OKX recently conducted a survey on the impact of the Shanghai-Capella upgrade on the Ethereum network. The findings of the survey were published on April 7, 2023, showing that a significant majority of survey respondents believe that more Ethereum (ETH) will be staked in the coming months and that the ETH price may reach new record highs. Here are the details…
An important update is coming for Ethereum: What do investors think?
cryptocoin.com As we reported, the upgrade, also known as Shapella in Ethereum, is scheduled to take place on April 12, 2023. One of the most important features of the upgrade is that it will allow the withdrawal of staked ETH. This caused a great stir among investors and traders in the Ethereum community. The survey conducted by OKX included 700 ETH traders, investors and network developers who attended the ETH Denver conference from March 1-5, 2023. The main findings of the survey can be summarized with the following items:
- 83% of respondents expect more ETH to be staked in the next three months.
- 63% of respondents predict that ETH will reach a new record high of over USD 5,000 by the end of 2023.
- 79 percent of respondents expect ETH price to react differently to Shapella than Merge.
- 59 percent think it will continue to rise before and after raising.
- 20 percent believe ETH will move sideways.
- 33 percent of respondents think that by June 2023, ETH will be above the last six-month high of $2,000, but still below the 12-month high of $3,000.
- 34 percent of respondents predict that ETH will be below $2,000, while 33 percent believe it will be at least $3,100 by June 2023.
Staked ETHs ready for withdrawal
Currently, 17.9 million ETH has been staked, which is worth over $34 billion. The rate of return that investors earn on staked ETH is 4.65%, and this figure decreases as the staked ETH pool increases. OKX has announced that it will begin processing withdrawal requests for staked ETH within a week of Shapella’s release, after completing on-chain code audits to ensure customer safety.
OKX is known as the fastest and most reliable crypto trading app for investors and professional traders. Sponsored by English Premier League champions Manchester City FC, McLaren Formula 1, golfer Ian Poulter, Olympic contender Scotty James and F1 driver Daniel Ricciardo, OKX aims to strengthen the fan experience with new funding and engagement opportunities. OKX is also appearing as a partner at the Tribeca Festival as part of its initiative to bring more creators to Web3.
In conclusion, the OKX survey shows that the Ethereum community is optimistic about the future of ETH, especially with the upcoming Shapella upgrade. This could potentially lead to an increase in the number of ETH stakes and a rise in the price of ETH. Investors and traders will be watching the market closely in the coming months to see how these predictions turn out.
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