CryptoWolf, a widely-followed cryptocurrency market analyst, argues that Ethereum (ETH) will be the best-performing digital asset of this decade.
The professional trader is sharing a chart that compares Bitcoin (BTC) with Ether with his 20,000+ followers, while noting he believes it “must not be ignored.”
This chart must not be ignored. pic.twitter.com/tjzEo6VFwT
— CryptoWolf (@IamCryptoWolf) January 10, 2020
Like all cryptocurrencies, the success of Ethereum is far from a sure thing.
Scalability will most likely be a key factor that drives adoption rates for the second-largest cryptocurrency by market cap. Developers are pushing to boost the blockchain’s maximum number of transactions per second far beyond its current limit of 15.
Weiss Crypto Ratings says Ethereum’s long-term success hangs in the balance.
“Chronic congestion on the Ethereum network shows worldwide adoption, most important factor in long-term success of any crypto. However, if nothing changes, ETH users will start looking for alternatives. That’s why ETH 2.0 is necessary for Ethereum to move forward.”
ConsenSys, a New York-based organization supporting Ethereum development, says 2020 “will see Ethereum 2.0 come to life.” The developers of the leading platform for building decentralized applications are working on a major system-wide update, ETH 2.0, which should significantly improve the performance of the Ethereum blockchain.
“The march towards Ethereum 2.0 is proceeding at a rapid clip. Proof of Stake Ethereum exists. It’s alive! 2020 will see Ethereum move stridently beyond Phase 0 of Ethereum 2.0, onto Phase 1 and the launch of shard chains. Then, it’s game on.”