Top Altcoins To Watch Out For In 2020
Altcoins are Bitcoin-like virtual asset. The term is said to stand for “Bitcoin substitute” and is used to describe any non-Bitcoin cryptocurrency.
Many investors who know we are deeply engaged in cryptocurrency space are always asking me: “What are the next best altcoin to buy?”
Any investment requires due diligence, but it’s not always easy to analyze a venture. Crypto investors need to assess projects based on the core basics available, such as the team, target market, and progress being made.
The environment in cryptocurrency is constantly changing, so we must always keep our eyes and ears open. Hopefully, this article will help you construct a long-term success portfolio.
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Here is a list of the top Six altcoins recommendations according to Ejcrypto
Zil (Zilliqa)
Zilliqa is a public blockchain network, powered by a native Zilling token (ZIL), created to solve issues pertaining to scalability, and scaling to thousands of transactions per second
The Zilliqa group plans to release its own programming language, the first edition of Smart Contract Intermediate-Level Language (Scilla), which was mainly intended to improve the security of smart contracts. Because it is an intermediate-level language, with no difficulty in implementing it as its simple and interactive language.
It could hide being enlisted in the world’s major exchanges by 2020. By the end of 2020, ZIL can step up to $0.776, which is going to be a major step for ZIL.
XRP (Ripple Coin)
Ripple recently announced that it had acquired $30 million of MoneyGram stock at $4.10 per share, along with purchasing $20 million worth of shares over the next two years.
With a whopping price rise, the price of the XRP (Ripple coin) has seen unprecedented growth in the last year. Based on its consensus process, more and more payment providers are getting on board. Ripple protocol improves overall transparency by validating account balances and transactions that block malicious entries automatically.
Ripple has entered into strategic partnerships with over 150 banks worldwide over the past five years in an effort to bring its unique platform to global financial markets. The objective of these partnerships is to enable large-scale instant or near-instant transactions at a very low cost.
XLM (Stellar)
XLM is planning to take over the global money transfer market, replacing SWIFT, which currently handles more than $5 trillion in daily transactions.
It is also possible to use the Stellar Lumens blockchain to build decentralized apps (dapps) and deploy smart contracts with lower transaction costs and higher transfer speeds than the current Ethereum chief.
BAT Basic Attention Token
Basic Attention Token is a token used in the Brave Browser most commonly. The BAT token is used to tip developers of content and virtually anyone on the internet whom you find helpful. You can tip content creators on a monthly basis and give one-time payments to specific individuals.
Built by seasoned IT and blockchain pros on the Ethereum blockchain, Brave aims to eliminate the middleman for online advertising and improve marketing productivity for both marketers and customers.
BAT is the semi-decentralized browser’s native token. The platform is scalable, flexible, and solves a problem the advertising industry couldn’t do with $100 billion. By valuing privacy and quality over data and dollars, they accomplished this.
The Brave team released Brave Advertising Roadmap, which has been introduced in 2019 to see consumer advertising and publisher-integrated advertising. That is, consumers, advertisers, and the Brave app will get their share of the fee from the advertiser. Implementing this function may be the main catalyst for the project’s subsequent development.
Chainlink (LINK)
ChainLink (LINK) is a distributed cryptocurrency open-source. Chainlink technology is based on the code that helps connect smart contracts in different networks to external resources. For Bitcoin and Ethereum, this is supported by secure oracles.
Recently, Binance, the world’s largest exchange, added 4 chainlink pairs to its list of coin-pair sponsored, and that is a huge boost for the LINK group in itself.
Because of its successes and innovations, Chainlink can grow up to be the champion in the crypto space in 5 years.
Ejcrypto has written extensively on the above Altcoins and I will advise you to visit their website to learn more.
Read More: Altcoin: Everything You Need To Know
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This content is not financial advice, nor should it be seen as a recommendation for buying or selling any of the altcoins mentioned in this post.
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