Ethereum POW Tokens Spike by 25% Ahead of Merge After 70% Plunge Previously

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Ethereum PoW token is gaining some traction ahead of Merge, recovering 25% of its price in the last 24 hours

In the last 24 hours, the volatility of the token skyrocketed as the token's value plunged massively previously. ETHPOW lost around 78% of its value after appearing on the cryptocurrency market.In the last 24 hours, ETHPOW gained more than 25% to its value, which might be tied to a belief of traders in the reversal that will take place after the Merge goes live.

Unfortunately, it is hard to tell how things will end up for the Ethereum PoW token as the hashrate from , the second biggest network in the whole industry, is torn apart among alternative networks, Ethereum PoW and those who decided to end mining operations once and for all.Ethereum, on the other hand, remains relatively calm as the coin's price performance is not showing anything exceptional in the last few days, which should not surprise anyone as most funds and retail investors tend to avoid any operations with the asset ahead of a large update.

 

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