Do you want to know how to Invest in Cryptocurrencies and what are the 10 best investment opportunities in 2020?
Today I bring you good news, because if you plan to enter the cryptocurrency market, according to a large number of experts, 2020 will be one of the best years to date to do so.
And if you are already investing or know a little about the subject, you will have realized that choosing in which type of cryptocurrencies to invest and which is the one that best suits your objectives and profile as an investor, can be complicated since there are more and more options. That is why to make things a little easier, and for all those who do not have much time to analyze each and every one of them, I have chosen the top 10 cryptocurrencies that from my personal opinion I believe will have a greater growth throughout 2020.
Another thing I want to point out is that I personally think that there is no cryptocurrency that we can classify as the best of all, since depending on what you are looking for, what your investment objectives or level of experience are, there will be some better than others.
And finally the most important thing of all before starting is that you have to pay special attention to safety. That’s why I recommend that you protect your investments by securing your passwords, that you also activate 2-step verification or have a hardware wallet where you can store your cryptocurrencies.
Do not miss all myTRICKSto INVEST YOUR MONEY
Do you want to have Healthy Pockets?
Subscribe to access exclusive content and gifts
Well, having said all this, let’s see my top 10 cryptocurrencies to invest in 2020 and be sure to read until the end to know which of all and why it is my favorite.
When we talk about the top 10 cryptocurrencies to invest in right now, we have to mention yes or yes to Bitcoin.
And it is that Bitcoin is the most used cryptocurrency to date and which is already considered as “the king of cryptocurrencies”.
The main reason why you should have Bitcoin on the radar of your Investments, is because it has the highest liquidity, or what is the same ease of converting your investment into cash, of the entire cryptocurrency market. And also for this same reason I also consider that it is one of the best options to buy if you are a beginner, since you will not have any problem whether you want to buy or sell Bitcoin.
Another advantage that Bitcoin has, within the volatility that cryptocurrencies have, is that it is one of the most stable currencies.
The last point to keep in mind is that the demand for Bitcoin is expected to continue to increase over the next few years. And you know what happens when the demand increases, right? That the price of Bitcoin probably also does so considerably, so your investments could be multiplied x2, x3 in the medium long term.
Another of the pioneering cryptocurrencies next to Bitcoin is Litecoin.
This coin is another great investment opportunity in 2020 thanks to its liquidity and the large market capitalization they have.
And why do I think Litecoin can grow considerably in the coming years?
Well, first of all is the volume, because it has the capacity to trade 84 million in coins, that is, a total much greater than the 21 million units of Bitcoin.
Another reason is that it is in addition to being safe, this currency adapts very well to the different platforms that Bitcoin uses. So due to the great similarity with this cryptocurrency, we can expect that payment tools or mobile applications, originally created for Bitcoin, can also be adapted.
And if it is true that the demand for Litecoin, with respect to Bitcoin, is lower, little by little this virtual currency has been gaining ground within the market, increasing in turn the number of websites that allow it to be used as a form of payment.
Finally if your investment profile is more conservative and you are looking to minimize risks, I advise you to stay away from currencies that have market limits and small communities and choose cryptocurrencies such as Litecoin or Bitcoin.
The third coin we’re going to talk about today is Ethereum, and I personally think you can’t go wrong investing in Ethereum in 2020.
The big difference with Bitcoin is that Ethereum can perform much more than a financial transaction. Since it was the first blockchain project to contain a thing called smart contract technology. And what is that? Visualize it as a piece of code that allows people to enter into an agreement without the need for an intermediary.
Once certain conditions are met, this smart contract is able to move funds from one person to another automatically.
But also another advantage of Ethereum is that it is the second most liquid cryptocurrency, just below Bitcoin. So you won’t have trouble buying or selling.
Finally, another reason that reinforces Ethereum as a good investment in the short-medium term is that it is backed by a loyal team and community. And this is fundamental so that Ethereum can remain stable and increase its value in the long term.
One of the coins with the most growth projection due to the large number of followers gained during 2019 is the Basic Attention Token (BAT).
Last year had an increase in active users of more than 10 million, which is quite impressive for a start-up company. It has also been confirmed that the Brave platform where it is marketed has already registered more than 100 million downloads.
This increase in users has also coincided with gains in the market, where the BAT coin increased in value by 30%. And this success is no surprise since the CEO of the company is Brendan Eich, co-founder of Firefox and Mozilla, so with a leader like the one within the company, I think a very promising future awaits him.
Finally I want to emphasize that this coin can already be used as a tip for content creators in exchange for any information, which is an extra for their future growth.
NEM is quite different from the rest of the cryptocurrencies that we have talked about so far, and that is that in addition to an NEM coin it is also a platform to create applications.
The biggest benefit or advantage I would highlight about NEM is that it has a very fast transaction speed; It takes just six seconds for a new transaction to appear and 20 seconds to confirm. And to this we must add that the transaction costs are also very low.
NEM is an ambitious project with some really big goals. Thanks to the team that leads this platform, it will be possible to diversify into many areas: including loans, game data, royalties, smart contracts and property records.
In short, NEM is a company worth following closely.
Also known as the “Chinese Ethereum, NEO has become one of the most well-known success stories within the world of cryptocurrencies.
It should be noted that NEO has a good chance of capturing most of the Asian market during 2020, bringing the Chinese government into the blockchain industry.
Experts predict that due to neo’s great potential, this could be a good option as a long-term investment. And while it’s true that it’s impossible to make 100% reliable predictions, NEO shows compelling signs of a positive year ahead.
In fact, by the end of 2020, NEO could climb in the cryptocurrency rankings, and occupy a well-deserved spot in the top ten, or even among the top five cryptocurrencies to invest in.
Binance Coin is one of the best cryptocurrencies if you are looking to diversify your portfolio and are already investing in important currencies such as Bitcoin or Ethereum.
And all this for different reasons such as:
- It is one of the 10 most liquid cryptocurrencies.
- Also speaking of its growth, it has a constant growth. Despite the volatility, the price of a Binance coin has multiplied x3 since the beginning of this year.
- As for the team, Binance is backed by a strong and committed team. This team is made up of people with the highly relevant skills and experience needed to drive the project towards success.
- They offer great security, and Binance’s security was put to the test in 2018 when some malicious entities organized a hacking attempt, which was successfully repelled.