Ethereum classic current price

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The current market cap of Ethereum Classic is $3.19B. A high market capitalization implies that the asset is highly valued by the market. How much is 1 ethereum classic worth The cryptocurrency used by the Ethereum Classic ecosystem is specifically known as Ether. As the original version of Ethereum, for a large part, the ETC crypto network adheres to the initial protocol. However, since the hard fork, certain protocol changes were made regarding its tokenomics.

Ethereum classic coin price

Ethereum Classic, on the other hand, is a continuation of the original blockchain after a substantial number of miners decided not to go with the fork. They held to the principle that “code is law,” despite the hack. Exchanges supported both blockchains, allowing the Ethereum Classic legacy network to continue with ETC as its native coin. What is the point of Ethereum Classic? Cryptocurrency analysts are ready to announce their estimations of the Ethereum Classic’s price. The year 2032 will be determined by the maximum ETC price of $$749.18. However, its rate might drop to around $$640.79. So, the expected average trading price is $$662.94.

Ethereum Classic ETC Price $ 22.44

As a result of the incident with the DAO, 3.6 million ETH were stolen, which corresponds to $50 million at the rate at that time. Vitalik Buterin suggested a full rollback of the system and its restart, which would help to return the stolen funds. However, part of the community did not support his idea and decided to separate. On July 20, 2016, an Ethereum hard fork occurred, as a result of which a separate branch separated from the blockchain, which was called Ethereum Classic. Bitcoin Cash Price Prediction 2023, 2024, 2025: Is Bitcoin Cash The Best Investment for 2024? The Ethereum Classic price is $ 22.08. It has a maximum supply of $ 210,700,000 coins and a circulating supply of $ 143,202,120 coins

Ethereum classic value

The creation of Ethereum Classic sparked debate within Ethereum’s development community, as it was developed in reaction to a massive DAO hack of the main Ethereum network. The DAO raised $150 million in ETH as an Ethereum-based venture fund in an Initial Coin Offering (ICO) in April 2016. However, in June, an attacker exploited a bug in the DAO’s smart contracts and stole 3.6 million ETH. Share it with your friends Although the cryptocurrency has yet to spike to levels seen in Ethereum or other top altcoins, its trajectory is likely to mirror the popular ETH as upgrades and updates improve its interoperability. Ethereum 2.0’s eventual launch could also see many miners move to Ethereum Classic to boost its security and potentially its price.