Best Cryptocurrencies to invest in 2020
Look at Google trends and you will see this topic posted in the top searched phrases almost every day. If this is not an indicator showing the rise of Crypto, then I can confirm that it is in fact growing at a very fast rate. The doubters of Crypto have long gone away from the mass market and now, only the voices of those who shout in praise of cryptocurrencies can be heard. With successful traders and new hopefuls joining the chants, we have compiled a list of the Cryptos you should consider investing in. Side note, this is not financial advice, its just our opinion and DYOR (Do your own research) is a practice that must be followed.
This was obviously going to be first on the list. The original Crypto and the first of its kind to make a big splash globally, BTC has definitely changed a few lives. The 12-year-old that bought 10,000 Bitcoins back in 2012 can verify this since he officially became a millionaire through his transaction and now everybody wants in. Sure, BTC has its ups and down and there have been some who have ended up going into loss while holding BTC but if history is something to go on, Bitcoin value will continue to rise. Take a mental note that it was once priced at $1 and now it is jumping in the $11,000 range. The positive of investing in BTC is that it controls the whole market and it has got people backing it up to go even higher. The con is that it is too damn pricey and those that did not invest in it earlier still regret their decision to this day. But if you think you can invest in a number big enough to give you that profit after the transaction fees, Go for it. Join the Bitcoin HODLers (Acronym for those who Hold on for dear life).
Based on smart contracts and used by many projects for the digitization of transactions, Ethereum has changed the game for many while giving others a route to pursue their own Crypto journeys. Rather than growing in value for its asset value, it grows due to its demand in blockchain and functions. If you ask me, that is definitely a huge plus as Crypto is only growing and ETH is playing a huge role in it. The number two crypto in the rankings is preferred by many as it gives the feeling of innovation while being more than just a crypto asset. Right now, ETH is valued at $397 and is looking very strong. Definitely a smart way to go for those investors who believe in the power of Ethereum’s technology.
According to Coin Telegraph, EOS is very popular amongst Chinese experts who predict it to be the cryptocurrency that will show the most promising results in the upcoming years. For those new traders, even if you don’t know the A-Z of crypto coins, EOS is still a good investment. While compensating for the problems shown by Ethereum on its system, it is said to be the front runner for new tech development if Ethereum does fail in the future. This is the precise reason why investors are looking to target this Crypto. According to the reports, if major brands like Twitter, Uber & Amazon ever decide to move into a blockchain system, the core of their work will be on the EOS platform. With such a huge claim, its no wonder why EOS is ranked as one to watch out for. Currently trading at $3.06, it is comparatively priced lower making it all the safer bet for the future.
The newest of these Cryptos on feature today was only launched in June of 2020 but has made a huge splash on the marketplace after launching. With the release of their mobile wallet and 50,000 downloads within the first week, we can be sure of greater things to come in the future. While most of their features are yet to be released, they have already attracted a lot of attention by introducing a Native Token labelled TYS. With a starting price of $0.1 per token, it is the most affordable out of the cryptos on our list today. The biggest advantage that a trader or a new user will get while investing in Tyslin is the sign of continuity by the company. Looking to become a complete ecosystem to provide users a one stop solution certainly looks promising. Overall, their project looks like one that will shake the crypto community, if it does come to realization. Details of the project can be found in their whitepaper here.
One thing is for certain. Crypto is the future and there are many who have made it their life. The proof of this statement can be seen in developments in the cryptosphere. Markets are starting Crypto payments, ATM’s for crypto are being formed. Transactions are moving towards crypto and users are increasing daily. It won’t be long now before the whole world gets into it and the biggest advice that I can give to you is to get in and secure your position now. Learn from those who doubted BTC and look towards the future. I wish you all safe journey to the moon and beyond!