In the next few years, people will have a better understanding of crypto technology and will be preferring it as an option to make payment with.
And it is not just limited to Bitcoin or Ethereum, there are many coins that have started to gain prominence lately. With this trend, we expect that this technology will get more popular in 2020 and the years after.
As we are accepting digitization in every domain, embracing a more advanced fintech solution that could streamline payment is definitely a wise thing to do. Believe it or not, this instrument has already started making signs of progress and affirming its place in various industries.
In the upcoming year, we are getting ready for more cryptocurrencies and they will definitely make a buzz among the enthusiasts across the globe.
Here’s a forecast about the price and trend of the existing cryptos in 2020:-
Bitcoin
Being the first cryptocurrency, Bitcoin will always the prime focus for crypto investors. It has already registered a humongous success in the last few years in terms of price and inclusion by companies as a payment option.
Next year, the original crypto is going to show us positive trends and will exceed $20,000 as the value of a single coin. Many experts and technical analysts believe that it could even surpass $25,000, even if touches the former, it would be great news for all the investors of Bitcoin. With its increased value, all the people who believe in this technology will get new hope.
Ethereum
Created in the year 2015, Ethereum is a coin that widened the scope of cryptocurrency. With its different protocols, it has become easier for businesses to accept this solution at a very affordable price. It is also the most valuable and popular crypto after the original one and holds the 25% stake in this fledgling industry. As per the predictions, its value is to forego $11,375 in 2020 and investors will be greatly benefitted.
Read More: How to Find The Best Cryptocurrency Developers?
Litecoin
Another coin that created quite a buzz when it was introduced in 2011. It reaches the mark of $400 in the first month of its launch and gained massive popularity because of its open-source architecture. According to the crypto market experts, it may touch the benchmark of $500 next year. However, another theory predicts that the value may not go beyond $470 and yet it would be a lucrative deal for investors.
Ripple
Back in the year 2012, this cryptocurrency was released by name of XRP and it was renamed as Ripple three years later in 2015. Since its release, it has been in talks for its technological advancements and adaptability for business. In 2020, its value could exceed $10 as per the experts.
Zcash
When Zcash was launched in 2016, it readily gained impressive value and popularity because of its functionality. It quickly became a smart option for the crypto investors and the value kept going higher without any obstacle. If you believe the analysts, its value would be around $733 next year which is a big leap from the estimated value of $175 in December 2019. With such a sharp rise in price, this coin would surely become priced possession for many token holders.
We must keep one thing in mind that the prices mentioned above are mere predictions based on the study and analysis. As we all know it, the price of any investment currency or instrument depends on various factors, so do not be surprised if they go otherwise.
As per some analysts, a major change is going to happen in 2020, cryptocurrency may become a part of the mainstream economy. If that happens, it would pave the way for many businesses to broaden their markets, it would also benefit millions of migrant workers who have to pay a sizable amount of fee on remittances. When a transaction takes place using this solution, there are no third parties or payment gateways. Two parties can transact with each other without any intervention and that’s what makes crypto a unique fintech solution. According to many experts, the year 2020 will show us many watersheds in the crypto sphere. To know more about latest crypto news, add crypto news rss feed on your website
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