Last Updated on October 11, 2022 by Bitfinsider
The Ethereum hard fork token (ETHW) has grown in popularity as a result of the Ethereum Merge. The fork was carried out in an attempt to keep Ethereum’s original proof of work mechanism, and the ETHW token was born as a result. Chandler Guo is now known as the self-appointed hard fork organizer, and he has shared his predictions for where the forked token will be in the next decade.
Guo expressed his belief that ETHW would eventually reach the same level as ETH. He believes it will take a decade for both digital assets to trade at the same price as Ethereum. This would result in a more than 100x increase in the digital asset over the next year, which Guo believes is possible.
He cites the digital asset’s trading volume as evidence of this potential growth. “The trading volume of ETHW is already massive. “It’s now nearly a billion dollars,” Guo explained. “As of today, more than 20 mining pools and 2,000 miners from around the world support ETHW.” ETHW is now available on more than 30 exchanges.”
This support, which ETHW has received since its inception, has been critical to its growth, and it appears to be driving Guo’s predictions. In addition, network development has accelerated in terms of decentralized exchanges (DEXs), bridges, and NFT marketplaces.
Hardware wallets are safe and secure devices that can be used offline. They keep your cryptocurrency offline, making it impossible for you to be hacked. To find out more on the leading hardware wallets, you may view our reviews here: Ledger & Trezor
Disclaimer: The views and opinions expressed by the author, or any people mentioned in this article, are for informational purposes only, and they do not constitute financial, investment, legal, tax or other advice. Investing in or trading cryptocurrency or stocks comes with a risk of financial loss.