Why is the ETHW increasing by 20% today?

Why is the ETHW increasing by 20% today?

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Ethereum PoW ETHW/USD is up 20% in the last 24 hours, making it the strongest performer on CoinMarketCap’s list of daily gainers.

What happened: At the time of writing, ETHW was trading at $4.73. While apex crypto Bitcoin BTC/USD was $23,557, down 1.46%, ether ETH/USD was trading at $1,644, down 1.72% in the last 24 hours.

See more: Top Indian Apps Giving Bitcoin, NFT Rewards

The increase in ETHW came after speculation binance might list the coin soon.

Another major reason for the pump was after the Beatles announced an EthereumPoW Genesis NFT project to launch an airdrop.

ETHW gained popularity after some market participants advocated another fork of the Ethereum blockchain to preserve it proof of work Consensus when the network transitions to Proof of Stake on Sept 15

Continue reading: Bitcoin, Ethereum and Dogecoin Plunge as Post-Fed Rally Eases: Analyst Says a Break of $25K Looks Difficult for Apex Coin

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