Ethereum Classic Price

Track Ethereum Classic Price Today, Live ETC Price Chart & Market Cap

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Ethereum Classic Price Live Data

24H Range
$?19.38
24H Range
$?20.02
52W Range
$?14.48
52W Range
$?39.25
ATH & ATL Range
$?0.452446
ATH & ATL
$?165.75
Ethereum Classic Price$?19.87
Market Cap$?2.93B
Diluted Market Cap $?4.19B
24H Volume$?297.12M
Vol. / M. Cap Ratio 0.1015
Dominance 0.14%
ATH $?165.75 (-88%)
ATH Date May 6, 2021
ATL $?0.452446
ATL Date Jul 25, 2016
Cycle Low $?12.63
Cycle High $?45.11
Circ. Supply 147.26M (70%)
Total Supply 210.70M
Max Supply 210.70M
Supply Inflation 3.30% (Medium)
Volatility 8.74% (High)
PlatformETH
Release Date Jul 23, 2016
Fear & Greed Index 34 (Fear)
Sentiment Neutral
Show more ↓

Ethereum Classic price today is $?19.87 with a 24-hour trading volume of $?297.12M, market cap of $?2.93B, and market dominance of 0.14%. The ETC price increased 1.31% in the last 24 hours.

Ethereum Classic reached its highest price on May 6, 2021 when it was trading at its all-time high of $?165.75, while Ethereum Classic's lowest price was recorded on Jul 25, 2016 when it was trading at its all-time low of $?0.452446. The lowest price since it's ATH was $?12.63 (cycle low). The highest ETC price since the last cycle low was $?45.11 (cycle high). The Ethereum Classic price prediction sentiment is currently neutral, while Fear & Greed Index is showing 34 (Fear).

Ethereum Classic's current circulating supply is 147.26M ETC out of max supply of 210.70M ETC. The current yearly supply inflation rate is 3.30% meaning 4.71M ETC were created in the last year. In terms of market cap, Ethereum Classic is currently ranked #7 in the Proof-of-Work Coins sector and ranked #19 in the Layer 1 sector.

Highlights

  • Price has increased by 23% in the last 1 year
  • Has liquidity based on its market cap
  • Trading on KuCoin

Risk Analysis

  • Outperformed by 65% of the in 1 year
  • Outperformed by and
  • Only in the last 30 days (27%)
  • Down -88% from all-time high
  • Yearly inflation rate is
See All Risk Checks

Ethereum Classic Performance

Change1H24H7D1M3M6MYTD1Y3Y5YALL
Ethereum ClassicUS Dollar ETC/USD -0.36%1.31%5.61%-16.34%-37.71%-24.11%-11.17%23.10%-70.70%171.04%2,584%
Ethereum ClassicBitcoin ETC/BTC 0.25%2.05%1.63%-8.62%-29.28%-35.56%-37.61%-46.36%-76.07%-54.86%-71.04%
Ethereum ClassicEthereum ETC/ETH 0.18%0.72%4.13%8.96%-12.26%-13.64%-22.63%-22.51%-63.25%-80.62%-85.60%
Ethereum ClassicTether ETC/USDT -0.36%1.31%5.61%-16.34%-37.71%-24.11%-11.17%23.10%-70.70%171.04%2,584%

Ethereum Classic price in US Dollar has decreased by -16.34% in the last 1 month. ETC is up 8.96% against Ethereum and down -8.62% against Bitcoin in the last 1 month.

Ethereum Classic Quarterly Returns

YearQ1Q2Q3Q4Total
2016----35.19%12.54%52.14%
2017100.12%568.94%-31.94%113.12%1,842%
2018-46.63%9.88%-29.57%-55.44%-81.60%
2019-2.17%57.86%-39.59%-4.47%-10.89%
20209.78%15.96%-5.65%4.95%26.06%
2021148.58%308.77%-18.64%-27.32%500.82%
202239.18%-68.40%85.09%-43.44%-53.96%
202332.27%2.54%-23.29%34.85%40.32%
202455.51%-30.83%------
Average 42.08%108.09%-3.55%4.35%289.32%

The top-performing year for Ethereum Classic was 2017 when the price of ETC increased by 1,841.65% from $?1.41312 to $?27.44. The worst performing year for Ethereum Classic was 2018 when the price dropped by -81.60% from $?27.44 to $?5.05. The average yearly growth of Ethereum Classic over the last 9 years is 289.32% per year. Usually, Ethereum Classic performs best in Q2 with an average of 108.09% gain and worst in Q3 with -3.55% loss.

Ethereum Classic Price Closing History by Level

PriceDays Above% of Ethereum Classic's Life
$?165.75 ATH--
$?160.0000.00%
$?150.0000.00%
$?140.0000.00%
$?130.0010.03%
$?120.0030.10%
$?19.87 Price Now103134.94%
$?19.00111837.89%
$?18.00124042.02%
$?17.00131144.43%
$?16.00140747.68%
$?15.00154452.32%

The table above shows the number of days which Ethereum Classic closed above a certain price level.

Ethereum Classic Price & ROI on this Date

DatePriceROI
Aug 23, 2024 Today$?19.87-
Aug 23, 2023$?15.5228.05%
Aug 23, 2022$?34.05-41.65%
Aug 23, 2021$?67.41-70.52%
Aug 23, 2020$?6.78193.22%
Aug 23, 2019$?7.23174.99%
Aug 23, 2018$?12.2961.63%
Aug 23, 2017$?14.3938.07%
Aug 23, 2016$?1.66841,090.97%

The table above shows the price and ROI of Ethereum Classic today and previous years on the same date (Aug 23).

ETC Exchanges

Ethereum Classic is being traded on 84 cryptocurrency exchanges, including Binance and KuCoin. $?297.12M worth of Ethereum Classic changed hands in the last 24 hours. If you wish to purchase ETC, check our guide on how to buy Ethereum Classic in 6 steps.

ExchangePrice Volume Action
Binance$?19.87$?9.33M$?19.87$?9.33M Trade Now
KuCoin$?19.85$?252,827$?19.85$?252,827 Trade Now
Kraken$?19.87$?188,837$?19.87$?188,837 Trade Now
Bybit$?19.86$?666,276$?19.86$?666,276 Trade Now
OKX$?19.87$?2.23M$?19.87$?2.23M Trade Now
gate.io$?19.86$?3.11M$?19.86$?3.11M Trade Now
Binance Futures$?19.86$?44.26M$?19.86$?44.26M Trade Now
MEXC$?19.88$?94,011$?19.88$?94,011 Trade Now
UPbit$?20.13$?4.99M$?20.13$?4.99M Trade Now
Coinbase$?19.84$?715,668$?19.84$?715,668 Trade Now

About Ethereum Classic

Ethereum Classic is one of the two crypto assets that emerged after a hard fork of the Ethereum network in 2016. Before the fork, there were strong disagreements within the Ethereum community on how to respond to the infamous DAO hack, in which a hacker exploited a vulnerability in the DAO's smart contract system, resulting in more than $50 million worth of ETH becoming inaccessible.

One part of the Ethereum community advocated for a hard fork in which the damage done by the DAO hacker would effectively be rolled back and erased from the blockchain's history. This part of the Ethereum community backed the Ethereum chain as we know it today, with ETH as its native asset.

The other part of the Ethereum community maintained that immutability was a crucial aspect of blockchains, even though it might sometimes lead to undesirable outcomes. This camp opposed the idea of a hard fork being used to essentially alter the history of what happened on the Ethereum blockchain. This part of the Ethereum community supported the side of the hard fork that is known today as Ethereum Classic, with ETC as its native asset. The consequences of the DAO hack are still present on the Ethereum Classic blockchain. 

Key Ethereum Classic features:

  • The Ethereum Classic name was started being used in 2016 after the Ethereum community split in two opposing camps
  • Maintains the continuity of the Ethereum blockchain
  • Uses Proof-of-Work to secure the ledger of transactions and there's currently no plans to transition to Proof-of-Stake
  • Unlike with ETH, the total supply of ETC is capped

What is Ethereum Classic and how does it work?

Ethereum Classic is basically a decentralized, blockchain-based platform that runs smart contracts. As a smart contract platform, it hosts and supports decentralized applications (DApps), which are 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.

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.

Ethereum Classic allows blockchain developers to create and deploy decentralized applications (DApps) 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.

As a blockchain network, Ethereum Classic relies on a Proof-of-Work consensus mechanism. This means that users around the world provide computational power to validate transactions and ensure the security of the network. In return, miners get ETC, which is the valuable native currency of the network. Users can transact with ETC, using it for all kinds of transactions and also exchanging it for other digital assets and fiat currencies.

Ethereum Classic (ETC) price history

It is common knowledge that cryptocurrencies are volatile. This implies that their prices fluctuate from time to time. ETC is no exception to this rule, and it is important to understand how the Ethereum Classic price has moved in the past.

ETC is a relatively popular digital coin. It has been on the market since 2016 and is available across several cryptocurrency exchanges and platforms, including the top ones. In spite of its close ties with ETH, ETC’s price doesn’t necessarily show a lot of correlation with the price of ETH. Rather, the general crypto market conditions and specific events within the Ethereum Classic ecosystem influence the price.

To keep this section comprehensible, we will highlight critical milestones in the ETC price history since it began trading on official exchanges:

  • ETC was launched at the end of June 2016, and as of 24th July 2016, its price was $0.752354
  • The price of ETC reached an all-time low price of $0.615038 on 25th July 2016
  • ETC/USDT reached the $1 mark for the first time in July 2016
  • The ETC coin price reached the $10 mark for the first time in May 2017
  • Ethereum Classic crypto price reached the $50 mark for the first time in April 2021
  • ETC value reached the $100 mark for the first time in May 2021
  • ETC reached its all-time high (ATH) price of $176.16 on 6th May 2021

Just as ETC’s price fluctuates from time to time, its market capitalization fluctuates in the same manner. You can view a detailed ETC price chart and the Ethereum Classic price today on CoinCodex.

Ethereum Classic (ETC) supply

The ETC max supply is set at 210,700,000 coins. New ETC coins enter circulation through Ethereum Classic mining. It’s important to note that even though Ethereum (ETH) will move to Proof-of-Stake, the Ethereum Classic (ETC) project is committed to Proof-of-Work.

The circulating supply of Ethereum Classic increases gradually as new coins are released to reward miners. However, this will no longer be the case after all the available ETC is mined.

The Ethereum classic supply was hard capped via the Gotham hard fork upgrade on 11th December 2017. The move added a Bitcoin-inspired deflationary emission schedule to the coin’s supply. Also known as 5M20, this deflationary schedule decreases the block reward by 20% every 5,000,000 blocks. This aspect of ETC tokenomics was meant to boost the coin’s long-term sustainability to a great level.

The most important Ethereum Classic milestones

Ever since it emerged from the original project, the Ethereum Classic cryptocurrency has seen important developments. A lot has happened in terms of upgrades, technical changes, and monetary policies.

Here’s a summary of the most important milestones and events connected to the Ethereum Classic project:

  • July 20, 2016 – The DAO “bailout” leads to a new forked chain of Ethereum with many predicting that the original non-forked chain will disappear within hours. The market participants renames and rebrands the original non-forked chain, and Ethereum Classic was born
  • July 23, 2016 – Poloniex lists ETC as a tradable digital coin and many other cryptocurrency exchanges follow suit
  • March 1, 2017 – Ethereum Classic reaches a consensus to cap the maximum supply of ETC at 210,700,000, adopting a Bitcoin-inspired emission schedule to control inflation
  • May 29, 2018 – ETC successfully disables the difficulty bomb, which was supposed to force Ethereum’s transition to PoS. This signaled Ethereum Classic’s long-term commitment to PoW.
  • June 1, 2018 – Ethereum Classic Labs launches an office space in San Francisco with a mandate to provide funding and industrial connections
  • January 8, 2019 – The first 51% attack happens and ETC starts to tighten monitoring
  • November 28, 2020 – ETC implements the Thanos upgrade, adjusting the mining algorithm from ETHash to ETCHash
  • July 23, 2021 – ETC core developers implement ETH's Berlin protocol upgrade to maintain operational parity with the sister chain
  • April 11, 2022 – The Ethereum Classic DAO is formed to steer the network’s development through an open-source development fund

Ethereum Classic vs. Ethereum

While Ethereum Classic (ETC) is undoubtedly the original blockchain, Ethereum (ETH) is considered the most legitimate. The original founders and a majority of network participants voted and proceeded to create the hard fork, and the many successes of Ethereum (ETH) justify the move. The 51% attacks that have affected the Ethereum Classic crypto in the past have also contributed towards ETC’s second fiddle status. 

Over the years, ETH has grown to become the biggest smart contract platform while ETC has struggled to keep pace. Nevertheless, the ETC crypto could still have value as a speculative digital asset, and could gain more utility if a larger number of projects decides to build on top of the Ethereum Classic platform. 

FAQ

What is Ethereum Classic?

Ethereum Classic is the legacy version of Ethereum. 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.

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.

Both versions of the blockchain are built around the idea of smart contracts. A smart contract is a type of legal agreement between parties that can be created and executed automatically using the blockchain, while the strong encryption of the network ensures that the agreement is not modified or tampered with. Many cryptocurrency tokens and decentralized applications are based on the Ethereum blockchain network.

This means that Ethereum and Ethereum Classic are both cryptocurrency tokens, decentralized networks, and an underlying technology for developing decentralized applications. Most decentralized applications are built on the Ethereum blockchain, and Ethereum Classic has the same capabilities.

Who created Ethereum Classic?

Ethereum was originally created by Vitalik Buterin and Gavin Wood.

Buterin is a computer programmer and writer who got involved with the world of cryptocurrency at a very early stage. 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.

Gavin Wood was a research scientist at Microsoft as well as a holder of a master’s degree and a doctorate in computer science. Early in his career, he worked on embedded programming languages, lighting software, programming language workbenches, and smart contract editors for legal documents.

How was Ethereum Classic created?

Mutual interest in cryptocurrencies brought Buterin and Wood together and eventually, they began to design the original concept of the Ethereum blockchain. The idea was a decentralized network for mining cryptocurrency and a software development platform for decentralized applications that worked through smart contracts.

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.

Due to this attack, a new branch or fork of the software was developed in order to patch the security holes and return the stolen funds to the victims of the attack. This new branch is still at the foundation of what is called Ethereum today, and the old branch is known as Ethereum Classic.

Why is Ethereum Classic important?

Ethereum Classic represents the legacy of the original Ethereum token. It has solid intrinsic value, however, its security vulnerabilities make it a very volatile asset. At first, it may seem pointless that a token with such an obvious drawback and a track record of security issues should even be on the market.

However, it is this instability that makes Ethereum Classic useful as a trading asset. The price can be highly unstable, which makes its market movements very unpredictable. Cryptocurrency investors can capitalize on rapid upward or downward price movements by opening directional tradingl positions.

The security incidents surrounding ETC can also lead to a halt on withdrawals and deposits of the token on major exchanges. This creates major price differences between exchanges, opening market-neutral opportunities for arbitrage between exchanges. In short, ETC can be moved between exchanges and bought and sold at different prices due to the instability surrounding major security events.

Which services are tied to Ethereum Classic?

Ethereum Classic is available through the most popular cryptocurrency exchanges and through lesser-known cryptocurrency exchanges as well. The token is widespread and widely available in the cryptocurrency industry. However, withdrawals and deposits of ETC are sometimes frozen due to security incidents surrounding the token.

After the 2016 split from the main Ethereum blockchain, ETC was largely separated from the space of decentralized finance applications that are tied to the Ethereum blockchain.

However, the developers of ETC have announced plans to open the token up to decentralized finance applications through a platform called Wrapped ETC or WETC. WETC is a token built on the ChainBridge network that allows for the development of the DeFi applications.

How does Ethereum Classic work?

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

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.

Smart contracts can be enforced through the decentralized network, so a third party does not need to be actively enforcing the contract. Typically, it is the legal framework of governments that uphold the agreements in a legal contract, but Ethereum uses the code of the blockchain itself in order to uphold the terms of the contract.

How is Ethereum Classic used?

For the most part, Ethereum Classic is used as a speculative investment. It has its uses in the decentralized space, but it has also been at the center of security scandals and major hacks. For this reason, there is hesitance to build large applications with important financial data on the Ethereum Classic blockchain.

As a speculative investment, Ethereum Classic is highly volatile. Its connection to Ethereum, the second biggest crypto after Bitcoin, gives it a serious presence in the marketplace. The various security incidents connected to its legacy software have caused rapid price movements and opportunities for market arbitrage between exchanges.

For a price speculator or a high-frequency trader, volatility is key. They can make a profit whether the price moves up or down. Ethereum Classic’s popularity and surrounding controversy mean that it is often undergoing very volatile price movements, which can present good buying opportunities.

What is the controversy behind the Ethereum Classic attacks?

A flaw in Ethereum Classic’s code makes it very vulnerable to a specially engineered type of blockchain network attack called a 51% attack.

A 51% attack is a way to compromise the control of token production by controlling 51% or more of mining activity through a single node or group of nodes. In the legacy version of Ethereum, attackers have been able to gain control of 51% of Ethereum network mining activity and steal large amounts of tokens.

In each attack, millions of dollars worth of Ethereum Classic tokens have been stolen. Attackers can “double spend”, essentially sending two transactions at the same time and doubling their tokens at no cost. In August and September of 2020, Ethereum Classic suffered three consecutive 51% attacks.

These attacks are what caused a hard fork of the Ethereum network and the creation of Ethereum Classic. In order to secure the network from such attacks, a new version of the Ethereum blockchain was developed. The old version persisted and is known today as Ethereum Classic.

These attacks have been used as an argument by Ethereum’s original founders as a demonstration of the superiority of Proof-of-Stake systems over Proof-of-Work systems like Ethereum Classic and Bitcoin.

Why is Ethereum Classic valuable?

Ethereum Classic’s market value is rooted in its connection to the original version of the second-largest cryptocurrency on the market, its capabilities in handling smart contracts and decentralized applications, and its overall ubiquity on major cryptocurrency exchanges. Despite the scandals surrounding repeated network attacks, the token still persists as a popular financial instrument. In fact, the scandal surrounding these attacks may have attracted new investors that search for volatile price changes.

In short, Ethereum Classic is valuable mostly due to its popularity and well-known history. It is still connected to the “brand” of Ethereum which is highly respected and heavily invested in by major players in the new and traditional financial industries. It is already established as a popular token, so it is still valued at a considerable price.

How is Ethereum Classic used as a development platform?

As a development platform, Ethereum Classic is still emerging as a network for developers of decentralized finance applications.

The token is touted first and foremost as a development platform for decentralized applications, but startups and businesses may be hesitant to put their capital into a network that is notorious for security incidents.

Developers can use the network to create and execute smart contracts in the same way as on the main Ethereum network. However, while the record of security incidents may attract speculators who seek to capitalize on volatility, it also has the effect of scaring away new developers.

As the network recovers from the scandal surrounding the attacks, it may attract new software developers to create applications on its network. There are projects being actively developed on Ethereum Classic.

Who is able to use Ethereum Classic?

Anyone with access to major cryptocurrency exchanges can purchase, store, and exchange Ethereum Classic tokens under the ticker symbol, ETC. It is available on the largest and most popular cryptocurrency exchanges, and it is also available on some of the more obscure exchanges.

Developers who wish to work with the Ethereum Classic blockchain can access developer tools through the Ethereum Classic website. There are ongoing development projects surrounding the Ethereum Classic blockchain and efforts to develop financial applications on the platform.

How is Ethereum Classic used by cryptocurrency traders?

Ethereum Classic is traded primarily in two ways: Speculation and arbitrage.

Speculation is the most common method of trading cryptocurrency. It involves buying or selling the token in hopes that it will increase or decrease in price, creating an opportunity to reverse the transaction and profit. This is also called directional trading.

Ethereum Classic is also a popular token for a market-neutral type of strategy called arbitrage. This type of trading does not require waiting for price changes or risks associated with speculation. Due to frequent security incidents, prices on Ethereum Classic can change rapidly between exchanges.

Exchanges will halt deposits and withdrawals of the tokens during security incidents, and traders can buy and sell the token on different exchanges at different prices. This is a way to make a profit from trading Ethereum Classic without taking the risk of speculation.

Is Ethereum Classic a good investment?

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.

Ethereum Classic can be a solid short-term investment in the wake of network attacks. It can be sold short in the midst of network attacks in order to profit from price falls, and it can be bought long as the price recovers and the attackers sell their gains.

Is Ethereum Classic legal?

Yes, Ethereum Classic is legal to purchase and own anywhere where cryptocurrency is legal. Popular exchanges will automatically detect your location and adjust their availability according to your region’s financial regulations.

Before buying or selling any cryptocurrency, it’s important to check financial regulations in your area surrounding the use of cryptocurrency. There are no special regulations specifically prohibiting Ethereum Classic.

Ethereum Classic News

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ETC
Ethereum Classic
$?19.87
1.31% Last 24h
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