“Impossible” to Shut Down: Ark Invest’s CEO Sees Emerging Market Central Banks Accumulating Bitcoin

“Impossible” to Shut Crypto Down: Ark Invest’s Cathie Wood Sees Emerging Market Central Banks Accumulating Bitcoin

She expects regulators to be “more friendly over time” while expanding her focus to include Ethereum and expects central banks to do that with BTC and other currencies.

Cathie Wood of Ark Investment shrugged any worries of harsher regulations as the cryptocurrency is “already on its way, and it’ll be impossible to shut it down.”

In fact, regulators “will be a little more friendly over time” toward cryptocurrencies out of fear of missing out (FOMO) on the innovation provided by the sector, Wood said at the Consensus 2021 conference organized by CoinDesk.

Talking about the environmental concerns, Wood said, “Half of the solution is understanding the problem.”

“This auditing of what miners, certainly in North America, are willing to do around how much of their electricity usage is generated by renewables is going to bring that topic into stark relief, and will encourage an acceleration in the adoption of renewables beyond which otherwise would have taken the place.”

This could also make the solar industry more attractive, she said. Ark doesn’t invest in solar stocks because it isn’t clear if the industry could be profitable in the next five years without subsidies, but “this dynamic might change that. So I’m actually quite excited about it,” Wood added.

Ark Investment Management published a report last month saying Bitcoin mining can drive investment in solar power and make more renewable energy available to the grid.

Expanding the Focus

During the recent sell-off that sent BTC prices crashing just over 53%, as we reported, a record amount of outflows from bitcoin funds were recorded, though it was only 0.2% of the assets under management.

Wood said the focus on green factors likely led to a pause in institutional buying of Bitcoin.

A crypto bull, Wood recently said that she is confident of her Bitcoin price prediction of $500,000.

As we reported, Ark is moving beyond Bitcoin; in the quarter of 2021, Ark bought Grayscale Ethereum Trust (ETHE) shares as well as the second-largest cryptocurrency gaining traction. She is already heavily invested in Coinabase’s COIN shares.

Ark has now hired an Ether miner on its analyst team as part of an expanding focus on cryptocurrencies, said Wood while predicting that deflation will push the value of bitcoin up by putting pressure on the currencies of emerging market countries that are commodity-dependent.

“I wouldn’t be surprised if some of these emerging market central banks start accumulating Bitcoin and other currencies because if they know their currencies are going down … they will be under attack as reserves go down.”

As for the stock market woes, concerns about higher US capital gain taxes are hurting “high-volatility, high-multiple stocks,” she said.

Wood, whose Ark Innovation ETF was the best-performing US equity fund in 2020 for her outsized bets on stocks that thrived during the pandemic, has her flagship fund down nearly 30% from its peak in early February.

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Author: AnTy

Tala Partners With VISA To Drive USDC Adoption in Emerging Markets

Tala Partners With VISA To Drive USDC Adoption in Emerging Markets

Digital Financial services provider Tala has collaborated with VISA to make it easier for consumers to store, and use cryptocurrencies on a daily basis with USD Coin (USDC).

The collaboration will also involve Circle, the company behind USDC, and the Stellar Development Foundation that oversees the XLM cryptocurrency.

Tala Taps VISA For USDC Payments

According to a statement released by Tala, the fintech firm will provide access to USDC via its digital wallet.

The partnership with VISA will enable Tala to issue VISA cards linked to the wallet, thereby enabling customers to use their USDC balances anywhere they are in the world.

Tala’s mission of banking the unbanked will be aided through this partnership.

USDC is a stablecoin backed by the US dollar and governed by the Centre Consortium. It’s currently supported on the Ethereum, Algorand, Solana, and Stellar blockchains.

USDC 0.00% USD Coin / USD USDCUSD $ 1.00
$0.000.00%
Volume 2.21 b Change $0.00 Open $1.00 Circulating 14.38 b Market Cap 14.38 b
8 h Tala Partners With VISA To Drive USDC Adoption in Emerging Markets 1 d Solana Hits its First $1 Billion Milestone in Total Value Locked (TVL) 2 d Both Coinbase.com and Pro Now Support USDT, “Making Arbitrage Across Exchanges Faster”
ETH -1.11% Ethereum / USD ETHUSD $ 3,488.63
-$38.72-1.11%
Volume 44.11 b Change -$38.72 Open $3,488.63 Circulating 115.77 m Market Cap 403.87 b
8 h Tala Partners With VISA To Drive USDC Adoption in Emerging Markets 9 h Bitcoin Dominance on a Decline for 8 Weeks Straight to Hit Three-Year Low 10 h Uniswap V3 Recording $265M in Liquidity and $70M in Volume After Going Live on the Ethereum Mainnet
ALGO 7.31% Algorand / USD ALGOUSD $ 1.55
$0.117.31%
Volume 518.51 m Change $0.11 Open $1.55 Circulating 2.98 b Market Cap 4.62 b
8 h Tala Partners With VISA To Drive USDC Adoption in Emerging Markets 1 w Tether’s Controversial Stablecoin, USDT, Is Launching on Coinbase Next Week 4 w Balancer Labs Has ‘Zero’ Involvement in Algorand; V2 Launch is the Sole Focus
SOL -3.45% Solana / USD SOLUSD $ 43.33
-$1.49-3.45%
Volume 390.86 m Change -$1.49 Open $43.33 Circulating 272.64 m Market Cap 11.81 b
8 h Tala Partners With VISA To Drive USDC Adoption in Emerging Markets 1 d Raydium (RAY) Alone Accounts for Nearly 90% of Solana Ecosystem’s TVL 1 d Binance Smart Chain (BSC) Is Feeling the Pressure of the Heightened Network Demand
XLM 6.11% Stellar / USD XLMUSD $ 0.65
$0.046.11%
Volume 4.8 b Change $0.04 Open $0.65 Circulating 23.04 b Market Cap 14.95 b
8 h Tala Partners With VISA To Drive USDC Adoption in Emerging Markets 3 d Due to Increased Demand, Social Trading Platform Firm eToro Now Supports DOGE 1 w Crypto ETP Issuer 21Shares Rolls Out Stellar And Cardano ETPs On Swiss SIX Exchange

Speaking on the new partnership, Shivani Siroya, Tala’s CEO and founder, said digital currencies have tremendous potential to open financial access and put more control directly into the hands of underbanked and underestimated people. Siroya said excitedly,

“We couldn’t be more excited that Visa, Circle, and the Stellar Development Foundation share our vision and want to work on a solution, not only for Tala’s six million global customers but for the billions more who can benefit.”

VISA’s crypto involvement has largely centered around Circle and its USD coin over the past few months.

In December, the credit card company partnered with Circle to drive USDC adoption into VISA’s network of digital wallets. The partnership saw VISA work with Circle to enable customers to send and receive USDC payments to businesses supported by VISA.

Founded in 2011, Tala is a California-based lending platform that has provided over $2 billion in credit to over 6 million customers in countries such as Mexico, the Philippines, Kenya, and India in the form of micro-loans.

The fintech company is focused on emerging markets and provides instant credit scoring, lending, and other personalized financial services all through its smartphone app, Tala.

The company raised over $200 million in funding, including a $110 million Series D in August 2019, from PayPal Ventures, RPS Ventures, and GGV Capital.

The partnership marks the first major crypto project for Tala, which recently expanded its product suite to provide a fuller scope of financial services to consumers in developing economies.

Stirring Stablecoin Use In Emerging Markets

Having seen the advent of cryptocurrencies being used for payments, especially Bitcoin, which an increasing number of companies has supported, it seems companies have also realized that there is a clear need for Stablecoin payments on blockchains as well. BTC -2.01% Bitcoin / USD BTCUSD $ 56,348.78
-$1,132.61-2.01%
Volume 69.3 b Change -$1,132.61 Open $56,348.78 Circulating 18.7 m Market Cap 1.05 t
7 h Georgia’s Apex Bank Considers CBDC, Calls For Partnerships 8 h Tala Partners With VISA To Drive USDC Adoption in Emerging Markets 9 h Bitcoin Dominance on a Decline for 8 Weeks Straight to Hit Three-Year Low

Some have argued that Bitcoin is too volatile to be used for payments. And with this, stablecoins are sought after since they help protect against currency fluctuations and foreign exchange (FX) conversion fees in international transactions.

Stablecoins brings the alternative of value-added risk management, cash management, onboarding, and more that are consolidated with existing fiat currency services.

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Author: Jimmy Aki

Blockchain Interoperability Takes A Step Forward This Week As New Cross-Chain Solutions Launch

Blockchain interoperability has been one of the fundamental research and development areas in this emerging tech. Well, the efforts by developers to solve this shortcoming seem to be paying off with multiple projects set to launch interoperability protocols as soon as this week.

The blockchain industry players that plan on launching their cross-chain solutions include Switcheo, Neo (NEO), and Ontology (Ont); the three have been working collaboratively towards an initiative dubbed the Poly Network ‘heterogeneous interoperability protocol alliance’. Another project set to debut is the Rainbow Bridge by Near Protocol, the innovation connects Near and Ethereum blockchains.

The Value Proposition in Blockchain Interoperability

The developments from these three will play an essential role as blockchain becomes widely adopted. Pioneer blockchain ecosystems had not integrated the aspect of collaboration based on data sharing between platforms, a function that is undoubtedly important in today’s globalized world.

Maksym Zavershynskyi, Near’s engineering manager, highlighted that a shift to cross-chains would not only enable broader blockchain communication but scale development opportunities as well:

“we want to freely move our assets and data between blockchains, or even better — run our product on several blockchains at the same time and leverage each of them.”

While Ontology was already connected to Ethereum via cross-chain functionality, the new interoperability solution under Poly Network will further increase the platforms with which both blockchains can relay data.

Ontology’s co-founder, Andy Ji who believes interoperability is becoming fundamental as blockchain innovators and big corporates shift from a siloed working approach, highlighted that:

“Now, through Poly Network, an enterprise leveraging the Ontology blockchain will be able to seamlessly interact with an enterprise leveraging Ethereum, Cosmos, or Neo, helping these platforms overcome challenges to scalability, mainstream adoption, and collaboration.”

Other projects that have been launched to solve similar challenges include Enjin’s bridge, which enables the platform’s ERC-1155 to be compatible with Hyperledger blockchain. Last but not least is Thorchain; this decentralized cross-chain facilitates the transfer of USDT, ETH, and BTC amongst other digital assets, hence acting as a liquidity blockchain network.

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Author: Edwin Munyui

Can RippleNet Cloud be a Game Changer for Post-COVID Banks and Financial Institutions?

The COVID-19 pandemic has undoubtedly increased the adoption of emerging technologies. Since the world was challenged by this virus, innovations by the FinTech community ranging from blockchain tech to cloud infrastructure have been accelerated. A company like Ripple, prominent for its blockchain built cross-border payment solutions, is now touting its cloud services as well, RippleNet Cloud.

As tech evolved, it became evident that existing on-premises infrastructure is in fact a huge cost in today’s business world. This is because of the underlying operations in staffing, maintenance, and migration to new systems. Therefore, cloud solutions are slowly taking over starting with tech giants like Microsoft and IBM who are among the largest service providers in this niche. However, financial institutions led by banks are still skeptical of moving their systems to cloud platforms given the sensitivity of clients’ data.

RippleNet Cloud

While cloud services may seem a concept of the future, their value proposition beats existing on-premises that are outdated, expensive to maintain, and inflexible. According to recent a publication on Ripple Insights, cloud services are now considered essential for the going concern of businesses post-COVID.

“Now, cloud-based technologies are considered essential to any business wishing to survive the pandemic—and keep up with rapidly changing consumer demands.”

Ripple’s cloud-based solution has since been hailed as a game-changer for banking ecosystems. Basically, the firm provides a platform for businesses to interact seamlessly on RippleNet via a common Ripple Payment Object (RPO). Compared to on-premises, clients on RippleNet can go live five weeks faster while cutting the costs attributed to staffing and hardware requisition.

In addition, RippleNet Cloud provides financial institutions the option to leverage on-demand liquidity for their settlements. Notably, clients also don’t have to stress with upgrades as they are handled with Ripple’s team. Given these underlying factors, RippleNet has attracted a number of prominent financial service providers including MoneyGram and India-based, Federal Bank.

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Author: Edwin Munyui

Sony’s BCDB Uses Blockchain Technology for Mobility as a Service (MaaS)

Blockchain technology has emerged as one of the most sought after emerging technology in recent times. Even though cryptocurrencies that brought the technology to the forefront is looked with scrutiny in many countries and industries, Blockchain has unanimously managed to impress one and all. Both the veteran and established tech players, as well as emerging startups, are actively investing in the technology to find new use cases daily.

Sony is one such tech firm that has been working on a blockchain-based data accumulation system for the transportation industry. According to an announcement made on 23rd May, the new blockchain-based system would integrate system and provisions across various modes of transportation be it trains, cabs, buses, rental vehicles, and many more.

The news system called Mobility as a Service (MaaS) would import data from all the types of transportation and provide the consumer with various levels of info like optimal routes for their desired commute, cost-effective service to reach the destination or the safest route to carry the commute.

The MaaS system aims to become a universal transportation solution and replace dozens of applications on user devices where they need to install a specific application for a specific mode of transportation.

MaaS Can Process 7 Million Users Data Per Day

Sony’s MaaS Blockchain system makes use of a new database developed by Sony themselves called Blockchain Common Database (BCBD) which enables MaaS to process 7 million users data per day including their anonymous travel history and revenue allocations. Sony also revealed that the MaaS is the only project which has been chosen by the Netherlands Ministry of Infrastructure and Water Management last year after they appealed to firms to develop a blockchain-based solution.

Sony also revealed that the BCDB database won’t be limited to just MaaS and can be utilized for a number of purposes in smart cities. These smart cities need these kinds of transparent data to feed a network of large scale sensors.

Sony is also working on a number of other blockchain ventures which include a hardware wallet technology for storing and securing digital assets, blockchain-based digital content rights management (DRM), and many more projects in the pipeline.

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Author: James W

World Bank Report Illustrates The Potential of Blockchain In Bid For Financial Inclusion

  • The recently released World Bank’s dossier has highlighted various concepts on emerging Technology i.e. Blockchain.
  • This was an extension of the PAFI 2016 report also by world Bank that in length touched on DLT’s, stablecoins and CBDCs.
  • There also seems to be a consensus that Stablecoins have sped up the process for CBDCs.

Emerging technologies like Blockchain have sent Financial Institutions into a frenzy to try and adopt them lest they get left behind.

These same entities have tried to integrate their legacy-ridden payment systems in a bid to achieve seamless operations. The World Bank has recently released a dossier which seems to indicate that they share the same sentiment that Blockchain is, indeed, ready for financial inclusion.

The 70-page report titled – “Payment aspects of financial inclusion in the fintech era” -released by The Bank of International Settlements (BIS) has highlighted various underlying crypto and blockchain services such as Stablecoins as well as CBDCs.

The dossier Emphasizes how the accelerated pace of innovation has resulted in the “Era of Fintech.” But this has not come without its challenges.

“However, it is not a panacea and there are risks that need to be managed”

An Extension of the 2016 PAFI Report

The report seems to be an extension of the 2016 report – Payment aspects of financial inclusion (PAFI) – which was the brainchild of the joint study of the World Bank and Committee on Payments and Market Infrastructures (CPMI).

The more recent BIS study aligns with the PAFI report into a much modern scenario to include Blockchain concepts.

In the report, the World Bank outlined combining Distributed Ledger Tech (DLT’s), stablecoins, CBDCs and payment systems with cutting edge technologies such as Big Data analysis and cloud computing.

This idea was summed up by the PAFI Fintech wheel, highlighting various milestones that may be instrumental to payment aspects of financial inclusion.

Role of Stablecoins in CBDCs Rush

Citing Libra, the World Bank was able to show that stablecoins had indeed spooked Central Banks, resulting in a CBDC rat race. Mostly because they want control over cross border payments. However, none of these CBDCs have since gone live (yet).

There are concerns, as a recent BIS study reveals, that none of the CBDC projects scope really zero in on cross border payments.

This lack of precision is in spite of several central banks touting their CBDC’s as solutions to faster, cheaper and more secure cross border payments.

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Author: Lujan Odera

Top 20 Best Cryptocurrencies in 2020: Which Coins to Watch For This Decade

As the new decade dawns upon the emerging digital asset economy, it’s important to analyze the current cryptocurrency market landscape and find out which are the top altcoins and tokens are worth keeping an eye on in 2020 and beyond.

It is no surprise that throughout 2019, the crypto sector gained a lot of mainstream traction, with many new investors entering this space thanks to Bitcoin’s amazing recovery which saw the premier crypto asset soar to a price point of around $14,000. Not only that, but a whole host of experts are also of the opinion that 2020 could see this burgeoning market space scale up to new heights, with many premier digital currencies like ETH, BCH, BTC crossing their previous ATH values this year.

While Bitcoin (BTC) is an obvious choice to kick things off with our list of the best cryptocurrencies to pay attention to in 2020, there are other emerging coins and blockchain token projects worthy of keeping tabs on as the world begins its transition into the digital value transfer economy.

Top 20 Cryptos that You Should Consider Investing in

In this article, we will look at some of the best crypto investment options of 2020. So without any further ado, let’s jump straight into the heart of the matter.

BITCOIN (BTC)

Even today there is absolutely no doubt in anyone’s mind that BTC is by far the most lucrative crypto asset in the market. To put things into perspective, the flagship digital currency currently accounts for more than 60% of the global crypto market share. If that wasn’t enough, anytime the currency experiences any sort of volatility, the rest of the market tends to follow suit.

In terms of its financial potential, Bitcoin is still considered by many as being the perfect investment avenue for novices as well as seasoned investors. Not only is the asset tried and tested, but its infrastructure has grown leaps and bounds over the past decade or so as a result of which many pundits (including everyone’s favorite crypto believer John McAfee) believe that BTC will most likely hit a value threshold of $100,000 by the end of 2020.

  • All-time High (ATH) Value: $19,892
  • Market Debut: 2009
  • 2019 High: $13,793
  • 2019 Low: $3,459

ETHEREUM (ETH)

As many of our readers are probably aware of, after BTC, Ethereum (ETH) is the world’s second-largest cryptocurrency by total market capitalization. The asset was launched back in 2015 and over years it has risen to become one of the most sought after digital currencies in the market. In regards to what makes ETH different from its closest rivals, it can be seen that the currency makes use of a framework that is meant to support several novel decentralized apps that have been built atop the Ethereum blockchain.

As a result of its amazing dApp capabilities, the Ethereum ecosystem can offer its users with a host of amazing features such as:

  • Seamless decentralized governance
  • Smart contract utilization

Last but not least, Ethereum currently boasts of having one of the most active developer communities in the world. As a result of this, many finance experts believe that the currency is destined for big things in 2020.

  • All-time High (ATH) Value: $1396
  • Market Debut: 2015
  • 2019 High: $$345
  • 2019 Low: $103.2

RIPPLE (XRP)

XRP is another digital currency that has become extremely popular since its release back in 2012. From a technical standpoint, it bears mentioning that the premier cryptocurrency plays an important role in facilitating the transactions taking place within the Ripple ecosystem. In this regard, Ripple can essentially be viewed as a private financial services platform that offers its users with a host of amazing products including:

  • XRapid
  • xCurrent
  • RippleNET

As of 2019, Ripple’s various services are being made use of by a large number of established banking institutions all around the world including Santander, Standard Charter, Cuallix, etc. This is primarily because Ripple and XRP have allowed these mainstream players to facilitate their international, cross-border transactions in a seamless, hassle-free manner (that too at a fraction of the cost that they previously had to pay when making use of the SWIFT network).

Last but not least, XRP is currently the third-largest cryptocurrency available today in terms of its overall market capitalization. However, a couple of years back, it was able to dethrone ETH for the second spot but was unable to maintain its financial dominance for more than a few days.

  • All-time High (ATH) Value: $3
  • Market Debut: 2012
  • 2019 High: $0.48
  • 2019 Low: $0.25

DIGIBYTE (DGB)

Even though a lot of causal crypto enthusiasts may not have heard of DigiByte (DGB), the cryptocurrency is touted to be one of the most promising financial prospects of 2020. Founded in 2014 by Jared Tate, what makes Digibyte so unique is the fact that it is completely decentralized and offers tx speeds that are much higher than many of its digital counterparts. For example, it is nearly 40 times faster when compared to BTC because of its amazing block times.

Technically speaking, Digibyte was the first blockchain platform to successfully implement the Segregated Witness (SegWit) protocol that allows tx confirmation data to be maintained separately from their associated block info. This allows Digibyte to process transactions at an extremely high rate without compromising on the security side of things (even in the slightest). The ultimate goal of DigiByte is to create a global payment system accessible to people around the world.

  • All-time High (ATH) Value: $0.128
  • Market Debut: February 2014
  • 2019 High: $0.016
  • 2019 Low: $0.0052

LITECOIN (LTC)

Launched just a few years after Bitcoin, Litecoin (LTC) was initially intended to be a less resource-intensive version of Bitcoin. With that in mind, it bears mentioning that LTC’s core coding structure is pretty much the same as Bitcoin, except for a few tweaks here and there. As things stand, the currency offers block times that are nearly 4 times faster than what Bitcoin currently offers. Additionally, LTCs total token supply is 4 times as big as that of BTC.

Lastly, back in 2018 LTCs creator, Charlie Lee sold all of his LTC tokens, sparking fears that the project may become worthless overnight. However, as we all know now, Litecoin has only grown in strength since then with many experts claiming that the currency is destined for great things in 2020. Only time will tell what the future has in store for the premier cryptocurrency.

  • All-time High (ATH) Value: $363.60
  • Market Debut: April 2013
  • 2019 High: $141.70
  • 2019 Low: $30.70

MAKER (MKR)

Maker (MKR) is the digital token that is used to facilitate all of the transactions taking place within the Maker digital ecosystem. What makes MKR unique is its limited market supply of around 1 million tokens as well as the fact that it can serve as as a smart contract platform that backs and stabilizes the value of the stablecoin DAI using niche concepts such as:

  • Collateralized debt positions (CDPs)
  • Autonomous feedback mechanisms
  • Incentivized external actors.

Additionally, it also bears pointing out that MKR tokens are not only used to pay transaction fees within the Maker ecosystem but they also equip holders with voting rights to help maintain the decentralized balancing mechanism of the system.

  • All-time High Value (ATH): $1,687.86
  • Market Debut: January 2017
  • 2019 High: $784.54
  • 2019 Low: $367.01

BINANCE COIN (BNB)

On paper, Binance Coin (BNB) appears to be the most successful digital currency ever released by a cryptocurrency exchange. For starters, BNB has been trading well above the $15 mark for more than six months now despite the market at large being faced with insane bearish conditions all through 2019. Additionally, many pundits believe that as long as Binance continues to do well as an exchange, the BNB token will continue to possess considerable value.

Lastly, it should also be highlighted that while many people view BNB as an excellent investment channel, there are also those people who employ BNB because they regularly trade high volumes on Binance and want to cut down on their peripheral costs (such as tx fees, gas fees, etc).

  • All-time High (ATH) Value: :$39.10
  • Market Debut: July 2017
  • 2019 High: $39.08
  • 2019 Low: $5.90

CARDANO (ADA)

Cardano (ADA) is the brainchild of Ethereum co-founder Charles Hoskinson. On paper, it seems to share a lot of similarities with Ether. For example, it allows users to construct novel dApps and smart contracts. However, upon closer inspection, one can see that Cardano and the ADA token are designed to help resolve many of the interoperability and scalability-related problems that are plaguing the crypto world today.

To be a bit more specific, the development team behind Cardano is especially focused on maximizing the efficiency of the international payments market by cutting down many of the time and fee-related issues currently facing this burgeoning domain.

  • All-time High (ATH) Value: $1.26
  • Market Debut: October 2017
  • 2019 High:$1.01
  • 2019 Low: $0.03

CHAINLINK (LINK)

The name Chainlink (LINK) has become extremely popular throughout 2019 amongst crypto enthusiasts all over the world, because when the market at large was struggling to find its feet due to all of the bearish pressure being faced by this sector, LINK continued to surge and grow.

In its most basic sense, LINK can be thought of as an Ethereum token that is used to drive Chainlink’s native decentralized oracle network. Owing to the use of its novel framework, the platform can deploy ETH smart contracts, to connect with several external APIs and payment systems. Not only that, but Chainlink also has the unique ability to transfer information in/out of the native blockchain in a manner that is highly secure, trustworthy, and decentralized.

  • All-time High Value: $4.07
  • Market Debut: September 2017
  • 2019 High: $4.07
  • 2019 Low: $0.298

CRYPTERIUM (CRPT)

Even though the name Crypterium might not be that popular amongst crypto enthusiasts globally, the currency has shown a lot of potential in 2019. In its essence, it is an Ether-based token that serves to power all of the native transactions associated with the Crypterium Wallet.

However, one of the most interesting facets of Crypterium is that 0.5% of every transaction fee associated with the platform is used to burn CRPT tokens, which essentially drops the total token supply volume in the long run (a feature that might prove to be extremely valuable for investors later down the line).

  • All-time High Value: $2.51
  • Market Debut: January 2018
  • 2019 High: $0.709
  • 2019 Low: $0.095

0X (ZRX)

Technically put, we can see that 0x (ZRX) is a permissionless protocol that provides developers with a foundation using which they can create their very own DEXs (decentralized exchanges). Not only that, from a purely operational standpoint, 0x makes use of off-chain transaction relayers and Ethereum smart contracts to eliminate many of the issues plaguing this niche market space.

The ZRX token essentially serves as the fundamental payment unit that drives the 0X protocol. Additionally, it is also used for governance related purposes (especially when network upgrades need to be implemented). Looking ahead at the currency’s financial potential for the year 2020, many experts are hopeful that the token will perform quite well this year.

  • All-time High Value: $2.47
  • Market Debut: August 2017
  • 2019 High: $0.379
  • 2019 Low: $0.15

EOS (EOS)

EOS is a cryptocurrency that was created by Dan Larimer, a world-renowned developer and crypto pioneer, back in 2018. The project first came to the attention of the masses when its associated ICO successfully was able to raise a whopping sum of $4 Billion from investors spread out across the globe.

What makes EOS so unique is the fact that it makes use of a novel consensus mechanism called the delegated POS (proof of stake mechanism) that not many other currencies currently employ. Not only that, the platform does not make use of a fixed mining protocol, instead, block producers are rewarded for generating blocks based on their overall efficiency.

From its very inception, EOS has continued to grow in popularity and since the start of 2020, the currency has been trading around the $2.70 mark.

  • All-time High (ATH) Value: $23
  • Market Debut: July 2017
  • 2019 High: $8.28
  • 2019 Low: $2.35

STELLAR (XLM)

Launched in 2014, Stellar seeks to provide crypto enthusiasts all over the world with a super-fast cross-border payment system that is easy to use as well as transparent in nature. Also worth mentioning is the fact that back in 2014, XLM was trading for almost nothing, however, by the end of 2018, the currency’s value had risen to a whopping $0.94. Heading into 2020, XLM is priced at around $0.06. And even though the platform continues to face increasing competition, many experts are confident that good things lay ahead for the Stellar ecosystem over the coming few months.

  • All-time High (ATH) Value: $0.94
  • Market Debut: August 2014
  • 2019 High: $0.14
  • 2019 Low: $0.044

BASIC ATTENTION TOKEN (BAT)

Basic Attention Token (BAT) is by far one of the most interesting cryptos in the market today. This is because it is an ETH-based token that functions as the underlying fuel for Brave browser’s blockchain-based digital advertising platform.

For those of our readers who may not be aware of what Brave is, it is the world’s only web browsing app that pays users for their surfing activities. Users are given a certain amount of BAT tokens for all of the ads they view on the browser.

  • All-time High (ATH) Value: $0.88
  • Market Debut: June 2017
  • 2019 High: $0.449
  • 2019 Low: $0.105

KYBER NETWORK CRYSTAL (KNC)

The Kyber Network Crystal (KNC) is a cryptocurrency that provides its users with the option of facilitating instant token swaps, Additionally, it should also be remembered that the Kyber network serves as a decentralized, peer-to-peer crypto-asset exchange that makes use of a dynamic reserve pool, that allows the system to maintain its overall liquidity in a highly seamless manner. Lastly, much like Crypterium, the Kyber network too makes use of a deflationary model to minimize its liquidity issues.

  • All-time High (ATH) Value: $5.27
  • Market Debut: September 2017
  • 2019 High: $0.323
  • 2019 Low: $0.11

CRYPTO.COM (MCO)

As many of our readers may be well aware of MCO as a popular digital token that is being used by crypto enthusiasts around the world to gain access to a wide range of products and services. Some of the core selling points of the platform include:

  • MCO Visa cards
  • An MCO wallet
  • Portfolio building services

Additionally, through the use of MCO Visa cards, users can reap several unique benefits such as cashback offers on Airbnb and Expedia bookings as well as 100% rebates on their Spotify and Netflix subscription plans.

  • All-time High (ATH) Value: $21.71
  • Market Debut: July 2017
  • 2019 High: $7.39
  • 2019 Low: $1,89

RIPIO CREDIT NETWORK (RCN)

Even though the overall market capitalization of RCN is quite low at the moment, many experts believe that the currency is destined to break out in 2020. This is because the Ripio Credit Network provides investors/crypto enthusiasts access to a global credit network that is transparent and can connect them with various lenders, borrowers, and loan originators (without the use of a middleman).

If the project can garner the traction that many experts believe it will, it should not be surprising to see RCNs value soar to new heights within the next couple of months.

  • All-time High (ATH) Value: $0.466
  • Market Debut: October 2017
  • 2019 High: $0.056
  • 2019 Low: $0.010

TIERION (TNT)

TNT is an ETH-based token that is used for verification-related matters within the Tirion ecosystem. For those of our readers who may not be aware of what Tierion is, it is a platform that allows crypto enthusiasts/developers to make use of the system’s native blockchain for a host of different data verification purposes.

As things stand, it is estimated that Tierion is compatible with a total of 500+ apps that are designed for the verification of on-chain data. In this regard, as the number of supported apps continues to increase, it would not be surprising to see the value of TNT soar and grow.

  • All-time High (ATH) Value: $0.34
  • Market Debut: August 2017
  • 2019 High: $0.084
  • 2019 Low: $0.011

DECRED (DCR)

In its most basic sense, Decred (DCR) is a fork of BTC that is completely open-source based and lays great importance on things like on-chain governance. To be a bit more specific, the platform seeks to rectify many of the issues that are currently facing the Bitcoin network to create a digital asset that is truly decentralized and autonomous.

As per several reports circulating on the internet, it is being rumored that in 2020 Decred will deploy an innovative hybrid proof of work (PoW) and proof of stake (PoS) consensus voting system to fight global censorship that is currently affecting a large number of people all over the world.

  • All-time High (ATH) Value: $117.76
  • Market Debut: February 2016
  • 2019 High: $35.91
  • 2019 Low: $12.99

BITCOIN CASH (BCH)

One of the largest cryptocurrencies by total market capitalization today, Bitcoin Cash (BCH) came into existence back in 2017 after several key personnel associated with the BTC ecosystem started to have differences of opinion regarding the currency’s block size limits. As things stand, while BTC is primarily viewed as a store of value, BCH is marketed more like an everyday payment currency.

Additionally, it also bears mentioning that back in November 2018, BCH underwent a hard fork that saw the creation of Bitcoin Cash (BCH) and Bitcoin Satoshi’s Vision (BSV).

  • All-time High (ATH) Value: $3,764
  • Market Debut: July 2017
  • 2019 High: $508
  • 2019 Low: $118.57

Top 20 CryptoAssets Recap

The world of bitcoin, cryptocurrency and blockchain is happening fast. While some want the bitcoin price to moon before, during and after the bitcoin halving, there are many coins, tokens and blockchain projects that are worthy of growing into major players in the 20’s decade.

While BitcoinExchangeGuide covers all trending news and updates, and remains unbiased towards which coins, tokens and cryptoassets covered in our daily cycle of announcements and events, these digital assets stand out as ones we are recommending everyone keep a close eye on as they have real people, real visions and real momentum to withstand the ups and downs of the crypto market and stand the test of time as the world welcomes the blockchain-based era of finance.

These 20 coins are the most prominent virtual currencies to start the new decade and hold further promise that all bitcoiners and crypto enthusiasts should watch out for in 2020. Special shoutout to the resources, industry and experts who helped weigh in on which are the best cryptos to keep an eye out for this year.

Leave comments and feedback below about which coins should be added or shouldn’t make the list of potential catalysts in the 20’s decade.

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Author: Andrew Tuts