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Ethereum Classic is booming today and has already gained almost 5%

 


Ethereum Classic live price today is just over $33 with a 24-hour trading volume of $630.4 million. Since yesterday, it is up 4.46%. If you want to learn more about Ethereum Classic, including how and where to buy Ethereum Classic, this guide is for you.


What is Ethereum Classic?

Ethereum Classic (ETC) is a hard fork of Ethereum (ETH) launched in July 2016. Its main function is that of a smart contract network with the ability to host and support decentralized applications (DApps).


Since its inception, Ethereum Classic has attempted to differentiate itself from Ethereum, with the technical roadmap of the two networks diverging more and more over time.


Ethereum Classic initially set about preserving the integrity of the existing Ethereum blockchain after a major hacking event resulted in the theft of 3.6 million ETH.


The main goal of Ethereum Classic is to keep the Ethereum blockchain as it was originally without artificially counteracting the DAO hack.


Its appeal was initially aimed at those who disagreed with Ethereum's response, but the legacy network has since garnered a wider fanbase that includes big investors like Barry Silbert, CEO of investment firm Grayscale.


As a voluntary organization, the developers of ETC do not aim to turn the network into a for-profit entity. Users pay transaction fees like Ethereum, and miners collect them based on the work done according to the Proof-of-Work (PoW) mining algorithm.


Unlike Ethereum, Ethereum Classic has no plans to switch to a Proof-of-Stake (PoS) mining algorithm.


Should I Buy Ethereum Classic Today?

Considering how difficult it is to make an accurate cryptocurrency prediction, you should never make decisions affecting your finances before doing in-depth market analysis. Don't invest more than you can afford to lose.


Ethereum Classic Price Prediction

Coin Price is very bullish on ETC price movements. They predict that 1 ETC will trade at $47.53 by the end of this year, $45 by the end of next year and $61 by the end of 2024. It is projected to start 2025 at $68.82 and reach $74.30 by the end of the year.



1 ETC will be worth $85.21 by the end of 2026, rising to $65.28 by the end of the following year. At this point, it will trade for almost double its current value if Coin Price proves correct in its forecast.

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