Do you want to know the best cryptocurrency to invest in 2020? Knowing which blockchain technology to invest in can be a difficult task. Where do you start with hundreds of cryptocurrencies?

It can be overwhelming and confusing when you first start looking for the best cryptocurrency to buy now, but we’re here to make it easier for you. Lucky for you, we used several factors before choosing the best cryptocurrency to invest in. First, it is important to develop a successful trading strategy before starting to invest in crypto.

 

 

So, are you looking for the next big thing and for a new cryptocurrency investment? Maybe you think that “Should I invest in Bitcoin?” or “Should I invest in Ripple?”

Here is a list of the most promising, best cryptocurrencies to invest in 2020.

Best Cryptocurrency to Invest in 2020

Just as there were the best cryptocurrencies to invest in for 2020, this year is also full of good opportunities. This means that there is still a chance to get rich, but you just need to know where to put your money.

At the time of writing this article, based on Coinmarketcap statistics, there are 2120 different cryptocurrencies. The market capitalization of all cryptocurrencies is over $112 billion after reaching a peak of $813 billion in January 2020.

The cryptocurrency market has many altcoins and there are other best cryptocurrencies that you can invest in besides Bitcoin. Many people believe that the blockchain technology is the next big thing.

Although it is difficult to predict the future, the fact that we have a secure and decentralized technology gives strong reasons to be positive.

Going forward, we will share the best cryptocurrencies to buy.

The digital coins we have selected have a good chance of significantly outperforming the markets in 2020.

Let’s get started!

Best cryptocurrency to invest in

We have a very good chance of reaching a bull market in 2020, for various reasons that we will mention in this guide. In the event of a bull market, we will see almost every major cryptocurrency rise significantly.

However, there are several cryptocurrencies that we think we can make a strong case for. These are some of the safest investments in case prices fall further. So, if we’re not going to see a bull market, we’re not losing any money.

Trading or day trading cryptocurrency requires you to take risks. To reduce the risk of crypto trading, you need to diversify your investments and invest in different types of currencies. If one currency starts to underperform in this way, your investment will still be protected.

Most cryptocurrencies have a strong connection to Bitcoin, which means that Bitcoin should probably make up a significant part of your portfolio. After all, the coin is 40 percent of the total market share. In some ways, Bitcoin is similar to bonds in that it often forms the basis of a portfolio with riskier investments (such as stocks).

If you examine historical price charts, you will easily be able to see if a currency is strongly correlated with Bitcoin. We also recommend keeping a close eye on crypto news. By carefully balancing the risk and reward, you can take advantage of the natural growth of the crypto industry.

Best cryptocurrency to invest 2020: Bitcoin (BTC)

Bitcoin is a very obvious choice for the best cryptocurrency to invest in, and we’ve seen Bitcoin have an incredible 2020 so far. Between January 1st and May 1st of this year, the coin increased in value from $3862 per coin to $5412 per coin. If you invest in Bitcoin on January 1 st , your monthly rate of return will be close to 10 percent. BTC is by far the largest cryptocurrency and the oldest coin owning more than 40% of the total market cap.

Bitcoin is simply the market leader right now!

You can find Bitcoin listed on every cryptocurrency exchange!

Bitcoin makes mainstream news daily and it is recognized by almost everyone.

After the steady rise of Bitcoin, prices have remained remarkably stable. This indicates to the traders that the appreciation has been genuine and is likely to continue. Over the past few years, Bitcoin has greatly increased its utility. Currently, many e-commerce stores, shops and even restaurants around the world accept Bitcoin as a form of currency. Bitcoin remains in an absolutely unique position that we cannot say about other cryptocurrencies and is still considered the image of cryptocurrency as a whole and as a representative of the cryptocurrency market.

Bitcoin is also considered a value-value for many people in the crypto world. Wherever you agree – or not, this is how some people see BTC.

It is very unlikely that Bitcoin will lose its status too quickly, and this is the reason why BTC is one of the safest and best cryptocurrencies to buy. As an industry leader, Bitcoin is often the ‘gateway coin’ that helps crypto businesses expand their reach. In other words, if Bitcoin is doing well, so is the entire cryptocurrency industry (and vice versa).

Taking everything into consideration for our cryptocurrency forecast for 2020, we can pretty safely assume that the price of Bitcoin will continue to rise.

 

 

Best Cryptocurrency to Invest 2020: Ripple (XRP)

Ripple remains a low-risk investment. This makes it a safer bet, but with room to earn small profits if a bull market is on the horizon for 2020. However, if you want something to maximize your profits, we think Ripple cryptocurrency is the best cryptocurrency to buy. to invest in.

Ripple has established itself as one of the most stable cryptocurrencies in the industry. Other than Bitcoin, Ripple has enjoyed some of the most predictable price movements. Because Ripple exceeds $800 million in trading volume daily, it is one of the most liquid cryptocurrencies available. The company behind Ripple is building a massive international network with hundreds of members. These are banks, payment processors and liquidity providers.

Ripple has developed a technology that the way payments can be made, ‘ The Ripple blockchain remains the closest and most likely to such a real extent.

Ripple could become an alternative to the SWIFT system currently used for international money transfers that has been in use for 45 years and is used by every major bank in the world.

Ripple is working hard to get more companies using their technology, which could eventually result in the XRP price going up significantly.

With a growth of around 36.000%, Ripple was the best cryptocurrency to invest in 2017. It grew from just a few cents at the beginning of 2017 and reached $2.4 by the end of 2017.

Check out the chart below:

Since we have a bear market, like all other cryptocurrencies, the price of Ripple has fallen in the previous year and the article is currently trading around 0.30 dollars.

Ripple is currently the second best cryptocurrency after Bitcoin with a total market capitalization of around $12.6 billion.

This could be a good time to buy Ripple, which is down nearly 70% from its peak of $3.4 in January 2018. The market cap for Ripple has exceeded $12 billion in 2020. It is surprisingly affordable to buy one individual coin. Over the course of 2020, Ripple mostly fluctuated between $0.28 and $0.38 per coin. As the company behind Ripple continues to build valuable connections in the business world, Ripple may be on the verge of breaking out of the current price channel.

Let’s see what is the third choice for the best cryptocurrency to buy now.

Best cryptocurrency to invest 2020: basic attention token (BAT)

Basic Attention Token is a cryptocurrency token designed to bring a new way of sponsorship to the internet. The Internet is mostly based on paid advertising. When you open a website, there are always tons of ads. Unlike Bitcoin and Ripple, BAT is a coin that is still on the outside. The coin has experienced above-average levels of volatility, but it has also produced impressive returns.

The fact that BAT is a good candidate for the best crypto of 2020 makes the BAT a good candidate for the best crypto of 2020. The coin has more than tripled in value so far. Between January 1 st and April 20 st , the coin increased in value from $ 0.13 to $ 0.44 per coin. Although the coin has experienced a slight decline since then – dropping to $0.37 per coin, the rise has still been very impressive.

The team behind BAT envisions a world of sponsorship where we decide to support our favorite creators. For this purpose, they created the BAT coin and integrated it into the BRAVE browser.

Currently, there are approximately 1.3 billion BAT coins in circulation. The 24-hour trading volume is $108.6 million and the current market capitalization is $466 million. Although these numbers are much smaller than Bitcoin and Ripple, BAT is a coin that is on the rise. This is possibly one of the best coins in 2020 for risk tolerant investors.

Now let’s reach our final pick for 2020…

Best cryptocurrency to invest 2020: Ethereum (ETH)

During the strongest cryptocurrency bull market, the Ethereum price rose slightly closer to $1600 reached on January 13, 2018. At that time, the Ethereum market cap was around $138 billion. ETH grew by almost 3000%, making it one of the best cryptocurrencies to invest in for 2017. So far in 2020, Ethereum has started to gradually reverse its losses from the end of last year. The coin is receiving increasing attention from crypto developers and has been able to maintain most of its positive gains.

Whether you want to buy Ethereum or not is up to you.

ETH is not just a cryptocurrency, it is a more advanced blockchain technology than bitcoin. With this technology, other blockchain projects can be launched on the Ethereum platform. While Ethereum was trading at around $140 per coin at the beginning of the year, the current price is almost $200 ($196.48 as of May 11). The Ethereum chart usually moves with Bitcoin, falling at the end of 2018 and experiencing positive gains so far this year.

With a price point of around $200, Ethereum is an excellent “intermediate” coin that is much more affordable than Bitcoin, but much more expensive than BAT and Ripple. Buying coins at different price points can help make your portfolio more diverse and dynamic. Ethereum is also an excellent alternative to hedge the risks of buying newer coins.

Conclusion – Best cryptocurrency to invest in

If we don’t mention your favorite coin in our best cryptocurrency to invest guide, it doesn’t mean your coin isn’t going up in value. It simply means that it didn’t make the cut to be the best cryptocurrency to buy right now.

As we said earlier,  diversification  can improve your crypto trading strategy. By investing in a larger number of coins, you can protect yourself from unexpected events.

While the four coins featured in this article are our top picks, we also recommend checking out these coins.

  • Litecoin (LTC)
  • Bitcoin Cash (BCH)
  • dash
  • Monero (XMR)
  • Peercoin
  • EOS
  • Binance Coin (BNB)
  • Tron  (TRX)
  • S tellar (XLM)
  • Tezos (XTZ)

Many of these coins have high market caps. This helps ensure long-term stability and will also make tradable coins a little more predictable. To gain the benefits of diversification even further, you may want to consider investing in a crypto index fund.

Remember, your predictions will not be 100% accurate, so always be prepared for fluctuations.

Which of the cryptocurrency listed above is your favorite? Let us know if you have another good candidate for the best cryptocurrency to invest in 2020.

There will always be some level of risk present when trading cryptocurrency. However, these currencies are becoming more secure and also accepted in more places… the crypto industry is clearly moving in a positive direction.