December 1, 2020

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Seven cryptocurrencies expected to boom in 2020

3 min read
Seven cryptocurrencies expected to boom in 2020

The year 2020 looks promising for the cryptocurrency market. Of course, the crypt market will again see the influx of new digital currencies, and they will all want to make it as far as possible. Many cryptocurrencies are expected to stand out this year and in this article we will look at a few.

 

Ethereum (ETH)

 

Ethereum is the greatest challenger to Bitcoin for most of its life in the cryptocurrency world. However, this cryptocurrency has not made a big impression in recent months, but many experts believe there will be a change. This dApp platform gathered over 1.4 million users last year, of which 1.28 million were new users and the rest were returning. The Ethereum network has developed over the years the adoption rate is also high. Many experts predict that this year will be big for Ethereum.

 

Tezos (XTZ)

 

Tezos core technology, managed by the on-chain system, takes technology to the next level. Experts say that its ecosystem, once the main actors have shown interest, is to become the main infrastructure. This cryptocurrency is currently ranked 11th and is selling around $ 1.98. However, it is expected to grow to $ 12 by the end of the year.

 

Litecoin (LTC)

 

Litecoin was one of the most powerful cryptocurrencies last year and is expecting further growth this year with its great form. With its Lightning Network already in operation, Litecoin will be interchangeable with Bitcoin. Litecoin has always been perceived as superior to Bitcoin in matters of technology and its platform is ready to serve as a global payment method, something that Bitcoin cannot offer.

The price is expected to double this year. Experts believe this cryptocurrency will rise by as much as 440% by the end of the year. Currently at $ 69.70, this is one of the options to invest this year.

 

Stellar Lumens (XLM)

 

Stellar Lumens was created to conquer the market in 2020 with payment transfers, ICOs on its network, international payments in small banks and other financial institutions, decentralized exchanges such as SDEX, and the implementation of the Lightning Network.

Ripple (XRP) will dominate the big banks and now overtake Stellar (currently 5x larger than Stellar in terms of market share), but Stellar Lumens is expected to work for other market players, placing this cryptocurrency in the same league as the aforementioned digital coins.

 

Ripple (XRP)

 

Undoubtedly the ruling cryptocurrency in terms of banking infrastructure, Ripple is going to achieve even more this year. With a partnership with Western Union, global financial services and Moneygram deals, this cryptocurrency is reported to achieve 380% growth and, with its current price of $ 0.25, is one of the cryptocurrencies to focus on.

 

ICON (ICX)

 

ICON wants to connect cryptocurrencies to the real world by building a decentralized network that allows users to communicate between different blockchains. It will thus be a convenient platform to serve institutional and retail investors. The ICX token is currently at $ 0.52 and is expected to reach $ 5 this year, at least according to forecasts.

 

Cardano (ADA)

 

Cryptocurrency Cardano began this year strongly, from the initial $ 0.033 at the beginning of the month to the current $ 0.056. Although its adoption rate is still lagging behind, this cryptocurrency is expected to change this year, thanks to the launch of Goguen Poject and the KEVM testnet. Cardano predicts with 47% growth in the opening phase of the year bull run.

 

Summary

 

In today’s article, we looked at 7 cryptocurrencies for which we expect significant growth this year. We will continue to monitor their development and bring you new information about them.

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