Ethereum Fork Token Sees 20% Rally, Beating Bitcoin On Rumors Of Potential Binance Listing

Ethereum PoW (CRYPTO: ETHW) is soaring 20% in the last 24 hours, making it the highest performer on CoinMarketCap’s daily gainers’ list.

What Happened: At the time of writing, ETHW was trading at $4.73. While apex crypto Bitcoin (CRYPTO: BTC) was at $23,557, down 1.46%, Ethereum (CRYPTO: ETH) was trading at at $1,644, down 1.72% in the last 24 hours.

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The rise in ETHW came after speculation that Binance might list the coin soon.

Who's buying up #ETHW as #BTC did a retrace earlier?! Is #binance getting closer th $ETHW listing?! pic.twitter.com/zpqOnd0Nr9

— tametheark (@Betterthanbing) February 2, 2023

$ETHW trading volume is increasing, With binance allowing to top up BEP2, BEP20, people are pouring on Binance because of the possibility of listing on Binance.
The listing of Binance is certain when depositing on the exchange. pic.twitter.com/68uRoBcTBf

— Jesse Crypto (@JesseCryptos) February 2, 2023

Another major reason for the pump was after the Beatles an EthereumPoW Genesis NFT project said it is launching an airdrop.

ETHW gained popularity after some market participants advocated for another fork of the Ethereum blockchain to maintain the Proof-of-Work consensus as the network transitions to Proof-of-Stake on Sept. 15.

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