There has been no greater incubator of innovation, speculation and GAINS than the cryptocurrency market. Although the market is infamous for its volatility, it has equally been renowned as a place where investors have made life-changing fortunes in short periods of time. Bitcoin and Ethereum are leading the charge, but what is the next big thing for crypto investors? However, there are thousands of coins to choose from — so finding the next cryptocurrency that will take off in 2020 can be like looking for a needle in a haystack.
In this article, we will explore some of the most promising cryptocurrencies to consider investing in that could help experience explosive growth in times ahead based on technology development, market trends and adoption.
Solutions on the Rise.
The scalability of current networks with blockchain technologies such as Ethereum has become a primary concern. To this end, Layer 2 solutions that enable transactions to be processed off the main blockchain have received significant attention. One of the Layer 2 solutions with serious potential is Polygon, previously known as MATIC. Review Polygon Cryptocurrency has solved Ethereum scalability issues, fees, and Processing Speed Full Review Raisal of this resetting Electric Kn 1 The rise of decentralised finance (DeFi) and non-fungible tokens (NFTs), for instance, has caused a need for scalable solutions that could propel Polygon to the forefront with equivalent gain in valuation.
The Solana (SOL) use case.
Solana — SOL is another that has been in headlines due to it’s really fast and cheap transition speed making a good spot for other upcoming projects which made Solona the next tough competitor they required*,* as compared with *Ethereum*. Solana has caught the attention of both developers and investors, as it offers a growing ecosystem of apps. The network’s 65,000 transactions per second throughput while still maintaining decentralisation has endeared it to those who look elsewhere from Ethereum. As long as Solana keeps growing its ecosystem and attracting projects, then there is the potential for it to grow at a rate that could rival Ethereum’s market capitalization.
The Interoperability Solution Polkadot (DOT).
This will be a title about the changing nature of the crypto space and how interoperability starts to matter as multiple blockchains occupy it. Jump of the Blockchains: Polkadot [DOT]**Born out as an invention by Ethereum co-founder Dr Gavin Wood, it aims to enable blockchains all over…buzzibracketsample.medium.com Design & Architecture It had a different kind of design, which is called para chains, helps to expand growth, and blockchain work at the same time that creates scalability for you increased security Has an improved Rate limited transaction. Polkadot could be a big winner because the demand for interoperability is exploding, and will continue to do so, as cryptos mature.
The Future of Decentralised Finance Aave (AAVE).
One of the top DeFi protocols, Aave (AAVE), provides a means for users to lend and borrow cryptocurrency assets without an intermediary. Aave has become a user-friendly DeFi platform and one of the most popular with users, as flash loans have become an innovative feature in this market that continues to grow. As Aave is bound to develop further and seek expansion into new markets, the cryptocurrency has great chance for some tremendous growth in future.
The tortoise in the race had enough room to grow Cardano (ADA).
Cardano (ADA) has been referred to often as an Ethereum “killer” that provides a platform for decentralised applications and similar smart contracts. Still, Cardano contrasts significantly by utilising peer-reviewed academic research integrated with an exceedingly methodical developmental protocol. This has resulted in slower deployment than other blockchain platforms, but it is a very secure and scalable platform. Cardano is one of the top blockchain projects right now especially after its recent updates which include bringing in smart contracts. And if more projects decide to build on Cardano, the value of it could skyrocket.
The Genesis of Decentralised Data Chainlink (LINK).
Smart Contracts rely on data to execute their contracts. Chainlink (LINK) has created the most secure decentralised oracle system that enables blockchain applications to chain with externally sourced data through an easily understandable set of tools. Chain Link has become increasingly important as one of the core bridging components between off- and on-chain data for so many DeFi projects. This could lead to a significant price rise for Chain Link, as the need for real-world data in blockchain applications and other use cases is poised to grow.
The Green Cryptocurrency Algorand (ALGO).
Vividly, as climate change accelerates and becomes a bigger problem by the day, it has forced many in the crypto community to pay heed towards blockchain projects that are sustainable. Algorand (ALGO) is another blockchain platform that stands apart for the same reason: it provides an extremely scalable and eco-friendly blockchain network. Due to the energy-efficient and scalable nature of Algorand’s unique, pure proof-of-stake consensus algorithm it also proves an alluring blockchain infrastructure for developers and businesses that value these aspects. As the interest in green technology increases, so too could its uptake of Algorand, which would result in a price rise.
The Privacy Coin Monero (XMR).
Monero (XMR) Monero is a privacy-centred currency and currently the most anonymous crypto coin in existence. Unlike Bitcoin and other cryptocurrencies (considered pseudonymous), Monero is considered truly anonymous because it hides data such as the origin of transactions, which makes tracking difficult. If governments and corporations attempt to intensify their net of surveillance, the demand for privacy-oriented solutions like Monero may well go up. Monero could easily experience such growth were it not for regulatory challenges, but due to its well-entrenched user base and solid technology, this genuinely is growing into a challenger.
The NFT Boom Flow (FLOW).
NFTs have become a sensation in the world, and Flow (FLOW) is part of this revolution. Developed by Dapper Labs, the company responsible for NBA Top Shot, Flow is meant to be used with high-performance dApps and NFTs. One that can handle the high transaction volumes of an NFT platform while ensuring speed and security. Flow’s novel architecture gives it just that capability. With the potential of Flow as a top-tier platform for digital collectables in an exploding NFT market, this could spell a HUGE upside in its value.
The Best Shiba Inu Gambler Meme Coin SHIB.
While meme coins are often seen as speculative and high-risk, **Shiba Inu (SHIB)** has an established community and ecosystem that is driving its listing on major exchanges/platforms. With Shiba Inu’s upcoming developments like a decentralised exchange in its own right (ShibaSwap) and more partnerships brewing behind the scenes, it very well could. Although this is extremely risky, popularity and strong community-based support for Shiba Inu may drive substantial price gains should the ecosystem grow further.
Conclusion.
As we all very well know, it is simply impossible to predict which cryptocurrency will be the next moonshot due to an increasingly volatile market. However, companies and investors shall invest more by analysing the fundamentals of these projects to identify a potential winner like — just in case this could be another profitable bull one! Keep in mind that the more these cryptocurrencies grow, so does their speculative nature, so be careful when investing and ask someone with knowledge about them.
Diversification continues to be a key strategy inside the crypto space. Investors will be able to manage some of their risks while having a seat at the table in case one of those projects becomes that next big breakout. As always, conducting thorough research and looking into the future of cryptocurrencies is essential as one makes their way through this chaotic sector.
The cryptocurrency market is a new and maturing one, so we can only expect to see more advancements in the next few years. Staying ahead of the information and investing wisely can keep your wallet safe, and possibly secure you a stake in the next massive cryptocurrency explosion.