Bull Run 2020: The Big Three Crypto’s (All Beginning with B)
In the Crypto Bull Run of 2017, any amateur investor or trader could’ve (and probably did) make a fortune. The only thing standing in the way of further profits was himself! I’ve learned that the best trading strategy is coincidentally the easiest: Do nothing, buy and hold.
We saw the creation and proliferation of hundreds of crypto assets. Did the project have a friendly website and a white paper? That was good enough for the ICO to raise tens of millions. However, nowadays the landscape is dramatically different.
Many of these well-funded projects have gone underwater and were washed out in the 2018 Bear Market. The Crypto Markets have matured. Although there are still scammy projects out there, for the most part, investors are more knowledgeable, and their bullshit detector is stronger.
It is fair to say that Crypto wasn’t ready for the incredible price explosion in 2017. Exchanges couldn’t control the flood of new customers, Coinbase only had three cryptos available on their platform, and everyone suddenly quit their jobs to become a day-trader. Things are much, much different this time around.
The infrastructure is more robust than ever. Only the most reliable and most secure exchanges remain, with Binance emerging as the global leader. Coinbase now offers dozens of crypto’s on their platforms and has plans to make available over 100+ cryptocurrencies. Bitcoin is now as easy to invest in as any stock, with Robinhood and E-Trade offering the crypto. The Winklevoss Twins launched their crypto exchange called Gemini. The list goes on…
I believe that we are on the verge of the most remarkable Bull Run of any asset in the history of the world. Fundamentally, everything is stronger than ever before, and the systems are in place to handle massive price increases. It is only a matter of time.
That being said, unlike the Bull Run of 2017 where everyone alt-coin went verticle, only a select few crypto’s will break out. Below is a list of (fairly obvious) cryptocurrencies that will play a MAJOR role in the impending Bull Run:
Bull Run 2020: Three Crypto's to Watch
3) Binance Coin (BNB)
If you don’t have exposure to Binance Coin (BNB), I implore you to stop what you’re doing right this instant and buy some. Ok, maybe finish this article first…
The cryptocurrency exchange Binance rose to first place on the global exchange leaderboards in just five months. In March of 2019, Binance recorded an average daily volume of around $800 million with millions of active users. They are expanding at an astounding clip, with operations coming to New Jersey in the United States and increased offering for FIAT exchanges with support for Euro, British Pound, and more!
Overall, Binance has been a bright spot for the cryptocurrency ecosystem by injecting investment for various blockchain projects through Launchpad. They have so many projects underway, including a decentralized exchange (DEX) that could prove to be a potential disrupter for the centralized exchange business. Overstating the impact and influence of Binance is difficult.
The recent news of coins merging onto the Binance Coin (BNB) blockchain has many speculating on if it will overtake Ethereum has the 2nd largest cryptocurrency (although BNB doesn’t support smart contracts). Last week, Binance Coin hit a fresh all-time high, and I expect the crypto to continue to outperform the market moving forward.
If you haven’t already, check out the Binance Exchange and purchase some Binance Coin (BNB)!
2) Basic Attention Token (BAT)
Brave Software, the company behind Basic Attention Token (BAT), believes the digital advertising space is broken. To understand Basic Attention Token (BAT), you first need to understand the Brave Browser.
The Brave Browser is a fast, open source, privacy-focused browser that blocks third-party ads and trackers, and builds in a ledger system that measures user attention to reward publishers accordingly. It has a similar look and feel to Google Chrome, which is no surprise because Brave is built on the same open-source code: Chromium. The main difference is the ultra-aggressive ad-blocker mentality Brave has adopted. The browser eliminates all advertisements along with ad trackers, which can be used to track what other sites the user has visited in the past and future.
Brave, the company behind the Ethereum-based Basic Attention Token (BAT) had a wildly successful ICO – generating $35 million in under 30 seconds. One buyer even paid $6,000+ in ethereum mining fees to guarantee their place at the top of the line. It’s easy to see how they raised over 156,250 Ether – the highest grossing amount to date – in their ICO.
Since then, the Brave Browser has seen an explosion of users and is a real threat to Google Chrome. The price is beginning to reflect that, with Basic Attention surging over 60% last week.
The Brave Browser is a unique product that I use every day on both my mobile phone and laptop. More and more publishers are integrating the Brave Browser; in fact, I just received an email from Rescue Time announcing support for it while typing this article! Go ahead and try it out for yourself! You earn $5 worth of free Basic Attention token when you download and install it!
I expect Basic Attention Token to perform exceptionally well and it makes up a good chunk of my portfolio. You can also purchase Basic Attention token on Binance as well!
1) Bitcoin (BTC)
You had to have been expecting this one, right?
I see it all the time in my Twitter newsfeed, “XRP is the standard.” I could not disagree more! BTC is the standard!
Bitcoin’s fundamentals continue to strengthen, despite the noise from the media declaring it dead (again). In fact, someone made a website to keep track of the count of every time someone in the press states Bitcoin is dead. Regardless of the noise, the fact is that the best and brightest minds have shifted their attention towards Bitcoin and are focused on building a better future – one with financial inclusion for all.
Everyone deemed investing in Bitcoin a few years ago a risky investment, but now, the prospect of not investing in digital currency at all is the more perilous endeavor. Bitcoin is the only asset that has a realistic chance of a 20 – 50x (or more) increase in value over the next five years. To echo my thoughts from earlier, the best trading strategy is simply none at all: just buy and hold.
It should come as no surprise that Bitcoin offers the highest potential return of any cryptocurrency. For purchasing Bitcoin, my preferred exchange is Coinbase!
I hope you enjoyed this article and would love to hear your thoughts. Which cryptocurrencies do you think will perform well in the next few years?
Thank you for reading!
Good info... any chance at sources for some of the info especially regarding Binance in New Jersey. 👊🏼🙏🏽👍🏼✌🏽😎
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Wow! haha i digged a little deeper and it turns out it's just called "Binance Jersey" and has nothing to do with New Jersey. I will need to update my article :)!
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