Do you want to know what is the best cryptocurrency to invest in for 2020? Knowing which blockchain technology to invest in can prove to be a daunting task. With hundreds of cryptocurrencies to invest in, where do you start?
It can be overwhelming and confusing when you first start looking for the best cryptocurrency to buy right now, but we are here to make it easier for you. Lucky for you, we used several factors before choosing the best cryptocurrency to invest in. First, before you start investing in cryptocurrencies, it is important to develop a successful trading strategy.
So, are you looking for the next big thing and for a new crypto investment? Perhaps you find yourself thinking whether to invest in Bitcoin ? Or should invest in Ripple ?
Here is a list of the most promising, best cryptocurrencies to invest in for 2020.
Best Cryptocurrencies to Invest in 2020
Just as there are the best cryptocurrencies to invest in 2018 , this year is also full of good opportunities. That means there is still a chance to get rich, but you just need to know where to put your money.
At the time of writing this article, based on Coinmarketcap statistics, there are 2120 different cryptocurrencies. The market cap of all cryptocurrencies is over $112 billion after peaking at $813 billion in January 2018.
The crypto market is full of altcoins and there are many other best cryptocurrencies to invest in besides Bitcoin. Many believe that blockchain technology is the next big thing.
While it is difficult to predict the future, the fact that we have a secure and decentralized technology gives us strong reasons to be active.
Moving forward, we will share the cryptocurrencies best to buy right now .
The cryptocurrencies we have selected have a good chance of significantly outperforming the markets in 2020.
Start!
Best Cryptocurrencies to Invest in
We have a very good chance of entering a bull market in 2019 for a variety of reasons that we will cover throughout this guide. In the case of a bull market, we should see quite a few major cryptocurrencies increase in price significantly.
However, there are a few cryptocurrencies that we think we can make a strong case for. They are one of the safest investments in case the price drops further. So if we don’t see a bull market, we won’t lose any money.
Trading or trading cryptocurrencies of the day will require you to accept risks. To reduce the risk of cryptocurrency trading, you should diversify your holdings and invest in various currencies.. This way, if a currency starts to perform poorly, your investment will still be protected.
Most cryptocurrencies have a strong connection to Bitcoin, which means Bitcoin will likely make up a significant portion of your portfolio. The coin accounts for 40% of the total market share, after all. In some ways, Bitcoin is similar to bonds in the sense that it is often the foundation of a portfolio with riskier investments (such as stocks).
Studying the historical price chart will make it easy to see if a currency is strongly correlated with Bitcoin. We also recommend paying attention to developing crypto news stories. By carefully balancing risk and reward, you can take advantage of the crypto industry’s natural growth.
Best Cryptocurrencies to Invest in 2020: Bitcoin (BTC)
Bitcoin is a very clear pick for the best cryptocurrency to invest in, we’ve seen Bitcoin have an incredible 2019 so far. Between January 1 st and May 1st this year, the coin increased in price from $3862 per coin to $5412 per coin. If you have invested in
Bitcoin on 1 st , your monthly profit can reach almost 10 percent. BTC is by far the largest cryptocurrency and the oldest coin owning more than 40% share of the total crypto market capitalization. Bitcoin is simply currently leading the market!
You can find Bitcoin listed on every crypto exchange! Bitcoin generates mainstream news on a daily basis and is recognized by most people.
After Bitcoin’s steady rise, the price remained remarkably stable. This suggests to traders that the increase in value is real and is likely to be sustained. Over the past few years, Bitcoin has dramatically increased its utility. Currently, many e-commerce stores, retail stores and even restaurants around the world accept Bitcoin as a form of currency .
Bitcoin remains in a completely unique position that we cannot talk about other cryptocurrencies and continues to be seen as the image of cryptocurrencies as a whole and representative of the crypto market. Bitcoin is also considered a store of value for a lot of people in the crypto world. Wherever you agree – with it or not, that’s how people see BTC.
It is highly unlikely that Bitcoin will lose its status too quickly, which is why BTC remains one of the safest and best cryptocurrencies to buy right now . As an industry leader, Bitcoin is often the “cryptocurrency converter” that helps crypto companies expand their reach. In other words, if Bitcoin does well, the entire crypto industry does well (and vice versa). Find more bitcoin resources here .
Taking everything into consideration for our 2019 crypto forecast, we can fully expect the Bitcoin price to remain bullish.
Best Cryptocurrencies to Invest in 2020: Ripple (XRP)
Ripple is still a low risk investment. This makes it a safer game, but can make small profits if the market bulls in 2019. However, if you want something to maximize your profits, We think Ripple cryptocurrency is the best cryptocurrency to invest in.
Ripple has established itself as one of the most stable cryptocurrencies in the industry. Other than Bitcoin, Ripple has enjoyed among the most predictable price movements. Additionally, since Ripple experiences over $800 million in daily trading volume, it is one of the most liquid cryptocurrencies available. The company behind Ripple is building an extensive international network, with hundreds of members. These are banks, payment processors, and liquidity providers.
Ripple has developed a technology that could revolutionize the way payments are made. The Ripple blockchain is still the closest and likely to get there to any real extent.
Ripple can become an alternative to the SWIFT system currently used for international money transfers that has been used for 45 years and used by every major bank in the world.
Ripple is working hard to get more companies to use their technology, which will significantly increase the price of XRP.
With a growth of around 36,000%, Ripple is the best cryptocurrency to invest in for 2017. It has grown from just a few cents at the beginning of 2017 and reached $2.4 at the end of 2017.
See the chart below:
Since we are in a bear market, like all other cryptocurrencies, the price of Ripple has been falling over the last year and at the time of this writing, is trading around $0.30.
Ripple is currently the second best cryptocurrency after Bitcoin with a total market capitalization of around $12.6 billion.
This could be a good time to buy Ripple, down nearly 70% from the all-time high of $3.4 reached in January 2018. As of 2019, Ripple’s market cap has surpassed more than 12 billion dollars. Buying an individual coin is surprisingly affordable. Throughout 2020, Ripple has mostly fluctuated between $0.28 and $0.38 per coin. As the company behind Ripple continues to build valuable connections in the business world, Ripple may be on the verge of breaking out of the current price channel.
Take a look at our third pick for the best cryptocurrency to buy right now.
Best Cryptocurrencies to Invest in 2020: Basic Attention Token (BAT)
The Basic Attention token is a cryptocurrency token designed to bring a new way of funding on the internet. The internet is mainly based on paid advertising. When you open a website there is always a bunch of ads. Contrary to Bitcoin and Ripple, BAT is a coin that is still on the net outside of looking at. The coin has experienced above-average volatility, but it has also produced some impressive returns.
The reliance on adding revenue and monetizing content through advertising is what makes BAT a good candidate for the best cryptocurrency of 2019. The coin has more than doubled so far. three times in value. Between January 1 st and April 20 date , the coin appreciates from $0.13 to $0.44 per coin. Although the coin has experienced a slight drop in price since then, dropping to around $0.37 per coin, its gains are still impressive.
The team behind BAT envisions a world of sponsorship where we decided to support our favorite creators. For this purpose, they created the BAT coin and integrated it into the BRAVE browser.
Currently, there are about 1.3 billion BAT in circulation. The 24-hour trading volume is $108.6 million and the current market cap is $466 million. While these numbers are much smaller than those of Bitcoin and Ripple, BAT is a rising coin. This could be one of the best coins for risk-tolerant investors in 2020.
Now let’s get to our final picks for 2020
Best Cryptocurrencies to Invest in 2020: Ethereum (ETH)
During the strongest crypto bull market, Ethereum price spiked slightly near the $1600 level reached on January 13, 2018. At the time, the Ethereum market cap was around $138 billion. ETH has grown by nearly 3000%, making it one of the best cryptocurrencies to invest in for 2017.
So far in 2019, Ethereum has begun to gradually reverse the losses from late last year. The coin is receiving increasing attention from crypto developers and has been able to maintain most of its positive returns. Whether it’s a good idea to buy Ethereum is up to you to decide.
ETH is not just a cryptocurrency, it is a more advanced blockchain technology than bitcoin. This technology allows other blockchain projects to be launched on the Ethereum platform. While Ethereum was trading for around $140 per coin at the start of the year, its current price is closer to $200 ($196.48 as of May 11). The Ethereum chart typically moves in increments with Bitcoin, falling around the end of 2018 and posting positive gains so far this year.
At around $200, Ethereum is an excellent intermediary coin that is more affordable than Bitcoin, but much more expensive than BAT and Ripple. Buying coins at a variety of prices can make your portfolio more diversified and dynamic. Ethereum is also a great alternative to hedge when buying newer coins.
We encourage you to give Ethereum a chance, as it has the potential to be the best cryptocurrency to invest in in 2020.
Conclusion – Best Cryptocurrencies to Invest in
If we didn’t mention your favorite coin in the best crypto investment guide of 2019, that doesn’t mean your coin won’t increase in value. That simply means it didn’t make the cut to be listed as the best cryptocurrency to buy right now .
As we said earlier, diversification can enhance your cryptocurrency trading strategy. By investing in larger amounts, you can protect yourself from unexpected events.
While the four coins featured in this article are our top picks, we also recommend you take a look at these.
- Litecoin (LTC)
- Bitcoin Cash (BCH)
- Dash
- Monero (XMR)
- Peercoin
- EOS
- Binance Coin (BNB)
- Tron (TRX)
- S Tellar (XLM)
- Tezos (XTZ)
Many of these coins have high market caps. This helps ensure long-term stability and will also make the currency a little more predictable. To access the benefits of diversification further, you may want to consider investing in a crypto index fund.
Remember, your forecast will not be 100% accurate so always be prepared for fluctuations.
Which of the cryptocurrencies listed above is your favourite? Let us know if you have another good candidate for the best cryptocurrency to invest in 2020.