The Future of Cryptocurrency in 2020

by Blockchain council Blockchain certifications

Overview:

Eleven years ever since the first cryptocurrency, Bitcoin surfaced, we have seen a huge rise in the number of cryptocurrencies pacing their way into the market. Today, their number surpasses 3000.

It is important to understand cryptocurrency projects to differentiate between the profitable and non-profitable cryptocurrency. This projection is based on Return on investment. Cryptocurrency prediction is imperative as it helps in analyzing, which cryptocurrency to invest in the years to come.

In addition to the information on the ROI, it is also important that you must also know about cryptocurrency trend. Having a cryptocurrency certification is a good way to assess the working of cryptocurrency and trading of the same. Well, this year has been tragic in many sense, and the global market was also not spared from the brunt. On March 12th, which is also termed as Black Thursday, the global market plummeted, and cryptocurrency also faced the aftermath.

Bitcoin lost 50% of its value, but now it is steadily trading at $6,856. So, it’s not a complete downfall. Whether it is Bitcoin or any other cryptocurrency, knowing about the right way to trade them is imperative.

Best Performing Crypto So Far

We are midway sitting in 2020, and by this time we have certain cryptocurrencies performing decently well. We have got together this list of best performing crypto in the market:

1. Bitcoin- It is the pioneering cryptocurrencies and is the strongest one till now. The currency reached an all-time high in June 2019, when it was $12,407. However, 2020 has not been that great of a year. The price of Bitcoin plummeted, but it didn’t stop here, the currency again picked up the pace, and at the time of writing, Bitcoin is trading at $9786.13.

2. Bitcoin Cash (BCH)- It is yet another important cryptocurrency and not to miss, a promising one. It is a hard fork of Bitcoin, that means, Bitcoin Cash is rafted from Bitcoin. In Jany 2019, it was trading at $135 and at the time of writing BCH is trading at $258.88.

3. NEO (NEO)- It was one of the best crypto performers in the year 2019. It is both a cryptocurrency and open-source platform. Its currently ranks 22 among the leading cryptocurrencies. At the start of 2019, NEO was trading at $7.5 and the ned of 2019, it reached $9. Currently, this cryptocurrency is trading at $12.15.

4. Ethereum- Another addition our list is Ethereum which is matching up the pace with Bitcoin. It is not only a cryptocurrency but an open-source platform which is used to develop decentralized applications. Currently, the price of the Ethereum stands at $242.93.

With these growing numbers and pricing, we can conclude that the cryptocurrency market is growing and for those who are looking to invest in it, there is no better time than today. However, it is important that you must know about cryptocurrencies and how to trade it. Going for cryptocurrency trading online degree will help you learn about how does cryptocurrency market work and what is the right way to trade.

Parting Shot-

On the concluding note, we want to mention that cryptocurrency is here to stay. It has emerged as a new market favourite which holds a lot of prospects for the future. If you too wish to make an investment in it or want to learn more about cryptocurrency, then you must go for cryptocurrency certification by Blockchain Council.