If you’re looking to buy Ethereum, you might come across two similarly named cryptocurrency blockchain networks: Ethereum and Ethereum Classic. Both have native coins — ETH and ETC, respectively — referred to as “ether,” but their prices and market caps are dramatically different. Ethereum is the most popular option by a large margin.
The Ethereum blockchain went live in 2015, quickly becoming a popular alternative to Bitcoin due to the increased functionality it offered. Ethereum Classic resulted from a programming update to the Ethereum blockchain following a hacking incident in 2016. Today, both blockchains remain operational, but Ethereum’s price and market cap have soared, far outpacing Ethereum Classic.
High. Ethereum is second only to Bitcoin, with a market cap of a little over $215 billion.
Low. ETC is far behind ETH, with a market cap of about $5.1 billion.
High. The price of 1 ETH coin has ranged from $1,040 to $3,700 so far in 2022.
Low. Year to date in…
This article was written by Connor Emmert and originally published on www.nerdwallet.com