Ethereum Classic

Ethereum Classic PriceETC

$9.438041
$0.734769+8.44%

Last updated:--

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Ethereum Classic Price Today

Current ETC/USD real-time price is $9.438041, with a 24-hour change rate of +8.44% and a 7-day change rate of +26.70%. ETC currently ranks #56 globally by market cap, with a total market cap of $1.382508B, a fully diluted valuation (FDV) of $1.840558B, and a 24-hour trading volume of $221.99237M. In terms of supply, ETC has a maximum supply of 210.7M, a current circulating supply of 158.26M, with 75.11% already in circulation and 24.89% remaining to be unlocked.

About Ethereum Classic

What is Ethereum Classic?

Ethereum Classic is a cryptocurrency similar to Bitcoin. Don't confuse it with Ethereum, the cryptocurrency. Ethereum Classic operates independently. Ethereum Classic operates using the blockchain and consensus rules that originally managed Ethereum. Although Ethereum Classic is one of the top cryptocurrencies by market value, its market value is far less than that of Ethereum. Read on to learn how Ethereum Classic works, how it differs from Ethereum, and whether it will be a good complement to your cryptocurrency portfolio. Ethereum Classic, like every cryptocurrency, may or may not be suitable for you.

Ethereum Classic (ETC), a cryptocurrency, was launched in 2016 as a hard fork of Ethereum (ETH) – a permanent division. The Ethereum Classic blockchain, like the Ethereum network, can support smart contracts and decentralized applications, and maintains its own Ethereum Classic token.

Ethereum Classic diverged from Ethereum to deal with a major hacking incident, which is rare for cryptocurrency blockchain, but it is not impossible. The hacker attack resulted in the loss of 3.6 million Ethereum tokens. The Ethereum master blockchain responded by updating the blockchain to delete incorrect transactions. Many people in the original Ethereum community disagreed with this practice, which led to the bifurcation. Ethereum Classic was created using an unmodified Ethereum ledger, which contains transactions from hackers.

Features of Ethereum Classic

The reason why Ethereum Classic is different is that it maintains the original Ethereum blockchain. The Ethereum Classic blockchain uses the proof of work protocol to verify transactions, which requires a lot of computing resources to mine ETC. Although both Ethereum Classic and Ethereum currently use the proof of work method, Ethereum also uses a different consensus mechanism called proof of stake (and is gradually transitioning to using only this protocol).

Mining Ethereum Classic

The process of mining Ethereum Classic is the same as that of other cryptocurrencies. Computer networks operated by cryptocurrency miners compete with each other to verify blocks of Ethereum Classic transactions and forge new ETC.

Ethereum Classic miners are rewarded with Ethereum Classic currency payments. These rewards are generated in the form of transaction fees and network fees, which are collected from users of Ethereum Classic transactions or those using the Ethereum Classic blockchain.

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 $9.438041, with a total market cap of $1.382508B, a 24-hour trading volume of $221.99237M, and a circulating supply of 158.26M. 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 $176.157692 on 2021-05-06 18:35, and reached its all-time low (ATL) of $0.452446 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 a credit card, quick buy option, 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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