Investing in the crypto market takes research, patience, and a keen sense of the overall state of the market. There are some projects that are set to succeed because of their technical attributes or the niche market they serve in the industry. Additionally, you have old projects that continue to see future development and have huge community support. With so many options, investors can feel overwhelmed by this decision.
What makes a cryptocurrency profitable? This is the golden question. In most instances, it’s the usability of the coin. The more use cases the project fulfills, the more the chances that it will find a home in the commercial sectors of the market. Today, there are blockchains to fulfill nearly every use case scenario.
Sorting through all the technical jargon and business models of these platforms isn’t a fun task and can take weeks. Luckily, you can save yourself some of these efforts by sticking with firms that are known for their quality and advanced technologies. Here are 5 blockchain projects to take your portfolio to the next level in 2020.
GSX is another smart investment for 2020. GSX is the world’s only quantum-resistant stable coin. This coin is also the main stablecoin for the Apollo network. GSX blows the competition out of the water in terms of stability, ROI, and overall usability. GSX holders enjoy yearly dividends.
These tokens are extremely versatile. You can send GSX globally in seconds. The entire network is incredibly scalable as well. GSX is capable of processing transactions at a rate equal to PayPal and MasterCard. In this way, GSX has the potential to serve as a true gold-backed currency.
GSX token holder’s dividends increase yearly. This exponential revenue growth is the result of the coins underlying assets appreciating. Specifically, GSX holders receive a share of the profits of the company. These profits include gold holdings, real estate, and mining equipment. All of these assets are all set to increase in value for the foreseeable future. You can get GSX at GSXCDE.com. There is a pre-sale currently with hefty discounts.
Apollo is the most advanced blockchain to enter the market in 2020. This robust decentralized ecosystem is capable of handling an impressive amount of blockchain-related tasks. The developers behind Apollo sought to create a unique and easy to program platform to promote further Dapp development.
Their efforts succeeded. Apollo provides users with unmatched flexibility and usability. Dapp developers can create never before seen programs that would have been impossible on other platforms such as Ethereum. For example, Apollo is one of the first blockchains to leverage sharding.
Sharding is a storage method that allows users to hold more data on a network. This data can be stored and retrieved faster using sharding protocols. Consequently, Apollo Dapp developers have unlimited storage potential when programming their decentralized applications. Apollo is available at BitMart and other reputable exchanges. The coin is a favorite among investors and developers alike.
The Basic Attention Token (BAT) is the utility token for the Brave decentralized browser. Brave is a replacement for Chrome that provides users with more security and earning potential than any other browser ever made. Specifically, Brave flips the market on its head by paying users for viewing ads.
This strategy allows content creators to focus on producing valuable content rather than marketable and click bate material. Additionally, you can tip content providers on the network that you enjoy. Interestingly, you can even set your browser to tip those websites you spend the most time on automatically.
The third-generation blockchain NEM offers users a variety of unique features that make it a smart investment for 2020. For one, NEM is incredibly fast. This network can process a transaction in 6 seconds. Additionally, it only takes 20 seconds for a new transaction to add to the blockchain.
NEM is seen as a smart upgrade to Ethereum because it is far more energy-efficient. For example, NEM is 100x more energy-efficient than Bitcoin. These energy savings are the direct result of the integration of a new consensus mechanism known as the Proof-of-Importance.
NEM is another flexible platform that allows developers to program smart contracts and Dapps with ease. The platform is already home to a nice variety of Dapps ranging from decentralized loans to games. In this way, NEM keeps in touch with its ambitious goal to provide a more robust alternative to the market.
Ripple is one of the top coins in the world currently. This coin made waves when it entered the market as one of the first bank-focused blockchains. Since its entrance into the sector, Ripple has managed to secure a variety of high profile partnerships with major financial institutions.
These institutions signed on to utilize Ripple Net to speed up international money transfers. Notably, both Visa and Money Gram are part of this network today. These partnerships have helped to strengthen the brand’s recognition in the market. Today Ripple is the third most popular coin in terms of market capitalization.
Ripple has maximum growth potential for the end of this year because it has unmatched institutional support and the SEC’s blessings. In this way, Ripple can save banks millions of dollars in research and development versus launching their own blockchain. There is more demand for XRP than ever thanks to the firm’s smart maneuvering in the market.
5 Blockchain Projects to Take Your Portfolio to the Next Level
There’s nothing like watching your investment moon. Stick with these reputable projects and you may enjoy one remarkable end of the year push. For now, remember that crypto investing takes patience and research. If you have these two traits, victory is in your grasps.