Top 10 Cryptocurrencies for 2020. If you’re interested in looking at that with us, I imagine you will love and enjoy this Livestream video’s blog post that we are putting together here in real-time based on my research and experience since 2013 being in the crypto world.
I have the best value proposition for you as I’m giving this to you unbiased. I have no sponsors, no investments, no interests selfishly in any of these top 10 cryptocurrencies for 2020.
I purely am interested in talking and researching and helping you make whatever the best investment or buying decisions you’re going to make.
The cool thing is I’ve selected 7 cryptocurrencies myself and then viewers through the live chat are going to start telling you what the best cryptocurrencies are in their opinion and will pick 3 more from the chats.
These are not going to be big surprises. I’ve thought about this one key thing with investing i.e. don’t lose money.
Therefore, I’ve selected safe top 10 cryptocurrencies for 2020 , have a lot of users and most of them have a long proven history. The idea being you can just put money into these, leave it there and count it as a store of value indefinitely.
These are not currencies I think that is great to just try and trade. I haven’t picked any cryptos that are just moon shots.
For example, all of these are aimed at steady reliable returns. So, without any further introduction, let’s look at the data.
This is off of Coinpaprika and this is just the one-year return rates. As we can see, most are in the negative except Bitcoin. It is up 42% on the year even as most of the others are down.
Therefore, with no surprise that I am actually picking Bitcoin as number one because it has the longest proven history. It could go to a hundred-plus thousand and here’s why?
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The number of Bitcoin available as people keeps using it actually is probably shrinking faster than it’s being mined. One of the big reasons Bitcoin goes up is because people keep using it and then losing it in a wallet or breaking it into small fragments.
Therefore, the amount of usable Bitcoin keeps going down unless somebody that hasn’t been trading or using their Bitcoin unloads it plus for any Bitcoin forks, it’s attractive.
This is a really simple and obvious thing is just holding Bitcoin now.
One of the biggest mistakes I made in my crypto portfolio when I had one was unloading all of my Bitcoin into trying to get moon shot all coins which well when it worked, it was great and when it didn’t, it really stings to lose a bunch of money.
Therefore, having some Bitcoin if you believe in the crypto space is kind of the gold standard.
The second one also will be no surprise which is Etherium. Etherium has the most developers from my research. It has a massive network and tons of applications. It’s one of the tops if not the top platforms for launching ICOs.
A lot of money can come in through ICOs and Etherium got its eye on moving beyond ICOs.
Therefore, again really easy and obvious choice and yet to me this is a very safe choice. Both Bitcoin and Etherium are really safe choices where you can invest.
Well, I don’t care what you do with your money but I’ll show you the both of these have had highs much higher than they are now. Etherium has been up almost 10 times where it currently is.
To me, it seems safe to say it’ll get there again. Bitcoin was up to $20,000 before and therefore the odds seemed really good to me that it’ll get back there again.
Thus, Bitcoin seems like a very stable investment also.
Next, Litecoin. All 3 of these have in common. These have a very long history. Bitcoin on the data back to 2013. Ethereum back to 2015 on this data and Litecoin back to 2013.
I have selected those top 10 cryptocurrencies for 2020 that have a long-established proven history.
To me, that means a lower likelihood of the cryptocurrency suddenly disappearing because with investing, the worst thing that can happen is you can lose everything and invest in the currencies that have long stable histories doesn’t eliminate the possibility but it does minimize the risk of losing everything, especially over time.
Thus, Litecoin is my next pick. Litecoin is very stable. It’s hit price highs that are way higher than where it’s at today. For example, it did go up to $283 which is down now today at $65.
To me, it seems totally reasonable. It could go back to $283 at some point and to me, this is another very safe coin where you can have good odds on it not going anywhere.
I’ve skipped over some of the other top coins that I don’t think are as good of a bet for 2020 and that doesn’t mean that it’s the truth. It just means my opinion.
Let’s look at some of the other ones that are I’ll look at one that is in the top 10 Cryptocurrencies for 2020 and then we’ll move out of the top 10.
EOS, I never got involved in EOS but I am very excited about EOS from all the things I see. I don’t have any EOS myself and what I really like is the amount of money EOS has and raised through ICO is remarkable.
Projects like Voice.com on EOS, I applied for the beta for it and this is a really exciting project to me in the idea to do social media write on a blockchain and help people earn rewards directly for participating and projects like this to me make EOS really exciting.
The downside of EOS is it’s still a lot newer than many of the other top coins but at this point, it has 2 years of history which is really good.
If you look back now, it’s got more than when you count the ICO. It’s got more than 2 years of history at this point and again with the others, it’s been up to $18. Totally reasonable that it may go back to $18 in 1 to 5 years and the EOS has one of if not the most active network in terms of the number of transactions.
Therefore, EOS looks like a really good bet.
All of these you’ll notice these are all blocked chains themselves. They’re not utility tokens. They’re not built on top of another. That means the EOS and Etherium, both have the ability for ICOs and Coins to launch on top of their platform and the success of any of those builds the network themselves.
Thus, out of the top 10, these are my picks out of the top 10 cryptocurrencies for 2020 till now. Bitcoin, Etherium, Litecoin, and EOS.
I also really like the exchange coins, however, the exchange coins to me seem to have good potential to lose everything because exchanges can get hacked and if an exchange gets hacked, the coin itself might go to almost zero.
The whole exchange could easily collapse. To me, some of these exchange based coins could be really good to invest in when they come out but they pose a much higher risk and for that reason, I have not included the Binance Coin.
Even though, it is the highest returning coins currently in the top 10 cryptocurrencies for 2020 that also might mean that it has the most room to go down in the top 10 cryptocurrencies for 2020 because you want to buy often after some things went down and if you’re trying to time the market, sell when it goes higher.
Therefore, the Bitcoin Forks, I personally think very low of the Bitcoin Forks. Bitcoin Cash and Bitcoin SV, these just don’t excite me and they offer none of the value that Bitcoin does as the originating coin so to speak.
I personally don’t see any of the Bitcoin Forks going anywhere because if you want to get off of Bitcoin itself then you’ve got Ethereum, Litecoin, EOS and then some people I imagine might suggest you’ve got Ripple and these other coins.
If you want to get off the original Bitcoin blockchain, there are a lot better options to me than the Bitcoin Forks and the Bitcoin Forks, any of the big Bitcoin holders that have any of those Forks can easily dump and kill the value of some of these.
Thus, those 4 are my top picks out of the top 10 cryptocurrencies for 2020 . We will go over here into some that are not in the top 10 and we’ll go into viewer picks.
I am grateful we had so much positive feedback on the last stream for crypto. After I go through the 7 that I picked out, we will look into viewer suggested cryptos because what I see is the viewer comments on YouTube but very often pointed out things that went way up.
For example, viewers were really excited about EOS at just a few cents and it went up as much as like 20 to 50 times when viewers were talking about it versus the highest point and same thing with a bunch of other cryptos.
Therefore, I intend to have the chat both now on the live video and the video after it’s done to be a place where you can do further research.
David Pierce: How can you cash out when you need the money you invest?
Well, I cashed out trying to time the market before in 2018 and thankfully, I did time the market really well on the one crypto. I’d went all-in and it’s now down 90% from when I did the majority my cashing out on it.
Yet, if you really want to make the most money and you really believe in the crypto space, the ideal seems to be to put in what you can afford to lose and you don’t need to touch and keep putting in regularly.
Michael: I want to get to your conference call today.
Nice, if you want to join me for a conference call, just hop over to jerrybanfield.com. Hop over to the workshops and click on that one-hour workshop, set your time zone. There are 23 spots left in the call. Make sure you’ve got on it at least one hour in advance. You won’t be able to book faster than that.
Next one is Stellar. I did some research before this, lots of positive comments and feedback on stellar. I like the building of financial products because with the financial products that tends to draw a whole lot of money in.
Stellar has a strong network. Stellar was mentioned on my channel a bunch of times in videos when the price was still below one cent and you’ll look today and see that it’s 6 cents even after hitting a high of 68 cents.
Thus, the data on this looks good. It’s hit a high 10 times where it’s at today.
I remember talking about Bitcoin when it was down in the $200 or $300 that it had been up to $800 or $1,000 before it looked good odds to go over that again and then it went up to $20,000.
Thus, Stellar has a long history also. Stellar was mentioned a bunch of times on my channel before the price pumped here at all on it and before this big pump again. So, Stellar to me from what I’ve seen has an outstanding future.
It’s on a lot of different markets and it allows the near-instant payments with zero fees and it’s a smart contract platform.
Tron, the next one will go over to Tron. I just have finally learned a bit about Tron. Tron has probably the shortest history on any of these I’ve looked at here with only going back to 2017.
So, it’s a newer project which to me a longer more established project means safer investment and with investing as I’ve learned the hard way an investment that’s safe and that you won’t lose your money on or your sanity, that seems to be a really good bet.
Tron also has the lowest spike compared to where it’s at now of most of these. I mean, this is about 10 times. So, if you think it’s possible it could go back to 16 cents ever, it’s 90% less than that today and it has remained stable after the big drops which is a good sign.
What I really like about Tron is BitTorrent. It acquired BitTorrent and BitTorrent has a lot of users as you can see every month more than 170 people use BitTorrent.
Thus, when you’ve got a lot of users, that is really good for potential growth. Ultimately, the weak point of most cryptocurrencies especially the new ones is a lack of users. One reason Bitcoin and Ethereum are at the top as well as the top 10 cryptocurrencies for 2020 is because they have a lot of users.
Users that also help drive the value up of a currency by using it and then losing it, especially with crypto, you get a few cents here, a few cents there in a wallet. The more people use it, the more people forget about it, lose their wallets and pass on.
The more you get cryptocurrency that’s not tradable that’s not actually available to have anyone use it and thus the more users you have, the more the value of the currency is likely to go up.
Tron with having acquired BitTorrent and BitTorrent is a coin that is on Tron and I like anything all of these Etherium, EOS, Tron that you can launch applications on. To me, those seem like a really good bet.
Well, I’ve excluded lots of them but these seem like a good bet.
Finally Dash, which I did promote a lot before and then sold my Masternode. It is down a lot right now from its high. It actually is one of the highest drops on here from its peak.
So, I promoted Dash a whole lot in the beginning of 2017 when we see this spike get going and it just went crazy after that and Dash is actually out of all these I mentioned one of the farthest down from the peak.
If you want to know in detail about how I sold my Mastenode for $70,000+, I recommend you to watch the video below.
What I really liked about Dash that got me to initially promote it is that Dash has this self-funding mechanism. For Bitcoin, it depends on the developers who are mining Bitcoin and the people in the community to just develop it.
Etherium, the same thing. You’re dependent on the miners that are earning all this money from the mining and the core development team is a part of that.
What I really like about Dash, it has this decentralized system where the core development team and the big people in it with the Masternodes do have a lot of saying what gets approved but I, for example, got Dash budget proposals approved to do videos about Dash.
With the big price drop and the long history of Dash, I think it’s a good long-term hold especially as I have friends that are still very involved and super positive about Dash.
I think Dash is maybe one of the most under valued currencies in the top. It slipped down to #17. Thus, out of all of these it may be one of the more undervalued.
This is not a sponsored video. I’ve just looked at these and presented whatever feels right for me and I trust if you want to see some more that well you know what to do and hit that subscribe button on YouTube.
I recommend, if you want some of those moon shot coins where you could buy it today at once and it’s worth a hundred, often trying to find some of those can make a whole lot of money. However, I’ve made the most of my money in cryptocurrencies working off of the coins in the top.
For example, I made seventy something thousand selling my Dash Masternode. I made all that I had worked up to getting the eleven thousand to buy the Masternode, Bitcoin and Etherium.
Therefore, the best places to earn in the crypto for the long-term seem to be the coins that are the most stable that you can just put into and hold for the long-term.
Leonard Benn: Bitcoin halvening means there will be less reward for miners.
Yes, thank you. I remember that from a long time ago when I first learned about Bitcoin and what Bitcoin does through over time as the value of Bitcoin goes up, the remaining rewards are continuously reduced.
As long as Bitcoin doesn’t go to zero, it has a good shot to increase in value until it’s no longer used which could happen.
Vinod: Cardano is my favorite.
I’ve seen a lot of people talking about Cardano and I will include Cardano at number 8 then. I’ve picked Bitcoin, Etherium, Litecoin, EOS, Stellar, Tron, and Dash as mine. Let’s talk some about Cardano.
Now, I read a viewer comment on a previous stream that says Cardano has a lot of ETM contracts in Japan. I like that Cardano is a cryptocurrency with its own blockchain. It’s another platform that has smart contracts, decentralized apps, side chains, multi-party computation, and metadata.
I know there’s been a lot of excitement. It’s actually down 56% this year and if you look at the maximum on Cardano, it is newer as well.
The peak was almost at a dollar and now today it’s down at four cents meaning it’s down. The all-time high was twenty times where it’s at today.
Coinpaprika sponsored video with me about a year ago. They didn’t sponsor this one. I just have got used to using this and this is what I use now whenever I look at crypto.
What I like is you can see on this how far away something is from the all-time high, for example, I mentioned Dash. It went down a lot. Cardano actually is farther away from the all-time high than Dash. Therefore, Cardano to me, it seems it could have a lot of upward potential going forward.
Rajveer: Where to buy cryptocurrency?
It depends. I use Coinbase. To keep this video unbiased, I have not put any affiliate links to anything crypto related in the video and Raj, I suggest the best place to buy crypto depends on what payment methods you have available and what country are located in.
Whatever you can find that helps you buy a crypto, that might be a good blockchain.
I think decentralized applications also are one of the indicators of a valuable blockchain. One thing I do like about Steam even though it’s almost worthless, it has a lot of decentralized applications.
Let’s take a look at dapp.review that Trayvon James suggested.
You can hit explore. I’m looking at this for the first time. This is cool. You can click on a specific blockchain like Tron and you can see a bunch of casinos as well as an exchange.
Cryptocurrencies are very attractive for things like online gambling and betting. To me, if a cryptocurrency can help with the online betting and gambling, that’s a massive market and therefore, a lot of potential value in that.
What I did to get the video the most potential reach on youtube, I copied and pasted the top 50 cryptocurrencies listed today and that helps the video get out there more on YouTube because I might not mention things like Bitcoin SV by name but when it’s in the description, YouTube knows that someone watching a bitcoin SV video might potentially like mine.
Rajveer: I’m in India. Cryptocurrencies are banned here. Which cryptocurrencies can be bought through PayPal?
That’s interesting. If it’s banned in your country then I imagine you might need to travel or find someone to buy directly via PayPal.
However, if it is banned whether you can hold it, access it and potentially lose it, that might make it less attractive. You could always move somewhere else.
Wounded Warrior: Jerry, you should use and promote the Brave Browser, as a verified content provider you can get paid in BAT.
Yes, I have been using and promoting the brave browser. I am using the brave browser actually right now to do this.
I removed my affiliate link and I didn’t put Brave in as one the top coins because that would have made this a biased video where I had a self-interest in promoting the Brave Browser and earning $5 that you get.
I do like Brave as a utility token. I also did not go with any coins that aren’t actually their own blockchain. Basic Attention Token I think was the last cryptocurrency I actually bought. I bought it at 11 cents and sold it at 40 cents and that was my last significant crypto trade.
I think Basic Attention Token does have a lot of potential. It is a utility token based on the Etherium blockchain which means anything that happens with the Ethereum could have potentially impact Basic Attention Token.
I’ve earned hundreds of dollars doing the Brave Browser referrals. There’s no link in this video but there are links in many of the other videos.
Brave is very good for browsing and ad blocking. Brave has good potential because it has actual users that are on web browsers. Brave is not a browser I use by default though. I tried Brave as a browser and compared to Google Chrome is just annoying.
Brave is my browser if I want to research, for example, doing videos. I use the brave browser because then none of my personal information gets showed by accident and I’m able to get an ad-free browsing experience which for better or worse is nice.
I think researching which applications are on which blockchains can give you a very good idea of where the real value is in a blockchain. This is awesome. You can just browse all the Daps on each blockchain. There are a lot of Dapps on Etherum.
You can go over to EOS on DAPP and see the apps on EOS. For example, there’s WhaleEx. You can see the actual number of users on each of them.
There are a lot of casinos popping up on many of these. You can look at Steam that I used to pump and maybe it’ll make a comeback. I don’t know but there are a lot of Dapps on Steam as well but most of them have gone inactive now.
The key is all about users. If you’re going to have a cryptocurrency that will succeed, it’s got to have users. Tron has a good number of users on its top applications which is great.
Rajveer: Should we buy Tron?
I am no longer advising on specifically what anyone should buy or my specific price predictions. I’m helping you with your research and I trust from there, you can make buying or selling decisions that work best for you.
I’ve banned myself from buying cryptocurrencies even if they are the top 10 cryptocurrencies for 2020. I no longer buy currencies because to me, it’s addictive and then there’s the self-interest like “Alright, I’m gonna buy this and then I’m going to promote it”.
I’m not even sure if that’s legal or not. I think it’s legal as far as I know. So, I’m staying out of any specific advice on what you should buy. All I am intending to offer his to help you see what specific opportunities are right for you if there is one.
So, for me, that’s where I’m at personally.
I’m excited to just watch and essentially report on the top 10 cryptocurrencies for 2020 in the world today and I am open to earning any cryptocurrency through things like browser referral programs but I’ve limited that on this video.
On DappRadar, you can see these different rankings that you can see the balances on here. You can look at specific applications. This is interesting. You can look at new Dapps. You can see the volume and the users on these.
So, you got DappReview and DappRadar. You can look at both of these to get an idea of what applications you can use on these blockchains. I trust that I have explained in detail about the top 10 cryptocurrencies for 2020.
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I appreciate all of you reading here about the top 10 cryptocurrencies for 2020. I love you. You are awesome. Thanks for the chance to serve you today and give you some information I hope is helpful and I’ll see you in the next post.
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