Ethereum Classic (ETC) Market Capitalization Tops $4.94 Billion

Ethereum Classic (ETC) traded 0.5% lower against the US dollar during the 1 day period ending at 10:00 AM ET on December 16th. Ethereum Classic has a total market capitalization of $4.94 billion and $507.31 million worth of Ethereum Classic was traded on exchanges in the last 24 hours. Over the last week, Ethereum Classic has traded 6.4% lower against the US dollar. One Ethereum Classic coin can now be bought for approximately $32.95 or 0.00031143 BTC on major cryptocurrency exchanges.

Here is how similar cryptocurrencies have performed over the last 24 hours:

• Bitcoin (BTC) traded 3.2% higher against the dollar and now trades at $105,789.03 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 0.6% lower against the dollar and now trades at $0.40 or 0.00000378 BTC.
• Bitcoin Cash (BCH) traded 1.3% lower against the dollar and now trades at $534.89 or 0.00505617 BTC.
• Litecoin (LTC) traded 1.9% lower against the dollar and now trades at $117.64 or 0.00111206 BTC.
• UNUS SED LEO (LEO) traded up 2.5% against the dollar and now trades at $9.58 or 0.00009057 BTC.
• Monero (XMR) traded down 2.8% against the dollar and now trades at $211.31 or 0.00199749 BTC.
• Arweave (AR) traded down 3.4% against the dollar and now trades at $21.68 or 0.00020494 BTC.
• IOTA (MIOTA) traded 4.7% lower against the dollar and now trades at $0.38 or 0.00000358 BTC.
• Bitcoin SV (BSV) traded down 1.5% against the dollar and now trades at $65.65 or 0.00062057 BTC.
• Conflux (CFX) traded 2.9% lower against the dollar and now trades at $0.20 or 0.00000193 BTC.

Ethereum Classic Profile

Ethereum Classic (ETC) is a proof-of-work (PoW) coin that uses the EtcHash hashing algorithm. Its launch date was July 30th, 2015. Ethereum Classic’s total supply is 210,700,000 coins and its circulating supply is 149,967,987 coins. Ethereum Classic’s official message board is ethereumclassic.org/news. Ethereum Classic’s official website is ethereumclassic.org. Ethereum Classic’s official Twitter account is @eth_classic and its Facebook page is accessible here. The Reddit community for Ethereum Classic is https://reddit.com/r/ethereumclassic and the currency’s Github account can be viewed here.

According to CryptoCompare, “Ethereum Classic (ETC) is a decentralized, open-source blockchain platform that uses proof-of-work consensus to execute and store smart contracts and dApps. It was created in July 2016 by a group of developers and users who opposed the Ethereum Foundation’s decision to hard fork the Ethereum blockchain in response to the “DAO hack.” ETC is used for a variety of purposes, including creating dApps and issuing tokens, and has a strong focus on immutability and censorship-resistance. It is led by a team of developers and supported by a global community of users and organizations.”

Buying and Selling Ethereum Classic

It is usually not possible to buy alternative cryptocurrencies such as Ethereum Classic directly using U.S. dollars. Investors seeking to trade Ethereum Classic should first buy Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as GDAX, Coinbase or Gemini. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Ethereum Classic using one of the exchanges listed above.

ETC/USD price chart by TradingView