According to the latest announcement from Ethereum, The Shapella network upgrade will activate on the network at epoch 194048 on Apr. 12, 2023. It marks a significant milestone in Ethereum’s journey, as it allows validators to withdraw their stake from the Beacon Chain back to the execution layer. In addition, it introduces new functionalities to both the execution and consensus layers.
Ethereum Looks Bullish in April
Although the Shapella network upgrade will cause a huge number of ETH to become unstaked, it won’t affect the demand for the coin. The development milestone reaffirms faith in the project and has been drawing large traction to ETH lately. To elaborate, Ethereum has gained 15.0% on the monthly chart as of Apr. 3, 2023. At the time of this writing, Ethereum is selling for $1,805.72 per piece.
Ethereum 1-month price history, 3 April 2023
The rapid price increase from $1200 in January to $1800 in April can’t be overlooked as a broader market trend. Ethereum is reclaiming its status as the blue-chip crypto this year with solid demand and growth. A rise to $2,200 by the end of April is not a long shot for the altcoin. That said, Ethereum can slip to $1550 if the upgrade runs into challenges or the broader market slumps.
Can Ethereum Hit $3K in Q2?
Ethereum has the potential to hit $3,000 in Q2, 2023, if the way it has stood against the FTX collapse, interest rate rises, and stringent U.S. regulations is any sign. The current trends show the presence of aggressive buying as lows get steadily higher while highs stay undisturbed. ETH’s short-term and long-term projections lean toward the bulls this year.
The prediction is further substantiated by the fact that ETH accumulation by addresses with a 1,000-10,000 ETH balance has increased in recent weeks. In March alone, their ETH holdings have grown by 0.5%.
ETH supply distribution among investors with 1,000 ETH or above, source: Santiment
1 million-10 million ETH (brown) and the 10 million – 100 million ETH balance groups, on the other hand, have risen by 0.4% and 0.5%. While the growth can be attributed to the network’s proof-of-stake contracts (direct or third-party like Lido DAO, which has been trending recently), the development still looks positive.
Ethereum: ETH 2.0 Total Value Staked [ETH], source: Glassnode
Another stat that strengthens the prediction is the net Ether deposited at the official Ethereum 2.0 address. It has crossed 18M after soaring 3.5% in March.
Love Hate Inu Presale Blasts Past $2.6M: Next Meme Coin Mania on the Horizon
Vote-to-Earn crypto Love Hate Inu has raised $2,612,754 in its meteoric presale already. With whales scooping up the tokens, the presale is heading for an early sell-out.
Love Hate Inu is the latest meme token in town. It offers real utility in a blockchain-based voting system on a secure and transparent platform. Using the token, you can vote on issues that matter from politics to pop culture and sports. The key highlight of Love Hate Inu is its staking mechanism, secured by smart contracts that prevent spam and manipulation. As a result, the platform can host verifiable and anonymous polls and surveys.
But the allure of the platform lies in its vote-to-earn system. It allows you to stake your LHINU tokens, participate in the latest polls, and earn tokens for voting.
Love Hate Inu dashboard preview
The Love Hate Inu Dashboard will eventually let you create polls, view your rewards, follow the latest trending votes, and more. Currently, Love Hate Inu is selling 90% of its supply at the presale to ensure the community holds the majority of the tokens. The remaining 10% is set aside for liquidity, listing fees, and community rewards.
The craze around the presale is growing as Love Hate Inu is widely predicted to become the next big meme coin. It stands apart in the crowded crypto market by putting forward a robust use case that has the potential to go viral. The growth potential of the token is further underscored by the fact that brands are increasingly using online surveys and polls as a means to understand consumers.
EXCITING STUFF #LoveHateInu Crew🪅
We have just hit $2.6 million in our #Presale! 👀🤑
Join us now!
Huge announcement once we hit $3M – you heard it here first 😜 https://t.co/Pu2Bo8WOUy#StrangerThings #CryptoCommunity #MemeCoin pic.twitter.com/SZmvavvEcL
— Love Hate Inu (@LoveHateInu) April 3, 2023
To participate in the LHINU presale, you would need a crypto wallet that is stocked with ETH, BNB, or USDT. Once you’re ready, go to the presale page, click the BUY NOW button, and connect your wallet. Choose your method of payment, enter your purchase details, and approve the transaction. That’s it. The presale undergoes a gradual price increase. So the earlier you get in, the higher the discounts.
Once the Love Hate Inu voting platform is live, you would need the tokens to exert your voting power and influence over the poll results. It is also used to create new polls. If you’re looking to make multifold returns from the crypto market, LHINU is one of the most promising cryptocurrencies to buy this year.
Disclaimer: This is a paid release. The statements, views and opinions expressed in this column are solely those of the content provider and do not necessarily represent those of Bitcoinist. Bitcoinist does not guarantee the accuracy or timeliness of information available in such content. Do your research and invest at your own risk.
