Ethereum Classic Price Live ETC Value Chart & Market Cap 2023

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. This allows users to exchange money, property, and other valuable items without a middleman.

Ethereum Classic’s current share of the entire cryptocurrency market is 0.25%, with a market capitalization of $ 2.65 Billions. The network maintains the principle of ‘Code is Law,’ letting dApps operate just as they were programmed, in a censorship-free, zero downtime, decentralized and transparent ecosystem. Anyone with access to major cryptocurrency exchanges can purchase, store, and exchange Ethereum Classic tokens under the ticker symbol, ETC.

Why are you interested in Ethereum Classic?

Select ETC and the desired fiat that you would like to convert to view the estimated https://www.beaxy.com/ conversion price. Ethereum Classic is the sister blockchain to Ethereum, as they both originate from the Ethereum blockchain initially launched in 2015. The price of ETC has historically been heavily correlated to ETH price movements, according to OKX’s ETH and ETC charts.

• Due to the fact that they carried on running this code, they created a new cryptocurrency, and this cryptocurrency is what we know today as Ethereum Classic.
• The balance between buying and selling activity will eventually form the price and define a market cycle as bearish or bullish.
• Ethereum Classic represents the legacy of the original Ethereum token.
• In each attack, millions of dollars worth of Ethereum Classic tokens have been stolen.
• 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.

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. To simplify the latest ETC price prediction, we have divided up the prediction by short term Ethereum Classic price prediction and long term Ethereum Classic price prediction. As of writing this article, ETC had a trading volume of $103,355,705.

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On average, the network can manage 15 transactions per second, far less than centralized payment networks, such as Visa, or even other decentralized blockchain networks. Although Ethereum Classic has had software upgrades, its payment system scalability remains to be one of its most challenging struggles going forward, thus, its use cases remain limited. Ethereum Classic and Ethereum remain similar in terms of their basic functionalities. For example, developers can make use of the open-source code to develop and run decentralized applications and ERC-20 tokens can also be created for use on such applications. The Ethereum Classic price statistics could enjoy support whenever the crypto market enjoys a strong bullish sentiment. Such an upbeat mood not only sends the price of market leaders higher but increases investor confidence in buying altcoins such as ETC.

WETC is a token built on the ChainBridge network that allows for the development of the DeFi applications. It is based on the older versions of Ethereum that existed before fundamental changes to the codebase. Ethereum Classic or ETC has its uses and role in the cryptocurrency industry, and it has its own unique history as a cryptocurrency token. However, the main intention of Ethereum Classic is to preserve the Ethereum blockchain as it originally used to be, without countering the DAO attack that occurred at the time. Its appeal was to those who disagreed with the response Ethereum took to the attack; however, this legacy network, over time, has gained a larger fan base with major investors.

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Ethereum works in a very similar way to its predecessor, Bitcoin. It is an open-source blockchain network that handles smart contracts. These smart contracts are automated agreements between parties GAL that are handled and protected by the encrypted security of the blockchain network.

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. 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. The live price of ETC is 19.4 USD, representing a decrease of -8.00% in the past 7 days and -1.52% decrease in the past 24 hours.

etc prices on the price fluctuations of Ethereum Classic at the beginning of 2023, crypto experts expect the average ETC rate of $21.05 in March 2023. Its minimum and maximum prices can be expected at $19.05 and at $21.65, respectively. According to the technical analysis of Ethereum Classic prices expected in 2023, the minimum cost of Ethereum Classic will be $27.19. Ethereum Classic has a fixed maximum supply of 210.7 million coins and a circulating supply of over 135 million as of June 2022.

The live price of Ethereum Classic is $ 18.90 per (ETC / USD) today with a current market cap of $ 2.64B USD. A decentralized platform that runs smart contracts, created in 2016, when Ethereum underwent a ‘hard fork’. Now existing as two separate blockchains, Ethereum Classic remains true to its brand while remaining the “original Ethereum” with smart contract functionality even as Ethereum evolves further. 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. However, it has gotten a reputation as the lesser legitimate option of the two networks.

The percent change in trading volume for this asset compared to 7 days ago. The percent change in trading volume for this asset compared to 1 hour ago. None of the content on Changelly, including the Ethereum Classic price forecast, is investment advice, nor is it a replacement of advice from a certified financial planner. Before deciding to buy Ethereum Classic, we recommend you to do your own research. Only time will tell whether Ethereum Classic will be able to survive and thrive in the long term. ETC minimum and maximum prices might hit $27.19 and $31.29 accordingly.

Ethereum Classic’s price for 2028 according to our analysis should range between $57.38 to $86.07 and the average price of ETC should be around $71.72. Ethereum Classic’s price for 2027 according to our analysis should range between $44.48 to $66.72 and the average price of ETC should be around $55.60. Ethereum Classic’s price for 2026 according to our analysis should range between $34.48 to $51.72 and the average price of ETC should be around $43.10. Ethereum Classic’s price for 2025 according to our analysis should range between $26.73 to $40.09 and the average price of ETC should be around $33.41. Ethereum Classic’s price for 2024 according to our analysis should range between $20.72 to $31.08 and the average price of ETC should be around $25.90. Ethereum Classic’s price for 2023 according to our analysis should range between $30.76 to $46.14 and the average price of ETC should be around $38.45.

Section to buy cryptocurrency with fiat currency using more than 70 payment methods, including Visa, Mastercard, SEPA, and PayPal. The value of Ethereum Classic as an investment is highly dependent on how you invest in the token. As a long-term investment to buy and hold, Ethereum Classic is a risky investment. 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.

The DAO was supposed to allow participants to pool capital and jointly decide on the projects they would invest in. ETC anchors the mining economy of the Ethereum Classic ecosystem. The network rewards miners with ETC whenever they add a block of transactions to the blockchain. After the hard fork, the old Ethereum chain was supposed to be phased out but instead, those who disagreed with the fork kept the network alive. This led to the genesis of Ethereum Classic, with ETC as its native token. Although ETH and ETC initially shared several similarities, the two networks have grown far apart regarding technological features.

Ethereum Classic’s price for 2031 according to our analysis should range between $123.18 to $184.77 and the average price of ETC should be around $153.97. Ethereum Classic’s price for 2030 according to our analysis should range between $95.49 to $143.23 and the average price of ETC should be around $119.36. Ethereum Classic’s price for 2029 according to our analysis should range between $74.02 to $111.03 and the average price of ETC should be around $92.53.

• Alternatively, you can buy ETC directly with fiat or convert your crypto to ETC.
• For starters, having launched in 2016, it’s one of the more established cryptocurrencies.
• According to the Ethereum Classic Price Prediction model above, ETC’s price in 2025 would be $33.41.
• Charts Explore more data on the digital asset markets with comprehensive graphs.
• 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.

Because of the upgrades, etc prices Classic’s supply is capped at 210.7 million and its block reward declines by 20 percent every 5 million blocks, or roughly every two and a half years. Cryptoassets are highly volatile and unregulated in some EU countries and the UK. Ethereum Classic was the original version of Ethereum, prior to the DAO hack. While Ethereum Classic offers similar functionality to Ethereum, it uses a PoW consensus model and has no plans to switch to a proof-of-stake model like Ethereum did after the 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.

Ethereum Classic’s price for December 2023 according to our analysis should range between $35.76 to $41.14 and the average price of ETC should be around $38.45. Ethereum Classic’s price for November 2023 according to our analysis should range between $35.30 to $40.62 and the average price of ETC should be around $37.96. Ethereum Classic’s price for October 2023 according to our analysis should range between $34.85 to $40.10 and the average price of ETC should be around $37.48. Ethereum Classic’s price for September 2023 according to our analysis should range between $34.40 to $39.58 and the average price of ETC should be around $36.99. Ethereum Classic’s price for August 2023 according to our analysis should range between $33.95 to $39.06 and the average price of ETC should be around $36.51. Ethereum Classic’s price for July 2023 according to our analysis should range between $33.50 to $38.54 and the average price of ETC should be around $36.02.

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. The experts in the field of cryptocurrency have analyzed the prices of Ethereum Classic and their fluctuations during the previous years. It is assumed that in 2026, the minimum ETC price might drop to $78.12, while its maximum can reach $96.58. Having analyzed Ethereum Classic prices, cryptocurrency experts expect that the ETC rate might reach a maximum of $27.62 in September 2023.

Binance requires users to complete Identity Verification to increase their account security. 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.