quora Altcoins Aside from Bitcoin in 2020 | Finance Brokerage
0

Altcoins Aside from Bitcoin in 2020

2019 is almost ending, and 2020 will be the new decade. In the crypto-community, a lot of people wonder about the coins that have the biggest potential for the coming year.

In picking the top altcoins in 2020, try to take into account all the essential factors that can affect the price of a cryptocurrency. And these are acceptance, demand, and price.

Then, if the project makes several use cases, for instance, through new partnerships, the price is likely to move up. With this, investors should also consider the news, which is a major price driver in the crypto market. Moreover, acceptance and demand will boost through the creation of new use cases. The price plays a significant role in a number of private investors as much as cheaper coins are more affordable. Notably, new investors with smaller amounts and favor the so-called penny coins.

Basic Attention Token (BAT)2020

The Basic Attention Token or BAT is trading around 0.17 USD. And this altcoin could benefit even more in the growth of the Brave Browser in 2020 than in 2019. In early December, the developers of the Brave Browser showed an increase in active users to 10.4 million. This corresponds to a tripling of active users within just a year.

In addition to that, the Brave Browser plans to revolutionize the online marketing industry and established a decentralized ecosystem that brings users, publishers, and advertisers together. Then, it will distribute the monetization of advertising revenue through the Basic Attention Token (BAT). If the number of active users, especially the publishers and advertisers, further grows as fast as it did in 2019, the BAT price might benefit greatly. Back in 2019, it achieved a 12-fold increase to 340,000 publishers.

The team behind BAT also speaks for the achievement of the project. With co-founder of Firefox and Mozilla and creator of JavaScript Brendan Eich in the project, a strong personality leads it. Aside from that, the project has a prestigious list of investors, such as the Founders Fund, Foundation Capital, Propel Venture Partners, and Pantera Capital.

VeChain (VET)

In the past two months, VeChain already caused a fuss. For quite some time, the Singapore-based project went under the radar of a lot of investors. In the previous months, meanwhile, the project has gained more attention, and not without reason. Since the mainnet launch of VeChain Thor blockchain, the team has established more renowned partnerships successfully compared to any project in the crypto market.

Furthermore, VeChain Thor blockchain’s use cases focus on digital business transformations in different industries. And these include fashion, wine, automotive, food safety, carbon emission reduction, and agriculture. Then, partners include global corporations like DNV GL Group, PriceWaterhouseCoopers (PwC), the National Research Consulting Center (NRCC) from China, DB Schenker, Kuehne & Nagel, BMW Group, and Renault.

Comments Rating 0 (0 reviews)

Get the latest economy news, trading news, and Forex news on Finance Brokerage. Check out our comprehensive trading education and list of best Forex brokers list here. Subscribe now and receive FREE updates on the market today!

Leave a Reply

Sending

Subscribe to Our Newsletters

Have the best of Finance Brokerage News delivered directly to your mailbox. Subscribe now to receive the latest market news.