ໄດ້ Ethereum community has been waiting with bated breath for the ສ້ອມແຂງ Shanghai that will occur on the network. The aforementioned improvement is scheduled to take place over the course of the next few months, and its goal is to make it possible to withdraw staked coins. The Ethereum Zhejiang testnet completed the processing of its first ETH withdrawal just the last week, bringing the network one step closer to the official upgrade. However, this raises the fear of a mass dump impacting the ລາຄາ Ethereum (ETH), which many industry experts anticipate will occur following the opening of the withdrawal option.
Ethereum (ETH) Price To Dump?
Prominent crypto influencer Lark Davis has issued a video warning to users, in which he explains that beginning in March 2023, 16 million Ethereum tokens with a total value of more than $26 billion will be able to be withdrawn. He claims this can lead to a significant sell-off in the market crypto and further disrupt the bullish narrative that ETH is currently witnessing.
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Having said that, he goes on to ເວົ້າວ່າ that not all of the coins will be accessible all at once. And, in a similar vein, while many people are anticipated to reap gains from selling their Ethereum, Davis predicts that not all holders of ETH will likely sell or dump their holdings. Moreover, he states that the price of ETH was $600 at the time that the stake was placed.
A Good Buying Opportunity?
According to Davis, investors and traders in cryptocurrencies will have an excellent opportunity to make purchases if they take advantage of a market that develops as a result of holders opting to sell their coins when the unlocking feature is activated rather than continuing to stake them.
Given the daily constraints, however, it would take almost a whole year for all of the Ethereum validators to leave the network even if they wanted to. In addition, Davis makes the announcement that, as a part of the ໃນລະຫວ່າງສ່ຽງ reward, more than one million coins will be unlocked in three weeks after the unlocking process has begun.
ເຕກ Ethereum is “the act of investing 32 ETH to activate validator software,” according to the definition that can be found on the website of the Ethereum Foundation. Nonetheless, there is a workaround to the 32 ETH threshold imposed by the foundation as Ethereum holders can participate and collect rewards without meeting the minimum requirement if they use ການແລກປ່ຽນ cryptocurrency ຄື Coinbase or specialized liquid staking platforms ຄື Lido and RocketPool.
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ເນື້ອໃນທີ່ ນຳ ສະ ເໜີ ອາດຈະປະກອບມີຄວາມຄິດເຫັນສ່ວນຕົວຂອງຜູ້ຂຽນແລະຂຶ້ນກັບສະພາບຂອງຕະຫຼາດ. ເຮັດການຄົ້ນຄວ້າຕະຫລາດຂອງທ່ານກ່ອນທີ່ຈະລົງທືນໃນ cryptocurrencies. ຜູ້ຂຽນຫລືສິ່ງພິມບໍ່ມີຄວາມຮັບຜິດຊອບຕໍ່ການສູນເສຍທາງດ້ານການເງິນສ່ວນຕົວຂອງທ່ານ.
Source: https://coingape.com/ethereum-eth-price-on-the-verge-of-massive-dump-following-shanghai-upgrade/