Ethereum Classic Profile

ETC
 Crypto
  

USD 19.23  0.62  3.12%   

Market Performance
0 of 100
Odds Of Distress
Less than 36
Ethereum Classic is trading at 19.23 as of the 5th of December 2022, a -3.12 percent decrease since the beginning of the trading day. Ethereum Classic has about a 36 percent probability of financial distress in the next few years of operation and has generated negative returns over the last 90 days. Cryptocurrency ratings for Ethereum Classic are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 5th of November 2022 and ending today, the 5th of December 2022. Click here to learn more.
Ethereum Classic is peer-to-peer digital currency powered by the Blockchain technology. Ethereum Crypto Coin refers to a decentralized open-source and blockchain-based distributed crypto currency platform running smart contracts. It was formed in 2016 following a hack on the network which resulted in the split of the original Ethereum blockchain. ETC is the original Ethereum, while Ethereum became the newer blockchain. ETC uses the smart contracts contained in its distributed ledger or blockchain that offers decentralized governance. Smart contracts are self-executing autonomous digital applications capable of running as programmed. They are based on the principle of "Code is Law". A local example of smart contracts is the automated teller machines (ATM). More on Ethereum Classic

Moving together with Ethereum Classic

+0.68BTCBitcoinPairCorr
+0.66XMRMoneroPairCorr
Ethereum Classic is an online market maker for p-2-p internet money denominated as Cryptocurrency. Ethereum Classic has been active in the last 3 months, and it is presently trading with a bearish sentiment. Cryptocurrencies such as Ethereum Classic are digital assets that allow for secure payments and are represented by ledger entries internal to the system, generally referred to as a blockchain. Blockchain implementations use encryption algorithms and cryptographic techniques that safeguard entries in the ledger. Cryptocurrency assets such as Ethereum Classic are becoming very popular among investors and have been praised for their portability, inflation resistance, and transparency. However, they face a lot of criticism, including lack of tax regulations, exchange rate volatility, and infrastructure vulnerabilities.

Ethereum Classic Crypto Coin Highlights

Most cryptocurrency investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend or investor sentiment. Ethereum Classic's investment highlights are automatically generated signals that are significant enough to complement your investing judgment regarding Ethereum Classic or challenge it. These highlights can help you better understand the crypto position you are entering and avoid costly mistakes.
Ethereum Classic generated a negative expected return over the last 90 days
Ethereum Classic has high historical volatility and very poor performance
Ethereum Classic is one of many evolving digital currencies in which encryption is used to regulate the generation of units of currency and verify the transactions independently of a central authority. It is traded on 35 exchanges in multiple currencies. Ethereum Classic is an attempt at keeping the Ethereum blockchain unaltered by the part of the community that opposed the hard fork and the return of The DAO funds. It started trading on Poloniex and is getting more and more traction.The Ethereum Classic mission statement is:"We believe in decentralized, censorship-resistant, permissionless blockchains. We believe in the original vision of Ethereum as a world computer you can't shut down, running irreversible smart contracts. We believe in a strong separation of concerns, where system forks are only possible in order to correct actual platform bugs, not to bail out failed contracts and special interests. We believe in censorship-resistant platform that can be actually trusted - by anyone."Our block explorer data: total coins supply, total network hash rate, last block number and total difficulty are freely provided by https://gastracker.io/In 2017, the Die Hard fork was implemented in ETC, removing the Ethereum difficulty bomb. Currently, there are no plans to move to Proof of Stake like Ethereum, although developers at the IOHK institute are developing a new PoS protocol for Ethereum Classic.Ethereum Classic has undergone a network upgrade code-named Magneto. Magneto is inclusive of the Ethereum Berlin upgrade which contains a series of EIPs optimizing gas and transactions which have implied security enhancements important for the network.After a series of 51% attacks on the Ethereum Classic network in 2020, a change to the underlying Ethash mining algorithm was considered by the community to prevent being a minority proof-of-work chain in the Ethash mining algorithm where Ethereum is dominating the hashrate. This modified Ethash is also referred to as EtcHash or Thanos upgrade.Etchash is a heavyweight PoW algorithm used by Ethereum Classic. It uses the DAG file that is loaded into GPU memory at the moment of miner launch. An epoch change takes place every 60000 blocks and leads to an increase in size of the DAG file by 8 MB.
AlgorithmEtcHash
Coin TypeEthereum Classic
Proof TypePoW
IndustryBlockchain-Specific Application
FINMAPayment,Utility
FCAExchange,Utility
AccessPermissionless
Collateralized AssetNo
SymbolETC
Difficulty1,753.64 Trillion
RatingC+
Technology Adoption RatingB-
Market Performance RatingD+
NameETC
Sponsoredfalse
Block Reward2.4832
Block Time13.3039
Is Tradingtrue
Algorithm Typeetchash
Net Hashes Per Second132.26 Trillion
Asset Launch Date2016-07-23
Full NameEthereum Classic (ETC)
Asset Website Urlhttp://www.ethereumclassic.org
Block Number16.46 Million
Platform Typeblockchain
Coin NameEthereum Classic
Total Coins Mined134.56 Million
Ethereum Classic (ETC) is traded on CRYPTO Exchanges. Ethereum Classic is peer-to-peer digital currency powered by the Blockchain technology.

Ethereum Classic's Exchanges and Markets

EXX FCoin ZBG Coinbase Bit2C Kraken Poloniex IQFinex ABCC BitMart Binance Braziliex Korbit DigiFinex CoinBene Coincheck BCEX Bithumb BTCMarkets LBank Liquid RightBTC HitBTC Bitfinex Yobit ZB Catex Kucoin Exmo Coinone Bibox CBX CoinEx Tokenomy BigONE

Ethereum Classic Target Price Odds Analysis

What are Ethereum Classic's target price odds to finish over the current price? Depending on a normal probability distribution, the odds of Ethereum Classic jumping above the current price in 90 days from now is about 87.26%. The Ethereum Classic probability density function shows the probability of Ethereum Classic crypto coin to fall within a particular range of prices over 90 days. Assuming the 90 days trading horizon Ethereum Classic has a beta of -0.1291 suggesting as returns on benchmark increase, returns on holding Ethereum Classic are expected to decrease at a much lower rate. During the bear market, however, Ethereum Classic is likely to outperform the market. Additionally, the company has a negative alpha, implying that the risk taken by holding this instrument is not justified. Ethereum Classic is significantly underperforming NYSE Composite.
  Odds Below 19.23HorizonTargetOdds Above 19.23
12.70%90 days
 19.23 
87.26%
Based on a normal probability distribution, the odds of Ethereum Classic to move above the current price in 90 days from now is about 87.26 (This Ethereum Classic probability density function shows the probability of Ethereum Crypto Coin to fall within a particular range of prices over 90 days) .

Ethereum Classic Risk Profiles

Investors will always prefer to have the highest possible return on investment while minimizing volatility. Ethereum Classic market risk premium is the additional return an investor will receive from holding Ethereum Classic long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Ethereum Classic. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although Ethereum Classic's alpha and beta are two of the key measurements used to evaluate Ethereum Classic's performance over the market, the standard measures of volatility play an important role as well.

Ethereum Classic Technical Analysis

When it comes to investing in cryptocurrency, such as Ethereum Classic, the assumption holds that everything in the market that could affect the price of crypto is already reflected. Therefore, the price of Ethereum Classic, which is currently traded at 19.23, shows everything you need to know about Ethereum Classic market value. You don't have to consider the fundamental factors that affect a crypto asset, such as Ethereum, to determine its price movements. However, the Ethereum Classic's price action will always exhibit trends, even in random market movements, regardless of the timeframe you use - so Ethereum Classic's future price movement is more likely to follow an established trend and the cryptocurrency technical analysis is one of the ways to project Ethereum Classic's future price trend
Transformation
The output start index for this execution was zero with a total number of output elements of sixty-one. Ethereum Classic Price Floor Movement function is a real number to the smallest following price integer.
.

Ethereum Classic Against Markets

Picking the right benchmark for Ethereum Classic crypto coin is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Ethereum Classic crypto coin price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Ethereum Classic is critical whether you are bullish or bearish towards Ethereum Classic at a given time.

Be your own crypto manager

Our tools can tell you how much better you can do entering a position in Ethereum Classic without increasing your portfolio risk or giving up the expected return. As an individual cryptocurrency investor, you need to find a reliable way to track the performance of all your tokens in a consistent way. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall cryptocurrency portfolio.

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How to invest in Ethereum Classic

You need to understand the risk of getting into digital currencies such as ETC before investing. The dangers of trading cryptocurrencies are mainly related to their volatility. They are high-risk, speculative, susceptible to errors and hacking, mostly unregulated, and can be affected by forks or other discontinuation events. As an investor, you must understand these perils before you start trading. You can get a long position in Ethereum Classic in four ways:

Buy ETC through an exchange

Get yourself a crypto wallet before embarking on your Ethereum Classic journey. Crypto wallets exist as desktop applications, mobile apps, or websites, allowing you to secure your tokens or digital coins. Your crypto wallet stores the private keys to your tokens on the blockchain. Once you have a wallet, visit a reputable exchange and sign up for an account. You will need to complete the KYC process to be allowed to purchase Ethereum Classic. But before you can buy the tokens, you have to provide a photo of your ID and proof of address, as well as a selfie. The platform will also require you to secure your account with 2FA before you can fund your account and buy the digital coins.

Purchase fractions of Ethereum Classic through an exchange

You don't have to buy a full token when starting out since ETC is divisible by several decimal places. This allows you to purchase tiny fractions worth cents, but because of network fees, most platforms have a minimum figure, such as $10. You can then build your portfolio with time as you gain more confidence and learn the ropes of crypto trading.

Trade Ethereum Classic through a broker

If you don't want to store your Ethereum Crypto Coin yourself for one reason or another, you can still trade through a broker. Brokers hold your tokens and trade frequently to generate profits. In addition, many brokerage platforms offer derivative products, such as contracts for difference, that enable you to speculate on price movements. Such products also allow brokers to accommodate leverage trading, potentially multiplying your profits.

Invest in ETC through an exchange-traded fund (ETF)

You can also invest in ETC through an exchange-traded fund (ETF). This instrument helps track an asset or select assets. You can buy and sell them on stock exchanges, making them the best option for an average investor. Some ETFs may comprise several coins to spread risk across a portfolio. Such ETFs are created and controlled by picking a basket with several coins, while favoring those that have performed well in the recent past.

Investing Ideas

In addition to having Ethereum Classic in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.

Thematic Opportunities

Explore Investment Opportunities

Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.
Explore Thematic Ideas
Explore Investing Ideas  
Continue to Investing Opportunities. You can also try Commodity Channel Index module to use Commodity Channel Index to analyze current equity momentum.

Other Tools for Ethereum Crypto Coin

When running Ethereum Classic price analysis, check to measure Ethereum Classic's coin volatility and technical momentum indicators. We have many different tools that can be utilized to determine how healthy Ethereum Classic is operating at the current time. Most of Ethereum Classic's value examination focuses on studying past and present price actions to predict the probability of Ethereum Classic's future price movements. You can analyze the coin against its peers and the financial market as a whole to determine factors that move Ethereum Classic's coin price. Additionally, you may evaluate how adding Ethereum Classic to your portfolios can decrease your overall portfolio volatility.
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