Okay, so you’re probably thinking about expanding your crypto portfolio, right? Well, If you have any plans to invest in the crypto market this year, we have good news for you! According to many crypto enthusiasts, 2020 is going to be the best year to invest in cryptocurrencies 😄
Please note this is merely an opinion as stated in our disclaimer at the end of this article.
What cryptocurrency should I invest in?
When it comes to deciding what cryptocurrency to invest in, it can sometimes be extremely difficult to decide given that there are hundreds if not thousands of different cryptocurrencies.
It’s difficult and time-consuming to do your research and sort the worthy ones from the not-so-worthy ones.
Well, that’s where we come in 😃 Below is a list of 5 cryptos we think are worth keeping an eye on in 2020!
Put your money where your mouth is 😄
Ultimately, there is no single cryptocurrency we can point out as the best of the best. Many cryptocurrencies offer quite attractive opportunities for investment, depending on what you’re looking for and what your investment goals are.
Another thing to consider is the level of experience you have. For instance, some cryptocurrencies might be a good investment for beginners, while others are suitable for more advanced crypto traders. Which are you?
Obviously Bitcoin is on the list. When talking about the hottest cryptos to invest in right now, cryptocurrencies in general, and smart crypto investments, all discussions should start with Bitcoin.
Well, Bitcoin is the most used cryptocurrency to date, often referred to as “the king of cryptocurrencies”. The main goal of Bitcoin is to become a global, peer-to-peer, digital cash, which is detached from any form of regulation and thus fully decentralized.
Okay, so why should you keep Bitcoin on your investment radar? It has the highest liquidity in the crypto space, which also makes it the best cryptocurrency to buy if you are a beginner. 😄
Ultimately, you will have absolutely no trouble buying or selling Bitcoin using ChainEX.
There will most likely always be someone on the other end ready to match your order. Plus, Bitcoin is also known to be one of the most stable cryptocurrencies, despite its volatility. 😄
One of the main reasons to consider investing in Litecoin this year is its high liquidity and a large market cap. If you want to avoid or rather limit risks, stay away from coins with smaller market caps and communities, and go with cryptocurrencies like Litecoin.
But… why Litecoin?
Well, there’s a limited supply of 84 million coins (in comparison to Bitcoin’s 21 million) and a block reward of 25 LTC. This is a high block reward compared to other cryptos. AND the average time to mine a block on the LTC blockchain is approximately two minutes, which is also faster than most other cryptos. 😄
Yeah, you can’t go wrong investing in Ethereum in 2020.
Ethereum was the first major project to introduce smart contracts, allowing developers to launch desktop and mobile decentralized applications on the back of blockchain technology and has remained one of the top ten cryptocurrencies in 2020. 😆
Ethereum is the second most liquid cryptocurrency, ranking right below Bitcoin. This means that you will have no issues with buying or selling Ethereum on ChainEX.
When it comes to market capitalization, Ripple (XRP) comes in third place, right after Bitcoin and Ethereum.
The concept and goals of Ripple are a little different than the rest of the cryptocurrencies on this list though.
Ripple is a venture-backed start-up that offers financial settlement services to banks which allow them to make transactions directly and instantly across national borders.
The reason we think Ripple will definitely explode this year and in the years to come is the fact that due to its institutional support and being safe from SEC regulation, XRP will surely remain a powerhouse among the cryptocurrency community. 😄
A lot of people who have addressed the shortcomings of the Ethereum network are already shifting their investments to EOS.
Investors are also praising the many technological advantages of EOS, including the fact that the platform performs much faster than Ethereum and Bitcoin and is more scalable.
Another reason why EOS might attract your attention this year is the huge and very enthusiastic community. On top of that, EOS completed a successful token sale and has acquired the capital it needs to develop to its full potential in the years to come. 😅
What’s next? Where do I sign up?! 😃
So you’re sold. You know what getting involved in crypto could potentially mean for your life. You’re excited and want to start immediately 😄 Well, you need to find a reliable and honest cryptocurrency exchange to partner with.
But we’ve got you covered. ChainEX is a South African digital asset exchange that provides a platform for South Africans to buy, sell, or trade a variety of different digital assets using the South African rand as the default fiat-buying currency.
And…. ChainEX has all the coins we mentioned in this article listed on their marketplace!
ChainEX provides you with a secure, online platform from which you can purchase and trade with different digital assets.
It pays to have friends. Literally 😅
Not only do we provide a platform for you to trade, but we also reward you for the people you refer!
We not only want you to succeed at ChainEX, but we also want you to impact those around you and potentially build your own crypto trading business, we’ve built the platform to allow you to invite and refer your friends and family to the platform and earn when they trade! For a complete guide on how the system works, read the ChainEX article on it. 😜
Get to know ChainEX
All content and topics covered are mere opinions and do not constitute investment advice. Trading and investing in Bitcoin carries a high level of risk. We do not assume any responsibility for actions taken upon reading any of our articles. CDMM is not a financial advisory firm, nor are we an investment manager.