Market an area or arena, online or offline, in which commercial dealings are conducted. figures seem to indicate that ETHW is not enjoying the expected support the opposite of Resistance, it is a threshold that crypto’s price doesn’t fall below. among enthusiasts and investors. In the meantime, ETH remains above USD $1,800 with just a few weeks to go before the long-awaited network a network refers to all nodes in the operation of a blockchain at any given moment in time. update arrives.
- ETHW has not had the expected results
- Since August 8 to date, it has already lost 62% of its share price.
- The token a digital unit designed with utility in mind, providing access and use of a larger crypto economic system. is traded in Poloniex, and can only be extracted when the hard fork occurs
- ETH remains firm and stays above USD $1,800.
Frente a las expectativas existentes en torno a la llegada de The Merge for Ethereum a decentralized open-source blockchain with smart contracts functionality. and plans for a possible hard fork to maintain a version of the network that continues to work with traditional mining, several exchanges rushed to announce support for the resulting new cryptocurrency, which is already being traded although the asset itself does not yet exist.
This seems to be the case for exchanges such as Poloniex, international cryptocurrency cryptocurrencies are digital currencies that use cryptographic technologies to secure their operation. trading platform a place to buy, sell and store cryptocurrency owned by Justin Sun (the main figure behind the cryptocurrency ecosystem). TRON), which last August 8th started trading the token ETHW in the expectation of many market participants. However, it seems that the enthusiasm has not been felt in its price, since its release at the time of publishing has lost about 62% of its value.
ETHW does not seem to be as successful as expected
This is reflected in the data published by CoinMarketCap , el cual detalla que a esta hora cada unidad de ETHW is trading at around USD $55.16, reflecting a 7.7% drop in the last 24 hours.
It is important to note that this token began to be marketed through Poloniex last August 8th, at the time of its release it opened at around USD $120 per unit. But after reaching a peak near USD $140, from that point began its fall in the coming days, until reaching the aforementioned values.
Among other interesting data we have that, the ETHW token capitalizes a daily trading volume how much cryptocurrency has been traded over a set period, such as the past 24 hours. close refers to the closing price; similar to the same term used in stock trading. to USD $4.6 million in the last 24 hours, which increased by 14.3% throughout the day reflecting a great selling interest associated with the same drop it has been registering.
ETH remains strong
The aforementioned figures contrast sharply with the evolution seen in the price of Ethereum (ETH), which at this hour is at about USD $1,869 per unit, up 1.7% from yesterday’s price.
While ETHW was on a downward trend, last Sunday ETH reached a milestone of over USD $2,000 per unit. Although it failed to maintain that level, analysts and enthusiasts remain expectant about the evolution of the price of the digital digital technologies are these electronic tools that have the ability to generate, store or even process data. currency currency is a medium of exchange that defines value. before the arrival ofThe Merge, the expected update that will bring important changes to the functioning of the network and the cryptocurrency.
Another exchange businesses that allow customers to trade cryptocurrencies for fiat money or other cryptocurrencies. that enabled contracts for futures a futures contract is a standardized legal agreement to buy or sell a particular commodity or asset at a predetermined price at a specified time in the future. of ETHW was BitMEX, which made the corresponding warnings to all interested parties and indicated that it was a purely speculative product, which would depend on whether or not a hard fork to the Ethereum.
Regarding the price differential, an analyst at BitMEX indicated that it was unlikely that ETHW is close to the market value of ETH, pero a pesar de ello expresó optimismo por el hecho de que el token ofrezca oportunidades comerciales para los comerciantes.
ETHW vs Ethereum Classic
Finally, this whole situation associated with ETHW and a possible hard fork has made many in the ecosystem wonder if this won’t be more or less similar to what happened with Ethereum when he was born Ethereum Classic, version of the network that chose to remain intact in spite of what happened toThe DAO decentralized autonomous organization, system of rules that define how a decentralized organization should operate and which actions it should take. in the past.
Although for many the natural choice would be for the miners contributors to a blockchain taking part in the process of mining. They can be professional miners or organizations with large-scale operations, or hobbyists who set up mining rigs at home or in the office. and the community interested in a Ethereum withProof-of-Work poW is a type of consensus algorithm that rewards validators according to the amount of computational power they have expended. migrate to Ethereum Classic, the team behind ETHPoW stressed that this would not be possible, as there are many who do not feel sympathetic to the project and that the network would not be able to support all the hash a hash is the output result of a hashing algorithm, which creates a unique, fixed-length string to encrypt and secure a certain selection of arbitrary data. that the mining a process where blocks are added to a blockchain, verifying transactions. It is also the process through which new bitcoin or some altcoins are created. community would contribute.
Therefore, the idea of the birth of ETHPoW y ETHW seems imminent for those who support this alternative. However, it remains to be seen what will happen in mid-September, by which time it is estimated that it could come into place.The Merge in the main network of Ethereum.
- “The Merge impulsará a Ethereum tanto como un Halving an event in which the total rewards per confirmed block halves. lo hace con Bitcoin”, asegura Arthur Hayes
- “Hard fork to Ethereum’s network is going to be inevitable,” ETHPoW team says
- The Merge Could Come Sooner Than Expected: Tentative Timeline for Ethereum Update
Article by Angel Di Matteo / DiarioBitcoin
Imagen de Unsplash