Ethereum Proof of Work Fork Pumps and Dumps After Merge
EthereumEthereum Proof ng Work Fork Pumps at Dumps Pagkatapos Pagsamahin09 / 15 / 2022Balita ng Ethereum ng Bitcoin While Ethereums long-anticipated Merge seems to have hardly dented its price at the time of the upgrade, one of its speculative offshoots experienced a storm of volatility. Ethereum PoW (ETHW) – an Ethereum hard fork backed by a group of Ethereum miners – soared in value during the upgrade. However, it tanked to all-time lows just hours later. The ETHW Rollercoaster According to live price data from CoinGecko, ETHW rallied from roughly $30 at 21:30 UST on Wednesday to $51.88 just an hour later. The price slowly trickled back down over the early morning hours, during which Ethereums Merge naging opisyal. As of now, the second largest cryptocurrency by market cap uses a proof of stake consensus mechanism, eliminating all energy-intensive mining from the network. ETHW experienced an aggressive dump at roughly 4:30 on Thursday, plunging from $40 to $25 over the next hour. Its only continued to slide after that, trading for just $19.46 at the time of writing – an all-time low. As of now, ETHW value is not based on the trading of an actual cryptocurrency. Rather, its gleaned from trading data on a few select