Volatile Months Ahead for Ethereum & USD 1,711 Likely for Year

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The highest Ethereum Classic has been against US Dollar in the last 30 days was 27.13 US Dollar on UTC. The lowest exchange rate in the last 30 days was 13.51 USD on UTC which indicates a volatility of 20.95%. Last week, we saw how Ethereum prices have been pushed lower due to negative sentiment around Chinese regulations and concerns over a new Covid-19 variant. This week, we’ll take a look at the sudden crypto price surge we’ve seen in recent days. «Almost $500,000 in Ethereum Classic coin stolen by forking its blockchain».

$26 61 USD

Along with the Ethereum Classic mining profitability, the list of top 5 Ethereum Classic miners is updated frequently. There are currently 135,948,930 Ethereum Classic coins circulating out of a max supply of 210,700,000. Price has fixed under 50MA on 30m Timeframe and is testing 100MA. I expect the continuation of the fall, if the price will fix under the support level. As we can see on the ETC chart, even levels formed without removing liquidity. Locally, upward movement is possible, but globally, we have an untraded part of the chart, where small holders capitulate, and big capital can gain their positions. Since before that the price had risen to $140 with no volume, I think… Most Ethereum users moved on to the new hard fork, leaving Ethereum Classic with a significantly smaller community. Better experience than with a competitor that has moon in its name. Accepted my Uruguay based Mastercard, debited the USD amount, had the Litecoin $LTC in seconds in my wallet.

If the transaction is identified as high-risk, the exchange office may suspend the exchange operation until it is verified in accordance with FATF standards. Bitcoin and major altcoins continued their late weekend rally; NFTs are an asset class where value has yet to be clearly defined. 443 days have passed since then, and now the price is 15.58% of the maximum. The Ethereum Classic network is secured using proof-of-work, but as a minority chain, it has suffered regular attacks itself. Its appeal was first to those who disagreed with Ethereum’s response, but the legacy network has since gained a wider fan base, which include major investors such as Barry Silbert, CEO of investment firm Grayscale.

VOLUME USD

Ethereum Classic’s native Ether token is a cryptocurrency traded on digital currency exchanges under the currency code ETC. ETC can be exchanged for network transaction fees or other assets, commodities, currencies, products, and services. As with other cryptocurrencies, the validity of each ether is provided by a blockchain, which is a continuously growing list of records, called «blocks», which are linked and secured using cryptography. Read more about btc to usd\ here. By design, the blockchain is inherently resistant to modification of the data. It is an open, distributed ledger that records transactions between two parties efficiently and in a verifiable and permanent way. Unlike Bitcoin, Ethereum Classic operates using accounts and balances in a manner called state transitions.

Past execution is anything but a dependable sign of future outcomes. No, Ethereum Classic agreements can’t pull information from outer data sources thusly. It is, notwithstanding, conceivable to push information from outside destinations (e.g., climate locales, stock costs) to Ethereum Classic agreements through exchanges. There are “prophet” benefits that are viable with the Ethereum Classic organization that will pull/push information to the Ethereum Classic organization for an expense. This year has seen a ton of uproar in the crypto market, and it has impacted Ethereum Classic’s cost. And so forth has an enormous impact in the Covid pandemic, which could decidedly influence Ethereum Classic cost. Likewise, associations have been created between Ethereum Classic and Ethereum with the assistance of Phoenix and Agharta forks. Ethereum exemplary value expectation recommends the cost will settle at $34.24 by 25 December.

Since the Phoenix protocol activated, applications are fully cross-compatible between the Ethereum Classic and Ethereum Foundation networks. On 28 May 2016, a paper was released detailing security vulnerabilities with the DAO that could allow Ether to be stolen. On 9 June 2016, Peter Vessenes publicly disclosed the existence of a critical security vulnerability overlooked in many Solidity contracts, a recursive call bug. On 12 June 2016, Stephan Tual publicly claimed that the DAO funds were safe despite the newly-discovered critical security flaw. Several codenamed prototypes of the Ethereum platform were developed by the Ethereum Foundation, as part of their proof-of-concept series, prior to the official launch of the Frontier network. The future of Ethereum Classic looks less bright than Ethereum since Ethereum is considered the more legitimate of the two networks, especially with the security concerns of Ethereum Classic. The dispute caused a split in the Ethereum community, with the majority choosing to reverse the hack.

Ethereum Classic differs from Ethereum in terms of its monetary policy, as described above, as well as in its commitment to the algorithm proof-of-work for securing its blockchain. Despite these philosophical differences, Ethereum Classic and Ethereum work similarly. After all, Ethereum Classic is the original Ethereum blockchain. Because of the upgrades, Ethereum Classic’s supply is capped at 210.7 million and its block reward declines by 20 percent every 5 million blocks, or roughly every two and a half years. Own 30+ cryptoassets on an easy-to-use platform, and share in the knowledge of 25m+ users. This, however, is $269.86 M short ofNEAR, which is ranked 24 by market capitalisation. Ethereum Classic has had its trading volume $824.11 M over the past 24 hours.

However, the majority of the Ethereum community decided to roll back the blockchain, effectively creating a bailout for The DAO’s investors. Ethereum Classic cost has performed superbly toward the beginning of the year. In any case, it is falling as a few least value targets have as of now been reached, and the coin is proceeding to fall further. Despite the fact that it is difficult to be precise in a market whose instability is immense. Its feeling was negative with seven bullish specialized pointers against 25 negative. For a more drawn-out term viewpoint, the ETC coin expectation from a calculation based determining site WalletInvestor shows the cost conceivably holding firm to the $39.06 toward the beginning of 2022. It predicts that the cost might reach $83.5 before the finish of 2022 and beyond twofold to $218 before the finish of 2025. ETC’s on-chain metrics reveal that the bears are currently in recess. However, the low buying pressure confirms that investors are still worried about the risk of a further sell-off. Its market cap also formed a capitulation zone near the $2 billion mark from 13 June to 18 June, before achieving a significant upside to present-day levels at $2.2 billion.

• Unlike Bitcoin, Ethereum Classic operates using accounts and balances in a manner called state transitions.
• In the event that Ethereum is getting excessively costly, ETC should be visible as a decent other option, seeing as it is utilized in very much like ways.
• The lowest and highest exchange rate for 1 ETC, in the last 24 hours was $24.25 and $26.51 accordingly.
• EXMO is seeking to maximize the number of trading instruments on the platform to provide its users with more trading opportunities on crypto-market.
• Bitcoin is having its best week since March, but with the Federal Reserve still in inflation-fighting mode it seems like the only thing that can really get traders juiced up is the upcoming Ethereum Merge.

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Conversion rate for 1 ETC to USD United States Dollar

World currency prices are based on rates obtained via Open Exchange Rates. Ethereum is a blockchain-based software platform with the native coin, ether. Ethereum smart contracts support a variety of distributed apps across the crypto ecosystem. Ethereum Classic is an open-source, decentralized, blockchain-based distributed cryptocurrency platform that runs smart contracts. Ethereum Classic was formed in 2016 as a result of a hack of The DAO, a smart contract operating on the Ethereum blockchain. The original blockchain was split in two, with the majority of users choosing to reverse the hack and return the stolen funds. Conversion from Ethereum Classic to United States dollar can be done at current rates as well as at historical rates – to do this, select the desired exchange rate date. Additionally, the currency calculator shows the closing rate of the previous day as well as the highest and lowest rates of the conversion Ethereum Classic — United States dollar. In addition to the Ethereum Classic — United States dollar rate, the Markets Insider currency calculator also offers other exchange rates for about 160 international currencies. The live Ethereum Classic price today is $26.06 USD with a 24-hour trading volume of $1,001,889,005 USD.
The first Ethereum Classic block that was not included in the forked Ethereum chain was block number 1,920,000, which was generated by Ethereum Classic miners on 20 July 2016. Staked ether tokens represent tokens of ether that have been «staked,» or locked up, ahead of the new Ethereum network upgrade. Investopedia requires writers to use primary sources to support their work. These include white papers, government data, original reporting, and interviews with industry experts. We also reference original research from other reputable publishers where appropriate. You can learn more about the standards we follow in producing accurate, unbiased content in oureditorial policy. The split revealed philosophical divisions within the Ethereum community. Based on the principle that “Code is Law,” a small number of developers and miners believed that The DAO’s investors should suffer the consequences of investing in a flawed project.

At the hour of composing the site’s specialized examination showed that the ETC had support levels at $ 34.43, $ 33.98, and the most grounded at $ 33.12 and obstruction $ 35.75, $ 36.62, and $ 37.07. Up almost multiple times what it was a month sooner, and almost multiple times its worth toward the finish of April. Nonetheless, in 2022, digital money was exchanging at generally $45.268 and by December 2022, it had fallen further and was exchanging at $35.77. Recently, we saw a downside move below the $10.00 support in ETC price against the US dollar. The ETC/USD pair even broke the $9.00 support https://www.beaxy.com/exchange/eth-usd/ and traded as low as $8.92. Later, buyers appeared and pushed the price back above the $9.00 level. The price traded higher steadily and broke the 23.6% Fib retracement level of the previous decline from the $10.80 swing high to $8.90 swing low. It is important to point out that the number of days calculated does not account for difficulty increases and decrease as well as block reward increases and decrease . Enter your Ethereum Classic mining hashrate, power consumption in watts, and costs. In the last 24 hours, Ethereum Classic was most traded on Binance, OKX, and Hotcoin Global.
The price of Ethereum Classic (ETC/USD) today is $26.28 USD with a total market cap of $3,572,170,412. We do not have historical data for Ethereum Classic, but we do have the latest exchange rate. Every exchanger present on our website has been thoroughly checked before listing, and BestChange team constantly monitors their due performance. This increases safety of financial transactions in exchangers listed in the monitor.

We recommend that you do not trade in the crypto money market without having sufficient information about the crypto money market. Our site is not a Crypto Money Exchange, we only offer the values of crypto coins. According to the given information, trading in crypto money exchanges is entirely the visitor’s own initiative. Coinlore provides independent cryptocurrency / coin prices calculated by its own algorithm, and other metrics such as markets, volumes, historical prices, charts, coin market caps, blockchain info, API, widgets, and more. We also gather additional information from different sources to make sure we cover all necessary data or events.

Sign up for an account in minutes to buy crypto using credit card or bank transfer. DropsTab is an independent market cap website and is not affiliated with any project or company. If you type just one currency code into the URL, the target currency will be the currency of the country that the user is located in. Type currency.world/convert/ETC_400 to convert 400 Ethereum Classic to the user’s currency. You can also press $ or € on your keyboard, or start typing a currency name, currency code or country name to change currency.

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies. The 3Commas currency calculator allows you to convert a currency from Ethereum Classic to US Dollar in just a few clicks at live exchange rates. Although both Ethereum and Ethereum Classic offer smart contracts and are after the same market, Ethereum has gained in popularity as the more legitimate of the two networks. Also, Ethereum’s ETH is second only to Bitcoin as the most valuable cryptocurrency network in the world. He has 5 years of experience in finance and forex and more than two years as a writer in the crypto and blockchain segments.