Ethereum Classic (ETC) Market Cap Reaches $3.38 Billion

Ethereum Classic (ETC) traded down 2.3% against the U.S. dollar during the one day period ending at 9:00 AM E.T. on July 30th. Ethereum Classic has a market capitalization of $3.38 billion and $123.50 million worth of Ethereum Classic was traded on exchanges in the last 24 hours. One Ethereum Classic coin can currently be purchased for $22.79 or 0.00034323 BTC on major exchanges. During the last week, Ethereum Classic has traded down 5.5% against the U.S. dollar.

Here is how similar cryptocurrencies have performed during the last 24 hours:

• Bitcoin (BTC) traded down 4.1% against the dollar and now trades at $66,439.05 or 1.00000000 BTC.
• Dogecoin (DOGE) traded down 3.8% against the dollar and now trades at $0.13 or 0.00000193 BTC.
• Bitcoin Cash (BCH) traded 4.2% lower against the dollar and now trades at $432.78 or 0.00651728 BTC.
• Litecoin (LTC) traded down 3.5% against the dollar and now trades at $73.24 or 0.00110285 BTC.
• UNUS SED LEO (LEO) traded 3.4% lower against the dollar and now trades at $5.67 or 0.00008542 BTC.
• Monero (XMR) traded down 2.5% against the dollar and now trades at $160.26 or 0.00241329 BTC.
• Arweave (AR) traded down 6.5% against the dollar and now trades at $30.37 or 0.00045728 BTC.
• Bitcoin SV (BSV) traded down 2.6% against the dollar and now trades at $52.19 or 0.00078593 BTC.
• NyanCoin (NYAN) traded down 2.2% against the dollar and now trades at $2.40 or 0.00008809 BTC.
• eCash (XEC) traded down 5.6% against the dollar and now trades at $0.0000 or 0.00000000 BTC.

About Ethereum Classic

ETC is a proof-of-work (PoW) coin that uses the EtcHash hashing algorithm. Its genesis date was July 30th, 2015. Ethereum Classic’s total supply is 210,700,000 coins and its circulating supply is 148,127,315 coins. Ethereum Classic’s official Twitter account is @eth_classic and its Facebook page is accessible here. The Reddit community for Ethereum Classic is https://reddit.com/r/ethereumclassic and the currency’s Github account can be viewed here. The official message board for Ethereum Classic is ethereumclassic.org/news. Ethereum Classic’s official website is ethereumclassic.org.

According to CryptoCompare, “Ethereum Classic (ETC) is a decentralized, open-source blockchain platform that uses proof-of-work consensus to execute and store smart contracts and dApps. It was created in July 2016 by a group of developers and users who opposed the Ethereum Foundation’s decision to hard fork the Ethereum blockchain in response to the “DAO hack.” ETC is used for a variety of purposes, including creating dApps and issuing tokens, and has a strong focus on immutability and censorship-resistance. It is led by a team of developers and supported by a global community of users and organizations.”

Buying and Selling Ethereum Classic

It is usually not currently possible to buy alternative cryptocurrencies such as Ethereum Classic directly using US dollars. Investors seeking to trade Ethereum Classic should first buy Bitcoin or Ethereum using an exchange that deals in US dollars such as Coinbase, Gemini or GDAX. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Ethereum Classic using one of the exchanges listed above.

ETC/USD price chart by TradingView