The first six months of 2020 have been tumultuous, to say the least. The economic consequences of the pandemic cannot yet be known, but what is clear is that digital assets will remain a bit of the post-covid economy, and will most likely continue to grow.
Let’s have a look at the top Altcoins of 2020 and why they may be a strong addition to your portfolio.
1. Elrond (ERD) + 45.36%
Overview: Elrond (ERD) is a highly scalable, fast, and secure blockchain network that promotes DApp development and enterprise use.
Price: With a 45.36% increase, Elrond is among the best-performing cryptocurrencies today, scoring the top spot on our list.
From $0.0188, the altcoin’s price jumped to $0.0276 in the past 24 hours.
Interestingly, today is only a small part of Elrond’s on-going bull run since June 1, in which the cryptocurrency increased its price by over 1,100%.
2. Bancor (BNT) + 20.66%
Overview: Bancor (BNT) features a blockchain protocol where users can convert between different tokens directly and instantly.
Price: As the second altcoin on our list, Bancor has surged from $1.21 to $1.46 in the last 24 hours, representing a growth of 20.66%.
Similarly to Elrond, the BNT price has been on a long-term bull run, growing by nearly 600% since May 17.
3. Ethereum Classic (ETC) +9.54%
Overview: Ethereum Classic (ETC) is a smart contract platform that preserved the original version of the Ethereum software after the DAO hard fork.
Price: Since the coronavirus-fueled market crash in March, Ethereum Classic has been trying to recover its losses.
While the altcoin’s price has been growing steadily since, ETC has generated a great, nearly 10% ROI for investors in the last 24 hours.
4. Zcash (ZEC) +6.54%
Overview: Zcash (ZEC) is a privacy coin that features pseudo-anonymous transactions via zero-knowledge proofs called zk-SNARKs.
Price: Taking a look at the coin’s 24-hour performance, Zcash features a 6.54% increase.
In addition to the daily surge, the ZEC price has been on a moderate bull run in the past three months, in which the coin’s value has grown $43.93 (April 27) to $69.27.
5. Ethereum (ETH) +5.27%
Overview: Ethereum (ETH) is a blockchain platform featuring smart contracts, decentralized applications (DApps), and the second-largest cryptocurrency by market capitalization.
Price: Ethereum’s price has been steadily moving up in the past few months. However, the cryptocurrency initiated a more significant bull run since July 22, where the ETH price has grown from $246 to today’s $324.26.
In the past 24 hours only, ETH has increased its value by 5.27%.
+ 1: AAX Token (AAB) +2.92%
Price: We have also included AAB as an addition to our top five picks for altcoins today.
After a major price fall in June, the AAB price has been steadily increasing since July 22, in which the token’s value surged from $0.1423 to $0.1718, representing a growth of over 20%.
The cryptocurrency increased its value by nearly 3% in the past 24 hours.
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