Analytical Reviews

Get the latest economic news from ForexMart, including updates on the financial market, central bank policy announcements, financial indicators, and other relevant news which can impact the industry.

Disclaimer:  Information provided here to retail and professional clients does not contain and should not be construed as containing investment advice or an investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance.

Ethereum has risen to $1,900 on the background of a hard fork


April, 06 2023
watermark Economic news

The value of the second most popular cryptocurrency, Ethereum, jumped on Thursday to a nine-month high at $1,908.95 amid expectations of the upcoming Shanghai update called Shapella.


On April 12, the next Ethereum update or hard fork will take place, which will mark the completion of the full transition of Ethereum to the Proof-of-Stake network. According to analysts, the upcoming update will make the digital currency a more profitable long-term investment.


After the hard fork, investors will be able to freely withdraw available assets. Now you have to use centralized crypto exchanges, such as Coinbase, or decentralized financial services, such as Lido, to withdraw funds.


In total, ether has increased in price by 59% this year, and its main cryptocurrency competitor bitcoin – by 70%. However, a number of economists believe that Shapella will lead to a fall in the ether rate. This forecast is due to the fact that the update will unlock a large number of cryptocurrency tokens worth about $2.4 billion, most of which can enter the open market if investors arrange a sale of assets.


As for bitcoin, the largest cryptocurrency by market value, it remains stable, trading at about $27 thousand.


コメントする

ForexMart is authorized and regulated in various jurisdictions.

(Reg No.23071, IBC 2015) with a registered office at Shamrock Lodge, Murray Road, Kingstown, Saint Vincent and the Grenadines

Restricted Regions: the United States of America, North Korea, Sudan, Syria and some other regions.


© 2015-2024 Tradomart SV Ltd.
Top Top
Risk Warning:
Foreign exchange is highly speculative and complex in nature, and may not be suitable for all investors. Forex trading may result in a substantial gain or loss. Therefore, it is not advisable to invest money you cannot afford to lose. Before using the services offered by ForexMart, please acknowledge the risks associated with forex trading. Seek independent financial advice if necessary. Please note that neither past performance nor forecasts are reliable indicators of future results.
Foreign exchange is highly speculative and complex in nature, and may not be suitable for all investors. Forex trading may result in a substantial gain or loss. Therefore, it is not advisable to invest money you cannot afford to lose. Before using the services offered by ForexMart, please acknowledge the risks associated with forex trading. Seek independent financial advice if necessary. Please note that neither past performance nor forecasts are reliable indicators of future results.