The cost of Ethereum cryptocurrency hard fork may increase 100 times

Chandler Guo, the chief developer of the Ethereum fork based on the Proof-of-Work (PoW) consensus algorithm, said that the value of the ETHW asset, the native EthereumPoW token, will be equal to the value of ETH.

Guo expects the asset’s price to grow 100 times in 10 years. In an interview with Bitcoin.com News, Guo noted that the high price of Ethereum is due to the existence of many developers and more than 200 different projects operating on Proof-of-Stake (PoS). He added that less than 10 projects are currently working on ETHW.

In addition to the launch of exchanges and bridges on the new blockchain, the daily trading volume of ETHW has been growing since The Merge, the transition to the green blockchain. According to CoinGecko’s data from September 24, ETHW’s daily trading volume is about $ 135 million, but Guo insists that the real figure is closer to $ 1 billion.

Today, the token was trading at $ 7.58, up 23.6% overnight.