2020 Litecoin is worth watching as the world begins to transition to a digital value transformation economy.
Launched just a few years after Bitcoin, Litecoin was originally intended to be a less resource-intensive version of Bitcoin. With that in mind, the structure of LTC is quite similar to BTC, except for a few tweaks. Under current circumstances, this coin offers nearly 4 times faster block times than Bitcoin. In addition, the total supply of LTC tokens is 4 times larger than that of BTC.
However, back in 2018, LTC creator Charlie Lee sold all of his LTC tokens, raising concerns that the project could become worthless overnight. However, as we all know, Litecoin has been going strong since then and many experts claim that the coin will do great things in 2020.
However, in addition to Litecoin, there are a number of coins that are appreciated this year. At the top can not be mentioned that is Bitcoin.
There is no doubt that Bitcoin is the most lucrative crypto asset on the market. This digital currency currently accounts for more than 60% of the global cryptocurrency market share. If that wasn’t enough, whenever it encounters volatility, the rest of the market tends to move with it.
In terms of financial potential, Bitcoin is still considered the perfect investment portfolio for novices as well as seasoned investors. The asset has not only been tried and tested, but its infrastructure has grown tremendously over the past decade, so there are plenty of pundits who believe Bitcoin will most likely hit the $100,000 threshold by the end of 2020.
Ethereum is the world’s second largest cryptocurrency by total market capitalization. This coin appeared in 2015 and over the years it has grown to become one of the most sought after digital currencies on the market. ETH has many differences from other competitors, it has the effect of supporting a number of new decentralized applications built on the Ethereum blockchain.
Ethereum boasts one of the most active development communities in the world. Therefore, many financial experts believe that this coin will create many big things in 2020.
XRP has been an extremely popular digital currency since its release in 2012. From a technical perspective, it can be said that the coin plays an important role in facilitating transactions to take place. in the Ripple ecosystem. In this regard, Ripple can basically be seen as a private financial services platform that offers a great range of products.
As of 2019, various services of Ripple are being used by banking institutions including Santander, Standard Charter, Cuallix, etc. This is mainly because Ripple and XRP have made their international cross-border transactions seamless and hassle-free (also at a fraction of the costs they previously had to pay when using the internet). using the SWIFT network).
Finally, XRP is currently the third largest cryptocurrency today in terms of overall market capitalization. However, a few years before that, it was able to surpass ETH but could not maintain dominance for more than a day.
While a lot of crypto enthusiasts may not have heard of DigiByte, the cryptocurrency is touted as having the most promising financial prospects in 2020. Founded in 2014 by Jared Tate, what makes Digibyte What makes it unique is that it is completely decentralized and offers a much higher transaction speed than others. For example, it is almost 40 times faster than BTC because of its amazing block times.
Technically, Digibyte is the first blockchain platform to successfully implement the Segregated Witness (SegWit) protocol, which allows transaction data confirmations to be maintained, but still separate from the associated block information. This allows DigiByte to process transactions at extremely high speeds without compromising on the security aspect. DigiByte’s ultimate goal is to create a global payment system around the world.
Maker is a digital token that facilitates all transactions taking place within the Maker digital ecosystem. What makes MKR unique is its limited market supply, only about 1 million tokens, as well as the fact that it can support the smart contract platform and stabilize the value of the stablecoin DAI.
Binance Coin (BNB)
Binance Coin appears to be the most successful digital currency ever issued by an exchange. First, BNB has been holding the price above $15 for more than 6 months now despite the crazy market drop throughout 2019. Also, many experts believe that as long as Binance is still active, the BNB token will be. will continue to possess substantial value.
Finally, it should be emphasized that while many people see BNB as a great investment, there are also people who use BNB because they regularly trade large volumes on Binance and want to cut transaction costs.
Cardano is the brainchild of Ethereum co-founder Charles Hoskinson. It has a lot in common with Ether. For example, it allows users to build new applications and smart contracts. On closer inspection, however, one can see that Cardano and the ADA token are designed to help solve many of the problems associated with high interoperability and scalability that are plaguing Cryptocurrency world today.
To be a little more specific, the development team behind Cardano is specifically focused on maximizing the efficiency of the international payments market by cutting down on many of the time and fee related issues in the growing sector. this development.
The name Chainlink was extremely popular throughout 2019, because when the market was struggling with bearish pressure, LINK continued to grow and thrive.
In the most basic sense, LINK can be thought of as an Ethereum token used to control Chainlink’s native decentralized oracle network. Using the new structure, the platform can deploy ETH smart contracts to connect with several external APIs and payment systems. Not only that, Chainlink also has the unique ability to transfer information in/out of the original blockchain in a very secure, trusted and decentralized way.
Although the name Crypterium may be quite unfamiliar, the coin has shown a lot of potential in 2019. In essence, it is an Ether-based token that caters to all Crypterium-related native transactions. Wallet.
However, one of the most interesting aspects of Crypterium is that 0.5% of each transaction fee associated with the platform will be used to burn CRPT tokens, essentially reducing the total token supply over time. long (a feature that could prove to be extremely valuable to future investors).
Technically, we can see that 0x is a rather restrictive protocol, it provides a platform to use that allows the creation of private DEXs (decentralized exchanges). Not only that, from an operational standpoint, 0x uses off-chain transaction relays and Ethereum smart contracts to eliminate many of the problems that plague this market.
The ZRX token serves as the underlying payment unit that drives the 0X protocol. In addition, it is also used for administrative purposes (especially when network upgrades are needed). Looking at its financial potential in 2020, many experts expect that the token will perform quite well this year.
EOS was created by Dan Larimer, a world-renowned crypto developer and pioneer. The project first caught the attention of the public when the ICO raised a whopping $4 billion from investors around the globe.
What makes EOS unique is the fact that it uses a new consensus mechanism called DPOS (Delegated Proof of Stake) that quite a few other currencies are currently using. Not only that, the platform does not use a fixed mining protocol, instead, block producers are rewarded for creating blocks based on their overall efficiency.
Launched in 2014, Stellar seeks to provide a cross-border payment system that is super fast, easy to use, as well as fully transparent. It is also worth mentioning that in 2014, XLM was priced at almost zero, however, by the end of 2018 its value had increased to $0.94. Looking to 2020, XLM is priced around $0.06. And although the platform continues to face increasing competition, many experts are still confident that good things will come to the Stellar ecosystem in the next few months.
Basic Attention Token (BAT)
Basic Attention Token is one of the most interesting coins on the market today. Because it is an ETH-based token and functions as the basic fuel for the Brave browser.
Brave browser is the only web browser in the world that pays users for their surfing activities. Users are provided with a certain amount of BAT tokens for all the ads they view in the browser.
Kyber Network Crystal (KNC)
Kyber Network Crystal is a cryptocurrency that facilitates instant token swaps. Also, keep in mind that the Kyber network serves as a decentralized, peer-to-peer exchange using a dynamic reserve pool, allowing the system to maintain its overall liquidity in a very seamless manner. Finally, like Crypterium, the Kyber network also uses a deflationary model to mitigate liquidity issues.
Through the use of the Visa MCO card, users can enjoy some unique benefits such as cashback offers on bookings on Airbnb and Expedia, as well as 100% cashback on their Spotify and Netflix subscriptions.
Ripio Credit Network (RCN)
Although RCN’s capitalization is quite low at the moment, many experts believe it will have breakthroughs in 2020. This is because the Ripio Credit Network allows transparent and accessible access to the global credit network. can connect investors with various lenders, borrowers and loan originators (without using middlemen).
If the project can gain the traction that many experts believe, it is not surprising to see RCN values soar to new heights in the next few months.
TNT is an ETH-based token used for verification related issues in the Tierion ecosystem. Tierion is a platform that allows the use of the system’s native blockchain to verify various data.
To date, it is estimated that Tierion is compatible with a total of more than 500 applications designed for on-chain data verification. In this regard, as the number of supported apps continues to grow, it won’t be surprising to see the value of TNT skyrocket.
Decred is a fork of Bitcoin that is completely open source and is of great importance for things like on-chain governance. A little more specifically, the platform seeks to overcome many of the problems currently facing the Bitcoin network in order to create a truly decentralized and autonomous digital asset.
According to several reports circulating on the internet, it is rumored that in 2020 Decred will implement an improved proof of work (PoW) and proof of stake (PoS) consensus voting system to combat censorship on the internet. Global.
Bitcoin Cash (BCH)
One of the largest cryptocurrencies by total market cap today is Bitcoin Cash, born in 2017 after differing opinions on the coin’s block size limit. So far, while BTC has been primarily seen as a store of value, BCH has been seen as a currency for everyday payments.
Additionally, in November 2018, BCH underwent a hard fork that created Bitcoin Cash (BCH) and Bitcoin SV (BSV).