16 New Cryptocurrencies You Must Check Out in 2020
With the economy and stock market in constant flux, crypto investments have become increasingly attractive. But which new cryptocurrencies in 2020 should you choose?
If you’d invested in Bitcoin when it first came out, you could be retired, living on an island in the Caribbean by now. It might be a little late in the game for Bitcoin now, but there are brand new cryptocurrencies in 2020 that are on the rise.
However, to make a profit, you must choose wisely. Generally, that means investing when a coin is still a new and upcoming cryptocurrency.
That’s why we wanted to give you a leg up on some of the hottest coins by market cap today.
What are the best new and upcoming cryptocurrencies in 2020?
Need some inspiration or a starting point for your research? Here’s our list of new cryptocurrencies in 2020 poised for an explosive year.
The three fields we focus on are:
- Estimated price – Coin price as of publishing.
- Return on investment (ROI) – How much an investment has made since launch.
- Market cap – a larger market cap means there’s more of a coin in circulation).
Please note these figures are approximate since they’re always changing — the numbers below are accurate as of September 17th, 2020.
Also, be sure to keep your finger on the pulse for which new crypto coins are coming out. We’re always sharing our latest thoughts on our blog.
1. Solana (SOL)
Approximate price: $2.63
Approximate market cap: $96,403,020
ROI since launch: 1,078%
The Solana platform and SOL token are the product of former employees from major companies like Apple, Google, and Twitter.
SOL was created as the basis for large-scale projects on the Solana network. During July of 2020, SOL made headlines with a price jump of 118%.
Its current market rank is #104 on CoinMarketCap.
2. Origin Protocol (OGN)
Approximate price: $0.22
Approximate market cap: $28,084,319
ROI since launch: 81.46%
Origin Protocol (OGN) is aiming to eliminate transaction fees and open the eCommerce market for greater investment.
It currently has a market rank of #199 and seems to be growing rapidly. If you believe Origin could help solve issues associated with eCommerce, it’s a great investment.
3. Maker (MKR)
Approximate price: $462.88
Approximate market cap: $465,465,747
ROI since launch: 1,994.62%
Maker is a blockchain platform best-known for its stablecoin, DAI. MKR tokens are a new addition to the platform used for maintenance and paying fees.
Along with the current DeFi wave, MKR price has grown explosively. The organization behind it, MakerDAO, has made many influential moves in DeFi of late including using multiple assets (including music contracts) to back its stablecoin, DAI.
4. Curve DAO Token (CRV)
Approximate price: $1.39
Approximate market cap: $71,198,965
ROI since launch: -89.33%
Launched in August 2020, CRV is a token for governance on the Curve platform: A decentralized exchange for stablecoins that topped $2 billion in locked assets as of August 2020.
The project has already created various popular tokens, like YFI (yearn.finance token) (#6 on this list).
With a negative ROI, CRV might not look very appealing, but the price drop could signal a huge opportunity if you’re prepared to take a risk.
5. Synthetix Network Token (SNX)
Approximate price: $4.46
Approximate market cap: $431,865,747
ROI since launch: 882.97%
Synthetix is a DeFi platform for derivatives trading, and SNX is the token traders use as collateral when trading “synthetic assets”. SNX wants to create a platform where traders can trade on the value of any asset by putting a “synthetic” version on the blockchain.
The more the platform is used, the greater the value of SNX becomes. SNX is currently ranked #39 on Coin Market Cap.
6. yearn.finance (YFI)
Approximate price: $35,840.74
Approximate market cap: $1,074,055,546
ROI since launch: 3,311.71%
YFI is the token native to yearn.finance, a major DeFi platform with various functions spanning utilities, insurance, and leveraged trading. Dubbed the “yield farming token”, YFI is used by the Yearn.finance protocol to shift user funds between the top decentralized protocols for the best interest rates.
7. DFI.money (YFII)
Approximate price: $4,886.35
Approximate market cap: $188,593,749
ROI since launch: 701.36%
If you’re thinking that YFII sounds an awful lot like YFI, it’s no coincidence. YFII is largely viewed as a “knock-off” YFI token built in China for the DFI.Money platform.
That said, YFII is still highly successful and gained serious traction in China. It’s already #66 in terms of market rank and appears to be on a high growth trajectory (albeit with many peaks and dips).
8. Sushi (SUSHI)
Approximate price: $1.67
Approximate market cap: $187,618,226
ROI since launch: -51.40%
It might sound like food, but SUSHI is the token for the SushiSwap decentralized exchange (DEX).
Another coin with a negative ROI since its launch, SUSHI is a bit of a high risk/high return option. The platform recently suffered from an exit scam accusation directed toward its founder, the aptly named, Chef Nomi.
However, this accusation has appeared to be baseless. The anonymous founder returned all the money that was said to be stolen claiming they had been moving funds.
9. Compound (COMP)
Approximate price: $151.51
Approximate market cap: $388,065,104
ROI since launch: 49%
Compound is a leading Blockchain protocol for lending and borrowing crypto assets, and COMP is its token for maintaining the ecosystem.
With a modest 49% return so far, COMP still has some potential to grow, although it’s already at #41 in terms of market rank. Compound is a well-respected pioneer in DeFi that has been operating since 2017.
10. Serum (SRM)
Approximate price: $1.95
Approximate market cap: $97,336,371
ROI since launch: 1,669.75%
Made by the same people who created FTX and built on Solana, Project Serum is a decentralized crypto exchange promising speed and value for traders.
SRM is the token for governance within the platform. Its price has crashed since a peak at the start of September, but it’s still doing well and has a #102 market rank. SRM holders get large fee discounts on the Serum exchange as well.
11. Swipe (SXP)
Approximate price: $1.55
Approximate market cap: $113,318,657
ROI since launch: 674.38%
The SXP token is for use within Swipe, a digital wallet application customers can exchange or spend cryptocurrencies on. They can use SXP as a funding source, to stake, or to pay fees.
SXP has been around since 2019, making it older than most tokens on this list. But, after a recent peak and crash around the end of August, now could be a good time to get involved.
12. JUST (JST)
Approximate price: $0.035188
Approximate market cap: $79,536,764
ROI since launch: 1,641.99%
JUST coin (JST) is part of the two-token system on the JUST platform and TRON network.
JST is made for in-platform maintenance and fees powering the USDJ stablecoin.
13. Dash (DASH)
Approximate price: $73.31
Approximate market cap: $711,777,994
ROI since launch: >9000%
The DASH network is a fast-growing platform for handling digital money quickly and at a low cost. With thousands of merchants on board already, it’s leading the way to make crypto mainstream.
However, with an ROI since launch creeping into five figures and a market rank of #29, are the golden days of DASH’s growth over? Every pundit would give you a different answer.
14. Polkadot (DOT)
Approximate price: $5.10
Approximate market cap: $4,347,943,042
ROI since launch: 82.91%
The DOT token can be used on the multichain Polkadot network for governance, staking, and bonding.
The Polkadot network recently depreciated the value of DOT, to make it 100 times smaller. Does that mean it’s a good time to get involved? Some predict a downward trend after a very strong year, but it’s hard to deny that Polkadot is doing well.
15. TRON (TRX)
Approximate price: $0.027111
Approximate market cap: $1,942,738,868
ROI since launch: 1,221.67%
TRX is part of the TRON network for digital content, which JST coin (#12 on this list) is also built on. Some have accused the CEO of both projects of spreading himself too thinly.
Nonetheless, since it arrived in 2017, TRX has performed well and now has a market rank of #15. You can stake it on the TRON network, one of the largest blockchain operating systems around, or use it for USDJ on the JUST network.
16. Chainlink (LINK)
Approximate price: $11.16
Approximate market cap: $3,905,822,381
ROI since launch: 7,030.94%
Chainlink is probably the most prominent platform for decentralized price oracles with an eye-watering market cap and a #8 market rank.
LINK, the native cryptocurrency of Chainlink and has seen explosive growth this year — making it even more profitable than Bitcoin. But some believe it will grow even more.
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