So far, 2020 has generally been a good year for the cryptocurrency market. Despite so much high volatility, Bitcoin (BTC) went from below $4k to more than $11k and currently trades around $9.3k. Despite the bearish trend of altcoins since late 2019, some coins still possess a very good potential for making quick and long-term ROI. Do not pay attention only to the current rate of cryptocurrencies because this index is the most volatile and may change drastically within a few weeks. Cryptocurrency is a potentially great digital asset for investment. Some cryptocurrencies have better options for investment in 2020 and it’s very important that you seek out these hidden gems if you want to make some good gains on your cryptocurrency investments.
Do you want to know which altcoins are worth investing your money in the next 12 months? Read the following recommendations.
5. COTI
COTI is the world’s first blockchain protocol optimized for decentralized payments, designed for use by merchants, governments, payment dApps and stable coin issuers. COTI provides all the necessary elements for a perfect payment infrastructure ranging from scalability, simplicity to security and many more. COTI can process over 100,000 TPS, compared to 25,000 TPS in traditional payment systems and up to 20 TPS in common blockchain protocols which makes COTI the go-to payment processor. COTI’s platform enables companies to effortlessly create advanced fintech products and save time, data, and money Recently, COTI launched their payment system, COTI Pay, which already boasts a network of 5,000 merchants and 80,000 users. COTI Pay can process all payment types, both online and offline, including crypto and stable coins, credit cards and even a merchant’s native coin. It also has built-in financing with interest earned on deposits and business loans. For me, COTI is an asset everybody must strive to have in their portfolio because they’ve consistently been delivering on their promises and their staking program is one of the best around and the best is yet to come from this massive blockchain project. For more info on COTI please visit their website below:
4. OneLedger
OneLedger is a universal blockchain protocol enabling cross-ledger access through business modularization. Basically, OneLedger is looking to help business enterprises easily leverage blockchain solutions by providing them with business modules which allows them to extend their markets through decentralized technologies. One of the pain points that blockchain developers are still grappling with is the issue of interoperability and OneLedger aims to provide a platform which is truly a universal protocol where different chains can interact with each other through the sidechains. OneLedger takes a fundamentally different approach by taking into consideration the needs of the enterprises and then building a protocol that allows these enterprises to seamlessly leverage blockchain technology in order to increase efficiency in their businesses. So enterprise needs are what informs the building of the architecture behind the OneLeger cross-ledger protocol. OneLedger recently launched the domain name service which helps people to transfer funds using a simple domain name instead of the long alphanumeric figures which is impossible to memorize, the team also launched the OL Pay which is the OneLedger payment service which helps organizations accepts payments in cryptocurrencies. This payment system is being used by charity organizations such as Project Give Back, Pathways to Eduaction. The project is truly undervalued at the moment but the future looks bright.
For more info on OneLedger, please visit the website below:
3. Basic Attention Token
Basic Attention Token is another awesome token with a real use case commonly utilized in the Brave Browser. Basic Attention Token was founded by Brendan Eich, the creator of the JavaScript Programming Language. The BAT token is used to tip content creators, or virtually anyone that you find helpful on the internet. You can tip content creators monthly, or choose to send one time payments to specific people. Additionally, users who watch ads can get rewarded in BAT. Using smart contracts, advertisers can lock up BAT, and as their ad is viewed, their funds are released to both the Brave Browser and the end viewer. Basic Attention Token is already positioned for mass adoption through its complimentary product, Brave Browser with 5.5 million active monthly users. By addressing a real problem, an open Web with an innovative advertising model, BAT is definitely a crypto to watch out in 2020. This give increased confidence that Basic Attention Token can reach mass adoption, thus increasing its demand, its use and in turn its value.
For more info on Basic Attention Token, please check the website below:
https://basicattentiontoken.org/
2. Sharder
Sharder is a multichain storage and validation network. Sharder protocol can be deployed across multiple public blockchains providing them with an advanced data storage solution. Sharder can also provide other blockchains with storage, validation, and authentication service for projects with a viable validation service. Data is an important aspect of every business and organization. So many times, centralized data storage comes with many problems such as data breach and abuse. The current set up provides an avenue for user’s information abused and tampered with. Sharder aims to reverse this unhealthy situation by providing a decentralized data storage and validation ecosystem that allows users to take back control of their data. Unlike traditional data storage solutions, Sharder ensures that no third party has access to your data. Data on Sharder protocol are encrypted before being uploaded to the network; the encrypted data is then split into small fragments known as shards. Data shards then get distributed to secure nodes on the network and backups are kept on different nodes to ensure data are secured and readily available upon request. Sharder is less known in the blockchain community at the moment but this is one of the most exciting blockchain projects with real use case that will lay the foundation for decentralized data storage and validation. This is a rare gem that will start getting so much attention in the coming months.
For more info on Sharder, please check their website below:
- ChainLink
I don’t think ChainLink needs any introduction, this is a project that has consistently been delivering more than what it promises and the price over the last couple of months shows the sentiment. ChainLink is a blockchain product designed to solve very important problems with smart contracts connectivity across multiple data resource centers with an aim to enhance their usability. A simple way to describe ChainLink platform would be to consider it a network hub through which other closed off data centers containing important informational structures needed by smart contracts from other systems can be connected to interact with each other. For example, data from stock prices and other payment gateways financial systems including banks and the capital market. So, we could say at first glance that any project with a view at creating something handy using smart contracts has a viable market insight and would become more valuable down the adoption stages of the whole enterprise. The problems identified by this project indeed are real and have real-world applications which will gain value proportionate to time. This is because they are attempting to create a unique bridge between already established cryptocurrency payment networks with other digitally linked financial and output data sources, which will invariably enhance the features of programmable codes. Recently, China’s Blockchain Service Network, made up of some of the leading technology companies, is integrating Chainlink’s data oracles. Investing in Chainlink is a no brainer even at these levels because this project looks super bullish and this just seems to be the start.
For more info on ChainLink, please visit the website below:
Investing in good blockchain projects with real use case is a better decision than just investing and chasing pumps. Crypto investment is risky but when you invest in good projects, you can minimize this risk and currently I believe the above will bring some nice gains in the very near future as they have so much promises and use cases that businesses and enterprises can leverage.