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Buy The News

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cryptocurrency2 years ago

Ethereum's Upgrades Spark Debate Among Crypto Analysts.

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.