Ethereum Classic

Ethereum Classic PriceETC

C$12.995021
-C$0.558206-4.12%

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Ethereum Classic Price Today

Current ETC/CAD real-time price is C$12.995021, with a 24-hour change rate of -4.12% and a 7-day change rate of +4.92%. ETC currently ranks #54 globally by market cap, with a total market cap of C$2.147973B, a fully diluted valuation (FDV) of C$2.858895B, and a 24-hour trading volume of C07.784572M. In terms of supply, ETC has a maximum supply of 210.7M, a current circulating supply of 158.31M, with 75.13% already in circulation and 24.87% remaining to be unlocked.

About Ethereum Classic

What Is Ethereum Classic (ETC)?

Ethereum Classic (ETC) is an open-source, decentralized, blockchain-based distributed cryptocurrency platform that runs smart contracts. Ethereum Classic was established in 2016 after the decentralized autonomous organization (DAO), which used smart contracts operating on the Ethereum blockchain, was hacked. The original blockchain was split in two, with the majority of users choosing to reverse the hack and return the stolen funds. Ethereum Classic and Ethereum are rooted in the same code but have different technical and philosophical differences.

Ethereum Classic vs. Ethereum

One of the most significant differences between the two is that Ethereum Classic retained the proof-of-work mechanism and competitive reward system that Ethereum used prior to the merge. This means that ETC's tokens can be mined, whereas ETH's cannot.

Another difference is that there is no limit on the number of Ethereum tokens that can be issued. In contrast, Ethereum Classic has a limit of 210.7 million coins that will ever be introduced. Every five million blocks, the Ethereum Classic blockchain undergoes a halving. This event is similar to Bitcoin's halving, where the block rewards are reduced by 20% every four years. The last halving occurred in June 2024, when the reward dropped to 2.048 ETC. This reduction in rewards is expected to continue every two years. Up to 95% of ETC is expected to be mined by 2059.

Future Outlook of Ethereum Classic

ETC's future looks less promising than Ethereum's, since Ethereum remains the more popular of the two networks.

The blockchain and cryptocurrency have failed to gain much traction in the market and have lost market share to other cryptocurrencies, notably Bitcoin. ETC continues to be traded on exchanges and mined by the crypto community. The blockchain and cryptocurrency still have a solid base of traders and fans.

Like Ethereum, ETC has a process for proposing improvements. Since its hard fork, it has undergone several upgrades, such as becoming compatible with Ethereum's latest changes. Despite this, demand for ETC remains strong, and it is possible that the blockchain and cryptocurrency will continue to compete in this area.

How to Buy Ethereum Classic?

The easiest way to buy ETC is through a crypto exchange. BTCC makes purchasing ETC easy and accessible whether you use fiat currency or crypto. Trusted by over 9.1 million investors across 100 countries, BTCC is dedicated to offering excellent crypto trading service for all trades. If you're ready to dive in and make your first ETC purchase, register with BTCC today.

How to Buy and Use Ethereum Classic

Purchase Guide

Buy in just 4 steps (Register → Verify → Deposit/Purchase → Receive Coins)

  1. 1Register AccountUse email or phone number to quickly complete BTCC registration in under 1 minute.
  2. 2Identity VerificationComplete basic KYC verification to protect your account and assets.
  3. 3Quick TradeSupports credit cards, online banking and other quick purchase methods.
  4. 4Receive CoinsEthereum Classic is instantly credited to your BTCC account, ready for trading at any time.

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Ethereum Classic FAQs

The Origins of ETC: The DAO Hack & Code is Law

Ethereum Classic (ETC) was born out of a historic split in the Ethereum community in 2016:
1. The DAO Hack: A smart contract vulnerability led to the theft of 3.6 million ETH. The community voted to hard fork and reverse the transactions, creating the new ETH chain.
2. The Code is Law Principle: Opponents who believed in blockchain immutability refused to alter the history, remaining on the original chain that continues today as Ethereum Classic (ETC).
3. Historical Value: ETC represents the original Ethereum blockchain, built on maximum decentralization and absolute censorship resistance.

ETC Halving (ECIP-1017): How Reduced Issuance Impacts Price

Ethereum Classic follows a deflationary tokenomics model similar to Bitcoin:
1. The ECIP-1017 Reduction: Every 5,000,000 blocks (roughly every 2.5 years), ETC's block reward decreases by 20%.
2. Capped Supply: This mechanism caps the maximum supply of ETC at approximately 210.7 million coins, ensuring long-term scarcity.
3. Price Impact: The gradual decrease in new supply reduces selling pressure from miners, acting as a long-term catalyst for ETC value.

PoW Consensus & 51% Attack Defense: ETC Network Security

PoW hash rate serves as the core foundation of ETC's network security:
1. Commitment to PoW: While Ethereum transitioned to Proof-of-Stake (PoS), ETC remained dedicated to Proof-of-Work (PoW), making it a leading PoW smart contract platform.
2. MESS Protection: To defend against 51% attacks, ETC implemented Modified Exponential Finality (MESS), making block reorganizations exponentially more expensive.
3. Hash Rate Migration: Following Ethereum's PoS transition, significant GPU mining power moved to ETC, noticeably bolstering overall network security.

ETC vs ETH: Differences in Mechanism, Ecosystem & Censorship

Though they share a common origin, Ethereum Classic (ETC) and Ethereum (ETH) have taken fundamentally different paths:

FeatureEthereum Classic (ETC)Ethereum (ETH)
Consensus MechanismProof-of-Work (PoW)Proof-of-Stake (PoS)
Core PhilosophyCode is Law (Immutable)Social Consensus & Rapid Innovation
Max SupplyCapped (~210.7 Million)Uncapped (Dynamic Supply)
EcosystemStore of Value & Base LayerExpansive DeFi, NFT & L2 Ecosystem

Summary: ETH prioritizes scalability and ecosystem growth, whereas ETC focuses on maximum decentralization, censorship resistance, and a fixed supply.

ETC Futures Trading Guide: Setting Up Take-Profit & Stop-Loss

Using Take-Profit (TP) and Stop-Loss (SL) orders is critical for risk management when trading ETC perpetual futures:
1. Stop-Loss (SL) Placement: Set your SL orders just beyond key support or resistance levels, or use a 2%–5% volatility buffer based on the ATR indicator to prevent liquidation.
2. Take-Profit (TP) Strategy: Implement partial profit-taking (e.g., closing 50% at your first target) and use trailing stops to lock in gains as the trend continues.
3. Position Sizing: Limit risk exposure to 1%–2% of your account balance per trade and avoid over-leveraging.

Ethereum Classic (ETC) Live Price, Market Cap & 24h Volume

According to the latest market data, Ethereum Classic (ETC) is currently trading at C$12.995021, with a total market cap of C$2.147973B, a 24-hour trading volume of C_24h07.784572M, and a circulating supply of 158.31M. You can track live charts and order book depth for ETC on BTCC.

What Factors Influence Ethereum Classic (ETC) Price Volatility?

ETC price action is driven primarily by key market dynamics:
1. BTC & ETH Correlation: As a major altcoin, ETC closely tracks broader crypto market trends and major moves in BTC and ETH.
2. Emission Reduction Events: The 20% block reward reduction every 5 million blocks frequently drives market anticipation of supply scarcity.
3. Hash Rate Trends: Increases in PoW hash rate signal stronger network security, boosting overall investor confidence.
4. Sector Rotation: Capital flows into Proof-of-Work assets often lead to periods of heightened volatility for ETC.

Ethereum Classic (ETC) All-Time High (ATH) and All-Time Low (ATL)

Historical market data shows that Ethereum Classic (ETC) hit its all-time high (ATH) of C$249.673581 on 2021-05-06 18:35, and reached its all-time low (ATL) of C$0.641265 on 2016-07-25 16:45. Analyzing these historical extremes helps futures traders identify critical long-term support and resistance zones.

ETC Futures Technical Analysis: Chart Patterns & Key Indicators

When trading ETC perpetual futures on BTCC, leverage these technical indicators to evaluate market trends:
1. Moving Averages (EMA 20/50): Monitor Golden Crosses (bullish) and Death Crosses (bearish) to confirm direction.
2. Relative Strength Index (RSI): An RSI above 70 signals overbought conditions (potential pullback), while an RSI below 30 indicates oversold territory (potential bounce).
3. Bollinger Bands: Tight contraction of the bands usually precedes a high-volatility breakout.
4. Volume Confirmation: Ensure price breakouts through key resistance levels are backed by rising volume to avoid fakeouts.

How to Profit from ETC Downtrends: Short Selling Guide

When ETC enters a bearish trend, you can capitalize on falling prices by opening a Short position on BTCC:
1. Open a Short Position: Select the ETC perpetual futures contract on BTCC, confirm the bearish trend, and click 'Sell / Short'.
2. Profit Mechanics: As the market price of ETC declines, the profitability of your short position increases.
3. Take Profit: Once price hits your target support zone, execute a buy order to close the position and secure profits.
4. Risk Control: Markets can reverse rapidly (Short Squeeze); always set a Stop-Loss (SL) order.

Can You Use High Leverage for ETC Futures Trading?

Yes, BTCC offers flexible leverage options from 2x up to over 50x for ETC perpetual futures trading:
1. Capital Efficiency: Leverage allows you to control larger position sizes with less initial margin, amplifying gains from small price movements.
2. Liquidation Risk: Leverage multiplies both gains and losses. Using high leverage during volatile market conditions significantly increases your liquidation risk.
3. Recommendation for Beginners: Start with lower leverage (2x–5x), maintain a healthy margin ratio, and strictly enforce stop-loss discipline.

How to Practice ETC Futures Trading with a Free Demo Account

BTCC provides a free demo trading account so you can test ETC futures strategies without risking real capital:
1. Switch to Demo Mode: Log in to your BTCC account and switch to 'Demo Trading' mode in the profile menu.
2. Receive Virtual Funds: Your account will automatically be credited with up to 100,000 USDT in virtual test funds.
3. Risk-Free Practice: Experience real-time market conditions by practicing Long/Short entries, adjusting leverage, and setting TP/SL levels.

How to Buy, Deposit & Trade Ethereum Classic (ETC) in 4 Steps

Get started with Ethereum Classic (ETC) trading on BTCC in just 4 simple steps:
1. Create an Account: Sign up on the BTCC website or app and complete basic identity verification (KYC).
2. Deposit Funds: Add funds using Interac e-Transfer, credit card, quick buy, P2P, or by transferring crypto (such as USDT) from an external wallet.
3. Internal Transfer: Transfer your funds with one click into your Futures or Spot account.
4. Start Trading: Search for the ETC trading pair, select your leverage and order size, set your TP/SL, and click 'Buy / Long' or 'Sell / Short'.

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