10 Best Altcoins for 2020


The year 2020 is just around the corner, and it’s time to start thinking about what you’ll be investing in. There are many coins that have been making waves across the cryptocurrency market, but which ones will stand out as the best investments for this coming year?

The next cryptocurrency to explode 2021 is a question that has been asked before. There are many things that could potentially make an altcoin be the next big thing.

Now that we’re over a month into 2020, we take a look back at 2019 and reflect on how dismal the year’s conclusion was from a crypto standpoint. If there’s one thing we’ve learned from last year, it’s that you shouldn’t count your chickens until they hatch.

While the value of cryptocurrencies as a whole has dropped, there is no one cause to blame. Values seem to be recovering to levels that are healthy for a young sector. Of course, some people may prefer to bemoan what might have been. We, on the other hand, view this return as an opportunity to start over in the new year.

As a consequence, we’ve created a list of the top cryptocurrencies for 2020 that we think have a lot of potential. Naturally, keep in mind that this isn’t financial or investment advice. Otherwise, have a look at our top-ranked cryptocurrencies for 2020.

What is an Altcoin, exactly?

Image courtesy of Unsplash.com

If you’re acquainted with cryptocurrencies, you’re aware that the name “altcoin” is derived from the terms “alternative” and “coin.” This phrase refers to any currency that isn’t Bitcoin, regardless of how popular or valuable it is. The term does not allude to any particular cryptocurrency.

Thousands of cryptocurrencies are accessible, and more are being added every day. Popularity, price, technology, and a variety of other factors all affect the value of these coins. Bitcoin, being the first cryptocurrency, is still the most popular and extensively used digital money. Bitcoin was also the impetus for the development of blockchain and the technology that underpins it.

When it comes to Bitcoin, however, there are certain restrictions. As a result of these limitations, businesses have created their own blockchains. New coins and tokens are required since these new blockchains have their own set of unique characteristics and capabilities. As a result, altcoins were created.


Altcoins come in a variety of shapes and sizes.

There are more altcoins than you can list, all of which were developed to solve a specific issue. Some altcoins are Bitcoin clones, such as Bitcoin Cash and Litecoin, while others concentrate on privacy, integration, and compatibility.

The cryptocurrencies we prefer for 2020 all have different technology and innovative answers to global issues. Some of the coins on our list deal with comparable problems, while others are industry-specific.

So now you know what an altcoin is and how it tries to address restrictions in the original cryptocurrency, Bitcoin, or find solutions to particular problems.

With that in mind, we’ve compiled a list of the top cryptocurrencies for 2020.


Cardano, No. 1 (ADA)

10 Best Altcoins for 2020

Cardano.org is the source of this image.

Cardano is on everyone’s radar since it is revolutionizing the smart contract market by adding more features and making it simpler to use. Cardano is a cryptocurrency that competes with Ethereum and has a strong team and community.

Some believe Cardano’s plan is too ambitious, particularly given the project’s failure to meet several of its goals. However, if Cardano achieves its objective, it has the potential to flip the smart contract industry on its head.

The platform’s development is constant, thanks to Cardano’s strong development staff. Cardano’s long-term goals include developing a blockchain that is both efficient and adaptable for its users. As a result, the Cardano project has a lot of upside potential.

Cardano appeals to us because it is the first blockchain platform to combine scientific ideas with a data-driven strategy. The Cardano Point-of-Stake method, for example, is based on scientific arguments and is just as safe as the more popular Point-of-Work algorithm.

Furthermore, the cryptocurrency offers a solution for the quantum computer issue, which will be faced by many other blockchains in the future. While this capacity has yet to be deployed, it has piqued the attention of businesses. Cardano is therefore well-positioned for future development and may make significant progress in the next year or two.

10 Best Altcoins for 2020


Tron (#2) (TRX)

10 Best Altcoins for 2020

Image Tron.Network (through Tron.Network)

Tron, like many of the other cryptocurrencies on our list, had a difficult fourth quarter of 2018. Even if its recent performance has been poor, Tron is still the 13th most valuable cryptocurrency by market capitalization. As a consequence, the Tron project has a lot riding on it.

While Tron initially struggled, the cryptocurrency has now brushed off those issues and is beginning to come into its own. To begin with, the coin gets a new home on Bittrex, one of the world’s biggest cryptocurrency exchanges. Tron has also begun to create and develop support for decentralized apps (dApps), which will be used only on its network.

Justin Sun, the CEO of Tron, has gone out of his way to demonstrate how powerful the Tron platform is. He claims that his platform is not just a force to be reckoned with today, but will also be a high-ranking cryptocurrency in the future.

Sun has also suggested the idea of incorporating a new Tron-based coin that will be usable on the Tron platform. The token’s main function is to enable users to share data on the Tron network. In addition, all users should be able to download files at a quicker rate. These capabilities will be accessible on both Tron’s mobile and desktop clients, according to the proposal.

Tron thinks it should be recognized as a top performer in the crypto industry because of its aim of altering the way we interact as a society. We find it difficult to disagree with this attitude, therefore don’t be shocked if Tron makes substantial progress in 2019.

Tron intends to keep developing a high-quality system for its customers throughout the year. It’s possible that now is the moment for investors to pay attention to Tron and give it the respect it deserves.

10 Best Altcoins for 2020


Ripple #3 (XRP)

10 Best Altcoins for 2020

Ripple.com provided this image.

Ripple is a well-known cryptocurrency that is unusual in that it concentrates on a single industry’s problem: international payment transfers. The cryptocurrency was established in 2012 with the aim of reducing the cost and speed of international transactions.

Many crypto naturalists claim that Ripple laboratories owns half of the 100 billion XRP coins that will ever exist, implying that they are not a genuine cryptocurrency. This is because the overwhelming majority of today’s cryptocurrencies do not have a central organization that controls the bulk of their currency. As a consequence, many argue that Ripple isn’t really decentralized and shouldn’t claim to be.

Ripple, on the other hand, excels in providing solutions for the industries in which it invests. International transfers may take anything from seven to 10 days at the moment. In contrast, Ripple may complete the identical transaction in a matter of seconds. Furthermore, costs on the Ripple platform are considerably cheaper than those charged by conventional financial institutions.

Ripple has a specific use in mind, focusing all of its efforts on international payments. This means the Ripple team isn’t distracted by other initiatives and can focus on providing the best solution for a particular industry.

Finally, Ripple has an edge over many altcoins in that it is one of the few cryptocurrencies that can claim to have real-world applications. Ripple has formed strategic alliances with a number of major financial institutions. Santander and American Express are two among them. Regardless of whether you think Ripple is a real cryptocurrency or not, it’s worth keeping a watch on it in 2020.

10 Best Altcoins for 2020


#4 Exceptional (XLM)

10 Best Altcoins for 2020

Despite the fact that Stellar is just five years old, it has long been at the top of the market cap list. This decentralized and open-source protocol allows users to transfer fiat money rapidly by using bitcoin as a mode of transportation. Stellar is comparable to Ripple in a lot of respects.

The most significant difference between the two is that Ripple prefers to cooperate with major financial institutions and banks, while Stellar prefers to deal with people. However, transferring money across borders is in urgent need of a transformation, and Stellar aims to be the cryptocurrency that brings about that shift.

Another aspect that makes the Stellar project important is its transaction processing speed. This cryptocurrency is one of the quickest currently accessible. Whereas these kinds of transactions may take days or even weeks to execute, Stellar can conduct them in seconds.

Stellar has a relationship with IBM in addition to its potential as an international payment processor. Stellar takes a big step ahead by establishing a relationship with this business. The cryptocurrency now has a position in the worldwide payment sector thanks to IBM.

Furthermore, Stellar has positioned itself to be one of the first cryptocurrencies to achieve widespread acceptance, albeit this may take some time. Before bitcoin use becomes more widespread, governments will almost certainly need to establish laws.

Even yet, Stellar’s collaboration with IBM has enabled them to develop a stronger connection with the Australian government. As a result, it’s possible that Stellar may be accepted by the nation at some time in the future. Not only that, but also establishes Stellar as a genuine cryptocurrency player right away, piqueing the attention of both investors and partners.

10 Best Altcoins for 2020


#5 Token of Basic Attention (BAT)

10 Best Altcoins for 2020

The BAT cryptocurrency was created specifically for digital advertising. BAT tokens are primarily used to facilitate the exchange of content between those who produce it and those who consume it. This makes it a coin to keep an eye on in 2020.

When it comes to digital advertising, BAT aims to offer a platform that allows users to bypass middlemen. This is accomplished by compensating online users for their involvement in the BAT community. Those that produce material essentially have a location where they may share it. Consumers surf the web at the same time and are rewarded with BAT tokens.

The token drives BAT’s Brave browser, which is intended to bring the BAT community together in one location. You’ll notice that the Brave browser can identify and eliminate ads and viruses when you use it. This is done by the browser to ensure that users’ privacy and security are protected when surfing the internet.

BAT plans to release a function that would pay its customers to surf the internet, but it is not yet accessible. You may watch advertisements that are tailored to your preferences and earn BAT tokens in the process.

BAT is a good cryptocurrency since it links content producers with content consumers while also allowing them to earn BAT tokens while surfing. As a consequence, BAT is creating a lot of noise in the crypto world, which is why we’ve included it in our list of the top cryptocurrencies for 2020.


Dash #6 (DASH)

10 Best Altcoins for 2020

Dash may be classified as a schizophrenic altcoin. The currency was formerly known as XCoin when it was first released in 2014. It was renamed DarkCoin shortly after that. Dash, a combination of the terms Digital and Cash, was ultimately given to the digital currency in 2015.

Despite its resemblance to Bitcoin, Dash has a number of benefits over the original cryptocurrency. Dash, on the other hand, is a fork of the Litecoin cryptocurrency and is based on the Bitcoin network. Dash, on the other hand, has faster transaction speeds and greater privacy than Bitcoin.

The sender and recipient public addresses are visible to the whole world and are recorded on the blockchain with Bitcoin. This information is kept private by Dash. This implies that transactions on the Dash network cannot be traced back to their originator. Bitcoin transactions, on the other hand, are straightforward to monitor.

Furthermore, Dash features a self-funding mechanism that puts away 10% of all mining earnings for usage on the Dash platform in the future. These money are mainly utilized to help Dash develop and improve. Dash is a promising cryptocurrency in the crypto market with these unique characteristics and capabilities, and it has the potential for widespread adoption by governments or economies. As a result, it’s an altcoin to keep an eye on in 2020.


#7 Nanotechnology (NANO)

10 Best Altcoins for 2020

Nano is a digital money first and foremost. Nano, like Bitcoin, aspires to be a worldwide currency that has no fees and allows for fast transactions. The sending and receiving of these transactions will be accomplished via a safe and decentralized network, according to this cryptocurrency. Of all, if it’s so close to Bitcoin, why bother with this digital money in the first place?

Everyone who is acquainted with Bitcoin understands that the cryptocurrency’s main goal is to allow sellers and buyers to transact without the need of a middleman such as banks or other financial organizations. The fundamental issue with Bitcoin is that mining it necessitates solving complicated algorithms.

The issue is that as the ledger grows, the mining process grows as well. As a consequence, mining becomes inefficient and slows down significantly. These are the problems that Nano seeks to resolve.

Because Nano’s currencies do not need to be mined, it can address these issues. The Nano coin makes use of a block lattice technology. Nano has created a technique that enables for instance transactions as a result of this procedure. With its block lattice structure, the currency also incurs no fees.

On Nano’s platform, an infinite number of transactions may execute at the same time. This is why so many people are so enthusiastic about Nano. Other cryptocurrencies need miners to agree on each transaction before it can be completed. The send transaction, which deducts money, and the receive transaction, which credits funds, are the only transactions needed when utilizing Nano.

Nano is trying to address a major issue that is preventing cryptocurrencies from becoming popular. The bitcoin business has a number of problems, including high fees, delayed transactions, and scalability. Nano thinks it has the potential to help solve these issues.

Nano is a fantastic choice for altering the way financial transactions are conducted because of its unique technology and capacity to solve global issues. As a result, Nano is a cryptocurrency that we intend to monitor until 2020.

10 Best Altcoins for 2020


Monero (#8) (XMR)

10 Best Altcoins for 2020

Monero may not be as well-known as Bitcoin or Ethereum, but it does have a sizable community and following. This cryptocurrency is well-known in the business and seems to be a promising alternative for 2020.

The anonymity of the Monero platform is well-known. The crypto industry has seen a large number of thefts, hacking incidents, and data breaches, making the need for privacy more important than ever. This is particularly true for those who do financial transactions.

Monero recognizes this and provides a variety of answers to the current state of society’s lack of privacy. This platform is still evolving, and as people recognize the importance of data and online privacy, we shouldn’t be shocked if a huge migration to currencies like Monero occurs.

Monero’s main emphasis is on anonymity, ensuring that both the sender and the receiver’s identities are protected throughout a transaction. While others claim that this is a haven for criminals and hackers, Monero provides a mechanism that allows users to remain anonymous. Some may argue that this is an uncommon occurrence in today’s world.

Monero is on our list of top cryptocurrencies for 2020 because of its appeal to individuals seeking for a method to conduct transactions secretly and anonymously. You are welcome to include it on your list as well.


#9 NEO

10 Best Altcoins for 2020

In the same way that Ethereum focuses on smart contracts, NEO does as well. Unlike Ethereum, which utilizes the Solidity programming language, NEO smart contracts may be written in Java, Python, or any other popular programming language. Additionally, Solidity is not nearly as popular as Python or Java when it comes to programming.

NEO has a sizable following in the crypto world, and it provides two currencies to its users: Gas and NEO. These two currencies are completely unrelated, yet they have the same value on the site. The Gas currency is, in reality, used to pay for the NEO platform costs. On the crypto market, you may buy, sell, or exchange both NEO and Gas.

For the year 2020, NEO is one of the most famous and promising digital currencies. It does, however, face stiff competition in the shape of cryptocurrencies like as EOS, Ethereum, and others. Remember that NEO is building its own Smart Economy, which is expanding slowly but steadily.

NEO is aiming to dethrone Bitcoin’s supremacy in the cryptocurrency industry over the long run. Most exchanges will most likely include this currency as a trading pair, same to how Ethereum and Bitcoin are.

10 Best Altcoins for 2020


ZCash (#10) (ZEC)

10 Best Altcoins for 2020

ZCash is a fantastic choice if you’re searching for a coin that’s still relatively new to the world of cryptocurrencies. This potential newcomer debuted in 2016 and now has 21 million coins in circulation. Payments with ZCash are made on the public blockchain. ZCash, on the other hand, provides anonymity to its users by concealing transaction information.

Because it conceals the identities of both the sender and the receiver on its transactions, ZCash is renowned for its privacy. Unlike other privacy cryptocurrencies, however, ZCash gives users the option of receiving a copy of their blockchain transactions.

This functionality allows ZCash users and businesses to comply with tax and money laundering regulations while maintaining some privacy while utilizing cryptocurrencies. As a consequence, users will know that while transacting on the blockchain, they are following all laws and standards.

This new coin is a rising star in the cryptocurrency industry, with a sizable following and a vibrant community. Users benefit from minimal fees and secret transactions, making ZCash an excellent choice if you require a currency with a high degree of anonymity. These characteristics make the ZCash cryptocurrency a coin we’ll keep an eye on in 2020.


Choosing a Coin to Invest In

10 Best Altcoins for 2020

Image courtesy of Unsplash.com

We’ve gone through our top ten cryptocurrencies for 2020, but how do you choose the best cryptocurrency to invest in? Here are some pointers to help you reduce your to-do list to a reasonable size:

Management

Investigate the project’s development and leadership staff. What is their educational and professional background? How long have they been working in cryptography or a similar field? The management team, much like any other successful business, may influence how well a project performs.

Community

What kind of community support does the initiative receive? Is it well-received or poorly-received in the crypto community? Steemit, YouTube, and Reddit are all excellent sites to search for strong ideas. Examine the size of a project’s community and the extent to which its users are engaged.

Investors

Cryptocurrencies with a lot of buzz aren’t necessarily rip-offs or poor investments. If a currency has a high level of investor trust, its value may rise substantially in the future. However, do your homework since frauds and pump-and-dump schemes are still a reality in the cryptocurrency market.

Transparency

Scams and frauds abound, and many ICOs will vanish before you realize it. Look for cryptocurrencies with a solid reputation in the community and strategies that are clear and unambiguous about their aims and objectives.

Technology

Examine the project’s roadmap. What may we expect in the year 2020? Are there any planned upgrades or releases in the near future? Significant technological advancements may make a project worthwhile to invest in.


Last Thoughts

That concludes our list of the top cryptocurrencies for 2020. Some of our favorite cryptocurrencies to invest in are mentioned below. It’s essential to remember, though, that cryptocurrency is a volatile market. While it’s exciting to think about all of the wonderful profits we might make, there’s also the risk that your assets could lose value.

One of our favorite aspects about cryptocurrencies is the fact that you never know what may happen in the future. Don’t risk more than you’re willing to lose, just like any other investment. That way, if you lose a lot of money, you won’t be up all night worrying about it.

Hopefully, this list will serve as a good starting point for you as you evaluate the top cryptocurrencies for 2020. And who knows what may happen? When someone asks you which cryptocurrencies are worth considering this year, you may be able to offer a fantastic response.

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DISCLAIMER: The activity of the cryptoassets discussed in this paper is uncontrolled. This post is not intended to provide financial advice. Always do independent research.

The best cryptocurrency to invest today is a question that has been asked for years. There are many different coins that have been released and some of them have even gone on to become the most popular coins in the world.

Frequently Asked Questions

What Altcoin should I buy for 2020?

TRON is one of the best cryptocurrencies to buy for 2020.

Which Altcoins have the most potential?

This is a difficult question to answer, as there are so many different types of altcoins out there. Some have a lot of potential and others dont have much at all.

Which Cryptocurrency is best to invest in 2020?

 

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