Ethereum Classic (ETC) has seen its price settle at $11.69, reflecting a modest decline of 0.2% against the U.S. dollar in the 24-hour period concluding at 8:00 AM ET on January 24th. This valuation translates to approximately 0.00013073 BTC on several prominent exchanges.
With a market capitalization of $1.81 billion, Ethereum Classic has witnessed trading volumes nearing $50.77 million over the last day. Despite its current valuation, the cryptocurrency has experienced a more pronounced decrease of 10.1% over the past week.
For those unfamiliar, Ethereum Classic is a proof-of-work (PoW) cryptocurrency leveraging the EtcHash hashing algorithm. It made its debut on July 30th, 2015. Currently, the total supply of Ethereum Classic stands at 210,700,000 coins, with a circulating supply of 155,251,690 coins.
Investors looking to acquire Ethereum Classic typically cannot purchase it directly with U.S. dollars. Instead, they are advised to first acquire Ethereum or Bitcoin through exchanges such as Coinbase, GDAX, or Changelly. After obtaining these cryptocurrencies, users can then trade them for Ethereum Classic on supported platforms.
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For further details and news, visit Ethereum Classic”s official website at ethereumclassic.org or check out their community on Reddit.
