Ethereum Classic (ETC) Hits Market Capitalization of $2.70 Billion

Ethereum Classic (ETC) traded up 0.9% against the dollar during the one day period ending at 21:00 PM Eastern on August 7th. Ethereum Classic has a market capitalization of $2.70 billion and $185.16 million worth of Ethereum Classic was traded on exchanges in the last day. During the last seven days, Ethereum Classic has traded down 17% against the dollar. One Ethereum Classic coin can now be bought for about $18.23 or 0.00032671 BTC on popular exchanges.

Here is how similar cryptocurrencies have performed during the last day:

• Bitcoin (BTC) traded down 0.5% against the dollar and now trades at $55,790.18 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 0.5% higher against the dollar and now trades at $0.0967 or 0.00000173 BTC.
• Bitcoin Cash (BCH) traded 2% higher against the dollar and now trades at $319.07 or 0.00571912 BTC.
• UNUS SED LEO (LEO) traded down 3.2% against the dollar and now trades at $5.78 or 0.00010355 BTC.
• Litecoin (LTC) traded 2.1% lower against the dollar and now trades at $56.66 or 0.00101566 BTC.
• Monero (XMR) traded 0.1% higher against the dollar and now trades at $148.21 or 0.00265650 BTC.
• Arweave (AR) traded down 2% against the dollar and now trades at $19.89 or 0.00035647 BTC.
• NyanCoin (NYAN) traded 2.2% lower against the dollar and now trades at $2.40 or 0.00008809 BTC.
• Bitcoin SV (BSV) traded 4.3% higher against the dollar and now trades at $38.84 or 0.00069624 BTC.
• eCash (XEC) traded 0.9% higher against the dollar and now trades at $0.0000 or 0.00000000 BTC.

Ethereum Classic Coin Profile

Ethereum Classic (CRYPTO: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 148,239,461 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. Ethereum Classic’s official website 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.”

Buying and Selling Ethereum Classic

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

ETC/USD price chart by TradingView