The best cryptocurrency to invest in 2020 – The year 2017 was an ideal year to invest in the most promising cryptocurrencies as cryptocurrencies performed well. They continue to develop well and attract new investors.
However, 2018 and 2019 were not ideal for investors due to the very volatile crypto nature and other global factors.
In 2020, people will have questions like, “What is the new cryptocurrency to be invested in 2020?”
These are excellent long-term investment markets with significant long-term gains.
Therefore, it is essential to understand cryptocurrencies’ potential and characteristics before considering them as an investment.
What is the best cryptocurrency to invest in?
However, most people found it difficult to find a good cryptocurrency investment in 2019 because of the fluctuating market!
As a beginner, it isn’t apparent to first look for new investments in the crypto world. Do not worry this article will guide you in the right direction.
So, In the year 2020, you are looking forward to investing in cryptocurrency!!! Don’t worry; you are in the right place. Below we will discuss some good coins to invest in.
Are you interested in cryptocurrency?
Well, By the end of this post. You will have a basic idea of how these things work, and you’ll be able to find the best cryptocurrencies to make a smart investment in 2020 by yourself.
Recent Crypto Market
Primarily Bitcoin is the First Concept and inspiration for many who implemented a concept known as “Blockchain & Cryptocurrency. “
WeiDai represented an inspiration in 1998 on the Cypherpunks mailing list and described a brand new currency approach.
Instead of a central authority, blockchain is used to control its creation and transactions.
The primary Bitcoin specification and, therefore, the POC ( proof-of-concept ) was revealed in 2009 by Satoshi Nakamoto on the cryptography list.
In the Year 2010, Satoshi did not reveal much about himself and left the project in late 2010. With several developers commencing to use Bitcoin, the community has full-grown exponentially.
Satoshi’s obscurity typically raises unreasonable considerations, several of that area unit associated with the misunderstanding of the open supply nature of Bitcoin.
Software & Protocols of Bitcoin are openly published in public and market.
Any developer around the world will read the code or produce their changed version of the Bitcoin package.
Like the current developer, Today, Bitcoin’s inventor’s identity is as relevant as the inventor of paper; He is also associated with the identity of the one who made-up the paper.
The Bitcoin price chart from Coin Market Cap shows the growth of crypto coins from 2013 to 2018.
IN 2019: BTC value at the end of year $ 7,193.60.
A Bitcoin price was risen from about $ 75 (2013) to $ 20,000 (December 2017). This means that if you invested USD 225 in 2013, you would receive USD 60,000 in 2017.
In the Year 2018, the BTC price fell sharply, and it was crazy!
If you would like to invest in Bitcoin (BTC), you should grasp the most recent news and trends regarding Bitcoin.
If bitcoin prices fall sharply, this could otherwise be a decent time to invest in Bitcoin.
But If you believe in bitcoin and cryptocurrencies, 2020 is a good time to consider and invest in crypto.
Marketcap : $157,926,432,665
Circ Supply: 18,163,200 BTC
Is cryptocurrency a good investment?
The answer is: You should need to stay up to date with the latest news and trends about bitcoin if you are thinking of investing in bitcoin (BTC).
If any news of new technical improvement is released, you might want to think about buying.
When there is a huge fall in the bitcoin price, this might also become a good investment time in this promising cryptocurrency.
If you believe in bitcoin and cryptocurrency, then you can think about investing in the best cryptocurrency to invest in.
Similar: Earn Free Bitcoin and Cryptocurrency
ETH is also a good cryptocurrency for investment in 2019. Ethereum starts at roughly the same price.
In 2015, the price was USD 0.7, reached USD 720 at the end of 2017.
At the beginning of 2018, Ethereum’s highest price was USD 1,423.
At the starting of year 2019? JAN month”, Ethereum price is USD 118.
Ethereum grew 3,000% in 2017, becoming the second-largest cryptocurrency after Bitcoin.
You’re questioning currently that it’s too late. However, currently, individuals have lowered the worth of Ethereum to USD 118, which has been born from $ 1,423 to $ 681 to USD 118.
It’s the best time to buy when ETH is low.
How is Ethereum different from Bitcoin?
Ethereum is an advanced blockchain project, and the next line shows you the power of this blockchain technology. This allows developers to create their cryptocurrency.
Ripple or XRP is among the foremost powerful crypto with a growth rate of over 3,000% growth.
XRP price goes from 0$ at the beginning of 2017 to 2.5$ at the end of 2017.
But in 2018, Ripple rates also drop like all cryptocurrencies. It drops to 0.68$ USD and Lower.
But at the start of the year 2019, XRP is currently 0.32 USD
Now you think you have missed an opportunity not to invest in 2017, but you still have a great opportunity.
The price is much lower than that of Bitcoin but comes third after Bitcoin and Ethereum (by market cap).
Why does one assume it is such a popular and promising cryptocurrency?
The answer is, “It’s a digital currency and a payment system that can handle secure international transactions.
Shortly, the banks’ monopoly could end, or the national banks will use ripples in international transactions.
American Express, JPMorgan Chase, and Santander are big financial institutions and already use XRP technology.
Note: – As Ripple prices fall over 70%, this may be the promising cryptocurrency for long-term investment. Ripple is also the best cryptocurrency with an investment of less than a dollar.
Similar: Best Altcoin to invest” MIB Coin. “
Electroneum, also known as ETN, is a mobile cryptocurrency designed for large-scale adoption.
Launched in September 2017, ETN is currently among the top 100 cryptocurrencies.
This may enable over 350 million smartphone users in developing countries to enter the digital marketplace for the first time, making a brand new market of $ 3 trillion.
It is speeding very fast as ETN has a mobile mining concept (not actual mining) and free ETN through their mining App. Now free ETC is closed.
Like other cryptocurrencies, it’s a digital currency created using blockchain technology.
What’s the difference?
ETN has a very successful ICO, but now the price of ETN has fallen from $ 0.18 to $ 0.006, which is why this is the best time to buy electronics as a long-term investment.
However, in October 2018, Electroneum began to rise and rise due to numerous agreements with mobile partners, more than 100 million users worldwide. There are currently 46 items on the list of coins.
According to experts, it has great potential and will show more growth and price increases.
Many people have joined the ETN team, and they have many plans in their pockets to achieve great success.
It started growing by 200% in October and has grown strongly.
It is the best time to buy electroneum as a long term investment when its price is about USD 0.0068.
Similar: Know More About Mobile Mining
Current Price is $0.0068 USD / 0.00000187 BTC.
Recent growth is shown in the chart
If it follows the road to mass adoption of ETN. It will be a game changer in crypto world.9,960,288,087 ETN
Similar : Best Altcoin to invest ” MaidSafeCoin “
XWC / Whitecoin is a cryptocurrency that is four years old. It is a decentralized global blockchain-focused on network security, payments, and secure communications. Whitecoin is not controlled by one person but by a dedicated community of supporters.
XWC is PoS/PoS hybrid coin now in PoS phase. It has :
It is adaptable with democratic and merit-based processes. And also has an Eco-friendly platform as it works on the PoS / Proof of stake model.
Whitecoin network is extremely quick and can facilitate payment within a second.
The price of XWC at the beginning was $0.002, and the current price is $0.09. It has shown significant growth.
Whitecoin is a great opportunity for investment as it is showing steady growth. It particularly focuses on
XWC is the best cryptocurrency to invest in. You can trade XWC on the below-mentioned crypto exchange :
Whitecoin is one of the most promising cryptocurrencies, which is not as popular as it should be.
Similar: Best Altcoin to invest ” VTC. “
I want to tell you about some best long-term cryptocurrencies that could potentially be great buying opportunities in the coming months of 2020.
There are a handful of altcoins that would have given you a better return than bitcoin if you invested in past years.
As cryptocurrencies are becoming popular more people are seeking investment opportunities in altcoins.
We’ll give you the list of the best altcoin worth investing in.
Tron (TRX) grew by more than 2,000% from December to January 2019. This is just three weeks of growth. Do you know exactly what Tron is? Or do you still wonder, “What is Tron”?
Tron is a fantastic long term altcoin to invest for anyone interested in communication, media, or entertainment.
TRX project is about a platform that integrates distributed support on YouTube and Netflix like media sites.
Tron uses blockchain and P2P technology, and it is a decentralized platform for entertainment, content sharing.
Think of it as asocial media to create and share your content with anyone in the world.
TRX/Tronix is the basic unit of currency in the Tchain blockchain. It is the currency you pay for its content. Its symbol is “TRX.”
Another long run altcoin LTC is still one of the best altcoins to invest in 2020; Litecoin price has increased by 7000% since the beginning of 2017. If we compare it to bitcoin, it has increased by 1700%.
An ex-Google employee named” Charlie Lee” created Litecoin with a vision of lighter bitcoin.
Then, on October 7, 2011, litecoin was launched through an open-source client on GitHub. The Litecoin network became operational on October 13, 2011. It is known as a Bitcoin Core client fork.
In a way, it is a clone of bitcoin.
Digi byte token currently ranked as number 64, so it’s a nice mid cap level coin and one of the best long term cryptocurrencies to invest.
The reason that digibytes makes today’s list because, in July, Digi bite is going through its crypto algorithm swap; we all know what that means.
Before we talk about what this means to you as an investor of Digi byte.
The Digi bite was launched fairly way back in 2014.
Launched fairly, meaning no ICO, no pre-mine, and no centralized company behind the project.
So Digi bite is highly community-driven, and because of the fair launch, it is highly decentralized compared to another similar cryptocurrency.
Another differentiator is Digi bytes speed right now can handle over 1,000 transactions per second. Still, the differentiator with Digi byte means how do they stay scalable as their ecosystem grows well.
Digi byte’s difference is that every two years, a hard fork happens that doubles the network’s block size/capacity until the year 2035.
So right now can handle a thousand TPS. By the year 2035, it will handle over 280 thousand transactions per second.
The big difference is :
They use five different mining algorithms, which are equally weighted as opposed to Bitcoin; for example, we use one algorithm so that you can mine digibyte on a piece of hardware or just at your home computer.
Now let me be frank Digi byte is highly community-driven, and because it has no centralized entity behind them, they’re not on top exchanges like my balance or Gemini or coinbase.
But despite this lack of exchange listings, at least on the bigger exchanges still, maintain its mint cap status.
So despite ontology having a way higher market cap and being a Chinese coin digibyte, once the community votes, this will help Dig bytes volume.
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The BAT token is currently ranked in the top 31 for most valuable cryptocurrencies by market cap and currently trading at about 29 cents per BAT token.
BAT has made a ton of progress coming off of June, July and it looks like it’s continuing that growth into September.
BAT has their brave android update means that you can now earn a basic attention token through your Android.
Right now, it’s available on your PC, on your Mac, and your mobile. You can also start earning basic attention tokens on your PC or mobile just by doing what you always do.
The majority of people spend most of their time perusing their web on their phone, probably around 50 percent if not more. This mobile update will add to the ecosystem help spread more BAT tokens to other BAT holders.
In a few months, the number of people using BAT in the basic attention token ecosystem has continued the growth. This token is a coin to keep your eye on, and the significance is because we saw all this growth in 30 days where alts were draining.
And the market was pretty much trading sideways, meaning that we’re continuing to see this growth even though we’re not seeing any new people enter the crypto space.
Let’s see what kind of growth we’ll see from a brave browser from basic attention token once new people enter the space.
Tezo’s currently ranked 22nd and right now trading a $1 and 22 cents per coin. One of the adoption hype around tezo’s leads many to speculate that tezo’s could be a top 10 coin shortly.
And when I say adoption hype around tezo’s project just had a major green flag now that we know Latin America’s biggest investment bank will be using tezo’s.
Tezo’s is a new decentralized blockchain that governs itself by establishing a true digital Commonwealth. So tezo’s is a smart contract platform like ethereum and has governance models similar to EOS.
The difference with tezo’s, among other things, is their smart contract platform and governance. But the difference with tezo’s is how their smart contracts have their domain-specific language called Mickelson.
Mickelson is a programming language that supposedly makes it easier for the average developer to read and write and develop code.
And it’s for all those reasons that tezo’s is banking on & will be why developers come to their platform, and Tasos is very much more decentralized than a lot of its competitors in terms of nodes.
By comparison, iOS has a huge market cap. They have a lot of money, but they are very centralized minimal nodes, and tezo’s a newer project despite its minimal market cap, has the most nodes compared to Finance Tron cosmos ontology.
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So the decentralization is something I like about the project. Of course, it makes number one for the July list because Latin America’s biggest investment bank to sell 1 billion dollars in STO using tezo’s now.
STOs will be the future because they’re more compliant than icos, and this adoption will give a huge use case to the tezo’s blockchain.
This is the most recent green flag for tezo’s, but as we know, coinbase also choose tezo’s as the coin they want on their exchange that they allow staking services.
This means that the coin base saw institutional demand for a stake in coin, and they chose tezo’s to more institutions as more investors come into space.
And if their interest-earning passive income and having coinbase handle to custody, tezo’s will be the coin that they can earn some passive tezo’s by staking.
In 2020, I would rather prefer Altcoin mining than Bitcoin mining!
If you only invest in Bitcoin and looking for altcoin for some short-term profits, you can also take short-term advantage through cryptos such as ETH, ETC, MXR, etc. Easy!
Bitcoin is now part of everyday life, although many people still do not fully understand its work mechanics.
Most people are not aware of the cryptocurrency sector’s scope and about investment in Altcoin mining.
People think that mining competition is very intense. But the truth is, you can also start extracting some altcoins from your home if you have a computer.
Now Bitcoin is very far to mine for small investors. It is like pushing a mountain with your small hands.
But if you are a small investor who wants to dive for the first time in crypto-mining, do not worry because this mining is not limited to bitcoin as there are many altcoins out there to mine as well.
Know why altcoins are best to mine!
Altcoin means “alternate for Bitcoin,” it is also a digital currency. It is a substitute for Bitcoin”. Altcoins are created by extending the basic rules of Bitcoin or developing a whole new currency.
Now there are thousands of cryptocurrencies in the market, which offers a good opportunity to profit from mining.
Although Ethereum is the second or third-largest cryptocurrency by market capitalization, it is also for minors with graphics cards.
This is mainly due to the extreme decentralization of the Ethereum network. Crypto mining Ether will be profitable in 2019 as expected.
Another advantage of mining ETH is that Ethereum is one of the biggest blockchain projects and will probably not disappear soon.
Ethereum supporters even expect Bitcoin to be the first cryptocurrency to be passed on.
Monero oscillates between profitability and small losses. So, you want to keep an eye on whether it’s profitable for you at all times.
The benefit to monero and one of the reasons it’s still relevant for 2019 is that it’s the most privacy-friendly altcoin and the tenth-largest market capitalization.
Many of the first blockchain users, such as monero, are responsible for their privacy and anonymity.
It is also popular with GPU users as the monero development team maintains monero’s resilience to ASICs.
They are so committed in this direction that they modified their algorithm early in 2018 in response to the ASIC system that Monero can exploit.
This is another reason why you will enjoy mining this altcoin in 2019. You can be sure that it will always be accessible to homeworkers with a simple GPU.
Since the start of Bitcoin in 2008, Zcash has become one of the newest coins of cryptocurrency blocks. Over the years, many cryptocurrencies came from worldwide and were inspired by bitcoins, like Zcash.
Zcash provides additional security or protection when all exchanges are distributed on a blockchain, but key elements such as sender, recipient, and the total remain confidential.
With Zcash, users can also send public payments that work in the same way as Bitcoin. By supporting protected and transparent addresses, users can send Zcash privately or publicly.
Payments sent from a protected address to a transparent address reflect the balance received; on the other hand, payments from a transparent address to a protected address protect the value received.
Zcash uses zero Knowledge Certificates. In short, one person (the prosecutor) may prove to second (the verifier) ?? the accuracy of an assertion without showing information that goes beyond the validity of the statement itself.
If you only want to use Zcash, you can shop online through a stock exchange or mine it.
You know, ZenCash was renamed to Horizen; it was just a brand new image.
It’s an extension of the brand. This is one of the steps in a series of updates to improve the project and open a new acceptance chapter.
Although the new name does not change the legacy or ZEN’s goal, it represents a refreshing opportunity to connect the project to new technologies.
Zencash is a fork of ZClassic, which is the same as the ZCash coin.
In 2014, VTC was created as a decentralized cryptocurrency, i.e., Vertcoin VTC is an open-source altcoin.
VTC secures the network and verifies transactions by using the proof-of-work mechanism.
David Muller founded the Vertcoin in early 2014. He uses Bitcoin concepts as a basis & doing some modifications.
Vertcoin is decentralized by penalizing ASIC miners. It has one-click software to mine the coin.