The number of blockchain projects make their way into the crypto market daily can be overwhelming for even the most experienced traders. With that said, imagine a new comer trying to navigate the the chaos and decide which best cryptocurrencies to invest in 2020 and beyond.
What to expect for Bitcoin’s price & future?
The year 2018 was the most profitable for crypto investors. 2019, however, turned a lot of potential investors off as the majority of cryptocurrencies took a nose dive. The most popular coins, for example, lost more than 60% of it’s value. In January 2019, Bitcoin was trading at a whooping $20,000.
Crypto enthusiasts should not panic, however. Bitcoin, the top coin of all time, is still the safest investment. BTC is predicted by some of the most famous financial analysts to reach at least $200,000 by 2022. In 2015, the price of a single Bitcoin was only $150.
Bitcoin (BTC) current price chart
What to expect for Ethereum’s price & future?
Ethereum is the chosen best cryptocurrencies to invest in 2020. ETH dropping from an all time high of $1,000 in 2018 to $140 USD in 2019 a very profitable opportunities for current traders. The second most popular cryptocoin is up 33% from its all time low, but don’t expect Ethereum’s price to stay that low for long.
The hike is mostly credited to the recent Constantinople hardfork, which saw a few disgruntled miners breaking ranks. ETH is predicted to shatter its 2018 record of $1,000 USD per coin in 2020. Invest in Ethereum now before it’s too late.
Ethereum (ETH) current price chart
Invest in Bitcoin Cash (BCH)
The third best coins to invest in in 2020 is Bitcoin Cash; BTC fork. BCH was appropriated from Bitcon’s ribs. BTC’s first hard fork, which gave us Bitcoin Cash happened August 1, 2017. For a while BCH lived up to expectations, trading at an all time high of $4,355.62 with a $134 billion USD market capitalization. Like every other coins, BCH experienced a nose dive in 2019. Bitcoin Cash is one of the safest cryptocurrency investments in 2020.
Bitcoin Cash (BCH) Cash current price chart
Definitely invest in Ripple (XRP)
Ripple’s XRP is the second most popularity crypto coin by market capitalization in 2019. Released by Ripple Labs in 2012, XRP quickly became of of the cryptocurency market’s favorite blockchain projects; challenged and displaced Ethereum for second place.
Ripple is going after Swift; the expensive and slow international transactions processor. Working with world banks to speed up and reducing the price international transfer, Ripple’s CEO Brad Garlinghouse has been very aggressive in his attempt to solve a $20 trillion problem.
Garlinghouse and his team of experienced developers have already amassed a pretty impressive portfolio of banks. The majority, over 200 banks, are still testing Ripple’s main system, RippleNet.
However, a few of them already announce full integration of RippleNet. PNC; the 8th largest banks in the United States announced on Aug 29, 2019 they’ve started processing international transactions with Ripple. Any crypto solving a big problem is a winner on my book. Buy Ripple’s XRP and hold for 3-5 years.
Ripple (XRP) current price chart
Invest in Stellar Lumens (XLM)
It’s inconceivable for crypto enthusiasts to talk about Ripple’s XRP without bringing up Stellar Lumens (XLM). Like Ripple, Stellar is a decentralized platform for high-speed and inexpensive international transaction.
Launched in 2014 by Jed Mccaleb; the former CEO of now-defunct cryptocurrency exchange, Mr. Gox and co-founder of Ripple, Stellar’s main objective early on was to do for International organizations and non-profit institutions what Ripple aims to do for traditional banks.
XLM is currently in 8th place and trading at $0.0631. But in January 2018, Stellar’s price was at an all time high at $0.72. XLM should easily break that record in 2020.
Stellar Lumens (XLM) current price chart
Where should you store your long term cryptocurrency coins?
You get to decide which of the best cryptocurrencies to invest in 2020 from the list above. However, the choices for storing them for the long haul is not plenty. There are only a few safe ways to store crypto.
Whether you’re doing it for a rainy day or gain massive long term profit, the surest and safest way to keep hackers at bay is using a crypto hard wallet, such as Nano Ledger X or the newest kid on the block, Trezor Model T.
The best cryptocurrency exchanges to buy these coins from is sorted by continents and countries. Good luck and be sure to let us know on the comment section above your thoughts of these recommendations and predictions.
This article for informational purpose. The The author and team at CryptoZink is making no attempt to persuade or convince you to buy, trade or exchange these coins. Before you decide to buy any crypto coins, we highly recommend you do your own due-diligence and invest at your own risk.