Cryptocurrency relates to the digital currency belonging to an increasingly developing industry. For cryptocurrency the term crypto shows the advanced cryptology techniques.
Cryptography guarantees online transaction security and creates tokens or coins to take the crypto-industry one step further. Though cryptocurrency started its journey with the introduction of bitcoin, many coins are now available out there. But all the crypto shares a prevailing ideology of decentralizing the distribution network while maintaining high-security protocol controlled by cutting edge technologies remains the top priority.
20 Best Cryptocurrency To Invest In 2020
Nothing is named Best Cryptocurrency. But as a visionary it is clear that bitcoin has become the benchmark for the new coins currently circulating on the market. In this post, we'll concentrate on a wide range of different cryptocurrencies you can start investing in. Therefore, if you're looking for an alternative investment in Bitcoin, then you've come to the right place.
1. BITCOIN (BTC)
Bitcoin is always a popular crypto-currency to invest in the sector of Today. In reality, without the advent of Bitcoin, the crypto-currency industry may never be under the spotlight. The customer satisfaction has already been achieved by ensuring security by intelligent technology and being the leader in this area. Bitcoin is the top cryptocurrency to launch your journey in this area as most of the investors are involved with its sector.
Features of Bitcoin
- Crypto industry leader and has set a standard that must be met by other cryptocurrencies to stand a place in this market.
- Collaboration and its competency with companies like Segwit, Schnorr signatures, MAST, MimbleWimble, Bulletproofs, Confidential transactions make it almost impossible to compete.
- All the crypto trading platforms accept Bitcoin, and you can store your assets in many of the web wallets available.
- Security is ensured, and people can entirely rely on the sophisticated architecture that is used to protect digital assets.
- The best part of bitcoin is the liquidity of its market demand. If you ever want to sell your coin, you will not find any problem to find potential buyers.
INVEST IN BITCOIN
2. ETHEREUM (ETH)
If another crypto can be regarded as a substitute to bitcoin, then there is none other than Ethereum. It started its voyage in 2015 and in a very short time it has become widely popular. You can even buy digital assets or use Ether– the cryptographic token provided by ETH network to make a transaction.
Features of Ethereum
- The decentralized network helps build smart connections and is able to develop distributed applications without any downtime or fraud.
- It has the world's largest pool of developers, including businesses such as Microsoft, Intel, Chase and J.P. Morgan plans to expand the company which uses Ethereum.
- Currently working on blockchain growth so you can use Ether to purchase other cryptocurrencies too.
- The price is right now at the rock bottom. And now you can buy Ethereum to add more to your portfolio and make it more impressive.
- Several security bugs were registered, as well as security. ETH effortlessly bounced back, breaking into Ethereum (ETH) and Ethereum Classic (ETC).
INVEST IN ETHEREUM
3. Zcash (ZEC)
This cryptocurrency took place in the Best Cryptocurrency list for the anonymity it provides to traders. It is using even more advanced technologies to ensure safety than Bitcoin. ZEC has an open-source platform, and the only difference with bitcoin is the 21 million-coin hard limit. Although it limits users to spend than the actual cap, it makes sure that the complexity is smaller, and the transaction volume is easy to handle.
Features of Zcash
- If we see bitcoin as the HTTP of the internet, then Zcash can be called the HTTPS of the internet. Also, provides selective transparency of transactions.
- Zcash delivers high-end privacy to its users. Transactions are recorded in the blockchain while the name of senders and recipients, amount remain private.
- Cryptography and zk-SNARK construction techniques shield all the contents associated with each transaction.
- You can trade anonymously which has made it a popular place for scammers although Equihash algorithm is intended to identify these activities accurately.
- 12.5 per block is rewarded to the miners, and the amount is halved every four years.
INVEST IN ZCASH
VeChain is the must-mentioned one while thinking about the best cryptocurrency or Bitcoin alternative. A forum for enterprise-level cryptography has been built so traders can exploit their coins without facing many problems. In addition, the VeChan team is working on blockchain technology, and they have a goal of integrating blockchain on applications in real life.
Features of VeChain
- Coins circulate automatically through self-circulating infrastructure and a scalable, trust-free, and distributed business ecosystem is also available.
- Started its journey as a blockchain management system and changed their vision later to expand business in the crypto industry.
- You can start exchanging your VeChain coins known as VeChain THOR after the arrival of their new blockchain tech.
- One can swap VEN for VET at a 1:1 ratio. It means if you hold only one VEN token, you will still be able to generate VET.
- I near future, many companies will use VeChain Tokens as a smart payment currency to expand their business.
INVEST IN VECHAIN
It is possible to compare this cryptocurrency with Ethereum. With this sophisticated blockchain platform provided by Cardano, you can quickly develop decentralized applications and connect to smart contacts. This cryptocurrency emphasizes the privacy of traders and manages any transaction with the highest priority in holding security protocols. It's governed by highly effective tech leaders and developers.
Features of Cardano
- If you want to become a long term investor, then you should choose this currency as you can not complete the life cycle within a few months only.
- Developers are working to introduce a smart contract system language for enabling self-circulating techniques and increasing efficiency.
- It is known for its transaction speed. At the same time, it brings light on scalability, interoperability, and reliability.
- A multi-layered platform maintains Ada cryptocurrency offered by Cardano and easily upgradable.
- The liquidity of the market alongside the elasticity of the platform has made it very popular among the traders.
- Ada crypto needs much less computing power. It generates several blocks at a time where bitcoin generates only one at a time.
INVEST IN CARDANO
The people who are extremely concerned about privacy and want to complete a crypto transaction without then revealing Monero can be the best cryptocurrency to invest in. It has substantial crypto industry market share and has been working in the market for the last ten years. Monero is used in deep web and is considered untraceable. It focuses on keeping privacy high and offers top-notch protection for traders.
Features of Monero
- Highly suitable and top cryptocurrency for the people who value their privacy and digital assets.
- This crypto is safe for the investors and backed by the cutting edge technologies like Ring signatures, RingCT, Kovri, and Stealth addresses.
- Monero can be an excellent enhancement to your portfolio because of its flat inflation rate, which is relatively lower than the others.
- You can store your XMR safely, and there are several Monero wallets available out there where you can collect your funds.
- The always-on privacy feature in Monero makes the transactions secured, and every user performs for strengthening the privacy mechanisms.
- Automatic adaptive block size limit has added an extra advantage. It can increase the size of the block freely to accommodate the high volume of transactions.
INVEST IN MONERO
Tezos began to roll in that room by collecting $232 million in their ICO. Although it is now considered one of the best options for cryptocurrencies and bitcoin, it has encountered some unstable situations. But each time they bounced back stronger than ever and are proud to be working on the market. It also got a strong position by establishing itself as an Ethereum competitor. The platform is intuitive and even for beginners uses it.
Features of Tezos
- Already launched mainnet and has taken all the actions to be the next dominant platform for decentralized applications and smart contracts for the investors.
- It is powered by blockchain technology which can upgrade itself with time.
- Introduces on-chain governance, a self-alteration system, an authorized record of stake algorithm.
- You will not need to hold coins. Instead, you can only spend from your staked coins and never go bankrupt.
- The viability of the project is higher, and Tezos renders both ICO and staking reward for the foundation.
INVEST IN TEZOS
Litecoin cryptocurrency has been trading on the market for over eight years and is one of the popular altcoins. It was created as a complement to Bitcoin's gold as silver. Investors often have trouble selecting one from Bitcoin and Litecoin, as they are quite similar. Litecoin focuses on reducing transaction time by fast and multiple blocks at a time. Started the run with a dream to become one of the top cryptocurrencies, and successfully achieved the aim.
Features of Litecoin
- Litecoin is entirely maintained by an open-source platform and regular by sophisticated cryptographic protocol.
- Processes large volumes of transactions well. Technologies like Frequent block generations and Segregated witnesses can handle multiple transactions at a time.
- The scrypt algorithm makes it more accessible to the new miners while you do not have to worry about hardware-based mining using AISIC.
- Supported by large communities and used in online transactions that include ATM, eCommerce payment, and so on.
- Total up to about 84 billion coins are available in stock which results in higher profit margins and less competition for the miners.
- Besides, flexibility and exchangeable with other cryptocurrencies have helped it to take place in the list of best cryptocurrency.
INVEST IN LITECOIN
This is another safe alternative to cryptocurrencies and Bitcoin, as it has allowed banks to complete international transactions in real time. In addition to low service costs and end-to-end accountability, this has made customers around the world very familiar with it. Different methods used by Ripple to maintain high-end protection are easy and differentiate it from bitcoin and other altcoins. Poloniex and Kraken are two of the best ripple-exchange networks.
Features of Ripple
- Ripple does not use blockchain like the most cryptocurrency available out there. Instead, it uses a distributed consensus mechanism powered by network servers for validating transactions.
- Ripple’s payment gateway is similar to banks. For updating ledgers, it uses the same protocol that the banks use for online credit or payments.
- It is one of the safest cryptocurrencies to invest as Ripple is already adopted by many banks such as MUFG, BBVA, SEB, Akbank, Axis Bank, Yes bank, and so on.
- Security is strong and emphasized. Rather than relying on miners, you will need to trust a gateway and the technologies involved with it.
- Has a goal to distribute the value for empowering the business and increase the liquidity in the market for the traders.
INVEST IN RIPPLE
This top crypto-currency in a short time has received a positive response from the traders. EOS stresses smart contracts just like Ethereum to promote, check or execute the agreement digitally. In addition to this, EOS also focuses on internationally spreading the use of digital currency to broaden the cryptocurrency industry. EOS has gained an extra advantage over most of its rivals through its sustainable innovation process.
Features of EOS
- You can build multi-functional dApps using the decentralized platform offered by EOS. As a result, you can complete transactions on so many platforms using EOS coins.
- Every cryptocurrency which uses blockchain technology takes an associated cost with each transaction. But there is no additional cost required if you consider EOS as your currency.
- Voting system governance allows the user to be a part of its core and participate in voting when it comes to change any rule or regulation.
- Helping developers to build dApps. As a result, the demand for EOS is increasing day by day through the community of developers and investors.
- You can arrange ICO at any time on EOS platform, and this is what has made EOS so popular among the traders.
- As one of the best cryptocurrency, it is self-sufficient and automatically generates rewards for the block producers.
INVEST IN EOS
Bancor is a decentralized network and the way people think, build and share value has been revamped. In the cryptocurrency market, liquidity is low, and in most cases you can't predict the outcome accurately. But Bancor has rethought the crypto-trading process. It has already engaged many traders as trustworthy and reliable and continues to grow to extend the use of cryptocurrencies around the world.
Features of Bancor
- Undoubtedly Bancor coin is one of the safest cryptocurrencies to invest in today’s world because of the trend it follows.
- The main advantage of Bancor smart token is continuous liquidity. It can automate the sell and buy orders which have taken it to one step ahead.
- Generates Network which holds the combined value of the actual reserve. If the demand of smart token increases, the value for network tokens also increases.
- Liquidating and Purchasing is always done based on smart contracts which ensure the liquidity in the market and independent of trading volumes.
- Algorithms do price calculation, and the blockchain fees are relatively low than the other best cryptocurrency available out there.
INVEST IN BANCOR
Nexo is distinct from all the other cryptocurrencies mentioned until now. Where others are the crypto or digital assets sold by different platforms, Nexo allows traders to use their digital currency to take out crypto-loans. Millions of FinTech app users back nexo. Because the roadmap is transparent to users and opens up diversifying possibilities that can be accomplished by owning cryptos, Nexo has gained people's confidence in quick time and smooth operation.
Features of Nexo
- Nexo opens a new way of using cryptocurrency rather than only selling and buying.
- You can take a loan or real cash by holding your digital assets as collateral instantly while you will have full access to your cryptos.
- The business model is unique and straightforward but ensures liquidity by automatic, flexible, and cost-efficient process and powered by the user’s assets.
- Nexo oracle module, sophisticated cryptography, and algorithmic procedures are used to maintain a high level of transparency.
- You will not need to pay any transaction, platform, or withdrawal fees, which will eventually reduce the cost of tax.
- ERC20 based coins can be collected on any wallets that are compatible with Ethereum.
INVEST IN NEXO
Dash is called darkcoin. Dash is probably the best cryptocurrency for those investors who want to sell & buy Bitcoin or other cryptocurrencies without revealing their details. No other cryptocurrencies endured such a successful venture as Dash. It's been through several changes since starting a business in 2014, but the functionalities and functionality are still the same. Instead they are furnished and governed continuously by an experienced team led by Evan Duffield.
Features of Dash
- Unlike bitcoin, the blockchain mining operation is divided into two parts which are Master Node and Miners.
- Masternode is responsible for making transactions quick like real cash exchange and providing high-end security.
- PrivateSend enables tradesmen to complete transaction privately, and there is no way to trace Dash transaction and the associated information.
- You will not need to wait for confirming or processing your transaction if you use the feature InstantSend offered by Dash.
- The network is much more decentralized than most of the coins, and also mass adoption strategy adds extra value.
- $2.5 million monthly budget for sustaining development also shows the commitment of Dash, which will help to expand the industry more than ever.
INVEST IN DASH
Neo built on Ethereum's concept and intended to improve the foundation by integrating its vision and purpose into its business model. The top crypto-currency focuses on decentralized blockchain and has already earned the name of "Ethereum Killer." It is also known as the Chinese Ethereum, which ultimately helps the Asian people embrace this as an alternative to Bitcoin. Neo should take over the dominance of bitcoin in Asian countries, everyone believes. They are currently working on Smart Contract 2.0 and are collaborating with various Chinese certification bodies.
Features of Neo
- While other cryptocurrencies are based on a proof of service concept, the business model of Neo is based on proof of work.
- Introduces a smart economy through which you can even place your physical assets in blockchain and earn profits transparently.
- Public Key Infrastructure helps business and financial organization to register who can buy or sell Neo coins.
- There is an added advantage if you invest in Neo, which is Gas. You can earn up to 0.03411 Gas per year by holding 100 Neo in your wallet.
- Unlike Ethereum, you can build your own ecosystem using NEO without any knowledge of programming, which is very helpful for the developers and general investors also.
INVEST IN NEW
15. Bitcoin Cash
Bitcoin is the best cryptocurrency, because it holds the market's maximum share. But the bitcoin's biggest problem is the high amount of time needed to process transactions. Completing a transaction takes about 10 minutes. Bitcoin cash was for this dilemma to be solved. It can play the role of classic bitcoin. It can complete more transactions at a time, by making larger blocks. It has the benefit of taking the top cryptocurrency bitcoin just the right sides.
Features of Bitcoin Cash
- As created by developers and bitcoin miners, Bitcoin Cash is more scalable and flexible.
- Introduces 8mb block size to boost the speed of transaction verification process regardless of the number of miners available to mine.
- Bitcoin charges $8 – $15as commissions while the rate of Bitcash is pretty lower, which is $0,05 – $0,010.
- Although even Bitcoin Cash experiences unconfirmed deals which can reach up to 200 – 250 sometimes but in Bitcoin, this queue may reach 7,000 – 10,000.
- Volatility rate is much higher, and it is almost impossible to predict the price. Also, there is a problem of automatic control which is unsolved till date.
- It is usually used as a speculative tool. Besides, investors do not consider it as a potential asset, although it has a goal of making even larger blocks to increase speed.
INVEST IN BITCOIN CASH
A smart network for next generation supports cryptocurrency IOTA. It is intended to help the Internet of Things (IoT), allow safe trading and protect the unlimited data stream. While miners keep the process, IOTA's security protocol is far more different than the conventional blockchain technology. Managing data access. Data access and data protection is also responsible for IOTA's success through encryption.
Features of IOTA
- The transaction is mapped onto an entire network and offers native technology called Tangled, which is more efficient and requires less processing power for each operation.
- Forces users to use only the native platform for the transactions, which dramatically decreases the confirmation time for the customers.
- Enables users to make small payments using IOTA as it takes little or no charge for a small transaction.
- The processing speed increases with the size of new subscribers. Its business module is designed to process within zero-second after the specific data size is achieved.
- IOTA removes Tangible dilemma which is faced by organizations when they want to integrate blockchain technology in auditable applications.
INVEST IN IOTA
Tether has become one of best to invest in cryptocurrencies. This is a very rare Cryptocurrency. By eliminating the uncertainty and making stable coins, it solves this industry's major problem. Currently there is only USDT in the market. But Japan and England intend very soon to publish their own coins. Since all the tokens are controlled by the tether base, this allows users to share Tether across different platforms.
Features of Tether
- Price is powered by USD and is equivalent as well. You will get 1:1 USD for each Tether token.
- Protects users from volatility and shared all the transactions with its users. It has helped to reaffirm the trust of people in the crypto industry again.
- Uses blockchain technology similar to bitcoin, which is already relied on by so many people.
- All other cryptocurrencies can only be used during online payment. But Tether can also be found as electronic form as it is a fiat currency.
- There is almost no market fear if you invest in Tether. Unlike other digital currencies, the price will never fall whatever happens in the market.
- KYC and AML documents must be provided for making a transaction. If one fails to do so, he/she will not be allowed to initiate trading.
INVEST IN TETHER
Stellar cryptocurrency emphasizes allowing users to combine any cryptocurrencies between them. It also enables the user to swap their assets globally. Stellar is basically a website providing cryptocurrency to Lumens. If you are an investor, you want to get a good amount of return and plan that Stellar is the best cryptocurrency for you for a long term project. It is a global network of exchanges that processes thousands of currency-tokens exchanges per second.
Features of Stellar
- A minimum transaction fee of 0.00001 is charged with every transaction, which ensures minimum account balances are always kept.
- As Stellar is scalable, it automatically renders the best combination of transaction fees, trades per second, and average agreement time of the blockchain technology.
- Liquidity is facilitated by validating $DALA and ZAR, UGX, USD, and also the latest currencies when they are live.
- Stellar is building a marketplace for digital goods and services where you can use the stellar currency for trading.
- The stellar protocol is valuable and sophisticated. The system will be developed and become more secure over time.
INVEST IN STELLAR
It is a blockchain oracle project created for connecting cryptocurrency with real-world applications. Open-source API helps developers build multi-functional web platform and software to improve the crypto market. This focuses on bridging the common payment gateways such as Paypal and Payoneer, banks such as HSBC and Wells Fargo, and blockchain technology such as Bitcoin and Ethereum. It has been working from the start of its journey to promote the adoption of digital currency throughout the world.
Features of Chainlink
- It uses the power of data science and can apply external data sources into the blockchain network for creating smart contracts.
- Agreement between the traders remains protected, and chainlink technology ensures the zero percent occurrence of fraudulent activities.
- Multiple information is handled by a single node in the chainlink network for which the cost of processing a large volume of data raises and becomes costly.
- On-chain and off-chain architectural design were developed to help the newcomers in this space and to motivate many businesspeople to invest.
- Partnership with companies like Web3, Polkadot, OpenLaw, Swift network portrays the bright future of Chainlink. Undoubtedly it has the potential to become the best cryptocurrency.
INVEST IN CHAINLINK
As a peer to peer open source platform, Dogecoin started its journey as a joke currency. While it has been less than 5 years, Dogecoin is in this market; it has already gained a good reputation among the competitors. It was designed to replace the conventional form of online electronic cash and simplify digital payment. Though the blockchain technology's security is always uncertain, the scammers have never hacked or targeted Dogecoin.
Features of Dogecoin
- The block times are exceptionally short. Besides, fast and negligible transaction fees help even the micro investors to complete small trades frequently.
- Usability to complete any kind of online payment makes it accessible for general use. Also, you can exchange it with other cryptocurrencies.
- Real-life implications like paying bills have added more value to its business.
- Dogecoin is the top cryptocurrency to fiat rapidly, and also keeping fees is close to invincible.
- It has already engaged a large community. It is already handling some great projects which clearly shows the roadmap and increase the demand as well.
INVEST IN DOGECOIN
Lastly The Thoughts
Many seasoned stock market analysts believe that in no time can crypto-currency take over conventional currency system. While cryptocurrency emerged when Bitcoin successfully attracted many people to invest in this area, the market now offers many digital currencies. Nothing is called the best cryptocurrency, as the market is competitive and not yet secure. If you want to stop a significant loss, you need to do enough work, explore the networks and join the active groups before you invest in a crypto-currency.
Image credit: GOOGLE