ETH - Down More Than 70% This Stock Could Soar After Ethereum's Next Upgrade
Ethereum (CRYPTO: ETH) developers are planning another upgrade, set to be released sometime this March. Building off its previous upgrade, known as The Merge, this next one is being referred to as Shanghai and will allow users to withdraw staked Ethereum that was previously locked up on the blockchain.
There is some uncertainty what the Shanghai update might do to Ethereum's price in the short term, but over a longer time frame, it is considered a much-needed change for the crypto to finally reap some benefits that come with its move to proof-of-stake.
With users having the ability to withdraw their staked funds whenever they want, the blockchain will probably experience a surge of users looking to stake and earn interest on their Ethereum. But there is one other possible benefactor coming out of the Shanghai upgrade: Coinbase Global (NASDAQ: COIN) .
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Down More Than 70%, This Stock Could Soar After Ethereum's Next Upgrade