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It has been a lot of time since the birth of the famous and most popular cryptocurrency — Bitcoin. Since its inception, thousands of other cryptocurrencies have emerged to imitate bitcoin, to give it competition, or to prove the advancements in technology that come with other currencies. There are about 7000 more cryptocurrencies in the world right now.
Some prevalent cryptocurrencies make it to the news and headlines, but some really good currencies remain uncharted but are promising. If you plan to invest in the cryptocurrency market in 2020, we have a glad tiding for you. According to crypto experts and analysts, 2020 can be a real gaining and hike up year for the cryptocurrency market.
Choosing the best cryptocurrencies to invest in 2020 can be a bit challenging when you have so much to look out for. But no need to worry! We have filtered out the best cryptocurrencies to invest in in 2020. This comprehensive list will guide you towards the best out of the lot.
Bitcoin — BTC
No matter what year, nothing can top Bitcoin. Bitcoin had commanded the cryptocurrency market since it was mined for the first time in January 2009.
Bitcoin is the “jeweled crown” of all cryptocurrencies. Bitcoin aims to be the global digital cash stop which is decentralised and devoid of any stringent regulation.
The reason for it being the first in the list of best cryptocurrencies to invest in 2020 is due to its high liquidity and the space it occupies in the market. Bitcoin, at the moment, captures 57 percent of the crypto market. It means there will always be someone to buy bitcoin from you, so you never have to stress about finding buyers for bitcoin.
Despite how volatile the crypto market is, Bitcoin tends to be the most stable currency in the market.
But Bitcoin had also seen its bad days when the value dropped significantly in 2017–18. However, Bitcoin made an elated comeback with prices increasing to more than 10,000 dollars, with a market capitalisation of 200 billion dollars.
According to analysts and experts, Bitcoin value will tend to increase substantially in 2020–21, making it the best cryptocurrency to invest at current times.
Litecoin — LTC
The list of best cryptocurrencies to invest in 2020 is incomplete without listing litecoin. After bitcoin, litecoin is the cryptocurrency with the highest liquidity and market capitalisation. One way to escape risks is to go with cryptocurrencies with large market capitalisations.
Litecoin was invented as the “lite” version of bitcoin, for those who could not grasp the complexities of bitcoin. Bitcoin, therefore, had the fair features of bitcoin and some excellent add ons of its own. For instance, the litecoin transactions are way more rapid and quick than the transactional time taken by bitcoin.
At the same time, litecoin offers a higher block reward than most other cryptocurrencies (25 LTC).
Bitcoin is one of the four significant currencies of Coinbase. Therefore, investors and analysts think that Litecoin will stand firm as one of the significant cryptocurrency no matter what the future holds.
Ethereum — ETC
With a market cap of about 70 billion dollars, ethereum stands third in the list of best cryptocurrencies to invest in in 2020. It was the first currency to include “smart contracts,” which allowed crypto traders and investors to have decentralised applications on phones and desktops.
Ethereum is the currency with high liquidity facilitating easy and trouble-free exchanges.
The goal of ethereum for years to come is more than just being a decentralised currency system. The aim is not curtailed to just decentralising the prices and money but creating a decentralised system, replacing servers with structural nodes. Ethereum is the platform that facilitates the exchange of its official currency called ether.
Ether will remain one of the best investments in 2020 due to its loyal community and community, mak8ng it a stable currency for investment.
Binance Coin — BNB
Binance coin makes it to the list of best cryptocurrencies to invest in 2020 because of its rich history and committed team behind the core concept of Binance coin. The fundamental idea of Binance is to be used as a utility token.
Binance coin is known for its liquidity and is listed in the top 10 on CoinMarketCap.
There is continuous growth registered by Binance coin, and it has multiplied by three times even with extremely volatile conditions.
In terms of volume and trading, Binance is growing at a very rapid rate, making it the most voluminous currency of the market.
Basic Attention Token — BAT
BAT has been one of the best cryptocurrencies to invest in for the last few years. It is a utility token which is consumed by the brave browser. It is basically used to tip people who are helpful on the internet, especially content writers and creators.
Bat has a top-rated, experienced, and committed team behind its inception — Brendan Eich, who was the co-founder of Mozilla Firefox.
Since the brave browser is such a large space, this cryptocurrency has a lot of scopes and can result in a lot of new opportunities on the platform.
There are so many cryptocurrencies like BAT, but they all are going downhill. Miraculously, BAT has remained more or less consistent and stable.
The demand for Bt is going to increase in the coming future, which will, in turn, increase its value.
Tron — TRX
The main reason to include Tron in the list of best cryptocurrencies to invest in 2020 is that it has recently acquired BitTorrent. This might mean an increase in goodwill and value of Tron in the crypto market.
The growth that Tron has shown in the market is very consistent. It has about 300000 accounts running currently, and the number is likely to increase.
In the previous year, Tron was given a spot in the listing of the largest cryptocurrencies in terms of market capitalisation.
Tron is basically a platform for sharing content. Tron protects the data of users and leaves no trace behind.
All these reasons make Tron a good investment in 2020.
We cannot actually predict the exact future of the market. Still, the currencies mentioned above are most likely to be the best cryptocurrencies to invest in 2020 as per the guidance and foretell of experts and analysts.
These currencies are likely to fill your pockets with ample profits in 2020 and the years to come.
If you are eyeing for an online broker to facilitate investment in cryptocurrencies, then we recommend HFTrading. HFTrading is a regulated broker and online financial service provider active in Australia and New Zealand. It deals in a wide range of instruments like forex, indices, commodities, cryptocurrencies, stocks, and more.
One thing to remember while investing in cryptocurrencies is that it involves a lot of risks as the market is highly volatile. One must do full-fledged research to understand the inches of the crypto market.
This article is strictly for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. CryptosOnline.com does not provide investment, tax, legal, business or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any loss or damage caused or alleged to be caused by, or in connection with, the use of or reliance on any content, goods, services or opinions mentioned in this article.