Are you going to buy or invest in a cryptocurrency this year? What is the best cryptocurrency to invest 2020? There are more than 4,000 cryptocurrencies. So it’s not easy to choose the best cryptocurrencies you want to invest in 2020.
The choice can be a little overwhelming when it comes to deciding what cryptocurrency to invest in because there are thousands of cryptocurrencies in the market. Research and classification of a valid crypto coin from the barren one are difficult and time-consuming.
That is why we are helping you here. The following is a list of the nine largest cryptocurrencies, which are expected to explode in 2020 and will have an even greater impact in the coming years. After all, there is not a single cryptocurrency that we can show for the best of the best.
Many cryptocurrencies offer some pretty good investment opportunities depending on what a crypto investor looking for and what investment goals he has. The level of experience is another thing to consider. For example, for beginners, some cryptocurrencies can be a good investment, while other crypto coins are suitable for advanced cryptocurrency traders.
What are 9 best cryptocurrencies to invest 2020?
Here is a list of the top 9 best cryptocurrencies to invest 2020.
As for the top 9 cryptocurrencies we’re investing in right now, cryptocurrencies, and smart cryptocurrencies in general, the whole conversation should start with bitcoin.
Why? This is because bitcoin is by far the most widely used cryptocurrency, often referred to as the “king of cryptocurrencies.”
Bitcoin’s main aim is to become an international peer-to-peer cryptocurrency that is independent of any regulation and therefore fully distributed.
Besides, the reason you should store bitcoins on your investment radar is that it has the most liquidity in the cryptocurrency market, which also makes it the best possible cryptocurrency if you are a beginner. In the end, you won’t have a problem buying or selling bitcoins.
There is always someone ready to fulfill your order. Bitcoin is known to be the most stable cryptocurrency despite high volatility. The impact, demand, and mass influx of bitcoins are expected to increase in the coming years.
As the demand for bitcoin increases the bitcoin prices are expected to rise sharply as there are only 21 million coins. So the Bitcoin is the best cryptocurrency to invest 2020.
One of the main reasons to consider investing in Litecoin in 2020 is its high liquidity position and high market value. To avoid risk, avoid lower priced and lower denominated currencies and choose cryptocurrencies such as Litecoin.
Why do we think Litecoin will go up this in 2020 and the coming years?
The supply of 84 million coins is limited (compared to 21 million bitcoins) and the block reward for Litecoin is 25 LTC. These are high block reward compared to other crypto coins.
For mining a block of Litecoin on the Litecoin blockchain the average time is about two minutes, which is also faster than most of the other crypto coins.
This, along with the fact that Litecoin is one of the top four on Coinbase, many analysts believe that regardless of the future, Litecoin is certainly one of the strongest altcoins.
In 2020, despite tough competition, Litecoin will continue to be considered one of the best cryptocurrencies.
Ethereum, one of the best cryptocurrencies to be invested in, it is the first major project to spread smart contracts that allow developers to run desktop and mobile applications (dApps) on the back of blockchain technology and remain among the top ten cryptocurrencies until 2020.
Not only that, but Ethereum is the second-fastest cryptocurrency, just below bitcoin. This means that you will not have any problems buying or selling Ethereum.
One of the reasons why Ethereum can be expected to remain a strong investment in the coming years is that it has a strong team and community. As a result, Ethereum has a better chance of being stable and only increases its value in the long run.
Besides, there may be more ether (Ethereum tokens) than bitcoins or Litecoins. Ether is the fuel for the dApp (decentralized application) ecosystem, which is why millions of developers and companies need it to support smart contracts and run their applications
In terms of market value, Ripple is in third place behind Bitcoin and Ethereum. The aim concept of Ripple coin is a little different from the other cryptocurrencies on this list.
Ripple is a venture-backed start-up company that provides banks with financial services that allow banks to do business in person and instantly across borders.
For this reason, Ripple is more suitable for large institutions than for individual users. It has worked with major banks around the world and even more financial institutions that want to adopt the Ripple protocol.
The reason analysts believe Ripple could explode in 2020 and the coming years is that thanks to the institutional support and security of SEC regulation, XRP will be a strength of the cryptocurrency community and truly one of the best cryptocurrencies in 2020. Thus Ripple is the best cryptocurrency to invest 2020.
NEO is often called Ethereum based in China. This is another smart contract platform with great potential. Like Ethereum, Neo allows developers to run and launch decentralized blockchain applications.
The technology behind NEO, supported by the recognized Byzantine fault tolerance system, is considered to be relatively sophisticated using improved proof of stake technology.
NEO is among the top 20 in CoinMarketCap, which means it has a lot of liquidity. Its founders are also very experienced and reliable in the crypto community, which increases the credibility and value of NEO.
The value of the NEO currency may gain strength and begin to rise. The most interesting aspect of NEO for investors is the clear similarity between NEO and Ethereum.
Both platforms are not just coins. They create digital assets, smart contracts, and applications on their blockchains.
However, at the NEO platform, tokens are distributed that prove ownership of an asset, not the asset itself. This facilitates the transfer of shares, equity, and assets.
Binance coin (BNB)
If you want to diversify your portfolio and you already own large currencies such as BTC or ETH then Binance Coin is one of the best cryptocurrencies to buy. Binance has a strong business history and an experienced team behind its core concept, which is a hallmark of this company.
The value of Binance Coin is based on how useful it is, as well as on the demand for its use. Binance’s success is a testament to the wealth of investors and the wealth they need to succeed in coin production.
Binance Coin is also the cryptocurrency with high liquidity right now and is in the top ten in CoinMarketCap.
The number also shows steady growth. Despite fluctuations, the Binance Coin price doubled three times earlier this year.
The Binance Exchange is also one of the fastest-growing cryptocurrencies exchanges in the world. Every transaction on the Binance exchange is done by using the Binance coin. This makes Binance Coin (BNB) one of the fastest-growing crypto coins in 2020 in terms of trade volume.
The reason we added Tron to the list is that Tron bought Bit Torrent a few years ago. In the long run, this can mean great things for the company and its value if they can develop a safer method of distributed flow.
Some people look forward to innovations such as sharing parts of files online and re-combining them for users to download them. In the end, Tron is considered an ambitious initiative with many fronts for years to come.
TRX has more than 300,000 accounts. Although significantly smaller than other cryptocurrencies, the growth is quite impressive.
Last year, Tron was ranked 15th in the list of largest cryptocurrencies by market value.
Content consumers can also use Tronix to pay content producers for access to the original content. The coins then go to the manufacturer’s account and can be exchanged for other cryptocurrencies or used to pay for various services of blockchain.
Many people who have addressed the weaknesses of the Ethereum network have already shifted their investments to EOS.
EOS has overcome several limitations of Ethereum, such as the need to know how to code in Solidity for dApps (decentralized applications) development. EOS is well known for providing services to developers, including database creation and account management services that do not require programming skills.
EOS’s many technical advantages are also appreciated by the investors, including the fact that the platform is much faster than Ethereum and Bitcoin and is more flexible.
Users do not have to pay a gas fee to use the network; it is a centralized group of 21 ports that approves transactions.
Another reason why EOS has caught your attention in 2020 is its large and keen community. Besides, EOS has completed a successful token sale and received the capital needed for its development in the coming years.
BAT (Basic Attention Token)
Basic Attention Token (BAT) is one of the best cryptocurrencies in 2018, 2019, and 2020. BAT is another tool used by the Brave browser. BAT tokens are used to tip content producers and almost every one you find useful on the Internet.
You can choose how to tip content producers for the intuitive material or information you receive. This has great potential because the browser industry is huge.
Not only that, users who view ads can also receive a BAT price. This area has not yet been explored and can create many new opportunities for end-users and the Brave browser.
With so many cryptocurrencies collapsing, BAT is surprisingly stable, which is a good sign of healthy accumulation.
Demand for coins is expected to increase, which is likely to raise the price of the currency.
We hope that you now have a good idea of some of the best cryptocurrency to invest 2020. They are likely to make a lot of money if you consider investing in them.
Remember that investing in cryptocurrency is always a risky process; investing in cryptos is not something to be rushed. Investment decisions should only make after you have spent a lot of time researching investment opportunities.
Many professionals and investors consider all of the above cryptocurrencies to be safe investments.
These cryptocurrencies are backed by a solid team, a strong community, and have proven results behind them. Some of these are also good for beginners.
Whether you’re right in the world of cryptocurrencies or want to diversify your current portfolio with some of the largest cryptocurrencies in 2020. Many cryptocurrency analysts believe that investing in one of these cryptocurrencies can be a great success for the investor.