2020 Crypto Market Prediction – Cryptos to Watch Out For

Although some new players were introduced to the battle field in form of Binance Coin (BNB), Tezos (XTZ) and Chainlink (LINK), that outperformed …

It would be fair to say that this year has been the continuation of bear market for almost all of the altcoins. Although some new players were introduced to the battle field in form of Binance Coin (BNB), Tezos (XTZ) and Chainlink (LINK), that outperformed every digital asset even the ‘Crypto Goliath’, bitcoin. But just before we look ahead and predict the course of the crypto market as we take a dive into a new decade, it would not be fair to overlook the path crypto market took in 2019.

Crypto Market 2019 Journey

Bitcoin started 2019 with a marketcap of $66.3 billion and was lurking around $3800. Currently, the most sought after digital asset is valued at $7,381 with a market cap of $133.8 billion. Since bitcoin gained an impressive 95% in 2019…

Crypto Market 2019 Journey

On the other hand, altcoins crypto winter continued and the assets plunged to extreme lows. The second largest crypto by marketcap Ethereum suffered once again this year and the digital asset will step in 2020 at the same place where it started 2019 and that is around $130. In July 2019, Ethereum peaked at $350 but the digital asset slipped back to where it started the year.

Ripple (XRP), the cross border transfer token is the worst performer in the crypto arena of 2019. The digital asset stands where it stood 2 years ago! Once considered the crypto rock star (which is indeed debatable), XRP lost almost 95% from its all-time high.

On the other hand Litecoin (LTC) had quite a roller coaster ride in 2019. Regarded as the ‘Digital Silver’ (with bitcoin being the Digital Gold), the crypto asset is lurking around $43 and is back where it started the year. The crypto asset experienced ‘Halving’, where the reward for crypto miners was halved to keep a check on inflation, and its price surged to $145 but that was sadly the only highlight for LTC in 2019.

Stellar (XLM) shared the same fate as XRP in 2019 as the crypto lost almost 60% and stretched its bear run to 2 years now. Other top cryptos like TRON, EOS, Cardano, Monero and bitcoin’s fork Bitcoin SV more or less will finish the year same as where they all started.

Cryptos to Look Out for In 2020

Binance Coin (BNB) was undoubtedly the highest performing digital asset for 2019. BNB, a utility token from one the world’s largest crypto exchange experienced a price surge of 560% in the first half of the year. Analysts suggested that the performance of the token can be attributed to the fact that Binance was open and transparent about $41.5 million bitcoin hack.

The company informed its investors as soon as they assessed the damage done by the attack. Just days after the attack, CEO and founder Changpeng Zhao held an Ask-Me-Anything session on reddit. On the other hand Binance launchpad IEO’s produced more than 600% returns as the exchange took most of the limelight in 2019.

Tezos was the other performer of 2019 with a surge of 185% since January 1st. Major exchanges offering staking rewards has driven XTZ prices making it one of the best performing altcoins of the year.

Ever since Facebook announced its Libra crypto, the crypto market was much hyped and a buzz but regulators came hard on Libra and hearings at Capitol Hill have immensely put the project in jeopardy.

While talking to Bloomberg, Blockchain Capital General Partner, Spencer Bogart gave an insight to survey conducted by his company he said;

“There are two factors to the halving represents a shelling point. There is a significant sum of capital that is in that position. we run a survey every 18 months that surveys more than 2000 american adults.

One of the things we ask is kind of questioning their conviction. We ask, what extent do you agree or disagree that most people will be using bitcoin within the next 10 years. In the spring of 2019 when we asked this, 33 percent of people and 43% of those 18 to 34 said they somewhat or strongly agree. We also asked them about their propensity to purchase. How likely are you to buy bitcoin in the next five years? 33% of those 18 to 34 said they are very or somewhat likely to buy in the next five years.

People are relatively indifferent as to whether they purchase today or tomorrow. It drives more purchasing. importantly, this reflexive feedback loop drives the bitcoin market where rising price drives more infrastructure, more computing power secure in the network. All of which feeds into a rising price”

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Technology And Society: Can Marketing Save The World?

Few administrations and a handful of companies are charting the road of post-quantum encryption. The U.S. is one of those. The National Institute of …

PHOTO

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In 1991, Stuart Haber and Scott Stornetta worked to develop uncrackable encrypted stacks of blocks, creating a database nobody could tamper with. At that time, they likely could not have imagined this technology would become the foundation of blockchain. Blockchain was born after Satoshi Nakamoto’s paper in 2008 about cryptocurrency that unraveled the many more applications this technology could have.

The foremost practical benefit of blockchain, in any application, is that of taking away reliability from humans and putting it into machines. It is the ultimate automated trust it generates through an uncrackable system of collaborating computers that creates encrypted blocks that guarantee the security and authenticity of any transaction or interaction, avoiding data bridges and human intermediation

In the last 10 years, we’ve seen the birth of several initiatives and organizations that are attempting to make the most out of this technology. It seems we are on the verge of a revolution that will change our lives in much the same way personal computers did throughout the last 30 years.

While it seems clear the value this technology may bring, we tend to forget that most technologies used today are data-driven, running over binary systems. Blockchain, artificial intelligence (AI), the internet of things (IoT), industry 4.0, autonomous vehicles and most of the amazing achievements of the last 50 years are based on this type of computing. What would happen if these types of binary systems became obsolete?

Change Is The Only Constant

With the technology we have today, cracking current encryptions that guarantee cryptocurrency security through blockchain is not an easy feat. That is what makes blockchain a safe place to authenticate transactions. But what if a new type of computer could do it in just minutes? What’s known as a quantum computer is already used by companies like Google and IBM.

Suddenly, blockchain, the technology that was supposed to change the future, becomes obsolete, and with it, most attempts to be its early adopters. Few administrations and a handful of companies are charting the road of post-quantum encryption. The U.S. is one of those. The National Institute of Standards and Technology (NIST) has already identified 26 algorithms that could become the standard to protect information today and tomorrow.

But there is no reason for panic. As Ian Kahn mentions in his acclaimed “Blockchain City” documentary, “Tomorrow is not here yet,” and it seems, as he also reminds, that our tomorrow is made of the only constant there is: change. Through constant change, evolution is happening at an accelerating pace, giving us little time to adapt and transforming governments, organizations, companies and consumers all into forced early adopters.

While quantum computers may seem a giant bridge, it is no different than all the other technologies we are benefiting from and do not realize we are using. As consumers, we do not understand internet protocols, and yet, we buy online every day. With quantum technology, it will happen the same: We may not understand it, but we will still run applications that will reap the benefits of this giant disruption that will boost innovation in a way we cannot even imagine.

I believe quantum computers are the new giant leap by humankind that will boost our capacity to understand, learn and build. With them, we will be able to open the doors to unimaginable discoveries and possibilities that will likely make us look like aliens on our own planet. This is the power that is being unleashed for which we will have to work on defining a purpose beyond profits and power, securing its use for the benefit of all. Dreamers will no longer exist the way we know them today.

Innovation Must Have A Greater Purpose

After many years doing marketing for companies of all sorts and sizes on three different continents, I came to the conclusion that focusing on technological innovation only could be a fatal — or at least dangerous — mistake. Marketing is one of the industries that has embraced and adapted to these new technologies at a really fast pace. However, having the power unleashed through technology is not enough if you don’t have a clear aim, and that aim cannot be only profits.

Technology, in most cases, increases efficiency. In essence, we achieve the same results, but faster, safer, in a cleaner way, with fewer resources. Take marketing, for instance: Social media, digital environments and IoT are all techniques marketing is using to the benefit of businesses’ profit and loss. Yet, these technological innovations are obtaining the very same results, though more efficiently, than our old, traditional, nondigital media: reach and segmentation.

I believe society is clamoring for a different impact. Innovation in technology is not enough. We need to innovate in management models that can guarantee, through the use and development of new technologies, that the impacts we generate are different. We need a broader base of prosperity that generates larger social equity and improves our environment.

Richard Branson has stated, “The brands that will thrive in the coming years are the ones that have a purpose beyond profit.” The future is now, and companies need to use technologies, products and services that allow them to go beyond, but never forgetting, profits.

Looking To Marketing As A Model To Follow

Marketing is the leverage that can serve as a bridge between corporations and society at large, launching profitable projects that also have social and environmental impacts. Marketing can also make consumers understand that they have the collective power, fostered by individual behavior, to demand those kinds of projects while accepting that companies make money along the way. It’s not bad to make money while helping others and the environment, and it is necessary to make those improvements sustainable.

Forbes Communications Council is an invitation-only community for executives in successful public relations, media strategy, creative and advertising agencies. Do I qualify?

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Monero Strength Is That It Cannot Be Analyzed or Traced

The overall market capitalization trends somewhere around $820.07 million. Monero cannot be purchased directly; instead, buy Bitcoin or Ethereum …

Monero is known as the king of privacy coins, and it is still under the control of the bears. Being an obfuscated decentralized public ledger, anyone can broadcast and send transactions; however, outside observers will not be able to tell the source, destination of the money sent. Among all the privacy-focused coins, Monero is the best.

Monero traded 3.4% versus the USD. The overall market capitalization trends somewhere around $820.07 million. Monero cannot be purchased directly; instead, buy Bitcoin or Ethereum with fiat, and later the cryptocurrencies can be converted to XMR.

Monero Transactions Are Untraceable

Privacy coins are considered a more significant threat than Bitcoin and Ethereum. An official from the European Cybercrime Center (EC3) stated that Monero transactions are not traceable. The EC3 was not able to trace down the details of neither the IP address nor the XMR movements.

While speaking at a conference at Blockchain Alliance webinar on privacy coins, Jerek Jakubcek of EC3 noted that Monero transactions could not be analyzed or traced.

Jakubcek stated that “Since the suspect used a combination of Tor and [Monero], we could not trace the funds. We could not trace the IP-addresses. Which means, we hit the end of the road. Whatever happened on the Bitcoin blockchain was visible, and that’s why we were able to get reasonably far.”

Monero Hides Traces of the Currency Transactions

Tor, on the one hand, hides only the IP address. Monero permits hiding the traces of the currency transactions; this is the strength of Monero.

The Europol makes use of Chain Analysis simulator to help with law enforcement. This testimonial from Europol vouches for the privacy of the public blockchain. The sooner the funds were transferred, the Europol stated that their investigation ended there.

“But with Monero blockchain, that was the point where the investigation has ended. Thus providing a classic example of one of several cases we had where suspect decided to move funds from Bitcoin or Ethereum to Monero.”

Trading privacy coins happens in only 32% of the top 120 exchanges. And, about 63% of them have KYC provisions which are not adequate, thus making the identification of the user difficult.

Some governments are putting privacy coins under fire, and many of them have passed laws to remove these privacy coins. The reason mainly being to prevent terrorism and money laundering.

The XMR prices are currently trading below the simple moving averages. The prices are trending downwards, and it is to be so until it touches upon critical support.

Top 5 Cryptocurrencies with Huge Potential in 2020

Ethereum is the most widely known crypto by the general public after Bitcoin. Interestingly, unbeknownst to many, Ethereum has more users on its …

While 2019 was a great year for crypto and crypto regulation, 2020 is shaping up to be an even bigger and pivotal year for the crypto industry. 2020 will see the third Bitcoin Halving take place which, combined with political and economic events, is expected to create perfect conditions for increase in Bitcoin prices.

Since the crypto market is indexed to bitcoin, the price of Bitcoin will directly result in the entire cryptocurrency market price increases, and this is where the opportunity lies.

Selecting the right cryptocurrencies is key to leveraging the expected returns. However, it is likely that a lot of cryptocurrencies will also see a demise, as recently predicted by Ripple CEO.

Here is our list of cryptocurrencies that show huge potential in 2020 based on current use cases and value addition to the ecosystem:

  1. Bitcoin (BTC)

In 2019, Bitcoin has seen a 100% plus in performance. Throughout the decade, the picture is even brighter. Currently, the crypto commands about 70% of the cryptocurrency market dominance.

The coming Bitcoin Halving in 2020, which will see the number of bitcoins released into the ecosystem slashed by half, is expected to boost the bitcoin valuation and price which makes it a good crypto to watch.

ALSO READ: Bitcoin was the Best Investment of the Decade, Says Bank of America Securities Report

2. Ethereum (ETH)

Ethereum is the most widely known crypto by the general public after Bitcoin. Interestingly, unbeknownst to many, Ethereum has more users on its blockchain than Bitcoin. The ongoing migration to Ethereum 2.0, a Proof-of-Stake and more stable platform, deployment of Sharding, and the new eWasm virtual machine, are all expected to be fully completed by 2021. The road to this realization is expected to come with a boost in the price of Ether.

Currently, most of the capitalized cryptos and blockchain projects rely on the Ethereum blockchain to operate. The huge number of cryptos in the decentralized finance sector (DeFi), headed by Maker, that rely on the Ethereum blockchain makes Ether a crypto to watch in 2020.

3. Enjin Coin (ENJ)

The video game industry has earned more revenue than the movie and music industries combined in the last past 8 years with the latest statistics placing it at over $150 billion per year. This industry is not expected to slow down in 2020 and is expected to exceed $180 billion by 2021.

Enjin is the largest online gaming community with over 20 million users and 250, 000 gaming communities. The Enjin Coin is used within and powers the Enjin’s gaming ecosystem, and with recent partnerships with Samsung and Microsoft, the Enjin Coin is expected to enter the Top 50 Most Capitalized Cryptocurrencies as gamers continue to spend more time online playing and buying virtual items. Enjin Coin is ideally fitted to tokenize this huge economy making it one of the cryptos to watch out in 2020.

4. Binance Coin (BNB)

Binance Coin is the crypto that facilitates trades on the Binance platform, the largest crypto trading platform by volume worldwide. BNB is also the most successful cryptocurrency of the year as of December 2019.

As an established heavyweight in the crypto trading industry, Binance added a crypto lending service to its long list of new services in 2019 and this is only expected to strengthen the Binance Coin as more customers use these services. BNB is definitely a crypto to watch out in 2020.

5. Basic Attention Token (BAT)

Basic Attention Token was founded by Brendan Eich, the creator of the JavaScript Programming Language. With the success of the Brave Browser in 2019 which saw the browser hit the 10 million activer per month mark, adoption of the browser and BAT, the token powering the ecosystem, is only expected to grow in 2020.

BAT is already being used to reward content publishers on popular platforms like YouTube, Twitter, Twitch and Reddit, with over 300, 000 editors currently verified by BAT. By addressing a real problem, an open Web with an innovative advertising model, BAT is definitely a crypto to watch out in 2020.

Bonus: Nexo (NEXO)

As a bonus, Nexo, is an instant crypto credit line platform that allows users to deposit crypto in their Nexo account and instantly have a line of credit in fiat currency without the need for any verification. The automated Nexo platform enables users to spend their credit via a card or via a bank account making it quite seamless.

With digital credit services on the rise globally, Nexo is already profitable having reached $700 million in loans to more than 200, 000 users in 2019 with more than $67 million in profits, making it one of a few crypto projects currently making money.

Watch out for NEXO in 2020.

Disclaimer: The above post is for informational purposes only. You should not construe any such information or other material on this website as legal, tax, investment, financial, or other advice.

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Fight to Fame Combines Blockchain Tech, Movies and Sports to Revolutionize MMA Industry

Viewer participation: The Bitcoin phenomenon provided wide exposure to blockchain technology, cryptocurrency and “mining” of digital currency.

ESCONDIDO, Calif., Dec. 30, 2019 /PRNewswire-PRWeb/ — It is crucial for modern sporting events to engage both competitors and viewers. Athletes will want the rewards to outweigh the risks and viewers will want to feel a certain level of participation in the outcome. Fight to Fame, a mixed martial arts (MMA) promotion that will combine cryptocurrency, Hollywood film opportunities and well-known MMA fighters, has all these corners covered – and more.

This all-encompassing approach will revolutionize the aforementioned industries, according to media ambassadors Carlos Kremer and Teca Thompson. Carlos Kremer, known as “The Roaring Lion” and considered to be the top host/MC in all of the entertainment industry, is also a decorated U.S. Marine Corps captain who earned two U.S. Navy achievement medals for honor and valor. He will be joined by former Maxim model Teca Thompson, who was one of the youngest-ever Peace Ambassadors to be appointed to a foreign country. As global press conference hosts, the two will be able to give Fight to Fame fans in-depth information about competitors, cryptocurrency and film opportunities.

Here’s how Fight to Fame will revolutionize the film, financial and sporting sectors it has brought together:

  • The competitors: As a global promotion, those with a background in MMA can enter Fight to Fame. Ideally, they will progress through three stages of competition, training and exhibition of skills. The stage is set for a worldwide event and Fight to Fame encourages those who want to launch their career to enter. Progressing through Fight to Fame will boost name-recognition for competitors as well as expose them to new opponents and worthwhile training.
  • Viewer participation: The Bitcoin phenomenon provided wide exposure to blockchain technology, cryptocurrency and “mining” of digital currency. Fight to Fame is making the most of blockchain tech by using it to safeguard votes for competitors. Moreover, Fight to Fame has launched tokens in more than 100 countries that legally support cryptocurrency.
  • Hollywood-ready: The “stars” of today’s action movies have arguably been around for a decade or two too long. It’s time to introduce fresh faces into the mix and those who make it to the final phase of the Fight to Fame promotion could take the lead role in an upcoming major motion picture. What better way to prove one’s strength than going through intensive training that the viewing public can watch and vote on?
  • Star power: Another crucial component of the promotion is the inclusion of well-known MMA ambassadors. These include global light-heavyweight boxing champion Prince Badi Ajamu; welterweight champion Chris van Heerden; Brazil Jiu-Jitsu world champion Rigan Machado; former Strikeforce Champion, UFC veteran and Champion Ambassador for Vietnam, Cung Le; as well as Roy Jones Jr., considered the top pound-for-pound boxer on the planet for more than a decade.

About Fight to Fame: Fight to Fame is a mixed martial arts (MMA) promotion that will combine blockchain technology, cryptocurrency and major motion picture implications. Viewers will be engaged through voting that’s secured by blockchain systems. The availability of Fight to Fame-specific cryptocurrency will attract competitors from more than 200 countries who’ll also be able to progress toward landing the star role in an action film.

SOURCE Fight to Fame

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