Should You Buy ETC? Ethereum Classic Supply, Demand and What Moves Its Price
Live page: https://mrnasdog.com/research/etc · checked Oct 21 2026
Supply and demand give Ethereum Classic (ETC) a negative long-run signal today (Oct 21 2026); its score is 4/10.
- Long-run signal: negative (by the law of supply and demand)
- Score: 4/10 — supply 2.5/5, demand 1.5/5
- New supply: +0.59% in 90 days · +2.41% in a year
- Demand: very weak (1.5/5)
- Price drivers: 0 ▲ price up · 3 ▼ price down
ETC supply
Ethereum Classic pays proof-of-work miners in new ETC every block and burns nothing. 960,257 ETC were mined in 90 days, +0.60%, and after the Jul 22 2026 reward cut about +0.59% next.
Over the next 90 days ETC supply changes +0.59%; across a full year, +2.41%. That puts supply at 2.5/5 (moderate), #58 of 101 for new supply.
How strong is Ethereum Classic demand?
People’s appetite for Ethereum Classic is very weak: 1.5/5, ranked #80 of 110.
A deeper ETC demand breakdown is on the page for members.
Price drivers: what can move ETC
Besides supply and demand, we track 3 price drivers for Ethereum Classic: 0 ▲ and 3 ▼ right now.
▼ Grayscale ETC pile
Grayscale’s trust holds about 10.9M ETC, slowly shrinking from fees.
▲ Price up if: Trust becomes an ETF. ▼ Price down if: Trust sells ETC. Now: ▼ down side.
| Date | Grayscale ETCG |
|---|---|
| Sep 30 2025 | 11.1 M ETC |
| Dec 31 2025 | 11 M ETC |
| Mar 31 2026 | 10.9 M ETC |
| Jun 30 2026 | 10.9 M ETC |
Checked Oct 14 2026
▼ Mining power
Mining power fell about a third since Oct 6 2026.
More mining power → price up · Miners leave → price down. Today: the price-down case.
| Date | Network hashrate |
|---|---|
| Jul 31 2026 | 165 TH/s |
| Aug 31 2026 | 186 TH/s |
| Sep 30 2026 | 182 TH/s |
| Oct 21 2026 | 180 TH/s |
Checked Oct 14 2026
▼ Client fight
A rogue node release on Sep 14 2026 split ETC developers.
One agreed upgrade path → price up · Rogue code or split → price down. Today: the price-down case.
| Date | What happened / what is coming |
|---|---|
| Jul 4 2025 | Olympia plan published |
| Dec 8 2025 | New client Fukuii tested |
| Dec 16 2025 | Fee market debate |
| Sep 14 2026 | Rogue v1.13.0 released |
| Sep 15 2026 | Pools roll back |
| Sep 16 2026 | Classix warning report |
| No date yet | Olympia on mainnet (coming) |
Checked Oct 14 2026
Ethereum Classic: buy, sell or hold — questions and answers
Is Ethereum Classic worth buying now?
Based on the law of supply and demand, the long-run signal for Ethereum Classic is negative. As of Oct 21 2026, score 4/10, Ethereum Classic faces +0.59% new supply over 90 days, with demand very weak (1.5/5). Ethereum Classic’s price drivers: 0 ▲ price up, 3 ▼ price down.
Why is Ethereum Classic going down?
All three of its drivers point down (Oct 14 2026). Mining power fell about a third since Oct 6 2026, a rogue node release on Sep 14 2026 split its developers, and Grayscale’s trust of about 10.9M ETC keeps shrinking from fees. That leaves Ethereum Classic’s long-run signal at negative, by supply and demand.
Is Ethereum Classic dead?
Probably not dead, but it looks weak. ETC is still worth about $1.28B today (Oct 14 2026). Demand reads very weak (1.5/5), and its developers are still waiting for Olympia on mainnet, with no date yet. By supply and demand, Ethereum Classic’s long-run signal is negative today.
Is $100 possible for Ethereum Classic?
It would take 12 times today’s value: $100 × Ethereum Classic’s coins in the market = about $15.9B, against $1.27B now (Oct 21 2026). Ethereum Classic’s supply also grows +2.41% in the next year, so every extra coin needs buyers too. By supply and demand, Ethereum Classic’s long-run signal is negative today.
Should I sell my Ethereum Classic now?
Today the signal is negative. Supply and demand would point the other way for Ethereum Classic if new supply keeps arriving (+0.59% in 90 days), or demand falls from very weak, or Grayscale ETC pile and Mining power and Client fight keep pointing down. Next date to watch for Ethereum Classic: No date yet — Olympia on mainnet.
Is Ethereum Classic a good long-term investment?
On our framework Ethereum Classic scores 4/10 (Oct 21 2026), with supply 2.5/5 (moderate) and demand 1.5/5. In the next year Ethereum Classic’s supply changes +2.41%, so the long-run signal reads negative.
What is the best time to invest in Ethereum Classic?
The law of supply and demand points to one window for Ethereum Classic: low new supply, high demand, drivers pointing up. Where Ethereum Classic stands today: +0.59% new supply in 90 days (moderate), demand very weak (1.5/5), drivers 0 ▲ / 3 ▼.
Will Ethereum Classic go up? What could move its price?
Ethereum Classic has 3 price drivers today (0 ▲ price up, 3 ▼ price down). ▼ Grayscale ETC pile: Grayscale’s trust holds about 10.9M ETC, slowly shrinking from fees. ▼ Mining power: Mining power fell about a third since Oct 6 2026. ▼ Client fight: A rogue node release on Sep 14 2026 split ETC developers.
Is Ethereum Classic a better investment than Bitcoin?
Ethereum Classic reads negative at 4/10; Bitcoin reads positive at 8.5/10 (Oct 21 2026). On supply and demand, Ethereum Classic looks weaker than Bitcoin today.
More on Ethereum Classic
- Every ETC unlock and burn, explained: https://mrnasdog.com/research/etc/inflation
- Compare ETC with 100+ coins: https://mrnasdog.com/coins
- The MrNasDog Pressure Framework: https://mrnasdog.com/research/pressure-framework/full
Every answer here applies basic economic theory — the law of supply and demand — to this coin’s data. It is not financial advice.
Original: https://mrnasdog.com/research/etc · Data + explanation only. Not financial advice.