Ethereum's Upgrades Spark Debate Among Crypto Analysts.
TL;DR
The upcoming Ethereum blockchain's Shanghai upgrade, or "Shapella," has divided crypto analysts on the future of ether's market trends. Some expect a sell-off after the upgrade as users liquidate their holdings, while others believe the expected uptick in selling pressure is already priced in and the market will bounce back in a classic "buy the news" move. The upgrade will allow users to access some $30 billion worth of ether locked in the network since the end of 2020. The LDO governance token of Lido Finance, the largest liquid staking protocol, has gained 26% since the start of the year, while competitor Rocket Pool's RPL has gained 70% since January.
Topics:businesscryptocurrency#buy-the-news#cryptocurrency#ether#ethereum#selling-pressure#shanghai-upgrade
- Crypto Analysts Split on Ether Market Trends After Ethereum's Shanghai Upgrade CoinDesk
- BTC Holds $30K, ETH Slides Before Shapella Upgrade Benzinga
- Ethereum Beacon Chain Has Unrealized Losses Of $4.7B Bitcoinist
- Ethereum’s Shanghai Upgrade: Here’s Our Guide to Watch Parties, Blockchain Tools CoinDesk
- Shapella: How Ethereum's latest upgrade could impact ETH price and ecosystem growth Kitco NEWS
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