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Shapella Upgrade

All articles tagged with #shapella upgrade

cryptocurrency2 years ago

Ethereum's Shapella Upgrade Sparks Surge in Staking and Unstaking Activity.

More ETH is currently being staked than withdrawn since the Shapella upgrade on April 12, with the staking volume of 124,000 ETH exceeding the withdrawal volume of 64,800 ETH for the first time. The majority of validators are restaking their unlocked Ether, and some have transferred it to centralized exchanges. The average price of staked ETH is about $2,137, and 22,231 validators have signed up for a complete exit out of 574,624.

via Cointelegraph|
#cryptocurrency#eth-staking#ethereum
cryptocurrency2 years ago

Cryptocurrencies Rally: Bitcoin and Ethereum Hold Strong.

Bitcoin and Ether prices have risen in the past week, with Bitcoin trading at $30,450 and Ether trading at $2,105. Both cryptocurrencies have seen upside follow-through after confirming base breakouts in late March, which are positive intermediate-term developments on their charts. The next major resistance levels for ETH and BTC are roughly $2,400 and $35,900, respectively, targeted over the next several weeks. The Shapella upgrade has brought back validity and credibility to Ethereum, according to Greg Magadini, director of derivatives at crypto analytics firm Amberdata.

via CoinDesk|
#bitcoin#cryptocurrency#cryptocurrency-market
cryptocurrency2 years ago

Ethereum Upgrade Propels Ether Above $2K, Delays Withdrawals.

Ethereum's Ether (ETH) rose above $2,000 a day after the successful completion of the Shapella upgrade, which continued the transformation of the Ethereum network from a proof-of-work (PoW) to a more energy-efficient proof-of-stake (PoS) consensus mechanism. Market observers had diverged over ETH’s price reaction, with some predicting selling pressure would send the price down but others seeing little impact or even an increase in price. Institutional investors are currently waiting to see how the exit queue behaves in the next few weeks and whether liquidity will be sufficient for them to start staking. Meanwhile, Bitcoin (BTC) rose 1.8% for the day to change hands at around $30,375 Thursday afternoon.

via CoinDesk|
#bitcoin#cryptocurrency#ethereum
cryptocurrency2 years ago

Crypto Market Volatility Ahead of Shapella Upgrade and SEC Reassurance

Bitcoin fell below $30,000, while Ether traded just over $1,860, leading the drop among major tokens. Liquid staking tokens, including Lido's IDO governance tokens and Rocket Pool's RPL, also slumped. Traders likely took profits ahead of the U.S. Consumer Price Index for March and the much-awaited Shapella upgrade for the Ethereum network. The upgrade will allow investors to withdraw their ether staked on the Ethereum blockchain, which could prove bullish for ether as staking becomes more accessible to users.

via CoinDesk|
#bitcoin#cryptocurrency#ether
cryptocurrency2 years ago

Ethereum Community Predicts All-Time High in 2023 with Upcoming Shanghai Upgrade.

A survey conducted by OKX, the second biggest global crypto exchange by trading volume, shows that the majority of the Ethereum (ETH) community expects an increase in ETH staking around the time of the Shapella upgrade, with 83% of respondents believing this theory. Additionally, 63% of those surveyed predict that ETH will reach a new record high of over $5,000 by the end of 2023. The survey also highlights the growing popularity of ETH staking, with 17.9 million ETH staked on the Ethereum network as of April 5th, 2023, equivalent to over $34 billion.

via Bitcoinist|
#cryptocurrency#eth-staking#ethereum