💎 Fed’s first rate cut since 2020 set to trigger market. Find undervalued gems with Fair ValueSee Undervalued Stocks

Here's How Much You'd Have If You Invest $100 In Ethereum Classic Today And It Surges Back To All-Time High

Published 18/07/2022, 10:52
©  Reuters Here's How Much You'd Have If You Invest $100 In Ethereum Classic Today And It Surges Back To All-Time High
ETH/EUR
-
ETC/EUR
-
ETC/USD
-
ETH/USD
-
ETH/USD
-
ETH/EUR
-
ETC/EUR
-
ETH/JPY
-
ETH/GBP
-
ETH/JPY
-
ETC/USD
-
ETC/GBP
-
ETC/JPY
-
ETC
-

Ethereum Classic (ETC) is the inheritor of the original Ethereum blockchain. The cryptocurrency came into being after a contentious hard fork dating back to July 2016.

After the hard fork, Ethereum split into ETC and Ethereum (CRYPTO: ETH). The ETC project describes itself as a “response to contract censorship on sister chain Ethereum” and says it has the “ability to resist censorship against all the odds.”

One of the more well-known ETC bulls is Digital Currency Group CEO Barry Silbert who often talks about the coin in public.

ETC has shot up 44% so far this week and is trading nearly 15% higher over 24 hours at $21.35. The coin was also seen trending among retail investors on Stocktwits at press time.

See Also: Best Crypto Debit Cards

The Investment: Should ETC catch the eye of an investor and they decide to put $100 into the coin, here’s how much they would have if it shot back to its all-time high hit in May 2021.

Investment Date Of Purchase/Listing Purchase Amount Purchase Price Units/Shares Obtained Worth If Coins/Shares Return To ATH Percentage Change
Ethereum Classic (ETC) July 18, 2022 $100 $21.35 4.68 $825.10 725.10%

Should ETC march back to its all-time high of $176.16, which it touched on May 6, 2021, the investor would have gained 725.1% on their $100, which would turn into $825.10.

Read Next: Liquid Ethereum Staking Solution Surges 200% Weekly As Merge Gets Tentative Date

© 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Read the original article on Benzinga

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.