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LogoutEthereum Classic’s ETC has value as a speculative digital asset that investors may trade, while Ethereum’s ETH is the more genuine and commonly traded. The Chicago Mercantile Exchange (CME) approved the trade of ether futures in early 2021. For such transactions, only bitcoin and ether have been allowed. Futures are contracts with a defined price and maturity date that are based on an underlying security. Ether futures allow investors to trade ether for speculative purposes as well as to hedge a holding in ETH or another cryptocurrency.
We can get a sense of how the investing community feels about ETC vs. ETH by looking at how much capital or investment dollars are invested in each currency. When the market capitalizations of the two cryptos are compared, ETH comes out on top. The market capitalization of a cryptocurrency is determined by multiplying the currency’s price in a fiat currency, such as US dollars, by the number of coins or tokens in circulation.
ETC has 116.3 million coins in circulation and a market valuation of $3.9 billion, but ETH has 115.6 million coins in circulation and a market capitalization of more than $304.9 billion. As of April 27, 2021, ETC is worth $33.65, whereas ETH is worth more than $2,600 per coin.
Despite the fact that both networks provide smart contracts, the aforementioned security issues surrounding ETC will likely drive investors to invest in ETH and use Ethereum’s smart contracts rather than Etherum’s Classic smart contracts.