Best Cryptocurrencies To Invest In 2020: Top 10 To Accumulate
Do you plan to invest in cryptocurrencies this year? With more than 5500 cryptocurrencies, it is not easy to choose which one is the best cryptocurrency to invest in. But rest assured, we have compiled a list of top 10 best cryptocurrencies to invest in 2020. First of all, let’s make sure that you understand the reasons to invest in cryptocurrencies, before reviewing the best cryptocurrencies in 2020.
Reasons To Invest In Cryptocurrencies?
Many people will think of cryptocurrencies as the future of finance. Although it may be years in the future, it is certainly not a crazy statement. Compared with traditional fiat currencies, cryptocurrencies have many advantages, such as lower fees, transparency and transaction speed. When looking at cryptocurrencies from the perspective of investors and wondering “Why should I invest in cryptocurrencies?”, there are five main reasons to consider:
- Amount: small investment reduce the minimum investment barriers, so almost everyone can buy cryptocurrencies.
- Liquidity: Crypto exchanges are open 24/7, so you can trade, buy and cash out assets at any time.
- Transparency: All transactions are recorded in the blockchain, and the records available to everyone in the world. This provides investors with the highest transparency.
- Diversification: A large number of cryptocurrencies allows you to easily diversify your portfolio to mitigate risks.
- Fees: Compared with traditional investment assets, cryptocurrency provides much lower fees.
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What Is The Best Cryptocurrency To Invest In?
The cryptocurrency field has been expanding for years, and the next great digital token may be released tomorrow, as everyone in the crypto community knows.
As now you understand the benefits of investing in cryptocurrencies, check out the top 10 best cryptocurrencies to invest in 2020. List includes best cryptocurrencies, technology and growth potential wise.
Bitcoin (BTC) – The King Among Cryptocurrencies
It’s hard to imagine the best cryptocurrencies to invest in rating without Bitcoin, the world’s most popular cryptocurrency. The popularity of this cryptocurrency is one of its biggest advantages over the competitors.
As long as Bitcoin continues to dominate the cryptocurrency market, investors will always benefit from the high liquidity of the asset. Even in times of market uncertainty. Over the years, Bitcoin has shown volatile but continuous growth.
With the Bitcoin halving 2020 behind our backs, the community expects that Bitcoin will soon reach a new historical high.
Ethereum is the second cryptocurrency worth investing in. Bitcoin is the most popular cryptocurrency, but no one can deny that Ethereum is by far one of the most powerful currency. Through Ethereum blockchain, it became possible to develop thousands of cryptocurrency projects. Ethereum is the best decentralized application blockchain, hundreds and thousands of new cryptocurrency projects emerge through their platform.
At the time of making this rating, the price of Ethereum is just a bit above $200. Ethereum is a very affordable investment for those who start investing in cryptocurrencies. The strength of this currency is closely linked to the strength of its network. The more decentralized the applications and ecosystems that use the Ethereum network, the more powerful the ETH tokens will become. While Ethereum is unlikely to match the price of Bitcoin, analysts believe that this cryptocurrency has great potential in the coming months and even years.
Stellar Lumens (XLM)
Stellar Lumens logotype
Stellar cryptocurrency is one of the most popular projects out there. It has been in existence since 2014, which means that its development is continuous and will only continue to grow. At a price in cents, it is also one of the most affordable cryptocurrencies to invest in.
Stellar is an open-source, decentralized protocol for cross-border transactions. It is launched through a network of 100 billion Stellar tokens. The token is now called a lumen or XLM token.
One of the Stellar’s goal is to replace the SWIFT system, thereby disrupting the global currency market. Through XLM tokens, cross-border transactions enabled between any currency pair in the Stellar network. Another one is to compete with Ethereum, making a transparent blockchain, with tools enabling developers to launch their own projects on top of Stellar. A unique feature of Stellar is that it serves as the basis for other cryptos. That gives Stellar a huge opportunity to further develop itself and expand its scale. Stellar is one of the best affordable cryptocurrency to invest in.
The fourth-ranked cryptocurrency by market capitalization, Ripple (XRP) is one of the most promising investments in this list. Solid technology and network are rapidly opening up new opportunities for international trade, banking and payment networks.
Money transfer giant MoneyGram received more than $11 million in funding from Ripple in 2019 to use its blockchain technology for payment solutions. The company wrote: “MoneyGram continues to expand its strategic partnership with Ripple, becoming the first money transfer company to expand the use of blockchain capabilities.”
MoneyGram relies heavily on Ripple’s On-Demand liquidity, and the product runs on XRP. Institutional interest is a key factor. We covered XRP price potential in the following article on XRP price prediction.
In February 2020, Azimo, a European money transfer service provider, announced that it would also start using Ripple’s On-Demand liquidity to further increase the speed of customer transfers.
The list of companies using Ripple services is endless. Experts believe that the adoption rate of XRP will be higher in 2020, so its price will increase significantly.
Cardano (ADA) logotype
Cardano (ADA) price is pretty low, making it an attractive investment. On the moment of writing ADA trades at $0.13. The Cardano cryptocurrency project was launched in 2015 and aimed to become a home for large scale financial applications. Cardano decentralized ecosystem runs on ADA – its own cryptocurrency.
Like most cryptocurrencies, ADA is designed as a fast and reliable value transfer tool. The Cardano network is built on layers and provides a high degree of flexibility in updating. Since Cardano (ADA) also allows the development of dApps, the cryptocurrency community expects to develop multiple services around it, thereby pushing ADA higher.
Cardano relies on a strong technology-forward community. The company even partnered with the University of Malta to provide multiple courses on the programming language used in the Cardano network.
Litecoin is another cryptocurrency that cannot be ignored in 2020. In terms of payment, LTC is one of the fastest and most affordable cryptocurrencies. Its technological leadership creates demand in this cryptocurrency. Compared with Bitcoin and Ethereum, Litecoin offers great potential at a more affordable price level. The current Litecoin (LTC) price is less than $50, which provides a wider number of investors with an opportunity to jump in.
Similar to Ripple, the price of Litecoin is also largely dependent on the adoption rate. Hopefully, for its supporters, this token seems to be on a good track. Litecoin recently confirmed that will integrate it into conventional ATMs in South Korea through cooperation with MeconCash.
First, if you expect neon lights and futuristic motorcycles, then you will understand the wrong TRON. The ecosystem was established by the so-called TRON Foundation in 2017 and has quickly become one of the hottest projects in the crypto world. Justin Sun is the CEO of TRON. He was named one of the 30 people under 30 in Asia by Forbes in 2017.
TRON’s goal is to build a free global digital entertainment system that enables users to share digital content in a simple and cost-effective manner. Too complicated? Consider Netflix. The third-party concentrates the content and distributes it to a broad audience on demand. For content creators, the cost of hosting content on Netflix is high.
With TRON, the idea is to reduce middlemen and allow anyone and everyone to host digital content in their blockchain-based ecosystem.
For content creators, this model provides them with a unique opportunity to lower the price of third-party distribution channels. For the public, lower fees for creators may translate into lower content access prices. TRX is the cryptocurrency of the ecosystem.
Chainlink (LINK) is a platform designed to bridge the gap between smart contracts based on blockchain technology (widely adopted by Ethereum) and real-world applications. Since the blockchain cannot access data outside its network, it is necessary to use oracle (defi tool) as the data feed in the smart contract. In the case of Chainlink, the oracle machine is connected to the Ethereum network. Oracle provides external data (such as temperature and weather), which trigger the execution of smart contracts when predetermined conditions are met.
Participants encouraged (through rewards) on the Chainlink network to provide smart contracts with access to external data sources, such as API information. If users want to access off-chain data, they can submit a request contract to Chainlink’s network. These contracts will match the requested contract with the appropriate predictions. These contracts include reputation contracts, order matching contracts and summary contracts. The aggregating contract collects data for selected predictions to find the most accurate results. Chainlink is a good project and a worthy investment.
Monero (XMR) – Best Privacy Coin To Invest In
Monero (XMR) is a secure, private and untraceable cryptocurrency that was launched on 18 April 2014. It is an open-source, privacy-oriented cryptocurrency. It is said that with Monero, you have complete control over your funds and privacy because no one can see the balance or transactions of others.
Monero uses a ring signature and an incognito address as a privacy-oriented cryptocurrency. The ring signature is an anonymous digital signature; it does not show who signed the transaction. They are generated on the Monero platform by combining the account key and public key of the sender on the blockchain.
Incognito addresses are randomly generated addresses that are created during each transaction for one-time use. They hide the destination address of the transaction and the identity of the recipient. RingCT also hides the transaction amount; this feature was added as a mandatory feature for all Monero network transactions in January 2017.
Monero is based on the CryptoNote protocol and has a dynamic block size and fee, as opposed to Bitcoin. Monero is the best privacy coin to invest in; there’s no other cryptocurrency with such anonymity.
HETA (THETA) is an open-source protocol that provides decentralized streaming networks. It allows decentralized applications (DApps) to be built on the platform to support use cases that span esports, entertainment, and peer-to-peer streaming.
SLIVER.tv’s DApp is the first application built on the Theta network, which leverages the existing user base of millions of eSports viewers. In November 2018, Tencent Games announced a partnership with SLIVER.tv to bring “Theta” rewards to players of “Elysium”. The founding team has more than 30 years of experience in the field of video streaming, and its consultants include YouTube co-founder Steve Chen (Steve Chen) and Twitch co-founder Justin Kan.