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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

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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Coinpedia

Will Bitcoin Death Cross Pave Way for a Golden Cross

The token’s price pattern on the charts has recently formed a death cross pattern. i.e, the crossing of BTC’s 50-day moving…

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Bitcoin plunged to a two-week low on Monday, falling as much as 11.4% to $31,735. The flagship crypto has been highly volatile, as it has dropped more than 20% in the last six days and is almost half the price of its April high of nearly $65,000.

The token’s price pattern on the charts has recently formed a death cross pattern. i.e, the crossing of BTC’s 50-day moving average below the 200-day moving average.

This infamous pattern has triggered a conversation amongst traders and analysts. While some consider it as a bearish indicator, some believe the prices will recover and surge higher than ever before.

Historically, Bitcoin’s formation of a death cross in March 2020 proved no hindrance to profits, as it rose two months later and formed a golden cross. However, a death cross in November 2019 resulted in the coin’s price falling a month later.

Popular analyst and trader Benjamin Cowen has weighed in on the death cross pattern. He believes that moving averages are lagging indicators that often tell us what we already know.

Cowen says Bitcoin will have lengthy bull cycles, and it is in for a long period of consolidation and range. The expert claims that he believes BTC Price will reach $100,000, but that it will take longer than most people think.

The analyst believes that now that the death cross is nearly complete, Bitcoin bulls can look forward to a probable “golden cross”.

“One nice thing about a death cross is that the next thing you can maybe look forward to is a future golden cross. Now, I don’t know how long it’ll take… We know that historically speaking, at least in recent years, it could take six months before we get above the 20-week [moving average] and then hold it as support.”

Not just Cowen, Popular analyst Plan B has also weighed in, He took to Twitter and pointed at the timelines of previous death crosses in Q4 2019 and Q1 2020 and what followed further.

Historically, Bitcoin’s formation of a death cross in March 2020 proved no hindrance to profits, as it rose two months later and formed a golden cross. However, a death cross in November 2019 resulted in the coin’s price falling a month later.

Source: https://coinpedia.org/bitcoin/bitcoin-death-cross-pave-way-for-a-golden-cross/

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Coinpedia

A Major Breakout Awaits Cardano Price, Is $2 Achievable Now?

Cardano(ADA) price is showcasing a possibility of a major breakout that might result in a reattempt to propel towards $2

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cardano surge

The crypto space is currently uncertain as the price of most of the coins does not point out either bullish or bearish. While speculations and anticipations fail for most of the coins, Cardano price stands away from the crowd. As the ADA price currently is not too bullish nor it does show signs of a plunge to lower lows.

Despite a major drop during mid-may, the price remained above $1 whereas the other assets within a similar range plunge down to $0.7 to $0.8 levels. Considering the present scenario, ADA price is trending within a narrow range. And hence showcasing a possibility of a breakout as it failed to break down the strong support levels.

Also Read: Is Cardano Price Poised For 500% Rally? ADA Price to Hit $10 By 2021 End

adapricetrianlge

As mentioned in the chart, the price after bouncing above the support levels did not dip below these levels in the past month. However, the fresh dip enforced the price to trade within the lower limits of the channel. On the other hand, a triangle pattern has also formed and the price already rebounded from the lower levels. And hence after a consolidation for another day or two, a breakout appears imminent.

Cardano price bull run seems to approaching very fast as it has followed the uptrend line without any flaws. And the price could reach $1.84 or equal to 0.0000519 BTC by the end of July as predicted by a popular analyst, mantorras.

The crypto space is highly anticipated to gain enough momentum and bounce back. Many analysts believe the upcoming Q3 and Q4 of 2021 will be very fruitful than the initial one’s. And hence, Cardano price may also regain the lost positions above $2 with an aim to never revisit lower levels. In such a case, the bulls need to uplift the ADA price well before the time.

Photo of Sahana Vibhute

A passionate cryptocurrency and blockchain author qualified to cover every event in the crypto space. Researching minute occurrences and bringing new insights lie within the prime focus of my task.

Source: https://coinpedia.org/price-analysis/major-breakout-awaits-cardano-ada-price/

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