Mathisen Marketing

Your Marketing Blog

Ethereum Offshoot Coin ETHW Plunges 60% Since Start of Trading: Details

Ethereum Offshoot Coin ETHW Plunges 60% Since Start of Trading: Details

As an affiliate, we may earn from qualifying purchases. We get commissions for purchases made through links on this website.

Receive $10 in Bitcoin when you buy or sell $100 or more on Coinbase! https://mathisenmarketing.com/coinbase

Yuri Molchan

The extra coin received by ETH holders on exchanges after the fork has faced a huge crash since trading started

Disclaimer: The opinion presented here is not Investment advice – it is for information only. It does not necessarily reflect the opinion of U.Today. There are risks associated with every investment and every trade, so you should always do your own research before making any decisions. We don’t recommend investing money you can’t afford to lose.

Bloomberg has reported that the new EthereumPoW (ETHW) token, which represents the chain whose miners and community decided to stick with the Proof-of-Work protocol and not go into the bright future of PoS and the upcoming transition to Ethereum 2.0, has collapsed. about 60 percent since it began trading on Sept. 15 following a hard fork.

It started trading at $33, according to data provided by CoinMarketCap. So far, it has dropped to the $11.93 price line after rising to $60 ATH; the coin’s rank on this platform is currently 2664. Users received ETHW on such major exchanges as FTX, Binance, etc. at a ratio of 1:1.

ETHPoW_004wretg0w4rtdown
Image via CoinMarketCap

The original ETH token has also fallen since the merger and is trading in the $1,445 zone after traders started “selling the news” and dumping ethers.

Advertisements

Kunal Goel, a research analyst at Messar based in India, believes that Ethereum on PoS has not received widespread support from miners, financial institutions and the community at large. He expects it to disappear gradually, along with other forks of Bitcoin and Ethereum – Bitcoin Cash, Bitcoin SV and Ethereum Classic.

Source: https://u.today/ethereum-offshoot-coin-ethw-plunges-60-since-start-of-trading-details

Receive $10 in Bitcoin when you buy or sell $100 or more on Coinbase! https://mathisenmarketing.com/coinbase

Source link

Leave a Reply

Your email address will not be published.

Latest Posts