Ethereum Classic (ETC) Achieves Market Cap of $2.71 Billion

Ethereum Classic (ETC) traded 2.1% higher against the dollar during the 24-hour period ending at 10:00 AM ET on November 5th. One Ethereum Classic coin can currently be purchased for approximately $18.14 or 0.00025979 BTC on popular cryptocurrency exchanges. In the last week, Ethereum Classic has traded 5.5% lower against the dollar. Ethereum Classic has a market capitalization of $2.71 billion and $102.65 million worth of Ethereum Classic was traded on exchanges in the last day.

Here is how other cryptocurrencies have performed in the last day:

• Bitcoin (BTC) traded 2.2% higher against the dollar and now trades at $69,828.35 or 1.00000000 BTC.
• Dogecoin (DOGE) traded up 13% against the dollar and now trades at $0.18 or 0.00000252 BTC.
• Bitcoin Cash (BCH) traded 1.9% higher against the dollar and now trades at $342.63 or 0.00490678 BTC.
• UNUS SED LEO (LEO) traded up 0.2% against the dollar and now trades at $6.05 or 0.00008669 BTC.
• Litecoin (LTC) traded 0.2% lower against the dollar and now trades at $66.48 or 0.00095211 BTC.
• Monero (XMR) traded 0.5% higher against the dollar and now trades at $161.23 or 0.00230896 BTC.
• Bitcoin SV (BSV) traded 2.9% higher against the dollar and now trades at $47.32 or 0.00067759 BTC.
• Arweave (AR) traded up 1.1% against the dollar and now trades at $13.87 or 0.00019863 BTC.
• NyanCoin (NYAN) traded 2.2% lower against the dollar and now trades at $2.40 or 0.00008809 BTC.
• eCash (XEC) traded 1.6% higher 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 launch date was July 30th, 2015. Ethereum Classic’s total supply is 210,700,000 coins and its circulating supply is 149,425,939 coins. The official website for Ethereum Classic is ethereumclassic.org. Ethereum Classic’s official Twitter account is @eth_classic and its Facebook page is accessible here. The official message board for Ethereum Classic is ethereumclassic.org/news. The Reddit community for Ethereum Classic is https://reddit.com/r/ethereumclassic and the currency’s Github account can be viewed here.

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 purchase alternative cryptocurrencies such as Ethereum Classic directly using U.S. dollars. Investors seeking to trade Ethereum Classic should first purchase Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Coinbase, GDAX or Changelly. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Ethereum Classic using one of the exchanges listed above.

ETC/USD price chart by TradingView