2023 Could Be A Big Year For Ethereum

It’s just been revealed that 2023 could be a big year for Ethereum. Check out the latest reports below.

In a new Q&A update, Guy says that Ethereum’s Shanghai upgrade, which will allow ETH to be unstaked, could make 2023 a big year for the project.

He says when investors see the unlock of billions of dollars worth of ETH, it may encourage them to also start staking their coins without having to worry.

“When they see that that ETH can in fact be unstaked and easily sold, then it might incentivize them to actually stake themselves. So I really think it could go either way. Now, I wouldn’t at all be surprised if it was slightly bearish in the short term if we do see some selling. But I think the future for ETH is so, so bright, and I think Shanghai, assuming it goes off without a hitch as the merge did, then I think 2023 could be a really big year for Ethereum and for ETH.”

He continued and said the following:

“Price prediction, I don’t know… I don’t think we’re going to see a five-figure ETH in 2023, but I think that’s entirely possible. We could, of course see, a flippening, but I’m not sure. I’m expecting very much kind of sideways price action for ETH over the course of next year.”

Crypto veteran Bobby Lee addressed when the crypto and Bitcoin (BTC) bear market could end, warning traders it might take years.

In a new CNBC interview, Lee said that the crypto market would remain bearish for the foreseeable future before a turnaround in about 24 months.

“I think it’s going to be pretty bearish for the next year or two.”

Stay tuned for more reports from the crypto space.