TOP 10 CRYPTOCURRENCY TO WATCH OUT FOR IN 2020

We live in a new age where almost everything is done online and there are have been advancements in this area to further increase the effectiveness. Cryptocurrency is a huge step in the digital world and has managed to solve many problems in this sector from cash transfer to smart contracts and so on. Bitcoin has been the gem of Cryptocurrency and so many investors got to know about the Cryptocurrency because of it, but there are other Cryptocurrencies you can invest on which includes:  

1. Bitcoin

Of course, the first Cryptocurrency to watch out for is the Bitcoin. It has brought the Cryptocurrency technology out to the world in the effort of understanding the technology by which Bitcoin works. Today one Bitcoin is worth above $8,000 and a lot of businesses accepted it as a valid mode of payment. Bitcoin was created in 2009 by a person or group known as Satoshi, Bitcoin offers Decentralization in the transfer which means it eliminates the middlemen and hereby makes transactions faster and secure.

2. Ethereum

Ethereum is the closest competitor to Bitcoin in the Crypto world. It is different from Bitcoin in usage and technology. Ethereum is used mostly by developers that build and run applications on the Ethereum platform. This Cryptocurrency can be used to decentralize, code, and trade just about anything. It also offers the “Smart Contract” which can be used to trade not only cash but property and other valuable things. It was created in 2014, and it presently has a value of over $176.41

3. Litecoin

Litecoin was created in 2011 and popularly referred to as the “Silver to Bitcoin’s Gold”. This Cryptocurrency is similar to Bitcoin in a lot of ways but it boasts of a faster block generation rate which in return increases the speed of confirmation of transactions.

4. Bitcoin Cash

Bitcoin cash was created in the year 2017 as a result of a split from Bitcoin. The rift was caused because Bitcoin has a limited and restricted number of block and as the Cryptocurrency grew, confirmations of the transaction have become slower. Bitcoin cash tackles this problem by increasing the size of the block from Bitcoin’s 1MB to 8MB. Bitcoin cash has a present value of over $223.27 and has experienced a significant boost since it was launched.

5. Dash

Dash was formerly known as “Darkcoin”, this Cryptocurrency was created in the year 2014 and has experienced a significant increase and acceptance since then. Dash offers more decentralization and also a faster transaction time as compared to Bitcoin. The transactions for this Cryptocurrency are almost untraceable. It presently has a market value of over $69.74 which is a significant increase since its launching.

6. Monero

A Cryptocurrency released in 2014, boasts of keeping the identity of its users hidden and also group each transaction and mix with others so that it becomes almost impossible to find. This Cryptocurrency found usage in the black market before coming to the mainstream and has received warm acceptance. It has a present value of $45.20 per token.

7. Tron

As Bitcoin is the future of digital cash transactions, so is Tron to the world of Content. Content sharing has always dealt with intermediaries such as YouTube, Amazon and other applications. Tron eliminates all intermediaries when it comes to content sharing and allows direct sharing of content to viewers and receiving rewards. Tron has a per token value of over $ 0.014.

8. ZCash

ZCash offers its users the choice of anonymity which allows for the encryption of contents using a technology built by its team known as zero-knowledge proof construction.  Details like sender, receiver, and the amount involved in a transaction remain private with this Cryptocurrency. ZCash was launched in 2016 and has a present per token value of $45.74

9. Ripple

Ripple connects financial institutions, payment providers, and Corporates via Ripplenet to provide a smooth experience in sending money globally. Ripple isn’t only the currency but also a platform for trading the currency. Ripple is quickly gaining trust among users since its launch in 2012. It has a per token value of $0.30 in mid-2019.

10. Neo

This is fondly called “Chinese Ethereum“. This is another Cryptocurrency that allows the usage of smart contracts. The building mechanism of Neo can process over 10,000 transactions per second. It was created in 2014 and experienced it’s most successful year in 2018 reaching an all-time high of $196.85 just a year after its launch. Neo collaborated with the Chinese Government to build a “smart economy”. It has a per token value of $9.18 in mid-2019

Bottomline

Currently, Bitcoin still continues to lead the pack of cryptocurrencies, in terms of market capitalization, user base, and popularity. Nevertheless, virtual currencies such as Ethereum and Ripple, which are being used more for enterprise solutions, are becoming popular, while some altcoins are being promoted for superior or advanced features. From the current market trend, cryptocurrencies are here to stay. The question is, how many of them will emerge as leaders amid the growing competition within the space? Only time will tell.

Disclaimer: The blog content above does not constitute financial advice in any way whatsoever. Nothing published by LinqCash constitutes an investment recommendation, nor should any data or Content published by LinqCash be relied upon for any investment activities.

LinqCash strongly recommends that you perform your own independent research and/or speak with a qualified investment professional before making any financial decisions.