The top 5 cryptocurrencies to invest in 2020
Digital assets are an investment vehicle that gains popularity every month. At the moment, there are more than 1,000 different cryptocurrencies that you can invest in. But you probably wonder, what are the best cryptocurrencies to invest in 2020?
In this blog post, we will show you the top 5 of the best cryptocurrencies to invest in this year. But before we start ranking digital assets, let’s go through to a few essentials aspects about investing in cryptocurrencies.
Let’s start with the reasons for investing in cryptocurrencies!
Why should you invest in cryptocurrencies?
Acquiring cryptocurrencies can be an investment with great potential. The reason? It allows for micro-investing. Unlike traditional assets, digital assets make it possible to start with tiny amounts of capital to invest.
Additionally, investing in cryptocurrencies offers several other advantages:
- Low transaction fee.
- Anonymity and privacy.
- Easy usability and entry.
- Speeds transactions.
- Not represent debt.
So, is it worth to invest in cryptocurrencies?
Investing in cryptocurrencies is a decision that must be made like any other financial decision: evaluating the risks and the possible return on investment. Cryptocurrencies provide an investment opportunity at an increasing price, which doesn’t depend on governments and banks, and also don’t generate debt.
In our monthly report, we talk about the projection of the price of Bitcoin. Stay up-to-date with the most relevant events that influence the price of Bitcoin and make an informed decision when investing in this cryptocurrency.
Furthermore, investing in cryptocurrencies offers an inclusive opportunity for different types of investors who wish to enter the cryptocurrency ecosystem. Whether you want to invest $10 or $100,000, the possibilities of buying cryptocurrencies are available to everyone.
On the other hand, it is essential to keep in mind that when investing in cryptocurrencies, you are not only investing in an asset; but also in a technology. Crypto assets are also valuable because of the technology that was designed exclusively to support them.
How to invest in cryptocurrencies?
Investing in cryptocurrencies is easy with Bitcaribe. You only need to enter Bitcaribe.buy, select which cryptocurrency you want to buy, and how much. This must be followed by your Wallet address and your preferred method of payment.
With Bitcaribe, you can complete your payment with bank transfers, credit cards, debit cards, or Apple Pay.
Bitcaribe also allows you to safely store your funds in a wallet. You can learn more about it here.
The top 5 cryptocurrencies to invest in 2020
Having covered why you should invest in cryptocurrencies, it’s time to know what the best cryptocurrencies to invest in this year are.
Indicators to know if it is worth investing in a cryptocurrency
- Innovation, progress, and improvements regarding the usability of the cryptocurrency.
- Adoption. That is, how many businesses, exchange houses, or even governments accept this cryptocurrency.
- Market capitalization and the current volume of transactions.
- Community size. This point is key because it is the community itself that often builds and develops applications for cryptocurrencies, which influences the other aspects.
- Roadmap. The future of technological projects is defined in a document called a roadmap. This document shows the progress that has been made and what the goal of the project is.
Evaluating these indicators requires a little reading and time, which in the end will pay back.
The top 5 cryptocurrencies to invest in 2020
- Bitcoin (BTC).
- Ether (ETH).
- XRP (XRP).
- Litecoin (LTC).
- Binance Coin (BNB).
Let’s cover in detail why these are the top 5 cryptocurrencies to invest in 2020.
1. Bitcoin (BTC)
Bitcoin is the first cryptocurrency in terms of capitalization and market volume. In addition to this, it has the highest recognition worldwide, becoming the crypto par excellence.
2. Ether (ETH)
Ether has been the second-largest crypto on the market by capitalization and volume for many years. It is also known for being the developers of ERC-20 smart contracts and tokens ERC-20.
3. XRP (XRP)
Backed by the company Ripple and a long list of prestigious companies, XRP has remained in the top 5 of capitalization and volume for the past few years. However, this time has been characterized by controversy, as this digital asset cannot be mined, it operates on a blockchain, and it doesn’t generate new coins.
4. Litecoin (LTC)
Litecoin is another of the main altcoins (alternative cryptocurrencies) on the market. It is based on the Bitcoin code but it focused on correcting some security and speed aspects of the old BTC blockchain.
5. Binance Coin (BNB)
Binance Coin is the official crypto asset of the Binance exchange, one of the largest in the world. This token was created primarily to support transactions on the exchange. However, over time, it was adopted by other exchange platforms and today it is among the first cryptocurrencies in terms of capitalization and volume.
Other articles
- How to buy cryptocurrencies with a credit card online
- Monday is the best day of the week to buy crypto
- Top 3 books for crypto investors that you should read today
- How to exchange cryptocurrencies? A guide for 2020
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- What is a cryptocurrency? A simple explanation - 05/19/2020
- The top 5 cryptocurrencies to invest in 2020 - 04/23/2020
- How to exchange cryptocurrencies? A guide for 2020 - 04/03/2020
