The top 6 performing Cryptocurrencies in 2020 and their significance
As the global cryptocurrency market capitalization nears the $600 billion mark, cryptocurrencies are gradually becoming the center of the financial world. The fact that “cryptocurrencies are the new face of finance” is being embraced by every person.
The paradigm shift for the financial world has been long pending and cryptocurrencies have become the long-awaited revolution. Brought to conceptualization through the powers of Blockchain, cryptocurrencies have proved their worth far beyond being just a payment mechanism. Being in a nascent state, they are constantly evolving to accommodate the financial needs of the modern world providing better returns, more transparency, banking the unbanked, and much more.
Moreover, considering the fact that even though the world economy has suffered substantially due to the COVID-19 pandemic, cryptocurrencies have yet again proved their dependency and perseverance. Even in the face of a global pandemic, the performance of cryptocurrencies has been significant.
As fiat loses its value, cryptocurrencies, like CAP by Capital.Finance, have experienced an increase in adoption and innovation. Concepts like yield farming and crypto derivatives are further strengthening the supremacy of cryptocurrencies.
Mentioned below are the top 6 performing cryptocurrencies in 2020 which are the epitome of how cryptocurrencies are becoming the new normal of the financial world:
- Ripple
- Ethereum
- Tron
- EOS
- Tether
- CAP
The above-mentioned cryptocurrencies are the top-performing ones not because of their market capitalization or their growth but also because of their promising applications.
Ethereum has become the center of the DeFi world, Ripple is believed to replace the current “SWIFT” system, Tron has become a new standard of sharing content globally, EOS offers free transactions and a truly decentralized ecosystem for the Blockchain world, Tether, a stablecoin pegged to USD, aims to digitalize the cash, and CAP is one of the fastest-growing cryptocurrency. CAP offers a host of services such as staking, farming, swapping, and trading which makes it one of the few cryptocurrencies to accommodate such a wide array of user requirements in the DeFi ecosystem.
CAP by Capital.Finance is the most significant cryptocurrency. All cryptocurrencies have been built on sheer innovation but their complete inclusion in the current system is at an infant stage and is quite uncertain. In the midst of this uncertainty, is CAP. The token by Capital.Finance is aimed to club all the DeFi services under one roof so that a true DeFi ecosystem is available to the users.
Moreover, DeFi may be the most popular financial structure at the moment but the future of DeFi requires seamless integration across various industries. CAP by Capital.Finance has the ability and potential to be integrated into various domains. Many strategic partners are currently building their POCs that revolve around a token-based approach leveraging CAP.
Want to build a decentralized application powered by a prominent cryptocurrency? Buy CAP on any major exchange like CoinMarketCap, Uniswap or visit Capital.Finance and contact our experts to get a free consultation for your use case today.
