2020 promises to be a good year for the cryptocurrency market. With many high anticipated developments planned to take place, investors and experts are expecting nothing but all ‘greens’ this year. Of course, the crypto market will again see the influx of new digital coins all with the aim of making it to the top. Many cryptocurrencies have been projected to excel this year and this piece sheds light on a few of them.
1. Ethereum (ETH)
Ethereum has been bitcoin’s biggest challenger for the most part of its crypto journey. The digital coin, however, has failed to impress over the past few months, but many experts believe this is about to change.
Its dApp processing platform raked in over 1.4 million users last year, of which 1.28 million were new users with the remaining number, returning users. Ethereum’s network use has evolved over the past years and its adoption rate is also on the high. Many experts are predicting a big year for the digital coin.
2. Tezos (XTZ)
Tezos’s underlying technology which is supported by an on-chain governance system takes its proof of stake technology to the next level. Its ecosystem, according to experts is on course to become a major public infrastructure, after major bodies expressed interest in it. The digital coin is currently ranked 11th and is trading at $1.98 but expected to climb up to $12 by the end of the year.
3. Litecoin (LTC)
Litecoin was one of the best-performing coins last year and is expected to carry on with that superb form this year. With its Lightning network already up and running, LTC will be interchangeable with Bitcoin. Litecoin has always been seen as the superior coin over Bitcoin in terms of Technology, as its platform is ready to serve as a global payment network, something that Bitcoin cannot offer.
Its price is expected to double this year, with other experts believing that, the digital coin will achieve a whopping 440% rise before the end of the year. Currently trading at $69.70, the coin is amongst the top options for investment this year.
4. Stellar Lumens (XLM)
Stellar Lumens is projected to conquer the market in 2020 with regards to remittance payments, ICO’s on its network, cross-border payments in small banks and other financial institutions, decentralized exchanges such as SDEX and the implementation of the lightning network.
Although Ripple’s XRP will dominate in the big bank circle, as well as Solaris, powering past Stellar (now 5 times larger than Stellar in terms of market share), Stellar Lumens is projected to run the other aspects which put them in the same league as the aforementioned digital coins.
Undoubtedly the leading coin in terms of banking infrastructure, Ripple looks set to achieve more this year. With a partnership with Worldwide financial services powerhouse, Western Union and projected deals lined up from Moneygram, the digital coin is going to maintain its spot as the go-to coin in terms of banking. The digital coin is reportedly going to achieve over 380% this year and with its price currently at $0.25, it is one of the coins to keep tabs on.
6. ICON (ICX)
ICON seeks to connect crypto to the real world by building the largest decentralized network that will enable users to communicate between diverse blockchains and is going to be a convenient platform that will serve institutional and retail investors. ICX token is currently trading at $0.52 and this price is expected to hit the $5 mark this year, thus according to predictions.
7. Cardano (ADA)
Cardano started the year on a strong note, moving from $0.033 at the start of the month to currently trading at $0.056. Even though its adoption rate is still lacking behind, the coin is expected to change around this year. The launching of the Goguen Project and the KEVM testnet is expected to give the coin a push. Cardano’s 47% rise in the opening stage of the year makes a strong case for a bullish run this year.