What is the name of a coin that surpassed Bitcoin in 2020 (how much Bitcoin can reach by the end of 2020)

What is the name of a coin that surpassed Bitcoin in 2020? Editor’s note: This article is from Caiyun Blockchain (ID: cybtc_com), authored by irish, reprinted with authorization by Daily Planet What are the coins that surpassed Bitcoin in 2020? This time point in 2020 is very special – in late 2019 and early December, Bitcoin prices suddenly surged by over 300%. But in the next month and a half, as the market continues to recover and Bitcoin prices continue to break new highs, various cryptocurrencies are beginning to show an upward trend again. After halving Bitcoin, a large number of new tokens have emerged Recently, more and more projects have positioned themselves as an ecosystem and will continue to develop. For example, agreements like DeFi can allow more investors to use it and transfer assets in a faster and safer way; 3. Currently, there are a large number of DeFi applications on the market that have been launched and running, but these applications still cannot interact or communicate with each other. Due to the fact that the development of DeFi has been one of the hot market hotspots since 2020, the total lock-in volume of DeFi reached $2 billion from January to the end of October 2019. 5. At the beginning of 2020, Dai, the most popular token on Ethereum, rose from $6 to around $17, up 158%. Since September 2020, the price of ETH has also significantly decreased, with a drop of 70%. This means that the value of the DeFi project has decreased significantly, but now its market value has more than doubled, reaching approximately $40 billion by the end of 2020. So 2020 will become a major bull market in the DeFi field. The biggest innovation direction in the DeFi field this year is decentralized finance. DeFi is a trusted financial service platform that enables direct transactions between fund pools without the need for third-party trust, and can complete complex processes such as loans without the need for intermediaries. This enables the entire industry to efficiently manage risks, reduce user participation barriers, and reduce friction costs, enabling everyone to quickly and conveniently create financial products and services, thereby improving efficiency. 6. Recently, many new projects are entering this track, including the release and launch of some potential new projects that may attract more followers and investors’ investment, such as Aave, MakerDAO, etc. Currently, most projects choose products developed based on smart contracts. For example, Uniswap, Balancer, 1inch, and other products are all developed through smart contracts, but due to the lack of external support, the development team of this product may not release it soon. Recently, two popular names have performed the best in the DeFi section. The first one is Compound. Its founder Robert Leshner revealed that his team has been actively promoting COMP as a token issuance plan. Another token named Synthetix has also released its own token name “SNX”

How much Bitcoin can reach by the end of 2020

Editor’s note: This article is from Nakamoto Onion (ID: xcongapp), written by Tan Shu, and published by Daily Planet Daily with authorization

2020 is another milestone for Bitcoin, which plummeted from a peak of $20000 on January 4th to around $52000 today. As of 8:30 this morning, the price was 33500 USD, currently in a historically high and volatile state. And just the day before yesterday, we have seen the performance of BTC and ETH in the past month, although there has been no significant improvement, they are still very strong, and there is also a clear downward trend. So the question arises, if the previous increase exceeded 10% or the decrease exceeded 50%, how much can it reach by the end of this year? Now let’s see how long this round of upward trend can last. 1. A few hours before the start of Bitcoin’s halving cycle, market review:

Price trend after Bitcoin’s production reduction

Bitcoin has undergone a very serious process of block reward adjustment in both recent stages, which will take approximately 7 weeks to complete. However, for the entire currency circle, due to the COVID-19 epidemic, the global economy fell into Hyperinflation and the tightening policies of central banks and other factors, miners had to reallocate their computing power to carry out mining work, resulting in a significant increase in new computing power; In addition, as the halving of Bitcoin approaches, more and more institutions are participating, so the demand for Bitcoin will continue to grow. What will be the first week after the production reduction in February? Firstly, in terms of the familiar ‘bull market’, ‘bear market’ refers to the expected long-term upward trend, also known as the medium-term downward trend. In this case, Bitcoin may once again break through the previous peak, reaching a new high near $100000, and then gradually decline Of course, there are also risks involved, such as high market volatility and insufficient investor position preferences

2. Is the half cycle of Ethereum over

According to the “Ethereum Classic (ETC)” described by Ethereum founder V Shen, it is simply understood that Ethereum Classic 2.0 will be launched soon, and the most representative is that Ethereum 1.0 will introduce the “Proof of Equity” (PoS) consensus mechanism. It adopts a dual consensus mechanism of POW+POS. On the basis of this consensus mechanism, Ethereum also proposed a new consensus model – “equity verification” (Ethereum as-a-Service). After assets are locked in for a period of time, the value of Ethereum will decrease due to network congestion and inability to trade normally The “merger” is expected to occur later this year or early next year. According to reports, during the merger period, the merger will bring more users to improve Ethereum’s network security. At the same time, this event may lead to large-scale clearance in the Ethereum ecosystem. However, if the merger is not successful or even fails, it means that there is still a lot of room for Bitcoin to be realized in the future

4. “Merging” refers to that when the main network of Ethereum is online,