What is Ethereum Classic?
Ethereum Classic (ETC) is a Layer-1 blockchain network currently ranked 45th by market capitalization across all crypto assets we track. As a Layer-1 network, ETC provides settlement, consensus, and computation for a wider ecosystem of applications. The token plays a dual role: paying for transaction fees, and acting as the economic incentive securing the network.
Market position
At the current price of $8.89, Ethereum Classic carries a market capitalization of $1.37B. Daily trading volume across exchanges sits at roughly $66.02M. That works out to a 24-hour turnover of about 4.83% of the float — consistent with healthy market activity for a mid-to-large cap asset.
Price action across timeframes
Over the past 24 hours, Ethereum Classic has moved -1.43%; over the past week, Ethereum Classic has moved -4.07%; over the past 30 days, Ethereum Classic has moved ++7.03%; over the past year, Ethereum Classic has moved -52.44%. The trend reads as broadly negative across timeframes — short-, mid-, and long-term momentum align downward.
Cycle position
Ethereum Classic is currently trading far below its all-time high (all-time high of $167.08, -94.7% from peak). Late-stage capitulation territory — the riskiest end of the cycle but historically the highest-reward. From its all-time low of $4.81, current pricing represents a +85% recovery.
Supply & dilution
The circulating supply stands at 156,559,602 ETC. Roughly 74.3% of the maximum supply has been issued — meaningful dilution still ahead via emissions, vesting unlocks, or staking rewards.
Volatility profile
Recent price action puts Ethereum Classic in the Low-volatility bucket. The asset has been relatively stable, with moves typical of large-cap, mature assets. Over the past 30 days, the 30-day move totals +7.03%, which traders should weigh against position sizing and stop-loss placement.
How to evaluate Ethereum Classic
A balanced read on ETC typically considers three lenses:
- Network & on-chain activity — does usage justify the valuation? Live activity (above) should ideally trend up over time.
- Cycle position — current price relative to ATH (above) sets the risk/reward asymmetry. Closer to ATL is mathematically lower downside; closer to ATH is higher downside.
- Comparable assets — how is ETC performing against the broader crypto market (BTC, total market cap) and against peers in the same sector? The benchmarks chart on this page shows this directly.
This page combines live market data, on-chain stats where available, exchange-by-exchange volume, and our forecast model so you can answer those three questions in one place. Nothing on this page is investment advice — it's a structured starting point for your own due diligence.
Project description
Ethereum Classic (ETC) is a decentralized blockchain platform that enables smart contracts and decentralized applications, originating from a split of the original Ethereum network in 2016. It maintains the original Ethereum blockchain's principles, promoting immutability and resistance to censorship. Source: CoinPaprika.com