The year 2019 is reaching its brink. 2019 was an average year for the crypto market. The market capitalization took a drastic change and the prices of most of the cryptocurrencies crashed. However, the crypto market is sort of leaning towards the green region in the last quarter of 2019.
Now, you might be pondering which cryptocurrencies are considered as a “Good Investment” in the upcoming 2020. And definitely, Investing some amount on crypto won’t hurt if you have some bucks to spare. But what are the best coins to invest in? Today we will muse about the future of the most well-known coins and their value.
It is common knowledge that whenever cryptocurrency is mentioned, Bitcoin is the first to come to all of our minds. Let us first analyze the Bitcoin market in 2020. At present, the BTC price is
$8,711.01 USD. Based on the current market, Bitcoin is said to reach its all-time high of $20,000 by the first quarter of 2020. The second half of 2020 is what will be a deciding factor for Bitcoin’s price because of the upcoming Bitcoin Halving. With the scarcity of BTC Coins, the price is bound to increase in the second half. My suggestion is to hold the BTC until then.
It is the second most popular cryptocurrency next to the BITCOIN. The current ETH price is $186.63 against USD. Analyst CoinKir’s technical analysis expects Ethereum to start 2020 at around $720 and then slowly increase. By the end of 2020, they expect Ethereum to become more than double, to $1488. Another prediction comes from LongForecast service which predicts Ethereum price to face up’s and down’s ranging between $474 up to a high of $672.
Moving onto the next altcoin. Ripple (XRP) is also among the top 5 cryptocurrencies. The current XRP price is $0.269147. However, Ripple has the potential to hit $1.0 by the end of 2019 and increase towards its all-time high by the end of 2020. Tremendous growth is expected in 2020. According to another analyst WalletInvestor, ETH price may rise by 380 percent and reach $0.6-0.7 in a couple of years.
Litecoin shares code with Bitcoin so as long as Bitcoin maintains its success, Litecoin will follow suit. e The coin saw a bullish trend in the last few months of 2019, with a current price of $59.5. This trend is expected to continue in 2020. The LTC/USD price is expected to reach $81.1. by the end of 2020 as stated by longforecast.com. While WalletInvestor says that LTC price can reach $169.8, however, it cannot cross BTC price.
Bitcoin Cash is the next sought out coin. BCH adoption is going in a fast manner worldwide. With the upcoming Bitcoin Cash halving, the prices of BCH will increase. The current price is $278.13. According to Trading Beasts, the BCH price can increase as much as $5,635.44 and be as low as $3832.10. However, the Bitcoin Jesus, Roger Ver says that BCH will be double the present price by the end of 2020.
Many are predicting that Stellar will be dominating the market more now than ever before come 2020. What with their token burning and scarce token supply, the price of XLM is bound to increase from the present price of $0.074542. Opinions are divided concerning the XLM price. The Beincrypto predicts that the price for 2020 will range between $0.07 to $0.2. But AltPocket.io claims that XLM price will reach $10 by the end of 2020.
Tron will heavily boost up its price in the coming year. Analysts predict that by January 2020, a price between $0.05-$0.08 may be expected. By the end of December 2020, a high rise is expected at prices from $0.21 – $0.30.
The year 2020 looks very positive for Dash. The team is establishing partnerships with payment systems and with small and large businesses. These features can help the dash coin gain a much higher price of $1100 per coin in the next 5 years. As of writing, the DASH is at $69.21. TradingBeasts forecast Dash coin to reach $123.80 maximum by 2020. However, LongForecast.com predicts the coin to fall down to $34.
Monero is the 12th largest cryptocurrency. And it is private, which is increasing its demand in both legal and illegal transactions. Monero is said to have the potential of becoming next Bitcoin. longforecast.com analyzes that Monero’s price will go up to $810- $945 by December 2020.
Bitcoin SV or BSV is a very volatile coin. Even a slight update will push the price in either way. As of writing, BSV is trading at $126.58. According to WalletInvestor, the Bitcoin SV coin must go up to $190 in the next year. While TradingBeasts forecasts that BSV will be $80.232 in December 2019.