What are the hottest cryptocurrencies in 2020?

Cryptocurrency is a growing mega-trend, which is adopted worldwide, and woven into everyday transactions. The cryptocurrency world has seen many ups and downs, and there are certainly more to come.

In other words, cryptocurrency markets are heating up again, and it’s a good moment to check out our shortlist of TOP-3 cryptocurrencies that you should pay close attention this year.

Bitcoin

Today it remains at the forefront of the market with a market cap of $168 769 234 642.

By entering the market Bitcoin caused a real stir in the financial industry: it employed the technologies which were later borrowed by other digital coins. Transparency of the system, the inability to counterfeit the cryptocurrency and its complete decentralization have become undoubted advantages of the virtual currency, which allowed it to rapidly increase the number of users. 

Today the reputation of bitcoin has become so strong that, and it is now accepted by large companies, including Amazon, Wikipedia and even Microsoft.

Litecoin

Already from the name, it is clear that Litecoin is a “lite version” of BTC. LTC is a fork of Bitcoin, and its key factor that differentiate LTC from BTC is transaction speed. Its  transaction time is about four times faster than Bitcoin’s. 

Litecoin is now one of the world’s 10 largest cryptocurrencies in terms of market cap: $3 872 455 891.

Moreover, Litecoin cryptocurrency has high prospects for further growth: company marketers enter into partnership agreements that contribute to the popularization of cryptocurrency. For example, major cryptocurrency lending company BlockFi has added support for LTC, providing Litecoin users with additional options and liquidity opportunities.

ETH

If bitcoin is “digital gold”, then ether is certainly silver. The currency boasts the second-largest market capitalization: $19 287 097 067.

Despite the market volatility, which affects most cryptocurrencies on the market, ETH has proven over the years to be a solid choice for holders.
Ether is the original token of decentralized platform called Etherium which has been undergoing a series of updates and hard forks.

The last few updates have been quite positive but had no serious impact on ETH’s price.

Vitalik Buterin, primarily known as a co-founder of Ethereum, announced that a brand new Ethereum 2.0 is coming: once it is implemented, transaction confirmation time will go down to 3-6 seconds in comparison to minutes. The network will ultimately become faster, cheaper, and more scalable after both parts of the upgrade are live.

Perhaps when Ethereum 2.0 is fully ready, it can affect its digital asset’s status. ETH can also experience a bull run after Ethereum upgrade.

After strong 2019, all eyes are onto 2020 for continuing growth of the cryptocurrency industry. There are lots of other coins that are worth looking, and the few we’ve mentioned does not exhaust the list.

If you want to get ready for 2020 rally and buy some BTC, LTC or ETH, you should visit Quantum.uk. Here you can purchase cryptos in a matter of minutes and HODL your funds securely.