- Ethereum’s hard fork, EthereumPOW after undergoing massive price plunge since its inception, has rebounded significantly
- The price may maintain an upward trajectory but may not sustain for long as the volume has dried up notably
The recently forked token from Ethereum, EthereumPOW has gained mainstream attention with a huge 35% rally. While the market witnessed some relief from the bearish pressure, the ETHPoW rose beyond $7 after rebounding from the lows at around $4.02. The major catalyst for this upswing is the new feature being added to the primitive chain.
In a recent announcement, the EthereumPoW launched a new cross-chain bridge that supports Ethereum(ETH), USD Coin(USDC) & Tether(USDT). As, a result, the price spike by more than 35% since the early trading hours. However, the bridge does not support ETHPoW to the Ethereum network, meaning one cannot convert ETHW tokens to ETH.