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Ethereum Fork Token Sees 20% Rally, Beating Bitcoin On Rumors Of Potential Binance Listing

Published 03/02/2023, 06:15
Updated 03/02/2023, 07:40
©  Reuters Ethereum Fork Token Sees 20% Rally, Beating Bitcoin On Rumors Of Potential Binance Listing
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Benzinga - Ethereum PoW (CRYPTO: ETHW) is soaring 20% in the last 24 hours, making it the highest performer on CoinMarketCap’s daily gainers’ list.

What Happened: At the time of writing, ETHW was trading at $4.73. While apex crypto Bitcoin (CRYPTO: BTC) was at $23,557, down 1.46%, Ethereum (CRYPTO: ETH) was trading at at $1,644, down 1.72% in the last 24 hours.

See More: Top Indian Apps That Give Bitcoin, NFT Rewards

The rise in ETHW came after speculation that Binance might list the coin soon.

Another major reason for the pump was after the Beatles an EthereumPoW Genesis NFT project said it is launching an airdrop.

ETHW gained popularity after some market participants advocated for another fork of the Ethereum blockchain to maintain the Proof-of-Work consensus as the network transitions to Proof-of-Stake on Sept. 15.

Read Next: Bitcoin, Ethereum, Dogecoin Slump As Post-Fed Rally Fades: Analyst Says Breaching $25K Looks Difficult For Apex Coin

© 2023 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Read the original article on Benzinga

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