{"id":626984,"date":"2023-04-08T16:49:20","date_gmt":"2023-04-08T21:49:20","guid":{"rendered":"https:\/\/news.sellorbuyhomefast.com\/index.php\/2023\/04\/08\/ethereum-set-to-rise-okx-survey-shows-63-expect-5k-eth-by-2023\/"},"modified":"2023-04-08T16:49:20","modified_gmt":"2023-04-08T21:49:20","slug":"ethereum-set-to-rise-okx-survey-shows-63-expect-5k-eth-by-2023","status":"publish","type":"post","link":"https:\/\/newsycanuse.com\/index.php\/2023\/04\/08\/ethereum-set-to-rise-okx-survey-shows-63-expect-5k-eth-by-2023\/","title":{"rendered":"Ethereum Set To Rise: OKX Survey Shows 63% Expect $5k ETH By 2023"},"content":{"rendered":"
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You are here: Home<\/span><\/a><\/span>\/<\/span> News<\/span><\/a><\/span>\/<\/span> Ethereum Set To Rise: OKX Survey Shows 63% Expect $5k ETH By 2023<\/p>\n

\"Etherem\"<\/p>\n

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A new survey conducted by OKX, the world\u2019s second-largest crypto exchange, has revealed that 63% of respondents believe that Ethereum (ETH) will hit a new record high of over $5,000 by the end of 2023.\u00a0<\/p>\n

The findings were released in a\u00a0press release<\/a>\u00a0today and reflect the sentiment of 700 ETH traders, investors, and network developers at the ETH Denver conference.<\/span><\/p>\n

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The survey also found that 83% of respondents expect more ETH to be staked in the next three months. It is in anticipation of the two-part Shanghai-Capella (Shapella) upgrade, which is scheduled for April 12th and will enable withdrawals of staked ETH.\u00a0<\/p>\n

The survey revealed that 79% of respondents expect ETH\u2019s price to react differently to Shapella than to the Merge, with 59% believing that the price will continue to increase before and after the upgrade.<\/p>\n

Moreover, a third of the participants expect ETH to surpass its current six-month peak of $2,000 by June 2023, yet still fall short of its 12-month high of $3,000.\u00a0<\/p>\n

In contrast, 34% of those polled anticipate ETH to remain below $2,000, while another third foresee it to reach a minimum of $3,100 by the same month.<\/span><\/p>\n

However, as of April 5th, 2023, 17.9 million ETH had been staked, equivalent to over $34 billion. The APR investors earn on staked ETH is currently 4.65%, which decreases as the pool of staked ETH increases.<\/p>\n

OKX has stated that it will begin processing withdrawal requests for staked ether within one week of Shapella going live, following the company\u2019s completion of on-chain code audits to ensure customer safety.<\/p>\n

Nevertheless, the survey reveals a bullish sentiment toward Ethereum, with most respondents expecting its value to increase significantly in the coming months.\u00a0<\/p>\n

With the Shapella upgrade set to enable withdrawals of staked ETH, it is likely to see more investors entering the market and driving up the price of ETH even further.<\/p>\n

Ethereum Price Analysis<\/h2>\n

At present, based on the information provided<\/a> by CoinMarketcap, Ethereum is being traded at $1,856.98. The daily chart shows a minor decline of 0.84%, but the last seven days show an increase of 1.67%.<\/p>\n

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Source: CoinMarketcap<\/figcaption><\/figure>\n<\/div>\n

Looking at the historical data, ETH achieved its daily peak on April 5th at $1,937.50. This high was last observed in August 2022, which was around 8 months ago.<\/p>\n

Related Reading | Aragon & Polygon Team Up To Offer Affordable Infrastructure: Revolutionizing DAOs<\/a><\/p>\n

\"Ezoic\"<\/a><\/span><\/span><\/span><\/p>\n<\/div>\n

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Read More<\/a>
\n Mishal Ali<\/p>\n","protected":false},"excerpt":{"rendered":"

You are here: Home\/ News\/ Ethereum Set To Rise: OKX Survey Shows 63% Expect $5k ETH By 2023A new survey conducted by OKX, the world\u2019s second-largest crypto exchange, has revealed that 63% of respondents believe that Ethereum (ETH) will hit a new record high of over $5,000 by the end of 2023.\u00a0The findings were released<\/p>\n","protected":false},"author":1,"featured_media":626985,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[25740,4827],"tags":[],"class_list":{"0":"post-626984","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-ethereum","8":"category-survey"},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/626984","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/comments?post=626984"}],"version-history":[{"count":0,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/626984\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media\/626985"}],"wp:attachment":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media?parent=626984"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/categories?post=626984"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/tags?post=626984"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}