The crypto market triggers optimistic predictions today with the most important coins trading in the green.
The price of the most important digital asset was boosted above $8,500, and experts are waiting to see if it can surpass the level of $9,000.
2020 kicked off great with a lot of optimistic predictions in terms of pricing for BTC, but also in terms of developments and important achievements in the crypto space.
Despite the huge volatility of the crypto market, the bullish predictions in the crypto space seem to be intensifying.
Ethereum is believed to be the best performing crypto of the decade
CryptoWolf is a really popular crypto market analyst. He reportedly argued that Ethereum would be the very best performing digital asset of the decade, not Bitcoin or XRP, as some predict.
The trader shares a chart that compares Bitcoin with Ether with his followers while noting that he believes this should not be ignored.
Of course, ETH’s success is not a certain thing.
This chart must not be ignored. pic.twitter.com/tjzEo6VFwT
— Wolf 🐺 (@IamCryptoWolf) January 10, 2020
Someone responded to the chart with: “It’s an interesting chart, but can you explain how you derived it? The prices for BTC are evident on RHS but what are prices and time period for ETH start to end? I fully believe the cryptos that will stand the test of time are the ones that have committed devs investing in IP.”
Scalability, a key factor that drives adoption
The online publication the Daily Hodl writes that scalability will be a key factor that drives adoption rates for ETH. Developers are working hard to boost the blockchain’s maximum number of TPS. The current limit if only 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 the 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.”
Anyway, at the moment of writing this article, ETH is trading in the green, and the coin is priced at $149.11.