TOP 5 cryptocurrencies that can grow in 2020
Which trader did not dream of inventing the time machine in order to go to the near future and see how the value of the most popular digital assets changed? After all, one could raise a fortune on this, especially if along with this one would gain knowledge by reading relevant articles and news, for example, on this site
Such a time machine could protect us from financial losses since we would know in advance which cryptocurrencies are doomed to failure, and we definitely should not invest our money in them.
Alas, such a time machine can exist only in our fantasies, but no one forbids us to make a forecast for 2020 to see which cryptocurrencies will succeed, and which ones will be forgotten.
It would seem that Bitcoin is already a leader among cryptocurrencies, where can it still grow? This is true, however, the growth potential of bitcoin is still there, and it is very huge.
The main event of 2020 for BTC, of course, will be the halving, thanks to which the reward for mining the block of bitcoin will be reduced from 12.5 BTC to 6.25 BTC.
As before, Bitcoin will remain the leader in terms of capitalization, but the index of its dominance is likely to grow to 70-75%. All these factors will play into the hands of the first world cryptocurrency and lead to a significant increase in its value.
Thanks to the active use of the Lightning Network in the Bitcoin ecosystem, it will be possible to create decentralized applications based on it, open online stores, and also bring the micropayment system to a higher level.
If the confrontation between the US and China continues in 2020, Bitcoin will further strengthen as a “safe haven”, and growing demand will increase the price of BTC.
Ethereum
It would seem that the state of affairs of Ethereum today is very unenviable, and more often there is a drop in the value of this cryptocurrency than its growth.
However, the main strength of Ethereum is not its token at all, but smart contracts. Market experts have little doubt that the demand for these smart contracts will grow in the near future, and thanks to the transition to proof-of-stake and the introduction of several important updates, the Ethereum team will contribute to the growth of the value of this cryptocurrency.
In addition, in a recent survey, in which almost 6,000 people took part, it turned out that 54% of respondents believe in the rise in the value of Ethereum to $ 1,000 per coin.
Neo
Open source Chinese cryptocurrency attracted the attention of users in 2019, and there is every reason to believe that this trend will continue in 2020.
Smart contracts, as well as the unique Superconduct trading mechanism, thanks to which users have the opportunity to make money exchanges through decentralized platforms, are the key to future growth in Neo's value.
Moreover, even with the negative attitude towards cryptocurrencies, the Chinese authorities recognize the prospects of this asset and are ready to make concessions to it by allowing ICOs.
Regardless of the decision of the Chinese authorities, this cryptocurrency should still be looked at, because in 2020, the growth in its value may turn out to be colossal.
Eos
Do you have enough funds to invest in bitcoin? Invest in EOS! Today, the cost of this cryptocurrency is only $ 2.96, so there is clearly potential for growth.
In addition, if you follow the news of the cryptocurrency market, you probably know that EOS challenged Ethereum itself, but not at all as a cryptocurrency, but as a blockchain platform. The main advantage of EOS is the lack of scalability issues. And do not be surprised if suddenly one morning you wake up and find out that the cost of this cryptocurrency has grown 50 times.
Ripple
Many banking institutions love this cryptocurrency because it allows you to transfer funds much faster than any money transfer system. Thanks to the integration with Western Union, taking into account all the advantages of Ripple, this project can successfully replace Swift, making transfers even faster and cheaper.
Of course, the success of the company and the signing of contracts with well-known players in the banking sector have a positive effect on the value of the token.
Should we expect a major rise in value from this cryptocurrency? Probably not. Rumor has it that the project administration deliberately keeps the cost of the token at around 0.3-0.4 dollars per coin. However, there is also the potential for growth here, and in 2020 this cryptocurrency may surprise everyone.
What about other cryptocurrencies?
In fact, the digital assets we have listed are far from the only ones that can demonstrate positive dynamics next year.
Already, we recommend that you keep your finger on the pulse of the market and follow the news related to the following assets:
- Litecoin. Many experts predict that closer to the second or third quarter of 2020, Litecoin may reach the level of $ 200 per coin. Almost 75% of all Litecoin coins can be mined as early as next year, and a deficit will spur the growth in demand for this digital currency, respectively, and its value will also increase.
- Monero Darknet's most anonymous currency. Let her reputation not be called crystal clear, and the governments of many countries, for obvious reasons, do not like this cryptocurrency, it is still in high demand among users who care about their privacy. There will be even more such users in 2020, which means that the value of the cryptocurrency can also rush up.
- Libra Talking about the growth in the cost of this cryptocurrency in 2020 is not too true, due to the fact that it actually does not exist yet, however, the regulators of many countries have already taken active steps to ensure that Libra never appears. Given the number of Facebook users, each of which can become a potential user of Libra cryptocurrency, the concerns of governments are easily explained. One way or another, Facebook representatives still believe that Libra will be released in the first quarter of 2020. If this happens this way, it can make more noise than bitcoin did at one time.
Of course, all of the above should not be taken as a guide to action, and, first of all, you need to think with your own head and analyze the situation on the market. But, one way or another, all the cryptocurrencies listed by us are definitely worth your attention in 2020.