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Top 20 Best Cryptocurrencies to Buy in 2020
Let’s review the best cryptocurrency coins to invest in the year 2020 and see why these top cryptoassets are prime to run during the next crypto market bull run cycle.
Top 20 Cryptos to Buy for 2020: Best Coins to Invest in 2020
Over the past year, we’ve seen cryptocurrencies become increasingly mainstream. We saw positive market signs throughout 2020, and that could make 2020 a record year for cryptocurrencies.
What are the best cryptocurrencies to buy in 2020? Which coins offer the best investment opportunity today? Which digital tokens have their brightest days ahead of them?
Keep reading as we highlight the top 20 cryptocurrencies to buy for 2020.
Bitcoin (BTC) is the king of the crypto world. It’s the world’s most dominant cryptocurrency, accounting for 60% of the total cryptocurrency market share. When bitcoin rises or falls, the rest of the market tends to follow. Whether you’re getting into crypto for the first time or an advanced crypto user, there’s nothing wrong with investing in bitcoin. It’s a tried, true, and proven cryptocurrency with plenty of infrastructure to support it. Optimistic investors will point to price predictions calling for BTC to hit $100,000 by the end of 2020.
- Bitcoin Price 2020 High: $13,793 BTC/USD exchange rate value
- Bitcoin Price 2020 Low: $3,444 BTC/USD exchange rate value
- Bitcoin Price All Time High: $19,892 BTC/USD
Ethereum (ETH) is the world’s second-largest cryptocurrency by market cap. Launched in 2020, ETH has risen to become a viable competitor to bitcoin as king of the crypto world. One of the biggest reasons for optimism with ETH is that it works in a much different way than bitcoin and other cryptocurrencies. ETH is used by the decentralized apps built on the Ethereum blockchain. Those decentralized apps make use of Ethereum’s killer features like decentralized governance, smart contracts, and more. Ethereum has one of the most active developer communities in the crypto space, and there’s no reason to believe Ethereum’s momentum will slow down anytime soon.
- Ethereum Price 2020 High: $350 ETH/USD
- Ethereum Price 2020 Low: $103.41 ETH/USD
- Ethereum Price All Time High: $1,396 ETH/USD
XRP is a digital token that plays a crucial role in Ripple’s ecosystem. Ripple, a private Switzerland-based financial services company, has tried to distance itself from XRP to avoid having the token labeled as a security. However, XRP’s value is closely connected to Ripple’s products and services to this day. As Ripple expands its banking services to institutions worldwide, the value of XRP has continued to surge. Specifically, Ripple and XRP enable banks to settle cross-border payments in real-time with end-to-end transparency and lower costs. XRP is also unique in that it doesn’t have to be mined. XRP is currently ranked as the world’s third-largest cryptocurrency by market cap, although it has occasionally surged past ETH to take the second position behind only bitcoin.
- XRP Price 2020 High: $0.48 XRP/USD
- XRP Price 2020 Low: $0.25 XRP/USD
- XRP Price All Time High: $3.05 XRP/USD
DigiByte (DGB) is a digital token founded in 2020 by lead developer Jared Tate. DigiByte’s goal is to increase transaction speed and security while operating in a decentralized environment. True to its goals, DigiByte’s technology performs better than most other cryptocurrencies. It’s 40 times faster than bitcoin, for example, because it has 15 second block times, making DGB the fastest token on the UTXO blockchain. DigiByte also made headlines for becoming the world’s first blockchain to implement Segregated Witness (SegWit), which means transaction confirmations are kept separated from information stored within the block, helping DigiByte achieve faster transactions without compromising security. The ultimate goal of DigiByte is to create a global payment system accessible to people around the world.
Litecoin (LTC) was launched back in 2020 as a faster, more lightweight alternative to bitcoin. Litecoin took bitcoin’s core code and changed certain metrics to speed things up. Today, LTC continues to offer 4x faster block times than bitcoin (2.5 minutes instead of 10 minutes) and 4 times as many tokens (84 million total supply instead of 21 million). LTC creator Charlie Lee infamously sold all of his LTC holdings at the height of the market back in 2020, and some believed that would be the death of LTC. Litecoin, however, continues to go strong, and merchant adoption is growing for the popular cryptocurrency.
Maker (MKR) is the proprietary token for the Maker digital ecosystem. One of the most unique things about MKR is its low total supply: there’s a total supply of just 1 million MKR tokens. Maker hit its highest ever price on January 20, 2020, at $1,687.86. Heading into 2020, MKR is priced at around $550. Many other tokens have lost 90% or more of their value from their all time highs back in 2020, which makes MKR look impressive by comparison. Moving forward, Maker will continue to be a smart contract platform on the Ethereum blockchain that backs and stabilizes the value of the stablecoin DAI through a system of collateralized debt positions (CDPs), autonomous feedback mechanisms, and incentivized external actors. MKR tokens are used to pay transaction fees in the Maker ecosystem, and MKR token holders have voting rights within that ecosystem. If you believe in the DAI stablecoin and its unique decentralized balancing mechanism, then MKR may be the right choice for you.
Binance Coin (BNB)
Binance Coin (BNB) is arguably the most successful crypto exchange coin in the world today. Heading into 2020, BNB is worth around $15, down from its all-time high of $38.82 in June 2020. As long as Binance remains a popular exchange, and as long as BNB tokens can be used to pay transaction fees on Binance, BNB will continue to have considerable value. Some people buy BNB because they regularly trade high volumes on Binance and want to save money. Others buy BNB as an investment, believing that the Binance exchange will continue to be popular moving forward.
Cardano (ADA) was created in September 2020 by Charles Hoskinson, one of the co-founders of Ethereum. At first glance, ADA seems like it offers many of the same benefits as Ethereum: Cardano lets developers build decentralized apps and smart contracts, for example. Moving forward, Cardano and the ADA token aim to solve some of the biggest issues facing cryptocurrencies around the world: interoperability and scalability. Cardano’s developers are specifically focused on tackling the international payments space, reducing the time and cost of international money transfers. Using ADA, banks can reduce international payment times from several days to just a few seconds.
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Chainlink (LINK) is an Ethereum token that powers the Chainlink decentralized oracle network. That network allows Ethereum smart contracts to securely connect to external data sources, APIs, and payment systems. A sports betting smart contract may use Chainlink to connect to third-party football scores, for example, and then use those scores to execute the contract. The unique selling feature of Chainlink is that the development team figured out how to get information in and out of a blockchain in a way that was still secure, trustworthy, and decentralized. LINK is also one of the few tokens that have gained significantly in recent months: as BTC, ETH, XRP, and LTC have fallen towards the end of 2020, LINK has more than doubled. Going into 2020, LINK is sitting at a price of around $2 a piece, down from its all-time high of $3.90 reached in July 2020.
Crypterium (CRPT) is priced at around $0.40 as we head into 2020, down significantly from its all-time high of $3. Today, CRPT has a market cap of around $37 million. CRPT isn’t the best-known name on this list. So why did we pick it as one of the top 20 cryptocurrencies for investors in 2020? Well, CRPT hodlers have reasons for optimism in the future. CRPT is an Ethereum-based token that works as the ‘fuel’ for all crypto-fiat transactions available within the Crypterium Wallet. Over the course of 2020, Crypterium’s developers added support for cashouts, Crypterium Card top ups, and cryptocurrency purchases. One of the most unique parts about Crypterium, however, is that the 0.5% transaction fee is used to burn CRPT tokens. Every time someone makes a transaction within Crypterium, the circulating supply of CRPT tokens drops. That could pay huge dividends for investors in the future.
0x (ZRX) is a permissionless protocol that provides the infrastructure to facilitate the creation of decentralized exchanges on the Ethereum blockchain. 0x uses off-chain transaction relayers and Ethereum smart contracts to provide an open order book and decentralized exchange. The ZRX token, meanwhile, functions as payment to relayers by the users of the protocol. It’s also a governance token for protocol upgrades. Heading into 2020, ZRX is priced at around $0.25, down significantly from its all time high of $2.53 in January 2020. ZRX token holders may have reason for optimism moving forward, although critics will point to the fact that ZRX faces stiff competition from competitors like Binance DEX and other decentralized exchange platforms.
EOS is one of the newest digital currencies on our list. Launched in June 2020 by cryptocurrency pioneer Dan Larimer, EOS first made headlines with its $4 billion ICO, which was one of the longest and most profitable ICOs in history. Unique selling features with EOS include its delegated proof of stake mechanism, which achieves consensus in a different way than most major cryptocurrencies. EOS also has no mining mechanism; instead, block producers generate blocks and are rewarded in EOS tokens based on their production rates. EOS’s governance system is built on a complex set of rules. Although EOS experienced growing pains with its governance structure at launch in 2020, it continues to gather momentum moving into 2020. EOS is currently priced at around $2.70, down from its all time high of $23 in August 2020.
Stellar (XLM) was launched in 2020 to provide ultra-fast digital currency payments. It also made a handful of early investors very wealthy: at launch in 2020, XLM was trading hands for less than a penny. In January 2020, XLM hit an all-time high of $0.94. Heading into 2020, XLM is priced at around $0.06. The fast payment system and rock-solid development team could continue to build momentum for XLM moving forward, although XLM continues to face competition from every other digital currency that emphasizes high-speed transactions.
Basic Attention Token (BAT)
Basic Attention Token (BAT) is one of the most unique cryptocurrencies on this list. It’s an Ethereum token that powers the Brave browser’s blockchain-based digital advertising platform. The Brave browser continues to grow for mobile and desktop users. It’s the only browser in the world that pays you to use the internet: Brave rewards internet users with a portion of the advertising revenue based on ads they have viewed. It’s all powered by blockchain technology and the Basic Attention Token. You’re not going to get rich with the Brave browser, although BAT could legitimately disrupt the entire digital ecosystem as we know it. Heading into 2020, BAT is priced at around $0.20, down from its all-time high of $0.98 reached in January 2020.
Kyber Network Crystal (KNC)
The Kyber Network Crystal (KNC) is a digital token that offers seamless token swaps anywhere. It’s a decentralized, peer-to-peer crypto-asset exchange built on Ethereum. With the Kyber Network, a dynamic reserve pool allows the network to maintain its liquidity while keeping swap exchanges as cheap and fast as possible. KNC hit its all time high of $5.32 in January 2020. As we head into 2020, KNC is priced at around $0.18. KNC is a deflationary ERC20 token used by Reserve Managers in the Kyber Network to pay exchange fees for on-chain exchanges. The ‘deflationary’ part of KNC is important: a portion of KNC gets burned in every transaction. The biggest reason for optimism with KNC is that it solves a crucial liquidity problem faced by many centralized exchanges.
MCO is a digital token used to access a range of products and services. Today, the key feature of the network include its MCO Visa cards, the MCO wallet, and portfolio building services. The ecosystem is operated by Crypto.com, which originally started the project under the Monaco brand name. Moving forward, Crypto.com plans to continue with its mission of fueling “the world’s transition to cryptocurrency”. At the most basic level, Crypto.com and its MCO token are making crypto more accessible and usable with tools like prepaid visa cards and mobile wallets. The Crypto.com/MCO Visa cards also come with unique benefits, including 10% cashback on Airbnb and Expedia and a 100% purchase rebate for standard Spotify and Netflix subscription plans. The prepaid card currently supports the Singapore Dollar (SGD), allowing you to spend your bitcoin balance anywhere SGD is accepted.
Ripio Credit Network (RCN)
Ripio Credit Network (RCN) tokens are way down the crypto market cap list. As we move into 2020, RCN tokens sit outside the top 120 cryptocurrencies by market cap. So why do some believe RCN tokens are one of the best investments for 2020? Well, the Ripio Credit Network is an open global credit network that connects lenders, borrowers, and loan originators on the blockchain to create frictionless, transparent, and borderless debt markets. That’s a fancy way of saying that Ripio Credit Network makes it easier for anyone, anywhere in the world, to get a loan or lend money to earn interest. If successful, the project could change the global banking sector – and it’s all powered by the RCN token.
Tierion (TNT) is an Ethereum-based token used as part of the Tierion platform for data verification. Tierion turns the blockchain into a global platform for verifying any data, file, or business. TNT allows blockchain users to store, share, and verify huge amounts of data in a single, fast transaction. Moving into 2020, Tierion works with over 500 apps to verify on-chain data. As the number of apps supporting Tierion continue to grow, we can reasonably expect the value of TNT to rise.
Decred (DCR) is an open-source bitcoin fork that emphasizes development funding, on-chain governance, and consensus mechanisms. Founded in 2020, DCR wants to solve bitcoin’s inefficiencies while creating a truly autonomous digital currency. With DCR, stakeholders make the rules using an innovative consensus voting model. The end result is a digital currency controlled by the people who hold it, free from outside third parties and other influencers. Moving into 2020, the Decred development team aims to create an innovative hybrid proof of work (PoW) and proof of stake (PoS) consensus voting system, a censorship-resistant blockchain-anchored public proposal platform, and smart contracts, among other features.
Bitcoin Cash (BCH)
Bitcoin Cash (BCH) launched on August 1, 2020, after a rift within the bitcoin development team. BCH’s developers wanted to remove blocksize limits to improve the on-chain scalability of bitcoin. Today, BCH developers continue to emphasize bitcoin’s value as an everyday payments mechanism, while BTC developers tend to focus on bitcoin’s value as a long-term form of wealth storage. Despite seemingly endless controversies and attacks from bitcoin maximalists, BCH continues to be one of the world’s top cryptocurrencies by market cap. BCH also survived the November 2020 hard fork that created two versions of BCH, which today are known as Bitcoin Cash (BCH) and Bitcoin Satoshi’s Vision (BSV). If you believe in the value of bitcoin as a daily payment option, then BCH could be a smart investment.
Honorable Mentions and Sleeper Candidates
TRON (TRX): Tronix (TRX) is the digital currency for the TRON blockchain. The goal of TRON is to create a decentralized version of the internet. Today, TRON is already one of the largest blockchain-based operating systems in the world, offering high scalability, throughput, and availability. As TRON usage continues to grow moving into 2020, the value of TRX can be expected to rise.
Tezos (XTZ): Tezos is an open-source platform for assets and applications backed by a global community of validators, researchers, and builders. The platform offers secure, institutional-grade smart contracts, solving key blockchain technology barriers like smart contract safety, long-term upgradeability, and open participation. All Tezos token (XTZ) holders can participate in network upgrades by evaluating, proposing, or approving amendments. Token holders can also help secure the network by baking or delegating tokens.
DigixDAO (DGD): DGD is the native Ethereum-based token governing the Digix network. The decentralized autonomous organization supports tokens tied to physical assets. Digix Gold (DGX), for example, is tied to the price of gold. In the future, the platform plans to support other DG tokens that represent silver, platinum, and other precious metals. DGD reached its all-time high of $600 in February 2020. Moving into 2020, DGD sits at just $17.
Komodo (KMD): Komodo is an open, composable smart chain platform. The unique feature of Komodo is that it supports transparent, anonymous, private, and fungible transactions. Komodo is ending 2020 ranked in the top 60 cryptocurrencies by market cap with a current value of around $0.65, down from its all-time high of $10 reached in December 2020. Moving forward, Komodo plans to focus on business-friendly blockchain solutions that are secure, interoperable, scalable, and adaptable.
Monero (XMR): The ultra-secure, privacy-focused cryptocurrency is untraceable, and untraceable currency will always have value on the internet. Whether using XMR for black market activities or just wanting your money movements to stay private, Monero is an excellent option.
Zcash (ZEC): ZEC is a decentralized, open-source cryptocurrency launched in 2020. If you think of bitcoin as HTTP, then ZEC is HTTPS. It’s a more secure cryptocurrency that still publishes and records all transactions on a blockchain, but with details about the sender, recipient, and amount remain private. In a world where privacy is becoming increasingly rare, cryptocurrencies like XMR and ZEC will continue to have value.
Siacoin (SC): Siacoin (SC) uses blockchain technology and cryptocurrency to fuel a low-cost cloud storage solution. Although development progress has been slow, SC could legitimately disrupt the billion-dollar cloud storage industry at some point in the future. The core feature of SC is that it lets you use your underutilized hard drive space to earn money. Anyone who needs storage space, meanwhile, can spend SC to access that storage space. Files are encrypted and distributed across the Sia decentralized cloud.
Enjin Coin (ENJ): Enjin was first founded as a gaming community platform called the Enjin Network back in 2009. In 2020, Enjin decided to break into the crypto space with an ICO that reportedly raised $18.9 million. Today, the Enjin ecosystem includes the Enjin Platform, Explorer, Wallet, and Beam, all of which empower gamers with ownership of digital assets while also allowing game developers to earn revenue.
Enigma (ENG): Enigma aims to secure the decentralized web using its decentralized open-source protocol. The Enigma protocol lets anyone perform computations on encrypted data, bringing privacy to smart contracts and public blockchains.
Solve (SOLVE): Solve aims to use blockchain to disrupt the healthcare administration space. The Ethereum-based SOLVE token is required to participate in the platform and make transactions. As the usage of the Solve platform continues to grow among healthcare providers worldwide, the value of the SOLVE token can be expected to rise.
Best 2020 Cryptocurrencies List: Top Cryptoasset Investments to Buy Investor Disclaimer
Trading and investing in cryptocurrencies (also known as digital or virtual currencies, cryptoassets, altcoins, tokens, etc.) is risky. We are not a registered broker, analyst, investment advisor, or anything of that nature. The information above is provided purely for guidance, informational, and educational purposes. We recommend independently verifying and confirming all the information contained on this page. We do not accept any liability for any loss or damage whatsoever caused by our information. Cryptocurrencies are not suitable for all investors, and all cryptocurrency investments are made at your own risk and discretion.
I’m Aziz, a seasoned cryptocurrency trader who’s really passionate about 2 things; #1) the awesome-revolutionary blockchain technology underlying crypto and #2) helping make bitcoin great ‘again’!
Top 10 Cryptocurrencies One Should Look Out to Invest in 2020
The year 2020 is reaching its brink. 2020 was an average year for the crypto market. The market capitalization took a drastic change and the prices of most of the cryptocurrencies crashed. However, the crypto market is sort of leaning towards the green region in the last quarter of 2020.
Now, you might be pondering which cryptocurrencies are considered as a “Good Investment” in the upcoming 2020. And definitely, Investing some amount on crypto won’t hurt if you have some bucks to spare. But what are the best coins to invest in? Today we will muse about the future of the most well-known coins and their value.
It is common knowledge that whenever cryptocurrency is mentioned, Bitcoin is the first to come to all of our minds. Let us first analyze the Bitcoin market in 2020. At present, the BTC price is
$8,711.01 USD. Based on the current market, Bitcoin is said to reach its all-time high of $20,000 by the first quarter of 2020. The second half of 2020 is what will be a deciding factor for Bitcoin’s price because of the upcoming Bitcoin Halving. With the scarcity of BTC Coins, the price is bound to increase in the second half. My suggestion is to hold the BTC until then.
It is the second most popular cryptocurrency next to the BITCOIN. The current ETH price is $186.63 against USD. Analyst CoinKir’s technical analysis expects Ethereum to start 2020 at around $720 and then slowly increase. By the end of 2020, they expect Ethereum to become more than double, to $1488. Another prediction comes from LongForecast service which predicts Ethereum price to face up’s and down’s ranging between $474 up to a high of $672.
Moving onto the next altcoin. Ripple (XRP) is also among the top 5 cryptocurrencies. The current XRP price is $0.269147. However, Ripple has the potential to hit $1.0 by the end of 2020 and increase towards its all-time high by the end of 2020. Tremendous growth is expected in 2020. According to another analyst WalletInvestor, ETH price may rise by 380 percent and reach $0.6-0.7 in a couple of years.
Litecoin shares code with Bitcoin so as long as Bitcoin maintains its success, Litecoin will follow suit. e The coin saw a bullish trend in the last few months of 2020, with a current price of $59.5. This trend is expected to continue in 2020. The LTC/USD price is expected to reach $81.1. by the end of 2020 as stated by longforecast.com. While WalletInvestor says that LTC price can reach $169.8, however, it cannot cross BTC price.
Bitcoin Cash is the next sought out coin. BCH adoption is going in a fast manner worldwide. With the upcoming Bitcoin Cash halving, the prices of BCH will increase. The current price is $278.13. According to Trading Beasts, the BCH price can increase as much as $5,635.44 and be as low as $3832.10. However, the Bitcoin Jesus, Roger Ver says that BCH will be double the present price by the end of 2020.
Many are predicting that Stellar will be dominating the market more now than ever before come 2020. What with their token burning and scarce token supply, the price of XLM is bound to increase from the present price of $0.074542. Opinions are divided concerning the XLM price. The Beincrypto predicts that the price for 2020 will range between $0.07 to $0.2. But AltPocket.io claims that XLM price will reach $10 by the end of 2020.
Tron will heavily boost up its price in the coming year. Analysts predict that by January 2020, a price between $0.05-$0.08 may be expected. By the end of December 2020, a high rise is expected at prices from $0.21 – $0.30.
The year 2020 looks very positive for Dash. The team is establishing partnerships with payment systems and with small and large businesses. These features can help the dash coin gain a much higher price of $1100 per coin in the next 5 years. As of writing, the DASH is at $69.21. TradingBeasts forecast Dash coin to reach $123.80 maximum by 2020. However, LongForecast.com predicts the coin to fall down to $34.
Monero is the 12th largest cryptocurrency. And it is private, which is increasing its demand in both legal and illegal transactions. Monero is said to have the potential of becoming next Bitcoin. longforecast.com analyzes that Monero’s price will go up to $810- $945 by December 2020.
Bitcoin SV or BSV is a very volatile coin. Even a slight update will push the price in either way. As of writing, BSV is trading at $126.58. According to WalletInvestor, the Bitcoin SV coin must go up to $190 in the next year. While TradingBeasts forecasts that BSV will be $80.232 in December 2020.
Do you think these predictions are accurate? What are your thoughts on these prices? Do you want to see other coins in this list? Let us know on our Facebook and Twitter pages.
Best Cryptocurrencies to Invest In 2020
“Cryptocurrency is such a powerful concept that it can almost overturn governments.”
Many people who know about my deep involvement in the cryptocurrency sector and market usually have one question to ask me: “Which cryptocurrencies are the best to buy now?”
To be sincere, there is no single, best cryptocurrency to buy for 2020. Most of the leading cryptocurrencies, right now, present great investment opportunities for investors, both new and advanced. If you are one of those people looking to get in on the next prominent cryptocurrency, then read on. Here, I will talk about the top 10 cryptocurrencies to invest in for the coming year.
To make it interesting, and to ensure I am catering to both pro traders and to those who are just starting out, I have divided my choices into 2 sections. The first batch of 5 are the best cryptos for beginners to invest in, while the second batch of 5 are the leading cryptocurrencies for more advanced investors.
Here is how this review will be structured:
- The Top 5 Cryptocurrencies to Invest for Beginners
- The Top 5 Cryptocurrencies to Invest for Advanced Investors
- Do You Want to Invest in More Great Cryptocurrencies?
- How to Stay Safe in the Crypto World
- Understanding Cryptocurrency CFDs
So, let us get started as we explore the top cryptocurrencies to invest in 2020.
The Top 5 Cryptocurrencies to Invest for Beginners
You should keep in mind that there is a wide choice of attractive cryptocurrencies you can buy. While investing in cryptocurrencies is risky, some would say that investing in only one is riskier.
The fact is, most of the cryptocurrencies have numerous use cases and are looking to bring changes to several industries. Their promise is an excellent way to weigh your risk and boost your chances of participating in the next best cryptocurrencies. So, let’s start with the basics
Diversify Your Trading Portfolio
For beginners, it is recommended that you diversify your trading portfolio by investing in more than one cryptocurrency. Here is how to spot significant cryptocurrencies to include in your portfolio:
- Cryptos that are can be found in different categories
- Coins that are less volatile than their competitors in each category
- Coins that are easy to trade and store
Cryptocurrencies that fulfill these criteria are perfect for beginners. To make it easier for you, I will discuss each coin, the team behind the coin, its purpose, liquidity, price volatility, and a few other crucial metrics. This is to ensure that you get a good grasp of the coins and make an informed decision on which ones to buy.
Recommended Cryptos for Beginners
Here are the recommended cryptocurrencies for beginners.
1. Bitcoin (BTC)
Bitcoin was the first crypto and remains the most widely used in the world. It is the leading cryptocurrency and aims to serve as a global, peer to peer, digital money.
Now, let’s move on to the team behind Bitcoin. Bitcoin remains the cryptocurrency with an anonymous founder. Satoshi Nakamoto is said to have created the cryptocurrency. While there continues to be speculation regarding the true identity of Satoshi, no one knows who he/she/they are. However, leading cryptographers, such as Adam Back , regularly update Bitcoin’s open-sourced codebase.
Bitcoin is the most significant cryptocurrency in terms of liquidity. With a market cap of over $100 billion, Bitcoin accounts for over 60% of the cryptocurrency market’s total valuation. Investors have no trouble buying or selling Bitcoin as there is no shortage of interested parties. For those who don’t know, when we talk about liquidity, this describes the degree to which an asset can be quickly sold or bought in the market at a price reflecting its intrinsic value. Here the focus is on the ease of converting it to cash.
In terms of price volatility, while the Bitcoin price is volatile, it is one of the most stable cryptocurrencies. This means that a lot of money would be needed for anyone to manipulate the BTC price.
In terms of the economics of this cryptocurrency, Bitcoin uses the Proof of Work (PoW) system. In this system, miners are rewarded with Bitcoin when they mine and approve transactions. The mining reward is halved every 210,000 blocks, a process that occurs every four years. This helps to reduce inflation over time. BTC has a total coin supply of 21 million, after which no new BTC will be mined. In terms of trading, as demand surges, so would the price.
Overall, Bitcoin remains the best cryptocurrency to invest in today. I would advise anyone coming into the crypto space to start by investing in Bitcoin.
START TRADING BITCOIN NOW
Regarded as Bitcoin’s sister, Litecoin is one of the first Bitcoin alternatives. It remains one of the best cryptocurrencies to buy for 2020. It was created with Bitcoin’s source-code, as a fork of BTC, and has a faster processing time, making it ideal for retail payments. Similar to Bitcoin, Litecoin seeks to be a global, peer to peer currency.
In terms of the team behind this cryptocurrency, Litecoin was created by Charlie Lee, an experienced computer scientist, and crypto enthusiast. His brother, Bobby Lee, created BTC China, one of the largest cryptocurrency exchanges. Charlie Lee is well-respected within the crypto community and he is well connected, working as the Director of Engineer at Coinbase.
In terms of liquidity, Litecoin is currently the 6 th largest cryptocurrency in terms of market cap, making it highly liquid. In addition, in terms of price volatility, Litecoin is less volatile compared to the smaller market cap cryptocurrencies.
Similar to Bitcoin, Litecoin uses the PoW system. Miners were initially rewarded with 50 LTC block rewards when this crypto was introduced but the mining reward is halved at regular intervals. The total coin supply of Litecoin is 84 million. Remember, that Bitcoin only has a supply of 21 million coins.
Despite the large number of cryptocurrencies available, Litecoin remains one of the best crypto projects for beginners to invest in for 2020.
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Ethereum has been Bitcoin’s second for years now. It is the first major project to launch smart contracts and is regarded as the blockchain web. Developers are able to create mobile and desktop decentralized applications (dApps) on top of the blockchain, thanks to Ethereum. The Ethereum blockchain houses thousands of tokens and it gave birth to the initial coin offering (ICO) process.
In terms of the team behind this digital coin, Vitalik Buterin is the founder of Ethereum. He is a young but experienced crypto expert. Alongside Joseph Lubin , Buterin also founded ConsenSys , a New York based studio committed to dApp development.
In terms of liquidity, Ethereum is the second or third most valuable cryptocurrency in terms of market cap, behind BTC. It is easy to buy and sell Ethereum coins at all times. Similar to the other leading cryptos, Ethereum’s price is less volatile. This is as a result of the loyal team and community. It also has the potential to remain stable and move higher over the coming months and years.
The crypto economics of Ethereum is interesting. Ethereum has more coins than Bitcoin and Litecoin, however, this is because the Ether coins are crucial in fueling the dApp ecosystem. That is, there are millions of developers and companies that use the coin to execute smart contracts and to launch dApps.
Ethereum is the leading smart contract platform and remains a great cryptocurrency to buy in 2020. It has brought many innovations into the world and the potential for its applications to be adopted worldwide is impressive.
4. Binance Coin (BNB)
Binance coin is the token for the crypto exchange Binance. It is a utility token that is used to pay for fees and other services on Binance. The value of the BNB token comes from how useful the coin is within the Binance space.
The team behind the Binance coin is Changpeng Zhao heads up Binance. He has had incredible success with his crypto exchange and Binance Coin has benefited from that over the years.
In relation to liquidity, the Binance Coin is currently the eighth largest cryptocurrency in terms of market cap. Its high valuation means that it is highly liquid. In addition, in terms of price volatility, the BNB price has been volatile over the past few years, multiplying three times in value in 2020 alone. The price could go up or down according to market conditions, but the volatility remains high.
In understanding the economics of Binance coin, Binance issued 200 million BNB coins during the ICO, selling at $0.10 per coin. However, the amount in circulation has been reducing as Binance carries out coin burn every quarter, using 20% of its earnings to buy back the BNB tokens from holders. By burning these coins, the goal is to reduce the number of coins to half of the existing 100,000,000. BNB holders get trading fee discounts when they trade on Binance. In the first year, the discount is 50%, 25% for the second year, 12.5% for the third year, 6.75% the following year, and zero from the fifth year and above. BNB is also used on Binance DEX, the decentralized exchange of Binance.
Binance is arguably one of the largest digital coin exchanges in the world. Thus, the use of BNB coin for transactions makes it one of the fastest-growing cryptos by trading volume. New investors must diversify their portfolio, and Binance Coin is an excellent addition. It has the potential to surge higher due to Binance’s solid business history and backing of an experienced team.
If you already have popular coins such as BTC and ETH, then BNB is another durable option to boost your cryptocurrency investments in 2020.
START TRADING BINANCE COIN NOW
5. Basic Attention Token (BAT)
Basic Attention Token is a utility token that is mostly used in the Brave Browser . As a utility token, BAT is used to pay content creators or service providers that users find on the Internet. You can pay content creators according to your arrangements without having issues. It could be a one-time payment or a regular content creation gig.
Furthermore, Brave Browser users who watch ads are rewarded with the BAT token. With the help of smart contracts, advertisers lock up the BAT tokens, and the funds are only released when the users view the ads.
In terms of liquidity, while its value fluctuates, BAT is usually one of the top 40 most active cryptocurrencies in the world. In addition, despite the fluctuations in value, the price of BAT token has been consistent for a while, staying consistent over the past two years. It is expected that it could surge higher in the future.
In terms of the economics, BAT tokens are 1.5 billion in number and it is expected to stay that way. However, if there is an increase in demand, then the price could rise higher as a result.
BAT is one of the best cryptocurrencies to buy in 2020. It has outperformed a large basket of other cryptos over the past few years. The immense potential of the Brave Browser could be essential to BAT recording further gains. As a new investor, you should try out Brave Browser by BAT as it sets to compete with Google Chrome. It offers users additional privacy and security.
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Summary of Cryptos For New Investors
Generally, I believe the five cryptocurrencies reviewed above are safe investments. Each has a reliable team behind them and could be an excellent investment for beginners. They are great for portfolio diversification and have the potential to grow even more significantly over the coming years. As a result, this makes them perfect for both beginners and experienced investors.
After looking at the best cryptocurrencies for beginners to invest in for 2020, it is now time to look at the more advanced coins. They have the potential to generate more profits but have a higher risk.
The Top 5 Cryptocurrencies to Invest for Advanced Investors
If you are not new to the crypto world, then you already understand that we have currency-focused projects like Litecoin, Bitcoin, and Dash, and we have platform-focused projects like Ethereum, EOS, and Tron.
If you are a pro in the crypto space and have invested in platforms like Coinbase and wish to expand your portfolio, then you should consider the following 5 cryptocurrencies.
While I analyze the top five cryptocurrencies for advanced investors, I will discuss their competitors and also a new group; privacy coins. Here are my top five picks:
1. Monero (XMR)
Monero is the leading privacy-focused cryptocurrency project. The coin uses fancy cryptography and privacy tech that enables it to shield the identities of participants in a transactions Monero has gained extensive usage within the dark web for its privacy features.
In terms of the team behind this cryptocurrency, Monero started as an anonymous discussion on the Bitcointalk forum. The team is currently headed by a developer named Riccardo “fluffypony” Spagni , one of the best crypto developers in the world.
As the leading privacy coin, Monero is highly liquid. It is always one of the leading cryptocurrencies by market value, making it easy to buy and sell whenever you need to. With regards to its price volatility, the large user base and market cap have seen Monero’s market cap remain stable. It is less volatile than the smaller market cap tokens.
Reviewing the economics of Monero, until May 2022, we will have 18.4 million XMR coins in circulation. Afterwards, 0.3 XMR coins will be released every minute, until eternity. The total coin supply is small, which means that enormous demand could push the price higher in times of need. As the dark web uses Monero even more, the demand could continue to increase, and so will the price.
Although Monero is highly liquid and popular, storing the XMR coins is a tough job. It is easier to buy and saves coins like Bitcoin and Ethereum or the BAT and BNB tokens compared to XMR. It is because of this that I recommend only advanced investors to buy XMR coins in 2020. However, it is one of the best privacy-focused projects currently available.
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NEO is popularly called the Chinese- based Ethereum. It is a smart contract platform founded in China that allows developers to create and deploy dApps on its blockchain. In comparison to Ethereum, NEO is more centralized. This is because less than 10 nodes make decisions on the NEO ecosystem, unlike Ethereum, where hundreds of nodes are tasked with the job.
The crypto NEO was created by Da Hongfei and Erik Zhang , who are also the heads of another platform called Onchain. Hongfei and Zhang are some of the most experienced developers in the crypto space.
With reference to liquidity, NEO has maintained its place as one of the top 20 cryptos on Coinmarketcap, making it a valuable cryptocurrency. As a result, buying and selling NEO won’t be a problem. In terms of price volatility, the large market cap and high liquidity make the price less volatile. As a result, you can be sure that your investment will be stable and could surge higher in the long run.
Focusing on the economics of this digital coin, we will have a total of 200 million NEO tokens in existence. 100 million were first created at the genesis block, another 50 million coins were sold to the early investors, and 15 million NEO tokens are unlocked for funding the project development. This implies that NEO’s coin supply has already being distributed to the users. As the demand increases, so will the price.
The smart contract sector is a vast market. Despite Ethereum’s lead in the industry, NEO supplying the Chinese market makes it a very significant cryptocurrency project. Based on this, this makes NEO a top investment for cryptocurrency enthusiasts in the long run. It can also be used as a hedge against Ethereum.
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Similar to Monero, Beam is a privacy-focused digital currency that has been making waves in the sector. However, it differs from Monero in the fact that it utilizes a new blockchain protocol called Mimblewimble.
Mimblewimble is a blockchain protocol that is deployed to help scale the blockchain and TO boost transaction speed. It achieves this while maintaining a high level of anonymity and privacy to the participants.
The CEO of Bean is Alexander Zaidelson , a vastly experienced individual in the P2P technology. He is the co-founder of Nareos, a P2P file-sharing company, and has worked as an advisor in several tech startups.
When looking at the liquidity of Beam, this cryptocurrency has a small market cap, but it is highly liquid. This makes it easier for investors to buy and sell the cryptocurrency. In addition, the price of this cryptocurrency has been consistent for a while now. It has been trading around the $1 mark for some time but has the potential to surge or plunge at any time.
Similar to Bitcoin as well as Litecoin, Beam uses the PoW protocol. Thus, people purchase hardware to mine the cryptocurrency and earn a reward in the process. The maximum supply for this crypto is 262,800,000 BEAM. However, you can always keep track of the circulating amount here . Similar to Litecoin and Bitcoin, the inflation of BEAM depends on the block rewards. The reward of 80 coins per block is halved after 4 years and it would continue to decline as the years go by. The halving will continue to occur every 4 years for the next 129 years. This will ensure that inflation drops over time. As demand increases, then the price could move higher as well.
The use of Mimblewimble has made Beam more scalable. As a privacy-focused cryptocurrency with fast transaction speeds, it is easy to see why it has become an attractive crypto to investors. For advanced investors, Beam is one of the best to have.
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Nexo is another cryptocurrency that has been gaining widespread attention. It is a software wallet that enables users to borrow funds using their tokens as collateral. Furthermore, users can easily loan out their cryptocurrencies and earn interest in the process.
At the moment, Nexo gives out a free credit cards to users. The unique business model makes it an exciting option for investors. Nexo is one of the first security tokens to carry out an STO (security tokens to be offered).
The team behind Nexo is Kosta Kantchev who currently heads up Nexo. He is popular within the fintech world having co-founded Credissimo, a leading European fintech firm focused on retail lending. Credissimo is the business presently behind Nexo. Kantchev is a fintech legend and one of the first users of Bitcoin.
Nexo is liquid enough for the small investor but it cannot currently handle orders from large investors. In terms of price volatility, the price growth of Nexo has been organic. Thus, the increase and decrease in price haven’t been drastic up to this point.
In understanding the economics of Nexo, the maximum coin supply is 1 billion. However, we have less than 600 million NEXO coins currently in circulation. As a security token, NEXO is SEC-compliant and regularly pays dividends to investors. Based on this, this makes Nexo an interesting cryptocurrency for investors.
Nexo is a new cryptocurrency but has become an excellent option for those willing to diversify their crypto investment portfolio. It is a unique coin as it is fully regulated by the SEC (US Securities and Exchange Commission) and pays dividends to investors. The project also has a functional product, which makes it stand out amount several other cryptocurrency projects.
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5. Cardano (ADA)
Cardano is another smart contract platform like Ethereum and NEO. It is expected to be more scalable and have easier development tools. Cardano wants to achieve scalability by introducing two layers of tech; the first one would be responsible for tracking balances on the ledger, while the second one would transfer value.
Cardano works with two programming languages, the Haskell and Plutus. Haskell is one of the older programming languages, and Cardano is using it to make it easier for developers to create dApps. Plutus, on the other hand, is the functional language that was designed by Cardano’s development team.
Cardano was co-founded by Charles Hoskinson , who is also a co-founder of Ethereum. He currently leads the IOHK, a blockchain research and development company. Charles is committed to making Cardano the leading smart contract platform in the world. With his experience in several projects, it is not surprising that Cardano makes our list of the top cryptos to invest in 2020.
Cardano has maintained its status as one of the leading cryptocurrencies in terms of market volume. It has a high trading activity, making it easy to buy and sell ADA. Also, similar to the other cryptocurrencies, ADA has had its ups and downs, however, it remains a moderately volatile cryptocurrency.
In terms of the economics of this cryptocurrency, the maximum coin supply of Cardano is 45,000,000,000. However, the circulating amount at the moment is just above 31,000,000,000. Cardano uses the Proof-of-Stake (PoS) consensus algorithm, which is different from the PoW used by Bitcoin.
Overall, Cardano remains one of the top cryptocurrencies to buy for 2020 as it has an excellent team and a great vision.
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Do You Want to Invest in More Great Cryptocurrencies?
Finally, you have almost reached the end of this review. I hope readers picked up a thing or two by reading about the best cryptocurrencies for beginners and advanced investors to buy in 2020. Use the two lists and you have the top 10 cryptocurrencies to boost your portfolio in the upcoming year.
For those looking to get more information on essential cryptocurrencies to buy or to know more about the next coin to hit it big, here is what you need to do:
- Be a Part of Crypto Communities
You can join communities like the Bitcointalk forum, where crypto enthusiasts talk about different altcoins. You can discuss with people vastly experienced in the sector and explore some of their opinions. You can also lookout for the announcement threads on Bitcointalk.
The forum is useful in finding new projects and learning more about those that could become the next significant digital currency.
You can also join other great communities on Facebook and interact with other members regarding their top cryptocurrencies.
- Check Out Trustworthy Crypto Exchanges
The leading crypto exchanges vet new coins before listing them on their platforms. As an investor, you can use the verification process to find the quality projects from the scams and know which ones the best are to buy and hold.
Binance is currently the largest crypto exchange and has over 100 top cryptocurrencies. I suggest that you check it out and the coin it lists.
How to Stay Safe in the Crypto World
If you wish to become a successful cryptocurrency investor, buying the coins is not enough. Several investors has lost their coin supply because they were not mindful of security. If you wish to invest in cryptos, then you need to pay proper attention to the security of your wallet.
Understanding Cryptocurrency CFDs
If you are looking for an easier way to invest in cryptocurrencies, you could consider CFDs or contracts for differences. With this form of online trading, you are not actually buying and selling actual digital coins Instead, you are simply making a prediction of the direction that the price of a crypto will move. If you predict correctly, you will make a profit and if not, you will lose your investment. One of the main attractions of CFDs is that you can make money even if the markets are rising or falling.
The many benefits of trading cryptocurrency CFDs is the ease of trading and also the ability to trade with leverage. Trading using leverage means that you are able to trade on credit. That is, you need to simply deposit a small amount of cash and then borrow a more substantial amount from the broker. Also, the industry has many reputable brokers which will provide you with access to a trading platform as well as a host of other effective tools and features such as secure banking processes, educational trading resources, professional customer service and more.
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It is clearly evident that the world of cryptocurrencies is offering global investors a wealth of trading opportunities. Take the time to learn more about the available cryptos in this space and then step into the crypto trading arena, ready to make yourself some profits.
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