Ethereum Classic (ETC) is a cryptocurrency that originated in 2016 following a hard fork from Ethereum. As of today, ETC's price stands at $17.09 USD**, with a 24-hour trading volume of **$393,117,112. The coin opened at $15.98 and has since gained **6.89%**, though it faces resistance at the $17.09 level.
Key Price Metrics:
- 30-day performance: Down -8.45% from its peak but up 17.65% from its lowest point.
- All-time high: $129.73 (currently -86.83% below this level).
- 52-week range: $12.86 to $39.87 per coin.
Critical Price Levels to Watch
Resistance Levels:
- $19.53: First major resistance (potential breakout target).
- $21.35: Secondary resistance if upward momentum continues.
- $24.12: Long-term resistance level.
Support Levels:
- $16.46: Crucial short-term support. A drop below this could signal further declines.
- $14.95: Next support level if bearish pressure intensifies.
👉 Explore real-time ETC price charts
Market Position and Adoption
- Rank: #39 by market cap ($2.57 billion).
- Circulating supply: 150,239,230 ETC (71.3% of max supply: 210,700,000).
- Exchanges: Traded on 62 platforms.
- Algorithm: Proof of Work (Ethash) — mineable with new coins generated per block.
Comparative Analysis:
- 2016-launched coins: ETC’s average trading volume ($393M) far exceeds the peer median ($5.28M).
Categories:
1 in Software.
17 among Layer 1 (L1) blockchains.
6 in Smart Contract Platforms and Mineable Coins.
Fully Diluted Valuation (FDV)
FDV projects potential market cap if all max-supply coins were circulating (current price × max supply). Multipliers (e.g., 2×, 10×) illustrate hypothetical scenarios for ETC’s growth relative to other assets.
FAQ Section
Q: What caused Ethereum Classic’s creation?
A: It resulted from a 2016 hard fork to reverse the DAO hack, with ETC preserving the original Ethereum chain.
Q: Is Ethereum Classic a good investment?
A: While ETC has niche appeal (POW purists, immutability advocates), its performance depends on broader crypto trends and adoption.
Q: How does ETC differ from Ethereum?
A: ETC retains Proof of Work (vs. ETH’s POS), lacks formal dev support, and emphasizes "code is law."
👉 Learn more about Ethereum Classic’s technology
Note: All data reflects real-time metrics. DYOR before trading.
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