The last year has been an explosive roller coaster ride in the world of digital money. The best-known of all cryptocurrencies, Bitcoin (BTC), started the year at a staggering $ 3,800 and has started a breathtaking rally – the price shot up to $ 8,000 in the middle of the year and peaked at around 12 in mid-July .ooo dollars. From August onwards, crypto fans unfortunately had to walk on bumpy roads and the cryptocurrency jumped between $ 9,000 and even $ 6,000. Of course, the number one on the crypto market also pulled the other coins and they have experienced similar ups and downs – a look into the past reveals: After a low, a new all-time high can also come very quickly. So let’s take a look at the best of cryptocurrencies in 2020 and their potential.
Best cryptocurrencies for 2020
- Bitcoin: the undisputed number one
- IOTA: a step towards the future
- Ripple: The gold treasure for business
- EOS: The Greek goddess
- Litecoin: the hidden champion
- Binance Coin: crypto exchange coin takes off
- Tether: At the top of the mountain
- Bitcoin Cash: Big Performer in 2020
- Stellar Lumens: light at the end of the tunnel
- Libra: On the radar
Bitcoin: the undisputed number one
Friends of the more inconspicuous coins could of course cry out and join the movement “Bitcoin has been sucked out”, but one should not forget that the best-known of all cryptocurrencies has been on the pole position of the coin charts for many years and no other currency yet has such a high market capitalization. Therefore, Bitcoin will continue to be one of the best cryptocurrencies in 2020! Furthermore you have to go to the Bitcoin (BTC) Clearly say that the coin has paved the way for many more. The most important characteristic of bitcoin is its decentralization. The Bitcoin network is not subject to any institutional control. This means that no central bank and no state can control the money supply and determine the framework – the network controls itself. Building on this, the entire cosmos around digital money has developed. So: As a pioneer in crypto, Bitcoin must under no circumstances be ignored.
IOTA: a step towards the future
One of the most exciting cryptocurrencies in 2020 is an absolute technology coin: IOTA. If you frown now and wonder how a coin can get to number 20 on the chart among the best cryptocurrencies in 2020, then the answer is: the confusion is to blame! All crypto fans should understand what is meant – namely the tangle, the heart of IOTA. And this technology is promising: after first contact with the automotive industry giant VW, other real-life adaptations have also opted for IOTA – recently the Hyperledger technology is now to be coupled with the Tangle. This enables free transactions in the supply chain to be guaranteed. The advantages are more than promising: the tangle consists of many strands that connect nodes with each other and each of these points represents a transaction. So the whole mess consists of only transactions. Unlike the blockchain, each transaction is confirmed by two previous transactions, so verification takes place in the network itself. There is no need for complex mining. A real use case, which has already caused several companies to pay attention: IOTA is not about to get lost in the confusion, but benefits from its individuality. You should have IOTA on your screen in 2020 as one of the best coins!
Ripple: The gold treasure for business
While many cryptocurrencies are more intended for the end user, Ripple is committed to being a digital currency for companies at an international level. This is precisely why a coin that is geared for business should be one of the best cryptocurrencies for 2020. The solution is to create a common standard for payments and use XRP as a digital asset. Ripple is the only digital asset that was explicitly developed for financial institutions and payment providers. The Internet of added value plays a major role here: the transfer of values for companies is the main focus of Ripple (XRP) . That makes it one of the few digital assets with a real use case.
Even if Litecoin’s prices don’t always look promising, the cryptocurrency is the hidden champion among digital money. Why? Quite simply: If you buy Litecoin, a fast transaction is waiting for you, it has improved storage efficiency and enables you to send almost free payments. The peer-to-peer internet currency can be transferred in real time and is of course also very popular in real life: With extensive support in trade and commerce, as well as a significant trading volume and liquidity, Litecoin is a proven addition to the well-known Bitcoin. The matador among coins is one of the best cryptocurrencies 2020 due to its versatility!
Binance Coin: crypto exchange coin takes off
The coin of the crypto trading platform Binance was created through an initial coin offering: Binance Coin (BNB) runs on the Ethereum blockchain and follows the ERC20 token standard. Originally intended to finance the Binance exchange with great features for the users, the Binance Coin turned out to be a real starter in 2020. Among other things, this may be due to the great extras that digital money has for investors:
- Payment of trading fees on the Binance exchange and the equivalent of 50% discount on trades (during the first year)
- Transaction solution provider Monaco has added support for Binance’s BNB token to its platform, which includes the Monaco Visa Card and the mobile app
- The live-streaming video platform Uplive supports BNB when buying virtual gifts
EOS: The Greek goddess
The name of the cryptocurrency is not for nothing that of the goddess of the dawn. EOS not only has space for its own currency tokens on its blockchain, but also forms the basis for other currencies thanks to attached smart contracts. Digital money is therefore known to insiders as the “blockchain operating system” – in contrast to Ethereum, EOS not only offers smart contracts, but can also carry out transactions. Due to its versatility, the cryptocurrency EOS is clearly one of the most dazzling cryptoassets for 2020.
Tether: At the top of the mountain
Tether and Teatime have something in common: Because sometimes you have to be patient, especially if you want to make it to one of the best crypto assets in 2020! But Tether is already on the top of the mountain at the end of this year and surprises with great features: the cryptocurrency is a re-regulated token, issued by Tether Limited. Tether is traded as a so-called stablecoin 1: 1 to the US dollar. Also – or precisely because Tether is one of the most controversial and most discussed cryptocurrencies in the financial world, it is among the best cryptocurrencies in our ranking! Because: Attention often drives the course up. Here you can see the advantages of the Tether network:
- Seamless transition : It facilitates the transfer of real fiat money into digital currencies
- Secure transaction : The use of established blockchains such as Bitcoin and Ethereum offers the user the necessary security when processing payments
- Efficient and affordable : Fast transactions with minimal fees
- Widely used : Many large exchange platforms allow trading in USDT
Even though it is often discussed whether a stablecoin really corresponds to the basic idea of an independent, decentralized cryptocurrency, it cannot be denied that Tether with its countless benefits comes close to the idea of an ideal token! Therefore, Tether makes it among the best cryptocurrencies in 2020.
Bitcoin Cash: Big Performer in 2020
The hash war will now be as familiar to everyone as the Cold War – the battle of two crypto giants has turned Bitcoin into the new currency Bitcoin Cash (BCH)developed. The main difference between the two coins is the block size of up to 8MB. What does that bring? A faster purchase and faster transaction speed than Bitcoin. The only drawback at BCH: the transactions are not yet very quick – but a so-called express surcharge remedies and guarantees faster transfers. Why Bitcoin Cash is one of the best cryptocurrencies in 2020? Since the beginning of the year, BCH has been the absolute top performer on the coin table. Underrated by many, some investors have already rubbed their hands together and benefited from the steep price rise. You should keep the daughter of the most famous cryptocurrency on the radar screen.
Stellar Lumens: light at the end of the tunnel
You will notice – 2020 will be the year of the crypto adaptations. Therefore, a coin, or rather a network, is of course one of the best coins without 2020: Stellar Lumens (XLM) ! Stellar Lumens (XLM) is a cryptocurrency project that serves as an intermediary for financial transactions: The Stellar network acts as an independent entity between different currencies. As an intermediary for financial transactions, it wants to translate from one currency to another. The network as a trading center: So if someone wants to exchange around euros for US dollars at a certain exchange rate, they can make a corresponding offer on the network. This is then stored there until a corresponding counterpart is found and the money is exchanged. According to the motto:“No Borders, No Nation ” Stellar Lumens manages to cross political and geographic boundaries in money management with the help of blockchain technology and the in-house cryptocurrency XLM. In short: Stellar is, in the broadest sense, about financial inclusion, i.e. connecting everyone to international money management. Stellar is the Internet of Money and holds the philosophy of cryptocurrencies: decentralization! It is not for nothing that XLM is one of the best of cryptocurrencies.
Libra: On the radar
Not launched yet, but still in sight! In the past year, we have hardly been able to avoid these cryptocurrencies: Libra. Everyone was talking about the Facebook project – and the excitement was great. Of course Libra contradicts the basic idea of digital money immensely, because there is a billion dollar company behind it and the opponents of centralization have loudly granted themselves against it. Nevertheless, you cannot close your eyes to the extent that the launch of the Facebook coin would bring: Billions of users would have immediate access to Libra and the spread of cryptocurrencies would increase so much – which of course also the BOOM for more digital Assets. Therefore, it is worthwhile in any case to have the Zuckerberg currency on your screen as one of the best cryptocurrencies and to continue to monitor the development in 2020!