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What currency is ETC? What is the future of ETC currency?

Jennifer Aniston

Sep 20, 2024 pm 04:30 PM

BlockchaincryptocurrencyEthereumBinanceusdtexchangeHuobiEthereum ClassicEthereum blockchain

ETC is a hard fork currency derived from Ethereum, and its prospects depend on the development of the Ethereum network, DeFi and NFT popularity, miner support, and market sentiment. You can buy ETC through a cryptocurrency exchange, dealer or peer-to-peer market: 1. Create an exchange or dealer account; 2. Fund the account; 3. Find an ETC trading pair; 4. Enter the purchase amount and price; 5. Next Single transaction.

What currency is ETC? What is the future of ETC currency?

What currency is ETC?

Ethereum Classic (ETC) is a hard fork of the Ethereum blockchain. It was created in July 2016 to preserve the original protocol rules of the Ethereum blockchain, which updated its rules following The DAO hack.

What is the future of ETC?

ETC’s prospects depend on a variety of factors, including:

Growth in usage of the Ethereum network: ETC is compatible with the Ethereum blockchain , so it benefits from the growth in usage of the Ethereum network.
Popularization of DeFi and NFTs: ETC can be used to pay for DeFi and NFT transactions, which increases its demand.
Miner Support: ETC is primarily created through mining, and miner support is crucial to maintaining its network.
Market Sentiment and Speculation: Like other cryptocurrencies, the price of ETC is affected by market sentiment and speculation.

How to buy ETC coins?

You can buy ETC via:

Cryptocurrency exchanges: Exchanges such as Binance, Huobi and OKX offer ETC trading .
Cryptocurrency Resellers: Resellers such as Coinbase, Kraken and Gemini offer purchasing services for ETC.
Peer-to-Peer Markets: Platforms like LocalBitcoins and Paxful allow you to buy ETC directly from other people.

Steps:

Create a cryptocurrency exchange account or choose a dealer.
Fund your account (usually via bank transfer or credit card).
Find ETC trading pairs (e.g. ETC/USDT).
Enter the quantity and price of ETC you want to purchase.
Place an order and wait for it to be filled.

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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