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What currency is ETC? Total issuance of ETC coins and introduction to online exchanges

Lisa Kudrow
Lisa KudrowOriginal
2024-09-23 17:55:02868browse

ETC is the cryptocurrency after the Ethereum hard fork in 2016 and is used to recover funds stolen in The DAO attack. Its total circulation is approximately 230 million coins, which are listed on exchanges such as Binance and Huobi.

What currency is ETC? Total issuance of ETC coins and introduction to online exchanges

What currency is ETC?

Ethereum Classic (ETC) is a cryptocurrency that is the result of the 2016 Ethereum hard fork. The hard fork aims to recover funds stolen in The DAO attack.

Total circulation of ETC coins

The total circulation of ETC coins is approximately 230 million. Unlike Ethereum (ETH), ETC coins are not pre-mined and have no inflation mechanism. This means that the supply of ETC coins is fixed.

Online exchanges

ETC is listed on many cryptocurrency exchanges around the world, including:

  • Binance
  • Huobi
  • OKX
  • Coinbase
  • Kraken

Ethereum Classic (ETC) Market Overview

Current price: $19.003

24-hour trading volume: $1.1724 billion

Market cap: $2.829 billion

Recent changes

The price of ETC fell by 0.27% in the past 24 hours.

Price change factors

  • Overall fluctuations in the cryptocurrency market
  • Miners’ interest in ETC mining
  • ETC Technology and development progress

Future Outlook

The price of ETC may continue to fluctuate in the short term. But in the long term, continued demand for the cryptocurrency and the growth of the ETC ecosystem will likely drive its price higher.

Investor Recommendation

Investors should carefully consider investing in ETC as the cryptocurrency market is highly volatile. Studying price history, fundamentals, and overall market sentiment is critical to making informed investment decisions.

Short-term forecast

In the short term, ETC may continue to fluctuate in the range of $17 to $21.

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