In the crypto ecosystem, things change fast. Even though we may make predictions of different cryptocurrencies, some of the metrics that seem essential today may suddenly change in a matter of months.
Nonetheless, as we enter a new decade, we’ll look at some important happenings that will likely shape the market in 2020. Given that the cryptocurrency market heats up, it is time to look at some of the promising altcoins.
The reason we are focusing on altcoins is that they project an incredible potential for gains. Moreover, they are also very affordable, thereby eliminating any barriers to acquisition. In fact, with a few dollars, you can buy several thousand altcoins and wait for their value to appreciate.
In this guide, you will get the best altcoins to look out for in 2020. After reading, you will find the necessary information about these coins, which you’ll use to make an informed investment decision. So, let’s review the best altcoins of 2019 and argue why they will be the ones to watch in 2020.
July 2018 was the month when things started crystallizing for BitTorrent. TRON acquired BitTorrent, the biggest peer-to-peer file-sharing protocol in the world, with 100+ million users and constituting 33% of the total internet traffic.
Through the acquisition, TRON aimed to merge its blockchain network with BitTorrent’s P2P network. The partnership, dubbed Project Atlas, will create an infrastructure for a decentralized distribution platform for a worldwide user base.
The TRON network will be beneficial to the torrent ecosystem by adding storage and bandwidth to the platform. Initially, the BitTorrent network operated on an incentive model that allowed users who upload faster to download more quickly. However, with the coming in of TRON technology, BitTorrent will now offer TRX tokens as compensation for contribution. Users of the new technology will now get faster downloads by bidding with TRX tokens.
Looking at the strength of TRON, coupled with the strength of BitTorrent, it is unlikely for Project Atlas to fail in 2020. Also, since the BTT token is currently trading at a low price, it offers an incentive for savvy investors to buy. The fundamentals point to a rise in the value of the token in 2020, which could mint several millionaires.
Founded in 2017, IoTeX is an open-source project that creates a new privacy-centered blockchain platform to facilitate the Internet of Things (IoT). The Internet of Things refers to the prospect of digital interaction beyond personal gadgets and computers to incorporate all devices with digital capabilities. Estimates indicate that by 2022, the number of IoT devices will surpass 50 billion. And, with security being a major concern in an internet-enabled world, there is a need for secure methods of communication. It is this niche market that IoTeX is meant to fill.
IoTeX’s architecture uses a blockchain that provides security for the network while offering governance and managing diverse sidechains to perform various functions. The sidechains enable users to connect IoT devices based on different criteria, such as trust levels, functions, or environments that are similar.
Another advantage of IoT is that it is privacy-oriented. Specifically, it has two privacy mechanisms – payment codes and signatures – to conceal the address of a transaction receiver.
With privacy and the ability to connect to numerous devices, IoT promises to be a game-changer in 2020. For anyone looking for an investment, acquiring a stake in IoTeX, through VITA coin, will be a fortune-changing investment.
NPXS is a coin created by Pundi X to be used on their blockchain project. The project intends to use cryptocurrency to facilitate cashless payments globally. Pundi X differs from other platforms because it has a blockchain-enabled Point-of-Sale (XPoS) hardware to enable the transfer of cryptocurrency. Merchants only need to have the XPoS in their retail outlets, and cashless payments will be made effortlessly.
The XPoS works with a mobile wallet (XWallet) that shoppers use to make payments in brick and mortar stores. It has an interface that enables users to buy and sell BTC, XEM, ETH, and QTUM. Also, it has a check-out menu to allow purchases using cryptocurrencies. Furthermore, the XPoS tracks inventory and orders while printing receipts after every transaction.
Pundi X plans to distribute 100,000–700,000 devices to more than 12 countries over the next three years. The success of the project, which has performed well in Hong Kong, will make the token among the best altcoins to look for in 2020. And, with the price of NPXS currently trading low, buying the NPXS token now and waiting for a bull run will be a fortune-changer in 2020.
Cardano, founded in 2017, is the 12 largest cryptocurrency in the world by market capitalization. It was founded by Charles Hoskinson, a co-founder of Ethereum. It offers not only a platform for smart contracts and Dapps , but also other technological advancements than Ethereum.
Admittedly, unlike other altcoins, Cardano hasn’t generated high returns for investors. However, it is a favorite for developers because it promises to build a robust blockchain that is provided by other coins, such as Ethereum.
In 2020, two of the industry’s PoS networks are expected to (re)launch – namely Cardano and Ethereum. Cardano is explicitly seeking to upgrade its pre-existing PoS platform as a public network. The upgraded network will have 100 times more people running its software than Ethereum, Bitcoin, or any other PoW systems. This development will be the beginning of handing over the Cardano protocol to the public.
Cardano will solve three major issues encountered by the 1st and 2nd generation blockchain projects – interoperability, scalability, and sustainability. Moreover, the protocol will also address the problem of international payment transfer, which is time-consuming and expensive. The blockchain will reduce the time taken or international transfers from a few days to a few seconds.
With all these developments, Cardano will be one of the best altcoins to look out for in 2020. Its relatively low price compared to Ethereum makes it ideal for those who want to buy more. What’s more, as a proof-of-stake coin, Cardano will revolutionize PoS like never before.
Having given you a glimpse of the history and future developments of the above altcoins, you now know the best altcoins to look out for in 2020. Of course, market dynamics may change, and unforeseen events can surprise us with something new. But considering that the year 2020 has already begun, we believe that these coins will hold the future.