories among https://www.beaxy.com/ industry assets is Ethereum Classic, featured as ETC, the native token based on the Ethereum Classic price prediction platform. With the DeFi becoming the talk of the town, algorithms and cryptocurrencies seem to be ruling the blockchain world. As a blockchain network, Ethereum Classic relies on a Proof-of-Work consensus mechanism. This means that users around the world provide computational power to validate transactions and ensure the security of the network.

You can instantly trade Ethereum Classic for the Austrian dollar or any other cryptocurrency with thousands of trading pairs available on our exchange. Many investors buy Ethereum Classic as a long-term investment, only planning to sell Ethereum Classic when the market cap has risen significantly. You can then withdraw AUD, keep your funds on the exchange, or use them to make a trade.

Reward amounts will be determined based on the type and relevance of the information provided. ⧫ Start mining by submitting your hashrate and receive Ethereum Classic crypto in your wallet. Register for an account on KuCoin using your email address if you are new to our platform.

However, this could be attributed to the fact that etc value, the second largest cryptocurrency, often drives the entire crypto market. Unlike Ethereum, which does not have a supply limit, ETC supply is limited to 210.7 million tokens. This is because ETC has adopted a deflationary approach where the scarcity of tokens over time is expected to drive up ETC prices. After the split, the Ethereum Classic decided to implement some core changes in the emission system of ETC as part of the plans to solidify its status as an independent blockchain. After reaching a consensus on implementing an ETC monetary policy, the development team launched the Gotham update in December 2017. Unlike most cryptocurrencies, ETC did not emerge via a public sale or other means of crypto funding like an ICO.

The current price of Ethereum Classic is –, with a 24-hour trading volume of –. In the last 24 hours, the price of Ethereum Classic decreased by 3.38%. With a circulating supply of 132,826,796 ETC and a maximum supply of 210,700,000 ETC, Ethereum Classic’s fully diluted market cap stands at –. Ethereum Classic shares the underlying technology with the Ethereum blockchain.

• To buy ETC with your preferred fiat, click ”Buy with card” under ”Buy Crypto” on the top navigation bar.
• In the last 24 hours, the price of Ethereum Classic has changed by 3.62%.
• Most Ethereum users moved on to the new hard fork, leaving Ethereum Classic with a significantly smaller community.
• Technical analysis examines the price history of Ethereum Classic.
• Popular exchanges will automatically detect your location and adjust their availability according to your region’s financial regulations.

Over the years, ETH has grown to become the biggest smart contract platform while ETC has struggled to keep pace. Nevertheless, the ETC crypto could still have value as a speculative digital asset, and could gain more utility if a larger number of projects decides to build on top of the Ethereum Classic platform. 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. However, a hacker stole $3.6 million three months later, by exploiting a bug in one of The DAO’s smart contracts. The live price of Ethereum Classic is in constant flux, with frequent radical changes that can bring major gains or major losses. The price is defined by the activity of traders who buy and sell ETC and other cryptocurrencies on various exchanges.

The emission reduction schedule of ETC initiates after 5 million blocks have been added to the blockchain. And since it takes roughly 2.5 years for 5 million blocks to be processed on Ethereum Classic, the subsequent block reward reduction will occur sometime in the third quarter of 2024. On the same day the network deployed the Gotham update, the ETC emission reduction protocol implemented the first block reward slash. As a result, the block reward awarded to miners was reduced from 5 ETC to 4 ETC. Head to the KuCoin Exchange for 24/7 live updates of ETC/USD prices and the ability to buy/sell crypto quickly.