{"id":1587,"date":"2023-04-17T08:43:47","date_gmt":"2023-04-17T03:13:47","guid":{"rendered":"https:\/\/news.cetoex.com\/?p=1587"},"modified":"2023-04-17T08:43:48","modified_gmt":"2023-04-17T03:13:48","slug":"will-ethereum-shapella-upgrade-lure-large-crypto-adoption","status":"publish","type":"post","link":"https:\/\/news.cetoex.com\/will-ethereum-shapella-upgrade-lure-large-crypto-adoption\/","title":{"rendered":"Will Ethereum Shapella Upgrade Lure Large Crypto Adoption?"},"content":{"rendered":"\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/watcher.guru\/news\/wp-content\/uploads\/2023\/04\/107121064-1663663332274-gettyimages-1243325690-porzycki-celsiusc220918_nptVc-1-800x533.jpeg.webp\" alt=\"Will Ethereum Shapella Upgrade Lure Large Crypto Adoption?\"\/><\/figure>\n\n\n\n<p class=\"has-medium-font-size\"><strong>Cetoex News &#8211; <\/strong>  The current state of the cryptocurrency market is predominantly positive, with many assets experiencing noteworthy gains throughout the week. Ethereum (ETH) saw a significant rise in value thanks to the Shapella development. There were concerns that ETH\u2019s staking protocol could lead to a surge in withdrawals and a drop in value. But, contrary to those expectations, ETH\u2019s value increased and surpassed the $2,000 mark.<\/p>\n\n\n\n<p class=\"has-medium-font-size\">Moreover, the selling pressure seems to be low. This is due to the fact that the Shapella upgrade will not cause a sell-off due to the current state of staked ETH holdings.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/watcher.guru\/news\/wp-content\/uploads\/2023\/04\/image-17-2-1024x768.jpg.webp\" alt=\"\" class=\"wp-image-84747\"\/><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-60-of-all-staked-ethereum-held-at-loss\">60% of all staked Ethereum held at loss<\/h2>\n\n\n\n<p class=\"has-medium-font-size\">According to the latest research report from April 2023, 60% of all staked ETH is held at a loss. These also include the holdings at Lido DAO.<\/p>\n\n\n\n<p class=\"has-medium-font-size\">The possibility of a sell-off is nullified, as approximately 30% of staked ETH is at an average loss of over $1,000. Due to the absence of large gains, the possibility of sell-offs is meager. This is evident from the recent surge after the Shapella upgrade. ETH has risen by over 14% since the upgrade and is trading at\u00a0$2,103 at press time. With the possibility of a sell-off not occurring soon, there is a likelihood for the price to surge.<\/p>\n\n\n\n<p><\/p>\n\n\n\n<p class=\"has-medium-font-size\"><strong>NEWS BY &#8211; CETOEX NEWS <\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Cetoex News &#8211; The current state of the cryptocurrency market is predominantly positive, with many assets experiencing noteworthy gains throughout the week. Ethereum (ETH) saw a significant rise in value&hellip; <\/p>\n","protected":false},"author":1,"featured_media":1588,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rank_math_lock_modified_date":false,"footnotes":""},"categories":[24],"tags":[41,44,106,26,170,36],"class_list":["post-1587","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-alt-coin","tag-cetoex","tag-cetoex-news","tag-crypto","tag-cryptocurrency","tag-eth","tag-ethereum"],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/news.cetoex.com\/wp-content\/uploads\/2023\/04\/107121064-1663663332274-gettyimages-1243325690-porzycki-celsiusc220918_nptVc-1-800x533.jpeg.webp","_links":{"self":[{"href":"https:\/\/news.cetoex.com\/wp-json\/wp\/v2\/posts\/1587"}],"collection":[{"href":"https:\/\/news.cetoex.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/news.cetoex.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/news.cetoex.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/news.cetoex.com\/wp-json\/wp\/v2\/comments?post=1587"}],"version-history":[{"count":1,"href":"https:\/\/news.cetoex.com\/wp-json\/wp\/v2\/posts\/1587\/revisions"}],"predecessor-version":[{"id":1589,"href":"https:\/\/news.cetoex.com\/wp-json\/wp\/v2\/posts\/1587\/revisions\/1589"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/news.cetoex.com\/wp-json\/wp\/v2\/media\/1588"}],"wp:attachment":[{"href":"https:\/\/news.cetoex.com\/wp-json\/wp\/v2\/media?parent=1587"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/news.cetoex.com\/wp-json\/wp\/v2\/categories?post=1587"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/news.cetoex.com\/wp-json\/wp\/v2\/tags?post=1587"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}