Ethereum Classic Crypto
ETC Crypto | USD 32.50 0.42 1.28% |
Performance17 of 100
| Risk Of DevaluationLess than 20
|
Ethereum Classic is trading at 32.50 as of the 28th of November 2024, a 1.28 percent decrease since the beginning of the trading day. Ethereum Classic has about a 20 % chance of experiencing some form of financial distress in the next two years of operation and had a somewhat solid performance during the last 90 days. Cryptocurrency ratings for Ethereum Classic are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 30th of August 2024 and ending today, the 28th of November 2024. Click here to learn more.
Ethereum Classic is peer-to-peer digital currency powered by the Blockchain technology. Ethereum Crypto Coin refers to a decentralized open-source and blockchain-based distributed crypto currency platform running smart contracts. It was formed in 2016 following a hack on the network which resulted in the split of the original Ethereum blockchain. ETC is the original Ethereum, while Ethereum became the newer blockchain.
ETC uses the smart contracts contained in its distributed ledger or blockchain that offers decentralized governance. Smart contracts are self-executing autonomous digital applications capable of running as programmed. They are based on the principle of "Code is Law". A local example of smart contracts is the automated teller machines (ATM). More on Ethereum Classic
Moving together with Ethereum Crypto Coin
0.91 | BTC | Bitcoin | PairCorr |
0.91 | DOGE | Dogecoin | PairCorr |
0.96 | BCH | Bitcoin Cash | PairCorr |
0.95 | LTC | Litecoin | PairCorr |
0.93 | BSV | Bitcoin SV | PairCorr |
Moving against Ethereum Crypto Coin
Ethereum Classic is a digital token from an online market maker for p-2-p internet money denominated as Cryptocurrency. Ethereum Classic has been active in the last 3 months, and it is presently trading with a bearish sentiment. Cryptocurrencies such as Ethereum Classic are digital assets that allow for secure payments and are represented by ledger entries internal to the system, generally referred to as a blockchain. Blockchain implementations use encryption algorithms and cryptographic techniques that safeguard entries in the ledger. Cryptocurrency assets such as Ethereum Classic are becoming very popular among investors and have been praised for their portability, inflation resistance, and transparency. However, they face a lot of criticism, including lack of tax regulations, exchange rate volatility, and infrastructure vulnerabilities.
Ethereum Crypto Coin Highlights
Most cryptocurrency investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend or investor sentiment. Ethereum Classic's investment highlights are automatically generated signals that are significant enough to complement your investing judgment regarding Ethereum Classic or challenge it. These highlights can help you better understand the crypto position you are entering and avoid costly mistakes.
Business Concentration | Technology, Cryptocurrency, Blockchain (View all Sectors) |
Ethereum Classic is one of many evolving digital currencies in which encryption is used to regulate the generation of units of currency and verify the transactions independently of a central authority. It is traded on 20 exchanges in multiple currencies. 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. |
Algorithm | EtcHash |
Coin Type | Ethereum Classic |
Proof Type | PoW |
Industry | Blockchain-Specific Application |
FINMA | Payment,Utility |
FCA | Exchange,Utility |
Access | Permissionless |
Collateralized Asset | No |
Symbol | ETC |
Difficulty | 2,853.85 Trillion |
Rating | C+ |
Technology Adoption Rating | B- |
Market Performance Rating | D+ |
Name | ETC |
Sponsored | false |
Block Reward | 1.98656 |
Asset Whitepaper Url | View |
Block Time | 13.2916 |
Decimal Points | 18.0 |
Is Trading | true |
Algorithm Type | keccak 256 |
Net Hashes Per Second | 142.58 Trillion |
Asset Launch Date | 2016-07-20 |
Full Name | Ethereum Classic (ETC) |
Asset Website Url | http://www.ethereumclassic.org |
Block Number | 21.16 Million |
Platform Type | blockchain |
Coin Name | Ethereum Classic |
Total Coins Mined | 149.72 Million |
Ethereum Classic (ETC) is traded on CRYPTO Exchanges. Ethereum Classic is peer-to-peer digital currency powered by the Blockchain technology. The coin currently falls under 'Small-Cap' category with a current market capitalization of 675.9 M. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Ethereum Classic's market, we take the total number of its shares issued and multiply it by Ethereum Classic's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities.
Ethereum Classic's Exchanges and Markets
HitBTC CoinJar Bitfinex Yobit Coinbase Kraken Poloniex BitMart Binance Korbit DigiFinex Exmo Coincheck Coinone Bithumb BTCMarkets Bibox CoinEx LBank BigONEEthereum Classic Risk Profiles
Mean Deviation | 2.72 | |||
Semi Deviation | 2.58 | |||
Standard Deviation | 3.79 | |||
Variance | 14.33 |
Ethereum Classic Technical Analysis
When it comes to investing in cryptocurrency, such as Ethereum Classic, the assumption holds that everything in the market that could affect the price of crypto is already reflected. Therefore, the price of Ethereum Classic, which is currently traded at 32.5, shows everything you need to know about Ethereum Classic market value. You don't have to consider the fundamental factors that affect a crypto asset, such as Ethereum, to determine its price movements. However, the Ethereum Classic's price action will always exhibit trends, even in random market movements, regardless of the timeframe you use - so Ethereum Classic's future price movement is more likely to follow an established trend and the cryptocurrency technical analysis is one of the ways to project Ethereum Classic's future price trendTransformation |
The output start index for this execution was zero with a total number of output elements of sixty-one. Ethereum Classic Inverse Tangent Over Price Movement function is an inverse trigonometric method to describe Ethereum Classic price patterns.
Ethereum Classic Against Markets
Be your own crypto manager
Our tools can tell you how much better you can do entering a position in Ethereum Classic without increasing your portfolio risk or giving up the expected return. As an individual cryptocurrency investor, you need to find a reliable way to track the performance of all your tokens in a consistent way. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall cryptocurrency portfolio.Did you try this?
Run Bonds Directory Now
Bonds DirectoryFind actively traded corporate debentures issued by US companies |
All Next | Launch Module |
How to invest in Ethereum Classic
You need to understand the risk of getting into digital currencies such as ETC before investing. The dangers of trading cryptocurrencies are mainly related to their volatility. They are high-risk, speculative, susceptible to errors and hacking, mostly unregulated, and can be affected by forks or other discontinuation events. As an investor, you must understand these perils before you start trading. You can get a long position in Ethereum Classic in four ways:Buy ETC through an exchange
Get yourself a crypto wallet before embarking on your Ethereum Classic journey. Crypto wallets exist as desktop applications, mobile apps, or websites, allowing you to secure your tokens or digital coins. Your crypto wallet stores the private keys to your tokens on the blockchain. Once you have a wallet, visit a reputable exchange and sign up for an account. You will need to complete the KYC process to be allowed to purchase Ethereum Classic. But before you can buy the tokens, you have to provide a photo of your ID and proof of address, as well as a selfie. The platform will also require you to secure your account with 2FA before you can fund your account and buy the digital coins.Purchase fractions of Ethereum Classic through an exchange
You don't have to buy a full token when starting out since ETC is divisible by several decimal places. This allows you to purchase tiny fractions worth cents, but because of network fees, most platforms have a minimum figure, such as $10. You can then build your portfolio with time as you gain more confidence and learn the ropes of crypto trading.Trade Ethereum Classic through a broker
If you don't want to store your Ethereum Crypto Coin yourself for one reason or another, you can still trade through a broker. Brokers hold your tokens and trade frequently to generate profits. In addition, many brokerage platforms offer derivative products, such as contracts for difference, that enable you to speculate on price movements. Such products also allow brokers to accommodate leverage trading, potentially multiplying your profits.Invest in ETC through an exchange-traded fund (ETF)
You can also invest in ETC through an exchange-traded fund (ETF). This instrument helps track an asset or select assets. You can buy and sell them on stock exchanges, making them the best option for an average investor. Some ETFs may comprise several coins to spread risk across a portfolio. Such ETFs are created and controlled by picking a basket with several coins, while favoring those that have performed well in the recent past.Investing Ideas
In addition to having Ethereum Classic in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Thematic Opportunities
Explore Investment Opportunities
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Ethereum Classic. Also, note that the market value of any cryptocurrency could be closely tied with the direction of predictive economic indicators such as signals in board of governors. You can also try the Portfolio Rebalancing module to analyze risk-adjusted returns against different time horizons to find asset-allocation targets.