Home » Business » Ethereum Set For $20 Billion Post-Merge Shanghai Spree

Ethereum Set For $20 Billion Post-Merge Shanghai Spree

 

Advertisement

 

After Ethereum’s move to the Proof of Stake (PoS) system saw the blockchain’s cryptocurrency drop 19% amidst investor uncertainty, a move which developers say cuts the energy usage by 99.95%, investors are itching to see the potential of the Bitcoin rival.

The next huge step for ether is the much-anticipated “Shanghai” – a move which will release around $20 billion in locked-in assets, and is expected to take place in around 6 months’ time.

With the vastly greener PoS system it is expected powerful investment institutions will be tempted to move across to Ethereum, with prices likely to drive up with token issue set to decrease by 90% -RT

Share This:

READ ALSO  OVER 9.5 MILLION CUSTOMERS USE *894# USSD BANKING SERVICE - FIRSTBANK

Leave a Reply

Your email address will not be published. Required fields are marked *

*

x

Check Also

Konga Jara: 12 lucky shoppers enjoy VIP treatment, exclusive mentorship by Ekeh, Zinox boss, others

CONTRIBUTED: Advertisement It was a weekend ...

MainOne, an Equinix Company’s MDXi Appolonia Achieves TCCF, Now Most Certified Data Center in Ghana

MDXi Appolonia, the data center subsidiary ...

How KongaPay saved my life amid Naira scarcity – Trader

CONTRIBUTED: Advertisement A petty trader, Mrs. ...

monieworx® enables 3 SMEs raise N100M in 10 days through regulation crowdfunding, Nigeria’s first

*Community investing by small-ticket retail investors ...

Curacel bags $3m new funding

Curacel says secures $3 million seed ...

%d bloggers like this:
Skip to toolbar