1. BITCOIN:
The list of best cryptocurrencies to invest in cannot start with a different cryptocurrency than Bitcoin — the world’s most popular cryptocurrency. In fact, the popularity of this digital currency is one of its biggest advantages against other players in the market.
As long as Bitcoin continues to dominate the cryptocurrency market, investors will always benefit from high liquidity levels. Even during periods of market uncertainty. Over the years, Bitcoin has shown a volatile yet consistent growth.
2. RIPPLE:
Third cryptocurrency by market capitalization but second in our ranking, Ripple (XRP) is among the most promising investments in this list. It’s solid technology and network are rapidly opening new opportunities in the field of international commerce, banking and payment networksRemittance giant MoneyGram has received over $11 million from Ripple in 2019 to use its blockchain technology for payment solutions. “MoneyGram continued to expand its strategic partnership with Ripple as the first money transfer company to scale the use of blockchain capabilities,” the company wrote in a press release.
MoneyGram heavily relies on Ripple’s On-Demand Liquidity, a product that runs on XRP. Institutional interest is a key factor behind the bullish XRP 2020 forecast.
In February 2020, European money transfer service Azimo announced it will also start using Ripple’s On-Demand Liquidity to increase the speed of customer transfers.
The list of companies using Ripple services goes on and on. Experts believe 2020 will result in higher adoption of XRP and therefore its price will increase significantly.
3. LITECOIN:
Litecoin is another cryptocurrency that you shouldn’t ignore in 2020. LTC is one of the fastest and most affordable cryptocurrencies when it comes to payments. Its technology-forward profile has put this cryptocurrency on the third place by market capitalization.
Compared to Bitcoin and Ethereum, the only currencies above Litecoin, this cryptocurrency offers huge potential at a much more affordable price level. Each LTC unit currently trades for less than $100, which gives a wider number of investors the opportunity to jump in.
In a similar way to Ripple, the price of Litecoin also largely depends on adoption. Hopefully, for its supporters, the coin seems to be already on a good path. Litecoin has recently confirmed it will be integrated into regular ATMs in South Korea through a partnership with MeconCash.
4. ETHEREUM:
Ethereum needs no introduction. Bitcoin might be the most popular cryptocurrency, but no one can deny Ethereum is by far the most influential one. The reason is simple: the Ethereum blockchain enables thousands of projects to develop on top of it.
Standing a little over $200, Ethereum remains a very accessible investment for those starting off in the cryptocurrency space. The strength of this currency is closely related to the strength of its network. The more decentralized applications and ecosystems relying on the Ethereum network, the more powerful ETH tokens will become. While it’s unlikely that Ethereum matches Bitcoin’s price, analysts still see huge potential for this cryptocurrency in the months ahead.
5. NEO:
The cryptocurrency world remains a pretty small one. There are only a few names that truly ring a bell, and Da Hongei is certainly among them. He is the mind behind NEO — an open-source, community-driven platform that leverages blockchain technology to optimize the digital economy.
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