Top 5 Bullish Cryptocurrencies of 2020; Bitcoin Is Not Among Them

Most cryptocurrencies have been bullish in this year, and are expected to do even better in 2021.The year 2020 is ending on a good note on the side of the cryptocurrency industry. The year has seen governments begging citizens to use digital payment solutions instead of fiat money.

This has been because of Covid-19 pandemic that has dominated the news throughout the year. The impact of Covid-19 has been a great fuel on the price boom of Bitcoin and other major cryptocurrencies. Due to the increased use of digital currencies, Bitcoin has set a new record of trading above $24,000.

Cryptocurrency users and investors should keep a close eye on these coins. These coins are not so popular but they are closing the year 2020 as the 5 biggest gainers. They include: SwissBorg (CHSB) and has gained by 177.22% in the past 30 days; Elrond (EGLD, 173.13 percent); Nexo (NEXO, 154.49%); Zilliqa (ZIL, 116.48%); and MaidSafeCoin (MAID, 88.33 percent).

Among the most popular cryptocurrencies, Ethereum was the biggest gainer of the year. Even though Bitcoin is still ranked number one crypto by market cap, Ethereum performed better than Bitcoin this year.

Ethereum (ETH, trading at about $614.82) gained by over 227% followed by Bitcoin (BTC, $23,629.36) which increased by 226 percent, Chainlink (LINK, $11.36) with a 198% gain, Monero (XRM, $156.74) with a 172 percent gain, and Litecoin (LTC, $111.61) with a 153% gain.

The most bullish digital currencies of 2020 are as follows:

Zap

ZAP is trading at around $0.113773 with a daily trading volume of $1.3 million and a market cap of $26.9 million. The ZAP coin is in the 333rd rank by market cap (MC). Zap is a digital currency and it functions on the Ethereum platform.

The coin is traded on top crypto exchanges such as HitBTC, Poloniex, Ox Protocol, Bitrue and ProBit. In 2020, ZAP has gained by more than 4985 percent. Its all-time high/low is $1.83 (Jan 13, 2018) and $0.001334 (Nov 15, 2019), respectively.

Pirate Chain

Currently, Pirate Chain (ARRR) is trading like a hot cake at about $0.182642. ARRR is ranked 300 by MC. Its total market capitalization is standing at $31.5 million with a volume (24h) of $2.547 million.

Its all-time high is $0.296761 with an all-time low of $0.012739 (March 16, 2020). ARRR has managed to gain by over 4428% in this year.

Celsius

Celsius (CEL) gained by more than 3555% in 2020 and is continuing to skyrocket further. At the time of writing, CEL is changing hands at almost $3.66 with a 24-hour up of 15.2 percent, with an MC of $874.7 million and Vol (24h) of $8.849 million.

CEL is in the 32nd position by MC. Celsius was created in 2017 and its all-time high price is $3.86 (Dec 24, 2020). 

One of the reasons why CEL is on demand is that it provides financial services on terms that are not offered by traditional banks.

Some of the services include automated rewards, higher rates of returns on deposits and savings, and provides easy loans. Celsius has its own wallet platform called CelPay that leverages users by snowballing the payout value. Celsius returns around 80% of profit margins to its users.

Auctus 

Auctus (AUC) is changing hands at around $0.114538 (3.02%) with a market cap of $3.6 million and Vol (24h) of $1,188. AUC has gained traction in 2020 and has gained by over 3019 percent.

AUC also operates on Ethereum platform and is traded on various exchanges including 1inch Exchange, Hoo, V2 and many others. Its all-time high is at $1.27 (May 5, 2018).

Elrond 

Elrond (EGLD) is currently in the 55th position and is trading at about $24.73 with an MC of over $361.3 million and Volume of $49.8 million. Elrond has gained by over 2097% in 2020.

EGLD is being traded in exchanges like eToroX, OKEx, Bitfinex, Binance and Sistemkoin. Its all-time high is still $29.74 that it hit on Dec 22, 2020.

Elrond is a DLT platform for the fresh internet economy, DApps as well as enterprise use. Elrond wants to make EGLD a perfect store-of-value asset. That is why investors are running to invest in it.