5 cryptocurrencies that left their mark on 2020

The year 2020 has been quite active for the crypto money world.. First, the Covid-19 March shortage, then the Bitcoin ATH and now the Ripple problem deeply affected the market.. Here are the top 5 coins of 2020.

5 cryptocurrencies that marked 2020

2020 It was a year that satisfied investors in terms of price performance. Despite the big drop in March due to the Covid-19 pandemic, the market rose and many ATHs were experienced, especially BTC .

In this process, there were tokens such as UNI and Filecoin whose prices fell.. However, even these should not be considered as failures.. UNI year 3. Entered the market in the quarter. The DEX environment is a new platform for investors. Filecoin, on the other hand, went on sale in the last quarter of the year and has already reached a market cap of $ 1 billion..

So what are the 5 cryptocurrencies that will mark 2020? Let’s start the countdown.

5. Ethereum

Almost every move of Bitcoin in 2020 dragged Ethereum after it.. Or this is how it looks. In fact, Ethereum has surpassed Bitcoin on many scales.. From January 1, 2020 to December 18, 2020, ETH price increased 360%, BTC 200%. In the same period, the market cap increased by 380%, from 14.4 billion to 74 billion dollars.

Ethereum’s development is not limited to numbers alone.. Although it is still years away, Ethereum developers have managed to stake $1 billion worth of ETH into the Ethereum 2.0 POS network.. This is a sign of immense trust..

One of the factors that makes Ethereum so important is DeFi. Over $15 billion coins are currently staked in DeFi apps. It is clear that Bitcoin’s transaction volume is much higher. But Ethereum comes growing at different scales at the same time.

Live ETH price: $ 1,950.36

4. Chainlink

Despite all the writings about Chainlink, what is a decentralized oracle network or not sure why it needs its own ERC20 token.

As the usage of DeFi increases, the price of LINK coin also increases. One of the most important parts of making DeFi work is the oracle network, which brings data to smart contracts..

LINK coin price was $1.7 at the beginning of January 2020, reaching $13 on December 18, 2020. The highest value of the year was $ 19.9 in August.. LINK coin is in the top 10 in terms of market cap value.

While there are many projects working with a single oracle sourced from central sources, Chainlink is one of the future platforms in the market with its decentralized structure. It won’t be hard to say that there will be one.

Live LINK price: $ 7.56

Chainlink LINK coin price forecast 2020-2025

3. AAVE

There are many successful projects in DeFi. One of them is undoubtedly AAVE.. AAVE, a decentralized loan protocol. LEND token Native token of AAVE.

LEND token is a pre-existing token. However, in October, the name AAVE was changed and 1 AAVE was given to every 100 LEND.. This promotion worked and the price went from $53 to $89. AAVE 27, which exceeded 1 billion threshold in terms of market cap value in 3 months. lined up.

Available $318,000 in AAVE smart contracts at the beginning of the year worth of tokens were locked. Currently, this figure has reached 1.8 billion dollars..

What is Aave (AAVE) coin, is it a good investment?

2. USDC

It might be surprising to have a stablecoin on such a list. After all, a stablecoin USDC with a low price of $0.99 and a high of $1.01. But if the price of a coin doesn’t impress you, maybe it will affect the usefulness..

USDC has expanded from Ethereum blockchain to Algorand, Stellar and Solana blockchains.

USDC daily volume reached a maximum of $426 million in January, never falling below $453 million in December.

USDC market cap value was $516 million at the beginning of the year, now over $3 billion.

1. Bitcoin

Bitcoin is at the top of 2020. Bitcoin market cap value was $130 billion on January 1, 2020, now $460 billion.

While BTC price was around $3,300 in March, it has come to a point where it can replace Gold with its performance throughout the year..

Bitcoin reached an all-time high (ATH) point, surpassing $20,000 within the year. Then it came to $21,000, then $22,000, then $23,000, then $24,000 but that wasn’t enough, now Bitcoin’s ATH is $25,000.

The year 2020 is not over yet, no one can say that BTC cannot go higher. Even Elon Musk.

Live BTC price: $ 31,723.00

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