Cryptocurrencies can be a great way to invest as long as the buyer is smart about his decisions and does his due diligence first.
But prior to buying any cryptocurrency it’s important to do some background research about who created the coin, whether it is being traded on safe exchanges, whether their screening processes are thorough and whether they are being endorsed by affiliation with recognisable brands. Taking all these precautions is critical before choosing to invest your hard-earned money.
In this article, we will explain the advantages of cryptocurrency investments and show you the top five digital coins to buy in 2020. Let’s check it out!
Interesting fact: only 3% of people currently trade with digital money, the number of investors is growing steadily all over the globe.
Firstly, let’s talk about the advantages of cryptocurrency investing:
Read also – Countries Where Crypto Investments are not taxed
The list of the most promising cryptocurrencies would be incomplete without Bitcoin.
After three years of major ups and downs, Bitcoin finally stabilized in 2019 and it currently costs about $8100. It’s the best solution for investors who want to play safely and hope for a small long-term return on investments.
Ethereum is based on a popular dApp processing platform, which is exactly where it derives its power from.
According to live price tracker, this coin currently costs about $176, but the 2020 predictions are optimistic. Some analysts even claim that Ethereum can even reach Bitcoin. Although we disagree with this statement, we also believe Ethereum is going to grow next year.
Litecoin may be much cheaper than Bitcoin or Ethereum, but it doesn’t fully reflect its market potential. For this reason, we think investing in Litecoin could be a huge opportunity for all clever business people. How come? First of all, it costs somewhat more than $100 so you don’t have to risk too much. Secondly, Litecoin has technical preconditions to become a global transaction network, which is more than enough to make you consider investing.
Bitcoin Cash has been doing well amid the price fluctuations as it has managed to stay above the $220-$230 significant support levels. The trading of the altcoin has increased as the price is moving upwards.
With 4th place in the market, Bitcoin Cash has gained the trust of a lot of users as it has reached this position in the market. Bitcoin Cash price can reach around $1500-$1800 level by the year 2020.
Another cryptocurrency with the potential to dominate the market is Ripple. It is worth barely $0.33 at the moment, but things could change quickly if Ripple becomes the official solution for banking infrastructure. Some reports say that Visa and Western Union might soon embrace Ripple as their under-the-hood technology, which is quite a big deal for this digital currency.
By the way, Download TRASTRA mobile app and get Free BTC, ETH, LTC, BCH, XRP wallets!
More News All Around the World
Bitcoin used to be synonymous with illegal stuff but now, celebrities of all stripes are turning on to what used to be the obscure money of choice for the internet’s black markets. That’s why the number of real crypto-enthusiasts among celebs is growing rapidly. We’ve picked a list of rich and famous who are really into cryptocurrency. They use crypto cards and bitcoin wallets and are not afraid to tell millions of their fans about it.
Before you can conduct a transaction and send crypto to someone else, you'll need to choose and set up a crypto wallet and accrue crypto by either receiving them from someone else, buying them, or mining for new bitcoins.
This is a story about a blogger named R.R. Hauxley, who used only 1 bitcoin to visit 18 countries from September 2017 till today. During his travels, Hauxley met with John McAfee and Vitalik Buterin, took 28 interviews with other famous personalities and met countless new people.