The Biggest Cryptocurrencies That Reached ATH in 2020

2020 has been the most productive year for cryptocurrencies since the 2017 boom. Some digital assets not only increased significantly in value but also updated their historical highs, while others have not even come close to record indicators. Today, this article will focus on cryptocurrencies that hit a new all-time high (ATH) in 2020.

Bitcoin – $ 29,300 

The “digital gold”, the undisputed leader, displayed an incredible and, perhaps, the most anticipated (by investors) performance ever, unexpectedly reaching a new price peak. Note that, despite its status as the leader of the cryptocurrency market, Bitcoin was not the first to update its maximum in 2020. But without a doubt, this is one of the most significant events of the past year. Bitcoin’s price reached $ 29,300, which is 51% higher than the previous maximum in 2017.

The capitalization of the main cryptocurrency exceeded $ 500 billion for the first time since the beginning of 2018.

Polkadot (DOT) – $ 8.08 

The token Polkadot token went public only in August 2020. After the listing, the price skyrocketed and just as suddenly plummeted, followed by a prolonged period of stagnation. But already in December, against the background of the growth of the crypto market, the DOT token renewed its maximum, and its rate exceeded $ 8.

Polkadot is an open, decentralized platform that aims to improve performance and interoperability of blockchains in the DeFi infrastructure. The platform will allow blockchains to exchange data with each other and perform cross-chain transactions. This solves the problem of isolation of cryptocurrencies, which were previously a network of disconnected “islands”.

Experts call Polkadot “the next Ether”. The project has great prospects and, despite its youth, its successes seem overwhelming: in less than six months, Polkadot climbed to the 6th line of CoinMarketCap with a capitalization of $ 7.3 billion.

Chainlink (LINK) – $ 19.55

Chainlink not only updated its maximum in August 2020 but also entered the list of ten largest cryptocurrencies by capitalization. So far, this cryptocurrency’s price has adjusted and is now at $ 11.45. Perhaps Chainlink will still show what it’s made of during the altseason, which may come after the rapid growth of Bitcoin.

The Chainlink platform provides a decentralized ecosystem of blockchain oracles that transfer data from external sources to smart contracts. Smart contracts are isolated from the external environment. They can process transactions autonomously, excluding intermediaries, but they also do not have access to data from the Internet, such as cryptocurrency quotes or event results of public events. This limits the functionality of DeFi platforms. 

Chainlink blockchain solves this problem with decentralized data providers that ensure the integrity and accuracy of the information transmitted. The Chainlink solution is used by large companies and platforms such as Google, Aave, Synthetix, Yearn.Finance, Celsius Network, and others.

Binance Coin (BNB) – $ 38.68

BNB is an exchange token issued by the crypto exchange Binance in August 2017. The token is used to pay discounted fees on the exchange and transactions on the Binance Smart Chain blockchain. Also, BNB token holders can stake Binance Coin and add coins to the Binance liquidity pool to receive additional passive income.

Binance Coin ranks 9th on the CMC list and is the largest exchange token with a capitalization of $ 3 billion. The next exchange coin by market capitalization called Huobi Token (HT) lags behind BNB by more than 3 times as far as this indicator is concerned.

Bitcoin SV (BSV) – $ 374

BSV was formed as a result of the Bitcoin Cash fork, after which the network split into Bitcoin ABC and Bitcoin SV. After the miners supported the Bitcoin ABC fork, the coin was renamed to Bitcoin Cash. The abbreviation SV stands for “Satoshi Vision”.

Bitcoin SV positions itself as the original bitcoin, faithful to the original idea of ​​its creator Satoshi Nakamoto. The creator of Bitcoin SV is the famous blockchain entrepreneur Craig Wright, who claimed that it was he who created Bitcoin. 

BSV cryptocurrency renewed its all-time high at around $ 374 in February 2020 as a result of a pump by major players. There were no fundamental reasons for the growth of the coin, and the rate corrected; now BSV is traded on exchanges at the rate of $ 161, which is more than 2 times less than the maximum. The cryptocurrency is of little value, and Binance has even delisted it. Despite this, investors still show serious interest in Bitcoin SV. Also, the BSV blockchain solves the original Bitcoin’s scalability problem.

THETA (THETA) – $ 1.70

The platform THETA launched in January 2018, but the cryptocurrency exploded in 2020 when the token renewed ATH and rose to $ 1.70. In less than six months, the THETA cryptocurrency climbed to 18th place on CoinMarketCap.

THETA is a blockchain video streaming platform. This is not the first project that tried to create something along these lines using blockchain, but it was THETA that became the most successful platform that advanced in progressing at this task the most.

The THETA network is powered by user nodes (peer-to-peer), so the platform is essentially a decentralized version of YouTube. Among the project’s consultants were YouTube co-founder Steve Chen and Twitch co-founder Justin Kahn.

The platform, like many modern blockchains, is supported by a decentralized network of validators (node operators that process transactions and add new blocks to the network). THETA is backed by corporate validators that include companies like Google, Samsung, Binance, Blockchain Ventures, and the Guardian community.

Celsius (CEL) – $ 5,71

The cryptocurrency CEL was released in late 2018 and became popular during the boom of DeFi. At the end of 2020, amid the growth of the main cryptocurrency, the CEL token updated its ATH and reached $ 5.71.

The Celsius Network is an all-in-one financial DeFi platform. Users can borrow and lend to other users in cryptocurrency, as well as add USD Coin (USDC), Ethereum (ETH), and Bitcoin (BTC) coins to the liquidity pool, receiving passive income. Token holders can invest any amount and withdraw it at any time.

Cosmos (ATOM) – $ 8.45 The

Cosmos Network is a decentralized blockchain network that focuses on performance, scalability, and usability. The platform is built using the fault-tolerant Tendermint BFT engine and integrates blockchains into a single network using the protocol Interblockchain Communication (IBC) for communication between different decentralized networks via TCP / IP. 

Coin staking is available to ATOM tokenholders. Users can delegate tokens to validators and receive passive income, or start their node that will support the Cosmos network. For developers, the platform provides the Cosmos SDK focused on creating decentralized applications for the development of cross-chain technologies.

After listing on Binance, the price of ATOM cryptocurrency reached $ 7, but then collapsed and corrected until September, and only then renewed its maximum at $ 8.45. Now the ATOM rate has rolled back and is trading near the $ 5.75 mark.

Final Thoughts

Updating the historical highs attracts interest from new users in the crypto market and investors. Probably, in the future, cryptocurrencies will conquer new peaks. Besides, many top altcoins have not yet reached their previous highs, so perhaps an alt season will also come shortly, and it is important not to miss this wave when it comes.

Changevisor will help you quickly buy and sell bitcoin and large altcoins. On the site, you will find cryptocurrency exchangers and many exchange options, for example, BTC to USD, PayPal, or ETH to USD Advanced Cash. Changevisor sorts exchangers by offering the best rates for buying and selling cryptocurrencies.

Are you ready for the altseason or a new bull rally? Then go to Changevisor and choose a convenient exchange option! If a correction begins you can always quickly sell bitcoin and any other cryptocurrency at the highest rate.

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