_edited.png)
2020 is a complete reality check for many people around the world. Due to the coronavirus, the financial market for many companies and businesses has either collapsed or has been inconsistent. People are now becoming wiser when it comes to investing and those who never looked into investing in stocks are now turning their heads to various stock markets, including Cryptocurrency. If you are a beginner or planning to invest in Cryptocurrency for 2020 and just don’t know where to start, then you’ve come to the right place. In this article, we will introduce the top 5 cryptocurrencies to invest in and why 2020 is the best year for investment. It can be overwhelming when you're new to Crypto, that’s why we are here to guide you and give you all the information you need to get you started. First off, you must be wondering what is Cryptocurrency? A cryptocurrency is a new form of digital asset found across a large network of computers that allows you to secure payments virtually. In place of a physical coin, crypto is represented as virtual “tokens”. Use of blockchain innovation to achieve a decentralized, transparent, and stable form of digital currency. The most significant element of digital currency is that it isn't constrained by any authorities: the decentralized idea of the blockchain makes cryptocurrency forms of money hypothetically safe to the old methods of government control. In fact, cryptocurrency transfers can be done with minimal fees to help avoid the high fee charges made by traditional banking In this article, we are going to tell you everything you need to know about the top 5 currencies to invest in in 2020. Also, it will give you a better understanding of what top 5 Crypto and why you should consider investing in them. 1. Bitcoin
André François Bitcoin was invented by Satoshi Nakamoto, the unknown inventor of Bitcoin back in 2008. To date, Bitcoin is the most commonly used cryptocurrency and the largest and oldest coin in the world. If prices fall for any reason, altcoins will follow. Many transactions are prepared every day. Bitcoin is consistently base money on trades and will remain so until further notice. Crypto can't manage without Bitcoin right now, that is why it is positioned to be the number 1 coin of 2020. Oftentimes when people think of Crypto, they think of Bitcoin. It is definitely the most popular coin, and many investors have heavily invested in Bitcoin. If you are a beginner, Bitcoin is the best currency to invest in. You will have no issues with buying and selling Bitcoin. There will always be someone to buy your coin and not only that, Bitcoin is one of the most transparent and stable currencies at the moment. The future of Bitcoin is definitely bright. 2. Litecoin
Another stable investment would be Litecoin, as it is forecasted to explode this year for its large market capitalization and liquidity. It is better to go with stronger Cryptocurrencies (such as Litecoin) instead of wasting time and investments on smaller coins. All things considered, there's a restricted stock of 84 million coins (compared with Bitcoin 21 million). Compared to other cryptos, Litecoin is definitely on a high rise. Normally, the time frame of the block square on the Litecoin blockchain is roughly two minutes, which is surprisingly quicker than most cryptos. This is the same way that Litecoin became one of Coinbase's four major currencies. Many experts believe that Litecoin will definitely continue to be one of the altcoins that remain strong in the future. 3. Ethereum
Clifford Photography Ethereum is the second-largest digital currency to invest in. Basically, it is the future of the digital world. Anyone around the world can have access to digital currency and it can be used in any location, as long as you are connected to the internet. It is a decentralized source blockchain that allows users to launch desktops and applications. This implies you can approve of purchasing or selling Ethereum. All you need a wallet to get started. One more motivation to accept that Ethereum will remain strong in the years to come. Giving Ethereum a great possibility of staying steady and just expanding in an incentive over the long haul. 4. BAT (Basic Attention Coin)
The BAT is a digital coin that is run by Ethereum and it was launched in 2017, by Brendan Eich a co-founder of Brave Software, creator of JavaScript, and co-founder of Mozilla (Firefox). Just within 30 seconds, they were able to raise the fund of approximately $35 million. Fundamentally, the BAT coin removes the positioning of a middleman, allowing the ads to run more effectively, by directly paying the viewers to simply click and watch the ads. Making it a win-win profit for the viewers and the publishers. To use the BAT, the internet browser named Brave is needed which will then be created by the developers of the BAT team. It all depends on the agreements, the sponsors send promotions to the users to unlock the ads with a specific token. Once it is viewed, the users will get part of the token payment. 5. NEM (New Economy Movement)
Compared with other tokens, NEM is not only a cryptocurrency but also very attractive to young audiences who want to invest. One of the reasons is that it has a fast transaction processing speed because it only takes six seconds to complete a new transaction, while the entire process only takes 20 seconds. Also, NEM is a platform that isn’t just a build-in app but allows users to build their own applications. Another advantage of NEM is that it utilizes 100 times the capacity of other currencies such as Bitcoin. The developers of NEM have big plans and are working towards revolutionizing many areas. Warnings and securities
Without wallets or securities, buying the best cryptocurrency is simply a waste. Many investors forget to turn on their 2-steps verifications and not owning the right wallet. Numerous investors have seen their crypto venture reach an end-point since they did not give enough consideration to security. If this is truly an important area of your investment, then we highly recommend investing in strengthening your security. In the end, it all comes down to your personal preferences. 2020 is the year to invest and we encourage you to do your research first. Writer - Gargie Kejriwal www.fromylens.com