- As every year, the question arises as to which Altcoins have the greatest potential besides Bitcoin.
- CNF takes a look ahead and has selected its top 5 Altcoins for 2020.
The Christmas season is not only the end of the year, but also the beginning of the time of forecasts for the coming year. In the crypto-community the question is which coins have the biggest potential for the coming year. In this article we therefore want to take a look at which old coins are most promising in 2020.
However, as the Crypto News Flash Team we would like to point out that the following information cannot be regarded as investment advice. We only share our thoughts about the crypto market. Readers are invited to form their own opinion on the contents of this website and to conduct their own research.
In order to select the top 5 Altcoins in 2020, we have tried to take into account all the important factors that can significantly influence the price of a cryptocurrency. From our point of view these are: acceptance, demand and price. The most important point from our point of view is the degree of acceptance.
Only if the project creates numerous use cases, for example through new partnerships, the price is likely to increase. In this respect, it should also not be ignored that news are a major price driver in the crypto market. Ultimately, acceptance but also demand will increase through the creation of new use cases. The price plays a role for many private investors in as much as “cheaper” coins are more affordable. New investors in particular start with smaller amounts and prefer the so-called “penny” coins.
Based on these factors, we have selected our top 5 Altcoins for 2020.
Basic Attention Token (BAT)
The Basic Attention Token (BAT) is trading at around 0.17 USD at the time of writing and could benefit even more from the growth of the Brave Browser in 2020 than in 2019. At the beginning of December, the developers…