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EthereumPoW (ETHW) Price Tanks 20% Despite KuCoin Listing

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New exchange listings typically act as a catalyst for token rallies in the cryptocurrency space. While a similar outcome was expected for EthereumPoW (ETHW) after the Merge, events haven’t panned out as anticipated. 

Despite a listing on KuCoin, ETHW has failed to keep afloat above key support levels, losing over 20% price in a matter of few hours on Monday. 

ETHW is a Layer 1 blockchain that preserves the pre-merge PoW consensus. Amid continued support from ETH miners, Ethereum hard fork token (ETHW), has had its share of social anticipation since the Merge, however, social anticipation has failed to provide a cushion to prices. 

EthereumPoW (ETHW) price heads south

Last week, Ethereum miner Chandler Guo claimed that Ether (ETH) and the new ETHW would have the same USD value in ten years. For now, though, ETHW lost over 20% in the last 24 hours, trading at $9.77 at press time. 

The 2,656 ranked coin had been in a downtrend from Sep. 16 to Sept. 23, but gained quick momentum as macro-market conditions improved. However, at press time, the coin’s price hit further…

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