Ethereum Classic price
Current price
$5.95
−2.14% 24h
Live Updated just now
Today Ethereum Classic falls 2.1%, trailing the market.
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View as table
| Time | Price |
|---|
Change by period
- 1 hour +0.17%
- 24 hours −2.14%
- 7 days −12.76%
- 30 days −24.81%
- 1 year −61.43%
Ethereum Classic's move in context
Lagging the market today
−2.14% in 24 hours against −1.45% for the market as a whole, a gap of 0.7 points. Small gaps like this are common, so they don't point to anything specific.
- We compare the last 24 hours with this coin's typical day, from 26 recent days (up to four weeks). We only count exchanges we read on both days, so an exchange we've just added doesn't look like extra trading. This describes trading, not where the price goes next.
$4.84M traded in the last 24 hours on the exchanges we read, close to its usual day.
- The price of each exchange's last trade, read in the past few minutes, in US dollars or dollar stablecoins; markets with little trading are left out. Gaps under 1% are everyday: fees and the gap between buying and selling prices take up most of them.
Ethereum Classic's last prices on 7 exchanges we read are within 0.24% of each other, so the price above isn't one exchange's quirk.
Part of a slide
−12.8% over 7 days and −24.8% over 30 days: the recent move continues the monthly direction.
This is analysis of past prices, not a prediction or financial advice.
Where to trade Ethereum Classic
Prices agree within 0.24% across these 7 exchanges.
- Binance Most traded ETC/USDT $2.57M 24h volume Last price $5.95 0.00% vs our price
- Bybit ETC/USDT $795.82K 24h volume Last price $5.95 −0.03% vs our price
- HTX ETC/USDT $379.21K 24h volume Last price $5.95 −0.02% vs our price
- Gate.io ETC/USDT $365.41K 24h volume Last price $5.95 −0.07% vs our price
- Bitget ETC/USDT $336.98K 24h volume Last price $5.95 −0.08% vs our price
Each exchange's last price against our price above. Listed for convenience, not as advice: check that an exchange is allowed where you live.
About Ethereum Classic
Ethereum Classic: The Original Ethereum Blockchain
Ethereum Classic (ETC) is a decentralized, open-source blockchain platform that emerged as a result of a hard fork from the original Ethereum network in 2016. The fork was a response to a contentious decision following the infamous DAO hack, where a vulnerability in a decentralized autonomous organization (DAO) led to the theft of millions of Ether. The Ethereum community was divided on how to handle the situation, leading to the creation of two separate blockchains: Ethereum (ETH) and Ethereum Classic (ETC). While Ethereum chose to reverse the hack by implementing a hard fork, Ethereum Classic decided to maintain the integrity of the original blockchain, embracing the principle of "Code is Law."
Key Aspects of Ethereum Classic
Immutable Blockchain: One of the defining principles of Ethereum Classic is its commitment to immutability. The decision not to reverse the effects of the DAO hack reflects a philosophical stance that code should be immutable and that blockchain transactions should be irreversible. This has made Ethereum Classic a symbol of the original vision of blockchain technology, where the rules are hard-coded and cannot be changed retrospectively.
Smart Contracts and DApps: Like Ethereum, Ethereum Classic supports smart contracts and decentralized applications (DApps). Developers can build and deploy DApps on the Ethereum Classic network, utilizing the same tools and languages as Ethereum. However, the community and developer ecosystem around Ethereum Classic are smaller compared to Ethereum, which can influence the range and diversity of DApps available on the platform.
Security and 51% Attacks: Ethereum Classic has faced significant challenges related to security, particularly from 51% attacks, where an attacker gains majority control of the network's hash rate. These attacks have resulted in double-spending and other malicious activities, highlighting the risks associated with maintaining a smaller network. Despite these challenges, the Ethereum Classic community has implemented various measures to improve network security, such as increasing the time between block confirmations and exploring potential changes to its proof-of-work algorithm.
Decentralization and Governance: Ethereum Classic operates with a decentralized governance model, where decisions are made by the community and network participants rather than a centralized authority. This approach aligns with its commitment to maintaining a truly decentralized blockchain, where changes to the protocol are only made with broad consensus from the community. This decentralization also means that development and upgrades to the network can be slower compared to Ethereum.
ETC Token and Market Position: The native cryptocurrency of the Ethereum Classic network is ETC. It is used for transactions, paying for gas (computational fees), and participating in network governance. While ETC has consistently remained in the top cryptocurrencies by market capitalization, its value and adoption have been overshadowed by Ethereum. Nevertheless, ETC remains a significant asset within the crypto ecosystem, particularly for those who support its principles of immutability and decentralization.
Future Outlook: The future of Ethereum Classic is closely tied to its ability to address security concerns and continue attracting developers and users to its platform. With ongoing efforts to enhance security and potential upgrades to the network, Ethereum Classic aims to solidify its position as a reliable and resilient blockchain for decentralized applications. As the broader cryptocurrency market evolves, Ethereum Classic may find renewed interest from those who value its commitment to the original ideals of blockchain technology.
Ethereum Classic market
- Position by market cap among the coins we track whose circulating supply is checked.
- #54
- Position by market cap among the coins we track whose circulating supply is checked.
- Price × coins in circulation. It measures a coin's size, not its quality.
- $946.26M
- Price × coins in circulation. It measures a coin's size, not its quality.
- Dollars traded in the last 24 hours on the exchanges we read, in pairs against the dollar or a dollar stablecoin such as USDT. Sites that count more exchanges and pairs show higher figures.
- $4.84M
- on the exchanges we read
- Dollars traded in the last 24 hours on the exchanges we read, in pairs against the dollar or a dollar stablecoin such as USDT. Sites that count more exchanges and pairs show higher figures.
- The lowest and highest price we recorded in the last 24 hours. The dot marks the current price.
- Low $5.67 High $6.10
- The lowest and highest price we recorded in the last 24 hours. The dot marks the current price.
- The highest price in our records for this coin. The bar shows the current price as a share of it.
- $167.09
- Now 4% of it Reached 6 May 2021 · Needs +2,708% to get back
- The highest price in our records for this coin. The bar shows the current price as a share of it.
- Coins that exist now and can be traded.
- 159.03M ETC
- 75% of max
- Coins that exist now and can be traded.
- Every coin created so far, minus any destroyed, including coins that are locked up.
- 210.7M ETC
- Every coin created so far, minus any destroyed, including coins that are locked up.
- The most coins that can ever exist. Some coins have no limit.
- 210.7M ETC
- The most coins that can ever exist. Some coins have no limit.
Ethereum Classic converter
1 Ethereum Classic = $5.95
