{"id":525701,"date":"2023-04-05T11:30:48","date_gmt":"2023-04-05T11:30:48","guid":{"rendered":"https:\/\/wncen.com\/?p=525701"},"modified":"2023-04-05T11:05:58","modified_gmt":"2023-04-05T11:05:58","slug":"cryptocurrencies-are-well-positioned-to-see-gains-ahead-of-ethereum-upgrade","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/ethereum\/cryptocurrencies-are-well-positioned-to-see-gains-ahead-of-ethereum-upgrade\/","title":{"rendered":"These Cryptocurrencies Are Well-Positioned To See Gains Ahead Of Ethereum\u2019s Upgrade"},"content":{"rendered":"
The Ethereum Shapella upgrade has been scheduled to happen in April which would be a significant upgrade for the network. As a result, the price of Ethereum, as well as other tokens on the blockchain, has been seeing a good upside. However, there are some cryptocurrencies that are uniquely positioned to benefit from this upgrade.<\/p>\n
Liquid Staking Cryptocurrencies Make A Run For It<\/h2>\n
As Ethereum has rallied, liquid staking protocols have followed closely behind. These LSD tokens came into prominence with Ethereum\u2019s move to a proof of stake mechanism. Since ETH staked on the network could not be withdrawn, LSD protocols gave stakers their version of wrapped Ether which they could spend while their ETH remained locked.<\/p>\n