One of the most interesting questions in the Krpto-sphere is what crypto-currencies in the long term to enforce it in the future, a real need outside of the crypto-Trading to create to satisfy.
In this article, we try to take a look into the future, which projects in the year 2020 in the Top 10 crypto currencies by market capitalisation, could be a good Investment.
We assume that the Blockchain technology and crypto-currencies will prevail, and the future of the world as we know it, significantly and change shape. In addition, we base the assumption that Cryptocurrencies will prevail only if they can demonstrate a real-world Usecase, or a Problem from practice in business, research, or other areas remove.
In addition, we assume that it must be existing projects that have already reached a certain development, which provides at least a Mainnet or in the next few months, upcoming Mainnet Launch. The analysis is based is that the experience of the last years has shown that the development of a successful Cryptocurrency required a lot of time.
The proposed list, however, should in no way constitute a purchase recommendation, but merely as a basis for discussion. We are aware that by Far not all the readers of our opinion about our compilation. We are also within the Coin-Hero editor various items discussed hot and are still some of the digital currencies is not 100% in agreement.
Different and controversial opinions are, in our view, in the case of this topic, of course. The technology is still too young, and the development of individual projects, unclear, or too little advanced. In the comments, we would appreciate your constructive criticism as well as your Top 10 list.
Our Top 10 crypto currencies by market capitalisation in 2020
Many Kryptwährungen many uses
Ethereum is our first choice. Ethereum will be, in our opinion, the worldwide, leading platform to develop distributed enterprise applications on the Blockchain.
The increasing demand and use of the Ethereum Blockchain will be a key to success. This is on the one hand, driven by the development of the DApps, and on the other hand, by the functionality as a possible investment instrument. However, there will be a race.
Can Ethereum improve the scalability, before EOS and other DApp platforms to conquer a lot of market share? Since Sharding will probably need a little more time, will be the development of the scaling solution Plasma, the development of which is already Ritten by OmiseGo far advanced, is of great importance. The Ethereum Blockchain could then handle a Million transactions per second, and its supremacy to expand.
In addition, Ethereum has the Enterprise Ethereum Alliance in the back. This connects Fortune 500 companies, Startups, academics, and technology providers with Ethereum experts.
The common goal of the Alliance is to define an enterprise-ready Software that is able to cope with the most complex and demanding high-speed applications. Already in the list of the founding members of numerous well-known companies, including Microsoft, ING, UBS, BP, and Intel:
The Internet-of-Things is a very large and highly promising field of Innovation, more and more into the Public eye moves and part of all our lives. The goal of the Internet-of-Things is that machines communicate with other machines regardless of the people and the everyday life of the people easier.
In the future, the fridge will order automatically the food, if the fridge is empty, cars will be able to book the car Park Ticket fully automatic and pay. IOTA will be the backbone for transactions in the Internet of Things and machine-to-machine payments. Particularly in the areas of Smart Cities, Supply Chain and mobility could be important application areas.
IOTA was able to convince BOSCH, VW and Fujitsu from the Potential of the Tangle of technology and as a Partner to win. Bosch has acquired a considerable amount of IOTA. The capital of Taiwan, Taipei City, has entered into a partnership with IOTA to the creation of a Smart City. Using the Tangle technology a number of technical innovations for the inhabitants of the city are to be created.
Furthermore, the new project Qubic has enormous potential, provided the promised application areas can actually be covered.
Ripple is in the cryptographic community due to its proximity to the banking system and the question of decentralization of the network is always controversial project. However, Ripple has, like no other project, numerous partnerships. The last Ripple of led’s CEO at the Money 20/20 Europe conference that by the year 2019, the number of banks, the use of the technologies of Ripple will increase significantly.
As we previously reported, Brad Garlinghouse, CEO of Ripple convinced that Ripple hits by a clear application to the needs of the company and, therefore, faster and more widespread than other digital currencies.
Ripple currently has a number of Blockchain-based software solutions are used by financial institutions. Garlinghouse, however, is convinced that xRapid, which uses the XRP tokens, up to the year 2019, more and more banks are convincing and, therefore, use the XRP tokens.
Already now Ripple has a large network of over 100 banks and financial service providers. This includes, inter alia, LianLian International, the Santander Bank, IDT Corporate and MercuryFX, Rakbank, Standard Charter and AXIS Bank.
Already for a long time, UBS, UniCredit, Bank of America Merrill Lynch, travel Bank, BBVA (second largest Bank of Spain), Mitsubishi UFG Japan (largest Bank in Japan), SBI Holding and Akbank (Turkey), inter alia, to the cooperation partners of Ripple.
Regardless of whether one supports the basic idea of Ripple, it will Ripple, in our opinion, in the Top 3 again.
Comparing EOS and Ethereum, it is striking that both platforms have similar objectives. In the same way as Ethereum also EOS aims to create a Blockchain-based platform for the commercial distributed applications can be developed.
The EOS Mainnet is currently in the starting blocks and promises a few Features that could make it to Ethereum in the short term, consider. In the network of EOS, there will be no transaction fees, and any developer of a Dapp can decide for himself whether he charges for its EOS-based currency or not. In addition, EOS should be able to in the future, 1 Million transactions per second (at the Start of the Mainnets it will be less).
From our point of view, the EOS will be due to the strong technology, together with Ethereum, the leading platform outside of Asia and Russia, to develop business applications on the Blockchain.
Bitcoin is going to lose, in our opinion, to 2020, market dominance, and thus, possibly, also his first place and his function as a reserve currency. Historically, the dominance of Bitcoin, the total market capitalization is measured has fallen from 95% to 85% and, at times, already on 32% in January 2018.
However, the Bitcoin price will be driven, in our opinion, especially in the second half of 2018 and in 2019 by institutional money and the entry of new investors.
In our opinion, the inflow of large amounts of institutional capital is not a question of “if” but of “when.” As we already reported, are planning numerous companies worldwide, including NASDAQ, the entry in the crypto currency market. This is first benefit of Bitcoin in the year 2018, to continue as a reserve currency and most established crypto-currency will attract many large investors.
In addition, the commissioning of the Lightning Network will lead to an increased acceptance of Bitcoin, if it can be the expectations. While a potential global financial crisis, Bitcoin can serve as a global crypto-reserve currency (“crypto-Gold”).
Nevertheless, there are for Bitcoin, some of the technical challenges I have to solve. The main problem is, in our opinion, in the inertia of the Bitcoin network to make technical Changes and to reach a consensus on the future development of Bitcoin.
It is unclear, for example regarding the use of the Lightning Networks as Off-Chain-scaling solution, as the following Video explains very simply and clearly.
An On-Chain-scaling solution, for example, by increasing the block size (see the SegWit2X Disaster from last year in November), will be rejected by the Bitcoin developers, however, strictly. Backgrounds, please see the Video below.
From our point of view, Bitcoin as a “Ur”crypto currency in 2020, therefore, in particular, as a store of value. Other crypto Bitcoin expire currencies due to their technical Superiority but the rank and a larger dissemination and use of experience.
Cardano (Ada) is a very ambitious project that is less driven by Hype and expectations, but much more by a steitge development.
It is designed a new decentralized economy, and to democratize the financial markets in emerging markets. Cardano allows the cost-effective, secure, and scalable creation and execution of decentralized applications and Smart Contracts and a strong scientific approach.
The Cardano-developers are trying to find a balance between a decentralized platform, and the applicable rules and regulations of all the countries, and neither the privacy of the user, nor the integrity of distributed platforms at risk.
By 2020 at the latest Cardano is supposed to be fully functional.
In addition to the technical reasons, in particular, the relationship of NEO and Onchain games to the Chinese government, an important role for the placement of NEO.
NEO used as a consensus method, the “delegated Byzantine fault tolerance” or dBFT. The main advantage of this method is that it prevents Splitting of the system and no Forks allowed. In addition, NEO has a 2-Layer scaling solution (Trinity) and it can process up to 10,000 transactions per second and that is quantum computer resistant.
Even more important is the relationship with the Chinese government.
NEO is currently centralised by the company Onchain. This should persist for a long time, until a stable and fully functional Version of NEO has been developed. Critics doubt, however, that this will change in the future. In this respect, it is also described as the “China way”. OnChain is working with the Chinese government and numerous companies, which are required for the adaptation and use of NEO important.
VeChain allows it to capture manufacturers, suppliers, and customers all the important information about a product through the entire life cycle of Supply Chain management, to manage and to share. The Vechain Thor Mainnet is expected to start by the end of June.
Already now Vechain has a wide list of partnerships that will be using the technology. The international auditing, tax consulting and business consulting, PwC Hong Kong, will use the technology for its services.
In January, the international classification society DNV GL has announced a partnership with VeChain. The aim of the cooperation is the development of a Blockchain-a platform for tracking and tracing of food products and beverages, as well as the examination of the Use for the fashion and retail, and the automotive and aviation industry.
The publicly listed Shanghai eGrid Consulting co. LTD, a leading company for software solutions in the automotive industry, intends to integrate VeChain Thor into your existing ERP, SCM and CRM software solution. Finally, the Lingang International Manufacturing Exhibition Trading Center has been known to use Vechain Thor.
From our point of view Vechain Thor will be the leading Supply Chain Management Bloch chain in 2020.
Based on Ethereum OmiseGo (OMG) wants to create a decentralized payment network and a decentralized Exchange for all Cryptocurrencies as well as Fiat currencies, and replaced that can be traded.
The Thai Ministry of Digital Affairs and Omise to develop signed by the end of February 2018 a Memorandum of understanding (“Memorandum of Understanding”), in which both parties declare their will, a nation-wide Online payment and identification system on the Basis of the OmiseGo technology.
Thus, Thailand could become one of the first countries worldwide to implement Blockchain technology for their population officially. OMG this might be the first Open Source cryptographic currency, which is used by a country not officially.
As we reported at the beginning of April, has made the development of the scaling solution Plasma for the Ethereum Blockchain is already far advanced, that 2018 could be a publication. OmiseGo, as well as the Ethereum Blockchain could process 1 Million transactions per second.
Here’s what OMG Transactions Per Second will look like once the Plasma is implemented from r/omise_go
From our point of view, a Privacy Coin belongs in the Top 10 by 2020, because of the Privacy tokens to meet a specific Usecase, namely, to Perform anonymous transactions, and this need will increase further in the near term.
Monero was launched in 2014 and has since developed into one of the most stable and secure Privacy Coins. XMR allows the transaction to anonymise information. Due to the strong teams of developers Monero will be, in our opinion, also in the Top 10 again.
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