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.<\/p>\n","protected":false},"excerpt":{"rendered":"
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 …<\/p>\n","protected":false},"author":13,"featured_media":37536,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[40,36],"tags":[6904,6905,10220],"class_list":["post-80628","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-cryptocurrencies","category-market-updates","tag-bitcoin","tag-ethereum","tag-shanghai-upgrade"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/80628","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=80628"}],"version-history":[{"count":2,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/80628\/revisions"}],"predecessor-version":[{"id":80677,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/80628\/revisions\/80677"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/37536"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=80628"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=80628"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=80628"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}