Altcoin Buzz

With the Altcoin market starting to move, there are some coins that have outperformed the rest. Coins like Chainlink, Cardano, Vechain, Dogecoin, Kyber Network, Crypto.com CRO, Enjin, Digibyte, Aave, Ren, Zilliqa, Quant Network, Elrond and more have given over 2x-4x returns in the last 90 days.

Some of these are the more established projects or the ones that have made it to the top 300 on Coingecko. Here are the 10 best cryptocurrencies that are primed for a big move.

Best cryptocurrencies price chart

Source: Coingecko.com

1. Ethereum (ETH):

It should be evident by now that we at Altcoin Buzz are very excited about the launch of ETH 2.0. Not only does it introduce Proof Of Stake (PoS) for the world’s second-biggest cryptocurrency, it will also scale it. Moreover, PoS will add features that the developer community and many existing smart contract platforms have been waiting for. Some of these are:

  • Beacon and Casper – Switching how Ethererum is mined
  • eWASM – Expands coding options and Ethereum Virtual machine capabilities
  • Plasma – Extra layer to handle massive amounts of transactions
  • Zk snarks and more

This will literally scales the entire DeFi space. It is easy to see that the task that the Ethereum team has undertaken is due for a run and a big one! Since January 2020, ETH’s price has jumped from $163.31 to $239.01.

Also, it is important to keep in mind that there is a big chance that in the last 3 years since the 2017 ICO hype, a lot of projects that raised money in ETH have spent this money. Moreover, there is a serious upside because of the distributed nature of ETH as well.

2. Binance (BNB):

Easily one of the most popular exchanges in the world. Their native coin BNB is at the heart of their ecosystem with trading and IEOs, use cases, and investments. Also with their acquisition of Jex futures, WazirX, CoinMarketCap, Swipe, and many more prominent purchases, the ecosystem has exploded. With more partnerships across the globe, the Binance coin seems to be on the verge of completion of accumulation and poised to move up.

3. Icon (ICX):

Initially known by many as the Ethereum of Korea, ICON is designed to be a massive scale ecosystem, allowing different blockchains connecting to one another through their protocol. This means that universities, security firms, banks, hospitals, and other private blockchains will all be able to share information through the ICON’s online ledger without intermediaries.

Many updates and upgrades have been following. With the recent news piece we covered on ICONLOOP, ICX is definitely one to keep an eye on. And that makes it one of the best cryptocurrencies invest in now.

4. Crypto.com (MCO and CRO):

The CRO coin by Crypto.com has taken all the attention by going from 350 sats a few months ago to a nonstop 1550 sats on 10 July 2020. But the real vision of spending and using cryptocurrencies for payments are fulfilled by MCO.

With the recent WireCard fiasco there is uncertainty in the market whether MCO Card will be an easy division for Crypto.com to maintain. But we have been following the project and the team regularly for the last 3 years. And seems it could be the next big cryptocurrency. As per its track record, it will most likely march ahead and will fix the issues with compliance in mind.

Here is our Youtube video sharing the insights about top cryptocurrencies:

5. Chiliz (CHZ)

In the landscape where we are all looking for taking our positions in the DeFi platforms the business and enterprises do need blockchain solutions. Moreover, no one has been able to create a mark in this space other than Chiliz. It’s amazing partnerships with the UFC, Barcelona FC, and Juventus FC have played a crucial role in its growth. However, it only seems like the beginning. It’s only a matter of time people take notice of what is happening with Chiliz. Pretty soon they will understand it is one of the best cryptocurrencies to buy right now and one of the most exciting cryptocurrency projects.

6. Harmony (ONE)

One of the first projects to have sharding enabled, Harmony acts like silver to Ethereum’s Gold. With an excellent team of blockchain developers and the exciting protocol, it offers what space desires. The protocol is extremely cheap and efficient and some rumored big developments and announcements coming later this month. We would definitely keep Harmony in view. Harmony was also the first IEO on Binance and has a decent liquidity on the exchange increases the chances of it being the next big cryptocurrency.

7. Tezos (XTZ)

Tezos is a coin that focuses heavily on security and has a huge and growing developer community. It is among the best performing coins in 2020 that makes it one of the best cryptocurrencies to invest in now. Even a look back at its performance in 2019 shows that the coin has been on a steady rise for a while.

Tezos’ status as the first self-evolving blockchain is its big USP. This partly explains the excitement that surrounded its development in 2014 and the $230 million (plus hedge fund investment) it raised after its IPO in 2017. Another big factor was the involvement of billionaire venture investor Tim Draper, who’s backing further stoked the hype that greeted its high-profile launch.

8. Zcoin (XZC)

ZCoin is one of the major privacy-focused coins that attempts to establish anonymous transactions and fungibility. It also attempts to establish the decentralization of mining in a unique and scalable way. Zcoin has been very focused on development. With Lalentus around the corner and other major updates coming it is the only privacy coin on this list.

Its privacy features make it one of the best cryptocurrencies to invest in now. That is why it is the one we are very eager to follow.

9. Cosmos (ATOM)

The Tendermint SDK by Cosmos is the backbone of many protocols including Binance Chain, OKChain, Foam, ShareRing, and more. Cosmos also focuses on interoperability and the ATOM coin has three use cases:

  • A spam-prevention mechanism
  • A staking token
  • A voting mechanism in governance. As staking tokens, ATOM can be “bonded” in order to earn block rewards. The economic security of the Cosmos Hub is a function of the amount of ATOM staked.

10. Kava (KAVA)

With the increase in popularity of Cosmos, there will be a serious surge of DeFi growth on it as well. Kava is a cross-chain DeFi platform offering collateralized loans and stablecoins to users of major crypto assets (BTC, XRP, BNB, ATOM, etc.). It is supported by over 100+ business entities around the world. This includes prominent crypto funds and major crypto projects like Ripple and Cosmos. We would like to think of Kava as a MakerDAO for interoperable chain Cosmos. This makes KAVA a strong contender in the next big cryptocurrency race.

BONUS
11. Kusama

An early unaudited canary net, basically a more valuable or value-based testnet for the Polkadot Network. This network is to get upgrades prior to Polkadot. So while Polkadot remains a more conservative network, Kusama becomes a more progressive and early to test network.

It remains to be seen if it will get more value than existing testnets. It would be an interesting experiment to see how much value it is able to attain over time.

To sum it up

Generally, there are two prime reasons for that trigger the alt season:

  • when ETH performs strongly against the U.S. dollar.
  • when the developments are complete and the products are rolling out.

Apart from a strong recovery, we also see new products, protocol updates, partnerships, and acquisitions fueling the price. According to the current sentiment ETH, BNB, ATOM, MCO, KAVA, XZC, XTZ, Harmony ONE, CHZ, and ICX are possibly the best cryptocurrencies to invest in now.

Are there any more coins that are worthy enough to make it to our “Top 10” list? Do let us know in the comment section below.


The article has been co-authored by Deepika Garg.

Disclaimer

The information discussed by Altcoin Buzz is not financial advice. This is for educational and informational purposes only. Any information or strategies are thoughts and opinions relevant to accepted levels of risk tolerance of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided.

Do your own due diligence and rating before making any investments and consult your financial advisor. The researched information presented we believe to be correct and accurate however there is no guarantee or warranty as to the accuracy, timeliness, completeness. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd. All rights reserved.

(Excerpt) Read more Here | 2020-07-14 22:22:10
Image credit: source

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