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Ethereum Classic price, market cap on Coin360 heatmap

Ethereum Classic(ETC)

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$20.7307
(4.51%)
0.00072944 BTC
Market Cap (Rank#22)
$2,904,987,842
102,217 BTC
Vol 24h
$47,327,279
1,665 BTC
Circulating Supply
140,129,891.41
Max Supply
210,700,000
3h ago cryptodaily
Safemoon Liquidity Pool Compromised Thanks To Token Burn Bug
DeFi project Safemoon has announced that its liquidity pool has been compromised, according to a statement on its official Twitter handle. So far, the amount of funds stolen due to the exploit remains unknown. Liquidity Pool Compromised Safemoon stated that it is taking steps to resolve the matter. However, details around the issue remain sketchy at best. “We are taking swift action in an attempt to resolve the issue as soon as possible. Follow here for updates. Thank you for your support as we work to address this situation.” CEO John Karony retweeted the same statement but has not commented further. Safepool is a Metaverse, blockchain, NFT, and Web 3.0 building and innovation ecosystem. However, the company has been at the center of several controversies since its launch in March 2021. The Bug In Question While Safemoon has remained mum about the incident, several others have commented on the developments. Security firm PeckShield has stated that an update to a contract introduced a burn bug that allowed anyone to destroy tokens. PeckShield stated that the upgrade looked to be initiated by a deployer contract, making it possible that there was an admin key leak. However, the firm could not state how much crypto, if any, has been compromised. “Hi @safemoon, The upgrade, with the exploited public burn bug, was initiated by the official SafeMoon: Deployer. (Admin key leak?).” Meanwhile, Web 3.0 developer DeFi mark stated that SafeMoon was hacked for $8.9 million, adding that he was able to identify an obvious exploit. The public burn function allows users to burn tokens from any other address. The attacker exploited this function to remove SFM tokens from the SafeMoon WBNB Liquidity Pool, artificially inflating the price of the native token. Attacker Reaches Out Following the news of the exploit, the protocol’s native SFM token tanked, dropping as much as 30%. However, barely hours after the exploit, the attackers in question responded to a message in the transaction thread, seemingly suggesting that they were willing to return the funds to Safemoon, which indeed they did. Data from Peckshield showed that the attackers had sent 4000 BNB tokens worth $1.2 million. “Hey, relax. We are accidentally frontrun an attack against you. We would like to return the fund, set up a secure communication channel, lets talk.” Controversy’s Child The attack and subsequent compromise could not have come at a worse time for Safemoon, which had recently been promoting its security offering, Orbital Shield. While the exploit is not related to this product, it does not really inspire confidence in the project’s security products. The protocol has been dogged by controversy since its inception in 2021. In 2022, the protocol came under heavy criticism from YouTuber Coffeezilla, who stated that the project’s former CEO, known only as Kyle, had committed fraud. He also alleged that the current CEO had stolen from his own project. The protocol has also been the subject of a number of class action lawsuits, further damaging its reputation. The lawsuits have accused the project of being a pump-and-dump scheme and is in violation of several securities laws. The SFM token saw a considerable surge when one of the lawsuits was dropped. However, that gain proved to be very short-lived. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
21h ago nulltx
The Three Best AI Cryptos in 2023: Fetch ai, CryptoGPT, and Avorak AI
As the world embraces the power of artificial intelligence, the crypto space is not lagging behind. AI and blockchain technologies are now integrating to create innovative AI crypto solutions that are transforming the industry. Fetch.ai, CryptoGPT, and Avorak AI are three best AI cryptos making a huge impact in 2023. Fetch.ai Fetch.ai is a decentralized […]
1 day ago cryptodaily
XRP Dominates While the Market Wobbles from Shock CFTC Lawsuit
XRP is topping the crypto charts outperforming all other major cryptocurrencies. The price finally hit its very bullish target of $0.50 while the rest of the market takes a tumble in response to the CFTC’s lawsuit against the CEO of Binance. XRP is trading at its highest level in the past five months despite the crypto market taking a knock in response to a lawsuit filed by the Commodity Futures Trading Commission (CFTC) against Changpeng Zhao, the CEO of crypto exchange Binance. The CFTC has accused Zhao of insider trading and evading KYC regulations. Zhao responded to the allegations by calling the suit “unexpected and disappointing” and denied any wrongdoing on his or Binance’s part. At the time of writing, XRP was trading at $0.50, according to data from CoinMarketCap, representing a 25% rise over the past week. Popular crypto influencer David Gokhshtein was one of the first to notice XRP’s breakout, tweeting: The entire market dumped on the news except for $XRP. — David Gokhshtein ®️ (@davidgokhshtein) March 27, 2023 Cointelegraph reports that XRP whales have been steadily accumulating since February as only days remain until the SEC vs Ripple lawsuit could produce an outcome. Crypto lawyer John Deaton took to Twitter to share his take on the controversial lawsuit. Deaton opined that XRP has by far the most attractive risk-to-reward ratio. XRP has the most attractive risk/reward ratio IMO. The Judge’s ruling is coming down w/in the next few weeks (maybe this week). If the SEC wins, what’s the downside from .45? Ripple appeals and we get the status quo. Ripple wins and its made clear XRP isn’t a security? Upside?
1 day ago cryptodaily
Bitget Review 2023: The Exchange Continues To Stand Above Its Competition As 2023 Gets Underway
Copy trading has been one of the most reliable and trusted investment methods for the longest time, and there is no reason this trend should stop now that cryptocurrencies are gradually becoming mainstream. While there are many copy trading platforms out there, perhaps none can provide the sheer quality, safety, and diversity being offered by Bitget. The exchange, which has over 8 million users in over 100 countries and regions, is dedicated to assisting users in making smarter trading decisions by offering a safe, one-stop trading solution. It also encourages people to embrace cryptocurrency through partnerships with credible partners such as legendary Argentine footballer Lionel Messi, the Italian leading football team Juventus, and official eSports event organizer PGL. Bitget is currently ranked as a top 5 futures trading platform and a top 10 spot trading platform by CoinGecko. Understanding Bitget Before going any further, it is firstly important to understand what Bitget actually is. Bitget is a popular crypto exchange which offers users a comprehensive and user-friendly environment through which they can easily trade digital assets. The exchange provides a wide array of innovative trading resources designed to assist users in making informed trading decisions in addition to enabling them to quickly and efficiently execute their trades. Due to its sleek and easy-to-use interface as well as its dependable security measures and affordable fees, Bitget has become the preferred choice for many novice and skilled crypto traders worldwide. Furthermore, the platform supports more than 20 languages like English, Turkish, Traditional Chinese, and Vietnamese, and is accessible through all devices on desktop, iOS, and Android, making it convenient and readily available to users worldwide. Bitget’s copy trading capabilities Not only is Bitget the world's biggest cryptocurrency exchange for copy trading, but the team has recently expanded their copy trading feature to the Spot market. Moreover, as Bitget is the first centralized exchange to provide copy trading in the cryptocurrency market, traders would hence find it easy to make trades as they receive a convenient and smooth user experience. Secondly, Bitget's Copy Trading provides a new way to increase profitability while simultaneously prioritizing both flexibility and transparency. By 'copying' the trading activities of more experienced traders, rookies can make decent profits just like their superiors while the veterans can keep generating passive income and also keep growing their own influence in the crypto industry. Since its inception, Bitget's copy trading feature has brought in over 80,000 skilled traders to share their strategies and over 380,000 followers to copy. As of January 2023, there have been over 47 million profitable trades via Bitget copy trading, with profits from profitable trades totaling $300 million and profits shared by elite traders totaling USD 20 million. Additionally, Bitget launched the Bitget Insights platform in October 2022, allowing users to share their trading experience and market analysis. This newsfeed community, where verified users can share their financial analyses and opinions with their followers, assists them in making more informed financial decisions. More than 500 trading experts shared their crypto market insights on the platform in January 2023, with nearly 10,000 posts generated. What cryptocurrencies does Bitget have? Bitget offers a spot exchange function for most popular cryptocurrencies, allowing you to trade one coin for another. Recently, the platform supports USDT, USDC, BTC, ETH, BGB (the exchange's native token), and 450+ cryptocurrencies and 580+ trading pairs. Also, Bitget is the first major derivatives trading platform to launch the USDT-margined futures product in May 2019. In comparison to Coin-margined futures, USDT-margined futures are more user-friendly for newcomers to futures trading because they do not require investors to hold corresponding coins before going long or short. Bitget is also the first cryptocurrency exchange to partner with Circle to launch USDC-margined futures in July 2021. In addition, with 130 trading pairs, Bitget now supports USDT-margined futures, USDC-margined futures, and Coin-margined futures. But that’s not all, as Bitget is a top 5 derivatives trading platform, it has seen massive growth regarding trading volume and market share since the FTX collapse. Bitget's total transaction volume increased by more than 300% in 2022. In terms of 24hr Open Interest (OI), the top 10 derivatives exchanges' OI dropped approximately 40% from its high point in December 2022, while Bitget is the only exchange that increased OI, from about $800 million to $3.74 billion. As if that weren't enough, Bitget is now a top 5 derivatives trading platform in terms of volume and OI, according to CoinMarketCap and CoinGecko. What about deposits? Bitget has added new deposit channels for users who want to deposit in fiat currencies. Customers will find it easier to deposit fiat and begin trading cryptocurrencies with the new deposit rails, which have no fees. Bitget also intends to maintain its dominant market position by incorporating zero-fee deposits and enabling spot trading for specific fiat currencies. Finally, the exchange pledges to provide a safe and stable link between digital and traditional finance, as well as to improve overall user experience as well as market accessibility in order to promote broader mainstream adoption. Bitget additionally offers a wide range of trading options and services with a fair and open fee structure. Bitget's trading fee incentives include lower transaction fees for Spot trading and absolutely no fees for crypto deposits as previously alluded to. Using a credit or debit card, Apple Pay, or Google Pay are all viable options for payment. Bitget also offers a P2P cryptocurrency marketplace alongside other payment options like Wise, Skrill, Neteller, Cashapp, Adv Cash, direct bank transfer, among others. The exchange has recently launched new Fiat on-ramps. These new on-ramps include SEPA and FPS channels, which are designed to provide users with greater convenience when it comes to depositing funds and facilitating trades. Should you use Bitget then? This review is just one of many that you are bound to read online, but what makes Bitget stand out above its competition is the aforementioned services centered around copy trading, futures, spot trading, and more while ensuring that the traders are kept safe at all times. Bitget also outperforms the competition in terms of security, thanks in no small part to its $300 million protection fund as well as the Merkle Tree Proof of Reserves. Put bluntly, Bitget is a secure and regulated crypto exchange that offers cutting-edge financial services and is doing everything in its power to promote broader crypto adoption as is made evident by the aforementioned partnership with Messi. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
2 days ago cryptodaily
Open-Source Blockchain D-Ecosystem Raises $6M Ahead of March 29th IDO
Tallinn, Estonia, 27th March, 2023, ChainwireOpen-source blockchain D-Ecosystem has announced that it has raised $6M in funding ahead of its initial DEX offering (IDO). The public sale, scheduled to start on March 29, will mark the first phase of the DXC token sale.Starting at 12 pm UTC on March 29, D-Ecosystem will initiate Phase 1 of its IDO. The event will run until April 30, during which time DCX will be available at a price of $0.50 per coin. Phase 2 will begin on May 1 and will run until May 31, when the price of DCX will be $0.70. The minimum purchase is 100 DCX and the maximum is 5,000,000 DCX.To purchase DCX coins, users will be able to use wallets such as MetaMask, WalletConnect, or Coinbase wallet, and can participate through networks such as Ethereum, BSC, or Polygon using native tokens or USDT.Encouraged by the $6M it has raised to date, D-Ecosystem is on a mission to build products that will make the complete blockchain space more secure and private. With a focus on security, transparency, and decentralization, D-Ecosystem aims to transform the blockchain landscape.Zero security breaches, public records of transactions and user activity, and the distribution of decision-making power are among D-Ecosystem’s defining features. Products slated for development include the launch of D-Ecosystem's own launchpad.With its upcoming launchpad, D-Ecosystem will provide a valuable platform for new projects to launch their own coin and raise funds, furthering its commitment to fairness and inclusivity in the blockchain ecosystem. Its team is made up of experienced professionals with a wealth of knowledge and expertise in blockchain technology, giving D-Ecosystem a clear vision of what it wants to achieve.D-Ecosystem offers a range of innovative products and services designed to empower individuals and organizations in the digital age. Key offerings include:DCX coin: the primary medium of exchange on the platform. DCX will provide users with access to various services including decentralized finance (DeFi), decentralized storage, and decentralized marketplace servicesD-Chain: Native blockchain platform with zero gas fees, lightspeed transactions, and high privacy with a built-in proof of innocence protocol to prevent money laundering and crimeD-Wallet: a user-friendly wallet that allows individuals and organizations to securely store, send, and receive digital assetsD-NFT: NFT marketplaceD-Swap: A decentralized exchange (DEX) built on D-Chain with lottery and prediction game includedOther features under development include the D-Ecosystem Payment system (zero fees), the world's first cross-chain IDO Launchpad, DUSD stablecoin, D-Messenger, D-P2P, D-Space, and D-Meta.About D-EcosystemD-Ecosystem is a decentralized, open-source blockchain ecosystem including a public chain, own payments system, own DEX, wallet, NFT marketplace, and much more. It gives blockchain users the tools they need to transact securely and privately while accessing a range of powerful DeFi services.For more information, visit:Website | Twitter | Telegram | Telegram Announcements | Discord | Medium | Linkedin | YouTube | Facebook | [email protected]

About Ethereum Classic?

The live price of Ethereum Classic (ETC) today is 20.7307 USD, and with the current circulating supply of Ethereum Classic at 140,129,891.41 ETC, its market capitalization stands at 2,904,987,842 USD. In the last 24 hours ETC price has moved 0.6896 USD or 0.04% while 45,517,996 USD worth of ETC has been traded on various exchanges. The current valuation of ETC puts it at #22 in cryptocurrency rankings based on market capitalization.

Learn more about the Ethereum Classic blockchain network and how it works or follow the price of its native cryptocurrency ETC and the broader market with our unique COIN360 cryptocurrency heatmap.

The widely-recognized Ethereum blockchain launched by Vitalik Buterin and Gavin Wood in July 2015, raised $150 million through an Initial Coin Offering (ICO) conducted by ‘The DAO’, in April 2016. However, a hacker stole $3.6 million three months later, by exploiting a bug in one of The DAO’s smart contracts.

The Ethereum blockchain as we know it today rolled back the chain and reverted it to its original unhacked status in July 2016. However, a section of the Ethereum community which believed in immutability as one of the core ethos of crypto networks, kept propagating the original Ethereum blockchain, with no ledger rewrites, calling it Ethereum Classic.

Ethereum Classic is committed to staying as a Proof of Work (PoW) network, in pursuit of decentralization maximalism, quite unlike its sibling which is soon transitioning to Proof of Stake. Its community lays great emphasis on two core principles – immutability and censorship resistance – with ‘Code is Law’ being the governance motto. 

Ethereum Classic further distanced itself from Ethereum over time, as it put a hard cap on ETC’s maximum supply (210,700,000 coins) and adopted a Bitcoin-like deflationary monetary policy by introducing a regular reduction in block rewards. It aims to be the go-to platform for smart contract development which helps developers create unstoppable applications.

ETC price

When the Ethereum hard fork happened in July 2016, all investors who held ETH in their wallets were given the same amount of ETC coins for free. The ETC price kept fluctuating mostly between $1 to $2 from the time of its launch, until March 2017, when after introducing a Bitcoin-like deflationary monetary policy and the announcement of Grayscale ETCG Investment Fund, ETC price started climbing upwards and breached $20 for the first time in June 2017. Its next noteworthy surge came during the crypto boom of 2018, when ETC price reached $43.76 on Jan. 13, 2018. However, it retraced to under $20 within a month and continued its fall further after a brief spike in February, trading well under $10 by Q3, 2018. It closed that year at around $5. 

The ETC price remained mostly below $10 for a little over two years, and showed some signs of revival only around February 2021, amid a market-wide bull run. It went on to record its all-time high of nearly $180 on May 6, 2021. A corrective phase followed and ETC coin was trading in the vicinity of $50 within a month. It stayed within the range of $40 to $70 for the remainder of the year, closing 2021 at a market value of $35. ETC price carried its poor form into 2022, trading mostly under $30 until the end of Q1, when it briefly surged yet again, to breach $50 towards the end of March 2022, but only to lose its ground amidst bearish pressure, and crashing to below $20 in June, 2022.

How ETC works

After the Ethereum hard fork, Ethereum Classic retained most of Ethereum’s original architecture and technical features and continued using the Ethereum Virtual Machine (EVM). Its blockchain is still account-based, comprising ‘contract accounts’ operated through a code (for automatic transaction executions), and ‘external accounts’ which are managed through private keys. The former are referred to as smart contracts, which allow for the creation of decentralized applications (DApps). One of the main aims of Ethereum Classic is to always enable censorship-free execution of such smart contracts. 

Ethereum Classic works based on Proof-of-Work consensus mechanism and uses an upgraded version of ETHash algorithm, called ETCHash. In 2020, after Ethereum’s DAG (Directed Acyclic Graph) exceeded 4GB, Ethereum Classic tweaked the ETHash algorithm to make sure that even GPUs with 4GB memory could continue mining ETC, at least until around mid-2025. Ethereum Classic’s block generation time is 15 seconds and miners are given a block reward of 2.56 ETC per block.

ETC, the native coin of Ethereum Classic, is used to pay for using its computational resources. As in Ethereum, one needs to pay gas fees for the execution of smart contract functions and coin transactions. However, in this case, these fees are paid in ETC coins. This payment goes to miners who validate transactions, perform smart contract computations and add new blocks to the chain. Besides being a payment mechanism for blockchain transactions, ETC, owing to its deflationary nature, is also used as a store of value.

ETC news, updates and highlights

The biggest ETC news to date remains how Ethereum Classic came into being in July 2016. The DAO attack and the entire episode led to the creation of two factions amongst Ethereum followers, with purists siding with the idea of retaining the original chain, thus birthing Ethereum Classic; and the other section going on to create what is popularly known as Ethereum today.

In more recent ETC news, Ethereum Classic integrated with Multichain, widely considered the leader in cross-chain routing protocols. The bridging solution will enable interoperability for the Ethereum Classic network. As a result, projects belonging to other networks will be able to offer support for and migrate easily to Ethereum Classic. 

Frequently asked questions about ETC

  • Can you mine ETC cryptocurrency?

Yes, since Ethereum Classic is a Proof-of-Work blockchain, you can mine ETC coins using computers and specialized hardware including GPUs.

  • Which are some of the best ETC wallets?

Some of the popular ETC wallets are MetaMask, MyEtherWallet, HTC Exodus, Bitski and Atomic Wallet. You can learn more on this page.

  • What can you do with ETC coins?

You can hold your ETC coins and use them as a long-term store of value. It’s also possible to trade them against other crypto coins on popular exchanges.

  • How can you buy Ethereum Classic coins?

You can buy ETC from various reputed crypto exchanges, by paying in a fiat currency, or with other cryptocurrencies, through trading pairs like ETC/USDT, ETC/XRP, ETC/BTC and ETC/ADA.

Ethereum Classic Price20.7307 USD
Market Rank#22
Market Cap2,904,987,842 USD
24h Volume47,327,279 USD
Circulating Supply140,129,891.41 ETC
Max Supply210,700,000 ETC
Yesterday's Market Cap2,827,874,630.49 USD
Yesterday's Open / Close19.4911 USD / 20.1807 USD
Yesterday's High / Low20.221 USD / 19.4753 USD
Yesterday's Change
0.04% ( 0.6896 USD )
Yesterday's Volume45,517,996.45 USD
Mining Info
Hashing algorithmEtchash
Pools (known)78
Pools Hashrate116.55 TH/s
Network Hashrate125.72 TH/s
By MiningPoolStats
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