Ethereum Classic Trading 4.8% Lower This Week (ETC)

Ethereum Classic (ETC) traded 2.4% lower against the US dollar during the 24-hour period ending at 7:00 AM E.T. on October 23rd. Ethereum Classic has a market cap of $2.80 billion and approximately $85.17 million worth of Ethereum Classic was traded on exchanges in the last 24 hours. One Ethereum Classic coin can now be purchased for about $18.74 or 0.00028184 BTC on major cryptocurrency exchanges. During the last seven days, Ethereum Classic has traded down 4.8% against the US dollar.

Here is how related cryptocurrencies have performed during the last 24 hours:

• Bitcoin (BTC) traded down 1.3% against the dollar and now trades at $66,497.95 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 4.1% lower against the dollar and now trades at $0.14 or 0.00000207 BTC.
• Bitcoin Cash (BCH) traded down 2.5% against the dollar and now trades at $351.80 or 0.00529122 BTC.
• UNUS SED LEO (LEO) traded 0.5% lower against the dollar and now trades at $6.06 or 0.00009120 BTC.
• Litecoin (LTC) traded 2.4% lower against the dollar and now trades at $68.77 or 0.00103427 BTC.
• Monero (XMR) traded down 0.1% against the dollar and now trades at $156.16 or 0.00234872 BTC.
• Arweave (AR) traded down 2.5% against the dollar and now trades at $17.97 or 0.00027030 BTC.
• Bitcoin SV (BSV) traded down 2.8% against the dollar and now trades at $47.01 or 0.00070704 BTC.
• NyanCoin (NYAN) traded down 2.2% against the dollar and now trades at $2.40 or 0.00008809 BTC.
• Conflux (CFX) traded 1.9% lower against the dollar and now trades at $0.15 or 0.00000233 BTC.

Ethereum Classic Profile

ETC 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 149,252,164 coins. 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 Twitter account is @eth_classic and its Facebook page is accessible here. The official message board for Ethereum Classic is ethereumclassic.org/news. The official website for Ethereum Classic is ethereumclassic.org.

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 US dollars. Investors seeking to acquire Ethereum Classic should first purchase Ethereum or Bitcoin using an exchange that deals in US dollars such as Changelly, GDAX or Coinbase. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Ethereum Classic using one of the exchanges listed above.

ETC/USD price chart by TradingView