Promising Cryptos [2020 Predictions]

These are the most promising cryptos for 2020

 

We’ve entered 2020 and cryptocurrencies are still here!

Not that I’m surprised but it’s nice to shout such positive announcements in the face of crypto disbelievers. And for those who see potential in digital coins, here’s a shortlist of promising cryptos nowadays.

I can’t possibly include every potential coin here but those carry certain hope. Both for their purpose and profits for sensible investors.

Feel free to study them, explore them a bit more, and possibly add them to your portfolio.

Let’s go!

Tezos (XTZ)

There’s been a lot of talk about using proof-of-stake instead of “simple” mining when it comes to crypto.

Tezos supports the PoS model – a person can still mine or validate block transactions, however, they need to own XTZ (tezzies) first. The more XTZ, the more mining power they have.

As opposed to proof-of-work (PoW), PoS enables miners to operate in line with their belief of the cryptocurrency. For example, having 5% of all available XTZ means you can mine 5% of Tezos blocks.

Tezos’ ICO had huge success back in July 2017, starting at $0.47 per XTZ and reached $10.55 per XTZ in December the same year.

Then came legal issues and the price declined drastically. However, Tezos survived and regained power – XTZ price tripled between October last year and February 2020.

Current Price per 1 XTZ: $3.26

Market Cap: $2,260,626,562

Volume (24h): $197,935,131

Circulating Supply: 694,191,974 XTZ

Rank #: 10

Chainlink (LINK)

Chainlink launched in 2017, developed by SmartContract, a San Francisco company, founded in 2014.

Its main purpose is to “connect” consumers with suppliers. (of goods or services)

Chainlink’s technology aims to form networks between different data providers through blockchain. 

The channel network focuses on the execution of smart contracts between the crypto and third-party information sources.

Such an approach lets users create networks between numerous companies. The bonus here – those networks are essentially decentralized and rely entirely on smart contracts.

By executing smart contracts, network operators earn LINK tokens.

Current Price per 1 LINK: $4,02

Market Cap: $1,408,719,801

Volume (24h): $306, 567, 551

Circulating Supply: 350,000,000 LINK

Total Supply: 1,000,000,000

Rank #: 15

BinanceCoin (BNB)

Binance Coin comes from the Binance cryptocurrency exchange. It runs on Ethereum blockchain, with a strict max cap at 200 million BNB tokens.

Its main purpose is to support the Binance exchange and its ecosystem – listing fees, trading fees, exchange fees, and several other types of fees. No need for me to bore you with immense details.

In July 2017, BNB launched at $0.10 per BNB, reaching the whopping $39.57 per BNB in June 2019. 

In February 2020, price stands much lower than the ATH, so BNB remains a profitable option. At least, in my opinion.

Current Price per 1 BNB: $25.66

Market Cap: $3,990,609,024

Volume (24h): $410, 985,035

Circulating Supply: 155,536,713 BNB

Total Supply: 187,536,713 BNB

Rank #: 9

Sia Coin (SC)

A crypto’s purpose is crucial for its future price.

In the case of Sia Coin, its mission alone provokes investment. Sia aims to transform data storage as we know it in the present.

With current data storage services, information is stored on a cloud, connected to a central ecosystem. The centralized nature enables personal data misuse, database breaches, and possible loss of data. (be it accidental or not)

On the Sia platform, files are encrypted, broken down, and spread across a network of hosts. You’d have multiple copies of your info, securely stored in multiple “places”.

Additionally, everyone can benefit from the Sia network. By simply leasing storage space to developers, you get paid in SC tokens.

To start a contract, the host and the uploader connect through the Sia framework. Yes, smart contracts again. Upon successful uploading, the smart contract is fulfilled and the host receives their payment.

Current Price per 1 SC: $0,002868

Market Cap: $119,937,204

Volume (24h): $9,778,405

Circulating Supply: 41,817,047,634 SC

Rank #: 57

Golem (GNT)

Golem is a promise towards the ultimate decentralized supercomputer.

Run by a group of Polish developers on the Ethereum blockchain, Golem strives to achieve true crypto greatness. It may sound naïve for some but the idea behind it is remarkable.

If successful, Golem would be able to process any amount of data in a superior time frame. From academic research to Indian action movies, users will have immense processing power at a click’s reach.

What’s more, you’d be able to evaluate any volume of “big data”. From environmental changes through FX movements to enhanced medical solutions. Golem’s use cases are practically limitless.

Users earn GNT by simply providing processing power to its blockchain. You can then re-use the tokens on the platform itself or trade them on crypto exchanges. That last one is kind of logical but it doesn’t hurt to emphasize it.

As Golem is still in its Alpha stage, it can be installed and tested by anyone. It also means GNT price is yet low. Should it succeed in its quest, I expect a significant boost in value.

Current Price per 1 GNT: $0.064954

Market Cap: $63,657,836

Volume (24h): $6,277,444

Circulating Supply: $980,050,000 GNT

Total Supply: 1,000,000,000 GNT

Rank #: 91

IOTA (MIOTA)

In short, IOTA is a decentralized internet-of-things token.

It’s designed to exist on a distributed ledger, directly applicable in the Internet of Things. (IoT)

IOTA uses a directed acyclic graph (DAG) as opposed to blockchain. 

If blockchain resembles the structure of linked lists of data, DAG is more like a flow chart. 

Information here is structured as a tree-like figure. Each piece of data has its significance and all of those move in the same upward direction.

IOTA uses the revolutionary DAG approach to eliminate miners’ fees in their current state.

IOTA assigns the same duties to every IOTA member – all users here work on both issues and transaction validations. At the same time.

To verify a transaction within the IOTA framework, you’d need to approve two previous transactions. You’d also have to attach proof-of-work (in a tiny form) to help prevent spam on the network.

In addition to removing fees, this structure enables microtransactions as little as a cent in either direction.

Current Price per 1 MIOTA: $0.319279

Market Cap: $887,445,990

Volume (24h): $31,889,129

Circulating Supply: 2,779,530,283 MIOTA

Max Supply: 2,779,530,283 MIOTA

Rank #: 23

Conclusion

Pinpointing promising cryptos is challenging but it pays off. 

Especially if you have a sharp eye for groundbreaking purpose and social psychology knowledge.

I hope my list is just the beginning of your thorough research process to find the optimal digital coins. 

Be it for trading, investment, or support, there are dozens of incredible cryptocurrencies out there.

And as most of those are still in development, 2020 seems like a good time to engage them.

Not because it’s such a nice-looking number but because it is now!