Ethereum Fork Mastermind Says ETHW Will Have The Same Value As ETH | Bitcoinist.com

Bitcoinist

The Ethereum hard fork token (ETHW) has been popular after playing off the popularity of the Ethereum Merge. The fork was carried out in a bid to keep Ethereum in its original proof of work mechanism, and the ETHW token resulted from it. Chandler Guo is now known as the self-appointed organizer of the hard fork and he has shared his thoughts on where he expects the forked token to be in the next decade.

On Par With Ethereum

Speaking with Bitcoin News in a recent interview, Guo shared a very bullish outlook for what he expects to be the future of the forked Ethereum token. Presently, ETHW is only trading at a small fraction of the price of ETH, but Guo believes that this will not always be the case.

How To Get Free Crypto  
5 BTC + 300 Free Spins for new players & 15 BTC + 35.000 Free Spins every month, only at mBitcasino. Play Now!

Guo shared that he believed that with time, ETHW would be on the same level as ETH. He gives it a decade before both digital assets will be trading at the same price as Ethereum. This would put the digital asset on a more than 100x growth over the next year, which Guo believes is possible. 

He points to the trading volume of the digital asset as evidence of this possible growth. “Already, the trading volume of ETHW is huge. Today it’s almost a billion dollars,” Guo explained. “As of today, ETHW is supported by more than 20 mining pools and 2,000 miners from around the world. More than 30 exchanges have listed ETHW.”

BitStarz Player Lands $2,459,124 Record Win! Could you be next big winner?
ETHW trending at $6.4 | Source: ETHWUSD on TradingView.com

This support that ETHW has received since its launch has been very important to its growth, and it seems to be driving Guo’s predictions. Also, development on the network has also been ramping up as far as decentralized exchanges (DEXs), bridges, and NFT marketplaces.

ETHW Price Down More Than 70%.

ETHW’s price had been trading at a high of $15 when it had initially launched. However, holding this value had proven to be a difficult task for the digital asset. It had lost more than 50% of its value just days after its launch.

Coinbase Banner  

Mainly, this was due to the dumping of the tokens by ETH holders who had received them for basically free of charge. Hence, it was expected that the value of the digital asset would drop pretty quickly, as is the case for most forked tokens.

However, Guo’s stance on the future price of the digital asset would mean that ETHW would do what forked tokens have been unable to do, and that is match up to the price of the original token. Nevertheless, the digital asset continues to hold up well in the bear market.

ETHW is currently trading at $6.20 at the time of this writing and is up 8.18% in the last 24 hours.

Featured image from Finbold, charts from TradingView.com

Follow Best Owie on Twitter for market insights, updates, and the occasional funny tweet…

FreeBitcoin Banner  

Go to Source
Author: Best Owie


Recommended Crypto Services, Products and Strategies:

The first thing any crypto investor needs is is a reliable and secure Crypto Wallet.  Whether you’re looking for an online wallet, hardware wallet, desktop or mobile wallet, Crypto Renegade provides you with all the Best Crypto Wallets in each category.

Best Crypto Wallets Banner

When you’re ready to buy more crypto, or exchange your coins for others, Crypto Renegade’s list of the Best Crypto Exchanges has you covered.  The Crypto Exchanges recommended here offer everything from simplicity and convenience to advanced trading platforms and profit sharing. 

Best Crypto Exchanges Banner

If you want to learn more about the methods and tools that can be used to find Great Crypto Projects, then be sure to check out Crypto Renegade’s strategy for How To Find The Best Cryptocurrency.

Crypto Strategy Banner

For those people that don’t have any money to invest right now, or just want to understand the technology a bit more, you’ll definitely want to check out Crypto Renegade’s Free Crypto Strategy and start collecting Free Coins today!

Free Crypto Banner

What do you think about cryptocurrency? Do you have any questions about it? Be sure to leave a comment below.

This site uses Akismet to reduce spam. Learn how your comment data is processed.