Advertisement
AD

Main navigation

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

Advertisement
Fri, 16/09/2022 - 16:06
Ethereum Offshoot Coin ETHW Plunges 60% Since Start of Trading: Details
Cover image via stock.adobe.com

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

Read U.TODAY on
Google News

Bloomberg has reported that the new EthereumPoW (ETHW) token that represents the chain whose miners and community decided to remain on the Proof-of-Work protocol and not to go into the “bright future” with PoS and future transition to Ethereum 2.0 has plummeted by approximately 60 percent since it started trading on September 15 after the hard fork.

Advertisement

It started trading at $33, according to data provided by CoinMarketCap. By now, it has plunged to the $11.93 price line after soaring to the $60 ATH; the coin is currently ranked 2,664 on this platform. Users received ETHW on such major exchanges as FTX, Binance, etc, at a 1:1 ratio.

ETHPoW_004wretg0w4rtdown
Image via CoinMarketCap

The original ETH token has also gone down after the Merge, trading in the $1,445 zone after traders began “selling the news” and dumping their Ethers.

Related

A research analyst from Messari based in India, Kunal Goel, believes that Ethereum on PoS has not received a wide support from miners, financial institutions and community overall. He expects it to gradually fade away, similar to other forks of Bitcoin and Ethereum – Bitcoin Cash, Bitcoin SV and Ethereum Classic.

Advertisement
TopCryptoNewsinYourMailbox
TopCryptoNewsinYourMailbox
Advertisement

Latest Press Releases

Our social media
There's a lot to see there, too

Popular articles

Advertisement
AD