What cryptocurrencies should you invest in 2020? What altcoins have the most potential in 2020? What other cryptos should a crypto investor trade besides Bitcoin? What are those top altcoins? Let’s find out in the second part of our article.
6. Libra (LIBRA)
Rumors were formally confirmed on June 18, 2019, when Facebook released the white paper for Libra. The tentative launch date for the token is later in 2020, as Facebook has committed to sorting through regulatory barriers before launch. Libra will be overseen in part by a new Facebook subsidiary, the financial services outfit Calibra. When Libra does launch, it is sure to garner massive amounts of attention from those within (and outside of) the cryptocurrency sphere.
One of the most-anticipated cryptos as of now that is still to be launched in 2020. It is, however, something that is opposed to the idea of cryptocurrencies as it is centralized and has an unlimited supply, therefore, it can be easily manipulated and controlled. That is something that Satoshi Nakamoto wanted to avoid in the first place.
By mid-2018, bits of gossip circled that online networking monster Facebook, Inc. (FB) was building up its own digital currency. Given Facebook’s staggering worldwide reach and the potential for gigantic volumes of trade over its foundation, the cryptocurrency had since quite a while ago guessed that the web-based life titan may dispatch its own token.
Bits of gossip officially affirmed on June 18, 2019, when Facebook discharged the white paper for Libra. The provisional launch date for the token is later in 2020, as Facebook has focused on figuring out administrative boundaries before dispatch. Libra will be directed to some degree by another Facebook daughter company, called Calibra. When Libra launches, it makes certain to gather gigantic measures of consideration from that inside (and outside of) the cryptographic industry.
Libra price and market capitalization: N/A
7. Monero (XMR)
This open-source crypto was created in April 2014 and instigated incredible enthusiasm among the cryptography zealots. The improvement of this digital coin is totally gift-based and network-driven. Monero has been propelled with a solid spotlight on decentralization and scalability, and it empowers total security by utilizing an exceptional procedure called “ring signatures.”
With Monero, there is a group of cryptographic signatures at least one of which is the real one, however, it cannot be told which one it is among the others. Due to remarkable security and anonymity, Monero has been connected to criminal activities around the globe. Regardless, whether it is utilized for good or evil deeds, there’s no denying that Monero has acquainted significant innovative advances within the crypto space.
Monero is a secure, totally anonymous and untraceable cryptocurrency – something that is feared by all banks and authorities. Some might say it should be banned but we have a different opinion. Privacy is our fundamental human right and should always be perceived as such.
XMR current price and market capitalization (Jan. 29th, 2020) – $70,06/$1.22 billion.
8. EOS (EOS)
Started in June of 2018, EOS was developed by the crypto pioneer Dan Larimer. Before his work on EOS, Larimer had started the advanced automated exchange Bitshares just as the other project, a blockchain-based social media platform Steemit. EOS takes after Ethereum, so it offers a platform on which developers can create and launch decentralized applications (dApps).
There are, however, some differences: ICO lasted over a year and amount to over $4 billion. EOS offers a delegated proof-of-stake mechanism to provide better scalability than competitors. EOS acts like a separate network without a mining mechanism – the so-called miners create blocks and are rewarded with EOS tokens based on their production rates. There is, of course, a complicated system of rules to monitor this, but the general idea is that the network will ultimately be more democratic and decentralized than other cryptos.
EOS current price and market capitalization (Jan. 29th, 2020) – $4,01 /$3,81 billion.
9. Bitcoin SV (BSV)
Bitcoin SV (BSV), (Bitcoin Satoshi Vision) is a hard fork of Bitcoin Cash. The creator of BSV, Craig S. Wright, also claims to be the real Satoshi Nakamoto (he has failed to prove it yet). He proposed this fork to re-establish the so-called “Satoshi Vision” to the world of cryptocurrencies as he claims that the real of Bitcoin has been tainted. He plans to improve scalability, finally brings adoption and better transaction times, hence restoring the original Bitcoin protocol to keep it stable, and allow it to scale massively.
BSV current price and market capitalization (Jan. 29th, 2020) – $287,97 /$5,23 billion.
10. Binance Coin (BNB)
Binance Coin (BNB) is the official token of the Binance cryptocurrency exchange platform, one of the most popular ones in 2020. Founded in 2017, Binance quickly rose to prominence, winning the traders’ trust in no time. The Binance Coin token lets investors invest and trade with a lot of different cryptocurrencies efficiently on the Binance platform. BNB token is used to lower and pay for transaction fees on the exchange and may also be used to pay for certain goods and services, including travel fees and more.
BNB current price and market capitalization (Jan. 29th, 2020) – $18,05 /$2,80 billion.
Those were the last five Altcoins on our list that try to follow Bitcoin’s suit.
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