RATE Group | Why Prominent Crypto Researcher Thinks Ethereum Will Struggle in 2020
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Why Prominent Crypto Researcher Thinks Ethereum Will Struggle in 2020

20 Dec Why Prominent Crypto Researcher Thinks Ethereum Will Struggle in 2020

Posted at 22:47h in Ethereum News by

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Ethereum has just slumped to a nine month low, wiping out virtually all gains it has made this year. The move has been part of a market wide decline catalyzed by Bitcoin’s drop below $7k. Many are not convinced that ETH prices will recover at any time soon, and here is why.

Ethereum Bears Gaining Strength

There has been a lot of negativity about Ethereum lately which may have added to its bearish performance. Research firm Messari has made their contributions in the latest ‘Crypto Thesis for 2020’ paper which does not paint the network in a very positive light.

The paper has been penned by founder Ryan Selkis, and is not to be taken as gospel for, in his own words;

“I compiled 120 nuggets of my clearest thoughts into one 70 page report. This is NOT an objective analysis, but a collection of my/our strong convictions for the decade ahead.”

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