What Top 10 Cryptocurrencies Will Explode in 2020?
If you have any plans to invest in the crypto market this year, we have good news for you! According to many crypto enthusiasts, 2020 is going to be the best year to invest in cryptocurrencies.
When it comes to deciding what crypto to invest in, the choice can be somewhat overwhelming as there are thousands of crypto coins available in the marketplace.
It’s difficult and time-consuming to do your research and sort the worthy ones from the “unfruitful” ones.
That’s why we’re here to help you. The following is a list of top 10 cryptocurrencies that are expected to explode in 2020 and make an even bigger impact in the years to come.
Ultimately, there is no single cryptocurrency we can point out as the best of the best. Many cryptocurrencies offer quite attractive opportunities for investment, depending on what you’re looking for and what your investment goals are.
One other thing to consider is the level of experience you have. For instance, some cryptocurrencies might be a good investment for beginners, while others are suitable for more advanced crypto traders.
You also have to keep in mind that buying the best cryptocurrencies is not enough to be a successful crypto trader.
Many traders have witnessed their crypto journey come to an end because they didn’t pay enough attention to security. If you are truly serious about investing in cryptocurrencies, you have to put effort into protecting your investment by reinforcing your security.
Many mistakes cryptocurrency investors make are related to security. For example, forgetting to enable 2FA (two-factor authentication), leaving your coins in an exchange, not owning a hardware wallet and more.
Let’s get back to our topic of discussion!
Watch out for the following top 10 cryptocurrencies and if you’re really interested in investing in the crypto market, make sure you have all the information needed.
What top 10 cryptocurrencies will explode in 2020?
The Follwong top 10 Cryptocurrencies wil explode in 2020, according to some cryptocurrencies analysts:
When talking about the top 10 cryptocurrencies to invest in right now, cryptocurrencies in general and smart crypto investments, all discussions should start with Bitcoin.
Why is that? Well, it’s because Bitcoin is the most used cryptocurrency to date, often referred to as “the king of cryptocurrencies”.
The main goal of Bitcoin is to become global, peer-to-peer, digital cash, which is detached from any form of regulation and thus fully decentralised.
Other than that, the reason why you should keep Bitcoin on your investment radar is that it has the highest liquidity in the crypto space, which also makes it the best cryptocurrency to buy if you are a beginner.
Ultimately, you will have absolutely no trouble buying or selling Bitcoin.
There will always be someone on the other end ready to match your order. Not just that but Bitcoin is also known to be one of the most stable cryptocurrencies, despite its volatility.
Bitcoin’s influence, demand and mass adoption are expected to go up in the years to come.
As demand increases, Bitcoin’s price is expected to rise substantially as there will only ever be 21 million coins. Back in January 2020, Nexo co-founder Antoni Trenchev told Bloomberg why he thinks Bitcoin price could keep increasing to $50,000 in 2020.
“I think that very easily we could see Bitcoin going up to $50,000 by the end of this year,” said Trenchev.
Risk Waring: Expert analysis is not a reliable indicator for any current or future performance, as circumstances may change over time.
One of the main reasons to consider investing in Litecoin this year is its high liquidity and a large market cap. If you want to avoid risks, stay away from coins with smaller market caps and communities and go with cryptocurrencies like Litecoin.
Why do we think Litecoin will explode this year and in the years to come?
Well, there’s a limited supply of 84 million coins (in comparison to Bitcoin’s 21 million) and a block reward of 25 LTC. This is a high block reward compared to other cryptos.
Also, the average time to mine a block on the LTC blockchain is approximately two minutes, which is also faster than most other cryptos.
This, along with the fact that Litecoin is one of the big four on Coinbase, many experts think that whatever happens in the future, Litecoin will surely remain one of the altcoins that keeps standing strong.
In 2020, Litecoin is still considered one of the most trusted and used cryptocurrencies, despite the strong competition.
You can’t go wrong investing in Ethereum in 2020.
Ethereum was the first major project to introduce smart contracts, allowing developers to launch desktop and mobile decentralised applications (dApps) on the back of blockchain technology and has remained one of the top ten cryptocurrencies in 2020.
Not just that but Ethereum is the second most liquid cryptocurrency, ranking right below Bitcoin. This means that you will have no issues with buying or selling Ethereum.
One more reason to believe that Ethereum will remain a strong investment in the years to come is that it has a loyal team and community. This gives Ethereum a better chance of staying stable and only increasing in value in the long run.
In addition, much more Ether (Ethereum tokens) can exist in comparison to Bitcoin or Litecoin. Ether fuels the dApp ecosystem, meaning that millions of developers and companies will need it to support their smart contracts and launch applications.
BAT – Basic Attention Token
The BAT has been one of the hottest cryptocurrencies throughout 2018, 2019 and 2020.
Basic Attention Token (BAT) is another utility token and is utilised by the Brave Browser. The BAT token is used to tip content creators, as well as virtually anyone you find helpful on the Internet.
You can choose how to tip them for any insightful information or content you receive. This has a lot of potential as the web browser industry is quite enormous.
Not just that but users who watch ads can also get rewarded in BAT. This is an area yet to be explored and potentially could lead to a lot of new opportunities for both the end viewer and the Brave Browser.
With so many other coins collapsing, BAT remains surprising consistent, which is a good sign of a healthy accumulation.
The demand for the coin is expected to grow, which would likely lead to an increase in price valuation for the token.
NEM is actually quite different from other cryptocurrencies for two main reasons, which makes it quite attractive to young investors.
First, instead of mining, you ‘harvest’; second, ‘proof-of-importance’ is how you determine who will harvest the next block. On top of being a cryptocurrency, NEM is also a platform for building applications.
NEM also has quite fast transactions speeds; it takes six seconds for a new transaction to appear and 20 seconds to be confirmed. Transaction costs are also very low.
Another benefit of NEM is that it uses 100x less power than BTC, for instance, to run a node or harvest.
NEM is an ambitious project with some really large goals. It’s definitely more than a cryptocurrency.
The team behind the platform believe that it can revolutionise many areas, including loans, game data, royalties, smart contracts, ownership records, and the launching of ICOs.
It’s definitely a venture worth keeping up with.
NEO is often referred to as the China-based Ethereum.
NEO is another smart contract platform with a lot of potential. Like Ethereum, Neo also allows developers to launch decentralised applications on the blockchain.
The technology behind NEO, underpinned by a Delegated Byzantine Fault Tolerant system, is considered quite sophisticated, utilising improved proof of stake tech.
NEO is in the top 20 at CoinMarketCap, which means that it’s a highly liquid asset. The founders are also very experienced and trusted among the crypto community, further boosting the credibility and value of NEO.
The value of the NEO coin is slowly gaining momentum and starting to rise upwards. The most appealing aspect of NEO to investors is the obvious similarities between NEO and Ethereum.
Both platforms are more than just crypto coins. They allow the creation of digital assets, smart contracts and applications on their blockchains.
On the NEO platform, however, tokens are distributed to prove ownership of an asset, instead of the asset itself. This makes it more straightforward to transfer shares, equity and assets.
BNB – Binance Coin
Binance Coin is one of the best cryptocurrencies to buy if you want to diversify your portfolio and already own major coins like BTC or ETH.
The company, Binance, has a solid business history and an experienced team behind its main concept, which is to be a utility token.
The value of Binance Coin comes from how useful it is, along with the level of demand for its utility.
The success of Binance is proof to a lot of investors that they have the skills and resources to make this coin a success.
Binance Coin is also one of the most liquid cryptocurrencies right now, ranked within the top 10 on CoinMarketCap.
Its volume shows consistent growth as well. Despite volatility, the price of a Binance Coin has multiplied x3 earlier this year.
The Binance exchange is also one of the world’s fastest-growing cryptocurrency exchanges. Any transactions on the exchange are done using Binance Coin, making BNB one of the fastest-growing cryptocurrencies this year, in terms of trading volume.
The reason why we’re adding Tron to the list is that a couple of years ago it acquired BitTorrent. In the long term, this could mean big things for the company and their value if they manage to develop more secure and decentralised torrenting methods.
Some expect innovations such as distributing file parts across a network and recombining them for users to download. Ultimately, Tron is considered an ambitious initiative with a lot lined up in the years to come.
Another reason why TRON is on our list is that TRX/Tronix (the name of the cryptocurrency used on the Tron network) is one of the few ERC-20 tokens that made it to the main net. Its blockchain is up and running!
TRON has over 300,000 accounts. While it’s a lot less than other cryptocurrency networks, the growth is quite impressive.
Last year, TRX was ranked 15th on the list of the largest cryptocurrencies by market capitalisation.
Tronix can also be used by content consumers to pay content creators for access to original material. The coins would then go to the producers’ accounts and can be exchanged for other cryptos or used to pay for various blockchain services.
For these reasons we believe TRX is an altcoin with a future and investors should consider do more research before investing in it this year.
A lot of people who have addressed the shortcomings of the Ethereum network are already shifting their investments to EOS.
EOS has already overcome some of Ethereum’s barriers such as the requirement to know how to code in Solidity to develop dApps and is well-known for providing services to developers, including account management services and creating databases that do not require programming knowledge.
Investors are also praising the many technological advantages of EOS, including the fact that the platform performs much faster than Ethereum and Bitcoin and is more scalable.
There is no need for users to pay gas fees to use the network; there’s a centralised group of 21 gatekeepers who approve transactions.
Another reason why EOS might attract your attention this year is the huge and very enthusiastic community. On top of that, EOS completed a successful token sale and has acquired the capital it needs to develop to its full potential in the years to come.
When it comes to market capitalisation, Ripple comes in third place, right after Bitcoin and Ethereum.
The concept and goals of Ripple are a little different than the rest of the cryptocurrencies on this list.
Ripple is a venture-backed start-up that offers financial settlement services to banks which allows them to make transactions directly and instantly across national borders.
Because of this, Ripple is oriented more towards large institutions, rather than to individual users. It has partnered with large banks around the world and even more financial institutions are looking to adopt the Ripple protocol.
The reason experts think Ripple might explode this year and in the years to come is the fact that due to its institutional support and being safe from SEC regulation, XRP will surely remain a powerhouse among the cryptocurrency community.
We hope that by now, you got a good idea of some of the top 10 cryptocurrencies that will explode in 2020 and might end up bringing you profit if you consider investing in them.
Keep in mind that investing is always a risky process and it’s not something to be rushed. You should only make investment decisions after spending a significant amount of time researching the investment opportunity.
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