Ethereum Classic ETC statistics Price, Blocks Count, Difficulty, Hashrate, Value

Moreover, based on future innovations and integration might affect positive trend on the overall growth of the Ethereum Classic ecosystem. By 2026, the price of Ethereum Classic forecast may hit the max price of $48. On the other hand, based on Ethereum Classic predictions, it may correct towards $44. 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.

As a result, projects belonging to other networks will be able to offer support for and migrate easily to Ethereum Classic. Charts Explore more data on the digital asset markets with comprehensive graphs. The current circulating supply for Ethereum Classic is 139,797,976 ETC. In the last 24 hours, the price of Ethereum Classic has changed by 3.36%. To view the price of Ethereum Classic in the currency of your choice, select a base currency at the top of the page.

For more information on https://www.beaxy.com/ asset risk see FINRA, SEC, and CFPB public advisories. SoFi will apply a markup of up to 1.25% for each crypto transaction. Since launch, however, changes in tokenomics have occurred, with participants voting to cap the supply of ETC in December 2017. The maximum supply is thus 210,700,000 ETC, roughly ten times that of Bitcoin , while ETH has no cap. Yes, ethereum classic is a minable coin and, using the Ethash hashing algorithm, you can check, the list of minable coins here.

Ethereum Classic (ETC) Fundamental Analysis

To add to that, in September and December 2016, cryptocurrency exchangesPoloniex andKraken delisted DAO tokens. Ethereum Classic’s long term Price Prediction below is a look at ETC’s future prospect with regards to price. Ethereum Classic was last seen at $18.80, with a market cap of $2,639,869,193 and trading volumes of $116,288,209. ETC’s price prediction is possible by analyzing historical price action, current developments and social sentiment from the community. After the Ethereum hard fork, Ethereum Classic retained most of Ethereum’s original architecture and technical features and continued using the Ethereum Virtual Machine .

Ethereum Classic’s price for 9 Mar 2023 according to our analysis should range between $19.73 to $22.70 and the average price of ETC should be around $21.21. 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.

At first, it may seem pointless that a token with such an obvious drawback and a track record of security issues should even be on the market. 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 is based on the older branch of Ethereum that diverged from a 2016 network hack. In response to the 2016 attack, a new blockchain for Ethereum was developed.

What Is the Highest Price of Ethereum Classic in EUR?

Having the foundation of ERC20 gives how much is ethereum classic worth Classic prediction a further boost as the owners are free to govern their currency without any middlemen involved. In the process, redundant costs are eliminated, and transaction speed is trebled. If you seek to place your assets in long-term investment, ETC may be a bad choice. ETC price history seems to show large increases either when the whole market is growing or when the market is most unstable.

At the time of Ethereum Classic’s inception, it was drafted that the Ethereum holders would be granted an ETC airdrop which helped in maintaining the supply capacity within the cryptocurrency market. However, as both chains evolved, the supply changed because of the functions of token maintenance on their protocols. The Ethereum Classic protocol cannot be modified, unlike the Ethereum blockchain, because of the governance of the protocol. Also, with regards to the governance process on each protocol, ETC operates on the collective contribution of both the network users and developers. Ethereum Classic emphasizes the development and security of its smart contract while maintaining the scalability of the blockchain. They aim to maintain the ease of operation among the developers as much computing power is not needed to mine or operate the network.

Global Ethereum Classic Prices

A 51% attack is a way to compromise the control of token production by controlling 51% or more of mining activity through a single node or group of nodes. In the legacy version of Ethereum, attackers have been able to gain control of 51% of Ethereum network mining activity and steal large amounts of tokens. Ethereum Classic represents the legacy of the original Ethereum token. It has solid intrinsic value, however, its security vulnerabilities make it a very volatile asset.

However, a hacker stole $3.6 million three months later, by exploiting a bug in one of The DAO’s smart contracts. 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 traded at $0.98 when it was created and launched to the market in June 2016.

How much will Ethereum Classic be worth in 10 years?

The renowned cryptocurrencies like Bitcoin, Ethereum, BNB had their own benefit bandwagon to promote. Before we dig into Ethereum Classic price prediction, let us have a look at some of the unique features of Ethereum Classic. The ETC average price is expected to reach minimum and maximum prices of $55.85 and $63.97 respectively. After the analysis of the prices of Ethereum Classic in previous years, it is assumed that in 2024, the minimum price of Ethereum Classic will be around $36.97.

Based on ETC how much is ethereum classic worth prediction 2029, Ethereum Classic might hover around $70 during 2029. The price of Ethereum Classic might reach a minimum price level of $67. And on the positive side, the ETC price might reach the maximum level of $75. 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. However, digging deeper into ETC price history of Ethereum Classic cryptocurrency prices does not reflect many promises.

However, the last year brought a lot of good for Ethereum Classic. The year 2022 might have seen the ETC price hovering between the range of $13 to $49. Hence, it has boosted the market sentiment phenomenon drastically. In addition, today, the old branch is actively interested in China and other Asian countries — the region that feeds the entire cryptocurrency market.

Ethereum Classic operates on the old blockchain and Ethereum on a new one that was created with the hard fork. The live price of Ethereum Classic is $ 18.79 per (ETC / USD) today with a current market cap of $ 2.63B USD. We also gather additional information from different sources to make sure we cover all necessary data or events. Ethereum Classic allows blockchain developers to create and deploy decentralized applications atop it. Of course, the DApps are embedded with smart contracts that execute based on predetermined conditions and are immune to third-party interference.

The estimated average trading value will be at the level of $26.92. This is a statistical representation of the maximum market cap, assuming the maximum number of 210 Million ETC tokens are in circulation today. Depending on how the emission schedule of ETC tokens are designed, it might take multiple years before FDV is realized. Market cap is measured by multiplying token price with the circulating supply of ETC tokens . You can buy ETC from various reputed crypto exchanges, by paying in a fiat currency, or with other cryptocurrencies, through trading pairs like ETC/USDT, ETC/XRP, ETC/BTC and ETC/ADA. You can hold your ETC coins and use them as a long-term store of value.

For this reason, there is hesitance to build large applications with important financial data on the Ethereum Classic blockchain. The security incidents surrounding ETC can also lead to a halt on withdrawals and deposits of the token on major exchanges. This creates major price differences between exchanges, opening market-neutral opportunities for arbitrage between exchanges. In short, ETC can be moved between exchanges and bought and sold at different prices due to the instability surrounding major security events. While Ethereum Classic is undoubtedly the original blockchain, Ethereum is considered the most legitimate.

Read permissions may be public or restricted to an arbitrary extent. Likely applications include database management, auditing, etc., internal to a single company. So public readability may not be necessary in many cases at all, though in other cases, public audibility is desired. The current price per unit of weight and currency will be displayed on the right.

Ethereum Classic’s main aim is to preserve the Ethereum blockchain as it originally was, without artificially countering the DAO hack. Ethereum Classic is in fact the legacy chain of Ethereum, and its true creators are therefore the original Ethereum developers — Vitalik Buterin and Gavin Wood. Since its launch, Ethereum Classic has sought to differentiate itself from Ethereum, with the two networks’ technical roadmap diverging further and further from each other with time. Change the wallet network in the MetaMask Application to add this contract.

• 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.
• As in Ethereum, one needs to pay gas fees for the execution of smart contract functions and coin transactions.
• Buterin is a computer programmer and writer who got involved with the world of cryptocurrency at a very early stage.
• If the price fall first major support level is sitting at $16.46.

Crypto analysts have checked the price fluctuations of Ethereum Classic in 2023 and in previous years, so the average ETC rate they predict might be around $22.33 in May 2023. Yes, since Ethereum Classic is a Proof-of-Work blockchain, you can mine ETC coins using computers and specialized hardware including GPUs. Ethereum Classic ETC currently has a market cap of $2,646,905,254. 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.

According to the Ethereum Classic Price Prediction model above, ETC’s price in 2029 would be $78.47. According to the Ethereum Classic Price Prediction model above, ETC’s price in 2028 would be $62.28. According to the Ethereum Classic Price Prediction model above, ETC’s price in 2027 would be $49.43. According to the Ethereum Classic Price Prediction model above, ETC’s price in 2026 would be $39.23. According to the Ethereum Classic Price Prediction model above, ETC’s price in 2025 would be $31.13. According to the Ethereum Classic Price Prediction model above, ETC’s price in 2024 would be $24.71.

Ethereum Classic’s price for 2025 according to our analysis should range between $24.91 to $37.36 and the average price of ETC should be around $31.13. Ethereum Classic’s price for 2024 according to our analysis should range between $19.77 to $29.65 and the average price LINK of ETC should be around $24.71. Ethereum Classic’s price for 2023 according to our analysis should range between $30.09 to $45.13 and the average price of ETC should be around $37.61. Ethereum Classic’s price for December 2023 according to our analysis should range between $34.97 to $40.24 and the average price of ETC should be around $37.61.

And on the upside, the ETC coin might hit the maximum price level of $52.7. In addition to tracking price, volume and market capitalisation, CoinGecko tracks community growth, open-source code development, major events and on-chain metrics. When the Ethereum hard fork happened in July 2016, all investors who held ETH in their wallets were given the same amount of ETC coins for free. Its next noteworthy surge came during the crypto boom of 2018, when ETC price reached $43.76 on Jan. 13, 2018. However, it retraced to under $20 within a month and continued its fall further after a brief spike in February, trading well under $10 by Q3, 2018. It aims to be the go-to platform for smart contract development which helps developers create unstoppable applications.