Does Ethereum’s new ETHPoW fork stand a chance? ETHW price falls 65% post-Merge

ETHPoW, a separatist proof-of-work (PoW) blockchain forked from ‘s Merge, went live on Sept. 15. However, the chain suffered technical issues after the launch, which put downward pressure on its ETHW token.

The price of ETHW has dropped by 65% since ETHPoW’s launch to around $14 on Sept. 16, according to CoinMarketCap. At its lowest, the token was changing hands for $9.50.

ETHW price performance in the past seven days. Source: CoinMarketCapETHPoW hashrate as of Sept. 16, 2022. Source: 2miners.com

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