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Not BTC or XRP – Digital Asset of the Decade Will Be Ethereum (ETH), Says Cryptocurrency Analyst

by Daily Hodl Staff
January 13, 2020
in Ethereum

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

— Wolf ? (@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.”

 
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
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