What are some of the best cryptocurrencies with huge potential
Mar 31, 2020 17:12
2019 was a great year for cryptocurrencies and 2020 is expected to be even bigger and important for the industry’s growth and regulation. Better regulation combined with positive political and economic events are expected to create ideal conditions for increase in crypto prices.
Picking cryptocurrencies having the best potential is key to getting the best returns. It should be done with lot of care and analysis since few of cryptocurrencies may also see a demise.
In this article, we will suggest cryptocurrencies that are expected to see good growth in 2020 based on current trends and expected events:
1. Bitcoin (BTC)
Bitcoin has done remarkably well in the last decade and is the market leader in terms of market cap. In June 2020, bitcoin halving is expected to take place and since the crypto market is linked to bitcoin, the increase in price of Bitcoin will result in the price increases of entire cryptocurrency market. You can easily buy btc with credit card online.
2. Ethereum (ETH)
Ethereum is the second most popular crypto after Bitcoin. Now it is undergoing the process to migrate to Ethereum 2.0, a more stable platform and Proof-of-Stake. These developments are expected to come with increase in price of Ether.
At present there are number of blockchain projects and capitalized cryptos that depend on the Ethereum blockchain to operate. The dependency of decentralized finance on the Ethereum blockchain makes Ether a high potential crypto.
3. Basic Attention Token (BAT)
Brave Browser was quite successful in 2019 with traffic hitting 10 million active users per month. The browser is powered by Basic Attention Token (BAT) and is expected to grow in 2020. In addition to that, BAT is being used to reward content publishers on popular platforms like Reddit, YouTube and Twitter.
4. Nexo (NEXO)
It is an instant crypto credit line platform through which users can deposit crypto in their Nexo account and get a line of credit in fiat currency. It can all be done without the need for any verification. The Nexo platform allows users to spend their money via credit or bank account in a seamless manner.
5. Binance Coin (BNB)
It is the crypto that makes trades on the Binance platform possible. It is amongst the most successful cryptocurrency of the year 2019. As more and more customers are using the services of Binance, it will result in growth of Binance Coin.
6. Enjin Coin (ENJ)
The video game industry is booming and not expected to slow down. The largest online gaming community called Enjin has more than 20 million users. The Enjin Coin is used within the Enjin’s gaming communities. It is a crypto with great potential as gamers will spend more time online playing and buying virtual stuff.
Why Coinswitch is the best option to trade
Few criteria that you should analyze when selecting a trading platform are:
a) Best exchange rates
b) Multi-coin support
c) Minimal or no transaction fees
d) Seamless interface
e) Minimal transaction time
f) Abundant knowledge resources
Keeping all this in mind, Coinswitch comes out as the best eth btc or any other crypto converter.
CoinSwitch supports more than 300 cryptos, which includes the most popular ones and the latest alt coins. There is an opportunity to trade freely among 45000 pairs.
There is no fees to withdraw your coins and the trading fees is minimal. Coinswitch is an aggregator and provides real-time price charts and exchange rates from all across the world.
And with best in class user interface and 24/7 dedicated support, it becomes the No.1 choice of users.
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