Ethereum Classic (ETC) Trading Down 1.9% Over Last Week

Ethereum Classic (ETC) traded up 0.7% against the US dollar during the 1 day period ending at 8:00 AM Eastern on August 4th. During the last seven days, Ethereum Classic has traded down 1.9% against the US dollar. One Ethereum Classic coin can now be bought for approximately $6.60 or 0.00010341 BTC on major exchanges. Ethereum Classic has a total market capitalization of $1.04 billion and approximately $26.59 million worth of Ethereum Classic was traded on exchanges in the last day.

Here’s how related cryptocurrencies have performed during the last day:

• Arweave (AR) traded 2.4% higher against the dollar and now trades at $1.81 or 0.00002830 BTC.
• Bitcoin (BTC) traded up 2% against the dollar and now trades at $63,860.45 or 1.00000000 BTC.
• Dogecoin (DOGE) traded up 1.4% against the dollar and now trades at $0.0704 or 0.00000110 BTC.
• UNUS SED LEO (LEO) traded 0.2% higher against the dollar and now trades at $9.77 or 0.00015302 BTC.
• Zcash (ZEC) traded up 0.7% against the dollar and now trades at $486.66 or 0.00762065 BTC.
• Monero (XMR) traded up 0.4% against the dollar and now trades at $361.93 or 0.00566745 BTC.
• Bitcoin Cash (BCH) traded up 1.7% against the dollar and now trades at $213.39 or 0.00334147 BTC.
• Litecoin (LTC) traded 0.6% higher against the dollar and now trades at $44.31 or 0.00069380 BTC.
• NyanCoin (NYAN) traded 2.2% lower against the dollar and now trades at $2.40 or 0.00008809 BTC.
• Bitcoin SV (BSV) traded 3.6% higher against the dollar and now trades at $12.98 or 0.00020320 BTC.

Ethereum Classic Profile

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 157,735,191 coins. 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. The official website for Ethereum Classic is ethereumclassic.org. 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 currently possible to buy alternative cryptocurrencies such as Ethereum Classic directly using U.S. dollars. Investors seeking to acquire Ethereum Classic should first buy Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as GDAX, Coinbase or Changelly. 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