ETHW is one of the worst crypto of all time. Its poor performance is due to the lack of developper, free airdropped coin and high inflation. Since the merge 570 000 ethereum proof of work were minted, that a strong selling pressure on a crypto without buyers. Binance will not list it because coinbase have more than 10m free ethw coins and will be dumped on if they list.
The airdrop was done poorly keeping large exchange holdings ethereum on board, generally speaking airdrop projects blacklist large entities to not being taked as hostage and let users get their share by withdrawing their coins on their wallets.
Miners mining it at loss would not keep on mining and will migrate to better project like raven coin and etc.
If it breaks its last support it can go to 3.4 and then to zero, because at this point this project will be deserted.
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