Almost every modern person wants to know how the situation on the cryptocurrency market will develop in order to become rich. It’s quite difficult to make predictions in the cryptocurrency world. However, leading experts have made an attempt to define a dozen cryptocurrencies that will be distributed on the e-currency market and will be in demand by bidders in 2020. Information about this is provided below.
Bitcoin
It is deservedly considered the main electronic payment means. It is expected to decrease the reward by 50% for every verified block until July 2020. However, expertssuggest that the prevailing coefficient will belong to bitcoin out of the total altcoins quantity. Bitcoin may well become a cryptocurrency that has the highest cost in the modern e-currency market. This will have an impact on the increase of its exchange rate.
Lightning Network constant use will ensure bitcoin ecosystem changes, that will open access for implementations in decentralized apps, micro-payment systems, and online shops. These conversions will help to change the opinion that BTC does not have a development prospect.
Bitcoin will save a “haven” status for large Fiat assets holders if the PRC – USA trade war does not stop. The financial crisis in such countries as Argentina, Venezuela, and Iran can bring some funs that will be transferred to bitcoins.
NEO
The name of this project was regularly mentioned in the various lists and ratings of the past year. NEO dispels numerous crypto world stereotypes. This is the first Chinese open-source creation. It is designed to modify the standard monetary system by uniting real and electronic money.
The unique trading mechanism Superconduct makes it possible to conduct confidence funds exchange via a decentralized system. Thus, there is no reason for experts to doubt its practical application and the fast increase of trader interest in this project.
The creators expect to communicate with the PRC authorities, who have a negative attitude towards the electronic currency. This cryptocurrency is sold evenly at ten dollars per unit at the moment.
EOS
The cryptocurrency which is the favorite among the rating compilers from China Center for Information and Industry Development frequently often appears in the forecasts of various experts regarding the development of the situation on the e-currency market.
If the various internet communities and platforms creators will take the decision to go to the blockchain, EOS will certainly become their operation center. A rapid EOS jump up to one hundred dollars per coin is waiting for traders if Ether fails. The Delegated Proof-of-Stake consensus algorithm and a hypothetically endless parallel blockchains amount guaranteed an EOS breakthrough.
Litecoin
This cryptocurrency does not yet claim an honorable place in the top three of the leading electronic settlement funds. However, it should also be mentioned as a fairly prospective cryptocurrency which can take a leading position in the e-currency market currently. Litecoin code that is shared with bitcoin makes LTC a tempting asset. LTC will be fungible with BTC thanks to the Lightning Network.
LTC is sold at the price of eighty-five dollars per unit. But there are all the prerequisites for it to reach the two hundred dollars-level by the middle of 2020. Mining of more than three-quarters of coins is planned for the current year. This makes the asset scarce and creates conditions for the rise in its exchange value.
Ripple
The prosperous signing of contracts with the most significant figures of the financial market gave rights talking about the Ripple ecosystem as the greatest breakout in the field of digital settlement trading. Joining with Western Union and the possible SWIFT substitution to accelerate and decrease the cost of remittance huge money amounts between trading operations participants was the success pinnacle.
Analytics don’t wait for extra earnings from the community. They suggest that its exchange rate will not grow more than $0.7 during the coming years. People started signing a petition charging the management of transferring a huge tokens amount and holding the exchange value at $0.3-0.4 level. The community part doesn’t appreciate Ripple. However, this is the platform that actually works.
Ethereum
The project has lost its former popularity in the last months but experts still wait for the increase in the asset value to one thousand dollars. A famous crypto trader took a poll among his followers. Thus, 54% of the 5,410 people surveyed said that they believe in increasing Ethereum cost.
Smart contracts that are applicable in practice, are used by Ethereum. They are the foundation of numerous elaborations and financial operations digitalization and document flow. Its cost may grow under the influence of the rising demand for the service. The forthcoming forks-updates and the Proof-of-Stake algorithm rapid implementation have a huge influence on the Ether progress or setback. The recognition by supervisory authorities and the community’s resolution to eliminate Ether from the altcoins list may also influence this cryptocurrency value rise.
Monero
This is the perfect decision for the Darknet and all persons who prefer to remain anonymous on the Network, and also don’t satisfied with ASIC. Monero isn’t favored by a public authority but it is a great asset for participants in electronic trading. Only the digital wallet owner has all information about the e-wallet thanks to the cryptonote 2.0 Protocol used. This factor has caused a constant high demand for this cryptocurrency among both honest and dishonest users.
Hackers don’t have access to personal information. This makes hacking and withdrawing financial means much more difficult. Despite the undeniable advantages, a large amount of data in transactions and a deficit issue lack are disadvantages that are typical for the project. However, Monero is still a coin with small volatility that is least dependent on bitcoin and other market fluctuations.
Nextcoin
The Proof-of-Stake algorithm is the main factor that directly affects nextcoin mining. Nextcoin electronic platform has its own system for exchanging electronic funds using a special blockchain. The creators wrote the unique code, avoiding errors and shortcomings made in the previous system version. It doesn’t have well-known analogs.
Built-in chats, energy effectiveness, and trading areas are the platform distinguishing characteristics. It is secured from double-spending attacks.
QASH
This electronic resource can become a great project for retail and institutional investors. To date, Qash isn’t popular with tenderers. However, it is sold at a rate of $0.1 per unit on exchanges. Many analysts suppose its fast increase even in this year.
The Liquid System is a unique project offer. It will produce market balance conversion, which is moving towards the next digital currency exchange generation. Easy altcoin trading, availability of stances in the banking and financial segments give hope for the great Qash achievements.
Lybra
The project that Facebook developers were working on, has not entered the market yet. However, it has already become the subject of heated discussions. This project can be called the huge attempt of corporation to develop the own payment tool which can become a direct competitor to the national currency of the United States. Perhaps, this is what local authorities, who have a negative opinion about Lybra, fear. D. Marcus from PayPal is participated in the creation of Lybra.
Lybra will be a stablecoin, provided by the Facebook monetary support. It was scheduled to draw a huge number of all Facebook resources users. They could be grouped into a single messenger – a payment system with protected encryption conditions. The Lybra Association was created for this purpose. Large companies concerned had entered into it. It is obvious that deliberations with the government bodies will be deferred and the project will not be launched until July of the current year. Only the permission received from the United States of America legislative bodies will serve as a signal for the Lybra launch.
