As the crypto bear market continues to pull the price of digital assets lower, Ethereum Classic and Ravencoin rely on miners. are losing in two digits
The price of Ethereum Classic is down 23.4% in the week following The Merge. According to CoinGecko, Ethereum Classic dropped from $38.93 on September 15, the day The Merge, down to $29.39 on September 15.daythis
The hashrate of Ethereum Classic increased to 223.32 TH per second on the day of The Merge, up from 58.12 TH the day before. But since then, the hashrate has dropped to 160.32 TH per second, according to the mining site. CoinWarz
While other PoW blockchains such as Ravencoin have also shown similar moves to Ethereum Classic, Ravencoin’s price has dropped 43.1% since The Merge, down from $0.06 on September 15, 2022 to $0.03 today, according to the data. of CoinGecko
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