• 09 Feb. 2023
• Fahrgefuehl

Ethereum Classic Price ETC Price index, Live Chart & Marketcap

June 2023 might also witness an increase in the Ethereum Classic value to $24.26. It is assumed that the price will not drop lower than $22.42 in June 2023. Get daily alerts on price changes of the top 10 cryptocurrencies. No part of the content we provide constitutes financial advice on coin prices, legal advice, or any other form of advice meant for you to rely on for any purpose. Any use or reliance on our content is solely at your own risk and discretion.

Deposit crypto to our exchange and trade with deep liquidity and low fees. In the last 24 hours.ETC has a circulating supply of 139.8 M ETC and a max supply of 210.7 M ETC. Senate hearing and said the central bank will likely need to raise interest rates more than anticipated. Powell also warned that banks should be „quite cautious“ about getting involved in digital assets.

Latest Ethereum Classic (ETC) Price Prediction

ethereum classic value cap is measured by multiplying token price with the circulating supply of ETC tokens . For more information on digital NEAR asset risk see FINRA, SEC, and CFPB public advisories. SoFi will apply a markup of up to 1.25% for each crypto transaction. The launch of Ethereum Classic came after the 2016 Ethereum DAO hack, which resulted in a fork of the Ethereum blockchain. The Ethereum network as it exists today is the forked chain, while Ethereum Classic is the original chain upon which the DAO hack occurred.

This system is similar to what we have on the Ethereum blockchain. We also gather additional information from different sources to make sure we cover all necessary data or events. 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.

People Also Ask: Other Questions About Ethereum Classic

ETC price went on to increase by nearly 3000% after hitting its ATL. In August of the same year, Ethereum Classic price broke the psychological level of $1 for the first time and traded at $1.79. ETC is used GAL on the Ethereum Classic blockchain in a similar manner to ETH on the Ethereum network.

OKX offers the ETC/https://www.beaxy.com/T, ETC/USDC, ETC/BTC, ETC/ETH, and ETC/OKB trading pairs. Alternatively, you can buy ETC directly with fiat or convert your 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.

ETC to USD Converter

The start of 2019 was bearish as well for Ethereum Classic with lows of around $3 in January. From February to May 2019, ETC price saw a more stable period of growth and managed to trade at over $8, reaching $9 in June as the new high for the year. By the end of 2019, ETC price had been through numerous changes caused in part by high volatility, trading between $8 and $3.

This metric can be used as a predictive indicator of the asset’s future market capitalization. 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. But even though the two coins initially had the same future supply projections, differences came about over time as each coin evolved. That is supposed to make ETC a better store of value than Ethereum, because its tokens are scarcer.

An evaluation of the ethereum classic value and ETC charts indicates that the latter has closely followed the price movement of the former. However, this could be attributed to the fact that ETH, 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.

The Ethereum Classic network is secured with a proof-of-work algorithm, but as a minority chain, it has suffered regular attacks itself. The Ethereum Classic blockchain has fallen victim to two 51% attacks where the hackers managed to take over control of the blockchain’s mining hash rate. This enabled the hackers to execute false transactions and double spend tokens to exploit the blockchain. However, such 51% attacks are uncommon in the crypto ecosystem. Is a decentralized computing platform on top of which smart contracts can be executed, enabling the development of decentralized applications.

Like Ethereum, Ethereum Classic makes it possible to issue ERC-20 standard tokens. Ethereum Classic, however, is incompatible with updates to the Ethereum network, such as the Ethereum Merge. Remaining on the blockchain would have meant that investors weather the economic effect of the DAO, but the bailout was commenced and investors made whole, by moving to the new blockchain. Coinpaprika.com needs to review the security of your connection before proceeding. Follow me, I will show you the learning path, as well as how to earn big rewards while learning. According to an in-depth review process and testing, Ledger and Trezor are one of the safest and most popular hardware wallet options for keeping Ethereum Classic.

Buy Bitcoin and other cryptocurrencies – the simple, safe, smart way. Install the ‘Exchange’ application on Ledger Live, along with the applications for the coins you wish to swap. DEXs are ideal for investors who prefer privacy and ownership over their assets. However, there are still some loose ends on the security front when online wallets are used, as they may expose private keys resulting in thefts and frauds. P roof-of-stake mining process, and numerous developers are still working on future network enhancements. Charts Explore more data on the digital asset markets with comprehensive graphs.