Cryptocurrencies are the future of payments and investments as market groves its capital every single day. Cryptocurrency payments goes through a decentralized system (blockchain) that requires no trusted third parties and no central bank. Event though investing in cryptocurrency with manipulated market pumps and dumps is dangerous, there are decent cryptocurrencies that offers unique design and goal for the future of blockchain. Here we present the top 5 cryptocurrency to invest in 2020.
Bitcoin Cash, BCH
Bitcoin Cash, BCH, is the product of bitcoin hard fork (a community-activated update to the protocol or code) . BCH came alive to cover the inability of bitcoin to scale and the lack of consensus among bitcoin community. It is empowered with low fees and reliable confirmations. But, on Nov 16th 2018, Bitcoin Cash went on a hard fork and split into Bitcoin SV and Bitcoin ABC. During the hard fork, Bitcoin ABC took over Bitcoin Cash by producing more hash power and nodes in the network. The total supply is 21 million coins with 18,238,163 coins currently circulating. As of January 23, 2020, its value is $340.0 with all time high and low are $4,355.0 and $75.03 respectively.
Based on investors thoughts, bitcoin cash will have a consistent growth in value until 2021. Bitcoin Cash allow developers increase stability and to allow for scalability. It also promises fast and secure transactions compare to what bitcoin offers. To buy and store Bitcoin Cash click here.
Ethereum, the second bitcoin, was released to be the innovation of internet 3.0 in the future. And, it is a global, open-source platform for decentralized applications. Even though it suffers from lack of scalability, it still comes in first 5 cryptocurrency to invest in 2020. Ethereum is a decentralized software platform that powers smart contracts and Decentralized Applications (DApps). Smart contracts and Dapps are built and run without any downtime, fraud, control, or interference caused by a third party. That is, anyone can built applications on Ethereum blockchain and have it accessible globally. As of January 23, 2020, ethereum has a value of $164.97 with a total supply of 109,393,985 coin in circulation.
With all features ethereum has like implementing a secure internet platform with decentralized protocols, it comes in the second in our list of cryptocurrency investing. To buy and store Ethereum click here.
Litecoin, LTC, is the most affordable altcoin that uses bitcoin’s base algorithm. LTC uses the memory intensive Scrypt proof of work mining algorithm that enables GPU mining. It allows instant, near-zero cost payments to anyone in the world. It is named the silver of bitcoin like gold. Since 2019, litecoin has become one of the safest cryptocurrency to invest. It seems to bring small amount but safer return in time. As of January 23, 2020, ethereum has a value of $56.68 with a total supply of 84 million coins and almost 64 million coins in circulation.
Litecoin has a strong support from crypto community since beginning. This brings more people into buying and storing crypto silver, litecoin, as a future investment. As it is our favorite cryptocurrency, we have listed ltc to be in 3rd in our Top 5 Cryptocurrency to Invest in 2020. To buy and store Litecoin click here.
Privacy coin, monero, came out on April 18th, 2014. Monero can be mined with CPU and GPU devices due to its algorithm, CryptoNight. This makes it easy to mine monero token even on smart phones. Monero, XMR, promises private, secure, and untracable cryptocurrency. With monero, you will be in full control of your funds. So, no one can see your balance or amount of transactions you have. As of January 23rd, 2020, it is the 14th coin and having a current price of $62.73 on the market. Circulation supply is 17,412,112 XMR. Monero coin all time high and low are $495.8 and $0.2 respectively.
From all mentioned above, when we consider the nature of cryptocurrency, digital money, monero (privacy coin) would be a favorite cryptocurrency to invest in 2020. To buy and store Monero click here.
A digital asset built for global payments using blockchain technology, Ripple. It is the ones of the fastest, less costly, and more scalable cryptocurrency. Also, It allows micro payments, e-commerce fetures, exchanges, and peer-o-peer services. A transaction takes about 3 seconds to complete. With governance and fast transaction confirmations, it is the way for financial institutions, inter-bank flows, and global reach. As of 23rd of January, 2020, XRP has a value of $0.23 and growing. Even though the total supply is about 100 billion coins, the current circulating supply is around 44 billion coins, which is almost half of it. XRP is the 3rd token on the market with all time high and low are $3.84 and $0.0028 respectively.
The ease of using Ripple in such variety of platforms, XRP can create a mass adoption as the idea of digital payments becomes widely distributed. To buy and store Ripple click here.
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