Ethereum Classic
ETCWhat is The CoinDesk 20?
The CoinDesk 20 filters from the larger universe of thousands of cryptocurrencies and digital assets to define a core group of 20.
These assets constitute roughly 99% of the market by volume at eight of the largest and most trustworthy exchanges.
Price
$6.98
24 Hour % Change
-5.37%
Market Cap
$873.48M
Volume (24h)
$726.47M
USD
Linear
Log
to
Key metrics
24 Hour Low
$6.65
24 Hour High
$7.47
Net change
$-0.394875
24 Hour Open
$7.36
All time high
$44.34
Total Supply
125.16M
Returns (24H)
-5.37%
Returns (YTD)
21.03%
Volatility (30d)
1.58
Transaction Count (24h)
19,973
Average Transaction Fee (24h)
$0.002172
Value Transacted (24h)
$8.13M
About Ethereum Classic
Category
Software Platform
Value proposition
Global computer
Ethereum Classic, like ethereum, supports smart contracts and decentralized applications (dapps). It originated from a contentious hard fork of the ethereum blockchain that took place in 2016. Following the creation that year of a decentralized autonomous organization, dubbed The DAO, atop the Ethereum blockchain, hackers managed to exploit vulnerabilities and stole about $60 million of ether. After much debate, the Ethereum network’s code was altered to return the lost funds to investors. But some ethereum nodes objected to the fork on the grounds that it would mean that the blockchain would not be immutable, among other reasons, and decided that they would not run the updated software. These nodes continued to run and mine the pre-fork version of the ethereum blockchain, and it’s now known as ethereum classic.
Disclaimer
Any data, text or other content on this page is provided as general market information and not as investment advice. Past performance is not necessarily an indicator of future results. CoinDesk is an independently managed media company, wholly owned by the Digital Currency Group, which invests in cryptocurrencies and blockchain startups. DCG has no operational input into the selection or curation of CoinDesk content in all its forms.
Foundations - Consensus: Distributed
May 13, 2020
May 13, 2020
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Bitcoin slipped below $18,000 again Thursday as ether’s volatility in 2020 shows a different dynamic.
Bitcoin fell below $18,000 Wednesday while DeFi closing in on $15 billion locked may have more to do with price than actual cryptocurrency parked there.
Bitcoin’s price is in a tight range Thursday while some investors are moving into ether.
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Bitcoin is testing $19,000 as DeFi hits another milestone in total crypto locked.
