The live Ethereum Classic price today is just over $33 with a 24-hour trading volume of $630.4 million. It has gained 4.46% since yesterday. If you are attracted to unique features and want to learn how and where to buy Ethereum Classic, this guide is for you.
Top places to buy Ethereum Classic now
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What is Ethereum Classic?
Ethereum Classic (ETC) is a hard fork of Ethereum (ETH) that launched in July 2016. Its main function is as a smart contract network, with the ability to host and support decentralized applications (DApps).
Since its launch, Ethereum Classic has sought to differentiate itself from Ethereum, with the two networks’ technical roadmap diverging further and further from each other with time.
Ethereum Classic first set out to preserve the integrity of the existing Ethereum blockchain after a major hacking event led to the theft of 3.6 million ETH.
Ethereum Classic’s main aim is to preserve the Ethereum blockchain as it originally was, without artificially countering the DAO hack.
Its appeal was first to those who disagreed with Ethereum’s response, but the legacy network has since gained a wider fan base, which include major investors such as Barry Silbert, CEO of investment firm Grayscale.
As a voluntary organization, the developers of ETC do not aim to turn the network into a for-profit entity. Users pay transaction fees as with Ethereum, and miners collect them based on work done as per the proof-of-work (PoW) mining algorithm.
Unlike Ethereum, Ethereum Classic has no plans to convert to a proof-of-stake (PoS) mining algorithm.
Should I buy Ethereum Classic today?
Considering how hard it is to come up with an accurate cryptocurrency prediction, you should never take any decisions affecting your finances before an in-depth market analysis. Don’t invest more than you can afford to lose.
Ethereum Classic price prediction
Coin Price is very optimistic about ETC’s price movements. They predict 1 ETC will trade for $47.53 by the end of this year, $45 by the end of next year, and $61 by the end of 2024. It will start 2025 off at $68.82 and reach $74.30 year-end.
1 ETC will be worth $85.21 at the end of 2026 and go up to $65.28 by the end of the following year. At this time, it will be trading for almost twice its current value if Coin Price proves correct in its forecast.
Ethereum Classic on social media
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— MEXC Research (@MexcResearch) February 9, 2022