Best cryptocurrency to invest in right now?

Many people will argue that cryptocurrencies are the future of finance. While that future might be years away, it’s certainly not a crazy statement to make. Digital currencies offer multiple advantages compared to traditional fiat money, such as lower fees, transparency and transaction speed.

When looking at cryptocurrencies from an investor’s perspective and wonder “why should I invest in cryptocurrencies?”, there are mainly 5 reasons to consider:

Amount: fractional investment reduces the minimum investment barriers so that nearly everyone out there can purchase cryptocurrencies.

Liquidity: cryptocurrency exchanges are open 24/7 so that you trade, buy and cash out your assets anytime.

Transparency: the blockchain records all transactions, available to everyone around the world. This provides an ultimate level of transparency for investors.

Diversification: the large number of cryptocurrencies out there enables you to easily diversify your portfolio in order to mitigate risks.

Fees: digital currencies offer lower fees compared to traditional investments assets.

Which Cryptocurrency To Invest In?

Now that you understand the benefits of investing in cryptocurrencies, check out the list of the best cryptocurrencies to invest in 2020. This list is based on the potential of these cryptocurrencies to show sustainable growth in the months ahead and as an investor get an increase on your cryptocurrencieswithin a short period of Four(4)days.

Bitcoin (BTC)

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.

Ripple (XRP) – Best Affordable Cryptocurrency To Invest In

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 networks.

Remittance 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 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 a higher adoption of XRP and therefore its price will increase significantly.

Litecoin (LTC)

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 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 than 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 to regular ATMs in South Korea through a partnership with MeconCash.

Ethereum (ETH)

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.

Neo (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.

Stellar (XLM)

Stellar is one of the popular projects out there. And it’s been around since 2014, meaning its development is ongoing and it only keeps getting stronger. With a price that’s counted on cents, it’s also among the most affordable cryptocurrencies to invest in.

Stellar — an open source, decentralized protocol for cross-border transactions — launched with a network consisting of 100 billion stellar tokens. Tokens are now called Lumens or XLM tokens.

The ultimate goal of Stellar is to replace the SWIFT system, disrupting the global money market. Through XLM tokens, the Stellar network enables cross-border transactions between any currency pair. One distinctive characteristic of Stellar is that it serves as a backbone for other cryptocurrencies. This gives Stellar a huge opportunity to further develop itself and scalate.

Cardano (ADA)

Cardano is one of the newest kids on the blockchain. Launched in 2015, this technological platform aims at becoming the home for large scale financial applications. The decentralized ecosystem runs on ADA — its own cryptocurrency.

As most cryptocurrencies, ADA is designed to be a fast and reliable vehicle for value transfers. The Cardano network is built on layers, which offers a high degree of flexibility when it comes to updates. Since Cardano also allows the development of dApps, the cryptocurrency community expects multiple services to develop around it and therefore push ADA higher.

Cardano relies on a strong community of tech-forward people. The company has even partnered up with the University of Malta to offer multiple courses on the programming languages used within the Cardano network.