With more than 16% of its total supply staked, Ethereum (ETH) is lagging behind other major proof-of-stake (PoS) cryptocurrencies. In comparison, they have much higher staking percentage of their total supply: 71% Cardano (ADA), 70% Solana (SOL), 85% Binance Coin (BNB) Chain, 63% Avalanche (AVAX), 50% Polkadot (DOT), 37% MATIC and 64% Cosmos. In terms of market capitalization, ETH is dominating most of these coins with a market share of 16%.

Before the upcoming Shanghai upgrade, various questions are now circulating around the Ethereum community, particularly: how much will the staking percentage of ETH change after the upgrade? Furthermore, how will the current price of Ethereum be affected if it boost its staking percentage to more than 50%? According to Lark Davis, the popular crypto YouTuber, the upgrade will be a game-changer as a couple of billion dollars will flow into the market again. Similarly, other investors have suggested that the use of ETH by stakers would create a huge bull market.

At the moment, no major changes have been observed in ETH’s price despite the anticipation of the upgrade, as it has been fairly stable at around $1,750, in accordance with CoinMarketCap. Although, ETH being the most widely-used cryptocurrency, any major change in its staking percentage could result in a significant shift in prices. It remains to be seen how the Shanghai upgrade will affect the staking percentage and price of ETH in the upcoming days.



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