Cryptocurrency Ethereum (Ethereum, Eth)
Ethereum (ETH) has been the most promising cryptocurrency since its creation (2015). Almost no one argues with this. Even Bitcoin supporters do not dispute this fact.
Ethereum is much more technologically advanced and newer than Bitcoin. It meets many modern requirements. This is not just a cryptocurrency, but an entire platform for developing your own applications using Blockchain technology.
Ethereum is also most often used to raise funds in ICOs. He has captured this largest market and is unlikely to give up his place to anyone.
Ethereum allows you to create “smart contracts”. These are smart contracts that allow you to make transactions without intermediaries. Ethereum acts as a guarantor and payment instrument.
Cost forecast for 2020: $3,000...$7,000.
Sometimes it is called "Ether".
EOS is Ethereum's number one contender
EOS is a platform for creating decentralized applications. It works similar to Ethereum, but with one important difference. To work with EOS, you do not need to know programming languages, as is the case with Ethereum, which runs on Solidity. EOS can be compared to an operating system in which users can create any open source application without special knowledge.
In addition to this, there are no transaction fees on EOS. Blocks in the chain are created every 3 seconds, which ensures high transaction processing speed. EOS has every chance to become the most advanced and popular cryptocurrency, so don’t miss the opportunity to buy it for $4.3.
Cryptocurrency ZCash (ZEC)
ZCash is one of the “newest” cryptocurrencies. Appeared only in October 2020. By the way, at the time it entered the crypto exchange, it started trading with a record 2 million dollars per coin! After which its price gradually decreased and fell to “adequate” values.
ZCash - supports completely anonymous transactions thanks to the zk-SNARK protocol. This immediately attracted everyone who sponsors WikiLeaks and other organizations while wanting to remain anonymous.
The ZCash cryptocurrency mining algorithm is resistant to ASICs. It can be efficiently mined on video cards. Therefore, it has gained wide popularity among users.
ZCash is tipped to be the leader among anonymous transfers and transactions in the future. This is due to interesting technology and virtually zero transaction costs.
Zcash (ZEC)
Price per token—RUB 4,351.09.
The open-source, decentralized cryptocurrency launched in the second half of 2020 and looks promising. “If Bitcoin is like http for money, then Zcash is https,” is one of the analogies Zcash uses to attract users.
The idea behind Zcash will definitely appeal even to those who don't use the darknet to make purchases: this blockchain is designed for people who want to keep their transactions private. And although all transactions are recorded and published on the blockchain, details such as sender, recipient and amount remain confidential.
Zcash also offers its users a choice of “shielded” transactions, which allow content to be encrypted using an advanced cryptographic technique or zero-knowledge construct called gk-SNARK.
Cryptocurrency Bitcoin (Bitcoin, BTC)
Bitcoin is the world's first cryptocurrency. Exists since 2009. The most common and popular. Considered "digital gold".
Bitcoin is treated as money, or more precisely, as a standard. All cryptocurrency exchanges have a pair with Bitcoin:
- LTC/BTC
- DASH/BTC
- ETH/BTC
Bitcoin is accepted wherever cryptocurrencies are accepted: all cryptocurrency exchanges, exchangers, online stores.
In developed countries, Bitcoin is treated as a payment instrument.
I am sure that Bitcoin has guaranteed its place forever on the list of cryptocurrencies. You should definitely include some of it in your portfolio.
Monero (XMR)
The price per token is RUB 4,278.05.
This popular open-source digital currency was launched in April 2014 and soon gained a lot of interest among the crypto community. Monero's development is entirely based on donations made by community members.
Due to its exceptional security mechanisms, this cryptocurrency has acquired a dubious reputation as a favorite of criminals around the world. But there is no denying that Monero has brought important technological advancements to the cryptocurrency space.
Cryptocurrency Dash (DarkCoin, DSH)
Dash cryptocurrency is very different from other coins. The original goal of the creators was completely anonymous transactions. The creators have greatly succeeded in this. Before the advent of ZCash, Dash could be considered almost the only option for anonymous transactions.
At the moment, the creators of Dash have a different goal: the fastest possible transactions and the conquest of new markets and areas in the cryptocurrency industry.
The community allocates money to implement Dash in various payment instruments, stores, and more. Only Dash does his own PR and promotion. Due to this, it develops faster than the market.
This cryptocurrency deserves attention and certainly should be in the investment portfolio of a crypto trader.
New Cryptocurrency: Basic Attention (BAT)
BAT logo
Basic Attention Token (BAT) is one of the most promising new cryptocurrencies of 2020. At the beginning of the year, in a very short time, BAT increased its price several times. BAT is currently trading at around $0.36, and despite some decline in BAT's value recently, the year-to-date price chart is definitely impressive.
BAT cryptocurrency is a project presented by the creator of the JavaScript programming language and co-founder of Mozilla and Firefox. The project is based on a transparent and decentralized open-source protocol that transforms digital advertising using blockchain technology. The project has made serious progress and has already released a working version of its product into the public domain.
Growth of the BAT cryptocurrency
// Source: Coingecko
Cryptocurrency Monero (Monero, XMR)
Released: April 2014. Open source.
18.4 million will be produced by 2022. From now on, only 0.6 coins will be given for each block. Mining algorithm: CryptoNote.
The main feature of the Monero cryptocurrency is the anonymity of transactions, which is achieved by mixing tokens during transfers and using Stealth addresses. It is the main competitor of ZCash in the field of anonymity. But transaction fees are higher here.
Monero has an interesting mining algorithm, which makes its mining popular. For example, it can be effectively mined only on processors with a large L3 capacity (Cache).
Mining is also interesting because it will soon end the active accumulation phase and will continue to give much fewer coins for mining.
Binance Coin
Cryptocurrency Binance Coin. Photo: bitcoinist.com
Released in mid-2020, Binance Coin (BNB) is an altcoin that can be used for both trading purposes and to pay transaction fees on the Binance exchange. In addition, the crypto platform itself provides token owners with various bonuses and discounts when using digital currency for internal transactions.
The cost of the cryptocurrency at the beginning of 2020 was $6 per token. However, by the last week of May, the price of one token increased to $35.20, representing an increase of more than 450%. However, during the third quarter of 2020, the price of BNB decreased from $33.10 to $15.79. The price of the cryptocurrency has been relatively stable over the past couple of months, with the average price of the asset hovering just below $14 in December.
Since the beginning of the year, the total value of the BNB/USD pair has increased by more than 140%.
Cryptocurrency Litecoin (Litecoin, LTC)
The Litecoin cryptocurrency appeared in 2011. This was the second crypto coin in the world. Direct competitor to Bitcoin.
The name comes from “Light” - light/fast. If Bitcoin is considered “gold”, then Litecoin has long been considered “silver”.
It has a more advanced code that allows you to make transactions 4 times faster. A total of 84 million coins will be issued.
Litecoin is available in every cryptocurrency exchanger and every crypto exchange. It is not inferior in popularity to Bitcoin. I think that with such popularity it will definitely always be in demand in the world of cryptocurrencies.
Litecoin (LTC)
Price per token—RUB 5,097.93.
One of the first cryptocurrencies to follow Bitcoin was created by Charlie Lee, a former Google engineer.
The Litecoin system, with its namesake cryptocurrency, is based on an open-source global payment network that is not controlled by any central authority. Although Litecoin is similar to Bitcoin in many ways, it has a higher block generation rate and therefore offers faster transaction confirmations. You can trade and exchange Litecoin on most popular cryptocurrency exchanges.
There is an ever-growing number of merchants who accept Litecoin. As of April 15, 2020, Litecoin's market capitalization was $5.11 billion and the token value was $83.
Ripple cryptocurrency (Ripple, XRP)
Ripple is a unique cryptocurrency. It can even be called private. Coin issue 100 billion coins. Mining is not provided.
The commission when sending Ripple is burned (it is not credited to anyone, these coins are written off).
The following banks are already working with Ripple: American Express, UniCredit, Royal Bank of Scotland, Standard Chartered, Santander, Axis Bank, Yes Bank, Westpac, Union Credit, NBAD and UBS. They use it as internal transfers.
Ripple's transaction speeds are very fast. The network can withstand even up to 50 thousand operations per second.
Ripple became very popular at the very beginning of 2020, when its rate rose to a sky-high $3.5 per coin.
Many experts do not promise a great future for this cryptocurrency, since it is “private”. But nevertheless, the growth of the exchange rate haunts speculators. Together with the entire crypto market, Ripple has every chance to grow further.
Brief description of the nominees
1. Ripple (XRP)
The XRP cryptocurrency is aimed at the banking sector, has high throughput and low commissions. The project has achieved unprecedented success in integrating into the real economy. This is confirmed by more than a hundred existing agreements with large financial institutions for the use of their technology. Ripple is actively promoting in the USA and the Middle East region; in 2020, its rate increased 600 times. Today, XRP is a strong bridge connecting the cryptocurrency economy with the traditional one. The demand for the coin is very high, hence the high growth potential in 2020.
2. Ethereum (ETH)
The brainchild of V. Buterin is now going through hard times. The ether rate froze at $110 and even dropped from its usual second place to third in the cryptocurrency ranking, behind Ripple. But do not forget that the Ethereum project has an excellent reputation and remains the largest decentralized platform for creating new cryptocurrencies and launching ICOs. The team is actively working on scalability and inflation, introducing innovative solutions. In short, the chances of broadcasting for a bright future are very high.
3. IOTA (MIOTA)
The IOTA project was created specifically for the Internet of Things (IOT) as a very fast and secure micropayment system without transactions. The real value of the coin is evidenced by cooperation with reputable partners, in particular, Bosch, as well as the enormous potential of IOT technology.
4.NEO (NEO)
The NEO (“Chinese Ether”) cryptocurrency was created by developers from China with the active support of the government and has every chance of receiving the status of the state digital currency of China. Taking into account the share of the Asian market in the cryptocurrency industry, NEO has a high chance of gaining a leadership position in the very near future.
5. EOS (EOS)
EOS is a direct competitor to Ethereum in the development of smart contract technology. In technical terms, the coin is more progressive in comparison with ether, continues to develop and promises to show its full potential very soon.
Please note that we deliberately did not include Bitcoin in this list. BTC, despite difficult times, remains the standard of reliability and the main driving force behind all changes in the crypto market. The authority of Bitcoin is indisputable, its popularity is still very high. In our opinion, nothing threatens the leading position of the main cryptocurrency in 2020. We presented the TOP of relatively young coins that have not yet fully revealed their capabilities.
Cryptocurrency Bitcoin Cash (Bitcoin Cash, BCH)
The Bitcoin Cash cryptocurrency is the first fork of Bitcoin. Introduced August 1, 2020. Everyone who had Bitcoin coins in their wallets received the same amount in their Bitcoin Cash account.
Few people believed in the continued popularity of Bitcoin Cash, but in the end it began to perform well. Its rate grew rapidly in the fall.
The advantage of Bitcoin Cash over the original one is that transactions are much faster and the commission for them is lower.
I'm sure it's worth keeping Bitcoin Cash in your portfolio. Its future depends heavily on the original Bitcoin.
List of cryptocurrencies for 2020
Let's consider a number of digital coins that you should constantly have in your investment portfolio, based on the capitalization rate and other key indicators listed above. We will also consider promising cryptocurrencies for investment in 2020, which appeared in 2018 and what are their features. Recently, the emergence of new cryptocurrencies is associated primarily with the goal of obtaining monetary profit. And only secondarily is it a solution to a number of problems or one of them that are not finalized in old digital coins, or more precisely in their algorithm.
Promising projects created in 2020
1. “KZCash” (KZC coin). Parameters: date of appearance – October 2018, consensus – PoW, mining algorithm – X11, number of coins – 18 million. 2. “Rubius” (RUBY coin). Parameters: date of appearance – September 2020, number of coins – 300 million. 3. “MedicoHealth” (MHP coin). Parameters: date of appearance – October 2020, number of coins – 500 million. 4. “Acute Angle Cloud” (AAC coins). Parameters: date of appearance – September 2020, consensus – DPOS, mining algorithm – ECC 256K1, number of coins – 1 billion. 5. “Divi Project” (DIVI coin). Parameters: date of appearance – September 2020, consensus – PoS, number of coins – 617160700.
TOP coins for investment in 2019
The currencies that we recommend, in one proportion or another, to always have in your portfolio: 1. “Bitcoin” – the basic blockchain. 2. “Ethereum” – technology going beyond applications linked to coins, restructuring to solve various problems. 3. “Ripple” – conducting international transactions in different systems. 4. “Litecoin” – a high-speed analogue of Bitcoin under “Segregated Witness”. 5. “Dash” – instant transactions on the Internet. 6. “Monero” – payment transactions are not tracked. 7. “Dogecoin” – used to finance sports. 8. “Stellar” – protocols designed for smart contracts. 9. Komodo is the starting point (base) for software development. 10. “IOTA” is a system for micropayments on the Internet without commissions. 11. “Einsteinium” – progressive financing of developments. 12. “Verge” is a fork of Bitcoin, transaction addresses are not tracked.
Cryptocurrency DogeCoin (Dogecoin, Doge)
The cryptocurrency Dogecoin is an altcoin of Litecoin. It just works even faster. Its logo features a Shiba Inu dog. Nobody believed in the success of this currency, but the public really liked it and sharply gained its popularity.
There are virtually no transfer fees, which makes this crypto coin very popular in the field of small transfers.
The number of Dogecoin coins is very large. And 5.256 billion Dogecoin coins are mined annually. The issue is not limited and will continue.
DogeCoin's distribution is not as widespread as Bitcoin, Litecoin and Ethereum, but it is available on almost every crypto exchange. There is definitely a future for this coin, as everyone loves it and this community love will not go away with time.
Bitcoin (BTC)
The first cryptocurrency appeared in early 2009. The issue is limited - 21 million coins. Mining is carried out on SHA-256 with a block reward of 12.5 BTC. The average time to find a node is 10 minutes, competition is extremely high. Bitcoin is increasingly called digital gold:
- official website bitcoin.org;
- exchange rate at the time of issue/06/01/19 - 0.003/8,574.50;
- number of exchanges/pairs - 102/8673;
- place in the ranking - 1.
Bitcoin is the first decentralized payment network whose transactions are protected by cryptographic encryption. Payments between participants are carried out on a peer-to-peer basis, that is, equality. Information about BTC owners is not available to third parties, but the transactions themselves are open to tracking.
Altcoins—all other cryptocurrencies and tokens—are based on the Bitcoin blockchain.
Video: Bitcoin in 2020
Litecoin (LTC)
A fork of Bitcoin, known as digital silver, appeared in 2011 with an emission of 84 million - 4 times larger than BTC and a block calculation time 4 times shorter - 2.5 minutes. Encryption method Scrypt, reward 25 coins:
- official website litecoin.org;
- exchange rate at the time of graduation/06/01/19 - 4.3/114.54;
- number of exchanges/pairs - 65/770;
- place in the ranking - 6.
The throughput of the LTC network is 56 operations per second - 8 times more than the prototype. The coin is convenient for quick transfers with an average commission of 0.05 Litecoin. Popular among Darknet users.
Ethereum (ETH)
Released in 2020 by the team of Vitalik Buterin, a programmer of Russian origin. Emission is not limited. It is mined using a nonce code - a principle that uses a random one-time code:
- official website ethereum.org;
- exchange rate at the time of release/06/01/19 - 2.83/268.11;
- number of exchanges/pairs - 102/6041;
- place in the ranking - 2.
The Ethereum project is a technology for running self-executing scripts known as smart contracts.
Their value lies in the elimination of accompanying persons from the transaction, for example, lawyers, accountants, operators, which, accordingly, allows saving corporate funds. Smart contracts also provide confidence in the fast and reliable execution of a transaction, since they confirm the completed action only if both parties have fulfilled the obligations stipulated by the algorithm.
On the Ethereum blockchain, in addition to smart contracts, you can run decentralized applications. There are about a thousand such projects, each aimed at simplifying highly specialized tasks. The tokens of these crypto projects are standardized as ERC-20.
See also: The best investments for individuals in 2019. Expert opinion: where to invest free funds to receive passive income
