What currency is ETC? How to buy, sell and trade ETC coins?

Ethereum Classic (ETC) is a fork of the Ethereum blockchain that was born in 2016. Unlike Ethereum (ETH), ETC retains the code of the original Ethereum blockchain. You can buy and sell ETC through cryptocurrency exchanges or over-the-counter (OTC) markets. The steps for trading ETC include: 1. Create an exchange account; 2. Recharge funds; 3. Find ETC trading pairs; 4. Place an order; 5. Complete the transaction.

ETC: Ethereum Classic’s digital currency

Ethereum Classic (ETC) is a cryptocurrency that is A fork of the Ethereum blockchain, born in 2016. Unlike Ethereum (ETH), ETC retains the code of the original Ethereum blockchain, including the code that led to the DAO hack.

Buy and sell transactions of ETC coins

Buy ETC

• Cryptocurrency exchange: Exchanges such as Binance and Kraken allow you to purchase ETC using fiat currencies such as USD or EUR.
• Over-the-Counter (OTC) Market: You can connect buyers and sellers through the OTC market platform to buy and sell ETC at customized prices.

Selling ETC

• Cryptocurrency Exchanges: You can sell ETC back to the exchange for fiat currency or receive proceeds in the form of other cryptocurrencies.
• Over-the-Counter (OTC) Market: You can also sell ETC on the OTC market.

Trading ETC

• Spot trading: In the spot market, you buy or sell immediately at a fixed price ETC.
• Margin Trading: Margin trading allows you to trade ETC using leverage, but this also increases risk.
• Futures Contract: A futures contract is a financial instrument that allows you to buy or sell ETC at a predetermined price on a future date.

Steps to trade ETC

1. Create an exchange account

On any cryptocurrency exchange Open an account.

2. Top up funds

Top up your account using fiat currency or other cryptocurrencies.

3. Find an ETC trading pair

Find a trading pair between ETC and the currency you want to trade (such as USDT or BTC).

4. Place an order

Select the quantity you want to buy or sell, the order type (such as spot or margin) and the price.

5. Complete the transaction

Once your order is matched, the transaction will be completed and ETC will be credited or deducted from your account.

Ethereum Classic (ETC) Price Increases

As of September 20, 2024, the price of Ethereum Classic (ETC) is $18.72, 24-hour trading volume to $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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