Analysis
Strong Performance for Proof of Work Coins

The majority of Proof of Work coins have been demonstrating strong performances on a 7 day scale due to the Merge. Since miners are switching from Ethereum to alternatives that support GPU mining, prices and hashrates of these coins showed a significant increase, the top gainers are Ravencoin +75.9%, BEAM +45.3%, and Firo +33.1%. Some of them, Ethereum Classic and Ergo in particular, had already benefited from this event right after the announcement of the Merge date.
👉 https://cryptorank.io/tags/proof-of-work
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