NewsletterList Of Major Crypto Exchanges Supporting ETHW: Ethereum Forked Tokens
After the successful completion of The Ethereum Merge, it is now time to see if any hard fork ETHW will be successful. The Ethereum miner community has for a long time been determined to launch new hard forked tokens post The Merge. But if the forked tokens would receive support from the community remains to be seen. Currently, the price of Ethereum proof of work forked token ETHW is dropping consistently. Several crypto exchanges and mining pools have already announced their support to the forked tokens like ETHW. However, this is subject to the success of the ETHW chain.
In the last 24 hours, the ETHW price dropped by a staggering 52%. As of writing, ETHW price stands at $9.20, according to price tracking platform CoinMarketCap. This is in compared with the pre-Merge price level of $60.80. On the other side, even Ethereum (ETH) price did not have any positive impact from The Merge upgrade. As of writing ETH price stands at $1,429, down 4.77% in the last 24 hours.
Binance Warns Of Potential ETHW Failure
Crypto exchange Binance said it is supporting ETHW on the condition of successful implementation of the ETHW chain. The forked token will not be supported if the chain does not turn out to be successful, it warned in a blog. The exchange said it could take around one week to fulfil the crediting of ETHW tokens to eligible Binance customers.
“In order to credit eligible customers with ETHW, the process will take approximately one week to complete. In the event that Binance.US deems the ETHW chain unsuccessful, ETHW will not be supported.”
Support For ETHW
Some of the top cryptocurrencies have launched sport trading for the forked token ETHW. Among the exchanges are FTX and Bybit. Also, some of the major Ethereum mining pools are expected to support the ETHW token. Among the mining pools supporting ETHW mining are F2Pool, Poolin, BTC.com and Nanopool.
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more… to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Premium Partners
Delivered every day.
- Insights that move markets
- 100,000 active subscribers
Related Articles
- Expert Raoul Pal Reveals Crypto Market Outlook as Government Shutdown Ends
- Bitcoin Price Falls Below $100k Despite U.S. Government Reopening
- 21Shares Launches Crypto Market Index ETFs, Tracking Bitcoin, Ethereum, Solana, Dogecoin
- Michael Saylor Predicts Bitcoin Will Overtake Gold’s Market Cap by 2035
- Breaking: Canary’s Spot XRP ETF (XRPC) Goes Live on Nasdaq
- Is Shiba Inu Price Set for Recovery Amid Partnership with Unity Nodes to Expand SHIB Utility?
- Top 3 Reasons Pi Network Price May Surge Despite the Incoming Token Unlock
- Solana Price Gears Up to $180 as DApp Revenue and DEX Volume Surge
- Cardano Price Rare Pattern Points to a 55% Crash as Key DeFi Metric Plunges
- Is Dogecoin Price Set for a Rally After 4.72 B $DOGE Whale Accumulation?
- XRP Price Shows Early Signs of Recovery Ahead of the First U.S. XRP ETF Debut—Rally Ahead?
