Bitcoin was the best investment in this decade. But do you know that other altcoins can give huge profits? So let’s reveal the top 5 altcoins to invest in 2020.
We are beginning a brand new year. Bitcoin and other cryptocurrencies have seen many ups and downs. In 2020, we hope that we all have a productive year and cryptocurrency will rise.
5 Best Altcoins to invest in 2020
This is the time when all are predicting future prices of all cryptocurrencies. We all are not that expert and skilled in applying trading concepts.
So we will do fundamental analysis and find out opportunities to earn more profits.
We have simplified the work for you. We have filtered out 5 awesome altcoins to invest in 2020.
Ethereum (ETH)After bitcoin, ethereum is the second-largest cryptocurrency. It has the capability to become the next Bitcoin. It is one of the most potential and productive altcoin to invest.
According to Coin Market Cap ETH has given an ROI of approx 4545% to its early investors. The main reason to invest in ETH is that it has the second in terms of market cap i.e. $26,307, 580,992.
It is also in a very limited amount as bitcoin. We suggest you invest 15-20% of your total investment in ETH.
Litecoin (LTC)It is nicknamed as Bitcoin-Lite. It is a peer-to-peer cryptocurrency that was created by Charlie Lee in 2011.
It differs from bitcoin in terms of the hash algorithm used.
It has implemented the SegWit (Segregated Witness) upgrade to its blockchain which helps to increase blockchain capacity which inturn decreases transaction settlement times and fees. It has given around 880% returns to its early investors.
It can be the best long term investment ever because of 2 main reasons. The first reason is the SegWit upgrade that has improved litecoin blockchain.
And the second reason is that Litecoin mining is different from bitcoin mining as it can be performed by less cost-intensive graphics processing units (GPUs). Which in turn encourages more and more people to join Litecoin.
Ripple (XRP)In the third position, we have Ripple. It was found in 2012 and their main aim was to have faster and less costly transactions like bitcoin. it has beaten Bitcoin in terms of speed. It takes around 3 seconds for confirmation of transactions.
Although the all-time high of Ripple is just $3.84, it has given an unbelievable ROI of 3191% to its early investment. According to us, there are 2 simple reasons to buy Ripple. Firstly and most importantly is that it is bank-friendly. It is adopted by banks like Axis Bank, Yes Bank, SBI Remit, etc. The second reason is the price of Ripple.
An average person may think 100’s of times in bitcoin because of the price of bitcoin. For an average investor Ripple is the best altcoin to invest in 2020.
These 3 were the personal choices of altcoins we regularly buy. But wait we have 2 other coins that may be blasting in upcoming years and can become the top altcoins for you.
Monero (XMR)It is a private and untraceable cryptocurrency launched in 2014. It has given an ROI of around 1726% and it hit an all-time high in Jan 2018 with the coin trading at $495. The main reason to buy this coin is its security.
When bitcoin was launched it had many loopholes. Monero successfully filled those holes which make it more worthy to buy.
It also too scare as compared to bitcoin. The total supply of Monero is 18.4 million out of which 16.7 million Monero coins are already mined.
Tron (TRX)It promises to build a decentralized internet and global free content entertainment system that utilizes blockchain technology. It has a whole new concept.
Most cryptos focus on payment but Tron focuses on entertainment. It has given an ROI of around 547% to its early investors.
The main reason to invest in Tron, according to us, is that it has focused on a different market. It can also be a very good alternative to Ripple due to its low price.
You may have noticed that we pointed out some of the reasons that were similar. We told that supply is limited in many cases. But it is not the only point you should rely on. Other factors too affect the cryptocurrency. So here are the 4 points that you should also focus on while investing in any crñptocurrency.
- The concept in which the cryptocurrency is or will be working.
- The team behind the scenes should have very good knowledge of the industry.
- The Road map of the cryptocurrency.
- The Whitepaper of the company.
We know that you don’t have time for that. We are here for you don’t worry, we will bring the best coins for you in the future.
Bonus is none other than Bitcoin. Nothing can be more valuable than bitcoin as a bonus.
Bitcoin is the King of Cryptocurrency.
Apart from all the investments Bitcoin is the first and the most recommended cryptocurrency to invest in any upcoming years. So before investing in any other coins just buy bitcoin right now.
We have planned to invest in Ethereum and Litecoin in this year. Which are the altcoins you will invest in 2020? And are there any other altcoins to invest in 2020.