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Crypto Analysts Split on Ether Market Trends After Ethereum’s Shanghai Upgrade

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Some market observers expect an ether price swoon after the Shanghai or 'Shapella' upgrade while others believe the market will bounce after the event in a classic “buy the news” move. LedesmaLyllah reports

,” is almost here. The backward-incompatible hard fork will allow users to access some $30 billion worth of ether locked in the network since the tail end of 2020.

Henry Elder, head of decentralized finance at Wave Digital Assets, sees the upgrade as a clear “sell the news” event for ether and for governance tokens of liquid staking solutions like Lido, which have been rallying since early January in anticipation of the hard fork. Elder added: “Most withdrawals will probably come from early individual stakers who now want to rotate into liquid staking solutions, and early users of now dominant staking solutions who want to rotate into minority staking solutions to increase decentralization.”

According to Laurent Kssis, a crypto trading adviser at CEC Capital, ether has rallied ahead of the event and could come under pressure upon successful implementation of the upgrade.

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귀하의 의견에 감사드립니다. 귀하의 의견은 검토 후 게시됩니다.

LedesmaLyllah While the Shapella upgrade may cause some fluctuations in the crypto market, MemeGold offers a stable and valuable option with low taxes and promising returns. MemeGoldToken

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LedesmaLyllah 'buy the news' is unlikely around this type of event.

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Similar News:다른 뉴스 소스에서 수집한 이와 유사한 뉴스 기사를 읽을 수도 있습니다.

Bitcoin, Not Ether, Builds Crypto Market Dominance Ahead of Ethereum's Shanghai UpgradeRegulatory concerns and worries of an immediate ether supply boost after the Shanghai upgrade are keeping investors from aggressively bidding up $ETH. reports godbole17 godbole17 The fact that it’s a premined, censored chuck-e-cheese scam token for a platform for a million other scams is probably also a concern I imagine. godbole17 Thanks for the update! godbole17 I am greedy when others are fearful, and I am fearful when others are greedy
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