Every Crypto Trading and Investment Activities Involve Risk. This Article Is Provided For Informational Purposes Only And Shouldn’t Be Taken As Investing/Trading Advice.
The rise of blockchain technology and cryptocurrency has been staggering. Blockchain technology is being used in an array of different industries and businesses, ranging from the healthcare sector to tourism. Such is its growing popularity, that a blockchain technology backed veganism community, VeganNation, is on the rise. Funnily enough, blockchain technology was once heralded to not last the trial of time! Bitcoin is the most popular cryptocurrency out there, and its price as of the 27th of November stands at a respectable $7,539. Of the many markets to invest in, and reap profits off, the cryptocurrency market is currently one of the most volatile, yet, that’s a part and parcel of its beauty.
The motto of investing in a cryptocurrency is to perform your due diligence, and invest in that particular coin when its price is low. You must back your research, and not fall in the FOMO (Fear of Missing Out) trap. You can choose to hoard your acquired coins, and sell when its price rises substantially, or hold on (HODL), and sell when you feel the time is right. There are several worthy blockchain projects out there, yet there are a few altcoins, that have particularly caught our eye. Before we get into the altcoins with the highest potential, come 2020, how should you choose an altcoin to invest in, in the first place (apart from reading this article of course!)?
How to Choose an Altcoin to Invest in, in 2020?
When choosing an altcoin to invest in, you must choose a project which has high potential. As is the case with investing in any market type, you must do your research, gauge the potential of the project and what its aim is, as well as forecast the possibility of the project succeeding. Considering the affordability of the altcoin you are looking at investing in is key as well, as you should always purchase a coin when it’s at a low price.
That being kept in mind, do not wait for the price of a coin to dip to its lowest, as no one accurately predicts the same. The altcoins mentioned in this list are inexpensive as of now and have tremendous potential, come 2020. Is now the best time to invest in these altcoins? What is 2020 preparing for altcoins, and cryptocurrency enthusiasts? Let’s check out the price predictions for altcoins with high potential.
1] BitTorrent (BTT)
In what shall prove to be a fruitful partnership, TRON acquired BitTorrent back in July 2018. BitTorrent is the world’s largest peer-to-peer file sharing protocol, and as of today, has over 100 million users. TRON intends on combining its blockchain network, with the P2P network of BitTorrent, to create an infrastructure that will serve as a decentralized content distribution platform. TRON intends on this platform serving as a new Internet, altogether. This project is called ‘Project Atlas’. Given BitTorrent’s huge user base and TRON’s standing in the market, Project Atlas looks like a solid prospect, bound to succeed in time to come.
The torrent ecosystem will be infused with storage and bandwidth, allowing the users of BitTorrent to earn TRX tokens for participating and contributing to the network. Given the growing size of the torrent market, and the possibility of earning through it, this is unlikely to backfire. These users will get several special features, like faster downloads, if they bid with tokens, as well as several other lucrative benefits and features. The BTT token is one to look out for, come 2020, and you must perform your due diligence on Project Atlas.
BTT has been out for quite some time now, and its price is very low, at $0.00036399, as of the 27th of November 2019. Its value is not expected to rise substantially in the next crypto Bull Run, nevertheless, the token must be kept an eye on, as the project’s potential is huge. Read up on the TRON ecosystem to find out more about the token’s parent company. You can buy the BTT token on popular exchanges like Binance and Kucoin.
2] IoTeX (IOTX)
Founded back in 2017, IoTeX is a very exciting project to look out for. IoTeX is an open-source project that is building a platform that is privacy-oriented, in order to enable the Internet of Things (IoT). IoT is bound to play an important role in years to come, and this project is of keen interest, come 2020. To put it into perspective, the number of IoT devices is expected to be well over 50 billion next year! Automation and secure methods of communication in real-time will become a necessity, and this is where IoTeX will serve its purpose. According to this bitcoin profit review, IoTeX is along with Bitcoin, one of the coins to keep tabs on.
The IoTeX project is based on a root blockchain that enables governance and security for the network and also takes care of it while managing other sidechains in the network that carry out specific functions. IoTeX has developed two privacy methods – relayable payment code and ring signatures. Relayable payment code hides the address of the person receiving a transaction. The first token that being issues on the IoTeX platform is called VITA, and as of today, is priced lowly.
3] PundiX (NPXS)
Of the three altcoin projects mentioned on this list, we find PundiX to be the most fascinating of the three. The PundiX project aims at using cryptocurrencies as a global system of going cashless. Its Point-of-Scale devices, called XPoS allow convenience stores, shops, and cafes to accept cryptocurrency payments. You can sell cryptocurrencies on these devices as well. The device works with the help of a mobile wallet called XWallet, and its interface is easy to use, allowing for the simple buying and selling of popular cryptocurrencies like Bitcoin and Ethereum. At the end of each transaction, a receipt is printed, and the XPoS device maintains a track of all orders and an inventory for the same.
As several countries are adapting to cryptocurrencies, it is likely that the global adaptation of cryptocurrencies will be much higher in 2020, and this makes PundiX an exciting project to look out for in 2020. To put it into perspective, PundiX has already delivered 500 units of its XPoS device to shops in Hong Kong. The project’s goal is to deliver further 100,000-700,000 XPoS devices over the next three years. According to some price prediction blogs, the value of PundiX could even double in less than a year.
Conclusion on Altcoin Price Predictions for 2020
We are sure that there are several exciting altcoin projects to look out for, yet these three spikes considerable interest. Their potential is huge, and we expect 2020 to be a good year for these three altcoins. Nevertheless, before buying into a cryptocurrency project, you must perform your due diligence as investing in cryptocurrencies comes with high-risk, only trade what you can afford to lose.