It’s no doubt that 2020 has been a rough ride for the crypto sector and the financial markets as a whole. At the start of the years, the pandemic saw stocks and crypto prices plunge to an all-time low thanks to immense selling pressure as a result of market uncertainty. However, the crypto seemed to have recovered, offering excellent prospects for investors. Bitcoin, for instance, recovered from under $9k to currently trade around $12k.
Altcoins have generally displayed a bearish trend since late 2019, thus possessing an outstanding potential for making quick and long-term ROI. Nonetheless, not all altcoins offer profitable investment prospects. Some altcoins have higher profitability for investment in 2020; thus, you must seek out these hidden gems if you are looking to make some lucrative returns on your crypto investment.
Here are altcoins that are worth investing in the remaining quarter of 2020.
Liechtenstein Cryptoassets Exchange (LCX)
LCX is a multi-exchange crypto trading platform that offers crypto trades a single interface, i.e., LCX Terminal, to trade on all major crypto exchanges. Essentially, it's an all-in-one platform for all your trades. You can trade on all major crypto exchanges within a single interface. The platform seeks to become one of the world's first licensed and supervised security token exchanges
LCX features connected exchanges where you can trade across multiple exchanges, including Binance, Kraken, Bitfinex, etc. as well as smart order routing features, including a portfolio management system, analytics platform, and detailed reporting.
LCX is powered by the LCX Token, which is a utility token used to pay all fees associated with the services offered by LCX AG. The token can be used as a voucher to pay different fees, including LCX Terminal subscription fees, fees for custodian solutions LCX Vault, fees for exchange transactions for all crypto assets, and exchange fees for fiat-crypto-fiat transactions among other fees within the LCX ecosystem.
LCX's current price stands at $0.02107983, with a market cap of $11,347,197. The price prospect is positive, and a long-term increase is possible. Market analysts are predicting a 537.21% growth in investment by 2025. LCX is thus one of the best altcoins to invest this year.
Apollo
Apollo (APL) is the world's first all-in-one cryptocurrency that looks to integrate useful features of top-tier cryptos into a single decentralized platform. Apollo is the ultimate cryptocurrency that offers users endless possibilities that go beyond just making secure payments for products and services. The coin can be customized for use in different sectors of life and business. Apollo seeks to push the blockchain technology to its limits by creating token shares for corporations and the management of highly secured decentralized organizations.
Apollo is the most sustainable blockchain on the globe thanks to a wide range of features, including sharding and adaptive forging. In fact, it's the fastest crypto on earth with a settlement speed of two seconds. Apollo was the first cryptocurrency to successfully implement database sharding, which synergizes with adaptive forging to eliminate wasteful, non-stop blockchain creation. This technology simplifies the blockchain and lowers the required disk space for storing databases, enhancing transaction speed, and making the blockchain hyper-efficient.
Apollo Currency (APL) is currently trading at $ 0.000917 with a market cap of $13, 467, 725 USD. APL has been on a downtrend for the past one year since its inception, but the current price outlook looks good. The yearly average forecast price chart indicates that the price may hit $0.00287970 by early next year. In essence, Apollo (APL) is a profitable altcoin investment in 2020 with a huge ROI potential with over 2x.
FLits (FLS)
Launched in 2019, FLits is a Masternode and staking app that looks to streamline crypto trading. FLits Wallet is the first iOS and Android wallet integrating Decentralized Masternodes and Cold Staking. The app makes cryptocurrency trading seamless and faster. It comes with different features, including decentralized masternodes, cold staking, and integration to different exchanges allowing users to buy coins, sell off their rewards, and withdraw their earnings.
FLits is a profitable altcoin to invest in 2020 currently trading at $1.20 with a 24-hour trading volume of $15,318.50. FLS. The price could easily hit $2.0 by early next year.
TerraCredit (CREDIT)
TerraCredit by Terra is a decentralized platform that allows users to send and receive payments without a trusted third party. The platform offers free, fast, and secure Blockchain-based payments. The platform employs Proof of Stake consensus algorithm, which means that any user can become a block producer and get rewarded with new coins for supporting the network. Block producers are paid with newly mined coins instead of transaction fees.
TerraCredit aims to be a decentralized digital payment solution to the world's unbanked adult population. The Terra Credit desktop wallet is automated such that users earn a passive income without the need of expensive mining equipment of technical knowledge.
CREDIT is currently trading at $0.00617870 with a 24-hour trading volume of $72, 165. The coin has a favorable price outlook, with an ROI of up to 50% in the coming three years.
DxChain Token (DX)
DxChain Token is an Ethereum-based token that powers DxChain- the world's first decentralized big data and machine learning-powered by a computing-centric blockchain. The platform aims to solve the monopolization of big data in centralized environments. DxChain employs a purpose-built, multi-chain network architecture to provide a comprehensive solution for data acquisition, computation, and storage with a view on privacy and security.
The platform incorporates components of Hadoop, including high-level language support for data analysis and a framework for machine learning. DxChain combines proven data processing tools with the benefits of blockchain. In essence, DxChain offers a solution to data monopolization by big companies by providing a decentralized platform for big data.
DX is currently trading at $0.0022 up by 2.15% in 24hours. The market cap stands at $109,870,978. DX is a high-interest project; thus, you should invest in it. The current price is worth 1.57x the initial ICO token price, and market analysts predict a surge in price in the future thanks to the enormous use cases of the project.
Authors Thoughts
Choosing the right project to invest is vital for any avid crypto trader. A project with real use cases like the ones discussed above provides a better investment decision, unlike pump projects that within a short time. Well-structured projects with profitable prospects minimize the risk that comes with crypto investment. The above projects will offer a lucrative return on investment in the coming years. They have so much potential in terms of use cases that businesses and corporates can employ in their day-to-day operations.
