ETC - Ethereum Classic Price, Charts, All-Time High, Volume & Markets - In USD, EUR, CNY etc. | Nomics
YTD
USD

Ethereum Classic (ETC)

ETC Price
$6.3183
23.32%
Market Cap
$734.94M
23.32%
Volume
$455.52B
221.97%
Transp. Vol.
4%56.13%
Grade
B gradeB grade
Rank
#37

ETC / Ethereum Classic Price

(1 year)
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Ethereum Classic Year-to-Date Performance

Today's Ethereum Classic price is $6.3183, which is up 23% since the beginning of the year. Ethereum Classic's market cap is $734.94M. Year to date ETC volume is $455.52B. It has a market cap rank of 37 with a circulating supply of 116,319,790 and max supply of 210,700,000. Ethereum Classic is traded on exchanges. Ethereum Classic had an all-time high of $42.84 almost 3 years ago. Since the beginning of the year, Ethereum Classic has had 4% transparent volume.

ETC Data Highlights
Market Cap
$734.94M
23.32%
Volume
$455.52B
221.97%
Transp. Vol.
$19.23B4%56.13%
Transparency GradeB gradeB grade(Good)
Circulating Supply116,319,790
Max Supply210,700,000
7D Price Prediction
N/A

Ethereum Classic Statistics

Price

$6.3183
Price Change
$1.1949 (23.32%)

All-Time High

$42.84
Date of ATH1/14/2018
Days Since ATH1050
% of ATH14.75%
Price vs ATH

Market Cap

$734.94M
Mkt Cap Change
$138.99M$138,990,530 (23.32%)
Mkt Cap Rank37
Mkt Dominance<1%
Mkt Dominance

Circulating Supply

116,319,790
Max Supply210,700,000
% in Circulation55.21%
% in Circulation

Volume

$455.52B$455,519,355,617
Vol. Change
$314.04B$314,039,759,134 (221.97%)
Exchange VolumeUnknown

Transparent Volume

4%
Transparent Volume (Δ)
56.13%
Transparent Volume
A - 4%
B - <1%
C - 61%
D - 31%
? - 3%

About Ethereum Classic

Ethereum Classic (ETC) is a second generation blockchain, a network, a community, and a cryptocurrency. In addition to allowing people to send amounts of value to each other, ETC allows for complex contracts that operate autonomously and cannot be modified or censored.

Both Ethereum Classic and Ethereum (ETH) have a value token called ‘Ether’, which can be transferred between participants, stored in a cryptocurrency wallet, and used to compensate participant nodes for computations performed on the Ethereum Platform.

The Ethereum concept was initially described in a white paper by Vitalik Buterin, a Russian-Canadian programmer in late 2013. Development was funded by an online crowdsale that took place between July and August 2014, with the Ethereum system going live on 30 July 2015.

Two years after Ethereum’s launch there was a hack which caused a split in the community, often described as a ‘battle of ethics and ideology’. The victims were investors in a fund called the DAO (Decentralized Autonomous Organization), which was launched by the Ethereum community as a decentralized investment fund for smart contract projects.

Instead of a few venture capitalist partners making decisions on which projects to invest in, DAO holders were promised a voting input in investments. The project was so popular that the ICO attracted over $150 million in funding.

In June, 3.6 million Ether (worth approximately $50 million USD) was taken from accounts in the DAO and moved to another account without the owners' consent, exploiting one of several vulnerabilities that had already been flagged by community members. A loophole in the code allowed someone to repeat a refund request multiple times for the same DAO tokens before the transaction could be registered on the system. The recursive function was able to run until a third of DAO’s funds were siphoned off.

Ironically the stolen currency can never be spent because the code in the blockchain would allow them to be traced. Following the hack, there was a majority decision that Ethereum needed to fork and create something new from scratch.

The new protocol retained the original name Ethereum (ETH) because of the amount of community support for the fork. It functions on a brand new blockchain, and the vast majority of miners, users, and protocol from the previous version of Ethereum use this new version. In this sense, Ethereum functions more like a software company. ETH’s primary value is in its use case scenarios and community support. The Ethereum Alliance, for example, consists of billion-dollar firms such as Accenture, JP Morgan, Microsoft, and UBS. The Ethereum chain that forked (ETH) was able to retrieve the $50 million that was hacked and return it to investors.

Ethereum Classic (ETC) has a new name but is the original version of the Ethereum protocol using the original blockchain. Only 10% of the community was in favor of keeping it, but it is said to still retain value because of the speculative nature of the crypto market.

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Ethereum Classic Markets

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Ethereum Classic Historical Data

(Past 7 Days)
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Frequently Asked Questions

  • What’s the current Ethereum Classic price? How much is 1 Ethereum Classic worth?

    The price of 1 Ethereum Classic is $6.3183. Over the last 24 hours, a Ethereum Classic is worth 1.44% more. Go here to convert ETC prices to currencies other than USD.
  • When did Ethereum Classic start?

    The earliest trading data for Ethereum Classic is on July of 2016 (based on current exchange data).
  • How high can the Ethereum Classic price go?

    Ethereum Classic’s price has gone as high as $42.84 (which is ETC’s all-time high). It achieved this price almost 3 years ago. Speculations abound for how high Ethereum Classic’s price will get in the future.

Today's ETC / Ethereum Classic News for November 29, 2020

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