Bitcoin has grown from $ 1,000 to $ 7,500 over the past three years. There is no denying that we are moving towards a decentralized community. What cryptocurrencies have the greatest growth potential in 2020?
Bitcoin as the beginning of a new era
Countries around the world are beginning to notice the opportunities that digital currencies can offer. Bitcoin’s humble beginning could have served as the beginning of the peer-to-peer transfer era by omitting the middleman.
In recent years, various companies have been issue various coins / tokens / cryptocurrencies that could become competitors of the increasingly popular Bitcoin. The question, however, is which of these coins will last and be worth it in 2020?
The best cryptocurrencies for 2020
The list below presents the 5 major cryptocurrencies that could become the driving forces for 2020 and which are worth watching more closely this year.
In 2019, there was no significant growth and investors are disappointed. The $ 0.18 XRP is a weak decoction that it was worth $ 3.5 per item. Considering the possibility that XRP will dominate the institutional banking system thanks to the possibility of XRP partnerships with Western Union or MoneyGram.
Analyst Tip: Reaches a possible $ 0.42 at least once a year.
Institutional money, together with increased adoption of the Lightning Network, as well as the possibility of a global crisis will help secure BTC growth. The SEC may reconsider the proposal for bitcoin ETFs. Uncertainty about the financial meltdown is on the horizon. Other factors for the growth of BTC are also the entry of institutional companies, FOMO regarding halving, adoption will continue.
Analyst Tip: At least once a year it reaches a possible $ 14,500.
Ethereum has problems handling the transaction load that is critical to DApps, despite a massive lead over other competitors. While there are serious shifts in Ethereum, only time will tell whether upgrading to Casper and Sharding will have no effect on the system. ETH 2.0 is already awaiting us in January 2020, which will certainly raise the price and interest of investors in ETH.
Analyst Tip: At least once a year reaches $ 300.
ChainLink (LINK) is a decentralized Oracle service designed to link intelligent contracts to real-world data. ChainLink, unlike most altcoins, which bounced after bear market 2018 in 2019, has already bottomed in 2018 at $ 0.159 (exactly 26.06.2018) and since that date is in the bull market. High in 2019 was at $ 4.81. Overall, LINK in 2019 (if you invested in 01.01.19) improved by an incredible 1 603%.
Analyst Tip: At least once a year it reaches $ 3.5.
LTC growth is expected in 2020. In 2019 LTC investment increased 377% before halving. After that, the price dropped almost to the initial value with which the LTC started until 2019. We are currently at $ 42, while only 6 months ago we were at $ 147. In addition, LTC is also supporting its collaboration with Bitcoin within the Lightning Network.
Analyst Tip: At least once a year reaches $ 100.
The beginning of 2019 looked like a withdrawal from the bear market for the entire cryptocurrency industry. This was largely due to strong fundamentals, such as the expectations of Litecoin halving and Bakkt, which drove Bitcoin up in the first half of 2019. ETH 2.0 and the already mentioned bitcoin halving in May 2020 await us in 2020.
“At least once a year” is based on price predictions that we could achieve in 2020 with strong fundamentals.
“At least once a year” is merely the author’s subjective opinion, does not encourage investment and is not an investment board. “At least once a year” relies on events in 2019 and market cycles since 2014. Multiples of prices from the current price are a possible reflection of the fundamentals and their expected application to the price.