Ethereum Classic Price for today is $6.8307212038. Its current circulating supply is ETC 110,661,811 with a market cap of $755,899,979.
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Currently, Ethereum Classic (ETC) is trading at $6.8307 with ETC price 7.68% down today. The market cap of Ethereum Classic is USD 755,899,979 with 110,661,811 etc circulating currently. The 24-hour price movement chart indicates that $608,862,977 worth of ETC were trading. The price peaked to $7.3800 in the last 24 hours while the lowest price was $6.7300.
There is a possible increase that can be predicted in the value of ETC price, which is expected to increase to at least $34.252 by the end of this year, which is an expected increase of a healthy 401.440463%. This means that in the year 2023, the Ethereum Classic price is forecasted to stand at $114.842 . You can keep track of Ethereum Classic’s progress by adding it to your wallet portfolio.The ETC price prediction is made on the basis of the fact that it is the proposal blockchain of the second most valuable cryptocurrency in the world.
Moreover, the fact that the Ethereum Classic is a less crowded network results in faster transactions, helping to increase the ETC coin value. The improvement in ETC value seen as a result of the improvement in ETC price over the past few months brings confidence to this coin. This coin has shown a lot of promise with its slow and steady rise even after the disastrous failure of the DAO project, making it an interesting cryptocurrency to watch out for. CoinSwitch allows the checking and comparing of ETC rate with other cryptocurrencies for efficiently trading in Ethereum Classic in the simplest and most secure way possible.
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Ethereum has been one of the most popular cryptocurrencies in the world after Bitcoin. However, in 2016, Ethereum blockchain was split into two blockchains, one being the renowned Ethereum cryptocurrency and the other being the original blockchain on which Ethereum was based, which is now called Ethereum ETC cryptocurrency.
This was the result of the failure of the Decentralised Autonomous Organisation or the DAO project failure by Ethereum in 2016. CoinSwitch is one of the leading exchanges for cryptocurrencies aggregating over 275 different kinds of cryptocurrencies and alt-coins, including major cryptocurrencies like Bitcoin, Ethereum, Litecoin and Monero. CoinSwitch facilitates efficient ETC trading by allowing the users to buy, sell, exchange ETC as well as convert ETC in the most seamless manner.
CoinSwitch uses a simple currency converter which can be used to buy Ethereum Classic after comparing it with fiat currencies, like USD, EUR, GBP etc. or other cryptocurrencies like BTC, NEO etc. CoinSwitch makes it simple to buy ETC coin with transactions between the sender and the receiver made very easy using the friendly UI which deposits the Ethereum Classic coins into the beneficiary’s Ethereum Classic wallet or the ETC wallet protected by a unique key, which is never asked to be revealed by CoinSwitch.
To understand whether or not to invest in Ethereum Classic ETC, it needs to be thoroughly understood about ETC and why ETC was formed, being split from ETH. Ethereum Classic or the ETC cryptocurrency was formed in 2016, being split from the Ethereum blockchain, because of the DAO project, which raised 150 Million US Dollars losing 50 Million dollars to a hacker due to an error in the smart contract code!
The only option left for the Ethereum developers was to create a hard fork in the blockchain, or changing the code of the original blockchain to create a split, to refund the investors of the DAO project to avoid losing their money. The other option was to do nothing and let it continue in a decentralised manner.
The Ethereum developers chose to do a hard fork based on opinion polls, and this gave birth to the ETC coin, with famous developers in the community including Vitalik Buterin, the founder of Ethereum also moving to the new blockchain ETH. Although ETC has not grown as fast as ETH in the past couple of years, ETC has also become progressively valuable due to the core value propositions still intact in the ETC blockchain.
If you are new to crypto trading, it's always advisable to learn about, what is Ethereum Classic, it's benefits and indicative return on investment.