5 Cryptocurrencies With Excellent Earnings Potential You Must Review For Great Gains
Are you looking for the best way to invest your hard-earned money so that you can get maximum returns from it? Do you want to invest in cryptocurrencies but don’t know which will be the best to invest in this 2020?
Cryptocurrencies took the world by storm in 2017 with a whopping 1500% increase in Bitcoin price, and this has led to an increased number of investors.
However, because of the price volatility of cryptocurrencies, you need to know the right cryptocurrency to invest in, and that’s why this article is written.
Below are 5 cryptocurrencies to watch out for if you want to transform your finances in 2020:
1. Bitcoin (BTC)
Bitcoin is the largest cryptocurrency in the crypto market. Since the creation of Bitcoin in 2008, it has grown through much criticism and disdain to become the most valuable cryptocurrency all over the world.
The current price of Bitcoin is something to write home about, but more than that, it promises to break more grounds in the future, and 2020 will probably kick-start a new progress.
Though Bitcoin has hardly replaced the traditional currency and financial system in many countries and organizations, it has been legally accepted as a store of value or a money servicing system by some countries, including America, Finland, Canada, Australia, and so on.
Even countries like China and Russia, that have opposed Bitcoin, are gradually shifting their perspectives about the cryptocurrency.
Litecoin is an open-source, decentralized Bitcoin fork. Since 2012, the cryptocurrency has sustained being among the top 10 cryptocurrencies in the world.
Much more than that is the speed of transaction, which averages at around 25,000 transactions per day – it’s no wonder why it moved from $4 to $370 within 7 months.
3. Binance Coin (BNB)
For a crypto-exchange that only started in 2017, Binance has demonstrated momentum with its steady growth and its plans to create a Binance chain as well as Binance DEX, which will create more utility for the cryptocurrency.
Moreover, it has a system that offers maximum coin rewards to its users. In 2020, Binance promises to be highly rewarding both in utility and in monetary returns.
Despite the challenges of scalability and poor governance that the Ethereum blockchain is facing currently, it is expected that there will be a massive come-back, and 2020 may just be that year.
The reasons why Ethereum is promising includes the current pool of developers trying to scale it as well as its ability to facilitate the creation of Decentralized apps and smart contracts.
5. Tezos (XTZ)
Tezos is not only a main-net blockchain that supports the creation of decentralized apps and smart contracts, it is also built to always update itself, which makes it a strong competitor for the Ethereum blockchain, especially in terms of scalability.
Moreover, the subtly added Tezos cryptocurrency, XTZ, has been very bullish in itself.
Cryptocurrencies are more secure, decentralized, bespoke-friendly, and have more robust ROI potentials than traditional currencies.
If you are looking forward to advance your finances in a massive way, crypto-investing is the way. However, I must warn that it is also very possible to experience loss too – that’s the beauty of investment anyway.