After a bumpy 2019, many crypto enthusiasts are hopeful that the market will regain its footing in 2020. Crypto holders also still believe that cryptocurrencies will soon become a part of the established financial markets around the world.
The following is a list of the most promising cryptocurrencies for the coming year, and all of them are currently under $10. The figures are from January 15, 2020 according to CoinMarketCap.
EOS (EOS)
Market Cap: $3,600,299,859
Volume (24h): $6,968,276,295
Current Price: $3.79
Market Rank: #8
EOS.IO refers to the blockchain protocol powered by the EOS cryptocurrency. The protocol is known to emulate many of the features possessed by a real-life personal computer, such as the use of GPUs and CPUs for processing, hard disk storage, and local memory. All the resources available in the computer are finally distributed equally among all the token holders.
Tezos (XTZ)
Market Cap: $946,052,450
Volume (24h): $66,406,125
Current Price: $1.36
Market Rank: #15
Arthur Breitman, a former analyst at Morgan Stanley, developed Tezos, that is among the most promising cryptocurrencies to watch in 2020. XTZ aims to blend on-chain governance and a self-correcting protocol that would enable it to manage modifications occurring on its network. Tezos, which is powered by XTZ, is normally created through a process commonly referred to as “baking” and is one that involves placing deposits and getting rewards for each block that gets signed or published. Witnesses must then validate all the blocks.
COSMOS (Atom)
Market Cap: $901,190,380
Volume (24h): $295,572,748
Current Price: $4.73
Market Rank: #16
COSMOS currently has a total supply of 237,928,231 ATOM tokens. Of this, only 190,688,439 ATOM are currently in circulation. As a cryptocurrency, COSMOS is currently traded in ninety-eight active markets. The last twenty-four hours have seen $293,296,357 worth being traded.
Stellar Lumens (XLM)
Market Cap: $1,096,240,836
Volume (24h): $411,311,784
Current Price: $0.054843
Market Rank: #13
Stellar falls among the cryptocurrencies under 10 dollars and its market cap is huge, which makes it fall among the top 20 digital assets according to market size. All the same, it’s a cheaper crypto asset to invest in 2020. With a huge market size, it’s likely that the coin has a great potential for growth. XLM supports faster and cheaper cross border payments. This has made it earn a slot among the promising cryptocurrencies to consider investing in this year.
Ethereum Classic (ETC)
Market Cap: $874,098,941
Volume (24h): $3,202,845,785
Current Price: $7.52
Market Rank: #18
Ethereum Classic (ETC) is a hard fork of the original Ethereum. This crypto asset provides users with a way to manage their digital assets without the intervention of third parties, such as banks or other financial institutions. ETC enables developers to write unreasonable smart contracts, deploy, and execute them to offer truly unstoppable and programmable money. ETC was created from the original non-forked Ethereum (ETH) blockchain.
MCO (MCO)
Market Cap: $75,529,086
Volume (24h): $15,793,586
Current Price: $4.78
Market Rank: #64
Founded in 2016, crypto.com was based on a very simple premise: every person has the right to control his or her identity, data, and money. Today, the platform boasts of more than a million users and is able to provide a robust alternative to the normal financial services, a factor that has helped to actualize its belief of transforming every available cryptocurrency into a digital wallet. The platform has been developed on a solid foundation of compliance, privacy, and security, so it is today the only cryptocurrency to possess PCI: DSS 3.2.1 and ISO27001:2013 compliance.
Quant (QNT)
Market Cap: $40,456,889
Volume (24h): $1,572,930
Current Price: $3.35
Market Rank: #92
The Quant Network team developed this crypto asset, as a crypto token primarily based on the ETH blockchain. Some of the solutions provided by Quant include goVerify and Overledger OS. Its whitepaper states that its earlier goals included coming up with an interface that could be used to connect the networks available around the world to various blockchain platforms. This would also involve bridging existing networks to upcoming blockchain platforms as well as developing a blockchain OS.
Ardor (ARDR)
Market Cap: $42,797,384
Volume (24h): $2,187,764
Current Price: $0.042840
Market Rank: #85
Ardor, using the ticker ARDR, is also among the promising cryptocurrencies to watch in 2020. This BaaS (blockchain-as-a-service) provider makes available a blockchain infrastructure for use by institutions and businesses that are looking to create their own chains without having to engage in any form of coding. It comprises of a parent-child infrastructure that features one chain attached to numerous transactional chains.
Ontology (ONT)
Market Cap: $438,791,413
Volume (24h): $186,551,430
Current Price: $0.688461
Market Rank: #26
On its website, Ontology describes itself as a supplier of high-performance public blockchain platforms. This includes both smart contracts and distributed ledger systems. It’s alleged that the framework is able to support public blockchain systems that end-users can customize to support varying applications. It also facilitates teamwork between chain networks using its numerous protocol groups.
Huobi Token (HT)
Market Cap: $762,679,307
Volume (24h): $370,067,254
Current price: $3.27
Market Rank: #21
Huobi Token (HT) is one of the promising cryptocurrencies under $10 dollars to invest in this year. This exchange-based token is the native currency on Huobi exchange, where users can own it for buying monthly VIP status plans, gain early access to Huobi events, receive crypto rewards, and to trade with other digital assets on the platform.
Huobi platform helps users manage their assets and trade with up to five times leverage for spot trading. It offers credit card payments, secure storage, and access to deposit, withdraw, and trade 24/7 on mobile apps for both Android and iOS.
Final Thoughts on Cryptocurrencies Under 10 Dollars
Digital currencies are a new investment vehicle, which can help you earn much reward within a short time. However, cryptocurrencies are also a volatile form of investment that can lead to total loss of funds. All the same, once you understand the market and know what to invest in and what to avoid, you’re good to go. It’s important to keep an eye on the market size of each crypto asset. The crypto coins mentioned in this piece are likely to grow and bring more rewards in the future.
Featured image: nomoretax.eu
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