which cryptocurrency will trade and rate most in 2020? prediction by Cryptogavel
cryptocurrency prediction by Crptogavel is simple an analysis designed to serve as a guide for potential investors in knowing the best and profitable cryptocurrency to invest in .
Cryptocurrency is a digital asset in the form of money designed as a medium of exchange, using a cryptograph to secure and verify transactions. Cryptocurrency is a general name for all the digital currencies. The popularity and high acceptability of Bitcoin has made it seem like it is the only cryptocurrency. However, it is only but one among the number of cryptocurrencies. Other cryptocurrencies have not been enjoying the patronage being enjoyed by bitcoin and the reason is still unknown.
Bitcoin which today sell at above $7,000 once sold at less than $0.001. The rise in the value of bitcoin is obviously as a result of its world wide recognition and usage in international business as a quick, safe and easy medium of exchange.
It is expected that come 2020, the other cryptocurrencies will definitely garner more value than they have at the moment. This is because, many business orgainisation will trade with cryptocurrenies against the fiat currencies, in order to circumvent the countless laws and policies involved in the use of the fiat currenicies.
Based on on Eliot wave theory, the founder silk Road, Ross Ulbricht said that the price of bitcoin could hit $100,000 from now to 2020.
The adoption of cryptocurrency as a medium of exchange can be traced to its promising attributes in the business world which includes but not limited to accessibility, security, lower fee, portfolio diversification and faster transactions.
- Ethereum: at the moment, one ethereum is equal to $270 . it is advised that people should invest in ethereum as it is predicted that the value of Ethereum will skyrocket so high by 2020 and if care is not taken, Ethereum will drag value with Bitcoin in 2020.
- Neo: with the recent declaration of interest by China to join the Neo game, it is predited that the value of Neo will be far higher than its value by 2020. Recall that the sharp increase in the value of Bitcoin was largely as a result of the interest shown by some powerful countries like China, USA, Canada , Japan, etc. If by 2020, China eventually adopt Neo as a medium of exchange, the value will swing so high that it may begin to drag position with Bitcoin.
- Litecoin: Inasmuch as the value of Bitcoin and Ethreum far outweigh the value of Litecoin, it still does not mean that Litecoin does not have the potential for a fast increase in value. it is advised that investors consider investing in Litecoin considering its technical preconditions to become a global transaction network which invariably will appreciate its value.
- Ripples: Ripples at the moment is worth barely $0.33 . It is rumoured that there is a plan for Visa and Western Union to soon embrace Ripple as their under-the-hood technology, which is quite a great prospect for this digital currency. This is the essence of the cryptocurrency prediction.
- Bitcoin: the last but not the list but actually the higehest is the most widely accepted and adopted cryptocurrency . This is one of the best cryptocurrencies for potential investor to invest in. The relevance of bitcoin in the business world will know no end again. The value of bitcoin will continue to increase. Cryptocurrency prediction is simply a analysis of what is expected of the cryptocurrencies in the nearest future.