Hey crypto passionate,
In this article I made a deep review about the my top 5 best cryptocurrencies to invest in 2020.
Before we start you need to understand that the cryptocurrency market is a high volatility risky market and this is not financial advice this is my own opinion
Before investing in any kind of cryptocurrencies make sure to do your fundamental analysis and your own research.
The 5 crypto that I am going to talk about have a real world use case and 4 of them can make you some money on the side without having to buy any of them, the only thing you need to have is a PC or laptop in order to start making some extra income. So lets get started.
Internxt is a distributed, highly secure and superior cloud storage service.
Internxt strives to compete with services such as Dropbox or Google Drive, their goal is to create a vast suite of innovative services that are suitable to be used by the mass-market.
The first service they offer is called Xcloud, Xcloud allow users to store their digital data, photos and videos in a truly secure, private and reliable cloud.
The data in the X Cloud is spread across a decentralized network of machines and all the files are encrypted and split, there are no single points for hackers to attack, It would be incredibly complex for anyone to access a file on this network and even if they could it would be worthless without the private key held by the owner.
Due to the decentralized nature of the X Cloud, this is also significantly more affordable than any service currently used by the mass-market.
With X Cloud, the user is the only one with access to his/her digital possessions and This service is available and fully functional since Q1 of 2019.
So How the X Cloud works?
Thanks to decentralization and end-to-end encryption Internxt is providing an ecosystem where users can enjoy all the benefits of cloud services. With a high security and privacy level. Files are end-to-end encrypted, split up into small bits and replicated in different nodes.
So who are the nodes and how do they work ?
This ecosystem is fueled by a cryptocurrency called Internext token (INXT) this token is used as a mean of payment to hosts, the hosts rent their unused hard drive to the Xcloud service and they get rewarded for that task in Internext token.
In order to become a host the users need to set up a node by downloading and installing the Xcore app.
X Core is a decentralized network of Hosts which eliminates the need for a central controller. Hosts provide the unused resources of their machines, creating a global, distributed storage infrastructure, the host has to choose the amount of gigabyte they want to allocate to the X Core network.
The more space you allocate, the more you earn, and if you want to know how much you can earn by renting your unused hard drive go to https://internxt.com/core and put the amount you want to allocate in their calculator and you will have an idea on how much you can earn per month.
Keep in mind that you need to have a FIX public IP and Xcore will ask you to open a port on your router in order to work. If you don’t have a public ip you can go https://www.noip.com/ and you can basically get a public IP for free.
The users don’t need to be active with their computer, they may leave it running in the background and the computer will earn a passive income.
All revenue generated from the xcloud is directly converted into internxt token. As an example, if the company realizes a profit of 1 Million dollars in revenue that would mean a direct buy order of 1 Million dollars for intenxt token in public exchanges. These INXT, will be distributed to the Hosts and the company will take a small commission as well.
INXT is an ERC20 token with a total supply 629,610 internxt and it has lost more than 90% of its value since 2018 that why I strongly believe that this crypto one of the best cryptocurrencies to invest in 2020.
Golem is a decentralized marketplace for computing power. It enables CPUs to connect in a peer-to-peer network, enabling both application owners and individual users to rent resources from other users’ machines.
These resources can be used to complete tasks such as scientific research, big data analysis, graphics rendering, machine learning, AI. Basically, any task requiring heavy computing power.
In other words, users can rent their computing power CPUs to the golem network and they get rewarded GNT token when they complete the tasks.
Requestors send tasks to the network, and those tasks are accepted by the providers of the computing power, then through the app, the provider performs such computations and when the task is done the requestor issues the payment.
With Golem, anyone will be able to rent their unused computing resources. Golem will enable any user to buy computing time from other users to complete virtually any task.
Users can start renting their computing power to the Golem network by setting up a Golem node, they just need to install the Golem brass beta app and choose how much computing power they want to allocate to the Golem network. A public IP or ability to forward ports is required in order to set up a Golem node.
Golem is an ERC20 token with a total supply 1000 000 000 GNT, it has lost more than 90% of its value since 2018 that why I believe that Golem is one of the best cryptocurrencies to invest in 2020.
Netbox is The first decentralized web browser with integrated blockchain node. It includes Netbox.Wallet, which is credited with rewards for the active usage of the browser.
The Netbox Browser is the first web browser that does not have a centralized infrastructure all personal data of the users belong only to them and decisions on the areas of development of the product are made by the community.
Each web browser is assigned with a address in the blockchain network, this address can store NBX.Coins the currency of the Netbox.Chain blockchain network. Each browser is a node of this network that secures stores and confirms transactions.
To confirm the truth, the Proof of Stake (PoS) mechanism is used, in which each member of the network can verify the blocks, ensuring their truth with a certain amount of the NBX.Coin.
The users of this browser are rewarded every day, when they browse the web or stake their nbx coins or by setting up a masternode and the amount needed is 10 000NBX.
This product is fully functional and extremely fast compare to other browsers.
The second product they offer is the Netbox store. It is basically A dApp store for free and safe distributed applications integrated into the browser. Usually To use such applications, users must install special add-ons in their web browsers, through which dApps will be able to perform operations in the blockchain.
These add-ons are already integrated into the Netbox Browser, making it fully available to run dApps for all popular blockchains. In other words, users of the netbox browser can freely find any dapps and run it.
The dApp developers can place dApps in the Netbox.Store that will make them available to the entire browser audience. At this moment in time the users can find dapps developed in the Ethereum protocol and the IOST protocol.
Users can hold their IOST assets in the IOST wallet extension available in the netbox browser and a Metamask extension is available to hold Ethereum assets as well.
A lot of categories of dapps are available such as, games, exchanges, collectibles, marketplaces, and others.
Many other products will be launched by the netbox global team in the future, such as the Netbox Pay which is a plastic card that can be used in any payment terminals and payment online.
Netbox Video is another interesting product and its aim to be a decentralized video hosting service. Such as dtube contentos and LBRY. The aim of this product is to compete with YouTube and Twitch and offer to content creators a non censorship environment to freely post whatever they want.
These 3 last products have not been released yet, but it will be super exciting to see a decentralized platform competing with big tech companies and offering real products for the mass market.
What about the pricing of NBX coin?
Nbx has been performing very well in this bear market the price has exploded from 200 satoshies to 1000 satoshies when they announced a partnership with IOST and integrated the dapps store into the browser.
Since then we are seeing an uptrend and the price are stable at 600 satoshies at this moment in time.
I am extremely bullish on this project I really believe in it, but this my own analysis not financial advice and consider doing your own research.
LBRY is an open source, and community-driven digital content marketplace, working in a peer to peer manner, in other words LBRY is a kind of decentralized YouTube platform working like Bitorrent.
Content creators can publish their videos images and their posts and they get rewarded with LBRY credit coin (LBC), which is the cryptocurrency that fuels the network.
LBRY is currently supported on Desktop/Android and they have a web app as well.
At this time LBRY have more than 750K published items movies, videos, images, games, documents and more they also have top creators on YouTube publishing in their network.
Users of the LBRY app can get rewarded LBC coin when they download a content when they subscribe to channels and when they invite other users via their referral link, they also get rewarded between 1 to 100 LBC every day just by watching at least 1 video per day.
The LBRY desktop app is simple the design is beautiful and it is super easy to use.
There is no advertisement in LBRY platform which make it a beautiful place for entertainment since no noddy is bothered by advertisers.
So how this economy works if there is no ADS ?
LBRY Credits, has a max supply of 1,000,000,000 LBC this will exist, according to a defined schedule over 20 years, and the coin distribution looks like this:
10% for organizations, charities, and other strategic partners.
20% for adoption programs users and publishers of the lbry app will get rewarded from that 20%
10% for the company and it will be used for operational costs and profit as well.
And 60% earned by LBRY users, via mining the LBRY cryptocurrency.
Publishers on this platform get 100% of of the rewards and they have a small fee for each piece of content they publish. Another way to earn is by receiving tips from other users and this is a great way to earn as well.
LBRY has a unique feature which can help content creators get more views and grow their channels. This feature is called support and publishers can use the lbry credit coin to support their content.
Depending on the amount of lbry credit they put their content will be placed on the top or near to the top of the search results.
These LBRY credit can be redeemed at any given time by the publisher, users can do the same thing to support their favorite channel. This feature allows small channels to compete with big channels on a daily basis. I like this concept because it is totally fair for small channels
If we look at the price of LBRY credit it has lost more than 90% of its value since 2018 but we are seeing a nice up trend forming since November 2019 more 300% up since then.
Yes guys for me bitcoin is definitely the best cryptocurrency. And I am going to show why.
If you talk to the average person al around the world about Alcoins ICOs or blockchain technology or dApps 99% of the time they don’t know what you are talking about.
But if you ask the average person about bitcoin they most likely heard about it , even if they don’t know what exactly bitcoin is or how it works they know that it is a digital currency and they know that bitcoin is super expensive.
Bitcoin is accepted online as a payment method in major online stores, bitcoin is considered as a commodity on the stock market similar to gold and silver.
And if we look back in time at the bitcoin chart you can actually see what I am talking about.
From September 2010 to June 2011 Bitcoin went from 0.07$ to 28$ which was 400X 39 900% profit
Then bitcoin lost 90% of its value it dropped down to 2$ in 2012
Then boom from 2$ to 230$ in 2013 which was a 110X profit more than 10 000% profit.
And again in few month bitcoin lost 70% of it value from 230$ to 66$.
And within the same year bitcoin went from 66$ to 1100 which was 17X more than 1000% profit.
Then Bitcoin drop down 80% from 1120$ to 200$ in 2015.
And again bitcoin went to the moon in 2018 from 200$ to 19000$ which was 9000% profit.
After this giant bull run bitcoin drop down to 3000$ and we and we are here guys.
Just prepare yourself for the big massive returns.
I hope this Article was helpful for you, and if you want to learn some basics on how to trade Bitcoin check out this FREE Training
Thanks for your time and as always.
STAY PEACE AND MAKE THAT BITCOIN
