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. 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.

There has instead been an increase in hashrate, and it has reached a brand-new all-time high. Ethereum Classic has been seeing some of the largest growth with the news of the Ethereum Merge. Where other cryptocurrencies were seeing single-digit gains, Ethereum Classic had seen double-digit gains that pushed its price well past the $40 mark at one point. Now, even though the market has begun to shed some of its gains from the hype around the Ethereum Merge, Ethereum Classic is still seeing significant growth. Investing in Ethereum Classic, ETC will purely depend on your personal risk appetite. As you can see over the past 24 hours Ethereum Classic’s price has witnessed a -3.99% decrease and over the past 30 days Ethereum Classic has decreased by -17.72%.

What is the Ethereum Classic all time low?

This allows users to exchange money, property, and other valuable items without a middleman. Ethereum Classic is basically a decentralized, blockchain-based platform that runs smart contracts. As a smart contract platform, it hosts and supports decentralized applications , which are GALA applicable in different scenarios and solve different problems within and outside the crypto space. It also has a native currency that trades by the ticker symbol ETC.

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At the start of his career, Buterin was writing articles on cryptocurrency for Bitcoin Weekly in exchange for Bitcoin tokens. The rate at the time was 5 BTC per article, which was $3.50 then and approximately $200,000 at the time of this writing. 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. The current version of Ethereum uses this newer blockchain, and Ethereum classic uses the old version.

Most of the original Ethereum technological features and architecture were preserved in Ethereum Classic . Thus, Ethereum Classic still runs as an account-based blockchain that consists of external accounts and contract accounts. The external accounts are controlled with a user’s private keys and can create and sign messages. On the other hand, contract accounts are managed by the contract code and used only to conduct transactions as a response to a message.

Latest About Ethereum Classic

These are the https://www.beaxy.com/‘s quantitative metrics of its official GitHub Public Repositories that can be used to trace regular or artificial development activity, growth & popularity of the project. These are the project’s quantitative metrics of its Organizational GitHub Public account that can be used to trace regular or artificial development activity & growth within the project. FDMC is the Market Cap if the Maximum Supply of a coin/token was entirely in circulation. Select ETC and the desired fiat that you would like to convert to view the estimated live conversion price. In March 2020, the second ETC reduction event slashed block reward by another 20% to 3.2 ETC. In April 2022, another 20% block reward slashing (from 3.2ETC to 2.56 ETC) was implemented.

A corrective phase followed and ETC coin was trading in the vicinity of $50 within a month. It stayed within the range of $40 to $70 for the remainder of the year, closing 2021 at a market value of $35. While Ethereum Classic has seen a significant hashrate spike, other Ethash-based token networks like Ravencoin , Ergo , and Beam have not see any substantial increases in hashpower. ETC’s hashrate reached an all-time high at 38.37 TH/s at block height 15,776,674 on August 20, 2022. The hashrate is up 39% higher than it was four days ago.ETC’s largest mining pool is Ethermine as it commands 8.05 TH/s, which is followed by Poolin’s 8.02 TH/s.

Market Overview

Wood was responsible for writing the code of the Ethereum blockchain, and the product became very successful immediately after its launch. The project was so successful, in fact, that it attracted bad actors, including a hacker that compromised the network in 2016 and stole roughly $50 million worth of cryptocurrency. Over the years, ETH has grown to become the biggest smart contract platform while ETC has struggled to keep pace. To understand how Ethereum Classic works, you need to be familiar with smart contracts. In simple terms, smart contracts are self-executing computer programs that are stored on a blockchain and run according to predetermined conditions. They do not require the involvement of a third party and cannot be manipulated.

DR metric is a sign of the project’s website reputability that is ranked from 0 to 100 . Organic Traffic – is a metric of how many monthly users visit the project’s website via search engines. All these metrics are used for determining active or passive projects despite the artificial hype. The quantity of all coins/tokens that have ever been issued , minus all coins/tokens that have been removed from circulation . The Total Supply is similar to stock market’s Outstanding Shares. The current cryptocurrency Market Capitalization Dominance among all other cryptocurrencies in the market.

As of writing this article, ETC had a ethereum classic all time high volume of $101,010,209. Jamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 6,000 articles for Bitcoin.com News about the disruptive protocols emerging today. Hashrate is the total computational power used to mine and process transactions on a blockchain network.

Remaining on the ethereum classic all time high 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. 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.

During its creation period, the platform raised 12.7M ETH, which was valued at $150 million at the time. As a decentralized network, The DAO was open-source and made its code available to community contributors. Publicly circulating amount of specific cryptocurrency coins/tokens that were mined or issued to date, and are not locked/staked . 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.

Once there are sufficient assets in the wallet, swapping is possible. ADA Most CEXs also require KYC information these days, which is not ideal for people seeking privacy over their online activity. Malicious actors trick users into revealing their private keys or attack systems with malware.

The price of Ethereum Classic has been through lows and highs in the 5 years since its creation through an Ethereum hard fork. Trading at lows below $1 and highs above $40, Ethereum Classic price is another example of the high volatility dictating trends in the cryptocurrency market. ETC is used on the Ethereum Classic blockchain in a similar manner to ETH on the Ethereum network.

• It cannot access any upgrade or change on the being implemented on Ethereum.
• This means that the Ethereum Classic price is likely to increase as the supply becomes more scarce.
• Buy Bitcoin and other cryptocurrencies – the simple, safe, smart way.
• The maximum token supply of Ethereum Classic is limited to 210,700,000 ETC. 138,063,286 ETC are in circulation at the time of writing.
• Ethereum Classic is basically a decentralized, blockchain-based platform that runs smart contracts.

Nevertheless, Ethereum Classic remains a viable option for investors and users who are looking for an alternative to Ethereum. One of the proposals was to revert the blockchain to the timestamp before the hack occurred due to the system delay that prevented the hackers from extracting the funds for a month. However, many community members felt that a backward-compatible hard fork goes against the principles of Code is Law. The most active and popular exchanges for buying or selling ETC are Binance, Kucoin & Kraken.

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. For September 2023, the forecasted average of Ethereum Classic is nearly $25.38.

Exchange cryptocurrencies in seconds to get the most out of your assets. Buy Bitcoin and other cryptocurrencies – the simple, safe, smart way. In the last 24 hours.ETC has a circulating supply of 139.8 M ETC and a max supply of 210.7 M ETC. Visit our currency converter page to convert ETC prices to currencies other than USD. In addition, today, the old branch is actively interested in China and other Asian countries — the region that feeds the entire cryptocurrency market. 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.

To check Ethereum Classic’s price live in the fiat currency of your choice, you can use Crypto.com’s converter feature in the top-right corner of this page. Speculations abound for how high Ethereum Classic’s price will get in the future. The earliest trading data for Ethereum Classic is on July of 2016 . Instead of a few venture capitalist partners making decisions on which projects to invest in, DAO holders were promised a voting input in investments.