EthereumPoW core developer Chandler Guo predicts a 100-fold increase in the value of ETHW

According to him, the asset is supported by more than 20 mining pools from around the world

24.09.2022 - 10:25

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What’s new? Chandler Guo, the core developer of the Ethereum fork on the Proof of Work (PoW) consensus algorithm, said that the value of the newly emerged ETHW asset, the native token EthereumPoW, will be equal to that of ETH. Guo expects the value of the asset to increase 100 times in 10 years. In an interview with Bitcoin.com News, Guo noted that Ethereum’s high price is due to the existence of many developers and more than 200 different projects running on the Proof-of-Stake (PoS). However, he added that there are less than 10 projects on the ETHW right now.

Information on Bitcoin.com News

What else does Guo say? In addition to the launch of exchanges and bridges on the new blockchain, ETHW’s daily trading volume has been rising since The Merge. According to CoinGecko on September 24, ETHW’s daily trading volume is about $135 million, but Guo insists the real figure is closer to $1 billion. He added:

“[Already] the trading volume of ETHW is huge. Today it’s almost a billion dollars. [As of today] ETHW [is] supported by more than 20 mining pools, and 2000 miners from around the world. More than 30 exchanges have listed ETHW.”

As of September 24, 09:30 UTC, ETHW is trading at $7,58, up by 23,6% overnight, according to CoinGecko. ETH is trading at $1325, up by 0,24%, according to Binance

On September 20, Binance reported that it had completed its distribution of ETHW tokens. The exchange then added the token to its cryptocurrency conversion tool. Binance Convert allows users to convert ETHW into Binance USD (BUSD) or Tether (USDT) stablecoins.

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