Ethereum Classic (ETC) Trading Up 28% Over Last 7 Days

Ethereum Classic (ETC) traded up 1.7% against the U.S. dollar during the twenty-four hour period ending at 9:00 AM E.T. on August 24th. One Ethereum Classic coin can currently be purchased for approximately $7.90 or 0.00010002 BTC on major exchanges. Ethereum Classic has a total market cap of $1.25 billion and $55.11 million worth of Ethereum Classic was traded on exchanges in the last 24 hours. During the last week, Ethereum Classic has traded 28% higher against the U.S. dollar.

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

• Arweave (AR) traded 2.6% higher against the dollar and now trades at $2.22 or 0.00002811 BTC.
• Bitcoin (BTC) traded 2.3% higher against the dollar and now trades at $79,017.78 or 1.00000000 BTC.
• Dogecoin (DOGE) traded up 0.7% against the dollar and now trades at $0.0929 or 0.00000118 BTC.
• Zcash (ZEC) traded 4.7% higher against the dollar and now trades at $854.05 or 0.01080830 BTC.
• UNUS SED LEO (LEO) traded 1.1% lower against the dollar and now trades at $9.38 or 0.00011866 BTC.
• Monero (XMR) traded up 0.1% against the dollar and now trades at $425.04 or 0.00537900 BTC.
• Bitcoin Cash (BCH) traded 2.9% higher against the dollar and now trades at $282.46 or 0.00357464 BTC.
• Litecoin (LTC) traded 1.8% higher against the dollar and now trades at $53.43 or 0.00067619 BTC.
• NyanCoin (NYAN) traded down 2.2% against the dollar and now trades at $2.40 or 0.00008809 BTC.
• Bitcoin SV (BSV) traded up 0.8% against the dollar and now trades at $16.94 or 0.00021444 BTC.

About Ethereum Classic

ETC 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 157,944,704 coins. 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. The official message board for Ethereum Classic 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 Changelly, Gemini or GDAX. 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