Top 5 Cryptocurrencies with Huge Potential in 2020

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While 2019 was a great year for crypto and crypto regulation, 2020 is shaping up to be an even bigger and pivotal year for the crypto industry. 2020 will see the third Bitcoin Halving take place which, combined with political and economic events, is expected to create perfect conditions for increase in Bitcoin prices.

Since the crypto market is indexed to bitcoin, the price of Bitcoin will directly result in the entire cryptocurrency market price increases, and this is where the opportunity lies.

Selecting the right cryptocurrencies is key to leveraging the expected returns. However, it is likely that a lot of cryptocurrencies will also see a demise, as recently predicted by Ripple CEO.

Here is our list of cryptocurrencies that show huge potential in 2020 based on current use cases and value addition to the ecosystem:

 

  1. Bitcoin (BTC)

In 2019, Bitcoin has seen a 100% plus in performance. Throughout the decade, the picture is even brighter. Currently, the crypto commands about 70% of the cryptocurrency market dominance.

The coming Bitcoin Halving in 2020, which will see the number of bitcoins released into the ecosystem slashed by half, is expected to boost the bitcoin valuation and price which makes it a good crypto to watch.

 

ALSO READ: Bitcoin was the Best Investment of the Decade, Says Bank of America Securities Report

2. Ethereum (ETH)

Ethereum is the most widely known crypto by the general public after Bitcoin. Interestingly, unbeknownst to many, Ethereum has more users on its blockchain than Bitcoin. The ongoing migration to Ethereum 2.0, a Proof-of-Stake and more stable platform, deployment of Sharding, and the new eWasm virtual machine, are all expected to be fully completed by 2021. The road to this realization is expected to come with a boost in the price of Ether.

Currently, most of the capitalized cryptos and blockchain projects rely on the Ethereum blockchain to operate. The huge number of cryptos in the decentralized finance sector (DeFi), headed by Maker, that rely on the Ethereum blockchain makes Ether a crypto to watch in 2020.

 

3. Enjin Coin (ENJ)

The video game industry has earned more revenue than the movie and music industries combined in the last past 8 years with the latest statistics placing it at over $150 billion per year. This industry is not expected to slow down in 2020 and is expected to exceed $180 billion by 2021.

Enjin is the largest online gaming community with over 20 million users and 250, 000 gaming communities. The Enjin Coin is used within and powers the Enjin’s gaming ecosystem, and with recent partnerships with Samsung and Microsoft, the Enjin Coin is expected to enter the Top 50 Most Capitalized Cryptocurrencies as gamers continue to spend more time online playing and buying virtual items. Enjin Coin is ideally fitted to tokenize this huge economy making it one of the cryptos to watch out in 2020.

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4. Binance Coin (BNB)

Binance Coin is the crypto that facilitates trades on the Binance platform, the largest crypto trading platform by volume worldwide. BNB is also the most successful cryptocurrency of the year as of December 2019.

As an established heavyweight in the crypto trading industry, Binance added a crypto lending service to its long list of new services in 2019 and this is only expected to strengthen the Binance Coin as more customers use these services. BNB is definitely a crypto to watch out in 2020.

 

5. Basic Attention Token (BAT)

Basic Attention Token was founded by Brendan Eich, the creator of the JavaScript Programming Language. With the success of the Brave Browser in 2019 which saw the browser hit the 10 million activer per month mark, adoption of the browser and BAT, the token powering the ecosystem, is only expected to grow in 2020.

BAT is already being used to reward content publishers on popular platforms like YouTube, Twitter, Twitch and Reddit, with over 300, 000 editors currently verified by BAT. By addressing a real problem, an open Web with an innovative advertising model, BAT is definitely a crypto to watch out in 2020.

 

Bonus: Nexo (NEXO)

As a bonus, Nexo, is an instant crypto credit line platform that allows users to deposit crypto in their Nexo account and instantly have a line of credit in fiat currency without the need for any verification. The automated Nexo platform enables users to spend their credit via a card or via a bank account making it quite seamless.

With digital credit services on the rise globally, Nexo is already profitable having reached $700 million in loans to more than 200, 000 users in 2019 with more than $67 million in profits, making it one of a few crypto projects currently making money.

Watch out for NEXO in 2020.

 

Disclaimer: The above post is for informational purposes only. You should not construe any such information or other material on this website as legal, tax, investment, financial, or other advice.

 

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