Cryptocurrency

Best Top Crypto Coins To Invest In This Year

Before thinking of investing in any cryptocurrency, it’s very important to understand their features, market market value and potential in the long turn. The fact that there are over 2,000 cryptocurrencies currently available to traders and investors makes it even harder to know the best ones to bet your money on.

Best Top Cryptourrency Coins To Invest In

Investors and traders, especially new market entrants, find it hard to choose the top crypto coins to invest in. This is because the market changes, and different cryptocurrencies peak for various reasons.

For that, following their move is equally important. Just like real estate investment and significant investments, you can’t just rush into any decision.

Early days of 2020 has been a devastating one so far for the cryptocurrency space and the financial markets in general. The coronavirus (COVID-19) outbreak has been the primary topic of discussion so far this year, and it has affected several economies around the world.

In the cryptocurrency industry, most people believe the bear market is over as BTC price has been hovering around the $10,000 mark for the past few weeks. The Bitcoin mining reward halving in May is another highly anticipated event. In terms of adoption, to invest in cryptocurrencies have been gaining momentum globally.

Knowing which cryptocurrency to invest in might prove to be a difficult task for you if you’re not updated on the performance of the cryptos. You can’t make investment decisions based on emotional judgments. There are several metrics used to calculate the best currency to invest in. In a matter of time, cryptocurrencies can jump up or down the ranking order, as recently Bitcoin and Ethereum are indeed the top cryptocurrencies to invest. But before we make any decisions in our investment, we should be asking ourselves the following questions:

  • Are you having any planning of selling after it reaches a peak price?
  • If yes, do you want to sell it all at once or gradually?
  • Is there any factor that might affect your decision and you sell it off abruptly?
  • What is the maximum amount of loss which you can bear?
  • How optimistic are you about making profits?
  • Do you follow the market news on a regular basis? If you’re not keen on that, you mustn’t invest.

Based on these questions, you should figure it out whether you want a long-term investment or a short-term investment in the cryptocurrencies. With this let’s have a look at the 10 new and emerging cryptocurrencies of 2020:

Top 10 List of Cryptocurrencies to Invest in

1 – Ripple (XRP)

XRP is another cryptocurrency that is gaining wide adoption, its the third cryptocurrency by market capitalization but first in my ranking, Ripple (XRP) is among the most promising investments in this list. thanks to the various technologies rolled out by Ripple. An increasing number of banks across the globe are using XRP and its technologies for faster, cheaper and easier cross-border transactions. It’s solid technology and network are rapidly opening new opportunities in the field of international commerce, banking and payment networks.

MoneyGram has received over $11 million from Ripple in 2019 to use its blockchain technology for payment solutions. “MoneyGram has continued to expand its strategic partnership with Ripple as the first money transfer company to scale the use of blockchain capabilities.

2 – Zcash (ZEC)

Even if Zcash is predominantly new to the market, it has covered several grounds in such a short span. The CEO, Zooko Wilcox-O’Hearn is forward-thinking and continuously plans for growth and expansion strategies. At the moment, Zcash has around 21 million coins in transactions. Investing in Zcash is easy as you can enjoy a certain level of anonymity and can get the detailed report of the transactions you’ve carried out, hence making it one of the best cryptocurrencies to invest.

Zcash Price for today is $79.91. Its current circulating supply is ZEC 6,723,069 with a market cap of $537,258,522. You can convert ZEC to BTC at best rates from CoinSwitch.

3 – Dash (DASH)

Digital Dash should be included in top cryptocurrency list when it comes to investment opportunities. Although it was created in 2015, its market capitalization hit $2,036,525,273.Within this short span, they have consistently handled about $100 million worth of transactions daily as they are safe and secure. DASH is one of the best cryptocurrency to buy right now.

Dash Price for today is $146.10. Its current circulating supply is DASH 8,857,711 with a market cap of $1,294,142,348.

4 – Neo (NEO)

Two names always pop in our minds when we talk about blockchain and innovation- Vitalik Buterin and Da Hongei. The former as we know is the creator of Ethereum, wherein the latter is the creator of NEO coin. The NEO technology is underpinned by a Delegated Byzantine Fault Tolerant system, which adds sophistication to the system. Its improved proof of stake tech makes it one of the best cryptocurrencies to invest in.

By now, you might have got a fairer idea of the crypto world works which will be good for your investment in 2020. As stated earlier, investment is a risky process so it shouldn’t be rushed. You should always take investment decisions in a logical manner.

NEO Price for today is $12.43. Its current circulating supply is NEO 70,538,831 with a market cap of $876,507,478.

5 – Steem (STEEM)

Steemit, the blogging, and social media platforms have decided to venture into cryptocurrencies. Activities like writing blogs and comments will award tokens to the writers. This token can be used for payment of other things on the platform. This is booming as more and more budding writers are showing their interest in this social media creative writing enabler.

Steem Price for today is $0.411964. Its current circulating supply is STEEM 318,079,459 with a market cap of $131,037,435.

6 – Cardano (ADA)

Cardano is the distributed computing platform that implements blockchain technology for the ADA coin. As a decentralized blockchain platform, Cardano is an entirely open-source cryptocurrency project, it is also the first cryptocurrency platform, based on the Haskell code, an industrial product used for mission-critical systems as well as one of the cheap cryptocurrencies to invest right now.

Cardano Price for today is $0.083503. Its current circulating supply is ADA 25,927,070,538 with a market cap of $2,164,988,406.

7 – Tron (TRX)

In spite of its occasional increase, Tron is attracting more and more investors. The reason is that most of the investors are realizing its potential in the upcoming months. Buying when low is the holy grail in the cryptocurrency bible. Launched by Justin Sun, Tron is set on a decentralized platform. Fast and secured transactions can be made with the help of this currency. The main motive is to promote and support the entertainment industry which enables all the users to upload and download various types of media without the intervention of third parties like Google Play Store and other middlemen parties.

TRON Price for today is $0.031423. Its current circulating supply is TRX 66,682,072,191 with a market cap of $2,095,379,228.

8 – Nem (NEM)

Nem is different from other cryptocurrencies to invest in because of two main reasons. You harvest instead of mining as is the case for other cryptocurrencies. The other concept is proof-of-importance to determine who harvests the next block. NEM transactions take around 6 seconds to show up and 20 seconds to confirm. NEM is incredibly scalable which takes about 3000 tx/s where BTC is bogging down at 4 tx/s. Another advantage is that the transaction cost is ultra low, around .01% fee. So you need a penny to send $100 or 10 cents to send $1000.Isn’t that awesome?

Last, but not the least NEM uses 100x less power than BTC to run a node or harvest.

NEM Price for today is $0.084553. Its current circulating supply is XEM 8,999,999,999 with a market cap of $760,977,582.

9 – Binance Coin (BNB)

Binance is not only the world’s largest cryptocurrency exchange but its the name of a coin, too. BNB falls under the top 30 cryptocurrencies in the world to invest by market cap. Binance has high liquidity and one of the assets which are superior in cryptocurrency trading. BNB offers great prospects in the long run as it increases steadily at times of turmoil, too. Since it has added 15 new tokens, it has seen around 50% adoption after that.

Binance Coin Price for today is $31.62. Its current circulating supply is BNB 141,175,490 with a market cap of $4,463,586,092.

10 – 0x (ZRX)

0x is the latest and trending cryptocurrency that is grabbing the attention of the traders and investors. It is a decentralized exchange of ERC20 tokens and the users can directly place the orders from their Ethereum wallets. It allows much greater liquidity as compared to the other cryptos, so anyone using the protocol can access orders from anyone else. ZRX was in the news when Coinbase announced to list it the first ERC-20 token on its platform.

0x Price for today is $0.332269. Its current circulating supply is ZRX 597,577,999 with a market cap of $198,556,859.

Spread the love

6 thoughts on “Best Top Crypto Coins To Invest In This Year

  1. For dorks like me fascinated with cryptocurrency but never had the computing power to compete with bitfarms, you need to check out the Pi Network. It was created by some fancy pants PHDs at Stanford and is still in the beta stages (phase 2) but I like the concept and especially like that anyone with a mobile phone can start “mining” Pi. If you are curious and want to check it out, it’s invite only but you can use my invite code – rkelly77

Leave a Reply

Your email address will not be published. Required fields are marked *