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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.
[adinserter block="1"]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.”
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