4 Cryptocurrencies to Watch in 2020
Now, the total number of cryptocurrencies operating in the entire cryptocurrency market is no less than a thousand, and many cryptocurrencies are rising every minute.
It has been more than 10 years since the first digital currency came out, some cryptocurrencies have failed to live up to their potential due to hype, and some developments have even surprised us. In this article, we will list the top 4 cryptocurrencies that are best to watch out for at the start of the new decade.
We will cover the development, performance and reliability of these digital currencies. Although 2018 was a terrible year for the cryptocurrency space in general, especially after the highs of 2017, even if it is not surprising compared with the development of cryptocurrency in the past 10 years, overall Saying 2019 is still a relief.
Bitcoin (BTC)
Bitcoin (BTC)
Bitcoin has been the best-performing cryptocurrency in the space for ten years in a row, and even in 2020, it seems that no other cryptocurrency will come close to this number.
Since its creation in 2009, the leading digital currency has surpassed the value of some stocks in a short period of time, and barring a surprisingly bearish year, it's progressing well in terms of gains. After peaking at $20,000 in 2017, the cryptocurrency plummeted to incredible lows the following year.
BTC started 2019 with low liquidity and low expectations, opening at $3,717, and after closing at just over $4,000 at the end of the month, it fell below $3,500 again in February and closed at just $3,784.
Amid a weak atmosphere and market capitalization, Bitcoin made its way to the second quarter, but on June 10th in the second quarter, Bitcoin hit a new 2019 high of $12,575, breaking in just one quarter over the past 12 months record of.
BTC started the third quarter of 2019 with a price as low as $7,944 and steadily rose above $9,000 in the third quarter, only to drop sharply in December.
Ethereum (ETH)
Ethereum (ETH)
Ethereum has been the closest cryptocurrency among Bitcoin contenders, founded in 2015 by the brilliant Vitalik Buterin and his team, the cryptocurrency and its powerful blockchain platform have grown over the years.
While the cryptocurrency itself could be considered a competitor, it is very different from bitcoin, and its blockchain, which powers thousands of companies and developers around the world, is a whole different community in itself.
Ethereum is a decentralized software platform that has made smart contracts and decentralized applications (DApps) something more mainstream, introducing alternative solutions for things like fraud control and encryption protocols.
Ethereum lost more than 90% of its all-time high in 2017 in early 2019. However, the project has grown steadily, closing at a high after the first quarter of 2019, starting at $142 in the second quarter, which was its best quarter of the year, and like Bitcoin, reflecting There is some correlation between the two currencies.
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Binance Coin (BNB)
Binance Coin was created and issued by the Binance exchange in 2017, and even in the short period of its existence, its stock and potential have increased. Of course, its rapid growth is closely related to its size and influence as one of the largest exchanges in the world.
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Tether (USDT)
With more than 4 billion USDT circulating in the cryptocurrency market, it is difficult for other stablecoins to even compete. Tether is also the only stablecoin on the list. It is a digital currency based on the most commonly used fiat currency, the US dollar. The stablecoin has been controversial especially since its launch in 2018, but it continues to break records, dominating other stablecoins in the market despite appearing a little later than other tokens.
Tether, sometimes referred to as the "central bank of cryptocurrencies," has an impressive and growing market capitalization, currently over $4.6 billion, so keep an eye on its developments in 2020.
The original text comes from coinspeaker, compiled by the BluemountainLabs team, with abridged content, the English copyright belongs to the original author, please contact the editor for Chinese reprint.
The cryptocurrencies mentioned in this article are for reference only and do not constitute any investment advice.
