Ethereum Classic (ETC) Achieves Market Cap of $2.90 Billion

Ethereum Classic (ETC) traded 0.1% lower against the US dollar during the 24-hour period ending at 21:00 PM E.T. on October 16th. Ethereum Classic has a total market capitalization of $2.90 billion and $101.51 million worth of Ethereum Classic was traded on exchanges in the last 24 hours. Over the last week, Ethereum Classic has traded up 6.9% against the US dollar. One Ethereum Classic coin can now be purchased for approximately $19.46 or 0.00028859 BTC on exchanges.

Here’s how other cryptocurrencies have performed over the last 24 hours:

• Bitcoin (BTC) traded 0.2% higher against the dollar and now trades at $67,426.43 or 1.00000000 BTC.
• Dogecoin (DOGE) traded up 6.2% against the dollar and now trades at $0.12 or 0.00000184 BTC.
• Bitcoin Cash (BCH) traded 3.3% higher against the dollar and now trades at $368.11 or 0.00545849 BTC.
• UNUS SED LEO (LEO) traded 0.1% lower against the dollar and now trades at $6.10 or 0.00009042 BTC.
• Litecoin (LTC) traded 2.4% lower against the dollar and now trades at $70.46 or 0.00104474 BTC.
• Monero (XMR) traded 2.3% higher against the dollar and now trades at $158.09 or 0.00234428 BTC.
• Arweave (AR) traded down 4% against the dollar and now trades at $18.95 or 0.00028103 BTC.
• Bitcoin SV (BSV) traded down 0.2% against the dollar and now trades at $50.70 or 0.00075174 BTC.
• NyanCoin (NYAN) traded down 2.2% against the dollar and now trades at $2.40 or 0.00008809 BTC.
• Conflux (CFX) traded 2.7% lower against the dollar and now trades at $0.17 or 0.00000245 BTC.

About Ethereum Classic

Ethereum Classic is a proof-of-work (PoW) coin that uses the EtcHash hashing algorithm. It launched on July 30th, 2015. Ethereum Classic’s total supply is 210,700,000 coins and its circulating supply is 149,167,130 coins. The official message board for Ethereum Classic is ethereumclassic.org/news. The Reddit community for Ethereum Classic is https://reddit.com/r/ethereumclassic and the currency’s Github account can be viewed here. Ethereum Classic’s official website is ethereumclassic.org. Ethereum Classic’s official Twitter account is @eth_classic and its Facebook page is accessible 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.”

Ethereum Classic Coin Trading

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

ETC/USD price chart by TradingView