Cryptocurrencies are arguably the best digital invention in recent times. They use different algorithms and are traded in several ways. Besides, their high volatility makes them eye candy for the investors. So, if you’re a crypto investor who’s looking for the best cryptocurrency list to invest in 2020, this article is specifically for you.
Here, you will discover the top cryptocurrencies to invest, their main characteristics, and more. By the time you finish reading this article, you will know which digital coins are the best to invest. So let’s get started!
The List of Most Important & Top Cryptocurrencies To Invest in 2020
We’ve prepared a list of top best cryptocurrencies of 2020 in the world. You can read about these in detail.
- Bitcoin (BTC)
- Ethereum (ETH)
- Ripple (XRP)
- Litecoin (LTC)
- Binance Coin (BNB)
- Maker (MKR)
- Stellar (XLM)
- Apollo (APL)
- Cardano (ADA)
- Basic Attention Token
Bitcoin (BTC) – World’s Largest Crypto by Market Capitalization
Without a doubt, Bitcoin is by far the most dominant coin out there. It currently takes up more than 60% of the market share. Bitcoin is so large that some experts suggest it may even end up outweighing digital gold in the future. Not only that, every time there’s a fluctuation in Bitcoin’s price, but other coins also do likewise.
For investment purposes in 2020, experts have declared Bitcoin a safe option. The coin’s price is predicted to go high and will produce good returns.
How high will the price of Bitcoin go this year?
Some experts believe that the Bitcoin price is likely to go beyond $100,000 by the end of 2020. However, whether it’ll happen or not remains to be seen.
In terms of total market share, Ethereum is the second-largest coin after BTC. Launched in 2015, Ethereum took only five years to become one of the most coveted coins in the crypto market.
The primary difference between Bitcoin and Ethereum is that Ethereum comes with Smart Contracts. This is a feature that enables developers to build decentralized apps or dApps.
Ethereum blockchain uses these apps to provide a more stable user experience.
Is Ethereum a good investment option in 2020?
From an investment point of view, many crypto experts believe that ETH is set to offer big returns in 2020. Its price is currently $151.90 and will continue to grow this year.
Related: Best Ways to Earn Free Ethereum
Ripple is the third popular coin in our best cryptocurrency list. It came out in 2012 and, since then, has become an important player in the crypto world.
In terms of privacy, Ripple can be viewed as the best cryptocurrency. It offers complete anonymity and loads of other amazing features to its users. For this reason, top banking institutions such as Standard Chartered and Santander use Ripple to facilitate seamless international transactions.
Is Ripple a good option to invest money?
The financial experts believe that Ripple is set for big things in 2020. Currently, one XRP is priced at $0.15, but the experts believe that it will hit $20 by the end of this year, which will probably be the biggest spike in terms of percentage in 2020.
Litecoin (LTC) – Best Cryptocurrency List
LTC is the lighter version of Bitcoin. Except for a few tweaks, both coins pretty much use the same coding structure. With that said, Litecoin’s block generation and token supply are 4 times faster than that of BTC.
Is Litecoin a good investment?
Back in 2018, when the owner of Litecoin sold all the LTC tokens, it was feared that the coin would become worthless overnight. But surprisingly, LTC’s price has been continuously rising due to which many experts consider it a good investment option.
Binance Coin (BNB)
BNB is a digital coin owned by Binance Coin crypto exchange. The best thing experts think about BNB is that as long as the Binance exchange is doing well, the coin will remain a valuable asset.
Is Binance a good coin to invest in?
Experts consider Binance an excellent long term investment. Currently, the price of one BNB is equal to $12, which is expected to rise to $24 by the end of 2020. In 2025, the coin is likely to hit $125, which further proves its value.
Maker is sixth in our best cryptocurrency list. The currency is considered unique because of a minimal supply (only 1 million coins). Besides, it has autonomous feedback mechanisms and can also serve as a Smart Contracts platform.
The best thing about MKR is that in addition to allowing the users to make transactions, it gives them the voting rights to maintain the balance of its decentralized system.
Is it safe to invest in Maker (MKR)?
Maker is considered a promising investment opportunity by the experts. 1 MKR is currently valued at $334, and the price is expected to rise further in the next few months.
Stellar has one of the fastest systems for international transactions. The currency can be transferred from any part of the world to anywhere in the world. The best thing about XLM is that it is very stable and experiences very few price drops.
Is stellar XLM a good investment option?
In terms of market capitalization, Stellar XLM is among the top 10 digital coins. Recently, it has also shown a lot of growth in price, because of which financial experts are starting to consider it a safe investment option.
Apollo is famous for its fast transaction time and enhanced user privacy. One thing that makes APL unique is that it combines features of almost every other crypto into one coin. Plus, it also allows its users to forge new coins using their Apollo wallets.
Is Apollo APL a good investment option?
Apollo considers itself the biggest competitor of the top 20 digital coins, which gives it an edge over many Altcoins. Besides, its price has been on a steady rise and will remain so for the next few months due to which experts consider it safe for investment.
Cardano is sometimes called baby Ethereum because both coins share a lot of similarities on the surface. For example, both ADA and ETH allows developers to build Apps.
However, after a more in-depth look, you’ll start to see differences between them. Unlike Ethereum, Cardano is primarily focused on improving transaction time and fee-related issues.
Is Cardano a good investment option?
Although Cardano is still in the development phase, it can be useful for long term investments. The coin is sustainable, and the price is also likely to increase, all of which make it a good investment option.
Basic Attention Token – Best cryptocurrency list
Basic Attention Token or BAT is the last one on our list. Experts call it the most interesting coin because it fuels Brave Browser’s digital payments. In case you didn’t know, Brave Browser is the world’s only browser that pays the users for web surfing. It pays a certain amount of BAT to users who view ads in the browser.
Is Basic Attention Token (BAT) a good investment?
You may also like this: Best Ways to Buy Bitcoin in 2020