It is the first quarter of New Year 2020, and we can already see the rising trends of different cryptocurrencies in the blockchain industry. 2020 is going to be the year which is set to change the picture from bearish to bullish. Historically, people use to watch the stock market trends in terms of wealth creation, but now the focus has shifted to top long term cryptocurrencies. Like the previous year’s report, Bitcoin has once again topped the list of the world's most valuable and popular virtual coin by market cap. Though Bitcoin faced major fluctuations in 2018, it is still the most accepted crypto coin and the most-traded virtual currency by merchants and investors.
Keeping Bitcoin as an exception that always is on the top, let’s explore the following list of the best long-term cryptocurrency investment 2020:
Bitcoin celebrated its 10th birthday on 3rd Jan 2020 and ranked up on our list of top 12 cryptocurrencies for long-term investment in 2020. We are not alone who predict 2020 will be the year for Bitcoin. John McAfee, a well-known face in the crypto industry and founder of the popular antivirus software, McAfee is very positive about Bitcoin. He predicted that Bitcoin would hit $1 million by 2020. If we look at the coin’s potential, recent news breaking the headlines that Bitcoin trading volumes hit record highs in Venezuela. Also, the NASDAQ stock exchange will add BTC index to its trading services. Bitcoin has been showing a positive trend and has touched $9000 a couple of days back, and now has fallen back to around $7800. Bitcoin is trading at $7866.99 with a market capitalization of 130 billion USD and a circulating supply of 17,743, 737 BTC. As Bitcoin halving is a year away, the market enthusiasts are predicting a very high surge for Bitcoin price post the halving, which has been the trend for the past halving processes.
After Bitcoin, Ethereum is the second-largest cryptocurrency and one of the best long-term altcoins that are potent and promising. Many big blockchain companies are investing in ethereum. Founded in 2017, the Enterprise Ethereum Alliance has over 200 organizations that are testing out a version of Ethereum's blockchain in varied industries. And, Ethereum is the credit holder as it is based on a blockchain technology that can transcend currency-only applications. It is a popular choice among enterprise clients as it can integrate smart contract protocols into its blockchain. Ethereum has been showing high signs of volatility and is almost touching $300 mark, which it might reach by June end, or maybe before that. Currently, Ethereum is trading at $247.31 with an increase of 0.37% in the past 24 hours. Ethereum is having a circulating supply of 106,376,346 ETH and a market capitalization of $26,307, 580,992.
Binance Coin [BNB] is the official coin of the Binance marketplace where the trading of cryptocurrencies (excluding fiat currencies) takes place. An investor not only benefits from an increase in trading volume, but even transaction fees on Binance which are paid in BNB as opposed to bitcoin receive a big discount of up to 50 percent in the year of use. Binance is soon launching its decentralized exchange, Binance DEX, for public testing. Binance DEX would be available on all platforms, including Windows, Linux, Mac OS, iOS and Android. BNB has seen an upsurge after its mainnet got released and it has been more or less stable as compared to other cryptos. In the month of May itself, it has jumped from 1around $19 on May 9th, 2020 to around $35 on May 25th, 2020 which was the highest for that month. BNB is now trading at 31.92 USD with an increase of around 6% in the last 24 hours and has a market capitalization of 4 billion USD and a circulating supply of 141,175,490.
Like Ethereum, XLM's blockchain is its major selling point. With the integration of smart contract protocols, Stellar is in high demand not only by financial service companies but also by big corporations. After partnering with IBM and KlickEx, it has been scaling its blockchain to new regions. Many banks have deployed Stellar's blockchain technology to handle the multiple currency payments received from IBM's customers. Stellar Lumens also had a stable month with not so much of volatility seen in its price. May month has seen it hovering somewhere between $0.10 to $0.13. The highest it reached was on May 19th when it touched $0.14. XLM has partnered with IBM and Deloitte, which might help it surge upwards. Currently, XLM is trading at $0.123021 with a decrease of around 1.20% in the past 24 hours, with a market capitalization of $2,378,213,121 and a circulating supply of 19.331,689,641 XLM.
Ripple is not far behind in the war of best long-term cryptocurrency investment 2020. It is becoming the hot choice for the go-to blockchain for banking and financial institutions. Thanks to its XRP – the Ripple's coin that can be used as an intermediary in the future for quick transaction-processing times and cross-border partnerships. For instance, if you are making a payment in Japanese yen and need to send the payment to the U.K., then Ripple's blockchain could instantly convert yen into XRP, and then XRP into pounds. Now, any non-card payments made via American Express's FX International Payment network to a U.K. Santander account are being routed through Ripple's blockchain and process instantly. XRP has performed not bad in May, as it has touched $0.456 in the initial days in May. XRP is now trading at $0.405946 with a circulating supply of 42,181,995,112 and a market capitalization of around 17 billion USD.
NEM and its coin XEM is another top performer in the cryptocurrency watchlist. Be it retail or enterprise, NEM not just focuses on enterprise clients. Its core objective has been peer-to-peer payments and transfers. Based in Singapore, NEM Foundation has already collaborated with government institution - the Malaysia Digital Economy Corporation (MDEC) to handle digital infrastructure, security, and technology-related laws advisement in Malaysia.
Popularly known as ‘Bitcoin-Lite,’ Litecoin is an interesting yet one of the best long-term altcoins to invest in. After being from Bitcoin in 2011, Litecoin is all set to become the next peer-to-peer payment facilitator. With the faster block-processing rate that keeps miners intrigued, this crypto coin has a more decentralized proof-of-work algorithm than Bitcoin. It has further implemented the SegWit (Segregated Witness) upgrade to its blockchain which helps to increase blockchain capacity while decreasing transaction settlement times and fees. On Jan 28, the founder of Litecoin [LTC], Charlie Lee announced via his Twitter handle that he is focusing to make Litecoin more fungible by implementing confidential transactions.
Komodo is relatively new to hold the position in the list of best long-term cryptocurrency 2020. With Komodo's blockchain platform, one has an option to choose between transparent anonymous transactions, with the technology being used to mystify the source of those transactions evolving from what cryptocurrency. This privacy based cryptocurrency is basically a crowdfunding platform and a fuel for language-agnostic smart contract technology. Komodo has partnered with AWS to demonstrate 1 Million transactions per second processing capability.
Monero is a virtual currency that beef up protocols designed to protect the privacy and anonymity of a sender and receiver of coins. And the credit goes to its use of ring signatures by its protocol known as CryptoNote. Ring signatures can act like a group of signers in a joint bank account, but in Monero, the actual signer remains unknown; thus privacy assured. Moreover, a stealth address (a one-time spend key similar to OTP), is generated by a sender of XMR - theMonero's coin, which allows the recipient of those funds being able to detect and spend those funds.
Verge has been rising higher to be the best long-term cryptocurrency 2020. In the recent privacy coin craze where the transactions are untraceable, Verge is gaining popularity in this list. The Key feature for Verge is its use of multiple anonymity-centric networks like I2P and Tor to obscure users' IP addresses. Verge offers quick transaction settlement times over its blockchain. It also provides multiple secure mobile wallets, including the Tor Android Wallet for mobile anonymity. Verge (XVG) Holders can now earn rewards as NetCents has partnered with ZOMONGO. The digital network of ZOMONGO includes in more than 90,000 ZOMONGO merchant locations, 3.5 million hotel rooms, and 22 major airports
Looking at the performance of these cryptocurrencies, Tron portrayed an example of how a digital currency ought to become bullish. Regardless of the bearish market, TRX had experienced a surge in its price, and since it’s low in mid-December of 2018, Tron has multiplied in price. It holds the 8th spot on coinmarketcap with current market-cap of $1,608,694,802 USD. Tron is ahead in charity too. According to recent news, the TRON foundation has donated $250,000 to the #VoiceYourLove awareness campaign arranged by ALS Association that aims to discover new treatments and medications for amyotrophic lateral sclerosis (ALS) patients.
Regardless of the fact that crypto market is still a long way from the heights that it could accomplish, Pundi X (NPXS) is one of those coins that is slowly and steadily gaining popularity.
Pundi X (NPXS) desires to make the way toward making digital forms of money accessible to more individuals. Pundi X [NPXS] changed the retail business with its blockchain-based POS (point of sale) solution. It enables the business to purchase, sell, and acknowledge all payment methods including digital currency. PundiX got the spotlight in the Q4 of 2018 when it launched the world's first blockchain-based cell phone XPhone that uses the company’s exclusive operating system, Function X.
After going through the above list of top long-term cryptocurrencies, you might be confused regarding which cryptocurrency can potentially provide you 100x returns. Before investing in any of the above digital currencies, it is better to do your homework - research the cryptocurrency, blockchain, and development team behind it.
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