If You Invested $1,000 In Ethereum Classic (ETC) After Its Breakup With Ethereum, Here's How Much You'd Have Now

November 9, 2021 5:36 am
Share to Linkedin Share to Twitter Share to Facebook Share to Print License More
If You Invested $1,000 In Ethereum Classic (ETC) After Its Breakup With Ethereum, Here's How Much You'd Have Now

Ethereum Classic (CRYPTO: ETC) is the rebranded legacy chain of the original Ethereum (CRYPTO: ETH) that emerged after a contentious hard fork dating back to 2016.

The Token: ETC came into being alongside ETH on July 20, 2016, and its main function revolves around smart contracts.

While ETH is heading towards a proof-of-stake model, ETC is set to retain a proof-of-work mechanism.

Ethereum Classic has a fixed supply capped at 210 million ETC. Digital Currency Group CEO Barry Silbert is a well-known proponent of ETC. 

ETC is the twenty-ninth largest cryptocurrency by market capitalization. As per CoinMarketCap data, it has a market capitalization of over $8 billion.

The cryptocurrency touched an all-time high of $176.16 in May. At press time it traded 65.3% below that level at $60.78. Over 24 hours, it has spiked 10.40%.

See Also: Ethereum Vs Ethereum Classic 

The Investment: If you invested $1,000 on July 24, 2016, around the time Ethereum and Ethereum Classic parted ways, you would receive nearly 1076.66 ETC as each ETC was valued at $0.93.

Those tokens would have appreciated a whopping 6443.93% at press time and be worth $65,439.28 approximately. 

Had you chosen to invest in the Vitalik Buterin-backed ETH instead, you would have received 78.43 ETH, as ETH traded at $12.75.

Today your ETH investment would be worth $378,196.08 given ETH traded 2.04% higher over 24 hours at $4,822.00. This translates into a gain of 37719.61%.

Read Next: Why Is Ethereum Classic Shooting Higher Today?

Photo: Courtesy of Hamed3289 via Wikimedia

For the latest in financial news, exclusive stories, memes follow Benzinga on Twitter, Facebook & Instagram. For the best interviews, stock market talk & videos, subscribe to Benzinga Podcasts and our YouTube channel.


Related Articles

Why Is Ethereum Classic Shooting Higher Today Even As Bitcoin, Ethereum Turn Laggards?

Why Is Ethereum Classic Shooting Higher Today Even As Bitcoin, Ethereum Turn Laggards?

Ethereum Classic (CRYPTO: ETC) traded 7% higher over 24 hours at $33.29 leading up to the early hours of Wednesday. read more
Shiba Inu Slips To 3rd Spot In Coinbase Volume Rankings As 'Retail Meme Coin Mania Cools Offs;' These Are The 2 Cryptos Outdoing it

Shiba Inu Slips To 3rd Spot In Coinbase Volume Rankings As 'Retail Meme Coin Mania Cools Offs;' These Are The 2 Cryptos Outdoing it

Coinbase Global Inc (NASDAQ: COIN) said Shiba Inu (CRYPTO: SHIB) volumes on its platform are declining as the “retail meme coin mania cools off.” read more
Why Is Ethereum Classic Shooting Higher Today?

Why Is Ethereum Classic Shooting Higher Today?

Ethereum Classic (CRYPTO: ETC) spiked 11.26% to $61.06 over 24 hours leading to press time late Monday. What’s Moving? ETC, a token of a decentralized blockchain-based network, has gained 13.87% over a seven-day trailing period. read more
UPenn's Wharton School To Accept Crypto As Tuition For Blockchain Course

UPenn's Wharton School To Accept Crypto As Tuition For Blockchain Course

Mainstream adoption of cryptocurrencies is growing with each passing day, and the latest organization to hop onto the crypto bandwagon is the Wharton School. read more