Would you Hodl or sell your EthereumPOW Airdrop ?

If you are a ETH holder you are entitled to receive the EthereumPOW Airdrop.

ETH merge is done and dusted with

Thankfully eth experienced a smooth transition from proof of work POW to POS blockchain.
Thanks to all the testnet trials and experiments the actual main net event went off smoothly and as a result ETH 2.0 is here.

As a result ETH is officially proof of stake (POS) coin.
Its transition marks a new era for the number #2 cryptocurrency by marketcap.

Traders were waiting with baited breaths

At one point there was anticipation that the event may be delayed due talks of lack of decentralization in ETH 2.0

Another thing being talked about was what if the ETH merge is delayed due to a technical snag.
however this did not happen and at the time of writing this post ETH trades at around $1422 a piece.

This is how ETH has performed over a week

ETH being down 5.66% in 24 hours and 16.47% over the last 7 days is perhaps buy on anticipation and sell on news being played out.

Perhaps when these trades are down and the dust settles we may see fresh moves on this counter.

Meanwhile there is some news on the ETH proof of work coin. The news is that some exchanges that the holders of ETH on their platform have been given the EthereumPOW token in the 1:1 ration as airdrop.
CEX.io is one such exchange that has issued the airdrop tokens.

Though The token site for EthereumPOW https://ethereumPOW.org/ has been up and running for a while now however post merge event the token price has taken a beating.

It is down 50% in the last 24 hours and trades at $10.23 per EthereumPOW
This is with a volume of $143,888,084 which has seen a sudden spike of 154.84% in the past 24 hours.

Interestingly there are 254,525,293 wallet address that hold this token and this number is up by 11,291 from the previous 24 hours.
Looks like the process is being done incrementally.

I wonder what happens to the price if everyone dumps these tokens onto the market.

It is a good time to move and trade your ETH pocket change and tokens.

looks like everyone has been holding their ETH trades for a while in anticipation of the big merge event and as a result the gas fees is low.

This creates a great opportunity to move smalls sums of eth to trade or consolidate wallets.
Also if one wants to trade ETH tokens which were nonviable trades due to the high gas fee are now viable trades and a good opportunity to stake them or free some money and consolidate the cryptocurrency portfolios.

What do you think of the EthereumPOW Airdrop ?

Do you think the coin and the blockchain would be a success or a dud ? please let me know as a comment below.

Posted Using LeoFinance ^Beta