Which top cryptocurrency is the best to invest in in 2020? It is the question that has been asked countless times by those who are truly dedicated to investing in cryptocurrency.
Some think that it is too early to invest in cryptocurrencies, while others believe that digital currencies will never rise above their current levels. No matter what the mindset, it is best to realize that this technology is still very new. It is still uncertain how much growth the technology will experience in the next few years.
However, you need to make sure that you have a clear understanding of the cryptocurrencies where you need to invest your money. Then you will be able to proceed with the investments and make sure that you receive maximum outcomes from them at all times.
Here is a list of five of the most prominent cryptocurrencies that you can invest in in 2020. You may click here to know more about it.
Additionally, you can take a look at these cryptocurrencies and pick the best one out of them based on your preferences. It is also better if you can have a diversified portfolio with multiple cryptocurrencies as well. It can assist you in making sure that you are getting the most out of your investment.
Bitcoin is still the most popular cryptocurrency that you can find out there in the world. Hence, you can think about spending your money to purchase Bitcoin.
During May, the developers behind Bitcoin will provide 50 percent discounted rewards for every single block. This can be considered as another great reason available for you to think about venturing into Bitcoin investments in 2020.
You can also find how Bitcoin will play a dominating role within the cryptocurrency arena throughout the year. It is still the cryptocurrency with maximum market capitalization.
Hence, the price of Bitcoin will steadily grow along with time. This will assist you in getting a maximum return out of your investments in the future as well.
Over time, you will never regret the money that you have invested in Bitcoin.
Ethereum is quite different from Bitcoin. If Bitcoin is the king of crypto, Ethereum is the queen. This difference is the main reason why you need to think about investing in Ethereum as well.
Ethereum is a cryptocurrency that is based upon smart contracts. These smart contracts are being used by a large number of projects.
In fact, those projects have been able to experience the benefits of digitization of the transactions along with smart contracts. Hence, you can decide to start using Ethereum without keeping any doubts in mind.
The demand for Ethereum is increasing along with time because of the role that is playing behind smart contracts. Therefore, we can expect the value of Ethereum to grow as well.
This is the main reason why you should think about going forward with Ethereum investments in 2020.
The NEO project was linked with many different cryptocurrency investment ratings. However, you will be able to find how this cryptocurrency will be able to break numerous stereotypes.
This is the very first open-source crypto token that was initiated in China. It is capable of mixing real assets along with digital assets. Hence, we will be able to find more and more people using NEO in the future.
Due to the same reason, you can make the decision to move forward and start using NEO.
EOS is a relatively new cryptocurrency. However, experts believe that it will be one of the most promising cryptocurrencies that we will be able to see during the rest of the year and throughout the upcoming years.
Due to the same reason, you can go ahead and invest in purchasing EOS. Some of the leading tech companies out there in the world are already making plans to move into cryptocurrencies.
If companies such as Amazon, Uber, and Twitter move to cryptocurrencies, they will be using EOS. This is the main reason why you should be investing in EOS.
If such a thing happens, the price associated with EOS will boost. There is a high possibility for such a situation to occur as well. Hence, you don’t need to think twice before you invest in EOS.
Ripple is a cryptocurrency, which is playing a dominating role within the banking industry. You can think about investing in this cryptocurrency due to the reason mentioned above.
The infrastructure of numerous banks out there is already relying on Ripple. It has even been integrated into Western Union.
On the other hand, there is a high possibility for Ripple to come forward and replace SWIFT as well. Once this happens, we will be able to see a reduction in the costs that are linked to money transfers.
Hence, more companies will start taking a look at Ripple. You can get the maximum benefit out of this if you have invested in Ripple.
Cryptocurrencies allow you to have access to a financial market that is completely liquid. If you have ever traded stocks, you know that this is not always the case. Shares can be hard to price for people who don’t have experience in the business world.
Many investors are learning how to trade stocks, but it is challenging for them to make trades due to the lack of information. People who want to trade shares, for example, must invest in the stock itself and therefore have no idea what the value of the stock will be several months down the road. Trading a piece of property, however, is extremely easy to price.
Investing in cryptocurrency is very much like trading stocks. It is also easy to do on the internet. There are many free-trading dealing platforms available for you to use.
Many of these trading platforms will let you choose the method that you want to trade. In the past, most investors preferred to trade with banks because of the ease of access they offered.
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I am Adeyemi Adetilewa, a media consultant, entrepreneur, husband, and father. Founder and Editor-In-Chief of Ideas Plus Business Magazine, online business resources for entrepreneurs. I help brands share unique and impactful stories through the use of public relations, advertising, and online marketing. My work has been featured on the Huffington Post, Thrive Global, Addicted2Success, Hackernoon, The Good Men Project, and other publications.