2020 is the year of the corona virus, with almost all financial markets disrupted in all directions. More and more people are looking for alternatives to their savings accounts and are quickly turning to cryptocurrency. In this presentation, we will see which cryptocurrency can perform well between 2020-21 and why.
2. 2020 is the year of the corona virus, with
almost all financial markets disrupted in
all directions. More and more people are
looking for alternatives to their savings
accounts and are quickly turning to
cryptocurrency. In this presentation, we
will see which cryptocurrency can
perform well between 2020-21 and why.
Introduction
3. Always do good
research when
investing in crypto
and never invest more
than you can afford.
Note:
This is purely our
opinion based on
experience and
certainly not pro
financial advice.
4. Bitcoin Bitcoin is the largest and oldest
cryptocurrency in the world. Virtually the
entire market follows the Bitcoin’s price. If
the price goes down, the altcoins often
follow as well. Thousands of miners are daily
mining new Bitcoin and thousands of
transactions are processed every day. Bitcoin
is always a base currency on exchanges and
will remain so for the time being. Crypto still
cannot do without Bitcoin at the moment
and is therefore ranked number 1 in our top
5 of 2020 (no surprises there).
5. Ethereum
Ethereum became especially popular in 2017
when the ETH price rose from $10 to almost
$900. Especially for the early investors this
was a nice return of investment. Nowadays
the Ether price fluctuates around $200 and is
at position 2 based on market capitalization.
Ethereum is a second-generation currency
which introduced special new features. The
introduction of the platform allowed people
to create ERC-20 tokens on the platform and
execute smart contracts. Especially when
ICO’s were very popular, this was widely
used.
6. 2020 was going to be the year of Ethereum
2.0, but the project is delayed and
postponed until 2021. Ethereum 2.0
ensures that the network can handle more
transactions and that you no longer have to
mine new coins, but you can stake them.
Besides this, more technical solutions are
being implemented. This will be rolled out
in phases and can take up to 2022. One
certain thing is that the team behind the
coin is developing a lot. This is a good sign
for a project.
7. Chainlink
Chainlink is another project that is doing great.
Not only did Chainlink achieve new all-time-high
several times in 2020, but Chainlink’s solutions
are also being implemented by
other blockchains. For example, they are
working on so-called Oracles that make it
possible to integrate external data into
blockchains. As a result, they collaborate with
many other projects such as ICON and Ontology.
In addition, the technology is also used for DeFi
platforms and they are entering the
Pharmaceutical sector. The sharp price increases
in 2020, the new Oracle technique and many
collaborations make this a very interesting
project.
8. Litecoin
One of the main reasons to consider
investing in Litecoin this year is its high
liquidity and a large market cap. If you want
to avoid risks, stay away from coins with
smaller market caps, then go with
cryptocurrencies like Litecoin.
In 2020, Litecoin is still considered one of the
most trusted and used cryptocurrencies,
despite the strong competition.
9. Binance Coin The last currency in our top 5 is the Binance
Coin, this is the native currency of the crypto
exchange Binance. This platform is developing
new features so fast that holders of Binance
Coin can benefit greatly from them.
By having Binance Coin you can grow along
with the exchange. Binance was the first to
release a native currency after that many
other exchanges followed. No other token is
as popular as Binance Coin.
10. While crypto wisdom accrues over time,
there’s an array of learning resources on
the BlockBanc app to increase your
knowledge of crypto.
Know your crypto before investing in it.
Download the app now (link in the next
slide).
Learn About Crypto