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Homeweb3.0What is ETC currency? Recommended ETC currency trading platform

What is ETC currency? Recommended ETC currency trading platform

Sep 20, 2024 pm 04:27 PM
BlockchaincryptocurrencyEthereumexchangetrading platformEthereum Classic

ETC is a cryptocurrency that originated from the Ethereum hard fork in 2016 and represents the original blockchain state before the Ethereum fork. Recommended trading platforms include: 1. Binance (large trading volume, good liquidity); 2. Coinbase (easy to use, suitable for beginners); 3. Kraken (multiple trading pairs, low fees); 4. Bitfinex ( Only for advanced traders); 5. Huobi (a large exchange in China, supporting deposits and withdrawals in multiple legal currencies).

What is ETC currency? Recommended ETC currency trading platform

ETC coin introduction

Ethereum Classic (ETC) coin is a cryptocurrency that was born in the 2016 Ethereum hard split fork. The fork was caused by a hacker attack, which resulted in the theft of funds on the Ethereum platform. ETC coins represent the original blockchain state of Ethereum before the fork.

Exchanges where ETC currency is listed

ETC currency has been listed on the following major exchanges:

  • Binance
  • Coinbase
  • Kraken
  • Bitfinex
  • Huobi

ETC currency trading platform recommended

among many Among the exchanges, the following are recommended ETC currency trading platforms:

  • Binance: With large trading volume and good liquidity, it is the main trading platform for ETC currency.
  • Coinbase: Easy to use, safe and secure, suitable for beginners.
  • Kraken: Provides a variety of trading pairs with low fees.
  • Bitfinex: Exclusively for advanced traders, providing advanced order types.
  • Huobi: A large exchange in China that supports deposits and withdrawals in multiple legal currencies.

When choosing a trading platform, you should consider the following factors:

  • Security: Make sure the exchange has good security measures in place.
  • Liquidity: Choose a platform with large trading volume to ensure fast execution of buy and sell orders.
  • Handling fee: Compare the handling fees of different platforms and choose the appropriate price.
  • User Interface: Choose a platform that is easy to use and easy to navigate.

Ethereum Classic (ETC) Price Increases

As of September 20, 2024, the price of Ethereum Classic (ETC) is $18.72, 24 Hourly trading volume is $117 million. The price has increased by 1.19% in the past 24 hours.

Factors behind price changes

The main reasons for the recent ETC price increase are:

  • ETC Merge upgrade expectations: The ETC community is expected to release the ETC Merge upgrade at the end of 2024, which will make ETC more compatible with the Ethereum network.
  • Support for Merger: ETC developers and supporters actively support the merger, which has generated greater interest in the currency.
  • Crypto Market Overall Gains: The overall crypto market has been performing well recently, and ETC is also benefiting from this momentum.

Future Trend

The future price trend of ETC depends on a variety of factors, including:

  • The success of the ETC Merge upgrade
  • Overall Crypto Market Sentiment
  • Announcement from ETC Development Team

Taking these factors into consideration, ETC price is expected to continue to rise in the coming months.

Investment Advice

  • Investors should carefully consider their risk profile and investment objectives before investing in ETC.
  • Due to the high volatility in the crypto market, it is recommended to diversify your portfolio and only invest money that you can afford to lose.
  • Pay close attention to ETC Merge upgrade news and announcements.

Short-term trend forecast

In the short term, the price of ETC is expected to continue to develop upward, but volatility may be high. It is important to note that price predictions are not entirely accurate and investors should proceed with caution.

Indicators

  • Current price: $18.72
  • 24 hour volume: $117 million
  • 24 hour gain : 1.19%
  • Circulation volume: 149 million ETC
  • Maximum supply: 211 million ETC
  • Total supply: 149 million ETC
  • Circulation market value: US$2.785 billion

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