We’re well into another crazy year in the cryptocurrency space. Bitcoin started 2020 all guns blazing convincing the bulls we were back in business. Then it promptly crashed at the end of February taking the rest of the cryptocurrency market with it. For those who’ve been in the space long enough, they understand price corrections are par for the course. There is still plenty of innovation coming out and exciting projects to watch. With that in mind, let’s take a look at the top five cryptos to keep an eye on in 2020.
- Digitex (DGTX)
DGTX is the native token of the Digitex Futures exchange, but it’s not your average exchange token by any means. This young company is aiming to revolutionize the cryptocurrency futures trading space by removing the commission fees from every single trade. This will allow short-term scalpers to make money and capitalize on the smallest price fluctuations currently impossible on fee-charging exchanges.
It also boasts the industry’s first one-click trading ladder interface which allows traders to stay in the price zone and place orders with a single mouse click and no extra keyboard strokes or movements. By making trading compulsory in the DGTX token, Digitex can remove the commissions from all trades. This also creates a constant demand from traders needing DGTX to enjoy zero-fee trading and liquid markets.
The DGTX token is currently extremely undervalued, trading at around 3.5 cents. While that still represents a 220% rate of return for ICO investors, enthusiasts believe that it will soon blast through its all-time high of 16 cents once it is utilized for trading. With a robust exchange currently in beta and its mainnet launch coming up on April 27, price action on DGTX looks set to be extremely bullish soon no matter what Bitcoin does.
- ChainLink (LINK)
ChainLink’s token LINK has seen staggering price action lately. In fact, LINK was the best performing crypto of 2019 and one of the biggest gainers in the bullish action at the start of 2020. Its price soared by over 187% at one point. LINK appears to consistently buck Bitcon’s trend making key gains while the number-one cryptocurrency is down.
It’s not only price action that makes LINK worth keeping an eye on. Its moves toward becoming blockchain agnostic and recent integration with its first non-ethereum blockchain Polkadot are boosting its efforts in the DeFi momentum. It also continues to announce more and more partnerships on top of the mighty Google.
LINK has been causing a stir on Crypto Twitter but hasn’t yet hit the mainstream press all that much. This makes it a crypto to watch this year as its price is undervalued right now.
- Tezos (XTZ)
Tezos (XTZ) is another of those cryptocurrencies that often see gains when BTC is down. Along with LINK when it comes to price action, its XTZ token has been one of the most active this year so far, seeing massive gains and corrections, followed by gains again. This PoS coin has a large community of bakers around the world and many dedicated developers.
Both Kraken and Coinbase adding the ability to stake Tezos have given this crypto a major boost. Kraken also recently announced margin trading on Tezos on both its platforms. With momentum building behind this self-amending blockchain project and if BTC continues its downward trend, a lot of traders and investors will be keeping an eye on Tezos in 2020.
- Enjin Coin (ENJ)
ENJ (Enjin Coin), the self-proclaimed gold standard for digital assets has gained a lot of traction lately with gamers. As a digital platform that allows almost anyone to create computer games with items living on the blockchain, Enjin recently launched its mainnet on the Ethereum blockchain. The token price enjoyed a massive rally upon the launch t trade at its record high of this year at 0.16. However, ENJ has been swept up in the crypto crash of late showing its correlation with major assets like BTC and ETH.
On top of its gaming platform, Enjin has its own cryptocurrency wallet, blockchain explorer, and market place for exchanging items. With a great new product out for developers who want to create their own games and in-game items backed by ENJ coins, this is a top crypto to keep tabs on, especially at its undervalued trading price of 0.09 – a massive 56% price drop in just a few days.
- Basic Attention Token (BAT)