What altcoins benefit most from Shanghai upgrade?

Shanghai upgrade that will come in force as of Monday, February 28, is expected to make withdrawals of the staked Ethereum possible but on a test network. Ethereum is trading at 1660.20 at the time of writing versus the previous closing price at 1642.20.

Some altcoins that could rally as a result of a successful test-net upgrade include LDO, RPL, FRX, ANKR and YFI. The crypto market is having the scene set for a massive shift from exciting to boring since mid-February as Bitcoin price hit $25,250.

Until this point, the altcoin season was in full effect. However, after struggling to flip the key hurdle, Bitcoin price is stuck in a state of uncertainty, with almost no direction, causing some or majority of the altcoins to take a body shot.

The most famous cryptocurrency is trading at 23844.00 at the time of writing versus the previous closing price at 23,562 But there is a light at the end of this tunnel. Ethereum developers announced that the Shanghai test-net upgrade would go live on February 28 at epoch 56832. This update will test the withdrawal of staked ETH on the Sepolia testnet.

If the test-net proves successful, it could potentially cause the markets to tank from all the freely available Ethereum and this could be eventually bullish.