OKX, the world’s second-largest crypto exchange by trading volume and a leading Web3 technology company, today released the findings of a survey on the perceived market impact of the two-part Shanghai-Capella (a.k.a. Shapella) upgrade, which is slated for April 12 and will enable withdrawals of staked ether (ETH).?
Key findings include:
- 83% of those surveyed expect that more ETH will be staked in the next three months
- 63% of respondents predict that ETH will hit a new record high of over USD5,000 by the end of 2023
- 79% of those surveyed expect ETH’s price to react differently to Shapella than the Merge*:
- 59% think it will keep increasing before and after the upgrade
- 20% believe ETH will move sideways
- 33% of respondents think ETH will be over its current six-month high of USD2,000 in June 2023, but still below its 12-month high of USD3,000
- 34% of those surveyed predict ETH at below $2,000, while 33% believe it will be at least $3,100 by June 2023
17.9 million ETH was staked as of April 5, 2023**. This was equivalent to over USD34 billion***. The APR investors earn on staked ETH is currently 4.65%****, a figure that decreases as the pool of staked ETH increases.