Bitcoin hitting $28,500 for the first time and a market capitalization of $530 billion makes 2020 the craziest year for cryptocurrencies. Although most altcoins haven’t established new all-time highs, the entire industry certainly looks poised for a massive rally within the upcoming 12 months.
Many investments have been extremely profitable in 2020 for investors, mostly the sale of tokens. We are going to take a look at some of the best and most profitable coins in 2020.
The Graph (GRT) – 28x returns
The Graph is an indexing protocol that was launched almost three years ago but conducted its first public token sale on October 22, 2020. Each token was sold at a price of $0.03 and there was a limit of $5,000 per registrant.
After finally launching its mainnet in late December, GRT got listed on Binance and Coinbase, and other popular exchanges and saw a massive initial pump to $0.12. However, GRT’s all-time high clocked at $0.85 on various exchanges, giving early investors a return of 28x in merely three days of trading.
What’s even more special about it, is that all the public sale tokens were fully unlocked and the digital asset experienced a massive influx of trading volume at a high of $2.7 billion, making it extremely liquid.
Orion Protocol (ORN) – 77x returns
Orion Protocol is a liquidity aggregator that utilizes every CEX, DEX, and swap pool to provide the best liquidity and prices. Orion conducted a token sale on July 14, 2020, selling each token at a price of $0.1.
A few days later, the digital asset started trading on KuCoin and Bitmax and quickly jumped to a price of $3. ORN price continued climbing for the next few weeks eventually hitting an all-time high of $7.75 on KuCoin and managed to stay around the $6-7 area for a few days, giving early investors a profit of up to 77.5x.
Orion Protocol has been listed on Binance and other exchanges since then and finally launched the early version of the mainnet.
Chainlink (LINK) – 10x returns
Although Chainlink didn’t have crazy returns like the other coins, 10x is still impressive considering the digital asset has been trading since September 2017 and was already had a market capitalization of around $1 billion at the start of 2020.
Chainlink price had a massive crash in March 2020, like the rest of the market, and dropped from $5 to $1.5. However, a few months later, the digital asset had one of the biggest crypto rallies this year jumping towards an all-time high of $20.11 and giving early investors a return of 10x. Chainlink managed to reach a market capitalization of $6.6 billion and still holds $5 billion despite the recent correction.
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Disclaimer: The authors of this website may have invested in crypto currencies themselves. They are not financial advisors and only express their opinions. Anyone considering investing in crypto currencies should be well informed about these high-risk assets.
Trading with financial products, especially with CFDs involves a high level of risk and is therefore not suitable for security-conscious investors. CFDs are complex instruments and carry a high risk of losing money quickly through leverage. Be aware that most private Investors lose money, if they decide to trade CFDs. Any type of trading and speculation in financial products that can produce an unusually high return is also associated with increased risk to lose money. Note that past gains are no guarantee of positive results in the future.