What is the Shanghai Upgrade & Why it Could Mean the Next Pump for Ethereum?
Ethereum's long-anticipated Shanghai Upgrade is finally near and there's a lot of talk in the community about the effect it will have on the world's largest altcoin.
We've seen ETH steadily rise in the past weeks with some solid returns, but the real gains are expected to hit post-upgrade.
Some industry experts suggest that the upcoming hard fork might even bring Ethereum to $3,000 in the following months, but it will be a bumpy ride.
And even if the prediction comes true, or ETH goes up even higher, that's still a 2-3x profit on the altcoin. Instead, it's a much better choice to invest in tokens that show 30-50x potential, such as Love Hate Inu (LHINU), DeeLance (DLANCE), Metropoly (METRO), Ecoterra (ECOTERRA), & RobotEra (TARO).
>>>Buy the Best Presale Token Now
Shanghai Upgrade Coming Soon - ETH Hits 7-Month HighThe Shanghai Upgrade is a hard fork of Ethereum's protocol in form of a series of upgrades that will take place on the network.
Once the upgrade takes place, non-upgraded notes won't be able to participate in staking and validation activities anymore, which means some huge changes are on the way.
One of the main goals of the Shanghai Upgrade, according to the Ethereum team of devs, is to improve overall liquidity for both validators and stakers that want to withdraw their funds.
Ethereum hit a 7-month high in expectation of the upgrade and it currently stands a bit above the $1,900 market.
But experts have different opinions on the future value of ETH.
One side fears that unlocking over 16 million staked ETH (worth $30 B) could flood the crypto market, increasing the supply without increasing the demand, and causing an immediate price drop.
At the same time, others believe that investors who had their ETH staked could suffer losses if they withdraw it immediately, deterring them from doing so.
But even in the best-case scenario, ETH is unlikely to bring over 3x profits, at least in 2023. That's why industry analysts suggest focusing on the following alternatives instead.
Love Hate Inu (LHINU)Love Hate Inu (LHINU) is a Vote2Eearn survey-based crypto platform that will give out prizes for voting and staking tokens. It introduces a new and unique concept that's already gathered a lot of attention in the crypto community, especially on social media.
LHINU is the native token you will use for casting votes in polls so you can earn rewards. The community decides on which polls to create, while voting is anonymous and easy to verify.
Topics can range from entertainment and politics to even sports predictions.
Now is the best time to get in early because LHINU is on a live presale with a major discount for early investors.
DeeLance (DLANCE) is a Web3-based recruitment platform that is set to make freelancing easier by connecting employers and workers directly.
It's very easy to apply for a job or create one because of the system that stores data on a public blockchain and cuts out the middleman. This also leads to much smaller fees compared to industry leaders like Upwork and Fiverr.
The platform ensures safe payment due to a set escrow system that holds the money until the contract is completely fulfilled on both sides.
The DLANCE presale just started a few days ago and now is the perfect time to get in early.
Metropoly (METRO) is the first-ever NFT marketplace that uses existing real estate as leverage to ensure stable token prices and passive income.
You can get partial ownership of properties all around the world and collect monthly rent for them, without having to worry about subtenants, cleaning, or any other time-consuming activities.
This concept gives Metropoly guaranteed sustainability while allowing you to pull money out without having to sell tokens.
Ecoterra (ECOTERRA) is a Recycle2Earn cryptocurrency app that incentivizes eco-friendly behavior through an innovative reward system.
The app rewards you for taking care of the environment by giving you recycling tokens for your actions.
Ecoterra also leverages a carbon credit marketplace, a recycled materials market, and an ecosystem with built-in social media functions.
All of this makes it one of the most interesting green cryptos of 2023 and many analysts believe it will explode by 20-40x once it hits the market.
RobotEra (TARO) is a new Metaverse-centered P2E game that shows us what the universe would look like if futuristic robots took over.
You get to explore many continents in the apocalyptic digital world using your unique robotic avatar and monetize the gaming experience in a variety of ways.
The multiverse features several types of NFTs, land trading opportunities, a bunch of interesting tasks, and a lot more.
Dogecoin (DOGE) is again on the rise as Elon Musk replaces the iconic birdy logo on Twitter with a doge icon.
Many investors have bought into the hype and with the CEO of Twitter having such a big influence on the meme coin's future, it seems like a good project to keep an eye on.
Shanghai Upgrade is one of the biggest Ethereum upgrades we've seen so far, and it seems to be setting up the leading altcoin for some huge gains in the upcoming months.
A $3k mark looks realistic, with some experts even announcing that ETH could finally cross the $5,000 in 2023.
But even if that does happen, tokens like LHINU, DLANCE, METRO, ECOTERRA, and TARO are set to outperform it by a landslide, with potential 40-60x profits on the horizon.
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