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Best Cryptocurrencies for investment 2020
Best digital currencies, there is no doubt that choosing the best
digital currencies for investment and knowing what digital currencies have an
important future is not easy, because the crypt o currency market includes
hundreds of digital currencies.
Trading digital currencies are achieving great profits in a short period
of time, such as Forex trading, oil trading, metal trading, gold trading, or
gold investment.
Many investors are doing Bitcoin Trading to achieve many profits in a short period of time, such as making profits from gold trading, oil trading, metals trading, forex trading, banking, mortgages, and credit.
However, the difficulty of identifying successful digital currencies
does not mean doing your trades randomly.
In fact, there are many criteria that help determine the best digital
currency for investment. For example, the uses and solutions it provides
(technology and solutions for banks and financial institutions) can be
considered a good indicator of the strength of the currency. This is a great
way to reduce risk and increase your chances by investing in strong and stable
digital currencies.
Also, better performing cryptocurrencies with the lower market value may
be good for investment, as they have good opportunities for price growth.
7 Best Cryptocurrencies for investment 2020
1. Bitcoin
Although there are hundreds of other cryptocurrencies, bitcoin remains
the first dominant cryptocurrency on the market. But more than that, the
financial giant, Bank of America Merrill Lynch, has called Bitcoin the best
investment asset in the last ten years. She said that one dollar invested in
Bitcoin in 2010 would have brought in $ 90,026 today.
Not only does this powerful currency open the doors to other currencies,
but it also leads to the crypto market. When exposed to volatility, it may
affect the entire market.
2. Lite coin
"Bit coin-Lite" is known as "Bit coin-Lite", as a
digital currency that is very worth thinking about investing in. Transaction
speed is the main difference between Lite coin and Bit coin. Aside from speed,
investors are concerned that Light Coin also offers a zero-zero cost to conduct
transactions. This makes it an ideal currency for traders interested in the
external transaction cost factor.
3. Dash
Dash is distinguished by giving the investor a great return in a short
period of time, as Dash is considered a copy of Bit coin, as it provides many
advantages such as Bit coin.
4. Stellar coin
Just as with the XRP Ripple, the individual value of Stellar coin, known
as “Lumens” or (XLM) is very low. Nevertheless, its total market value makes it
one of the largest crypto currencies in the world. It is worth noting that Seller’s
approach is quite different from other digital currencies because some of its
stated tasks include combating poverty and providing financial solutions for
individuals without bank accounts.
5. EOS
Just as with Ethereum, EOS enables developers to build blockchain-based
applications, focusing on decentralized applications (DApps) and smart
contracts as well as independent decentralized companies. The EOS symbol
quickly became popular for the crypto to establish itself among the top 10
numeric currencies by market value.
6. Ripple XRP
Ripple XRP is distinguished by giving the investor a large return in a
short period of time, as Ripple is a copy of Bitcoin currency, as it makes
profits such as Forex trading, oil trading, metal trading, gold trading or gold
investment, as it provides many advantages such as Bitcoin.
7. Ethereum ETH
It is the second most traded cryptocurrency worldwide.
"Ethereum" is a decentralized system of computers connected to each
other around the world, which uses a set of applications on which many orders
are executed according to smart contracts, and this process stimulates the
conclusion of traditional contracts.
Many institutions and companies have been involved in its promising
project, including Microsoft, Samsung, Intel, and JPMorgan, and there are about
86 other institutions that have partnered with the Enterprise Ethereum
Alliance.
This means that the future of the Earthrium looks bright, mainly
because it continues to expand and engage more large companies to invest more
in its project.
This in turn will increase the value of "Ethereum",
making it an attractive option for investing and trading.
The best digital currencies to invest today may not be so in the
foreseeable future, as hundreds of currencies compete at every moment for
leadership and success, but only a few of them achieve success and capture the
largest market value.
There are also a lot of new digital currencies that
appear and escalate strongly and then die and disappear. And of course, there
are currencies that have held for years and have yielded strong results.
Before thinking about investing in any of them, it is absolutely
essential to understand their long-term benefits and potentials.
Therefore,
tracking its developments and monitoring its events is very important. It would
be more beneficial to have a diversified trading strategy in the field of Crypto
currencies, to reduce the risk of sometimes violent price fluctuations for some
currencies.
