Today I’m going share with you 5 best cryptocurrency to invest in 2020 along with Bitcoin. If you’re new to crypto world and want to invest your money without taking too much risk then here will find safe bets to start with.
Bitcoin is a first choice of all investors who want to invest their money in cryptocurrencies. At the time of writing this post, one Bitcoin price has reached to $7834 (as of 24-02.2020 one BTC price has reached to $9911) which is indeed a remarkable growth after 2018 cryptocurrency catastrophic year. Probably in upcoming years, Bitcoin price would hit $50K or more but as its price is hiking it’s going out of the reach of small investors.
Though small investors could buy Satoshi, smallest unit of Bitcoin, but still they’re losing interest in Bitcoin and looking for Bitcoin alternative cryptocurrencies to invest their money. In this article, we’ll be discussing on Bitcoin alternative cryptocurrencies to invest in.
There are some cryptocurrencies out there those are evolving very rapidly and gathering attention of investors. Let’s take a look on 5 best cryptocurrency to invest in along with Bitcoin.
Coins that I am going to list here are, as of now, come under top 5 cryptocurrencies by market cap and these have large potential to give higher returns in the upcoming days. Some industry experts are speculating that next bull-run is on its way and it’s a great opportunity to enter.
For you information, many new Bitcoin whales have entered into the market which means it’s also right time for you.
Unlike stock market, cryptocurrencies are more volatile therefore one should do his proper work before entering into the market and same rule applies when you’re exiting.
If you’re new to cryptocurrency market then read our beginners’ guide on how to invest in Bitcoin. Also I would like to let you know that do a thorough research before investing your money in any cryptocurrency because till date cryptocurrencies future is uncertain; which means these are vulnerable to many risks.
Coming back to the point, read on to know top 5 evolving Bitcoin alternative cryptocurrencies to invest in.
Now we’re bombarded with cryptocurrency options. As of now, there’re more thank 2K coins and tokens listed on CoinMarketCap. In 2009, Bitcoin was invented and that time it’s the only cryptocurrency and now we have more than 2000.
Out of these 2K coins and tokens, many have potential to give higher and higher returns and one of these would become a strong competitor of BTC. For professional investors, it’s very easy to find one who can give higher returns.
But newbies investors should invest in a coin that is more stable and has good market share. These two factors can make your crypto invested more secure.
I am listing following coins on the basis of above mentioned factors because I want you see earning from your investment instead of losing due to FUD. Just to remind you many newbie investors had sold their coins due to FUD and media hypes back in 2018.
Many lost their life savings when BTC plunged 90 percent in December, 2018 (it is BTC’s basic nature, you can understand it better by seeing its value over time graph). Therefore I am suggesting you to do thorough research. Those who didn’t sell in 2018 still have hope.
The 5 best cryptocurrency to invest 2020
It is the first decentralized digital asset invented in 2009 that this world had seen. It’s the first global payment solution that does not require a central bank or body. Despite recent years fluctuations, it’s been busting the myths for example now world knows it’s not a bubble and has large potential to give you huge returns.
And of course has potential to change our traditional way of making payments.
With market capitalization $179.92 billion USD, Bitcoin becomes a leading cryptocurrency. It’s the crown of no. 1 digital asset. Since invention, BTC retains its number 1 spot.
If you’re willing to invest in a cryptocurrency then you must start with this. It will be your safest bet. As of this writing, Bitcoin is trading at $9911.
I strongly advise you to add this cryptocurrency to your portfolio. You should know that you can buy any portion of a Bitcoin. Here is definitive beginner’s guide on Bitcoin.
After Bitcoin, Ethereum holds largest market capitalization (more than $29.74 billion) in the cryptocurrency market. Everyone who invests in BTC also adds ETH to his portfolio. Yes, as compared to Bitcoin, its market cap is significantly smaller but still it comes in the second place when we arrange cryptocurrencies by their marker share.
Like Bitcoin cash, It’d been invented in 2016’s hard fork which had divided Ethereum into two blockchains: Ethereum and Ethereum Classic.
But now, with time, it’s gathering universal acclaim. Currently one Ethereum price is about $306.5 (in December, 2018, one ETH price was around $800) and its market capitalization is more than $32.5 billion.
As of now, it seems that ETH could give you higher returns in the future. Its price is significantly lower than Bitcoin, however, it’s a best Bitcoin alternative.
No doubt it’s the second best cryptocurrency to invest in.
Ripple AKA XRP
With $12.28 billion market capitalization, Ripple becomes third largest cryptocurrency network. Currently one Ripple price is around $0.28. I’m adding XRP to my best cryptocurrency to invest in picks because of its popularity and company behind it, who is doing remarkable slog over to make it world’s preferred payment method.
There are more than 2000 cryptocurrencies out there therefore we picked best cryptocurrencies on the basis of two parameters and one of them is market cap which indirectly or directly shows interest of investors.
XRP perfectly fulfills our eligibility criteria to fix its support in our best cryptocurrency to invest in list.
Ripple could be a best cryptocurrency for you to invest and of course it’s a Bitcoin alternative for you; if you want to buy cryptocurrency in large amount.
Investors who bought Bitcoin in starting have earned 1000 times of margin, you can also try your luck with Ripple because as of now its price is very lucrative.
But remember one thing that time Bitcoin was the only cryptocurrency but now you’ve more than 2K.
Personally, I also see good returns opportunity in this coin.
Bitcoin Cash (BCH/BCC)
Next best cryptocurrency to invest your money is Bitcoin Cash. With a vision to lower the fees and for reliable confirmations, Bitcoin Cash was invented. Bitcoin cash is a result of Bitcoin hard fork which divided Bitcoin into two separate blockchains: Bitcoin and Bitcoin Cash.
In the month of October, 2018 Bitcoin cash price surged dramatically by 50%, though after some time it slipped little bit. Many new investors do not understand that Bitcoin and Bitcoin Cash are two different cryptocurrencies.
If you’re one of them then I want to let you that these are two different virtual currencies and you can separately invest in them.
With more than $7.3 billion market capitalization, Bitcoin Cash becomes fourth-largest cryptocurrency. Also there’re rumors out there that it’ll reach to second position soon.
Of course you can consider it as a Bitcoin alternative cryptocurrency. As of this writing, one Bitcoin Cash cost is approximately $409.6. Currently only a few exchanges have supported Bitcoin Cash and hopefully in the upcoming days it will get nod from other top exchanges too.
Litecoin is a peer-to-peer and open source software based decentralized cryptographic asset. Just like Bitcoin, there’s no central body to manage the transactions, all transactions happen on standard open source cryptocurrency protocol.
Its transaction cost is significantly lower than other cryptocurrencies’ transaction charges. $7.4 billion market cap helps it spot fifth place when we make a list of cryptocoins.
Litecoin was launched in 2011 and since then its price has been gradually growing, as of now $119.8. You could consider it for good returns.
It managed to get in this list by replacing our recent suggestion Dash (it’s still not a bad option but here we try to keep you safe from risks as much as possible). This cryptocurrency is tailored to handle large scale applications.
Many decentralized coins could not handle large scale of transactions at the same time but EOS can easily do so.
What is more good about this coin is that there are no transaction fee. Network lets you send or receive coins without paying anything. Miners who help to complete the transactions get new EOS coins in rewards.
EOS is also a decentralized open source peer-to-peer cryptocurrency. Dash was released in 2018 and since then it’s been performing well. It’s $5.5 billion market cap and right now one EOS coin price is $5.9.
There is no doubt Bitcoin is still at number one position and you could consider it as a best cryptocurrency to invest.
However, I’ve come up with above Bitcoin alternatives to show you there are some other virtual currencies that you should also consider; who knows in the future they’d perform better than Bitcoin.
As mentioned in the beginning, there are more than 2000 cryptocurrencies exist. I’ve picked these cryptocurrencies considering current scenarios. I keep updating this list of coins.
If you own some coins and storing them on an exchange then for your information this is the worst mistake you can make when it comes to your coins security.
I firmly suggest you buy hardware wallet to safeguard your coins. Hardware wallets are, as of now, safest and easiest way to store cryptocurrencies.
Recommended hardware wallets:
Read this post, ‘How to store cryptocurrencies safely?‘
Disclaimer: This post is for information purpose only. Don’t take this information as an investment suggestion. As you may know cryptocurrencies are highly volatile therefore invest in them on your own risk.