The Best Cryptocurrencies to Invest in for 2020
Digital currencies are gaining in legitimacy and popularity every day. When compared to fiat, crypto offers faster execution, lower fees, as there are no banks or other middlemen and greater transparency, since the blockchain publishes a record of all transactions. As an investment proposition, they are hard to beat. Cryptocurrencies offer a great way to diversify your portfolio and mitigate exposure. They also offer high liquidity, enabling you to buy and sell on the crypto exchanges 24/7. In addition, fractional investment opens the door to investing to average people, for whom high minimum investment sums present a major barrier to entry. It is therefore no surprise that today, cryptocurrencies are among the world’s best performing financial assets.
These days, with literally thousands of coins to choose from, deciding which cryptocurrencies to invest in can be incredibly hard. To make your life a little easier, we’ve compiled a list of some of the most popular, successful coins in 2020. We will also be providing another perspective, looking at why getting in on the ground floor with a lesser known coin and choosing a new cryptocurrency to invest in might actually be the best choice for crypto investors right now.
Investing in a Proven Success
Before you choose which cryptocurrency to invest in, your first step is to go to CoinMarketCap and get the coin’s key market metrics. You need to check its market capitalization, a calculation of the cryptocurrency’s price multiplied by the amount of coins in circulation. This will give you a strong indication of its current market value. To get a sense of the demand for the coin and its price direction, check its trading volume. A heavily traded coin with a high liquidity level can be sold quickly at market price with no difficulty.
All these metrics are incredibly valuable in helping you determine which coins are currently at the top of their game.
The Most Popular Coins Currently on the Market
Obviously, any serious discussion of which cryptocurrency to invest in for 2020 has to start with Bitcoin (BTC), the world’s most popular and recognized currency. The original coin has dominated the crypto markets since day one. While it has been known to experience intense volatility, it just keeps growing and will continue to enjoy a sky-high liquidity level.
Another major player, not to be ignored in 2020 is Ethereum (ETH), possibly the world’s most influential cryptocurrency, with a powerful network and thousands of projects on its blockchain.
Then of course, there is Ripple (XRP), offering an affordable currency, promising payment solution technology, profitable partnerships and growing popularity. Litecoin (LTC) is equally well-priced and technologically sound and has also been experiencing rapid adoption.
An honorable mention should also go to both Neo (NEO), often called “the Chinese Ethereum” and Stellar (XLM), which enables decentralized cross-border transactions, another open source- comparatively cheap cryptocurrency to invest in.
All of these are great options for investors looking for a proven coin with strong market capitalization and a high liquidity level. Yet, the really exciting opportunities for 2020 are those coins that haven’t yet hit it big, enabling early adopters to buy in cheaply. If you dream of being one of the lucky, prescient few to get in on the ground floor of the next Bitcoin then the best cryptocurrency to buy right now is one that is quietly and steadily building a reliable reputation for offering value-added products and services to a growing user-base.
What to Look for in a Cryptocurrency
Sadly, the crypto world is in many respects still the Wild West with regards to regulatory oversight, as this new emerging asset class is evolving rapidly, while governments struggle to catch up. So, if you want to become an early adopter of an as yet unproven coin you need to choose one from a licensed and regulated company with a clean reputation. When deciding which cryptocurrency to invest in the data security of the platform is also critical. Too many coins have been lost without a trace, taken down by hackers, because the platform security was full of holes.
Obviously, a company is not going to go the distance, if it does not innovate and meet a market need, so pick which cryptocurrency to invest in based on the quality of the technology. Products and services that don’t offer added value won’t last and the coin will be quickly forgotten, no matter the hype. On the other hand, a token for a company that serves a useful purpose with smart tech behind it will grow in popularity adding to the liquidity of the platform and driving up the value of the coin.
When deciding which cryptocurrency to invest in, you want a well-established company with a stellar record of global growth that will mitigate your risk, while simultaneously driving profits. Here at ArbiSmart, we provide an exciting opportunity to get a slice of what is shaping up to be a very lucrative pie. We provide an EU licensed crypto arbitrage platform that offers a generous revenue stream with minimal exposure.
Crypto arbitrage is widely considered to be one of the lowest risk forms of investing. It involves exploiting the fact that, for a brief period, a cryptocurrency can be available at different prices across a number of exchanges at the same time. A profit is generated by using an automated system to identify these temporary discrepancies. The system will then buy the coin where it is being offered at the lowest price and then instantly sell it on the exchange where it is available at the highest possible price before the price difference resolves itself.
The client simply needs to sign up and fund their account with crypto or fiat, which is automatically converted into RBIS, ArbiSmart’s native token. The funds are then used for crypto arbitrage trading and account balance can be withdrawn at any time in crypto or euro. Depending on the amount they deposit, the investor can earn anywhere between 10.8% and 45% profit a year. Although the RBIS token is not yet listed, in the 18 months since its introduction it has already risen in value by 120% and over the next 18 months, it is projected to go up by 3,000%, providing exceptional capital gains.
While RBIS is yet to enter the exchanges, ArbiSmart has proven itself to be a solid investment. The company is EU licensed, adhering to the strictest regulatory requirements and has an outstanding online reputation. Moreover, it has experienced steady global growth, due to its industry-leading profits and continued development of new financial products, such as the ArbiSmart wallet, which offers unmatched interest of up to 45%.
When it comes to which cryptocurrency to invest in for 2020, our advice would be to diversify. A healthy portfolio is varied and with over 5,000 altcoins out there to choose from you can cover all your bases, benefiting from the safety of a proven success as well as the profit potential of an promising up-and-coming coin.