Cryptocurrencies Likely to Grow Over 1000% in Value This Year

In spite of some bearish periods, cryptocurrencies have mostly done well this year, managing to actually outpace most traditional financial assets.

In terms of percentages, the past year saw six out of the 10 largest market cap cryptocurrencies gain in value. Bitcoin (BTC) saw an increase of over 77% during the one-year period, Ethereum (ETH) over 27%, Bitcoin Cash (BCH) – 25%, Litecoin (LTC) – 36%, Binance Coin (BNB) – 190%, and Bitcoin SV (BSV) – 1.5%.

Based on the past price movements of some coins, we will try to determine which cryptocurrencies are most likely to see a growth of over 1000% this 2020.

Matic (MATIC)

Matic is another altcoin that has seen amazing growth in 2019, gaining +285% over the year. The coins biggest movement was a surge of 1,233% over the course of one month.

Matic Network is a unique blockchain project, as it combines Layer 2 scaling solution that uses sidechains for off-chain computation with the Plasma framework for security and a decentralized network of Proof-of-Stake (PoS) for validating transactions. Matic intends to became the go-to platform for dapp development and deployment.

Matic Network has stated that it has developed implementations on Plasma MVP (Minimum Viable Plasma), WalletConnect protocol, and Dagger- the Ethereum event notification engine. Matic plans on implementing multi-chain support and interoperability in addition to scalability to existing public blockchains.

During the month of May, the coin saw gains of 1,233%, but then experienced a drop of 52% in the same month.

When Matic was initially listed in April on public exchanges, one coin was trading for $0.003, then jumping to $0.04 on May 21. In mid-November, the coins price surged to its all-time high of $0.042 on Dec. 8. But then, the coin lost its gains with a drop of 70%, which placed it at levels it had two weeks before the bull run. The coin is currently priced at $0,022496.

Binance CEO, Changpeng Zhao, is one of the top advocates for Matic, and Sandeep Nailwal stated that he has proof of the sharp depreciation being caused by obvious manipulation.

In spite of all its bearish moments, the coin is still 7 times more than it was after it ended its initial exchange offering. Early investors are still in the green, which means that there still might be interest in fueling another bull run.

Chainlink (LINK)

Chainlink is on the must-watch list of every investor, as in 2019, in half a year, it surged with more than 1000%. Chainlink is a decentralized platform that is designed to incorporate the use of smart contracts in real-world data. The coin succeeded in outclassing many other cryptocurrencies in terms of price performance.

Chainlink has partnered to work together on projects with many companies from the tech ...

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