Which Cryptocurrency Should I Invest in 2020?
At the beginning of 2020, many novice investors asked a similar question. Everyone is interested in what coins to buy for stable earnings throughout the whole of 2020. Choosing something specific is really not easy, since there are more than 5000 different assets. That is why today we will tell you about some of the best solutions. We will allocate those coins that are sure to bring a solid income. Use the information wisely to make a profit. So, we are starting.
Which cryptocurrency should I invest in now?
First of all, it is worth recalling Bitcoin (BTC). The first cryptocurrency is still very popular, and the graphs show that the coin is growing properly. Serious analysts and other experts have repeatedly said that they are confident in the growth of BTC. According to professionals, there is no doubt that the first digital asset will bring significant income to its owners. Of course, buying BTC for all your capital is not worth it. It is very important to properly allocate the budget, thereby reducing risks. In large coins like BTC, it is customary to invest most of the capital, and the remaining money can be distributed on small coins. By acting in this way, you will protect your own investments as much as possible.
To which cryptocurrency I should invest right now, except for Bitcoin? This question is asked by those who do not believe in the success of the first coin. In any case, there are alternative solutions. The first one, of course, comes to Ethereum (ETH). The main advantage of the crypt, for which it is advised to buy, is flexible emission. If Bitcoin has a specific maximum number of coins, then ETH is much better in this regard. The coin gradually releases asset stocks on the market, which allows investors to earn more and longer. This year, the transition to the second version of Ethereum is expected. Analysts say that this update will positively affect the price of cryptocurrency.
Binance Coin (BNB) is another answer to the question “which cryptocurrency should I invest in today?”. Against the background of all altcoins, BNB looks as confident as possible. This coin was able to survive the crisis of 2018 relatively easily, which says a lot about its stability. A promising token is beyond doubt, you can safely buy it. However, we would not recommend investing all the capital. Again, a budget should be allocated. Invest in BNB a certain percentage of capital, which is not a pity to lose if the price drops. Act thoughtfully and watch the market.
Tron (TRX). In the crypto industry, an unspoken rule applies. According to him, those coins that offer something new to the entire market are knocked forward. In the case of TRX, we get a bold platform that rethinks the understanding of digital content. The token of this platform of the future is sympathetic to both investors and ordinary users. You can safely invest in TRX, but do not forget that young coins are extremely unstable against market changes. High volatility can ruin the crypto, so invest in it only part of the entire budget. This is the right approach.
Stellar Lumens (XLM). Another coin that demonstrates the rule we described. The new digital solution plans to bring money transfers to an unprecedented level of speed and security. Such good ideas could not remain without investments. XLM tokens definitely deserve a place in your investment portfolio. Buy some coins and wait until the price goes up. To speculate on this coin is not a good idea. Short deals with cheap cryptocurrency will not bring tangible profits.
Which cryptocurrency should I invest in long term?
Many novice investors prefer to work for the future. Indeed, to constantly receive investment income, you need to constantly update your investment portfolio. It requires certain skills, knowledge and experience. It is much easier to constantly invest small amounts in the crypt and wait until it grows. When choosing coins for long-term investments, you need to look at several key factors:
Development plans or road map.
If a project knows how it will develop in six months, a year or even five years – this is a good project. Confident, ambitious developers, as a rule, are engaged in decent technologies in which you can safely invest;
Always learn the reputation of those behind the cryptocurrency of interest. It is possible that scammers are involved in the project, who will receive your money and close the company. Allow enough time to analyze the working team of a specific project;
History of the course.
The price of cryptocurrency tends to be repeated. Learn the behavior of the chart from the moment the coin is launched until today. Of course, if the rate falls and falls all the time, there is no point in investing in this coin on a long-term basis. Correctly prioritize;
All the coins we bring are suitable for both short-term and long-term investments. Reliable projects have repeatedly proved the seriousness of their ambitions, so there is no doubt about the honesty of the sites. Invest and earn, good luck!