Ethereum PoW Fork Токенинин баасы өткөн жумада 50% га төмөндөдү

белгиси Ethereum PoW fork has seen its value drop by over 50% in the past week. ETH, on the other hand, has experienced a strong week.

Ethereum’s transition to далил-жылдын устунга has resulted in a few calls for a далил-жылдын иши fork, but the token for this fork does not appear to be doing well. The ETHPoW (IOU) token has seen its price drop by over 50% in less than a week, indicating that there doesn’t seem to be much support for it.

At first, the token appeared to be gaining some steam, but it has clearly lost a lot of its momentum. The token — ETHPoW (IOU) — is now only tradeable on IOU markets and may not be transferable across exchanges. There was a lot of discussion about the fork and the token on social media. But the 51% drop in market value from its all-time high of $141 has doused any hopes.

Meanwhile, the ETH price has been doing very well, jumping nearly 14% in the past week spurred by the positive news regarding the Merge. At the time of press, ETH was valued at $1,910.

Miners are keen on continuing the mining version of Ethereum because it has resulted in a lot of profit for them. The proof-of-stake transition will dent the revenues of many mining entities. Many крипто-компаниялар ошондой эле бөлүнгөн on the proposed PoW fork of Ethereum.

Бирок, EthereumPoW developers are working hard to go ahead with their plan. The group is spearheaded by a Chinese miner leading a team of 60 developers.

Ethereum should see its final merge on the mainnet next month, and the event is a highly anticipated one. It will be one of the biggest developments in Ethereum’s history, and the ETH token’s price has been affected positively by it.

Ethereum co-founder Vitalik Buterin has spoken about the merge and hard fork recently. At the ETH Seoul event, Buterin said that he does not expect a fork to have much of an impact, and so far, that expectation appears to be holding true.

The Merge completed its акыркы сот жараяны on the Goerli testnet a few days ago. The news pushed the price of ETH up by 12.6%.

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