Cryptocurrency is getting more and more popular and many more people have started seeing the immense benefits attached to these digital coins. Today, there are thousands of cryptocurrencies out there, and some people might be unsure about which coins to invest in.
It is pretty fine. In this article, we will be exploring some cryptocurrencies anyone can invest in this year.
So, first, why should you invest in cryptocurrencies? Well, it has been agreed by many that cryptocurrencies are the future of finance. Actually, we should not ignore the fact that digital currencies offer a lot of advantages when compared to traditional fiat money. Worthy of note is that it is easier to send money to far places without spending a lot on fees.
Let’s see some popular cryptocurrencies you can invest in this 2020. Let’s get started.
1. Bitcoin (BTC)
Of course, we can’t but start with bitcoin. It remains the most popular digital coin in the world, and it has been around for lots of years now.
It is being said that as long as this digital currency keeps dominating the cryptocurrency market, those that invests will continue to benefit from high liquidity levels. So, if you are not even sure of which cryptocurrency to invest in, you can try bitcoin.
2. Ripple (XRP)
Second on the list is Ripple – which is currently the third cryptocurrency by market capitalization. We should also add that XRP is regarded as the most affordable digital coin one can invest in. It remains a promising crypto, and you can give this a shot.
3. Litecoin (LTC)
Third on the list is Litecoin. If you are serious about investing in cryptocurrencies, then don’t ignore Litecoin. It remains one of the fastest and most affordable digital coin as far as payments is concerned. LTC is placed on the third place by market capitalization.
4. Ethereum (ETH)
Why should Ethereum be ignored? If you are familiar with cryptocurrencies, you should likely be familiar with Eth. It is pretty much influential, since the Ethereum blockchain actually allows tons of projects to develop on top of it.
It actually remains a very accessible investment for those starting off in the cryptocurrency space. So, analysts still see big potential for this cryptocurrency in the months ahead, and you can go on investing in it.
5. Neo (NEO)
Indeed, the cryptocurrency space is still a petite one. Some individuals and projects can’t actually be ignored. Talking about NEO, it is ann open-source, community driven platform that leverages blockchain technology to optimize the digital economy.
6. Zcash (ZEC)
One of the features that made BTC popular is its privacy. Nevertheless, it is interesting to note that tons of cryptocurrencies out there can be tracked down to their owners by governments and companies. However, when talking about privacy, we can always recommend a crypto like Zcash.
This coin has a total fixed supply of 21 million ZEC coins. Its price is closely tied to the overall market performance.
7. Stellar (XLM)
Here is another popular crypto that you can invest in. It is a well-known project out there that has been around for some time now. The coin keeps getting stronger, and you can invest in it as soon as possible – as it is still one of the most affordable cryptocurrencies to invest in.
Stellar is an open source and decentralized protocol for cross-border transactions, with a major aim of replacing the SWIFT system, disrupting the global money market.
8. Cardano (ADA)
Cardano is a recent one that came up in 2015. However, considering some factors, it was included in this list. Actually, this technological platform is after becoming the home for huge scale financial applications. The project actually relies on a strong community of tech-forward peeps. The founders have also partnered up with the University of Malta to offer lots of courses on the programming languages used within the Cardano network.
9. Tron (TRX)
Up next on our list is Tron (TRX). Also one of the new projects around, it was founded in 2017 by the so-called TRON Foundation. Actually, it has swiftly become one of the most hype projects as far as the crypto world is concerned.
One major aim of the founders of the project is to build a free, global digital entertainment system that allows users to share digital content in an easy and cost-effective way. TRON wants to cut the middleman and allow any body out there to host digital content on its blockchain-based ecosystem.
So, if you are a content creator, you can take advantage of this technology, as this model gives you a spectacular chance to lower the price of third party distribution channels. For everyone else, if the content creators ensured low fees, it means they can access more content without paying a lot.
10. Ontology (ONT)
Last on the list is Ontology. This is actually a public multi-chain platform with an aim of boosting adoption of blockchain technology among the business community. The project allows businesses to implement blockchain solutions even if they don’t have any prior knowledge on this. The founders have developed various tools and businesses – either big or small, can launch trust mechanisms and tailor them to their needs.
So, you should realize that the Ontology blockchain protocol vehemently reduces the learning curve for blockchain business applications, particularly when it comes to identity verification and data exchange. You can invest in this project too, if you are unsure of which cryptocurrency to invest in this world.
In conclusion, it is a good idea to invest in cryptocurrencies, as these digital coins have been regarded as the currency of the future. Additionally, by taking steps to invest in certain coins, some investors have been able to create wealth for themselves and made a lot of money due to spikes in the value of these coins. However, ensure you have a huge knowledge of what you are getting yourself into before taking any action at all – as this is very important.