VeChain Price Prediction 2020

VeChain Foundation (@vechainofficial) | Twitter
VeChain’s project and Price Prediction

Here we will analyse VeChain’s current system and main goals and from this, we will present a VeChain price prediction. Not only for 2020, but also for the years after.

What is VeChain?

VeChain began with a focus on providing supply chain solutions. However, they are an incredibly adaptive blockchain. They have since realised that their blockchain could in fact provide solutions to real world economic problems, which is the tag line on their website. They now provide services to a wide range of industries; goods, automotive, logistics, retail and the energy sector.

Like Ethereum, VeChain has created a platform for developers, called VeChain Thor. On this platform, developers can build smart contracts and decentralised apps (DApps).

Proof of Authority

VeChain runs a proof of authority (PoA) consensus model. This is very different from the most common systems, Proof of Stake and Proof of Work. In PoA a node must become authorised before they can participate in consensus. One major positive of PoA is that it reduces the impact that the rich can have on the network, preventing the rich from getting richer, unlike PoS.

Another major positive is that because of the PoA system has excellent bandwidth efficiency, it leads to a much greater number of transactions per second. This is obviously a big positive because it needs to be accessible and fast to the industries it is helping.

VeChain Partnerships

The VeChain partnerships list is extensive, to say the least. Partnering with some titans of industry, we are simply going to provide a small list of the major partnerships held with Vechain. Here we go: the Chinese National Government, PWC, BMW Group, DB Schenker, LVMH, etc. The complete list can be found here:

These partnerships range enormously in terms of the different industries that VeChain is working with. The fact they are already working on providing real world, industry solutions shows the power and reach of their blockchain.

Is VeChain a good investment?

There are a few significant positive signs for VeChain. The first is that their blockchain is already working within a number of current industries. This puts it ahead of a number of its rivals, as many of them, are still in planning phases.

VeChain is truly decentralised and as we move towards a greater decentralisation. This puts it ahead of many centralised currencies, like Bitcoin Cash and Ripple.

There are, however, a couple of negatives regarding VeChain. Firstly, VeChain faces major competition from the likes of Waltonchain, Ethereum, Cardano and Neo, to name but a few.

In December 2019, approximately 1.1 billion VET were hacked. This hack was down to human error and not blockchain issues. Someone had simply mismanaged private keys.

This was noticed by the VeChain foundation who tracked and traced the accounts that had 749 million of the tokens in. The accounts were immediately blacklisted. This stopped the hacker(s) from being able to spend the VET. It was an impressive response and pleased many people within the community. VeChain made it clear that this was not a foundation to tackle again.

VECHAIN Future goals

Unlike most projects, there is no roadmap provided by VeChain. However, they are very active as a foundation and community so we can see what they are working towards. Their official blog and twitter channel are constantly providing updates on the VeChain project. They are working on ensuring blockchain interoperability as well as anonymous transactions. Both of which would certainly increase the use of VeChain.

VeChain Price Prediction 2020

Currently VeChain is trading at $0.004403 and is number 36 in the current market cap rankings. The all time high for VeChain was $0.019775. The question really is, what is the potential of VeChain? As the staking of VeChain pays poorly, very few people are taking part in VeChain staking compared to a number of other cryptocurrencies. What the staking is doing, however, is locking up a lot of the circulating tokens with many participating within the VeChain ecosystem.

There are a number of extended projects VeChain are participating in, from Plair to Safehaven. We currently do not feel overly enthused about VeChain as an investment. There are many positives about the project and the fact that their blockchain is market ready. But it has been in place with companies and governments for over 2 years now, we don’t feel that there will ever be a significant all time high. We predict that the maximum price it can reach would be approximately $0.04. This is still about a 10 times gain on it’s current price, but there are many cryptocurrency projects that we feel hold greater potential. We are simply not overly optimistic about our VeChain price prediction at the moment.

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Cardano (ada) Price Prediction 2020

Cardano | Explained - Data Driven Investor - Medium

What is Cardano used for?

Cardano is home to the ADA cryptocurrency where we can send and receive digital funds. Cardano (ada) is the first ever blockchain built and developed from leading academics and engineers. More than 30 academic papers about the strength and reliability of the Cardano ecosystem have been published. What could the Cardano price be?

Contention about Cardano

Cardano has often split opinion within the cryptocurrency space. Many are enthused by the level of academics and engineers involved in the project. There are also a number of detractors who are very frustrated by the pace of the project. Many are finding the lengthy road map a frustration. We at Lock In The Value do not. We find it refreshing that a project is so careful about releasing a test net only upon certainty that it will work. As many of us have seen, projects like Ethereum have been too keen to release products that have cause massive problems. Cryptokitties anyone?

The Cardano Roadmap

There is an exceptionally detailed road map and it is split into 5 eras: Byron, Shelley, Goguen, Basho and Voltaire. The Cardano Road map is a multi year plan. So far they have released the Byron Network. Recently, Cardano tested the Shelley network as a future upgrade from their previous Byron network.

The Cardano Shelley Network

Cardano’s goal is to make the Shelley Network fully decentralized. According to Cardano, it’s one of the most active blockchain networks in the world today.

Charles Hoskinson, the founder of Cardano, has recently spoken about the need to focus on the purpose of Cardano moving forward. He states that he wishes to not only focus on marketing, but that the marketing will focus on the technologies long term potential to help reinvent society. This is obviously a lofty goal. They have been extraordinarily careful to only release applications when they are confident they will work. This is obviously a refreshing change from blockchains like Ethereum. They often release developments which cause massive problems and then fix them after.

Interesting goal…

Cardano is also building up to a hydra system. This aims to complete 1,000,000 transactions per second. This is an incredible aspiration. If they can achieve this, it is certainly conceivable that it will be become the method of transaction worldwide. This would be approximately 50 times the current speed of Visa!

Is Cardano a Good Investment?

Cardano Staking

Soon, it will be possible to stake once the Cardano Shelley Network is fully functioning and running. Cardano has truly focused on developing their Proof of Stake algorithm. The Shelley Network is an integral part of that future. The return percentage on staking ADA will be roughly 3.5%. This is lower than a lot of cryptocurrency staking returns. However, the potential growth factor of ADA opens up the possibility of great gains from small a 3.5%. Obviously, this percentage return still dwarves any interest from a bank. So when it is up and running, it is well worth considering.

Cardano’s wallet Daedalus has been released. It holds a number of different cryptocurrencies, security tokens, tokens. The wallet will also be the tool where you can stake ADA by holding it and participating in the Shelley ecosystem. There continues to be a great deal of excitement about this fully developed ecosystem. The next step within the Cardano Roadmap is the commercialisation and the building of partnerships.

Cardano Price Prediction 2020… What could be it’s all time high?

Cardano Price

The current price of Cardano (ADA) at the time of writing is $0.047710 with a market cap of over $1.2 billion. The question is how high could this price go? Could Cardano hit $1? Could Cardano hit $10?

Simply put, it is exceptionally unlikely to hit $10 as this would give it an overall market cap of $250 billion. It is certainly possible that it will exceed $1 as this would give it a market cap of only $25 billion.

Price prediction

Thinking about it’s potential  reach, current functionality and goal to complete over a million transactions per second. We believe that it can reach $4.20 within the next 2 years. Cardano is an exciting and frustrating project. Exciting because of their targets but frustrating they are so careful not to release anything until it is perfect. This has slowed the project down and removed the excitement for many. Our price prediction is that by the end of 2020, it will hit $0.75 with an explosion the following year.

When we look at the current cryptocurrency market, we can see that Cardano could be a project deserving of breaking into the Top 5. This means it will displace Tether or Bitcoin Cash. Realistically, Tether will inevitably slip out of that top 5 when the market gains value. The other project deserving of top 5 status is Chainlink.

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Why we are becoming Chainlink maximalists! And Chainlink’s price prediction

We strongly believe that Chainlink is working towards solving one of the biggest problems within the blockchain space and that is inoperability from blockchain to blockchain. 

1). Currently it is impossible for us to send bitcoin to an ethereum address and vice versa. This is a considerable problem which has forever plagued the blockchain ecosystem. Chainlink is aiming to solve that problem. Chainlink is an oracle blockchain, which is essentially the “middle man” between all blockchains, simply connecting them. Thanks to Chainlink, we can already send data from blockchain to blockchain.

If Chainlink succeed in their long term goal, it will run the entire infrastructure within the cryptocurrency ecosystem. If this does happen, it’s value will fundamentally rise and has the potential to rival those top 3 of Bitcoin, Ethereum and XRP.

2). Chainlink will also allow blockchain’s to access offline data.

A huge step forward for blockchain’s which have been incapable of doing so forever. Thanks to this, development can improve and data can always be accessed.

3). Chainlink’s partnership with SWIFT!

The biggest development is this partnership. Swift is the connecting fibre between most of the banks around the globe. Money sent across borders through your bank will involve Swift’s banking structure. So a partnership here, shows confidence in the Chainlink network in an exceptionally significant way. They are developing a smart oracle together!

4). Chainlink is an official cloud partner with Google!

Google has minimal interaction with blockchains, so to be singled out as worthy of a partnership with Google, is a strong positive about its future. This collaboration will result in Google placing all its query data on a blockchain using the Chainlink smart oracle. A huge statement of intent for it’s future!

5). Chainlink has been incentivized for long term holding, with rewards issued if you are running a node to help the system continue running. 

Some points there are bigger than others, but these are significant moves in the right direction for Chainlink and bode well for it’s future. Given Chainlink’s enormous steps forward, the Chainlink price prediction for 2020 is optimistics to say the least. If they can deliver on what they are promising, they could very well be the architecture around which all blockchains interact and with that, the sky is the limit. Or more accurately, the MOON!

Based on the incredible work being done, it is fair to believe that Chainlink can break into the top 5 cryptocurrencies, which would put our Chainlink price prediction for the current market, in the $11 range. If the markets improve as many believe they might, than the price could rise far beyond that.

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