Predict the top 10 Cryptocurrencies in 2020 (part 1)
Bitcoin
Bitcoin will keep its leading position by 2020, but the influence of Bitcoin on the market will decrease. Looking at the past, we see that the advantages of Bitcoin are gradually decreasing starting in 2013.
So what will make Bitcoin prices go up? Money flow from organizations, there will be more Bitcoin reception because of the Lighting Network, so far Bitcoin can become a global reserve currency.
Money comes from organizations, the problem is not whether or not but when
CBOE is urging the SEC to re-evaluate its ETF request. A very big name in the investment world is George Soros who started investing in Crypto. On April 12, 1818, $ 250 million of Bitcoin was purchased within an hour. Institutional investors are always smart, they will buy after the pullback. Bitcoins usually peak after 70% correction, if this is a new wave.
Bitcoin's Lighting Network demo is available on Mainnet. It is being developed steadily but not really received by the community. However, after 2 years of development, Lightning Network will create more value for the Bitcoin ecosystem. There are now a number of retailers that accept Lightning payments and Bitcoin daily payments (micro payments) can become a reality.
Economic crisis will increase Bitcoin prices
The debt-to-GDP ratio has risen steadily since 2007 and the 10-year economic crisis has come close to us, but it's hard to say for certain. As the economic crisis unfolds, the Crypto market will be a good place to avoid storms and Bitcoin will undoubtedly be the most anticipated name.
NEO
There are many reasons for NEO to stand in this position. NEO has a dedicated community, the Trinity expansion solution is under construction and contains a lot of promise. More ICO projects will increase the value of the NEO ecosystem, and the attitude of the Chinese government to NEO is very good. NEO is not yet a completely decentralized ecosystem because NEO wants to be fully prepared before the battle. Many people do not like this approach of NEO, but this is Chinese style and we can not deny that focus will be beneficial in some cases.
We are now seeing the escalating economic and political tensions between the United States and China, which will further fuel China's entry into the Crypto market. What will happen if the government legally completes the electronic revolution, surely a revolution in China will explode and NEO may be the image leader of the revolution.
EOS
EOS will become the No. 1 platform for business applications. The Uber, Facebook, AirBnB decentralized will be built on EOS. EOS will take an enormous market share from businesses looking to expand their applications and this will lead to an increase in the value of EOS. EOS is a high-performance, scalable blockchain that can be built into enterprise applications. This scalability is possible through the Delegated Proof of Stake (DpoS) algorithm and the theoretical benefits that the "infinite parallel series" offer.
In addition, EOS allows developers on Ethereum to copy and launch their projects on EOS, which makes Ethereum-based projects very easy to convert to EOS.
The future is wide open for the EOS. The EOS mainnet was launched in early June, promising to make big strides. EOS also owns billions of $ tokens of Ethereum, so they can dump Ethereum down whenever they want.
To be continue....
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Hey Sir, loved the article I will follow to see your next 7... But I for one believe that Bitcoin has problems. This is the best post I have seen to date about the lightning network, check it out.
https://medium.com/@jonaldfyookball/mathematical-proof-that-the-lightning-network-cannot-be-a-decentralized-bitcoin-scaling-solution-1b8147650800
In my opinion so many coins do what Bitcoin does but better. Faster, lower fees, more scalable, etc...
Charlie Lee hypes it just so his litecoin can be silver... Neither are great.
I notice you think ETHEREUM can be beaten but not bitcoin, in my opinion ETH is a much better coin then BTC.
The post is very good of content. very detail and so many information.
ETHEREUM, just waiting for my next post.