There is no doubt that we are living in one of the most dynamic times in history. The world has never seen events emerging in such plentitude, or changes happening so fast. Cryptos and their tech foundation – blockchain have obviously been developed out of necessity, to provide alternative. The reasons could be facing the inevitable and adjusting our lives to what we call today – the new normal. This is a short look at the cryptos that we liked in 2019 and the popular predictions for 2020. Let us see what are the best performing cryptos in 2020.
The Most Important Aspect of Cryptos in 2019
In 2019 there were several cryptos that deserved our attention. According to the analysis, the biggest achievement of cryptos in 2019 was the fact their wide acceptance “skyrocketed”. This is very important for crypto community. Cryptocurrencies have been impacting our lives for quite some time, making them more convenient and providing people with reasonable impression of having control over things.
Cryptos that did well in 2019 are usually the ones we see dominating in 2020. According to capital.com these include Bitcoin, Bitcoin Cash, Neo. Well, we added ETH to the list for the reasons explained below.
Bitcoin and Bitcoin Cash
Bitcoin and Bitcoin Cash performed well in 2019, according to many indications from various sites and analysts. Consequently, these are also seen as the best performing cryptos in 2020.
- Bitcoin (BTC) was by far the best performing cryptocurrency in 2019. At the beginning of the previous year, its price was app. $3,742. It reached its peak in June 2019, with the price of $12,407. We also need to remember that at the time the 2019 was ending, Bitcoin marked the 95% increase for the entire 2019. This is an amazing result, regardless of its volatility.
- Bitcoin Cash (BCH) also entered the list of the best performing cryptocurrencies in 2019, due to the fact that it had 55% increase in 2019. At the beginning of the year, its price was app. $135. It reached its peak also in June with the price of $480, and then fell to app. $233 at the end of 2019.
Ethereum
Ethereum (ETH) is the crypto we added to this list for the pure fact that it provides the most reliable background in the form of its blockchain network. Speaking of cryptos we can not overlook the fact that apart from their price, the underlying technology plays a major role. Ether has the most popular blockchain there is.
Namely, its network reportedly provides the best support to multitude of applications. As a result, the companies and investors are drawn to it. Therefore, we are witnessing the increasing number of companies using Ethereum-based solutions. What this should do for the price of ETH in the long run is irreplaceable. However, we are still to see its full potential.
What Will Happen During 2020?
The predictions for 2020 vary slightly, depending on who you talk to. Although, one thing is for sure. The best performing cryptos in 2020 are the ones that have wide community support that impacts their reliability. Majority of crypto enthusiast are confident that cryptos will rule in 2020. Not only that this should be their year, but they would accelerate and should reach their full power and potential in the following 5-10 years. This is just the beginning, as they say.
One thing many agree on is that 2020 is an important year for Bitcoin. We are very close to BTC halving and we are eagerly expecting to see how this event will influence the price of BTC afterwards.
Bitcoin’s Adoption
There have been some events that impacted Bitcoin’s wider adoption. There are indications that such events would continue in 2020. We are referring to co-operations between companies using cryptos in any way. This way, crypto is entering mainstream and opening the door to a wider use.
As a quick reminder, some of the biggest players out there, such as Amazon, Visa, Airbnb, Nike, Starbucks, Uber, etc. have adopted cryptos in their business processes.
On the other hand, wide application of blockchain has already proved to be successful. Walmart, Maersk, UPS, Alibaba, FedEx, British Airways are just some of the companies using blockchain in their supply chain management. You can check the list of companies here.
Cryptos and Gaming
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