The best crypto currencies in the year 2020 – will succeed Bitcoin?
In the past year, we have seen that the adaptation of crypto currencies is more advanced. Bitcoin started a few days ago, a brief rally could continue, according to the latest indicators. Accordingly, the question arises what are the best crypto-currencies for the year 2020 and what kind of digital currencies continue to offer good investment opportunities.
Bitcoin (BTC) is still the king of the crypto market. It is the world’s dominant crypto-currency, the 60% of the total market share of crypto currencies. If Bitcoin rises or falls, the Rest of the market tends to be. The adoption of Bitcoin is at a more advanced stage, so that more and more retailers and online shops Bitcoin as an alternative payment means to accept officially. The Swiss Amazon “Digitec and Galaxus” announced last year that it now accepts a value of at least 200 francs, Bitcoin, Ethereum, and many other Altcoins. A fee in the amount of 1.5% of the purchase price to fall. The payment is confirmed within few minutes and thus provides a great advantage over traditional payment methods.
BTC/USDT premiums and price action show clear signs of accumulation and money flow back into risk.
Would not surprise me to see 9K+ before end of Jan.
— The Su Zhu (@zhusu) December 28, 2019
Large investment firms such as Three Arrows Capital predict a large increase in the price of Bitcoin this year. CEO Shu Zhu considers it possible that Bitcoin will rise until the end of January again to 9,000 USD. Bloomberg has identified in his crypto-Outlook for the year 2020, the 10,000 USD mark as a large resistance, and the $ 6,000 mark as an important support zone. According to a statement from Bloomberg, it is more likely the Bitcoin to 14,000 USD by the end of the year, as the BTC again to the $ 3,000 mark, it falls back.
Furthermore, the Bitcoin Halving is coming up in may that the price could be a decisive push forward. However, the experts in this case agreed, whether the hoped-for Bitcoin Bullrun will occur.
Ethereum 2.0 will catapult ETH on top of the crypto market
Ethereum, the second largest cryptocurrency in terms of market capitalization, and offers, in addition to the function as an alternative means of payment is a complex Ecosystem, whose Potanzial of Microsoft, Amazon as well as other heavyweights of the Tech sector has been detected. ETH provides decentralized Apps based on the Ethereum block Chain. These decentralized Apps take advantage of the Killer Features of Ethereum and decentral control or Smart Contracts. Ethereum has one of the most active developer Communities in the crypto section, and there is no reason to believe that the dynamics of Ethereum will subside in the near term.
Currently Ethereum is in Transition to Ethereum 2.0. Vitalik Buterin describes that Ethereum will be able to process up to one Million transactions per seconds, if the Plasma and Sharding are fully Mature. Thus, the ETH would trump the classic Big players in the market such as Visa, Mastercard or Paypal loose. Furthermore, Ethereum, it is a share of 55% more of the Dapp-the king of crypto-currencies. The largest block chains in this area are Ethereum, TRON and EOS. Ethereum, a transaction is reached in 2019, with a volume of more than 12.8 billion USD (equivalent to 55% of the total market). EOS can lay claim to 6.1 billion USD and TRON almost 4.4 billion USD for himself. The range of distributed applications will continue to grow this year. The potential of the decentralised financial world plays in the development of an important role.
XRP adaptation is expected to rise in 2020, rapidly
The native crypto-currency, Ripple, XRP, was one of the worst performers of last year. Ripple together announced that in October, 2019 in just one month a larger transaction volumes could be achieved as in the year 2018. Furthermore, Ripple was able to win more than 300 partners in the RippleNet for cooperation. The company has worldwide more than 500 employees and is currently expanding its presence in Asia. The latest payment corridor will be developed in Brazil and is designed to simplify the remittances in the country and the people on the ground help to send money home.
MoneyGram CEO Alexander Holmes is excited about Ripple and describes that his company save time and money and the use of the technology of Ripple, On-Demand Liquidity, more want to expand. Holmes says in a recent Interview to Bloomberg (freely translated):
What I love about ODL is that we are in this technology at the front of it…. We are in the situation, billions of dollars in seconds to handle. The magic really comes to pairing MoneyGram transactions with Ripples ODL. We have now opened four new corridors, we begin to scale. And I think that this will increase in the coming weeks and months.
Despite numerous advances, the price of XRP has disappointed investors in the year 2019. CEO, Brad garlinghouse predicts that this year the customer base is 30 to 40% more grows and the transaction volume by more than 600% should rise. Whether these big goals can actually be achieved, remains to be seen.
BNB is a great adaptation of the wave
The Binance Coin (NBB) is the in-house crypto-currency is one of the largest stock exchanges in the world, Binance. On the crypto currency stock exchange all traders get a discount on the trading fees when this BNB to keep. Depending on the length of membership on the stock exchange, the trade discount is reduced, however, over the years. Binance has cooperative partners worldwide and a comprehensive network, that the use and adaptation of the Binance can affect Coin positive. In addition, the Binance Coin is the most important crypto-currency of Binance a decentralized stock exchange. In the same way as in the case of Ethereum Chain transaction to fall in the Binance costs that are paid for with the BNB Coin. The Binance Chain is a Fork of tender mint uses the consensus mechanism of the Cosmos network.
The Binance Coin is one of the crypto currencies in the year 2020 with a large potential. The crypto currency is benefiting indirectly from any of Binance completion of the partnership, as the adaptation decisively driven is.
Cardano wants to replace Bitcoin
Cardano (ADA) was founded in September, 2017 by Charles Hoskinson, one of the co-founder of Ethereum,. At first glance, many of the same benefits that Ethereum seems to ADA to have With Cardano, developers can create, for example, local Apps and smart contracts. In the future, Cardano and the ADA want to some of the biggest problems the world Token to solve. Furthermore, Hoskinson has launched the year 2020 chosen Choren Bitcoin from the first place and to make Cardano to the world’s most popular crypto-currency. Also, Cardano is to unleash this year is the “beast” and the price in the long term neat on the rise.
Cardano has announced in the last report, that a gigantic marketing campaign is to be provided by a cooperation with the company McCann from Dublin, on the legs. McCann is a world-famous advertising Agency, which is already collaborating with heavyweights such as Microsoft and LinkedIn. Cardano takes to do this (freely translated):
Just this year, we will tackle the advertising really hard. I told my company that we pursue a first-Cardano-First strategy. […] We will be very aggressive in the commercialization of the technology, when Shelley and Goguen are activated.
Caradano is currently in the second phase of development the is also called Shelley. The main objective is the decentralisation further and the prerequisites for Goguen, the third Phase, to prepare. Furthermore, Cardano wants to create more Usescases in practice, ranging from the areas of Supply Chain and logistics management on IoT to a complex identity management. The objectives for the year 2020 are large, so that even Cardano offers great potential for investors.
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