According to experts, 2019 will be a great year for the crypto market, but How does the future of Cryptocurrencies in 2020? and What is the best cryptocurrency to invest in 2020?
With the amount of turbulence in the cryptocurrency industry, it is next to impossible to predict which cryptocurrencies will top the list in 2020. We want to be optimistic and publish the list of the 10 best cryptocurrencies that we believe are great for investment.
The cryptocurrency market is extremely volatile, but there are some more high-risk than others and for this reason we must differentiate our approach to be able to understand which are the best cryptocurrencies on the market.
1 Ripple (XRP)
Ripple (XRP) is an independent digital asset that is native to the Ripple Consensus Ledger. With proven governance and the fastest transaction confirmation of its kind, XRP is said to be the most efficient settlement option for financial institutions and liquidity providers seeking global reach, accessibility and fast settlement finality for interbank flows. Read also: 5 Things to Know Before Investing in Ripple
2 Ethereum (ETH)
Ethereum is a smart contract platform that enables developers to build decentralized applications (dapps) conceptualized by Vitalik Buterin in 2013. ETH is the native currency for the Ethereum platform and also works as the transaction fees to miners on the Ethereum network. Read also: An Ultimate Guide for Buying Ethereum (ETH) in 2019
3 Litecoin (LTC)
Litecoin is a peer-to-peer cryptocurrency created by Charlie Lee. It was created based on the Bitcoin protocol but differs in terms of the hashing algorithm used. Litecoin uses the memory intensive Scrypt proof of work mining algorithm. Scrypt allows consumer-grade hardware such as GPU to mine those coins.
4 Tron (TRX)
TRON strives to build the future of a truly decentralized internet and global free content entertainment system that utilizes blockchain technology. The TRON Protocol represents the architecture of an operating system based on the blockchain which could enable developers to create smart contracts and decentralized applications, freely publish, own, and store data and other content. Read also: 3 Reasons to Invest in Tron (TRX)
5 Tether USDT
Tether is a cryptocurrency with a value meant to mirror the value of the U.S. dollar. The idea was to create a stable cryptocurrency that can be used like digital dollars. Coins that serve this purpose of being a stable dollar substitute are called “stable coins.” Read also: What is Tether USDT Coin? The Most Comprehensive Guide Ever
EOS is a blockchain protocol powered by the native cryptocurrency EOS. The protocol emulates most of the attributes of a real computer including hardware (CPU(s) & GPU(s) for processing, local/RAM memory, hard-disk storage) with the computing resources distributed equally among EOS cryptocurrency holders.
7 Stellar (XLM)
Stellar is an open-source protocol for value exchange founded in early 2014 by Jed McCaleb (creator of eDonkey) and Joyce Kim,Stellar is the official currency used in the Stellar network. It allows a peer-to-peer capital transaction in real time.
8 Binance Coin (BNB)
Binance Coin is the cryptocurrency of the Binance platform. The name “Binance” is a combination of binary and finance. As of 2019, many businesses accept BNB as a form of payment.
Maker is a smart contract platform on the Ethereum chain that backs and stabilizes the value of stablecoin DAI through a dynamic system of Collateralized Debt Positions (CDP), autonomous feedback mechanisms, and appropriately incentivized external actors.
NEO, formerly Antshares, aims to build a ‘smart economy’ by incorporating digital assets, digital identities, and smart contracts.