Bittime - In the last 24 hours, Ethereum Classic (ETC) trading volume increased by nearly 9%, tripling to $1.5 billion. Retail investors are attracted to ETC because it has unique features and a smaller market capitalization than Ethereum (ETH).
Ethereum Classic Has Pretty Good Profits
Ethereum Classic is in second place with a gain of nearly 9% in the last 24 hours, according to Benzinga Pro data. Even though the SEC issued approval for a spot ETF today, Ethereum is only trading at a premium of 1.56%, which is contrary to expectations.
In the last 24 hours, ETC trading volume more than tripled to over $1.5 billion. In contrast, Ethereum trading volume only increased by 85%. However, due to the higher market capitalization, the total volume is still much larger.
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Difference Between Ethereum Classic and Ethereum
Due to community disputes following the hack of the original Ethereum in 2016, the chain was split into two different blockchains. The immutable chain is called Ethereum Classic, and its token is ETC. The newer chain is called Ethereum as we know it, and its token is ETH.
The Reason for This Second Ethereum Split
Due to disagreements within the community following the hack of the original Ethereum in 2016, the Ethereum Classic chain was created as a hard fork of the original chain. The new chain inherits the name Ethereum as we know it, while the original chain is known as Ethereum Classic.
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Why is Ethereum Classic preferred by investors?
Although the two are very different, many retail investors see ETC as a cheaper option than ETH. Ethereum's market cap of $4.84 billion is just a fraction of Ethereum's $454 billion valuation. Eugene Ng Ah Sio, a famous user of
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Conclusion
Ethereum Classic (ETC), which was formed from the original hard fork of Ethereum after a hack in 2016, attracted retail investors because it was considered cheaper and had features such as short inflation dips.
In the last 24 hours, it has risen rapidly with gains of almost 9% and trading volume has more than tripled, reaching $1.5 billion. Even though its market capitalization is less than Ethereum, some investors consider it a beta version of Ethereum.
How To Buy Ethereum (ETH) With Bittime
You can buy and sell Ethereum (ETH) in an easy and safe way via Bittime. Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti. Ethereum (ETH) is available on Bittime with ETH IDR pairing. To be able to buy ETH IDR tokens on Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet . For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application.
Monitor price chart movements of Bitcoin (BTC), Ethereum (ETH), Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.
Read more:
Solana Is on the Rise: Can It Outperform Bitcoin and Ethereum in 2024?
Differences Between Ethereum Classic (ETC) and Ethereum (ETH) You Should Know
BlockDAG's Bright Future, Ethereum Classic Unwavering, Fantom Stuck?
DISCLAIMER: This article is informational in nature and is not an offer or invitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.
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