Are you interested in cryptocurrencies, but don’t know which coins to buy in 2020? The first thing you need to do is find out as much as possible about any potential coins you might want to buy.
If you are doing just that, then here is a list of the 6 best cryptocurrencies to buy in 2020.
I put Bitcoin (BTC) on top of the list as it carries the most potential for growth going into 2020. Both from a technical and fundamental point of view, BTC leads the market as the most popular and most widely used cryptocurrency.
Bitcoin’s Proof-of-Work (PoW) system is set for block reward halving in the year. Reduced block rewards and the ever reducing number of mineable coins means that BTC price can only go up as demand increases.
The recent bear market also sees Bitcoin’s price offer a buying opportunity. If you are looking to add a great cryptocurrency to your portfolio, Bitcoin can be that asset. You can buy bitcoin from popular crypto platforms like eToro, Coinbase, and Binance.
May 23- Block Reward Halving with miners getting
Ethereum (ETH) is the second-largest cryptocurrency, leading the market as the home of decentralized applications (dApps) and smart contracts.
The developer team has faced several setbacks in the quest to handle scaling issues. However, various upgrades and updates look to settle scalability challenges. The hot prospects for Ethereum are also down to the fact that so many projects have and continue to build on its blockchain.
Prices are also at a reasonably low level, making it attractive for anyone looking for a long-term investment opportunity.
Key item: Upcoming upgrade
January 3 will herald the launch of Ethereum 2.0 Genesis block introducing proof of stake and later sharding.
XRP, developed by Ripple Labs and released in 2012, is currently the third-largest cryptocurrency by market capitalization. The crypto coin has had a rough 2019, much all other cryptocurrencies.
The strength of the coin, however, lies in the ability of Ripple Labs to market XRP. Already most of the world’s leading financial institutions and banks (over 300 at the moment) are signed up to use XRP or RippleNet.
Buy XRP on all major exchanges including Coinbase.
Key item: XRP adoption
With its growth potential, Ripple is on track to challenge SWIFT- something that could make XRP big in a couple of years.
Litecoin (LTC) is another great crypto for hodling. This top 10 cryptocurrency is silver to Bitcoin’s gold, with the potential to skyrocket in value in the next few years.
Litecoin has strong fundamental indicators. The first to implement SegWit, Lightning Network, and Atomic swaps, LTC is now one of the most used payment methods for online payments.
LTC reached a high of $375 in 2017 and could jump to similar levels again. Buy and trade LTC on eToro and all major global exchanges.
Key item: Pay with Litecoin (LTC)
Binance Coin (BNB)
Binance Coin (BNB) is on this list of top 6 coins to invest in 2020 for its potential. It is a utility token used in an ever-growing Binance ecosystem, including decentralized exchange Binance DEX.
A team headed by Changpen Zhao has had much success with Binance and the same is probable with BNB. The coin is already a top 10 cryptocurrency and demonstrated its potential with an x3 price growth in a largely bearish 2019.
Binance Coin offers an opportunity for any investor looking to add to their crypto portfolio. BNB’s liquidity means you can buy and sell the coin on most major platforms.
Key item: expansion of the Binance ecosystem
Tezos (XTZ) raised $232 million in its ICO and has steadily grown to become one of the best platforms for dApps and smart contracts.
Not much needs to be said about a coin that attracted the attention of the Winklevoss twins in 2018. It currently is one of the outlier coins that have bullish predictions for 2020. If you need to check it out, take note of the fact that Coinbase already provides for “baking” services on XTZ for institutional investors.
Key item: institutional money coming into the Tezos ecosystem
You can buy Tezos (XTZ) on Coinbase and eToro.
Other top cryptocurrencies to buy in 2020
Check out Ethereum Classic (ETC), Cardano (ADA), Stellar Lumens (XLM) and Dash (DASH).
The above are the best cryptocurrencies to invest in in 2020. However, before you buy any cryptocurrencies, ensure you find out as much as you can about them. Also very important: use a reputable crypto exchange whenever you buy crypto and add to your coin’s security by using a secure wallet to store your funds.
Remember cryptos can be very volatile and there’s the possibility that you could lose all your money. Invest wisely. We do not give financial advice.