Cryptocurrencies are the future of money and many people are starting to catch onto the trend. As you've probably seen in the market lately, Crypto has been exploding in value once again. But what is the best cryptocurrency to invest in? The answer may vary depending on what you are looking to achieve.
Most think Bitcoin is the best cryptocurrency to invest in, but there are plenty of other altcoins on the market worth investing in to add to your portfolio. Continue reading this article to learn about the different options so you don't miss out on this great emerging market!
Best Cryptocurrency Comparison Table
|Our Rating:||Our Rating:||Our Rating:||Our Rating:|
|Genesis Date: January 03, 2009||Genesis Date: October 08, 2011||Genesis Date: July 30, 2015||Genesis Date: July 08, 2017|
|Total Supply: 21,000,000||Total Supply: 84,000,000||Total Supply: Infinite||Total Supply: 179,883,948|
|All-time-high: $19,665.39||All-time-high: $360||All-time-high: $1,448.18||All-time-high: $39.68|
|Highest Liquidity||Lower Transaction Fees||Powers dApp Ecosystem||High Speed of Transactions|
|Most Stable Cryptocurrency||Faster Confirmation Times||King of Smart Contracts||Low Transaction Fee|
What is the best Cryptocurrency to invest in?
As of now, there are over 5000 cryptocurrencies to invest in 2020. But we will give you the 4 best cryptocurrencies to invest in 2020, and beyond that, surely will give you profit. Investing in cryptocurrency is risky, but investing in only one is way riskier. So make sure to diversify your crypto portfolio and invest only what you can afford to lose.
#1: Bitcoin (BTC)
When discussing where to invest in crypto, all conversations usually lead to Bitcoin. Why would that be? All things considered, this is because Bitcoin is the most utilized cryptographic money to date. It also has a robust and strong blockchain network that has never been down or been compromised.
Bitcoin is digital cash that was made in 2009 by an obscure individual using the pseudonym Satoshi Nakamoto. Transactions were made with no need for central authority– which means no banks!
Bitcoin can be utilized to book inns on Expedia, look for furniture on Overstock, and purchase Xbox games. Yet, a significant part of the promotion is tied in with getting rich by exchanging it. The cost of bitcoin soar into large numbers in 2017 and has in recent weeks poised to exceed its all-time-high following several bullish developments in the cryptocurrency market.
Bitcoin is a good investment because of its market share. Bitcoin represents over 60% of the all-out digital currency market cap. This strongly implies it has a gigantic force, which makes it the best cryptographic money to put resources into 2020 in case you're a fledgling or in the event that you essentially don't exchange a lot.
#2: Litecoin (LTC)
Litecoin is a decentralized, shared digital currency launched on October seventh, 2011, and went live on October thirteenth, 2011. It's like Bitcoin, yet with more coins available for use, a faster confirmation time, and a distinctive hashing algorithm.
What makes it a good investment? Litecoin is the silver to Bitcoin's gold. It's one of the first altcoins and has an enormous market cap when contrasted with different altcoins. It has utility, it's quicker and less expensive than Bitcoin.
It is one of the most established altcoins in the industry, moving it up as one of the top cryptos to purchase in 2020. Regardless of steep competition, Litecoin is one of the most trusted and utilized digital currency nowadays.
#3: Ethereum (ETH)
Ethereum is the second-largest cryptocurrency by market capitalization. It expands on Bitcoin's development. If bitcoin was programmable money, then it's the world's first programmable blockchain with the introduction of smart contracts. This significantly expands the application of blockchain technology beyond the financial realm.
Ethereum is currently leading the smart contract platform. The sheer number of applications that can be built on the Ethereum and the number of blockchain developers building on top of Ethereum makes it one of the top choices to purchase in 2020.
It must be noted that in its current form, scalability and transaction cost remains a challenge. However, a protocol upgrade just beyond the horizon specifically tries to fix these issues.
Binance Coin is the utility coin of the Binance. one of the largest and most successful exchanges in the world. The name “Binance” came from the word binary and finance, the former alluding to the word pair, while the latter describes the industry it does business.
Is Binance Coin a good investment? Rather than most utility tokens, Binance has discovered loads of utilization cases for BNB tokens (and they continue adding new use cases routinely), which should build interest for the token – and in this manner, its cost.
Binance is one of the world's quickest developing blockchain. Since Binance Coin is utilized to pay for exchanges on the trade and numerous different purposes, BNB is one of the quickest developing digital currencies in 2020 as far as exchange volume.
In case you're hoping to differentiate your digital currency portfolio by adding a utility token gave by an organization with a strong business history and an accomplished group, think Binance coin. Binance is one of the world's quickest developing trades.
Since Binance Coin is utilized to pay for exchanges on the trade and numerous different purposes, BNB is one of the quickest developing digital currencies in 2020 as far as exchange volume.
In case you're hoping to differentiate your digital currency portfolio by adding a utility token gave by an organization with a strong business history and an accomplished group, think Binance coin.
Hopefully, you now have a basic understanding of what cryptocurrencies are the best to invest in. Cryptocurrency investing is speculative. Costs are very unpredictable, and the dangers are unmistakable from putting resources into customary resources. For instance, the cash is normally put away in a computerized wallet — and that implies adroit programmers could take it.
Most importantly, the coins highlighted in the best cryptographic money to contribute 2020 guide are our favored computerized monetary standards. The digital currency market is as yet overwhelmed by high unpredictability, so you have to expect some here and there swings in your portfolio.
Before you purchase cryptographic forms of money, ensure you research the digital currency by perusing the white paper and checking its flowing flexibly and cost.
In rundown, here are our top digital currencies to purchase now and into the future (in no specific request):
Bitcoin (BTC), Litecoin(LTC), Ethereum (ETH), and Binance Coin( BNB)
Cryptocurrencies may still be considered speculative investments, but they also present the possibility of massive returns. The amount of investment that has already been made into the industry means that innovations are almost certain, and a new type of economy is likely to emerge.
At the very least, this is an asset class worth learning about, though investors should be cautious and avoid taking on too much risk.