Abstract: 4 cryptocurrencies worth watching in 2020
Now, the total number of cryptocurrencies running in the entire cryptocurrency market is not less than one thousand, and many cryptocurrencies are rising every minute.
Since the advent of the first Crypto currency, there have been more than 10 years of history. Some cryptocurrencies have failed to make them lose their potential because of hype. Even the development of some cryptocurrencies surprised us. In this article, we will list the top 4 cryptocurrencies that are best noted at the beginning of the new decade.
We will introduce the development, performance and reliability of these cryptocurrencies. Although 2018 in general is a terrible year for the cryptocurrency sector, especially immediately after the highs of 2017, even though it is not surprising compared to the development of cryptocurrency in the past 10 years, the overall It’s still a relief to say 2019.
In any case, so many dramatic events occurred in the first month of 2020 alone, and it seems that more unexpected things will happen this year.
Bitcoin (BTC)
Bitcoin has been the best performing cryptocurrency in this field for ten consecutive years, and even in 2020 no other cryptocurrency seems to be close to this number.
Since its creation in 2009, the leading Crypto currency has surpassed the value of some stocks in a short period of time, and unless there is a surprisingly bearish year, it is making good progress in terms of earnings. After peaking at $ 20,000 in 2017, the cryptocurrency plunged to an incredible low the following year.
BTC started with low liquidity and low expectations in 2019, opened at $ 3,717, and closed at a price slightly higher than $ 4,000 at the end of the month. It fell again below $ 3,500 in February and closed at only $ 3,784.
In the weak atmosphere and market value, Bitcoin reached the second quarter, but on June 10 in the second quarter, Bitcoin reached a new high of $ 12,575. It took only one quarter to break in the past 12 months. record of.
The price of BTC was as low as US $ 7944 at the beginning of the third quarter of 2019, and steadily rose to above US $ 9000 in the third quarter, only falling sharply in December.
However, due to the steady rise of the cryptocurrency market, bitcoin has not changed much in the past 30 days, but in 2020 bitcoin began to rise moderately. If any currency attracts our attention, bitcoin should be on the list.
Ethereum (ETH)
Ethereum has always been the closest cryptocurrency among Bitcoin competitors and was founded in 2015 by the excellent Vitalik Buterin and his team. Over the years, this cryptocurrency and its powerful blockchain platform have been increasing.
Although the cryptocurrency itself can be regarded as a competitor, it is very different from Bitcoin. The blockchain that serves thousands of companies and developers around the world is a completely different community.
Ethereum is a decentralized software platform that makes smart contracts and decentralized applications (DApps) more mainstream, introducing alternative solutions for fraud control and encryption protocols.
Ethereum fell by more than 90% in 2017 at a record high in 2017. However, the development of the project has been stable and closed at a high point after the first quarter of 2019. It started at a price of $ 142 in the second quarter. The second quarter is the best quarter of the year, just like Bitcoin. There is some correlation between the two currencies.
The performance of Ethereum and other cryptocurrencies are all related to Bitcoin, and it does not seem to end in 2020. However, we can be satisfied with Ethereum’s booming blockchain platform and excellent market valuation, which is enough to prove that cryptocurrencies will exist.
Binance Coin (BNB)
Binance Coin was created and issued by Binance Exchange in 2017, and even within a short period of its existence, its stock and potential are increasing. Of course, its rapid growth is closely related to its size and influence as one of the world’s largest exchanges.
BNB is an ERC20 token issued on the Ethereum blockchain. BNB achieved overall success in 2019, but it is still in a relatively low position by the end of the year. After rising at a weak US $ 5.93 in early 2019, it rose steadily to a record high of 2019 at US $ 38.48 in the second quarter of June. But at the end of 2019, BNB closed at a price slightly higher than $ 19.
TEDA (USDT)
With more than 4 billion USDT circulating in the cryptocurrency market, other stablecoins are even difficult to compete. Tether is also the only stablecoin on the list. It is a Crypto currency based on the most commonly used fiat currency, the US dollar. Especially since its launch in 2018, the stablecoin has been controversial, but it keeps breaking records. Although it appears later than other tokens, it still dominates other stablecoins on the market.
Tether is sometimes referred to as “the central bank of cryptocurrencies.” Its market value is impressive and continues to grow. It currently exceeds 4.6 billion US dollars, so please pay close attention to its development in 2020.