As of February 2, 2026, Ethereum Classic is priced at $9.55, down 3.23% over the past 24 hours. Its market capitalization stands at $1.48 billion, representing a 0.054% share of the overall cryptocurrency market.
However, over the past 30 days, its price has dropped by more than 23%, indicating significant correction pressure in the current market.
01 Latest Price Snapshot
As of February 2, 2026, Ethereum Classic’s market performance reflects both short-term volatility and ongoing long-term pressure. According to real-time data from Gate, ETC is currently trading at $9.55.
In the last 24 hours, its price reached a high of $9.91 and dipped to a low of $9.19, with fluctuations remaining within a relatively narrow range. The 24-hour trading volume is approximately $5.48 million, indicating market activity at typical recent levels.
From a broader supply perspective, ETC’s circulating supply is 155.36 million coins, matching its total supply, while the maximum supply cap is set at 210.7 million coins. The current circulating supply accounts for roughly 73.74% of the maximum possible supply.
02 Recent Market Performance
Taking a longer-term view, ETC’s price trend has faced challenges across multiple timeframes. Based on Gate’s historical data, ETC fell 16.43% over the past 7 days ending February 2, and posted a cumulative 23.27% decline in the last 30 days.
Looking at the full year, its performance has been even weaker, with a year-over-year drop of 61.73%.
This broad-based decline isn’t an isolated event. During the same period, the total market capitalization of cryptocurrencies has also retreated from recent highs. In this widespread adjustment, ETC’s price has closely tracked overall market sentiment.
Market data shows that ETC’s price has steadily declined from above $13 at the beginning of January 2026.
03 Key Influencing Factors
ETC’s current price trajectory is shaped by several critical factors. First, overall market sentiment is the primary driver. Recently, major cryptocurrencies led by Bitcoin have experienced notable corrections, and this "bellwether" effect inevitably spills over to all crypto assets, including ETC.
Second, its technical architecture presents unique opportunities and challenges. Unlike Ethereum, which has shifted to a proof-of-stake consensus, ETC remains committed to proof-of-work.
For those who favor PoW’s decentralized philosophy and support the miner ecosystem, ETC stands out as a clear choice.
However, the pace of network effects and ecosystem development fundamentally impacts its long-term value. While ETC inherited the original Ethereum chain’s functionality—supporting smart contracts and decentralized applications—its developer community and DApp ecosystem remain smaller and less active compared to Ethereum.
04 Market Forecast and Outlook
Market analysts offer a range of forecasts for ETC’s future price, from conservative to optimistic.
Gate’s platform model projects ETC’s average price in 2026 at around $9.57, with annual fluctuations expected between $9 and $10.43.
Looking further ahead, the forecast suggests that by 2031, ETC’s average price could reach $14.76, representing a potential investment return of approximately +54.00% compared to current levels.
More bullish long-term projections come from other market analysts. For example, Cryptopolitan’s analysis suggests that if the crypto market experiences a macro bull reversal, demand for ETC could rise, with its price potentially reaching a high of $30 in 2026.
Their model even envisions ETC challenging the $105 level by 2032.
| Forecast Year | Lowest Price | Average Price | Highest Price | Data Source |
|---|---|---|---|---|
| 2026 | $9 | $9.57 | $10.43 | Gate |
| 2026 | $5 | $15 | $30 | Cryptopolitan |
| 2031 | $8.85 | $14.76 | $16.97 | Gate |
| 2032 | $67 | $85 | $105 | Cryptopolitan |
It’s important to note that all price forecasts, especially long-term projections, carry significant uncertainty. These are based on market data, model assumptions, and macro expectations at specific points in time. Actual price movements may differ substantially due to regulatory changes, technological breakthroughs, market competition, and global economic conditions.
05 ETC on Gate
For traders interested in ETC, choosing a reliable trading platform is essential. Gate is one of the world’s leading cryptocurrency exchanges, providing a robust liquidity environment for ETC trading.
According to CoinMarketCap data, Gate ranks among the most active exchanges for Ethereum Classic. Within Gate, ETC trading pairs also enjoy strong liquidity rankings.
Users can easily trade ETC on Gate, pairing it with major stablecoins or other cryptocurrencies. The platform’s real-time charts, depth maps, and market data help traders better time their entry and exit points.
Outlook
Bitcoin’s price has retreated from its all-time high to around $77,000, and the overall crypto market lost about $200 billion in capitalization over the past weekend. At this moment, Ethereum Classic is trading at just $9.55—far below its historical peak of $167.09.
Amid intense market volatility, ETC order book depth data on Gate quietly reveals the tug-of-war between buyers and sellers. Some analyst reports forecast that by 2032, ETC’s price could range from $67 to $105.
