The Best 10 Cryptocurrencies to invest in.
This article will give us a thorough insight on the best 10 types of cryptocurrency to invest in. Cryptocurrency is simply a digital asset invented to serve as a medium of exchange, using strong cryptograph to secure financial transaction, manage the creation of additional units and verify the transfer of assets. Cryptocurrency can simply be described as a digital money, which by the attribute of decentralization, is free from any form of government and central authority control.
The popularity of Bitcoin has made it seem like the only type of cryptocurrency. However, bitcoin is just one of the types of cryptocurrency, invented by Satoshi Nakamoto in January 2008. Aside Bitcoin, there exist many other types of cryptocurrencies also doing well in the capital market.
It should also be noted that some countries have started producing their own cryptocurrencies. The availability of Cryptocurrency ATMs in so so many countries have also aided in speeding up the popularity , recognition and acceptance of cryptocurrency as a medium of exchange.
It is predicted that if care is not taken, cryptocurrency will displace many countries local currencies indirectly. This will be the case when people adopt cryptocurrency more as a medium of exchange against their local fiat currency
Just like investment in cryptocurrencies have turned many people into millionaires and billionaires, it is predicted that many will still be turned into millionaires and billionaires come 2020 through cryptocurrency investment.
Below is the top 10 types of cryptocurrencies that will be profitable for investment in 2020 in order of their value;
- Bitcoin: This is the most widely recognized and accepted cryptocurrency. Invented in January 2008 by the pseudonymous Satoshi Nakamoto . In 2009, Bitcoin has practically no value until it roase to the value of $0.001 per bitcoin. Over the years , Bitcoin has wiotnessed a tremendous increase in value, though with some slashes in price from time to time. Today, one bitcoin is equal to 7,223.17 United States Dollar
- Bitcoin cash: This is an offshoot of the original bitcoin , invented and launched in 2017. Today after Bitcoin, Bitcoin cash is the next most traded cryptocurrencies worldwide and approximate same in circulation as the original bitcoin.
- Litecoin: Litecoin is in all force similar to bitcoin and it is faster in transaction than most of the cryptocurrencies with a token limit of 84million.
- Ethereum: This crptocurrency is designed to serve as a decentralized app. it is meant to displace the need for third party companies in the creation of App such as Apple. Ethereum is also bubbling in the crytocurrency market.
- Ripples XRP
- Stellar XLM
The above is not the conclusive list of all the cryptocurrencies but the top 10. Despite the unpredictable nature of the price and value of cryptocurrency, it is still advisable to invest in cryptocurrency.