There is no denying that a lot of crypto enthusiasts prefer buying Bitcoin than the other forms of digital currencies. Bitcoin is expected to be a direct beneficiary of the increasing demand and supply in the world of cryptocurrency.
Bitcoin’s third halving significantly affects the value of new Bitcoin tokens created in the market when it comes to supply. That’s why the slow growth of Bitcoin supply is noticeable.
On the other hand, when it comes to the demand, the interest in cryptocurrency will continue to increase despite the halving. This is because halving drew a lot of attention in both public and social media. The demand for Bitcoin is the gateway of new and potential investors to the industry of cryptocurrencies. That being said, when people join the crypto market, more than half of them will prefer wetting their feet with Bitcoin instead of other forms of crypto. If you want more information regarding this, you can go through the techlila.com to better understand it.
The increase in Bitcoin demand and a decrease in its supply can affect each Bitcoin token’s value this year. Here, we are going to provide you the top cryptocurrency that will create a huge explosion this year, 2020.
Read on to know further.
Zcash
When you enter the crypto market, your main concern will be your privacy. That’s why a lot are looking for privacy-focused forms of crypto. Given this, we suggest you to consider buying Zcash.
Zcash is a type of altcoin, which is extremely pure. This is one of the competitive digital currencies that gives importance to your security and privacy.
Considering that cryptocurrencies gathered more power and have noticeable mainstream traction, a lot of crypto enthusiasts are looking for a unique feature, which is called privacy. Crypto user’s privacy is considered as the essential feature that applies in both the financial transaction world and digital currency world.
(BAT) Basic Attention Token
BAT is a cryptocurrency that has a very simple core idea. It cannot be denied that the digital advertising model is low. With that in mind, advertisers and user incentives are not the same. But rather, these two run oppositely. Thus, advertisers desire crypto users to view their advertisements. Meanwhile, instead of viewing the ads, consumers start to skip it.
The main goal of the Basic Attention Token is to have an equal incentive structure. This means that both advertiser and user incentives will be aligned.
To make this possible, Basic Attention Tokens are getting paid just by watching the advertisements of the Brave Browser. As of the moment, both users and advertisers will receive enough amount of incentives. The end goal is that a lot of users will start watching various advertisements, and the advertisers will build brand awareness and sell a lot of products.
(SNX) Synthetix Network Token
Synthetix Network Token is developed from the ecosystem of Ethereum. This platform helps blockchain technology to fill the gap between the tangible assets in the real world and the crypto world.
With that in mind, the Synthetix Network Token comes with Synths. Synths are considered a synthetic asset in the crypto world that expose tangible assets, including US Dollars and gold. The main goal of these synthetic assets is to build shared assets that will benefit users.
Conclusion
Aside from Bitcoin, a lot of digital currencies will create a huge impact in the crypto world this year. It is important to know what form of crypto will become more popular in the future. Through this, you can ensure that your money will be given in the right place. If you don’t prefer bitcoins, you may consider the different cryptos we mentioned above.
