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The Ethereum token hard fork (ETHW) became increasingly popular after The Merge event of the Ethereum network. This fork is an attempt to keep Ethereum running under its original mechanism, PoW. And the ETHW token is a product of these efforts, Chandler Guo is now known as the organizer of the hard fork, and he shared his thoughts on the platform on which the post-fork token will feature over the next decade.
ETHW has the same value as Ethereum
Guo shared a very optimistic outlook on what he expects as the future of ethereum tokens forked. Currently, ETHW is trading at only a fraction of the price of ETH, but Guo believes this will quickly change.
Guo shared that at some point, ETHW will be on par with ETH. He predicts it will take a decade for ETHW to be traded at the same price as Ethereum. This will cause ETHW to grow more than 100 times over the next year, which Guo believes is possible.
He points to the trading volume of this digital asset as evidence of this accountable growth. “Currently, ETHW’s trading volume is huge. As of today, that’s close to a billion dollars, ” Guo explained. “As of today, ETHW is backed by more than 20 mining pools and 2,000 miners from around the world. More than 30 exchanges have listed ETHW. “
The support ETHW has received since its launch is critical to its growth. And this also reinforces Guo’s assertion. In addition, developments on the network are also increasing such as decentralized exchanges (DEXs), bridges, and NFT markets.
Ethw price is down more than 70%.
Ethw’s price was trading at $15 when it first launched. However, maintaining that price is a difficult task for ETHW. It lost more than 50% of its value just days after its launch.
Mainly, this is due to the dumping of tokens by ETH holders who have received them for free. Therefore, it is expected that the value of this digital asset will decline quite quickly, as is the case with most other forked tokens.
However, Guo’s stance on ETHW’s futures price will do what other forked tokens cannot, and that is consistent with the price of the original ETHW. However, this digital asset needs to maintain its value in the current bear market.
ETHW is currently trading at $6.20 at the time of this writing and is up 8.18% over the past 24 hours.
See also: Why does Cardano (ADA) remain green when the market is constantly “bleeding”?
