Ethereum Classic Trading 2.6% Lower This Week (ETC)

Ethereum Classic (ETC) traded 3.2% lower against the US dollar during the 24-hour period ending at 9:00 AM ET on September 13th. One Ethereum Classic coin can now be bought for $7.53 or 0.00009817 BTC on popular cryptocurrency exchanges. In the last seven days, Ethereum Classic has traded 2.6% lower against the US dollar. Ethereum Classic has a market cap of $1.19 billion and approximately $29.41 million worth of Ethereum Classic was traded on exchanges in the last 24 hours.

Here’s how similar cryptocurrencies have performed in the last 24 hours:

• Arweave (AR) traded down 2.5% against the dollar and now trades at $2.55 or 0.00003328 BTC.
• Bitcoin (BTC) traded down 0.8% against the dollar and now trades at $76,726.40 or 1.00000000 BTC.
• Zcash (ZEC) traded down 6% against the dollar and now trades at $1,090.24 or 0.01420942 BTC.
• Dogecoin (DOGE) traded down 2% against the dollar and now trades at $0.0834 or 0.00000109 BTC.
• Monero (XMR) traded 0.5% higher against the dollar and now trades at $532.18 or 0.00693609 BTC.
• UNUS SED LEO (LEO) traded down 0.6% against the dollar and now trades at $9.05 or 0.00011795 BTC.
• Bitcoin Cash (BCH) traded down 3.3% against the dollar and now trades at $223.56 or 0.00291368 BTC.
• Litecoin (LTC) traded down 0.9% against the dollar and now trades at $53.55 or 0.00069791 BTC.
• NyanCoin (NYAN) traded 2.2% lower against the dollar and now trades at $2.40 or 0.00008809 BTC.
• Bitcoin SV (BSV) traded 3.4% higher against the dollar and now trades at $17.07 or 0.00022249 BTC.

Ethereum Classic Coin Profile

Ethereum Classic is a proof-of-work (PoW) coin that uses the EtcHash hashing algorithm. It was first traded on July 30th, 2015. Ethereum Classic’s total supply is 210,700,000 coins and its circulating supply is 158,156,879 coins. Ethereum Classic’s official website is ethereumclassic.org. The Reddit community for Ethereum Classic is https://reddit.com/r/ethereumclassic and the currency’s Github account can be viewed here. Ethereum Classic’s official Twitter account is @eth_classic and its Facebook page is accessible here. Ethereum Classic’s official message board is ethereumclassic.org/news.

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 presently possible to buy alternative cryptocurrencies such as Ethereum Classic directly using US dollars. Investors seeking to acquire Ethereum Classic should first buy Bitcoin or Ethereum using an exchange that deals in US dollars such as Coinbase, Gemini or Changelly. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Ethereum Classic using one of the aforementioned exchanges.

ETC/USD price chart by TradingView