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What are the top cryptocurrencies to invest in 2020 – Get complete details on latest cryptocurrencies here
Since Blockchain evolved to be one of the most feasible technology, we have countless options in the cryptocurrency list to invest. Some are proving beyond expectation while some are majorly disappointing. Most surprisingly, the top 10 cryptocurrencies to invest might not be very popular or common to all the traders.
Before thinking of investing, it’s very crucial to understand their features and potential in the long turn. For that, following their move is equally important. Just like real estate investment and significant investments, you can’t just rush into any decision.
For a simple example, let’s consider Bitcoin, the most heard of cryptocurrency, which a layperson might also have heard of, because of it being in the limelight for quite some time. In 2020, BTC surged astronomically upward, after which it fell so low, which was beyond anybody’s imagination. Now, it’s struggling hard to rise again. But as predicted by the market leaders, 2020 is going to be the year that is incredibly going to change the picture from bearish to bullish. Now that it’s a new year with lots of expectation around the corners, You must know how to invest in cryptocurrencies and what are the prelims before investing.
Before making any investment decisions, we should be answering these questions to ourselves:
- Are you having any planning of selling after it reaches a peak price?
- If yes, do you want to sell it all at once or gradually?
- Is there any factor that might affect your decision and you sell it off abruptly?
- What is the maximum amount of loss which you can bear?
- How optimistic are you about making profits?
- Do you follow the market news on a regular basis? If you’re not keen on that, you mustn’t invest.
Based on these answers, you should figure it out whether you want a long-term investment or a short-term investment in cryptocurrencies.
Knowing which cryptocurrency to invest in might prove to be a difficult task for you if you’re not updated on the performance of the cryptos. You can’t make investment decisions based on emotional judgments. There are several metrics used to calculate the best currency to invest in. In a matter of time, cryptocurrencies can jump up or down the ranking order, as recently happened with XRP(which replaced ETH and grabbed the second position).
Bitcoin (Bitcoin price $3437.30) and Ethereum (XRP price $0.305224) are indeed the top cryptocurrencies to invest but let’s have a look at the 10 new and emerging cryptocurrencies of 2020:
So, what are the top cryptocurrencies to invest in 2020?
#1 Zcash (ZEC)
Even if Zcash is predominantly new to the market, it has covered several grounds in such a short span. The CEO, Zooko Wilcox-O’Hearn is forward-thinking and continuously plans for growth and expansion strategies. At the moment, Zcash has around 21 million coins in transactions. Investment in Zcash is easy as you can enjoy a certain level of anonymity and can get the detailed report of the transactions you’ve carried out, hence making it one of the best cryptocurrencies to invest.
Zcash Price for today is $79.91. Its current circulating supply is ZEC 6,723,069 with a market cap of $537,258,522. You can convert ZEC to BTC at best rates from CoinSwitch.
#2 Dash (DASH)
Digital Dash should be included in top cryptocurrency list when it comes to investment opportunities. Although it was created in 2020, its market capitalization hit $2,036,525,273.Within this short span, they have consistently handled about $100 million worth of transactions daily as they are safe and secure. DASH is one of the best cryptocurrency to buy right now.
Dash Price for today is $146.10. Its current circulating supply is DASH 8,857,711 with a market cap of $1,294,142,348.
#3 Neo (NEO)
Two names always pop in our minds when we talk about blockchain and innovation- Vitalik Buterin and Da Hongei. The former as we know is the creator of Ethereum, wherein the latter is the creator of NEO coin. The NEO technology is underpinned by a Delegated Byzantine Fault Tolerant system, which adds sophistication to the system. Its improved proof of stake tech makes it one of the best cryptocurrencies to invest in.
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By now, you might have got a fairer idea of the cryptocurrencies which will be good for investment in 2020. As stated earlier, investment is a risky process so it shouldn’t be rushed. You should always take investment decisions in a logical manner.
NEO Price for today is $12.43. Its current circulating supply is NEO 70,538,831 with a market cap of $876,507,478.
#4 Steem (STEEM)
Steemit, the blogging, and social media platforms have decided to venture into cryptocurrencies. Activities like writing blogs and comments will award tokens to the writers. This token can be used for payment of other things on the platform. This is booming as more and more budding writers are showing their interest in this social media creative writing enabler.
Steem Price for today is $0.411964. Its current circulating supply is STEEM 318,079,459 with a market cap of $131,037,435.
#5 Cardano (ADA)
Cardano is the distributed computing platform that implements blockchain technology for the ADA coin. As a decentralized blockchain platform, Cardano is an entirely open-source cryptocurrency project. Cardano is also the first cryptocurrency platform, based on the Haskell code, an industrial product used for mission-critical systems. Cardano is one of the cheap cryptocurrency to invest right now.
Cardano Price for today is $0.083503. Its current circulating supply is ADA 25,927,070,538 with a market cap of $2,164,988,406.
#6 Tron (TRX)
In spite of its occasional increase, Tron is attracting more and more investors. The reason is that most of the investors are realizing its potential in the upcoming months. Buying when low is the holy grail in the cryptocurrency bible. Launched by Justin Sun, Tron is set on a decentralized platform. Fast and secured transactions can be made with the help of this currency. The main motive is to promote and support the entertainment industry which enables all the users to upload and download various types of media without the intervention of third parties like Google Play Store and other middlemen parties.
TRON Price for today is $0.031423. Its current circulating supply is TRX 66,682,072,191 with a market cap of $2,095,379,228.
#7 Nem (NEM)
Nem is different from other cryptocurrencies because of two main reasons. You harvest instead of mining as is the case for other cryptocurrencies. The other concept is proof-of-importance to determine who harvests the next block. NEM transactions take around 6 seconds to show up and 20 seconds to confirm. NEM is incredibly scalable which takes about 3000 tx/s where BTC is bogging down at 4 tx/s. Another advantage is that the transaction cost is ultra low, around .01% fee. So you need a penny to send $100 or 10 cents to send $1000.Isn’t that awesome?
Last, but not the least NEM uses 100x less power than BTC to run a node or harvest.
NEM Price for today is $0.084553. Its current circulating supply is XEM 8,999,999,999 with a market cap of $760,977,582.
#8 Binance Coin (BNB)
Binance is not only the world’s largest cryptocurrency exchange but its the name of a coin, too. BNB falls under the top 30 cryptocurrencies in the world by market cap. Binance has high liquidity and one of the assets which are superior in cryptocurrency trading. BNB offers great prospects in the long run as it increases steadily at times of turmoil, too. Since it has added 15 new tokens, it has seen around 50% adoption after that.
Binance Coin Price for today is $31.62. Its current circulating supply is BNB 141,175,490 with a market cap of $4,463,586,092.
#9 0x (ZRX)
0x is the latest and trending cryptocurrency that is grabbing the attention of the traders and investors. It is a decentralized exchange of ERC20 tokens and the users can directly place the orders from their Ethereum wallets. It allows much greater liquidity as compared to the other cryptos, so anyone using the protocol can access orders from anyone else. ZRX was in the news when Coinbase announced to list it the first ERC-20 token on its platform.
0x Price for today is $0.332269. Its current circulating supply is ZRX 597,577,999 with a market cap of $198,556,859.
#10 Ontology (ONT)
Ontology is a high-performance multi-chain focused on the creation of interoperable blockchain channels. Ontology is looking forward to an ambitious roadmap for the upcoming years. Ontology’s meteoric rise up the market capital makes it all the more interesting to watch their main net launch and other developments play out in the third quarter.
Ontology Price for today is $1.44. Its current circulating supply is ONT 494,757,215 with a market cap of $714,554,109.
Frequently Asked Questions (FAQ)
1. Which is the best cryptocurrency to invest in 2020?
We have mentioned the top cryptocurrencies you can consider while investing. You can choose any of these.
2. Which crypto has the most potential?
The above-mentioned cryptocurrencies have a lot of potential to grow and succeed in the future.
3. Is it safe to invest in cryptocurrencies?
There are millions of cryptocurrency investors across the world and most of them have profited from it.
4. How many cryptocurrencies are there?
As of October 28, 2020, there are 3047 cryptocurrencies as per the coinmarketcap.
5. What is the cheapest cryptocurrency?
There are many cheap cryptocurrencies, which is available under 1 USD, you can find the list here.
Is it worth it to invest in cryptocurrency?
Cryptocurrencies are the money of the new millennium. Every Internet user is well acquainted with this phenomenon, and the one who learned about cryptocurrency for a long time, for sure could earn a fortune from a crypt. For example, the very first and most important Bitcoin cryptocurrency since 2009 has increased in price billions of times! The rate of BTC by 2020 is 6.5 thousand dollars.
Modern cryptocurrency market
Today, in addition to Bitcoin, there is a huge amount of cryptocurrency on the Internet – new ones appear every day, and some, on the contrary, disappear, after collecting money from investors selling their tokens. The most reliable cryptocurrencies hold leading positions in the top of digital money. In addition to Bitcoin, these include:
By the way, once these coins cost mere pennies and were even distributed free of charge. For example, the Ethereum team, before launching its network, conducted a large-scale ICO (initial placement of coins) with a bounty program. It was possible to get a few coins for registering on the platform and performing the simplest actions on social networks (reposts, retweets, etc.). To date, the cost of one Ether is $ 210, and last year this figure did exceed one thousand dollars.
With the advent of cryptocurrency, users of the worldwide network have the opportunity in a short period of time to make a profit of several hundred percent. However, the industry also had a dark side – under the guise of cryptocurrency activity, criminal schemes were launched to take money from unsuspecting users.
What is the meaning of cryptocurrency and how to earn on it?
Why do we need cryptocurrency? The creator of Bitcoin, Satoshi Nakamoto, who disappeared from the field of view of industry participants several years ago, laid a special meaning in his creation. Bitcoin was supposed to be an alternative to fiatnom money, which have many drawbacks.
The developers of new cryptocurrencies largely repeated the principles of Bitcoin, while improving their platforms. In some developed countries, it is already possible to pay for a crypt in a store or cafe, but a full replacement of real money with digital money is not the case yet. To a greater extent, cryptocurrency became interesting to the public as a speculative tool.
The essence of earning on virtual assets is simple – it is cheap to buy a crypt and sell high. In the end, absolutely all currently known cryptocurrencies once cost hundreds of times less relevant courses today. When the market of digital assets relatively stabilized, in the first ten of the most expensive cryptocurrency in terms of capitalization, x-ray takeoffs began to occur less frequently (price increases of several (X) times).
But from time to time new “stars” appear on the crypto arena – coins, about which only a few months ago, few have heard. Only a small group of investors skims, selling assets that have risen in price. Or it does not sell, but continues to keep the crypt in price in the hope that it will grow further.
The difficulties of the cryptocurrency market
Many of us would like to be among those “chosen ones” who buy promising cryptocurrency for nothing. But in reality everything turns out differently, statistics are disappointing – about 75% of ICOs do not have a continuation in the form of launching a full-fledged cryptocurrency. Moreover, most of those that still started, do not rush to go up. However, the existing cryptocurrency can always be spent on paying for the services offered by the creators of the crypt.
We have not for nothing mentioned the availability of services on the basis of a cryptocurrency platform – often they are evidence that developers offer a real product, and not a fiction to collect money. After all, as you know, in the world of cryptocurrency everything rests on trust. Therefore, we strongly advise against investing in new cryptocurrencies, whatever the promises of their developers. At least, not well understood the topic.
Recently, a story appeared in the media of a young man from the United States, who invested $ 5000 in Ethereum and earned 800 thousand. But on this he did not calm down. Apparently, believing that he is an expert in this field, he bought several dozen unknown cryptocurrencies and waited for his investments to turn into millions of dollars. But the result was deplorable – almost all cryptocurrencies turned out to be scam, among other things, the guy owed a large amount of taxes for such a high cash flow.
As you can see, with the development of the industry to earn on cryptocurrencies quickly and a lot is becoming increasingly difficult. The market has already experienced its peak, and even its most important representatives (Bitcoin, Ethereum) are not in the best condition. Over the past six months, Bitcoin has traded in the range of $ 6000-8500, not consolidating during takeoffs, and Ethereum has completely dropped from $ 700 to $ 200.
But do not write off these cryptocurrencies. They have not yet revealed their full potential, so it is quite possible that they will still break through new highs. However, there are no prerequisites for this to happen in the near future. Does this mean that you can not earn money on cryptocurrencies?
Exchange and OTC cryptocurrency trading
The cryptocurrency market is a full-fledged exchange direction. Using knowledge of financial markets, applying trading strategies and indicators of technical analysis, following news from the world of cryptocurrencies, one can successfully predict fluctuations in charts. Then even the slightest change in the rates of Biktoin, Ether, or another crypt can generate income.
Millions of traders around the world trade on cryptocurrency exchanges. Such a trading involves the purchase of a crypt with its subsequent exchange for another. There are many cryptocurrency pairs on the stock exchanges, as well as pairs of virtual assets with classical currencies – USD, EUR, RUR.
Work on the exchanges requires close interaction of the trader with the crypto market. It is necessary to be aware of key events, have time to buy and sell assets in a timely manner, diversify investments. For example, having bought one or another altcoin at a low price, one can “sleep through” the peak of its growth and, at best, avoid serious losses. If you are not ready to monitor the crypto market 24/7, you can choose another direction of trading – contracts for rising or falling assets, and trade at any convenient time.
The Binarium trading platform, which offers over-the-counter trading services, has a cryptocurrency section. There are 4 key representatives of the industry: charts of current rates of BTC, ETH, LTC and XRP to the dollar. The task of the trader is to make a prediction where the course of the selected crypt will be after a given period of time – from one minute to three months.
How it works?
Experienced traders devote a lot of time to technical analysis, and this is paying off. To visualize the graphics, they usually use a candlestick construction. This option is clearer than the rest shows the history – the opening rate and the closing rate of the candle, as well as the maximum and minimum value for the specified period (timeframe).
On the Binarium trading platform, the choice of the type of chart is at the bottom of the screen. Next, you should choose the time of candles for a specific strategy – from 5 seconds to 12 hours. Additionally, the chart can be supplied with technical analysis indicators. There are the most popular tools for proven trading strategies.
For example, on the Bitcoin chart, we have activated the SMA indicator (moving average), which shows us the presence of a bearish trend. At $ 6450, we open a short trade with expiration until the end of the day. If a reversal did not happen, and by the end of the contract, the BTC was at the level of, say, $ 6,370, the transaction closes in plus, and the trader gets a profit on the balance (up to 90% of the investment size). If the cue ball groped for the level of support and, pushing away from it, went up to $ 6,620, the deal closes to a minus, and the trader loses the investment.
Trading cryptocurrencies on Binarium is simple and accessible to everyone. In addition to cryptocurrency, there are classic stock exchange instruments (currency pairs and futures). The optimal conditions for starting the work are created for the company’s clients:
● available entry threshold in the form of a deposit of 600 rubles;
● minimum investment – 60 rubles;
● withdrawal of funds from 300 rubles;
● first deposit bonus – 100%.
In addition, there is a demo account on Binarium so that every registered client can test the capabilities of the trading platform and check whether he has enough skills to be in the black.
Is the game worth the candles?
It is advisable to invest in cryptocurrency trading only if you are interested in this market and understand the nature of changes in the prices of virtual assets. Analyzing the market, adhering to money-management and constantly improving, you definitely have chances for success in this business. However, if you are looking at the “lucky ones” who were able to make money on the crypt, you think that the money invested will multiply with your insignificant participation, most likely you will not earn anything, and in the worst case you will lose your capital.
“General Risk Warning: Binary options and cryptocurrency trading carry a high level of risk and can result in the loss of all your funds.”
10 Best Cryptocurrency To Invest IN Right Now [April 2020]
Anthony Pompliano, Founder & Partner at Morgan Creek Digital says “History will be unkind to those who knew about Bitcoin early and did nothing.”
And I second with him.
I would also like to add that ‘history will be unkind for those who aren’t willing to adapt and embrace cryptocurrencies and blockchain technology in general.’
I don’t mean this only in the investing realm but overall in a holistic way.
But when you have the investment opportunity in this technology which can be the future of digital currency, why not do so?
Many of you couldn’t participate in the internet boom of the 90s, so why not now? When you have the opportunity knocking at your door.
Of, course, I am not here to persuade anyone, but I want to share my thinking and tell you which are the best cryptocurrency to invest in 2020!!
But when you have the opportunity to invest in this technology, why not do so?
If you are one of those you ask your friends who are trading in cryptocurrencies ‘What Cryptocurrencies to Invest in 2020?’
You are in the right place !!
|“> Cryptocurrencies To invest In 2020||“> Quick Buy Links|
|“> Bitcoin||“> Buy BTC Now|
|“> Etherum||“> Buy ETH Now|
|“> Tezos||“> Buy XTZ Now|
|“> Litecoin||“> Buy LTC Now|
|“> Binance Coin||“> Buy BNB Now|
|“> Monero||“> Buy XMR Now|
|“> Nexo||“> Buy Nexo Now|
|“> Cardano||“> Buy ADA Now|
|“> VeChain||“> Buy VET Now|
|“> Bancor||“> Buy BNT Now|
Best Cryptocurrency To Buy Right Now In 2020
Here’s a list of Top 10 Best Cryptocurrencies to Invest in right now in 2020:
#1. Bitcoin (BTC)
First thing first:
Don’t ignore Bitcoin.
Buying Bitcoin is undoubtedly the best long-term investment in the cryptocurrency market capitalization to make in 2020. The Bitcoin price is more reasonable now, and there are very few bitcoins left to be bought.
Everything said and done, Bitcoin is still one of the most secure cryptocurrencies to invest in, and the whole cryptocurrencies market capitalization moves in its parallel. Consider it as the investment in the digital currency of future years or decades.
Furthermore, Bitcoin’s technical competence with Segwit, Schnorr signatures, MAST, MimbleWimble, Bulletproofs, Confidential Transactions, Sidechains, Drivechains, Lightning Network is growing each day making it further hard for any other cryptocurrency to catch up.
Buying Bitcoin from any popular Cryptocurrency exchange platform like Coinbase is easy and to store your Bitcoin safely a wide range of Web as well as hardware wallets for Bitcoin are available. So I don’t see any reason for not having Bitcoin in anyone’s portfolio, and it can be as high as 40-50% of the total portfolio.
Now, I know you must be getting itchy to know the next crypto in the list of best cryptocurrencies to invest in 2020 and its Litecoin.
#2. Ethereum (ETH)
I have always been bullish on Ethereum crypto, but recently its scaling problems have become a big open secret to the world.
But we shouldn’t forget that Ethereum goal is also very ambitions ‘to be the world’s computer’ and that’s why it is quite OK to expect such glitches in between.
Another thing to note with Ethereum is that the world is building on it and it has the most prominent developer’s pool in the world.
Plus Ethereum is a pioneer in the realm of decentralized applications and smart contracts which is a massive factor in itself.
However, I am not ignorant of the fact that Ethereum is very much behind in its schedule and is facing severe scaling as well as governance problems, but I think it will bounce back smoothly
Right now the prices have taken a rock bottom, and it is looking quite attractive for a long-term crypto portfolio or trading.
Disclosure: I hold 10 % Ethereum in my wallet and now after my top 5 cryptocurrencies to invest in 2020, I will share the next five. Also, don’t forget to check out some of the best Ethereum wallets that you can use to store your ethereum safely.
#3. Litecoin (LTC)
Litecoin, the open-source and decentralized fork of Bitcoin, created by Charlie Lee is among my second best favorite cryptocurrencies to HODL.
Litecoin was created to complement Bitcoin as silver to Bitcoin’s gold, and so far it has succeeded in that by being in the list of top 10 cryptocurrencies since 2020.
Also, Litecoin crypto has served as a testbed for Bitcoin by pioneering the implementation of segwit, atomic swaps, and lightning on its mainnet.
Plus Litecoin has sole payments usecase for which it is being used in a decent volume of trading. I n this slow market also y ou will find on an average Litecoin is processing 25k transactions each day.
More work is being done on the scaling and privacy side by Litecoin Foundation which is committed to pushing forward the narrative of #PayWithLitecoin
I have 10-15% crypto portfolio in Litecoin and will continue to accumulate in 2020 if the market capitalization falls even below what it is now, because, the last time LTC when from $4 to $370 in a matter of 7 months.
#4. Binance Coin (BNB)
Binance, also known as Binance coin (BNB) is the native cryptocurrency of Binance exchange.
Binance own crypto-based coin was launched in August 2020 with the launch of its exchange to facilitate trading transaction fee waivers to Binance exchange users.
But now Binance is expanding its reach rapidly and is about to launch its own Binance Chain as well as Binance DEX where this BNB coin will find more utility.
Plus Binance coin indirectly benefits its users because every quarter they use 20% of their profits to buy back BNB coins and destroy them to create digital scarcity to reward BNB crypto holders. And this will go until they eventually buy 50% of all the BNB (100M) back.
This an excellent way to reward its coins holders and further with Binance Chain and Binance DEX, BNB will have more utility as well as liquidity which will eventually result in a price spike in 2020 and beyond.
#5. Tezos (XTZ)
Tezos’ is an Ethereum competitor who had a very shaky beginning even after raising $232 million in its ICO.
But now Tezos has launched its mainnet and is preparing to be the next dominant platform for decentralized applications and smart contracts.
Tezos is a blockchain that can evolve by upgrading itself. Stakeholders vote on amendments to the protocol, including amendments to the digital voting procedure itself, to reach a social consensus on proposals. Tezos supports smart contracts and offers a platform to build digital decentralized applications.
Lastly, in July 2020, Cameron and Tyler Winklevoss have quietly added Tezos cryptocurrency (XTZ) in their Winklevoss Capital (portfolio companies) which is a very bullish signal in itself. Also, don’t forget to check out some of the best Tezos wallets that you can use to store your XTZ safely.
#6. Monero (XRM)
Looking for something private transactions and anonymous in your crypto portfolio?
Well, Monero is for you.
Monero is an open-source and decentralized cryptocurrency popular among people who value their digital privacy and security.
Monero is highly private, and that gives it a usecase. And interestingly Monero is also predominantly used in transactions in deep web and is impossible to be traced.
However, let me also point out that privacy is something that is a continuous process and even Monero earlier this year leaked out some of the transaction information but as suggested by its lead developer Riccardo that ‘there is no easy solution.’
But Monero is working on exciting techniques known as Ring signatures, RingCT, Kovri, and Stealth address to improve its transactions and privacy mandate, that’s why it is a more strong contender than Zcash when it comes to investing.
Plus, Monero has its inflation rate much lower than Zcash which is another good reason to have atleast 3-5% Monero in your portfolio. Also, don’t forget to check out some of the list of top Monero wallets that you can use to store your XMR safely.
#7. NEXO (NEXO)
Nexo – The world’s first instant crypto-backed loans is powered by Credissimo – a leading European FinTech group having a track record of 10 years.
So if you are someone who isn’t willing to part away with its cryptocurrencies in this bear crypto market and still wants equity for it, you can use Nexo.
Nexo loans are instantly issued when you collateralize your cryptocurrencies. As of now, Nexo supports 200+ jurisdictions and 40+ popular coins and gives real dividends to Nexo token holders which are even more than S&P500 companies.
So if you are looking for a blockchain project that is working and generating profits for its stakeholders, Nexo is the one you should look at this time.
#8. Cardano (ADA)
Cardano is the third generation blockchain platform for developing decentralized applications and smart contracts.
It is also an open-source and decentralized platform like Ethereum but is being built on a higher promise of being scalable, governable and inter-operable.
Also, before developing Cardano, its paper has been thoroughly peer-reviewed and is solely based on high-quality academic research.
If you’re looking for long-term investing, Cardano coin can be a really good fit for your cryptocurrencies portfolio. Cardano has a very long roadmap that doesn’t seem to reach completion in a few months but the blockchain is live.
Next Cardano has a new smart contract language which will take some time to get traction from developers.
So because of this Cardano is a long-term investment but I certainly believe it is going to be a fierce competitor for Ethereum and another smart contract platform. Also, don’t forget to check out some of the popular Cardano wallets from our recommended list that you can use to store your XMR safely.
#9. VeChain (VET)
Vechain is a new enterprise-level blockchain solution provider aiming to leverage blockchain technology to build a trust-free and distributed business ecosystem, which is self-circulating and scalable.
Earlier in 2020, they were focused on becoming a supply chain management blockchain harnessing IoT based technology, but later they expanded their vision.
So far they have successfully implemented blockchain technology solutions across various industries such as luxury goods, liquor, and agriculture.
And do not take me wrong because these use-cases go beyond the Proof-of-Concept level and have already been launched on the market globally.
VeChain recently rebranded to VeChain Thor with its new vision and now has its own blockchain which is being developed for future scalability.
#10. Bancor (BNT)
A lot you might not agree with me as I am putting Bancor here, but Bancor’s liquidity network is worth talking about in this highly illiquid market capitalization, especially when security tokens are out.
Bancor is the world’s first decentralized liquidity network redesigning the way people create and share value by ensuring continuous on-chain liquidity between blockchain-based assets.
And the good thing about Bancor protocol is that you can get liquidity for almost any token which is a rarity in the cryptosphere.
And it has its native BNT token that helps keep a reserve and provide liquidity, so in my opinion, it is a gem to have in your portfolio.
Cryptocurrency investment (decentralized, open-source ones) doesn’t depend on your country or geography, so it doesn’t matter where you are!! So feel free to invest in these cryptocurrencies from the UK, US, Australia or India.
Lastly, when you are investing in cryptocurrencies from time to time, you should have good wallets to keep your funds safe. That’s why here I have listed only those cryptocurrencies that have decent wallets to hold these cryptocurrencies.
PS: I have Ledger Nano S and Trezor to safeguard my most of cryptocurrencies. [Enjoying right now Ledger Nano X as it is much superior to both of these wallets, read my review of Ledger Nano X here. ]
So that’s all from my side today, and now you tell us which ones are your favorite or which cryptos are you picking for 2020?
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