Top 6 best Cryptocurrencies to invest
December 2, 2020
There are more than 5000 cryptocurrencies available now. With such a tremendous number, it can be a daunting task to know the right one to invest in, especially if you’re a newbie in the crypto world.
Investing in cryptocurrency has a lot of advantages. What’s more, it is considered to be the future financial digital currency. Although the full crypto-based future may be years to come, it’s not an insane idea to believe in its realization and be prepared for it.
Compared to traditional fiat currencies, cryptocurrency provides a multiple number of advantages. Some of them include privacy, fast transaction, transparency, lower fees, just to mention but a few. Just in case you’re wondering why you should invest in cryptocurrency, the aforementioned are some of the advantages you stand to enjoy.
Since there are lots of cryptocurrency available, you might be lost and not know the one to pitch your investment tent on. Cryptocurrency does have its number of positive pluses, it is very important to have a good understanding of whichever cryptocurrency you’re investing in.
Is the crypto coin new? How long has it been in the market? What’s the prospect of its growth? Questions like this should be your concern if you want to dive into cryptocurrency.
In this article, we will be checking out top 5 cryptocurrencies you should consider for investment in the year 2020. The list is based on the growth and performance of the cryptocurrencies in the market since their establishment.
Are you ready, investors? Let’s explore?
1. Bitcoin (BTC)
Bitcoin is the most popular coin so much that some people even think cryptocurrency is only based on Bitcoin. That is to let you know just how popular this coin is. Even if you’re new to the crypto world, you most certainly would have heard of Bitcoin before.
As we can obviously see, one of the things that make Bitcoin ahead of its other competitors in the crypto world is its widespread popularity. Also, Bitcoin has high liquidity levels. Even in situations where the market is uncertain, the liquidity level will still be encouraging.
Although volatile, Bitcoin has maintained a consistent growth for a number of years. With its halving in 2020, Bitcoin will be making a new historical peak in the cryptocurrency.
2. Ethereum (ETH)
Ethereum doesn’t need much introduction. Bitcoin may hold the reigns of popularity, Ethereum holds the record as the most influential cryptocurrency. There is a simple reason for this. And that is the enablement of thousands of projects to be developed on Ethereum’s blockchain.
If you want to start a profitable investment plan, you can kick off with Ethereum. The cryptocurrency remains a very accessible investment platform for cryptocurrency start uppers. Ethereum is built in such a way that the strength of its network contributes to its (the cryptocurrencies) strength.
In other words, the more the decentralization of the applications relying on the network of Ethereum, the more powerful Ethereum becomes. Although Ethereum doesn’t have the same price with Bitcoin, analysts see Ethereum as a potential cryptocurrency with capacity of growing very rapidly to be as huge as Bitcoin price-wise.
3. Litecoin (LTC)
This is another potential cryptocurrency you shouldn’t ignore in 2020. As far as payment is concerned, Litecoin is among the fastest and most affordable coins to buy. By market’s capitalization, LTC is in the third position.
Litecoin is third only to Bitcoin and Ethereum. The cryptocurrency offers amazing potential at an affordable price level. With as little capital less than $100, you can come up on board as an investor!
If you want to invest in cryptocurrency this year, Litecoin may be the right call for you. It is fastness, and especially affordability, ranks among the reasons you should consider investing in the cryptocurrency.
4. Zcash (ZEC)
If you’re looking for the cryptocurrency with an all-round privacy, then Zcash (ZEC) is the right crypto for you. Privacy is one big feature that makes this cryptocurrency exchange preferable and be a better choice than cryptocurrency, especially Bitcoin.
Exactly like Bitcoin, Zcash has a fixed supply of 21 million ZEC coins. Aside from its privacy feature advantage, this cryptocurrency exchange is most ideal for peer-to-peer value transfers.
If you want to invest in cryptocurrency, you should try out this coin. It has high potential of growing bigger in a few years to come, just as Bitcoin.
5. Tron (TRX)
One of the most recognized and hyped projects in the crypto world is the TRON cryptocurrency exchange. Founded in 2017 by the TRON foundation, Tron has positioned itself in a remarkable spot in the crypto world.
The major goal of Tron is to create a free digital system where users can share contents in an easy and cost-effective way. In other words, Tron aims at cutting off the middleman and give room for anyone to host digital contents on their blockchain-based ecosystem.
Tron has been in the market for about three years now. It has proven to be a cryptocurrency exchange you can trust and put your investment in.
6. Cardano (ADA)
Cardano is among the fast growing new coins emerging in the cryptocurrency world. This cryptocurrency aims at becoming the home for financial applications that are at large scales. The decentralized ecosystem network of Cardano works on its own blockchain called ADA.
Furthermore, just like most cryptocurrencies, Cardano is designed to ensure fast and reliable value transfers. The network is built on layers and gives room for flexibility of updates.
In addition, Cardano is very much interested in a strong tech-oriented community of people. For the growth and development of such a community, the company even has a partnership with the University of Malta. The partnership’s goal is to ensure the offering of multiple courses on programming languages which are used in the Cardano community.
The cryptocurrency world is a very vast one. It is not limited to the above mentioned coins in this article. We’ve only mentioned the top ones you can safely invest in.
There are thousands of other cryptocurrency on the net. You can also invest in any of them you like. The choice is all yours. Just always ensure you make a good research on the cryptocurrency you’re investing in before entering into any investment plan.