Some of the Best Crypto Currencies to Invest in are in my opinion Bitcoin, Ethereum and Litecoin, however there are other cryptocurrencies out there called Altcoins or Alternative Coins and today I am going to share with you which is the best Altcoins to invest in cypto.
Please note that this is not financial advice, investing in blockchain and digital currency comes with risk and just like with any other type of investment you need to do your own research or consult with your financial advisor, this is for information purposes only.
Ok, now that we have that out of the way, let’s see which are the best Altcoins to invest in 2020.
Cryptocurrency as a modern form of the digital asset has received a worldwide acclaim for easy and faster financial transactions and its awareness among people have allowed them to take more interest in the field thus opening up new and advanced ways of making payments. However, no only can this asset be used to send and receive online payments, it can be used as an investment or to day trade as it holds intrinsic value since there is a limited amount of coins in circulation which based on supply and demand it can cause prices to be volatile and move up and down, this creates opportunities to make profits with them.
With the growing demand of this global phenomenon more,new traders and business owners are now willing to invest in this currency platform despite its fluctuating prices however it is quite difficult to choose the best one when the market is full. Plus there are dozens of cryptocurrencies that you can pick from, many wonder which is the best Altcoin to invest your Fiat Money.
Should you invest in Bitcoin or Altcoins?
In the list of crypto-currencies bit-coins is one of the oldest and more popular for the last few years. It is basically used for trading goods and services and has become the part of the so called computerized block-chain system allowing anyone to use which has increased the popularity of them.
One of the most common questions that I get is which platform do you prefer to invest and trade in Bitcoin and Atcoins and so far I have used Coinbase, Coinbase Pro and Robinhood. So far I have bought and sold crypto with no issues and my deposits are safe and I trust both applications, if you are looking to invest in digital currency I recommend that you open an account today and start getting familiar, both have fees however it is worth it since they are low enough to not hurt your potential profits.
Common people who are willing to purchase BTC (Bitcoin) can use an online wallet system for buying them safely in exchange of cash or credit cards and in a comfortable way from the thousands of BTC foundations around the world and keep them as assets for the future. Due to its popularity, many corporate investors are now accepting them as cross border payments and the rise is unstoppable. As the popularity increases demand goes up which helps the price action.
For Bitcoin news check out: BitcoinChamps.com
Tons of Altcoins to pick from but here are some of the best
Let’s start with one of the best Altcoins to invest your cash and this is XRP – With the advent of the internet and mobile devices,information gathering has become quite easy as a result the XRP (also known as Ripple) financial transactions are accessible and its price is set in accordance with people’s choice and preferences thus leading to a profitable investment.
Recent surveys have also proved that instability is good for EOS exchange as if there is instability and political unrest in the country due to which banks suffer then investing in EOSIO can surely be a better option as it provides flexibility, public and private payments as well.
Also Maker transaction fees are pretty cheap and a more convenient technology for making contracts thus attracting large crowds. Maker can also be converted into different fiat currencies and is used for trading of securities, for land titles, document stamping, public rewards and vice versa, MKR describes itself as the “first unbiased cryptocurrency”.
Another advanced blockchain project is Band Protocol or BAND which has served much more than just a digital form of cryptocurrency and its popularity in the last few decades have allowed millions of people to hold wallets for them, Band Protocol is a cross-chain data oracle platform that aggregates and connects real-world data and APIs to smart contracts.
With the ease of the online world,the Zcash has allowed the retailers and business organizations to accept them for trading purposes, therefore, can serve as the future of the financial system. Also being an extremely private altcoin, Zcash can assists in collaborating the projects of various firms and industries thus increasing their privacy and security.
Be careful with coins that can go to $0 do your research!
Again unlike the $BTC in which is used for money exchanges in a digitalized network the Tezos coin can also be used for multiple applications besides financial transactions and do not require prior permissions from governments due to which people can use them with their portable devices which is why this is the Open Source altcoin of Crypto.
The price of Dash has also remained stable and it avoids the volatility of any third party intermediary such as lawyers or notary as the exchanges are mainly software based allowing the Dash to be one of the most cryptocurrency to invest in now.
As you can see, there are a lot of options for Crypto out there, each Altcoin has a specific purpose and use, not only can they be used as payment options, they provide a community of developers building cool and useful projects or they can be used to privately send and receive payments, others trade these coins or they can be used as long term investments, they are all great investments however you will need to determine what use and strategy so that you can benefit from the opportunity that these assets provide.