Ethereum Classic came close to $23.00 during Asian hours on Monday before retracing to $22.00. Th spike proved to be short-lived as fresh sell-orders placed on approach to the psychologically important handle pushed the price back.
Ethereum Classic is on the 17th place by market value (currently, $2.25B), lagging behind ETH. The largest ETC trading volumes are registered at OKEx against USDT, over 20% of the total volume.
Ethereum Classic may gain momentum later in the day ahead of Emerald Wallet release scheduled for today. This project is supposed to become the platform for future decentralized apps (Dapps)
based on Ethereum Classic blockchain. If the launch is successful, Emerald will make ETC more attractive and more actively used.
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