The 3 Most Profitable Crypto of 2020 H1

 

Half of 2020 has gone by now. Needless to say, external circumstances have thrown all previous predictions of this year to the ground, although markets have kept moving and evolving all the same. Thus, cryptocurrencies aren’t in the same spot they were when this year began – some have greatly appreciated in value, while others have sadly lost most of theirs.

For prospective investors in the market, this means one thing: it’s time to take a look at it and, from what has been, try to predict what soon might be.

 

Bitcoin

 

Many of us dream of a day when we can write about the best crypto investments, most profitable crypto, or best-selling crypto tokens and Bitcoin isn’t a part of the conversation. After all, from a technical level, the goals of Bitcoin are impossible due to its very own design.

The problem is, of course, that Bitcoin sells. It moves massive amounts of money, and its name has come to become synonymous with cryptocurrencies in general. Its main goal, that of becoming the de-facto worldwide trade currency, might never come to happen, but it has become the biggest speculative cryptocurrency with a price that went from under $1/token a decade ago to almost $20,000/token in recent years.

As such, the value of Bitcoin can be seen as a metric on which to measure the health of the market. And while it hasn’t reported the ridiculous gains from 2017 this year, tokens bought in late December 2019 or early January 2020 have seen a 50% ROI by now, with a current bull market going in.

So, the facts are clear: Bitcoin still reigns supreme and, even if the price goes down in the short term, history has taught us it will only go back up.

 

Ethereum

 

As of this writing, Ethereum is at a year-long high, and its current going price is almost three times what it was in the beginning of the year. This puts it square among the most profitable crypto this year, simply because a 200% ROI during a 6-month period is way above the expectations for most cryptocurrencies or even stock shares.

There’s an actual reason for this, too. Or several. First, as happens with Bitcoin, ETH is one of the largest names in the market – which gives it an ever-fluctuating value where peaks tend to repeat and valleys never last long. Another reason, though, is that Ethereum is in constant change, with development on the blockchain never stopping.

This summer, Ethereum plans to roll out its 2.0 update, which will do away with the current proof-of-work algorithm for the more modern, greener, proof-of-stake algorithm. In essence, this means the effective disappearance of ETH mining, since all validations will now be made based on staking. While there are detractors to proof-of-stake, mainly due to security concerns, so far said concerns haven’t come true of any blockchains using PoS, so Ethereum’s rollout of the model is still planned, and expectatives are high.

Do note that July is regularly a bullish month – Ethereum hit its cap last year by this date, too – with August and September often being bearish. This means that Ethereum value (and that of most crypto) could well go down soon. However, if Ethereum’s rollout of 2.0 goes as planned, its own bullish market is likely to continue at least until the 2.0 release.

 

Chainlink

 

A small token that has greatly appreciated, Chainlink has been the talk of the market for the last six months. While the blockchain isn’t new – it’s been traded for a few years now – it really gained traction this year, with its price going from less than $2 in early January to over $8 in early July 2020, signaling over a 300% ROI for well-timed investors.

As a result of this and a string of collaborations announced by the team during the year, Chainlink’s price has remained bullish so far – and the expectation is that the trend will continue for the rest of the year. While usually the early bull market is the most important, since that’s when cryptocurrency gains grow fast, it’s still quite early for Chainlink, with some analysts predicting the price will likely cross the $20 barrier next year, and might even hit the $50 barrier by 2022.

While analysts aren’t always right, the truth is Chainlink is one of the most hyped cryptocurrencies right now, and perhaps one of the few tokens that have more than just speculation to back them up.