Investors have been treading lightly around ether this year, but with 'Shanghai' uncertainty out of the way, ether may finally catch up with bitcoin.
Investors have been treading lightly around ether this year, optimistic about what the Shanghai upgrade would ultimately mean for the crypto asset, but cautious about its near-term implications. The latest technology upgrade for the Ethereum network was completed late Wednesday night as planned, which led to a nice jump over $2,000 for ether Thursday. Market participants say that with all the uncertainty out of the way, ether may finally catch up with bitcoin.
"I expected a large influx in the number of exiting validators, which we've definitely seen, but I have been surprised by the number of new validators being activated on Ethereum over the past 24 hours. Over 76,000 ETH has been newly staked on Ethereum over the last day.
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