The Ethereum community is counting the days for the "Merge", which is expected to take place on September 19th. According to the developers, moving away from the proof-of-work (PoW) system will make the network much cheaper, faster and more environmentally friendly. It also means that the income stream of miners rewarded with Ethereum for funding the Blockchain will come to an end.
On the other hand, TRON founder Justin Sun said that he will support the Ethereum network. Sun included some statements on the subject in a tweet he shared on Thursday:
"We currently have over 1 million ETH. If the Ethereum hard fork is successful, we will donate some forked ETHW to the ETHW community and developers to build the Ethereum ecosystem."
Justin Sun-backed crypto exchange Poloniex has stated that it supports a fork of Ethereum, currently called EthereumPOW. The Tron-based stablecoin USDD, in which Sun has invested billions, will be the first stablecoin in the EthereumPOW ecosystem, according to a tweet.
Another notable proponent of the hard fork is China-based miner Chandler Guo, who was previously said to have played a role in forking Ethereum to continue Ethereum as Ethereum Classic in 2016. Guo didn't hesitate to address this fact in a tweet he shared earlier this week, expressing himself as follows:
“I forked my ethereum once, I will fork again!”
ETH Price Today
According to CoinGecko data, Ethereum price was recorded as $1.77 at the time of writing, while ETH's last 24-hour trading volume was $11,044,846,291. ETH price is up 5.4% in the last 24 hours. There is a circulating supply of 120 Million ETH coins, with a total supply of 120 Million coins. Binance is currently the most active market for ETH trading.