Ethereum Classic (ETC) Trading 7.3% Higher This Week

Ethereum Classic (ETC) traded up 0.7% against the US dollar during the twenty-four hour period ending at 11:00 AM E.T. on May 7th. Ethereum Classic has a market cap of $4.04 billion and approximately $167.91 million worth of Ethereum Classic was traded on exchanges in the last 24 hours. One Ethereum Classic coin can currently be purchased for approximately $27.47 or 0.00042818 BTC on major cryptocurrency exchanges. In the last week, Ethereum Classic has traded 7.3% higher against the US dollar.

Here is how other cryptocurrencies have performed in the last 24 hours:

• Bitcoin (BTC) traded 0.3% higher against the dollar and now trades at $64,160.04 or 1.00000000 BTC.
• Dogecoin (DOGE) traded up 0.9% against the dollar and now trades at $0.16 or 0.00000246 BTC.
• Bitcoin Cash (BCH) traded 4.1% higher against the dollar and now trades at $487.21 or 0.00759363 BTC.
• Litecoin (LTC) traded 2.2% higher against the dollar and now trades at $82.28 or 0.00128237 BTC.
• UNUS SED LEO (LEO) traded 0.5% higher against the dollar and now trades at $5.79 or 0.00009021 BTC.
• Arweave (AR) traded up 1.7% against the dollar and now trades at $40.20 or 0.00062661 BTC.
• Monero (XMR) traded 2.7% higher against the dollar and now trades at $132.87 or 0.00207097 BTC.
• Bitcoin SV (BSV) traded 2.3% higher against the dollar and now trades at $65.47 or 0.00102035 BTC.
• eCash (XEC) traded 2.3% higher against the dollar and now trades at $0.0001 or 0.00000000 BTC.
• Conflux (CFX) traded 0.2% higher against the dollar and now trades at $0.22 or 0.00000347 BTC.

Ethereum Classic Coin Profile

Ethereum Classic (CRYPTO:ETC) is a proof-of-work (PoW) coin that uses the EtcHash hashing algorithm. It launched on July 30th, 2015. Ethereum Classic’s total supply is 210,700,000 coins and its circulating supply is 146,929,508 coins. Ethereum Classic’s official message board is ethereumclassic.org/news. 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. 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 possible to purchase alternative cryptocurrencies such as Ethereum Classic directly using U.S. dollars. Investors seeking to acquire Ethereum Classic should first purchase Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as GDAX, Changelly or Gemini. 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