Top 8 Potentially Profitable Cryptocurrencies To Invest In 2020

If you are a crypto investor and want to know about the future trends of cryptocurrencies even before they happen, you are at the right place. Every investor desires that he could just look into the future and find out whether the cryptocurrency he is investing in will grow or simply vanish from the market after, say, a year or so. If you also are looking for the top cryptocurrencies that will grow this year, here is the list. Now, it’s not possible to exactly determine or forecast the future trend of a cryptocurrency, but we have listed here the highest potential coins based on research and data analysis for the coming year. Hope, you find the list useful. Bitcoin The king of cryptocurrencies continues to remain the first choice of crypto investors even after a decade. It’s also the biggest cryptocurrency in terms of market cap and popularity. Despite the fact that the rewards for bitcoin miners are continuously reducing, the trends say that Bitcoin will continue to rule the crypto industry this year and beyond. According to market experts, bitcoin will end the year with a 65-70% dominance index and as the coin with the largest market capitalization, which will continue to grow its market value and demand. Also, there are good prospects for increasing the usability and applications of this coin in many areas. Ethereuz Second to Bitcoin, ETH is the obvious contender to become the market champion this year. Even though it has slowed down a bit in growth in the last couple of months, users still appreciate it as the coin (blockchain) that gave birth to the concept and possibility of decentralized applications, which will continue to remain the selling point for this cryptocurrency. Experts believe that the popularity of ETH may take it to the value of $1,000 this year. At the time of writing this article, the price per ETH was $258.45 USD. Titan Coin Titan coin is an altcoin that came into existence only about a couple of years ago but has already become one of the fastest-growing cryptocurrencies of our time. Among other things, the most obvious reason behind the unprecedented growth of this coin is the availability of significant use cases (apps), which keep creating the demand and value for the coin. Besides creating a powerful payment-based cryptocurrency for global, peer-to-peer payments, the Titan developer team focused equally on building the use cases in the form of a series of high-demand mobile apps, such as Titan Family security, Team11 (fantasy gaming), Salesman Reporting app, among others. All these apps accept payments in titan coin, giving the investors and holders multiple ways to liquidate. NEO China’s first public cryptocurrency that aims to revolutionize the traditional financial system by integrating real assets like gold and fiat currencies with digital is liked by millions who are actively investing and trading it. NEO was originally launched as Antshares and was renamed to NEO in 2017. It allows startups, individuals and professionals to build and launch their digital assets powered by actual real assets on its blockchain. As a blockchain platform for developing smart contracts and DApps, NEO has been a close competitor to the likes of Ethereum. EOS EOS is the cryptocurrency that powers the EOS blockchain protocol. EOS became famous as a blockchain platform that not just allowed the creation of smart contracts and applications but also was able to process millions of transactions each second. Also, the team is working on making the transaction fee nearly zero, so that would be an added advantage for those trading and using this cryptocurrency. Among other things, EOS solves the scalability issues of Ethereum and places itself as a strong contender if there ever will be a need to replace the latter. Since the price is low (~$4 per coin) currently, it’s the best time to invest in EOS. XRP Ripple is a cryptocurrency exchange platform that is being actively used by many leading organisations in the finance market, including banks, to perform financial transactions on a daily basis. However, you can’t (or shouldn’t) expect to make a lot of profits from your XRP investments, as the price of the coin has never crossed $0.7 and is not likely to do so in the near future. Some investors blame the company for it, saying that it tries to keep the price stable by draining a huge number of tokens. LTC Litecoin was released as an open-source blockchain software project, accompanied by a peer-to-peer cryptocurrency. Like any other cryptocurrency, the payment/transfer transactions involving Litecoin are based on a secure, open-source and peer-to-peer blockchain protocol that ensures that transactions are transparent and independent of central authorities or intermediaries. Ever since LTC was introduced in 2011 as a bitcoin alternative, it has been maintaining a good reputation among the investors and currently trades as one of the top 10 coins in terms of market cap. One of the reasons why LTC is a good

Top 8 Potentially Profitable Cryptocurrencies To Invest In 2020
If you are a crypto investor and want to know about the future trends of cryptocurrencies even before they happen, you are at the right place. Every investor desires that he could just look into the future and find out whether the cryptocurrency he is investing in will grow or simply vanish from the market after, say, a year or so. If you also are looking for the top cryptocurrencies that will grow this year, here is the list. Now, it’s not possible to exactly determine or forecast the future trend of a cryptocurrency, but we have listed here the highest potential coins based on research and data analysis for the coming year. Hope, you find the list useful. Bitcoin The king of cryptocurrencies continues to remain the first choice of crypto investors even after a decade. It’s also the biggest cryptocurrency in terms of market cap and popularity. Despite the fact that the rewards for bitcoin miners are continuously reducing, the trends say that Bitcoin will continue to rule the crypto industry this year and beyond. According to market experts, bitcoin will end the year with a 65-70% dominance index and as the coin with the largest market capitalization, which will continue to grow its market value and demand. Also, there are good prospects for increasing the usability and applications of this coin in many areas. Ethereuz Second to Bitcoin, ETH is the obvious contender to become the market champion this year. Even though it has slowed down a bit in growth in the last couple of months, users still appreciate it as the coin (blockchain) that gave birth to the concept and possibility of decentralized applications, which will continue to remain the selling point for this cryptocurrency. Experts believe that the popularity of ETH may take it to the value of $1,000 this year. At the time of writing this article, the price per ETH was $258.45 USD. Titan Coin Titan coin is an altcoin that came into existence only about a couple of years ago but has already become one of the fastest-growing cryptocurrencies of our time. Among other things, the most obvious reason behind the unprecedented growth of this coin is the availability of significant use cases (apps), which keep creating the demand and value for the coin. Besides creating a powerful payment-based cryptocurrency for global, peer-to-peer payments, the Titan developer team focused equally on building the use cases in the form of a series of high-demand mobile apps, such as Titan Family security, Team11 (fantasy gaming), Salesman Reporting app, among others. All these apps accept payments in titan coin, giving the investors and holders multiple ways to liquidate. NEO China’s first public cryptocurrency that aims to revolutionize the traditional financial system by integrating real assets like gold and fiat currencies with digital is liked by millions who are actively investing and trading it. NEO was originally launched as Antshares and was renamed to NEO in 2017. It allows startups, individuals and professionals to build and launch their digital assets powered by actual real assets on its blockchain. As a blockchain platform for developing smart contracts and DApps, NEO has been a close competitor to the likes of Ethereum. EOS EOS is the cryptocurrency that powers the EOS blockchain protocol. EOS became famous as a blockchain platform that not just allowed the creation of smart contracts and applications but also was able to process millions of transactions each second. Also, the team is working on making the transaction fee nearly zero, so that would be an added advantage for those trading and using this cryptocurrency. Among other things, EOS solves the scalability issues of Ethereum and places itself as a strong contender if there ever will be a need to replace the latter. Since the price is low (~$4 per coin) currently, it’s the best time to invest in EOS. XRP Ripple is a cryptocurrency exchange platform that is being actively used by many leading organisations in the finance market, including banks, to perform financial transactions on a daily basis. However, you can’t (or shouldn’t) expect to make a lot of profits from your XRP investments, as the price of the coin has never crossed $0.7 and is not likely to do so in the near future. Some investors blame the company for it, saying that it tries to keep the price stable by draining a huge number of tokens. LTC Litecoin was released as an open-source blockchain software project, accompanied by a peer-to-peer cryptocurrency. Like any other cryptocurrency, the payment/transfer transactions involving Litecoin are based on a secure, open-source and peer-to-peer blockchain protocol that ensures that transactions are transparent and independent of central authorities or intermediaries. Ever since LTC was introduced in 2011 as a bitcoin alternative, it has been maintaining a good reputation among the investors and currently trades as one of the top 10 coins in terms of market cap. One of the reasons why LTC is a good investment for 2020 is the high trading volume. The coin will exhaust 3/4th of its mining volume this year, which is expected to boost its demand and value. Monero (XMR) Monero is a relatively newer cryptocurrency, not as popular as others in this list, but one with high potential and ability to grow. Similar to other cryptocurrencies, Monero focuses on privacy and decentralization in transactions, allowing users to make transactions over a public yet highly secure blockchain network. Among other things that make Monero a good investment this year is its ability to provide 100% anonymity to the users. Since it’s essentially a digital coin, XMR can be used for buying and selling things as well as for trading cryptocurrencies. Conclusion Here we have covered only the top cryptocurrencies that are expected to grow this year based on the market hype, trends and analysis. Of course, there will be launched many new cryptocurrencies in 2020, some of which may have high-potential to be worthy of your investment. So, keep an eye out for such new, high-potential coins. The post Top 8 Potentially Profitable Cryptocurrencies To Invest In 2020 appeared first on Blockchain News | Blockchain Structure | Blockchain Technology.