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Follow the realtime Ethereum Classic (ETC) price

Unlike a stock exchange, cryptocurrencies like Ethereum Classic always have a price. 24 hours a day, 7 days a week. Below you can see the statistics of Ethereum Classic:

The price of Ethereum Classic is determined on online international exchanges. Here, buyers and sellers come together to trade Ethereum Classic. Is the price dropping? Then there is more supply than demand. But if the price increases, the demand is higher than the supply!

The table above shows the 'Return On Investment' of Ethereum Classic. The percentages indicate the return on an investment in ETC, measured from three different moments in time.

Below you can see the historical price of Ethereum Classic. Looking for a specific date? You can adjust the range to your wishes:

Ethereum Classic’s (price) history

For a long time, Ethereum and Ethereum Classic were one and the same coin. Both went their own way in July 2016, but until then they shared the same blockchain.

The very first block of the joint blockchain dates back from 30 July 2015. For a long time it all went well and everyone was at peace, until the famous DAO hack.

DAO is an abbreviation of "Decentralized Autonomous Organization." A fund was set up on the Ethereum blockchain to demonstrate the power of the platform.

Investors could deposit money on the DAO and get a return on DAO's investments. Everyone was allowed to participate in the investment.

In the end, € 133 million was raised in ether. Ether’s value back then was 18 euros. Unfortunately someone found loopholes in the DAO smart contract.

The Ethereum Foundation decided that the code of the smart contract was no longer valid, and that the money that was sent to the DAO needed to be reversed. This decision led to a heated argument in the Ethereum community and ultimately to a hard fork. Ethereum Classic originated from this hard fork. Ethereum Classic follows the old blockchain and Ethereum is a spin-off from this.

• Just after the hard fork on June 20, one ETC was roughly worth 1.20 euros.
• Within two months the price trippeld! The exchange rate on August 2 was 3.22 euros.
• Unfortunately, that didn’t last very long, the all-time low was reached on 30 November. ETC was then only 60 cents.
• The following peaks coincide with the movements in the rest of the crypto market. The price shortly reached 21 euros on 12 June 2017 and on 8 January the currency experienced the absolute high around 40 euros.
• Unfortunately, Ethereum Classic could not escape the overall malaise in the cryptomarket of 2018. The price dropped from 40 euros to 3 euros in December.

What can you expect from the Ethereum Classic price?

Noone is able to predict how the price of a coin will move exactly, but there are a few factors that certainly have an affect on it.

ROI, or Return On Investment. With this you mainly compare the past with the present. Over the years you can keep track of whether your investment has increased in value or not.
Basic news. Keep an eye on the news and announcements around Ethereum Classic. Consider changes to the protocol, for example, hard work is being done on scalability and block sizing. Large news outlets may not write much about ETC, but there are plenty of other channels to follow. Think of news.btcdirect.eu but also special ETC podcasts and twitterers.
Technical analysis. Many investors and analysts rely on technical analysis to make predictions. Does ETC have enough volume? Does ETC show certain trends? You get all that from TA’s.

Only invest an amount that you can afford to lose

Last but not least, we always recommend investing an amount of money that you can afford to lose. In our opinion, investing in cryptocurrencies is one of the most interesting investments you can de, but at the same time it can be risky due to its volatile behaviour.