Five promising tokens to watch out for at the end of 2020

2020 has been quite an eventful year for the cryptocurrency space. From the proliferation of stablecoins to the rise of Decentralized Finance (DeFi), the crypto market has witnessed a lot of action in the last 11 months. To buttress this point, as of January 1, 2020, the total market capitalization of the crypto space was around $192 billion. By the beginning of November 2020, this value had however surged to over $400 billion.

Whilst factors such as financial uncertainty and the global coronavirus pandemic may have contributed to the increased interest for digital assets, there is no denying the fact that the space is slowly moving towards maturity. Large cloud providers like Amazon Web Services (AWS) and Microsoft Azure, are becoming major players in offering Blockchain-as-a-Service products.

But as the year draws to a close, here’s a rundown of five very promising tokens to watch out for.

Level01 (LVX)

Level01 claims to be the “world’s first DeFi platform with AI-guided derivatives trading.” The innovative DeFi platform is licensed by European regulators and has backings from some well-known financial services providers such as Bloomberg.

Level01 has its own AI algorithm known as Fairsense. Fairsense analyzes the risk-to-reward ratio of assets using Bloomberg data. This helps traders to make well-informed decisions.

A recent partnership with AGDelta will also allow Level01 to expand its P2P services to the clientele of the AGDelta, whilst bringing enhanced digital wealth and distribution capabilities to its ecosystem.

I believe Level01’s native token LVX will perform well in the future because for a start, the firm is pioneering a new market by moving away from regular spot trading. Furthermore, the recent launch of Level01’s derivatives trading mobile app is an important milestone. The firm is tapping into the $512 trillion derivatives market and users will be able to explore different markets like Forex, Crypto, and Commodity, on the go.

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