It does not matter how famous or notorious the cryptocurrency market is, you will now keep seeing people looking for opportunities to find an investment opening in this market. People understand that cryptocurrencies are not going anywhere, and that they definitely hold a place in the future. However, what they usually struggle with is the identification of the right cryptocurrency. There are thousands of digital coins that you can invest in today, but which one is going to be the best for you in terms of returns on your investment? Let Neuer Capital give you the list of the top 10 cryptocurrencies be in 2020.
Top 10 Cryptocurrencies for Investors in 2020
Before you invest your money in any cryptocurrency, you have to make sure you understand its scope. TRON is here to solve a real problem. It has been designed to get rid of the middlemen from the world of entertainment. If TRON becomes a prevalent player in the decentralized global entertainment industry, which is its vision, you will be able to watch whatever movies or entertainment content you want at a fraction of the cost you spend today. Think about a world where you won’t have to pay big Netflix fees to watch your favorite movie.
Monero has remained one of the top cryptocurrencies on the market since its inception. Even today, you will find it among the 20 best in the cryptocurrency market. A currency ranking among the top 20 is not bad at all when you consider the fact that there are thousands of digital coins out there already. The more people become skeptical about their information being shared to third parties by companies they trust, the more the demand for a cryptocurrency like Monero increases. It promises privacy and anonymity that no other cryptocurrency does.
The first thing you have to know about this particular cryptocurrency is that it is one of the heavy ones i.e. it value is quite high all the time. One Dash coin is equal to nearly $107 at the time of writing this. In short, you can gain some great profits from this cryptocurrency in 2020 with short-term investments as well. Sometimes, people can confuse it with Bitcoin, but you must not forget that its mining mechanism is much closer to being proof of stake than being proof of work.
Here, you have another cryptocurrency that might be more appealing to people as time passes by. You do not always exchange money with money in real life. What about when you have to transact contracts, properties, etc.? That’s where Neo comes in. This cryptocurrency allows you to exchange not just money but various other assets as well. The technology it uses for that is smart contracts. One Neo coin at the time of this writing is a little over $14, and the digital coin is among the top 20.
5. Bitcoin Cash
Things can get confusing when you see something appearing on the market charts with the name Bitcoin Cash. If you are wondering about the differences between this digital currency and Bitcoin, you first have to look at the block size of each – it is bigger for Bitcoin cash. If you have understood this difference well, you have just understood the reason for its existence. Yes, it is just like Bitcoin, but because of the larger block size, it aims to allow more transactions every minute.
EOS remains one of the strongest players in the cryptocurrency market today with it ranking among the top 10 all the time. The value of this currency is at a little more than $4 at the time of writing this article. This digital coin has brought the idea of decentralization to the world of operating systems. With this digital currency, businesses will be able to create their own decentralized applications. If you want to know where EOS is going, you should look at some details of dApps.
There is no way you can complete a list of the best cryptocurrencies in 2020 without mentioning Litecoin on it. It will not be wrong to say that this digital currency is now standing in the league of the toppers, such as Ethereum, Bitcoin, etc. Its value at the time of stating it here is more than $78. You could say that Litecoin is the improved version of Bitcoin because it is lighter. If you can’t wait for the confirmation of your transactions on the blockchain, you would prefer to go with Litecoin rather than Bitcoin.
8. XRP or Ripple
Although written interchangeably, XRP is the token whereas Ripple is the name of the platform. It is safe to say that XRP is the safest investment in 2020, even more than Bitcoin and Ethereum in some regards. The idea of this digital currency is to make payment transfers from one part of the world to the other within seconds and without the involvement of third parties. As a result, people transferring the money will have to pay minimal or almost negligible transaction fees.
No matter how much you ignore them, you can’t create a list of the best cryptocurrencies without these usual suspects. Ethereum is a platform that supports many other cryptocurrencies out there. It is one of the strongest player in the market and a brother (or rival) to Bitcoin. It is a safe investment because you can say that Ethereum is not going anywhere for as long as the Blockchain technology sticks.
It was the biggest and the great. It is still the biggest and the greatest. No matter what people say about Bitcoin, it remains the face of the blockchain world and the cryptocurrency market. Secondly, people around the world might not be fully aware of the idea of the blockchain, but they definitely know Bitcoin. It is the most prevalent cryptocurrency and one with the highest value.
In addition to this list, you are highly recommended to stay up-to-date with the news from the market. This way, you will know which currency is going up and which one is going down. For now, the cryptocurrency market can perform unpredictably and staying in the know is the best way to invest safely and make profits.