ETH has soared over 6% since implementing the Shanghai update on Wednesday, trading at $2,121. Ethereum (ETH) recorded a sharp gain barely 24 hours after implementing the Shanghai upgrade. ETH is now on course to tap a new pricing milestone not seen since Aug 15 last year as it nears $2,500. Market leader Bitcoin (BTC) broke through $30,000 after eight months with similar gains from other top 10 assets.
Diogo Monica, the co-founder of Anchorage Digital, said that lack of liquidity scared investors away, but that is now in the past. Lachlan Feeney, the CEO of Labrys, an Australian digital asset consultancy firm, also reiterated Monica’s comments saying that the update has removed the risk involved.
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