Cryptocurrency has changed the way people make investments. In the past few years, the number of people investing in and trading digital money has drastically increased, and so is everyone’s interest in this new kind of money that promises secure and transparent P2P transactions.
But, before you invest in cryptocurrencies, you should know that the crypto market is still very volatile, as the demand-supply scale is hardly in balance and most of the governments around the world still seem reluctant to accept them as an authentic form of currency.
But, that doesn’t mean that you should not invest in this market. On the contrary, crypto investments have yielded some of the biggest returns in the last few years, and the trend is only going to get better in the coming year, if the statistics are to be believed.
If you are planning to invest in crypto this year, here are the top 6 high-potential cryptocurrencies you should look into.
Titan Coin
Titan coin is a digital payment currency that aims to make global digital money transfer easy, secure and affordable for everyone. With titan coin, you can make instant digital payments, no matter where you’re in the world.
Titan is an asset coin, which you can trade in exchange for other cryptocurrencies as well as products/services with certain merchants. One of the best things about titan coin is the presence of extensive use cases in the form of a number of titan projects or applications, which makes it one of the best coins to invest in now.
Bitcoin
Bitcoin is certainly one of the best coins you can invest in today and ever. It’s the market leader in cryptocurrencies and also the one with the highest market cap. However, one thing you should know about bitcoin is that the coin price is very unstable and may change abruptly anytime, as you can see the past three-year records.
If you invest in bitcoin, invest only what you can afford to set aside for a considerable period of time.
ETH
Ethereum was the first coin that introduced the public blockchain with the concept of DApp (decentralized applications), i.e. the apps that can be developed on the blockchain technology. The primary difference between Bitcoin and ETH is the variety of applications or use cases. Having a large number of use cases and ever-increasing demand, ETH is certainly one of the best BTC alternatives to invest.
Litecoin
Litecoin, or LTC, is another popular cryptocurrency that is slowly but steadily making its way to the list of the top digital currencies of all time. LTC has a high potential to grow, as we have seen in recent years. It’s also backed by multiple use cases in the form of digital, peer-to-peer money transfer. The best benefit of investing in Litecoin is that it’s cheaper than BTC or ETH, and you can buy a lot for a little price.
Ripple
Ripple, or XRP, is a “digital asset built for global payments,” which, same as most other cryptocurrencies, operate on the blockchain technologies. It provides a means for fast, low-cost global payments via its peer-to-peer blockchain. One of the best things about the Ripple coin is the ability to source instant liquidity, even in hard-to-reach markets. Ripple is one of the lowest price cryptocurrencies in our list and certainly a fair place to put your investments this year
Tether
Priced at $1 at the time of writing this article, Tether is one of the fastest growing cryptocurrencies of our time. The thing that makes Tether different from other cryptocurrencies in this list is its unique concept of bridging the gap between digital and fiat currencies by providing a means for converting cash into digital money for holding (tethering) its value.
Invest in the cryptocurrency for the huge potential it holds to continue to grow in 2020 and beyond.
As you may have noticed, most of the cryptocurrencies we mentioned here are digital payment currencies, because such currencies are high in demand and may have great future applications, depending on features.
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Topic: top 6 cryptocurrency , Invest in 2020 (Read 7502 times)