Without wasting your time, here are the hottest cryptocurrencies to look at over the year 2020:
Without a doubt, the most obvious cryptocurrency to purchase in 2020 is bitcoin. Over the course of the next few months, bitcoin will turn out to be a direct beneficiary of slowing supply growth and boosting demand growth across the cryptocurrency world.
On the supply side, the third halving in May will directly influence the number of new bitcoins coming into the market, and will somewhat halt the supply growth.
Meanwhile, on the demand side, cryptocurrency interest will soar in 2020 as the third halving grabs media coverage and public attention. Bitcoin demand will move higher since this is the “gateway” into cryptocurrencies for the rookie investors. That is, as rookie investors step into the cryptocurrency market over the next few quarters, the majority of them will most probably start by getting their feet wet with bitcoin.
Boosting demand growth and restricted supply growth will result in higher prices for bitcoin in 2020.
Privacy is a top priority in the cryptocurrency community, and privacy-focused coins will most probably win big in 2020. That’s why I believe that the top privacy coin Zcash will be one of the top altcoin investments for 2020.
Zcash is a pure-play on the growing significance of privacy in cryptocurrency.
A prominent altcoin positioned for potentially big gains in 2020 is Ripple.
It is a company that leverages blockchain technology to allows banks, payment providers, digital asset exchanges, and corporations to send/transfer money globally, often using the company’s cryptocurrency, XRP.
In several ways, Ripple is the infrastructure behind cross-border cryptocurrency payments.
As cryptocurrencies grab more mainstream traction, Ripple is including more and more banks and various other customers to its network. Most recently, the National Bank of Egypt just joined hands with Ripple.
More and more banks will be joining hands with Ripple in 2020 as cryptocurrency demand and awareness rises. And when it happens, the price of XRP will rise, too.
Basic Attention Token (BAT)
One of the more intriguing cryptocurrencies to watch out for in 2020 — and which could explode higher — is Basic Attention Token.
The central idea behind BAT is quite simple. The digital advertising model is broken, in that user and advertiser incentives are not aligned. Instead, they run opposite one another. That is, advertisers want users to watch their ads, while consumers want to skip the ads.
One of the hottest and the most trending cryptocurrencies, and one which I believe will remain to the trend for the foreseeable future, is Chainlink.
I first recommended Chainlink in early January for $2.09. Currently, Chainlink trades hands at $3.87, up a whopping 85% in just a matter of five months. What’s more, that 85% return over the past five months, follows a 450% return in 2019.
In simpler words, Chainlink has been scorching hot. Powerful fundamentals imply that it will remain hot for the foreseeable future.
Synthetix Network Token (SNX)
The Synthetix Network Token is an incredibly cool platform in the ethereal ecosystem which leverages blockchain technology to help bridge the gap between the often very obscure cryptocurrency world, and the far more tangible traditional asset world.
It’s a very unique idea and a promising project in the ethereum landscape. Because it assists in bridging the gap between cryptocurrencies and traditional assets, it creates a level of familiarity and value that is often missing in other cryptocurrency assets. This familiarity and value ultimately position SNX prices to rise in 2020.
DxChain Token (DX)
On the smaller side, a cryptocurrency that looks like an interesting speculative buy in 2020 is DxChain Token.
DxChain is one ambitious project which aims to use blockchain technology to solve the world’s data computation, storage, and privacy issues. It’s a tall order. But, if it works, it could yield huge results in terms of DXC usage and value growth.
In 2020, data privacy concerns are front and center. As such, privacy-focused coins should rise. DXC is one of the more interesting privacy-focused coins with potentially huge long-term upside.
In the bigger picture, it’s not an understatement to say that the opportunity in cryptocurrency in 2020 is a once-in-a-lifetime event.
New technologies are quite often undergirded by periods of rapid, exponential growth, before either dying out in supernova fashion or normalizing to meet realistic expectations. So, when cryptos had their first “once-in-a-lifetime” event in 2013 — which turned every $1,000 into $93,000 — the spectating world thought they had missed out.
Then came the next life-changing event in 2017, turning every $5,000 into $123,000 … that was assuredly the big boom that you either rode to 25x gains or, well, you didn’t, right? Wrong. Cryptocurrencies are unlike any trend we’ve ever seen before, and there will be another opportunity for investors to turn a fistful of dollars into millions of dollars.
And if you want more encouragement to buy digital money, you can read it here