However, at press time, 204,368 transactions were pending approval on the chain.ETHW have been processed on the PoW blockchain since the mainnet launch on 15 September.
Further data from OKLink revealed that total addresses on the network stood at 254,528,549, with 9,104 addresses added in the last 24 hours. Active addresses on the network at press time were 46,616, having logged a 56% decline in the last 24 hours. Furthermore, 86,516,070 addresses currently hold the native token of the chain. The number of addressed witnessed an addition of 798 in the last 24 hours., ETHW exchanged hands at $10.37. Since the mainnet launch two days ago, the price of the forked asset has declined by a massive 234%.In the last 24 hours, ETHW posted a 10% drop in its price. However, within the same period, data from CoinMarketCap revealed a 44% rally in the trading volume of the forked coin.
On a daily chart, the ETHW was significantly oversold. The Relative Strength Index was positioned at 21. The asset’s Money Flow Index was pegged at 14. With a severe decimation to buying pressure, ETHW’s Chaikin Money Flow was pegged at -0.49 as of this writing.The spots occupied by these key indicators point at one thing – a heavy distribution of ETHW.Subscribe to get it daily in your inbox.
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Source: CryptoAmb - 🏆 22. / 68 Read more »