best crypto currency to invest in
Traders worry every day about which crypto currency to invest in. The crypto market, however, is still difficult to predict. There is no simple answer as to which coins will win the race in 2020.
The guarantee: Bit coin
Bit coin will always be a good investment. Satoshi Nakamoto invention continues to lead in terms of market capitalization and trade volume. Almost every crypto exchange can trade Bit coin and it is the crypto currency that is used the most.
If you can or just want to invest in a single crypto currency, Bit coin is always a good choice. The first true peer-to-peer currency is still the number 1 crypto currencies. So far, there is no indication that Bit coin will be thrown from the throne in the foreseeable future.
The next Bit coin Halving will also take place in 2020. This means that fewer coins are distributed during mining. The available amount grows more slowly, so that every single coin becomes more valuable as soon as the demand increases. Many investors expect price increases after halving.
It is guaranteed that Bit coin will experience the biggest growth in 2020. But it’s the most stable crypto currency to invest so far.
- Strongest market dominance, largest trading volume
- The most widely used crypto currency worldwide
- Secure facility
Bit coin alternatives
Bit coin clones could also be a safe investment: crypto currencies such as Bit coin Cash (BCH), Bit coin Gold (BTG), Lite coin (LTC) or Bit coin SV (BSV). These crypto currencies are mostly faster and more technically advanced than Bit coin, but will not be able to break its market dominance in the foreseeable future.
They have the same purpose: digital means of payment for the Internet. Your prices often move parallel to the Bit coin price, but can also rise or fall with a time delay. Some of them have the potential to grow faster than their template, but it is not guaranteed.
- Good alternative to diversification
- Potential for big price gains
Binance Coin (BNB)
The Binance Coin (BNB) is the crypto currency of the largest exchange in the world: Binance. The Exchange has expanded considerably in recent years and plans to continue doing so in 2020. An investment in the Binance Coin is equivalent to an investment in the Exchange.
The Binance Coin can be used to trade on the cryptocurrency exchange. If you buy cryptocurrencies with her, you get discounts on your purchases. Binance coins therefore have a benefit for every trader. Binance will soon start a decentralized exchange called Binance DEX, on which in turn the in-house cryptocurrency can be used as a means of payment.
That makes the Binance Coin extremely liquid. Shortly after the start of the cryptocurrency, it was able to get a permanent place in the top 10 largest cryptocurrencies on CoinMarketCap. In 2019, the BNB price tripled.
- Extremely liquid cryptocurrency
- Currency on the largest exchange: Binance
- Could already gain good prices
Tron is a blockchain platform from Justin Sun, an important figure in the crypto scene. An independent ecosystem for the entertainment industry is to be created on the platform. Every user should be able to upload their own videos, pictures, music, texts etc. without being dependent on companies like YouTube.
Basically, it’s a smart contract platform, similar to Ethereum (which is also a good investment). Users can upload data, make it available to other users and write their own smart contracts.
Tron now attracts a large number of investors. There is a lot of potential in the project. In 2017, Tron’s price rose from EUR 0.0018 to EUR 0.045. In 2018 and 2019, the cryptocurrency gained more and more ground in the crypto world and is now among the top 15 in terms of market capitalization.
- Decentralized platform for entertainment
Given the popularity of cryptocurrencies, investing in them needs severe caution. Before investing in a cryptocurrency, investors must carefully assess its potential prospects. Whether you like it or not, you can’t ignore its enviable popularity, market supremacy, and continued relevance in the cryptocurrency ecosystem.