Top 5 Altcoins to Watch for in 2020
Disclaimer: the following information can’t be considered as investment advice. Superorder team just shares its thoughts on the crypto ecosystem. Always do your own research before buying/selling coins.
As 2020 approaches, investors and traders think about new opportunities more often. Despite the continuous nature of crypto markets, year changes also matter for them. That’s why we decided to create this guide with five the most interesting altcoins for 2020. We don’t have any guarantees that these or other currencies will survive even the next day but they look like one of the most promising investment options right now.
Choosing the Best Altcoins
Our methodology isn’t different from the algorithms of professional funds. We try to consider all factors with the main focus on core ones. There are three major conditions that help us to choose top coins for the upcoming year:
- Demand. That’s the main point. It identifies the best projects that are interesting for customers. There may be different reasons but good altcoins have good chances to build a giant audience, as a rule.
- Price. Affordability is important, too. On the one hand, many new investors start trading with small sums so cheap tokens are suitable for them. On the other hand, it’s about psychology as we love to hold large amounts of assets.
- Utility. It intersects with the first one, partially. Projects with high usability and real benefits for participants often feature high liquidity and boost demand. Today, investors should look for such coins only, in our opinion.
Based on these factors, we’ve chosen five prospective cryptocurrencies that may skyrocket or change the market in 2020.
1. BAT
Basic Attention Token or BAT ($0.2348) aims at revolutionizing the advertising industry. Developers are building the decentralized ecosystem that unites users, publishers, and advertisers. Compared to traditional ad networks, all three parties get relevant results and profits. For instance, users are paid for viewing ads and they can see only the offers that match their interests. Publishers get revenue percentage from each ad. And companies end up with higher ROI because users don’t block irrelevant spammy ads.
Why get it in 2020: the main BAT tool — a next-gen browser Brave — is on the rise as it breaks records and attracts more and more users.
2. BTT
BitTorrent is the most popular torrent and sharing platform in the world. It also has a native token called BTT ($0.0005). The currency was designed to help the users to interact seamlessly. It’s pretty similar to the goals of BAT but focused on content creation and sharing. With BTT, authors can deliver their content to consumers directly, without intermediaries. Both parties can earn and spend tokens. What’s more important, the project now has huge support.
Why get in 2020: BTT has partnered with another altcoin — TRON. By connecting its blockchain with BitTorrent’s P2P system, devs hope to reach new heights.
3. IOTX
Internet of Things attracts dozens of players today. While the most popular is IOTA, there’s another company called IoTeX with its native token IOTX ($0.0045). This blockchain also focuses on services for IoT systems and devices. It utilizes root methods with different sidechains that can connect IoT gadgets based on their features. Unlike DAG-based IOTA, IOTX relies on the so-called Roll-DPoS with advanced staking. It also delivers high security with different algorithms used.
Why get in 2020: IOTX plans to launch its global-access mainnet in Q1 2020. We will see how it can compete with IOTA then.
4. OMG
This token is pretty unique as it was issued by a real company with central governance and own interests. However, it also has a pretty targeted audience. OmiseGo or OMG ($0.9907) is located in Asia. It wants to provide convenient financial services to the underbanked population in this region and around the globe. For this, the team develops solutions that help users without bank access to store, send, receive, and pay in different currencies, including crypto. Just like BTC but for Asia.
Why get in 2020: the team works hard and posts regular updates. Considering the high popularity of crypto, Asian customers may lead the game.
5. THETA
Gaming tokens represent a huge category of cryptocurrencies. Gamers are ready to pay, they are curious, and they already know a lot about digital economics. THETA ($0.0945) focuses on decentralized video sharing and streaming with tokens paid for bandwidth. Streamers can earn tokens while users can get access to high-quality content. With the growing popularity of streaming services, the combination of these ideas with cryptocurrencies can boom in 2020.
Why get in 2020: THETA establishes new partnerships while its main platforms called SLIVER.tv exceeds 1 million users.
More Traditional Options
Apart from the aforementioned cryptocurrencies, there are a few altcoins that are here to stay. They have large customer bases, long history, and great usability. If the next currencies aren’t in your portfolio, add them as soon as possible. They have good chances to grow and boost your portfolio’s value.
Of course, it’s barely possible to list all the promising coins in one guide. Our lists aren’t exhaustive so you as a trader should analyze offerings on your own, too. For this, technical analysis through comprehensive charts is a good solution. One of the best graphs can be found on TradingView. And don’t forget that you can trade from these charts directly using Superorder-based Chrome extension! Enjoy and earn with us.
