In the last few years, the cryptocurrency industry has grown rapidly, offering some quality projects with real-world use cases.
In addition to the rise of this industry, with token sales, these projects are beginning to be used as an opportunity for direct investment by people looking for potential projects. The list below notes several cryptocurrencies with high potential for development in 2020 and can bring good returns on possible investments in them.
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Bitcoin was born in 2008 and continued its initial development until May 2010 and became known as the first cryptocurrency. The father of all digital currencies is a complete dominant of the leverage btc trading market. In fact, Bitcoin has been recognized as digital gold in cryptocurrencies.
Bitcoin is the most popular cryptocurrency in the world and is used as a major part in building crypto pairs on all exchanges in the world.
In fact, most people like the fact that Bitcoin is not controlled by governments or banks. In addition, holders can spend their Bitcoins almost anonymously. Although all transactions are recorded, no one knows which account number belongs to whom until the owner shares this information himself.
It is important to note that the price of Bitcoin is highly volatile. For example, on October 26, 2019 for two hours the largest cryptocurrency rose by about 30% and then fell by 10% again in just a few hours.
Such price movements are due to the lower liquidity in the cryptocurrency market compared to other financial markets.
Terra money is one of the cryptocurrencies that should be monitored in 2020. It solves two main problems, other cryptocurrencies are difficult to solve: price volatility and lack of use as a medium of exchange.
Terra starts by recruiting merchants to accept Terra Money, which makes it easier for consumers to accept payments. There are already 15 e-commerce services that have registered as WooWa Brothers, Pomelo, Tiki and Qoo10. They boast over 40 million customers and an annual transaction volume of 425 billion.
Terraform labs, the company behind Terra Money, is a well-known company in Korea with a strong interest in the Southeast Asian market. The founding team is led by Daniel Sheen, who is the founder of TicketMonster, a $ 3.5 billion e-commerce company in Korea.
The Terra project is also supported by leading crypto companies such as Binance Labs, OKEx, Huobi Capital, Kakaoventures and Dunamu.
The world’s largest cryptocurrency exchange has its own coin – Binance Coin (BNB), which is currently the seventh largest with a market capitalization of $ 2.6 billion. Since its launch in 2017, BNB has a return on investment of over 9000% and this makes it one of the best performing digital currencies on the market.
The daily and traded volume exceeds $ 200 million because it is used not only for trading, but also as a key means of concluding deals for various products related to margin trading on Binance.
BNB is accepted as a mean of payment by many online platforms. Binance coin is used in various ways, including as a mean of payment. Some online retailers like TravelbyBit in Australia, crypto.com, Gifto, Pundi X are among the others accepting BNB.
Binance coin virtually feeds the entire ecosystem of the cryptocurrency exchange Binance and acceptance and will grow in 2020. Thus, the BNB is likely to continue to increase in value. In addition, in 2020, expansion is expected in the United States. The United States is a major crypto market and this will significantly increase the use of BNB.
It is estimated that in 2020, half of new businesses will use the Internet of Things (IoT). IoTeX enables everyone to create their own IoT ecosystems in a way that allows more innovation and growth in an open system rather than a closed one.
This is a foundation similar to the TCP / IP Internet protocol that allows others to build applications on it. In this way, IoTeX will be able to capture some of the value, while driving unprecedented innovation in new ways.
As the IoT industry continues to grow in 2020, IoTeX is a strategically positioned cryptocurrency to take advantage of this growth. Therefore, the price of the IoTeX coin may witness significant growth.
IoTeX is making the vision of the Internet of Things a reality and is already partnering with various players in the industry, and the coin is available on reputable exchanges such as Binance, Bittrex and KuCoin. IoTeX also received strategic investments from investors such as HashKey Group, a leading technology conglomerate in Hong Kong.