​​Ethereum PoW token fell by more than 20% in one day The pri | Altcoin Holder

​​Ethereum PoW token fell by more than 20% in one day

The price of the Ethereum PoW (ETHW) hardforward token fell by more than 20% overnight. It fell from $12.19 to $9.66, according to Coingecko. As of Sept. 26 at 4 p.m., the token is trading at $9.8, the cryptocurrency has a market capitalization of about $1.4 billion and a daily trading volume of $237 million.

Since September 15, when Ethereum's core network switched to the PoS protocol and the blockchain's PoW hardfork was launched, the coin's price has dropped from $29 to $4.31 within 5 days. Last weekend, the token showed growth and reached the mark of $13.58, after which it began to decline again.

The new decline occurred despite the fact that one of the largest trading platforms KuCoin announced the listing of the token and the start of trading in pairs to USDT. In a separate announcement, the platform announced that the ETHW/USDT pair had been added to the platform's trading bot.