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Top 10 Cryptocurrencies One Should Look Out to Invest in 2020

Want to know the top 10 cryptocurrencies to invest in 2020, then dive in.With 2019 at its brink, we bring the top 10 cryptocurrencies to invest in 2020

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2020 is about to end. Considering the recap of 2020, the year was pretty good for the crypto space. Much positive news in the market with great levels of adoption during the pandemic period.

On the contrary, crypto space also witnessed a steep decline in price, market capitalization, etc. This, however, did not affect the investors much. As the new year is approaching very fast, let us look forward to the promising cryptos in the coming year.

If you are new to the crypto space and wondering, ‘Which cryptocurrencies are best to invest’ then, you have landed in the right place. Get to know the cryptocurrencies which can give you good returns in 2021.

Bitcoin(BTC)

In layman’s terms, whenever cryptos are called out, Bitcoin is the first and foremost asset to be considered. As it is the primitive crypto and the user base is expanding every single day.

It has proved that it is resistant to any crash. It hardly took 6 months to recover each time it crashed below the records. Most recently, it dipped below $4000 in March 2020 and within 6 months, it touched $12000 in September 2020.

Currently, bitcoin is priced at $10,607 at press time. This year due to the Altcoin season and DeFi Hype, Bitcoin remained in a very narrow trend. However, bitcoin bulls and proponents have predicted a major breakout for the digital asset in 2021. Many of them have said Bitcoin might shoot up to $100K also.

Also Read : Bitcoin Price Prediction: Will Bitcoin Reach $100,000 By 2020?

Ethereum(ETH)

The second most popular cryptocurrency after Bitcoin is Ethereum. The Ethereum blockchain became the spotlight during the DeFi boom which pushed ETH price to $470. However, the high gas fees of Ethereum had always been the crux of the matter.

The ETH ecosystem is soon rolling out Ethereum 2.0 which intends to resolve the high gas fees issue. Recently, a dress rehearsal of Ethereum 2.0 was held and the second phase of the rehearsal will be held in the mid of October 2020.

Therefore with the launch of Ethereum 2.0, the analyst predicts a bull run for the digital asset which might take the price near to its all-time high.

Also Read : Will Ethereum Overcome the Recession in 2020?

XRP

Moving onto the next altcoin. Ripple (XRP) is also among the top 5 cryptocurrencies. The current XRP price is $0.544. However, Ripple has the potential to hit $1.0 by 2021 and increase towards its all-time high very soon.

Tremendous growth is expected in 2020. According to another analyst WalletInvestor, XRP price may rise by 380 percent and reach $0.6-0.7 in a couple of years.

Also Read : Ripple Price Prediction: Will Ripple Reach $5 In 2020?

Litecoin(LTC)

2020 was a pretty good start for Litecoin as it touched around $80 by February 2020. One of the reasons you could consider investing in Litecoin is its high liquidity with a large market cap.

Litecoin Price may explode in 2021 as the miners get a huge block reward of 25 LTC compared to 6.25 BTC. And also, the average time is around 2minutes which is less compared to the other cryptos.

Stellar Lumens(XLM)

Stellar is a decentralized, open-source protocol. It aims at fast cross-border transactions between any currency pairs. Stellar blockchain enables the development of decentralized applications to create new projects based on Stellar.

Currently, XLM is priced at $0.163384 and is expected to reach $0.5 in the next coming years. According to some predictions, XLM Price can rise to $1 by 2023.

Binance Coin(BNB)

Binance Coin is considered as one of the best cryptocurrencies to hold if your portfolio already has major cryptos like BTC, ETH, etc. World’s top exchange, Binance is the creator of BNB with an experienced team behind it.

Despite huge market volatility, BNB coin price has distanced itself from a huge jump and steep dump. Currently, BNB priced at $26.99 after touching above $30 recently. The analyst has predicted a good growth for the coin and also it might provide good returns in the coming days.

Cardano(ADA)

Launched recently in 2017, Cardano was successful in securing its place in the top 10 cryptocurrency ranking but unfortunately slipped down to 12th position. However, the project is still growing strong and very initial phase.

Currently, ADA is priced at $0.156651, as per some reports, Cardano price is expected to touch $0.2 by the start of 2021 and trend around $0.2 till the end of 2021.

VeChain

VeChain is a blockchain project found in 2015 which was rebranded and relaunched as blockchain for decentralized applications in 2017. Vechain has partnered with an impressive list of companies like PwC, BitOcean, BMW Group, China National Partnership and many more.

VeChain is priced at $0.156652 with a market cap of more than $600 million. VET price is expected to grow to $0.02 by next year and could reach up to $0.07 in the next 2-3 years.

Chainlink

Chainlink is one such project that came into the spotlight within no time. It runs on Ethereum blockchain and is considered as one of the best DeFi token having the major dominance in the DeFi space.

Chainlink Price which is currently at $8.77 is expected to touch $10 or above by December 2020. It is expected to grow gradually and attain $20 by the end of 2021, in December

Aave

Aave is a peer-to-peer lending platform on the Ethereum blockchain. Currently, AAVE priced at $80.21 is expected to touch $0.7 by January 2021. Moreover, the AAVE price may touch and surpass $1 by the end of 2021.

Conclusion

By now, you might have got a rough idea of the cryptocurrencies to invest in 2021. However, there are numerous projects in the crypto space which might give you huge returns. Above any predictions or analysis, doing your own research is always fruitful in many situations.

Source: https://coinpedia.org/top-10/top-10-cryptocurrencies-to-invest-in-2020/

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Coinpedia

Solana Price in Discovery Mode, SOL Price to Hit $150 Soon!!

Solana has pulled off an incredible comeback. The new ATH this week fueled its ascension into the top ten. The altcoin on the other hand, has reached huge

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Solana has pulled off an incredible comeback. The new ATH this week fueled its ascension into the top ten. The altcoin on the other hand, has reached huge milestones in a short period of time and has developed tremendously.

SOL price has risen dramatically in the last seven days, reaching an all-time high of over $80 on August 18th. The total market capitalization is at around $21 billion.

SOL Price Analysis

The Solana coin is creating divergence with price movement and technical characteristics on the weekly chart. The coin is rising in value as it forms greater highs and lower lows patterns. The current Solana price prediction mood is bullish.

The coin’s price has been fluctuating between $68 and $75.90 on a daily basis. Meanwhile, the token remains barely over $71 as bulls aim for a return to $80.

The SOL bulls may be taking a break. A short-term slump does not always imply that the asset has reached its peak. This is why. To begin with, the general mood remained upbeat. Awesome Oscillators green final bars mimicked a similar phase.

The MACD, which was slanted upwards, was also quite positive. The Relative Strength Index [RSI] has slowed towards the extreme overbought zone but has not yet turned down, indicating that the SOL market is still dominated by buyers.

$150 for Solana?

Smart Contracter, a well-known crypto trader, is forecasting fresh all-time highs for Ethereum competitor Solana.

A 130 percent gain for Solana from its current price of $65.15 isn’t outlandish, according to the crypto analyst. The Analyst estimates a $150 price tag for Solana after five waves, using Elliott Wave, which predicts price swings based on crowd psychology that tends to emerge in waves.

“This SOL ath [all-time high] breakout is looking like a monster wave three in the making. $150 is not unreasonable in my opinion.”

The MACD, which was slanted upwards, was also quite positive. The Relative Strength Index [RSI] has slowed towards the extreme overbought zone but has not yet turned down, indicating that the SOL market is still dominated by buyers.

Source: https://coinpedia.org/price-analysis/solana-price-in-discovery-mode-sol-price-to-hit-150-soon/

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Coinpedia

Bitcoin Price Facing Vital Resistance As Golden Cross Expected On 13th August!

Bitcoin(BTC) price after rallying above $46500, it consolidation again around the strong support levels in order to head close to $50,000

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Bitcoin price rallied remarkably and successfully added yet another $2000 with a nearly 6.1% jump. Moreover, the price also achieved the important resistance levels around the 200-day MA at $44,864. The rally marked a bullish re-establishment but with the beginning of the fresh day trade, BTC price initiated with consolidation. Whereas most of the altcoins appear extremely bullish.

The past weekend turns out to be a pivotal period that dragged the crypto space out of the reach of the bears. BTC price currently is reattempting to surge above $46000, keeping the bullish momentum well in place. On the other hand, the ETH price comfortably resides above $3100 after the occurrence of the Golden Cross.

Also Read: Bitcoin Price Analysis: Is Short Term Correction Evident Before the Golden Cross? Popular Analyst Says YES!

However, the Golden Cross on Bitcoin is expected to occur in a coming couple of days on 13th August 2021 as predicted by analysts.

Currently, the exchange outflow ratio has fallen to the lowest point since June 2019. Therefore a sense of confidence among the holders is withnessed as large exchange sell-offs are less common when less supply is at risk on exchanges.

Despite Bitcoin price closed above the important daily 200-MA, buyers appear to be exhausted in fueling the bull run. However, if the consolidation drags the price down, a higher low between $44,000 to $44,300 could preserve its uptrend. And hence, the BTC price could ultimately coil up towards $50,000, $48,000 could be the initial stop.

Also Read: Ethereum Price Flips Before Hitting Crucial Support Zones, Bull Market Resumes!

Despite Bitcoin price closed above the important daily 200-MA, buyers appear to be exhausted in fueling the bull run. However, if the consolidation drags the price down, a higher low between $44,000 to $44,300 could preserve its uptrend. And hence, the BTC price could ultimately coil up towards $50,000, $48,000 could be the initial stop.

Source: https://coinpedia.org/bitcoin/bitcoin-price-facing-vital-resistance-as-golden-cross-expected-on-13-august/

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Coinpedia

Polygon (MATIC) Price Retraces Well, Is It A Dead Cat Bounce Or A Recovery?

The Polygon price struggling to sustain the uptrend, the possibility of a fake breakout haunts the Matic Price Rally

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Matic Netwrok gained immense popularity and recognition with the rebranding to Polygon, earlier this year. Additionally, the Matic price rally also gained mainstream attention and adoption of-let. However, surrounding the immense market uncertainty, Polygon price slumps to its lowest levels.

The price has tanked more than a couple of time in a months time. Therefore healing is much delayed than expected. No doubt the price initiated with recovery within a short time frame, yet the multiple plunges have impacted the momentum of the uptrend. And hence, the probability of forming higher highs has fallen down to lower highs.

matic deadcat

As mentioned in the chart, the MATIC price experiences an extreme squeeze as the resistance levels are lower after each slump. The recovery rate has also gone down which clearly indicates the loss of bullish momentum. With the price attempting to uplift again, it would be mandatory to raise a huge leg up. Else, if the price follows the previous pattern, the dead cat bounce may lead the price to revisit the levels below $1.

AlsoRead: MATIC Price Targets $2.40 Level! Polygon Flashes Buying Signals!

Is It Safe To Enter The Matic Price Trade?

The short-term price analysis for the Polygon price, however, does not give a fully green signal to enter the trade. As the instability prevailing the crypto space does point out to observe the price movements closely and enter at the right time.

However, the recent dip may have opened the doors to initiate a ‘buy’ trade. As the price is expected to jump high soon. As per the analyst, Altcoin Sherpa, there was a nice dip towards the demand zone. Moreover, the analyst believes the price may reach the weakly highs around $1.7.

$MATIC: Nice dip to the demand zone again w. a good reaction. Would like to see it flip this current level before buying. Decent buy volume from yesterday; we’ll see if this can test higher. #MATIC pic.twitter.com/LDCPEowSh8

— Altcoin Sherpa (@AltcoinSherpa) June 23, 2021

Interestingly, the analyst also predicts a dip after the price attains the upper resistance levels. And hence, the $2 target still remains still misty. As the bulls remain still calm and maybe waiting for the right time to uplift the Matic price.

The short-term price analysis for the Polygon price, however, does not give a fully green signal to enter the trade. As the instability prevailing the crypto space does point out to observe the price movements closely and enter at the right time.

Source: https://coinpedia.org/price-analysis/polygon-matic-price-recovers-well/

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