The fastest way to make a profit is to buy cryptocurrencies. No other investment product is comparable in terms of profitability. In 2017, most cryptocurrencies increased their value and investors made huge profits. Now is the time to consider which of the most promising cryptocurrencies you can invest in 2020 to make a profit. At the same time, you must remember to diversify your portfolio and to assess all the risks.
Firstly, the most popular cryptocurrencies, like Bitcoin and Ethereum, will not bring as much profitability as new and relatively unknown tokens. By investing in them, you can greatly increase your capital and get returns of over 100% in some cases.
In the investment portfolio for 2018, we included and bet on the following promising new cryptocurrencies: Tron (TRX), Stellar Lumens (XML), Cardano (ADA), EOS (EOS), Zilliqa (ZIL), Binance Coin (BNB), Vechain (VEN), Tezos (XTZ), Lisk (LSK), Ontology (ONT), 0x (ZRX) and others. But, why these coins? Soon, most of them will launch their Mainnet, which means switching to their own blockchain. For example, EOS’s will launch on June 2, 2018, TRX on May 31, and Zilliqa sometime in the third quarter of the same year. Stellar XML will present its Lighting technology in the fall, and in addition, the project is collaborating with the well-known company IBM.
Meanwhile, all the most promising cryptocurrencies can be purchased at the CoinBase exchange, the largest cryptocurrency exchange in the world in terms of revenue.
What are the most promising cryptocurrencies in 2020?
Last year was difficult for the world of cryptocurrencies. Some investment instruments have lost all of their value, but the most powerful competitors have become leaders in the field. The following cryptocurrencies are the most promising in terms of potential revenue for your consideration during 2020.
Telegram’s Gram Coin (GRAM)
GRAM is a coin for the Telegram project. Product of Pavel Durov, it will pay for advertising services, digital and physical goods. Also, it will work as a payment system for decentralized applications in the TON blockchain.
The project will start soon. The expected release date of October 21, 2019. In the other hand, investors’ funds will be returned in case of not launching the project by this date, which means that this crypto opportunity is waiting for anyone, making it one of the most promising cryptocurrencies in 2020. The project has high hopes, mainly due to the great reputation of its creator.
Binance Coin (BNB)
Binance Coin (BNB) is a product of the Binance exchange, which allows you to save on commissions for several years. The degree of savings will decrease over time. Recently, the Binance administration decided to extend this benefit and retained a 25% discount for next year (at least until June 2020).
As in the case of Huobi, the opportunity is more relevant for institutional investors who trade in such large amounts. Therefore, they might find more profitable to buy BNB tokens than to pay hundreds or thousands of dollars in trading fees.
Libra is a stable currency by Facebook. Announced in 2019, it works with Move, the social network’s own programming language. You will be able to use this cryptocurrency through the Calibra Wallet. The main objective is to create a stable and at the same time secure means of payment for a wide range of users.
To clarify, Facebook is implementing a bold strategy to expand the blockchain market. If successful, the authority of Zuckerberg will be even larger than it presently is. Therefore, if Libra adheres to the general basic principles of cryptocurrencies, it will have a moot point. However, a company like Facebook will definitely benefit from the development of the project as the main wallet service provider. Consequently, most experts say that it will succeed.
Huobi Token (HT)
The Huobi Token (HT) is a functional token that allows you to buy a subscription in the Huobi exchange. It requires a subscription to receive discounts on trading fees. You can buy a 50% discount for 12,000 HT.
As a result, this opportunity is mainly attractive to institutional investors. Judging by the recent growth in the exchange rate, the demand for its exchange (and, consequently, for the tokens) is increasing among them. Since the exchange is in constant development and attracting new users, the token will be a promising investment.
EXMO Coin (EXM)
EXMO Coin (EXM) is a token that recently had its IEO in the EXMO exchange. The use of this token will give investors a number of advantages: reduction in trading fees, access to a copy trading platform, favorable conditions in a referral program and margin trading.
For the end of 2019, they have promised the introduction of mobile app support and a stop-loss function. Later, for 2020, the launch of cryptocurrency margin trading and the introduction of a copy trading function. Therefore, investing in EXM tokens seems to be a good investment move.
The WINk crypto coin in the TRON blockchain allows you to use a gaming platform with many online games. The platform also supports interaction with fiat and stable currencies. It is aimed at users who want to play in conditions of complete decentralization and anonymity, as well as at game developers.
At the end of 2019, the plan is to activate support for several other cryptographic platforms, WINK Sports said. Earlier, in 2020, they are expected to launch a functional version of the platform with stable coins support and through relationships with some decentralized wallets and applications.
Perlin is a platform where you can buy and sell computing power using tokens. In financial terms, this should be much more profitable than using similar services from Google or Microsoft.
It was launched in June 2019, and users were not disappointed. Many consider the project to be the best in technology, team, and finances. In the near future, updates are expected to improve the security and efficiency of the network, as well as the launch of a trading platform for the sale and purchase of computing power.
Likewise, this is a system whose main objective is to interconnect blockchains of several cryptocurrencies and eliminate some technological limitations. As a result, the capitalization of this currency exceeded one billion dollars (13th place in the rating).
Cosmos expectations for 2020:
- IBC implementation: a communication protocol between blockchains. IBC will allow other Cosmos SDK-based blockchains to connect to the Cosmos Hub.
- Community management: Critical Hub functions will be activated by the ATOM community. The administration of the network and the software or blockchain updates remain the rights of the community.
Ontology is a platform that facilitates the configuration of public blockchain systems for the proper functioning of applications. Therefore, the capitalization of ONT is USD 681 million (18th place).
Ontology outlook for the current year:
- Launch of numerous modules and processes in test mode: multilayer segmentation, cross-chain, optimization.
- Implementation of a hybrid storage solution.
- Transfer of test modules and processes to operational mode.
- Multi-level business solutions connections.
Meanwhile, this is a new blockchain project for fast and secure data transfer between users according to the peer to peer principle. Its capitalization exceeds USD 174 million (40th place).
What Ravencoin expects in 2020:
- Subsequently, it plans to launch a messaging service between authorized token holders. A voting function by creating and distributing tokens, sending them to RVN addresses.
- Compatibility improvements. The newly created tokens on the platform will be easily integrated into exchanges, wallets, etc.; that is, in the general cryptocurrency ecosystem.
- Launch of a mobile wallet with a seed phrase.
It is the token of the BitTorrent platform, created under the supervision of the TRON Foundation. It allows users to monetize the file distribution process through torrents, as well as to reward those who download new content.
BitTorrent plans for the current year:
- Server-side termination.
- Customer UI Improvement.
- Launch of the fully stable version of the wallet, beta test.
- Full connection to the protocol for more than 100 million users.
The beam is a cryptocurrency-focused mainly on privacy. It was developed with the MimbleWimble protocol. Moreover, its capitalization is USD 9 million (27th place).
Platform Development in 2019:
- PoW algorithm changes.
- Introduction of multi-sig and, subsequently, the improved BLS signature system.
- Improved wallet security.
- L2P/Tor integration.
Likewise, the GRIN cryptocurrency runs on the MimbleWimble protocol and provides a high level of anonymity. Its capitalization is USD 19 million (165th place).
The developers expressed the following plans for GRIN:
- Update to the Cockatoo 31+ algorithm version, which will eliminate the need to create hard forks with each update.
- Wallet improvements: simplification of key recovery, integration with payment and exchange systems, expansion of authentication capabilities.
- Consequently, launch of the Android wallet version.
Enjin Coin (ENJ)
Enjin Coin is a token issued by the gaming platform of the same name and it allows users to organize a complete trading environment by buying and selling game items. Its capitalization is USD 129 million (52nd place).
Enjin’s near future plans:
- Active continuation of cooperation with gaming projects (several dozen games are already involved).
- Development of additional tools for integration into games and improvement of the existing ones.
- Refinement of the trading platform and mobile versions of the wallet.
Maker is a platform created to facilitate the linking of digital to real assets (gold, fiat money, securities, etc). Its capitalization is USD 512 million (21st place).
Perspectives that generate interest in Maker:
- Creation of tokens linked to fiat money. The Dai stablecoin which is linked to the US dollar has been created using the platform’s framework; but the introduction of similar tokens for the yuan, yen, euro and other fiat currencies is in their plans.
- Increase in the anonymity of transactions.
Basic Attention Token (BAT)
The Basic Attention Token is a cryptocurrency created to increase the effectiveness of online advertising. Also, this token is used for transactions between users, advertisers and content publishers. Among other things, it offers its open-source Brave browser, which helps make the advertising sphere more transparent. Meanwhile, its market capitalization is USD 483 million (23rd place in the ranking).
Why BAT is considered to be promising in 2020:
- New functionalities are planned: the platform will be more convenient and confidential.
- Implementation of tools that will increase the accuracy of the information provided.
Waves is a platform designed to easily create decentralized applications (dApps). It makes it quite easy, without the need for special skills, to create adapted solutions for your business. Its capitalization is USD 215 million (36th place among all cryptocurrencies).
In 2020, Waves users expect the following:
- Launch of a new programming language for the development of dApps: RIDE.
- Adding support for standard ERC-20 tokens.
- Implementation of the functionality to support any other token in the Waves ecosystem.
- User interface update.
- Improvements in mobile applications and the connections to Java libraries.
Fetch is a decentralized digital representation of the world in which autonomous software agents perform useful economic work. This means that they can perform tasks, such as delivering data or providing services and are rewarded with a digital currency for their efforts — the Fetch Token. Its market capitalization is USD 26.6 million.
In addition, one of the characteristics of this cryptocurrency is the separation of operating costs that are intended for the operation of the system. Similarly, Ethereum works resembling this one.
Tezos (XTZ) is a platform aimed at creating decentralized applications and managing smart contracts. The technology allows us to reduce the number of errors in the code and simplify the verification process. Consequently, the holders of this currency have the right to vote on proposed changes that are responsible for the improvement of the blockchain’s functionality.
Applications created with Tezos cannot be censored or interfered with by third parties. The system’s efficiency and safety are provided by mathematical algorithms. Its market capitalization is USD 1,247 billion.
Celer Network (CELR)
Above all, the Celer blockchain allows its users to create interactive, secure and low-cost applications. The main objective of the project is to improve scalability, that is, to solve one of the most common problems of many modern cryptocurrencies. Its market capitalization is USD 36.25 million.
Consequently, thanks to the use of off-chain technology, performance can increase almost indefinitely as new nodes are added. In addition, most tasks are performed off-chain, freeing up space in the blockchain.
Matic Network (MATIC)
It is a system designed to increase blockchain scalability and speed. It promises to reach 65 thousand transactions per second. After that, the scalability is achieved using Plasma technology, an efficient decentralized mechanism.
Certainly, the Matic platform is very flexible. Therefore, it supports the interaction of different assets and allows users to implement multiple protocols and use its advanced functions of decentralized financial management. Its market capitalization is USD 51 million.
Harmony is an open infrastructure platform with low rates and high bandwidth. For example, it can serve as a platform to create a decentralized economy for the future. In addition, it will provide a convenient market.
Further, the IEO of this project will be held on May 27, 2020, in the Binance Launchpad.
Algorand is a cryptocurrency that uses modern cryptographic methods to mimic consensus in the blockchain without the use of mining incentives. The project was developed by a Turing Award winner and provides several fundamental improvements to the blockchain architecture, allowing cryptocurrencies to work globally and in highly competitive network environments.
Although the project does not have a coherent roadmap, the goals and objectives of the developers are completely clear. The technical aspects are full of details and intelligible, so the project is credible. Algorand has a strong team and the idea itself looks promising, that’s why the cryptocurrency is on the list of the most reliable currencies this year.
Elrond aims to create a new blockchain architecture that goes beyond current trends. Its essence is to create practical scalability through segmentation. The ecosystem offers an engine compatible with the Ethereum virtual machine. As a result, it have full compatibility with smart contracts.
It is too early to say if the team will be able to implement the project. However, the prospects are very good, considering the expertise of the developers in the blockchain industry. The communication of the Elrond team with the community seems positive; if this continues, the project could be among the best blockchains.
Fantom is the first blockchain platform to create smart contracts with DAG technology (Directed Acyclic Graph). The objective of the developers is to eliminate the current problems of the industry, i.e., long transaction confirmation times and limited scalability.
The idea of the project is not original, but using DAG as an implementation method seems unexpected. If all goes well, and the problems disappear, Fantom will achieve excellent success as a pioneer. Unfortunately, so far it has wide competition in the form of cryptocurrency projects that solve similar problems through other methods.
Decred is a Bitcoin fork that offers many advantages for miners. It has a high level of decentralization and a PoS+PoW hybrid mining algorithm. Therefore, working with this currency is beneficial and convenient for both miners and regular users. The system supports atomic swaps: an instant exchange of one cryptocurrency for another.
Decred’s management model is much smarter than BTC’s, and this is gradually attracting more and more users. The team has extensive experience in blockchain projects and seems to understand how to achieve maximum decentralization and equity in the network. The specific path of development depends on how many associations will join it in the near future.
Chainlink solves one of the main problems of many crypto networks: their real-world limitations. In this network, oracles that collect information from external sources and execute programmable smart contracts based on it carry the main work.
Due to the extensive capabilities of the project, the outlook is excellent. It seems that not only private investors, but also large companies think so, a partnership with many of them has already been established, and the list is constantly growing. The use of oracles is one of the main aspects of Chainlink that makes the project interesting for investors.
Most promising cryptocurrencies in 2020
So, these are the most promising cryptocurrencies in 2020. Investing in new tokens could bring you higher capitalization earning then investing to big ones like Bitcoin or Ethereum.
Further, here you can read more about the cryptocurrencies economic details: https://en.wikipedia.org/wiki/Cryptocurrency#Economics