Cardano Cryptocurrency 2020 Review – the history

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A history of Cardano and its Ada coin

Cardano is a public blockchain and smart contract platform supporting the Ada cryptocurrency. But this altcoin’s singularity stems from the fact that it is based on scientific philosophy, academic theory and peer reviewed research.

Concept of Cardano (ADA Coin), a Cryptocurrency blockchain platform Source: Shutterstock.com

This academic cachet is one factor helping to drive its popularity and sets it apart in the crypto sphere given its relative newcomer status having launched in September 2020. Bitcoin by contrast was released in January 2009 and Ethereum in July 2020.

Cardano claims to be the digital platform built from the ground up to fix some of the industry’s biggest problems.

If Cardano is a third-generation cryptocurrency, Bitcoin is the first generation the developer of blockchain technology. The second is Ethereum, which brought you smart contracts, which allowed a transparent exchange of anything of value without an intermediary. Now Cardano which builds previous generations adding more features to make blockchain scalable, secure and sustainable through layered architecture.

It had a boost in April when Huobi, China’s largest cryptocurrency exchange listed the coin and Binance added Ada trading pairs. Some see it as inevitable that Cardano will become a listed coin on Coinbase. It has a rising popularity and boasts intense loyalty among its die-hard proponents.

Cardano also added to its lineup of partnership, with a recent tie up to a leading South Korean mobile payment platform, Metaps Plus. Emurgo announced Metaps will integrate Ada into its mobile payment platform which means its tokens will be accepted in more than 33,000 offline franchise stores and immediate digital payments and settlements to its South Korean users.

A brief history

Jeremy Wood and Charles Hoskinson are co-founders of Cardano. Hoskinson is a self-described “crypto-currency entrepreneur”. He also happens to have co-founded Ethereum and endured a bitter split.

Hoskinson’s mathematics background is evident in the choice of appellation for the platform, which is named after Girolamo Cardano, an Italian polymath and physician known for the first systematic computations of probabilities.

The digital coin Ada is named for Ada Lovelace, the daughter of poet Lord Byron, a mathematician and considered the first computer programmer.

Three in support of one

There are three organisations in support of Cardano blockchain:

  • Input Output Hong Kong (IOHK)
  • The Cardano Foundation
  • Emurgo

IOHK is a science and engineering firm and is contracted to build, design and maintain its main project, Cardano until 2020. IOHK is split between the two, the science side is dedicated to studying the foundations of cryptocurrencies, which involves the theoretical questions such as what is the consensus algorithm and what is cryptocurrency privacy? The engineering side takes the theory and tries to build usable systems and creates cryptocurrencies using formal methodologies.

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The Cardano Foundation is a non-profit entity and not only protects the protocol technology but also standardises and promotes it.

Emurgo is a Japanese incubator that focuses on commercial ventures advancing the use of blockchain technology.

Third-generation Zen Master

Previous generations addressed various problems. The first generation created a payment system. The second tried to expand its capabilities and now the third is about creating more usefulness, addressing flaws and inefficiencies.

Other players in the market may attempt to resolve an issue but Cardano wants to sit in the middle and resolve them all, as Hoskinson describes, kind of like a “Zen Master of this space”.

“Let’s say we have an opinion on all three of these things and we think we have kind of built the right protocol stack that will allow us to do them in a very elegant way that is concise, that is peer reviewed. It is validated through the use of formal methods and third-party auditing and it’s really done with a long arc view,” says Hoskinson.

A view that could make the protocol become like infrastructure, similar to Voice over Internet Protocol (VOIP), making it accessible across browsers, cellphones and anywhere else.

To get to that reality, Cardano is addressing the three pressing issues in the crypto-verse that of scalability, interoperability and sustainability through design principles and engineering best practices, married to academic rigour.

Scale, govern, secure

Briefly, scalability is the need to develop a protocol like Bitcoin where as you gain users you gain resources but have the ability to keep up with users as they come in and avoid a theoretical bottleneck. Hoskinson provides a good comparison to Netflix’s early days when peak periods saw users facing decreased speeds and problems watching films.

Bitcoin transactions can run from 10 minutes to several days and transaction fees are rising too as more users join. Alternatives will be sought by users and there is a corresponding rise in interest in other currencies and platforms such as Ripple and Litecoin.

A key difference between Bitcoin and Cardano is that the former is a proof-of-work type cryptocurrency, while Cardano makes use of a proof-of-stake approach to reach consensus, which it says encourages honesty and long-term participation. Cardano calls its proof of stake Ouroboros, after alchemists said to know about individuation.

The next big issue is interoperability, with the thousands of cryptocurrencies and even governments beginning to issue coins, a system of governance has to be built in to the blockchain that allows you to sort out where, how, when to fork, how to add new features and basically how to upgrade the system.

There is growing awareness between currencies but there is the task of safely speaking to each other. Decentralisation is key to the crypto-verse yet standards are still necessary to navigate a chain. This raises other concerns such as how to manage privacy and security; how to prevent gatekeepers from forming; All questions falling under the umbrella of inoperability.

Ahead of the curve?

At the time of publishing, Cardano’s market cap was $7bn placing it eighth on the digital currency rankings just ahead of rival Stellar and its price is $0.26088 on volumes of $96.82m. It’s far off its best level reached on 29 April of $0.38824.

Its circulating supply is 25 billion and it has a maximum of 45 billion. Digital coins have been less bullish but Cardano is still among the best performers in the month of April recording a change of +127%. However, it is still down 52% so far this year and on that basis is among the worst performers in 2020.

A philosophical tech blueprint

Cardano has lays bare its philosophy: “The overall focus beyond a particular set of innovations is to provide a more balanced and sustainable ecosystem that better accounts for the needs of its users as well as other systems seeking integration.”

It built what it called a “toolset of abstractions” and led to an array of research papers and literature and it learned a lot from its collaborative approach about the industry and its self-created problems, such as little layering in design and only a few cryptos making room for future updates.

In some ways, the efforts it expends to bring thought, experts and best practices together makes Cardano seem like the smartest cryptocurrency in the room. It built in layers. It has embraced proof-of-stake as a design, which means inherent flexibility to adapt to changes. It has also looked at the social elements of money fiat currencies survive political shifts without crisis unlike digital currencies which fragment or fork.

Cardano argues that users need incentives to understand the social contract behind the protocol and have the freedom to propose changes in a productive way without having it brokered by a central actor or co-opted by a well-funded minority group. The blockchain has included elements of a legacy systems into roadmaps to accommodate users’ needs.

“At the time I was pretty pissed off. Ether went up [to a market cap of] $120 billion, so what the hell do I know?” Charles Hoskinson

Meeting needs of unbanked

At heart, Cardano is still about driving access to the unbanked three billion and potential for blockchain in Africa (see highlights of Hoskinson journey to several countries and his vision of future in blockchain in Africa).

The advantage of blockchain technology to assist in countries where lack of access to banking is acute is compelling for Hoskinson who is on a mission to help educate people in lesser developed countries about the technology and how to use it as a tool.

He declares, “Why are cryptocurrencies important?… if you have the patience and desire and also the appetite for failure and experimentation and you are willing to have a bit of courage and go in to the developing world with an arc of time, several years…a decade. You can actually teach people how to use this technology and make it theirs.”

People like Cardano, sure, but it also has its critics, including that its global peer review approach moves too slowly. However, you don’t hear the same concerns around long-term potential that you do with Bitcoin and Ethereum. Bitcoin mining sucks up the same level of power as a country the size of Denmark.

Just don’t follow one critic about Cardano ADA’s price to which Hoskinson’s response summed up the project nicely: “If you see me trying to boost the price of Ada, then I’ve been compromised and sell all your Ada. Cardano will be valuable based upon hard work, real world use and the utility of the platform. I’m not here to make day traders rich. I’m here to change the world.”

Key players:

Charles Hoskinson, Founder, CEO of IOHK and evangelic of decentralisation

Charles Hoskinson is a technology entrepreneur and mathematician based in Colorado. He founded three cryptocurrency related start-ups – Invictus Innovations, Ethereum and IOHK. His current projects focus on education of cryptocurrency, evangelism of decentralisation and making cryptographic tools easier to use for the mainstream.

His media persona is very mild mannered and relaxed. In Forbes, he described the disagreements that arose at Ethereum around how to structure the organisation as a “boardroom brawl”. After leaving in 2020, Hoskinson told Forbes, “At the time I was pretty pissed off. Ether went up [to a market cap of] $120 billion, so what the hell do I know?”

Jeremy Wood, Founder, Chief Strategy Officer

Jeremy Wood is based in Osaka, Japan since 2008 and is a founding member of the Kansai Bitcoin Meetup. Prior he managed the operations at Ethereum at the end of 2020.

After leaving Ethereum, he consulted on other cryptocurrencies before starting IOHK with Hoskinson in 2020. Wood, according to his bio, “believes that the future of fintech will progress only through experimentation and research, and by promoting collaboration between diverse groups and organisations.”

Professor Aggelos Kiayias, Chief Scientist

Proof of its heavyweight status, Professor Aggelos Kiayias, a top academic and professor of cryptography at the University of Edinburgh joined IOHK as its chief scientist. Kiayias was credited with a leas role in the IOHK paper on the first provably secure proof-of-stake protocol.

In a press release, Kiayias said, “While other companies may consider taking shortcuts or focus on just engineering their products, IOHK makes long-term commitments in building basic tools that are available to the community as a whole and in advancing the science behind blockchain systems.”

Chronology of dates

  • June 2020 – Charles Hoskinson leaves Ethereum
  • 24 February 2020 – University of Edinburgh partners with IOHK (second hub after Tokyo Institute of Technology)
  • 29 September 2020 – Cardano after two years of research launches is listed on Bittrex
  • 1 October 2020 – Market cap of around $600mn
  • 28-29 November 2020 – Surge of 142.41% to $3.5bn
  • January 2020 – Daedelus-like highs to over $33bn

Notable quotable

Back in April, George Soros, one of a number of men in the old world financial sphere who declared cryptocurrencies dead in the water, took off the DNR sign and are trading in digital assets this led to Hoskinson tweeting:

“Rockefeller, Soros, and Rothschild money entering the cryptocurrency space….it sounds like regulations might be getting a bit more lax”.

Cardano (ADA) Price Prediction For 2020-2025

Cardano is a public blockchain driven by scientific approach philosophy and founded by Charles Hoskinson, Ethereum co-founder and CEO of IOHK, a team of engineers building Cardano until 2020 year on a paid basis. The network runs on a Proof-of-Stake consensus algorithm called Ouroboros. Cardano team has the ambitious plan to create interoperable, secure & scalable multi-asset ledger with a platform for verifiable smart-contracts.

The first step Cardano was the establishment of the blockchain’s settlement layer – the ADA cryptocurrency as a native digital currency of the network. Once development on this layer is complete, the team will move on to the more complex ‘computing layer’ that will introduce smart contract functionality.

Find more about Cardano’s technology an structure in our “What is Cardano?” project review. Here, we will observe and analyze different ADA coin price predictions and bring our own forecast in the end.

Cardano (ADA) 2020 Price Analysis

After the whole market dropped since the 2020 bullish heights, Cardano price showed a strong stability that is not often seen in the industry. The measured, peer-reviewed pace of the coin does not lend itself to sudden bombshell news that would rock the established price. Instead, ADA should be considered as long-term, safer investment vehicle.

ADA price chart from Jan, 2020 to Jan 2020 on Coin360.com

At the height of the cryptocurrency boom, Cardano price value raised to $1.33 per coin and it was very close to touch this level in 2020 year.

Current ADA’s market capitalization is $1,145,889,096 USD which is more than twice lower from YTD value. But that’s not something special as the closest competitors also lost lots of market cap. For example, Ethereum’s market cap decreased from $28,890,000,000 to $19,013,000,000 YTD, and EOS has lost from $2,000,000,000 since then.

Early & Mid 2020 ADA Price Analysis

After a prolonged 2020 bear market, the cryptocurrency industry was ready for slow, measured growth over the course of 2020. Always a healthy indicator for the entire market, Bitcoin has stabilized at a $3,600 support level in February. And alternate cryptocurrencies were showing renewed movement as investor confidence grew. Our expectations were proven by the Cardano (ADA) price growth in Q1 2020.

At the end of January, when ADA was worth $0.038 USD, we claimed that the price of the asset depends on the Bitcoin price, but due to its internal potential, it is capable of independent growth in the future.

In March 2020, when Bitcoin and all altcoins fell in value, Cardano’s ADA was the only coin to demonstrate growth with a generally bearish mood. In early March 2020, the ADA began to rise in value from $0.043 to a peak of $0.098 by the beginning of April.

That significant increase of slightly over 100% in the cost of ADA happened because of the v1.5 mainnet release, which completes the Byron stage of the Cardano roadmap.

Cardano’s Strong Points

The positive look of Cardano price forecast is largely caused by several technical factors. One of them the coin’s block generation algorithm. Mining is an accepted function of many blockchains – it provides incentive for users to validate transactions.

However, the alternative Proof-of-Stake algorithm is gaining steam as a way to reduce the absurd electrical consumption of cryptocurrency mining. Cardano’s Ouroboros protocol was one of the first Proof-of-Stake systems, and thus far the only one that is provably secure.

Furthering their desire for absolute user security, they began development of the Daedalus Wallet. In addition to the normal privacy considerations of a cryptocurrency wallet, Daedalus also privates specific spending passwords and transaction monitoring.

The wallet is also not exclusive to their ADA currency – currently it includes both Ethereum Classic and Bitcoin. Both features positively affect ADA’s price, helping the crypto to keep its stable position on the market. However, technicalities are not the only reason behind the positive Cardano price prediction for 2020. Financial behaviour of the coin is also a big factor and ADA’s price analysis shows that the coin is not like most of others.

Cardano ADA Price Predictions 2020-2025

The future looks bright for Cardano and ADA, its native coin, from the point of view given by different price predictions.

#1. LongForecast ADA Prediction

An automated forecasting site based on a technical analysis of the asset’s price history predicts an ADA value of $0.016 by the end of 2020. And they expect a trend reversal only at the beginning of 2023, when the ADA price reaches $0.049 and $0.067 in October 2023.

Well, it is possible, but in our opinion, it is unlikely if the Cardano will achieve the goals set in the roadmap.

#2. WalletInvestor Prediction

This prediction service is also quite bearish about ADA perspectives and even worse than the previous one. They see a long-term downtrend of ADA from now till 2024 with no reverse movement at all. They’ve estimated a $0.00330 USD price for ADA in 2020.

#3. CoinSwitch Price Prediction for ADA

CoinSwitch forecasts that the price of ADA can reach $1 USD mark in 2020, $2 in 2023, and $3 in 2025. An increase of

6.500% over 5 years sounds bullishly nice, we are all for it!

#4. Cryptonewsz ADA Price Forecast

In 2022, the price of ADA will rise to $1. Fair enough, given the current development phase and Cardano’s long-term plans for blockchain development.

#5. Mrvyasidea.com Prediction

The Mr. Vyas assumes that the price of an asset will rise to $5 dollars in 5 years if the development reaches all the goals for developing network layers, from Byron to Voltaire phases.

ADA Price Prediction For 2020 & Further

To summarize, automated price predicting services forecast a negative bearish trend for ADA. However, we believe this can be ignored since the cryptocurrency market is so young and hungry for news that affects the price of a crypto asset. Fundamentally, there are some facts about Cardano and ADA:

  • About 95% of coin holders are residents of Japan
  • The founder and team have deep knowledge and skills for developing decentralized networks
  • From a technological point of view, they were a little late with ETH and EOS, but this is a good opportunity to take into account the difficulties these projects facing right now: scalability (ETH) and governance (EOS)

We are quite positive about ADA’s long-term price projections and the short-term future also looks bright. If we talk about specific figures, the $1 dollar mark can easily be reached by the end of 2020, and further serious growth can be expected no earlier than at the end of 2020 with the release of a platform for smart contracts in Q1, as well as network scalability & governance issues being fixed in late 2020.

Buy ADA with USD, EUR or GBP

Cardano F.A.Q.

Is Cardano a Good Investment?

Cardano has a strong development team, has a separate organization for commercial promotion and a close-knit community. Therefore, we can conclude that the coin has a great future.

Is Cardano Dead?

The crypto community thinks that Cardano has a lot of potentials. Reddit users encourage each other to buy ADA at the lowest price.

When Will Cardano Staking Start?

Anybody that had ADA stored in either a Daedalus or Yoroi mainnet wallet at the time of the balance snapshot (12.00 UTC, November 29, 2020) could participate in the Incentivized Testnet and earn rewards through delegation or running a stake pool. Once the Incentivized Testnet is over, rewarded ADA will be manually transferred back to the mainnet and become spendable.

Will Cardano Go Up?

FUD and price manipulation will fade away and ADA cryptocurrency price can definitely go up.

Where to Store Cardano?

Where to Buy Cardano (ADA)?

It is easy to buy ADA coin on many platforms. If you want to buy Cardano cryptocurrency anonymously using your credit card (USD, EUR, GBP), you can use the Changelly platform.

What Is Cardano Used For?

Cardano is used to directly and quickly send and receive digital funds.

How Many Cardano ADA Coins Are There?

The maximum supply of Cardano is 45,000,000,000 ADA. The circulating supply is 25,927,070,538 ADA.

Disclaimer: This article should not be considered as offering trading recommendations. The cryptocurrency market suffers from high volatility and occasional arbitrary movements. While price analysis is a useful tool, it should not be considered predictive for the future performance of any investment vehicle.

Any investor should research multiple viewpoints and be familiar with all local regulations before committing to an investment. Website personnel and the author of this article may have holdings in the above-mentioned cryptocurrencies.

About Changelly

Changelly is a secure instant crypto exchange that has 150+ cryptocurrencies available to be swapped and bought at market-best rates. Operating since 2020, the platform and its mobile application attract over a million visitors monthly, who all enjoy quick and simple exchanges, low transparent fees, and 24/7 live support.

Top 20 Best Cryptocurrencies to Buy in 2020

Let’s review the best cryptocurrency coins to invest in the year 2020 and see why these top cryptoassets are prime to run during the next crypto market bull run cycle.

Top 20 Cryptos to Buy for 2020: Best Coins to Invest in 2020

Over the past year, we’ve seen cryptocurrencies become increasingly mainstream. We saw positive market signs throughout 2020, and that could make 2020 a record year for cryptocurrencies.

What are the best cryptocurrencies to buy in 2020? Which coins offer the best investment opportunity today? Which digital tokens have their brightest days ahead of them?

Keep reading as we highlight the top 20 cryptocurrencies to buy for 2020.

Bitcoin (BTC)

Bitcoin (BTC) is the king of the crypto world. It’s the world’s most dominant cryptocurrency, accounting for 60% of the total cryptocurrency market share. When bitcoin rises or falls, the rest of the market tends to follow. Whether you’re getting into crypto for the first time or an advanced crypto user, there’s nothing wrong with investing in bitcoin. It’s a tried, true, and proven cryptocurrency with plenty of infrastructure to support it. Optimistic investors will point to price predictions calling for BTC to hit $100,000 by the end of 2020.

  • Bitcoin Price 2020 High: $13,793 BTC/USD exchange rate value
  • Bitcoin Price 2020 Low: $3,444 BTC/USD exchange rate value
  • Bitcoin Price All Time High: $19,892 BTC/USD

Ethereum (ETH)

Ethereum (ETH) is the world’s second-largest cryptocurrency by market cap. Launched in 2020, ETH has risen to become a viable competitor to bitcoin as king of the crypto world. One of the biggest reasons for optimism with ETH is that it works in a much different way than bitcoin and other cryptocurrencies. ETH is used by the decentralized apps built on the Ethereum blockchain. Those decentralized apps make use of Ethereum’s killer features like decentralized governance, smart contracts, and more. Ethereum has one of the most active developer communities in the crypto space, and there’s no reason to believe Ethereum’s momentum will slow down anytime soon.

  • Ethereum Price 2020 High: $350 ETH/USD
  • Ethereum Price 2020 Low: $103.41 ETH/USD
  • Ethereum Price All Time High: $1,396 ETH/USD

Ripple (XRP)

XRP is a digital token that plays a crucial role in Ripple’s ecosystem. Ripple, a private Switzerland-based financial services company, has tried to distance itself from XRP to avoid having the token labeled as a security. However, XRP’s value is closely connected to Ripple’s products and services to this day. As Ripple expands its banking services to institutions worldwide, the value of XRP has continued to surge. Specifically, Ripple and XRP enable banks to settle cross-border payments in real-time with end-to-end transparency and lower costs. XRP is also unique in that it doesn’t have to be mined. XRP is currently ranked as the world’s third-largest cryptocurrency by market cap, although it has occasionally surged past ETH to take the second position behind only bitcoin.

  • XRP Price 2020 High: $0.48 XRP/USD
  • XRP Price 2020 Low: $0.25 XRP/USD
  • XRP Price All Time High: $3.05 XRP/USD

DigiByte (DGB)

DigiByte (DGB) is a digital token founded in 2020 by lead developer Jared Tate. DigiByte’s goal is to increase transaction speed and security while operating in a decentralized environment. True to its goals, DigiByte’s technology performs better than most other cryptocurrencies. It’s 40 times faster than bitcoin, for example, because it has 15 second block times, making DGB the fastest token on the UTXO blockchain. DigiByte also made headlines for becoming the world’s first blockchain to implement Segregated Witness (SegWit), which means transaction confirmations are kept separated from information stored within the block, helping DigiByte achieve faster transactions without compromising security. The ultimate goal of DigiByte is to create a global payment system accessible to people around the world.

Litecoin (LTC)

Litecoin (LTC) was launched back in 2020 as a faster, more lightweight alternative to bitcoin. Litecoin took bitcoin’s core code and changed certain metrics to speed things up. Today, LTC continues to offer 4x faster block times than bitcoin (2.5 minutes instead of 10 minutes) and 4 times as many tokens (84 million total supply instead of 21 million). LTC creator Charlie Lee infamously sold all of his LTC holdings at the height of the market back in 2020, and some believed that would be the death of LTC. Litecoin, however, continues to go strong, and merchant adoption is growing for the popular cryptocurrency.

Maker (MKR)

Maker (MKR) is the proprietary token for the Maker digital ecosystem. One of the most unique things about MKR is its low total supply: there’s a total supply of just 1 million MKR tokens. Maker hit its highest ever price on January 20, 2020, at $1,687.86. Heading into 2020, MKR is priced at around $550. Many other tokens have lost 90% or more of their value from their all time highs back in 2020, which makes MKR look impressive by comparison. Moving forward, Maker will continue to be a smart contract platform on the Ethereum blockchain that backs and stabilizes the value of the stablecoin DAI through a system of collateralized debt positions (CDPs), autonomous feedback mechanisms, and incentivized external actors. MKR tokens are used to pay transaction fees in the Maker ecosystem, and MKR token holders have voting rights within that ecosystem. If you believe in the DAI stablecoin and its unique decentralized balancing mechanism, then MKR may be the right choice for you.

Binance Coin (BNB)

Binance Coin (BNB) is arguably the most successful crypto exchange coin in the world today. Heading into 2020, BNB is worth around $15, down from its all-time high of $38.82 in June 2020. As long as Binance remains a popular exchange, and as long as BNB tokens can be used to pay transaction fees on Binance, BNB will continue to have considerable value. Some people buy BNB because they regularly trade high volumes on Binance and want to save money. Others buy BNB as an investment, believing that the Binance exchange will continue to be popular moving forward.

Cardano (ADA)

Cardano (ADA) was created in September 2020 by Charles Hoskinson, one of the co-founders of Ethereum. At first glance, ADA seems like it offers many of the same benefits as Ethereum: Cardano lets developers build decentralized apps and smart contracts, for example. Moving forward, Cardano and the ADA token aim to solve some of the biggest issues facing cryptocurrencies around the world: interoperability and scalability. Cardano’s developers are specifically focused on tackling the international payments space, reducing the time and cost of international money transfers. Using ADA, banks can reduce international payment times from several days to just a few seconds.

Chainlink (LINK) is an Ethereum token that powers the Chainlink decentralized oracle network. That network allows Ethereum smart contracts to securely connect to external data sources, APIs, and payment systems. A sports betting smart contract may use Chainlink to connect to third-party football scores, for example, and then use those scores to execute the contract. The unique selling feature of Chainlink is that the development team figured out how to get information in and out of a blockchain in a way that was still secure, trustworthy, and decentralized. LINK is also one of the few tokens that have gained significantly in recent months: as BTC, ETH, XRP, and LTC have fallen towards the end of 2020, LINK has more than doubled. Going into 2020, LINK is sitting at a price of around $2 a piece, down from its all-time high of $3.90 reached in July 2020.

Crypterium (CRPT)

Crypterium (CRPT) is priced at around $0.40 as we head into 2020, down significantly from its all-time high of $3. Today, CRPT has a market cap of around $37 million. CRPT isn’t the best-known name on this list. So why did we pick it as one of the top 20 cryptocurrencies for investors in 2020? Well, CRPT hodlers have reasons for optimism in the future. CRPT is an Ethereum-based token that works as the ‘fuel’ for all crypto-fiat transactions available within the Crypterium Wallet. Over the course of 2020, Crypterium’s developers added support for cashouts, Crypterium Card top ups, and cryptocurrency purchases. One of the most unique parts about Crypterium, however, is that the 0.5% transaction fee is used to burn CRPT tokens. Every time someone makes a transaction within Crypterium, the circulating supply of CRPT tokens drops. That could pay huge dividends for investors in the future.

0x (ZRX)

0x (ZRX) is a permissionless protocol that provides the infrastructure to facilitate the creation of decentralized exchanges on the Ethereum blockchain. 0x uses off-chain transaction relayers and Ethereum smart contracts to provide an open order book and decentralized exchange. The ZRX token, meanwhile, functions as payment to relayers by the users of the protocol. It’s also a governance token for protocol upgrades. Heading into 2020, ZRX is priced at around $0.25, down significantly from its all time high of $2.53 in January 2020. ZRX token holders may have reason for optimism moving forward, although critics will point to the fact that ZRX faces stiff competition from competitors like Binance DEX and other decentralized exchange platforms.

EOS (EOS)

EOS is one of the newest digital currencies on our list. Launched in June 2020 by cryptocurrency pioneer Dan Larimer, EOS first made headlines with its $4 billion ICO, which was one of the longest and most profitable ICOs in history. Unique selling features with EOS include its delegated proof of stake mechanism, which achieves consensus in a different way than most major cryptocurrencies. EOS also has no mining mechanism; instead, block producers generate blocks and are rewarded in EOS tokens based on their production rates. EOS’s governance system is built on a complex set of rules. Although EOS experienced growing pains with its governance structure at launch in 2020, it continues to gather momentum moving into 2020. EOS is currently priced at around $2.70, down from its all time high of $23 in August 2020.

Stellar (XLM)

Stellar (XLM) was launched in 2020 to provide ultra-fast digital currency payments. It also made a handful of early investors very wealthy: at launch in 2020, XLM was trading hands for less than a penny. In January 2020, XLM hit an all-time high of $0.94. Heading into 2020, XLM is priced at around $0.06. The fast payment system and rock-solid development team could continue to build momentum for XLM moving forward, although XLM continues to face competition from every other digital currency that emphasizes high-speed transactions.

Basic Attention Token (BAT)

Basic Attention Token (BAT) is one of the most unique cryptocurrencies on this list. It’s an Ethereum token that powers the Brave browser’s blockchain-based digital advertising platform. The Brave browser continues to grow for mobile and desktop users. It’s the only browser in the world that pays you to use the internet: Brave rewards internet users with a portion of the advertising revenue based on ads they have viewed. It’s all powered by blockchain technology and the Basic Attention Token. You’re not going to get rich with the Brave browser, although BAT could legitimately disrupt the entire digital ecosystem as we know it. Heading into 2020, BAT is priced at around $0.20, down from its all-time high of $0.98 reached in January 2020.

Kyber Network Crystal (KNC)

The Kyber Network Crystal (KNC) is a digital token that offers seamless token swaps anywhere. It’s a decentralized, peer-to-peer crypto-asset exchange built on Ethereum. With the Kyber Network, a dynamic reserve pool allows the network to maintain its liquidity while keeping swap exchanges as cheap and fast as possible. KNC hit its all time high of $5.32 in January 2020. As we head into 2020, KNC is priced at around $0.18. KNC is a deflationary ERC20 token used by Reserve Managers in the Kyber Network to pay exchange fees for on-chain exchanges. The ‘deflationary’ part of KNC is important: a portion of KNC gets burned in every transaction. The biggest reason for optimism with KNC is that it solves a crucial liquidity problem faced by many centralized exchanges.

Crypto.com (MCO)

MCO is a digital token used to access a range of products and services. Today, the key feature of the network include its MCO Visa cards, the MCO wallet, and portfolio building services. The ecosystem is operated by Crypto.com, which originally started the project under the Monaco brand name. Moving forward, Crypto.com plans to continue with its mission of fueling “the world’s transition to cryptocurrency”. At the most basic level, Crypto.com and its MCO token are making crypto more accessible and usable with tools like prepaid visa cards and mobile wallets. The Crypto.com/MCO Visa cards also come with unique benefits, including 10% cashback on Airbnb and Expedia and a 100% purchase rebate for standard Spotify and Netflix subscription plans. The prepaid card currently supports the Singapore Dollar (SGD), allowing you to spend your bitcoin balance anywhere SGD is accepted.

Ripio Credit Network (RCN)

Ripio Credit Network (RCN) tokens are way down the crypto market cap list. As we move into 2020, RCN tokens sit outside the top 120 cryptocurrencies by market cap. So why do some believe RCN tokens are one of the best investments for 2020? Well, the Ripio Credit Network is an open global credit network that connects lenders, borrowers, and loan originators on the blockchain to create frictionless, transparent, and borderless debt markets. That’s a fancy way of saying that Ripio Credit Network makes it easier for anyone, anywhere in the world, to get a loan or lend money to earn interest. If successful, the project could change the global banking sector – and it’s all powered by the RCN token.

Tierion (TNT)

Tierion (TNT) is an Ethereum-based token used as part of the Tierion platform for data verification. Tierion turns the blockchain into a global platform for verifying any data, file, or business. TNT allows blockchain users to store, share, and verify huge amounts of data in a single, fast transaction. Moving into 2020, Tierion works with over 500 apps to verify on-chain data. As the number of apps supporting Tierion continue to grow, we can reasonably expect the value of TNT to rise.

Decred (DCR)

Decred (DCR) is an open-source bitcoin fork that emphasizes development funding, on-chain governance, and consensus mechanisms. Founded in 2020, DCR wants to solve bitcoin’s inefficiencies while creating a truly autonomous digital currency. With DCR, stakeholders make the rules using an innovative consensus voting model. The end result is a digital currency controlled by the people who hold it, free from outside third parties and other influencers. Moving into 2020, the Decred development team aims to create an innovative hybrid proof of work (PoW) and proof of stake (PoS) consensus voting system, a censorship-resistant blockchain-anchored public proposal platform, and smart contracts, among other features.

Bitcoin Cash (BCH)

Bitcoin Cash (BCH) launched on August 1, 2020, after a rift within the bitcoin development team. BCH’s developers wanted to remove blocksize limits to improve the on-chain scalability of bitcoin. Today, BCH developers continue to emphasize bitcoin’s value as an everyday payments mechanism, while BTC developers tend to focus on bitcoin’s value as a long-term form of wealth storage. Despite seemingly endless controversies and attacks from bitcoin maximalists, BCH continues to be one of the world’s top cryptocurrencies by market cap. BCH also survived the November 2020 hard fork that created two versions of BCH, which today are known as Bitcoin Cash (BCH) and Bitcoin Satoshi’s Vision (BSV). If you believe in the value of bitcoin as a daily payment option, then BCH could be a smart investment.

Honorable Mentions and Sleeper Candidates

TRON (TRX): Tronix (TRX) is the digital currency for the TRON blockchain. The goal of TRON is to create a decentralized version of the internet. Today, TRON is already one of the largest blockchain-based operating systems in the world, offering high scalability, throughput, and availability. As TRON usage continues to grow moving into 2020, the value of TRX can be expected to rise.

Tezos (XTZ): Tezos is an open-source platform for assets and applications backed by a global community of validators, researchers, and builders. The platform offers secure, institutional-grade smart contracts, solving key blockchain technology barriers like smart contract safety, long-term upgradeability, and open participation. All Tezos token (XTZ) holders can participate in network upgrades by evaluating, proposing, or approving amendments. Token holders can also help secure the network by baking or delegating tokens.

DigixDAO (DGD): DGD is the native Ethereum-based token governing the Digix network. The decentralized autonomous organization supports tokens tied to physical assets. Digix Gold (DGX), for example, is tied to the price of gold. In the future, the platform plans to support other DG tokens that represent silver, platinum, and other precious metals. DGD reached its all-time high of $600 in February 2020. Moving into 2020, DGD sits at just $17.

Komodo (KMD): Komodo is an open, composable smart chain platform. The unique feature of Komodo is that it supports transparent, anonymous, private, and fungible transactions. Komodo is ending 2020 ranked in the top 60 cryptocurrencies by market cap with a current value of around $0.65, down from its all-time high of $10 reached in December 2020. Moving forward, Komodo plans to focus on business-friendly blockchain solutions that are secure, interoperable, scalable, and adaptable.

Monero (XMR): The ultra-secure, privacy-focused cryptocurrency is untraceable, and untraceable currency will always have value on the internet. Whether using XMR for black market activities or just wanting your money movements to stay private, Monero is an excellent option.

Zcash (ZEC): ZEC is a decentralized, open-source cryptocurrency launched in 2020. If you think of bitcoin as HTTP, then ZEC is HTTPS. It’s a more secure cryptocurrency that still publishes and records all transactions on a blockchain, but with details about the sender, recipient, and amount remain private. In a world where privacy is becoming increasingly rare, cryptocurrencies like XMR and ZEC will continue to have value.

Siacoin (SC): Siacoin (SC) uses blockchain technology and cryptocurrency to fuel a low-cost cloud storage solution. Although development progress has been slow, SC could legitimately disrupt the billion-dollar cloud storage industry at some point in the future. The core feature of SC is that it lets you use your underutilized hard drive space to earn money. Anyone who needs storage space, meanwhile, can spend SC to access that storage space. Files are encrypted and distributed across the Sia decentralized cloud.

Enjin Coin (ENJ): Enjin was first founded as a gaming community platform called the Enjin Network back in 2009. In 2020, Enjin decided to break into the crypto space with an ICO that reportedly raised $18.9 million. Today, the Enjin ecosystem includes the Enjin Platform, Explorer, Wallet, and Beam, all of which empower gamers with ownership of digital assets while also allowing game developers to earn revenue.

Enigma (ENG): Enigma aims to secure the decentralized web using its decentralized open-source protocol. The Enigma protocol lets anyone perform computations on encrypted data, bringing privacy to smart contracts and public blockchains.

Solve (SOLVE): Solve aims to use blockchain to disrupt the healthcare administration space. The Ethereum-based SOLVE token is required to participate in the platform and make transactions. As the usage of the Solve platform continues to grow among healthcare providers worldwide, the value of the SOLVE token can be expected to rise.

Best 2020 Cryptocurrencies List: Top Cryptoasset Investments to Buy Investor Disclaimer

Trading and investing in cryptocurrencies (also known as digital or virtual currencies, cryptoassets, altcoins, tokens, etc.) is risky. We are not a registered broker, analyst, investment advisor, or anything of that nature. The information above is provided purely for guidance, informational, and educational purposes. We recommend independently verifying and confirming all the information contained on this page. We do not accept any liability for any loss or damage whatsoever caused by our information. Cryptocurrencies are not suitable for all investors, and all cryptocurrency investments are made at your own risk and discretion.

I’m Aziz, a seasoned cryptocurrency trader who’s really passionate about 2 things; #1) the awesome-revolutionary blockchain technology underlying crypto and #2) helping make bitcoin great ‘again’!

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