OKX, the world’s second-largest crypto exchange, has released results from a survey on the expected impact of a planned two-part upgrade to the Ethereum network called Shanghai-Capella (aka Shapella). The upgrade will allow for withdrawals of staked ether, and the survey found that 83% of respondents expect more ETH to be staked in the next three months. Additionally, 63% of respondents predict that ETH will reach a new high of over $5,000 by 2023. Of those surveyed, 79% expect the price of ETH to react differently to Shapella than to the Merge. A total of 59% think the price will continue to increase before and after the upgrade, while 20% believe it will move sideways. OKX plans to process withdrawal requests for staked ether within a week of Shapella going live.
The survey was conducted with 700 ETH traders, investors, and network developers at the ETH Denver conference. As a leading Web3 technology company, OKX aims to provide new financial and engagement opportunities in the world of NFTs and the metaverse, and is a top partner of Manchester City FC, McLaren Formula 1, golfer Ian Poulter, Olympian Scotty James, and F1 driver Daniel Ricciardo. The company’s OKX Wallet also offers trading of GameFi and DeFi tokens. However, the press release emphasizes that digital assets involve high risk and readers should consult professionals before making investment decisions.