If you want to be a successful cryptocurrency investor, you need to understand what firms are changing the market. This year saw major advancements in both the technical and legal aspects of the industry. These changes played a vital role in determining who received their due credit. Here are the top 7 cryptocurrencies set to the moon in 2020:
Apollo is a multi-level blockchain that catapults the crypto sector into the 22cd century. This unique project incorporates next-level technologies to provide investors with a secure and stable option. Best of all, Apollo features a robust ecosystem designed with expansion in mind.
For example, the developers of the Apollo blockchain looked far into the future when creating this platform. This foresight becomes evident when you look at the high level of security within the platform. Currently, Apollo is the only quantum-resistant blockchain in the world.
Another awesome feature found in the Apollo ecosystem is Dapp programmability. Apollo creates an easy to follow backend process that enables developers to create new and exciting products in less time. Best of all, the platform utilizes a proprietary sharding protocol to provide Dapp developers with unlimited storage capabilities.
Apollo is known as the most futuristic blockchain in the sector. The platform was the first blockchain to add true quantum resistance to its protocols. Additionally, the platform can host ICOs, Atomic Swaps, and much more. You can find Apollo on the BitMart exchange.
GSX comes in a close second because it shares the advanced technical aspects of Apollo due to the fact the coin resides on the Apollo blockchain. GSX is another token that has raised the bar in the sector. As the world’s only true quantum-resistant stable coin, GSX is a pioneer in the market.
The GSX coin derives its value from large gold mining operations. The coin itself is pegged directly to these operations. Interestingly, developers chose to peg the coin, not just to the actual physical gold, but to include the entire assets of the mining operation. In this way, investors gain more value.
GSX holders receive yearly dividends for their investment. Best of all, these dividends are set to rise in value due to the rising value of gold, and the real estate in which the mine sits on. This means that GSX investors can look forward to healthy ROIs for years ahead.
Currently, GSX is exclusively available at GSXCDE.com. GSX investors can earn some significant discounts when they purchase the coin in pre-sale. Currently, the firm offers up to 50% off GSX tokens.
BAT (Basic Attention Token)
BAT serves as the utility token for the Brave browser. Brave is a next-generation browser that introduces privacy protocols directly into the platform. The goal of the browser was to allow users to take back control of their digital identities. The platform features built-in ad blockers and data leakage prevention mechanisms.
The BAT token is paid to users for opting into ads. Additionally, users can then choose to tip content providers that consistently issue quality information. Best of all, this strategy takes the focus from marketing and places it back on quality content creation. Advertisers pay users directly instead of paying a search engine like Google.
NEO is the only cryptocurrency backed by the Chinese Government. This backing earned this crypto the nickname “Chinese Ethereum.” Recently, Chinese officials announced the pilot testing of a central bank digital currency within the region. This news also helped to spur investment in NEO.
NEO is a third-generation Dapp development platform. The protocol enables developers to quickly and easily create decentralized programs that operate within the NEO ecosystem. Additionally, users earn passive income from staking NEO. Staking helps keep the blockchain secure and ensures that only valid data gets added to the blockchain.
Ethereum continues to make headlines globally for its forward-looking stance and overall position in the market. Currently, Ethereum is the largest token issuer in the world. There are over 180,000 ERC-20 tokens floating around the market today. Considering that Ethereum consistently updates its programming language to simplify the process, it’s safe to bet these numbers will increase over the coming months.
Ethereum has been in the news as of late due to a major upgrade. The hard fork dubbed Ethereum 2.0 will take the platform from a Proof-of-Work consensus algorithm over to a Proof-of-Stake. The later is far more energy-efficient and provides users with more incentive to store their tokens in native wallets.
DigiByte is a fourth-generation cryptocurrency that combines many of the most impressive features in the market to produce a truly advanced development platform. DigiByte is one of the safest, fastest, longest, and most decentralized UTXO blockchain in existence. The history of this unique protocol begins in late 2013 and has progressed impressively ever since.
Today, DigiByte is one of the top 20 cryptocurrencies in the market. The platform earned this position through a variety of new technologies. For example, DigiByte fights mining centralization via the Odocrypt protocol. This next-generation coding alters the consensus mechanisms algorithm every 10 days. This maneuver eliminates miner’s capabilities to utilize ASIC rigs. In turn, anyone can mine DigiByte.
TRON is one of the most vocal communities in the sector. The company’s CEO, Justin Sun is constantly in the news for his forward-looking stances. TRON has made significant strides in both its technical development and its ecosystem. Importantly, TRON was designed to help usher in the decentralized internet age.
Notably, the firm’s CEO was a direct apprentice of Alibaba’s Jack Ma. Today, TRON has numerous high-level partnerships in the market and the firm continually updates its coding to remain relevant. Additionally, TRON remains in the top 15 cryptocurrencies globally based on market capitalization.
Top 7 Cryptocurrencies Set to Moon in 2020
While nobody can predict the market’s movements with 100% accuracy, it’s important to understand that you can better your chances when you stick to reputable platforms. The platforms listed in this review have demonstrated their value to the market. Each of these projects is sure to see further expansion as the end of the year approaches. For now, there is a chance to seize some healthy returns.