-
Ethereum Shanghai Upgrade: Why is it good for ETH?
The Ethereum blockchain is about to receive an important update on April 12th, namely the Shanghai Upgrade. The main purpose of this upgrade is to enable the extraction of Ethereum (ETH) already pledged on the Beacon Chain. Currently, over 17 million Ethereum coins are locked on the Beacon Chain, accounting for over 15% of ETH's total supply.How will this upgrade affect the price and market of ETH? We believe that from multiple perspectives, the upgrade in Shanghai is beneficial for ETH, for the following reasons:Enhancing the attractiveness of beacon chains Beacon chain is a core component of Ethereum's Proof of Rights (PoS) consensus mechanism, which enables Ethereum networks to be more secure, efficient, and environmentally friendly. Currently, to become a verifier of the beacon chain, at least 32 ETHs need to be pledged and cannot be extracted. For some users, this may be a high threshold and risk. After the upgrade in Shanghai, pledgers can freely extract their ETH and rewards, which will reduce the cost and risk of pledging, attract more users to participate in pledging, and increase the security and decentralization of the Ethereum network.Reduce the cost of second tier solutions
-
Bitcoin Price Forecast: BTC prices have regained momentum and may reach $30000 at any time from now on
Highlights of the storyAfter recent rejections, Bitcoin prices are striving to maintain above the rising level, but bears continue to predict their existence.The price needs to reach $30000 at the earliest to maintain a healthy rebound before the end of the month
-
Analysts' 2023 Bitcoin Price Forecast: Rebound to $250000 or Collapse to $5000
It is a understatement to say that 2022 is a difficult period for cryptocurrencies. After experiencing long-term price increases and investor joy, last year witnessed the arrival of a cryptocurrency winter, causing the price of Bitcoin to plummet, the company to go bankrupt, and wiping out over $1 trillion from the market, without mentioning the collapse of FTX
-
Is it possible for Bitcoin (BTC) prices to decline by another 5% as selling intensifies, with $30000 now
With the emergence of the world's largest digital asset Bitcoin (BTC) tank, CoinnapeSell's decline in the broader cryptocurrency market has increased by 5%, dropping below $29000. As of the time of publication, the trading price of Bitcoin has decreased by 4
-
2023 Bitcoin (BTC) Price Forecast - Will BTC soon reach $40000?
The bullish BTC price forecast for 2023 is $28474.72 to $34259
-
Discussions in the United States on raising the debt ceiling and delaying the banking crisis are both positive for Bitcoin
Author: GregCipolaro, Global Research Director, NYDIG Compiled by WEEXBlogSummary: Bitcoin, as a non sovereign means of storing value, may be seen as an effective investment choice and hedging tool for those seeking to protect themselves from the conspiracies of politicians and monetary policymakers.Reading summary:The debate on the US debt ceiling is coming ahead of schedule due to the decline in tax revenue, which may highlight the importance of Bitcoin
-
Bitcoin may continue to remain flat, while counterfeit coins may bleed! This is the anticipation before the weekend!
Highlights of the storyBitcoin prices have slightly increased as it has returned to levels above $28000, while a bearish cloud continues to envelop the cryptocurrency sector.In addition, seemingly confused counterfeit coins are expected to reach their main support levels before being promoted to the next stop