Does ETHW have prospects?
ETHW is the Ethereum public chain that retains the original chain after Ethereum transitioned to POS consensus. It insists on the POW consensus and follows a truly decentralized path, maintaining the spirit of BTC. It is a public chain maintained by miners.
The prospects of ETHW (EthereumPoW) can be analyzed from the following aspects:
Market Demand and Trading Volume: ETHW is traded on multiple trading platforms, such as OKX, Huobi Global, Bitfinex, etc. Trading pairs include ETHW/USDT, ETHW/USD, etc. According to the latest trading data, the trading price of ETHW/USDT is $3.21, with a 24-hour trading volume of $550,000 and a transaction value of $1.76 million. These data indicate that ETHW has a certain level of trading activity in the market.
Price Fluctuation: The price of ETHW has fluctuated in the past 24 hours, reaching a high of $3.248 and a low of $3.079. The total market capitalization is $349 million, with a circulating supply of 108 million coins. Price fluctuations reflect the market's recognition of its value, but attention should also be paid to its long-term stability.
Technical Characteristics and Community Support: ETHW is based on the proof-of-work (PoW) version of Ethereum, which differs from the proof-of-stake (PoS) version of the Ethereum mainnet (ETH). Although ETHW and ETH have technical differences, community support and user base may affect its future development. Currently, there is a high level of recognition among miners, mainly converted from original ETH miners.
Investment Risks: Investing in any cryptocurrency carries risks, including market volatility, regulatory policy changes, and other factors. Investors need to cautiously assess risks and implement risk management.
Investment Suggestions:
Long-term Holding: For long-term investors, focus on the fundamentals and technological development of ETHW, and choose the right entry timing. Trading can be done appropriately; compared to ETH's market capitalization, there is significant upside potential.
Short-term Trading: For short-term traders, attention can be paid to price fluctuations, utilizing technical analysis for trading decisions.
Overall, ETHW's market capitalization is much lower compared to ETH, with significant upside potential. It can be monitored in the long term, and the future development of ETHW depends on various factors such as its technological development, market demand, and community support. Investors should consider comprehensively and invest rationally.
