Which cryptocurrencies to invest in in 2020

What projects are worth investing in? Which coins under $1 can shoot in 2020? Hello everyone, DmitryPetrov2 is with you again. Want to know which cryptocurrency is the best to invest in in 2020? Selecting a few coins/tokens from the 2157 that are presented on coinmarketcap.com is quite a difficult task. I have conducted an analysis for you to help you make a choice. So, are you looking for the next big thing and new investment in cryptocurrency? Maybe you're thinking, "Should I invest in Bitcoin?" Or “Should I invest in Ripple?” Here is a list of the most promising and best cryptocurrencies to invest in 2019.

2018 was a very difficult year for the entire cryptocurrency industry. An endless fall, interspersed with short breaks. All the traders were pretty exhausted waiting for the native. The situation began to slowly improve towards the end of the first quarter of 2019.

The total market capitalization increased by 44%. From 125 billion dollars on January 1, 2020 to 180 billion on the day of writing;

2. Not all laurels belong to Bitcoin . The altcoin market also grew by 50%. On January 1, capitalization was 60 billion dollars, and today it is already 90.

However, Bitcoin's remains very strong. Since mid-August 2020, this number has not fallen below 50%. This means that Bitcoin takes up over half the volume of all traded cryptocurrencies.

Bitcoin (BTC)

Of course we will start with Bitcoin . The choice is obvious. BTC is by far the largest cryptocurrency and the oldest coin, holding over 50% of the market share. Traded on every exchange, from every source we receive news about Bitcoin . Whether it fell or grew. Were sanctions introduced or, conversely, new positive laws appeared from regulators. Bitcoin remains in a completely unique position, which cannot be said about other cryptocurrencies. Bitcoin is still seen as a representation of cryptocurrency in general and as a representative of the cryptocurrency market. It's unlikely that Bitcoin will lose its status too quickly, which is why BTC remains one of the safest and best cryptocurrencies to buy right now. Despite market uncertainty and a bear market in general, I am confident in the long-term growth of this valuable asset. This is also predicted by the world's top analysts and traders. Additionally, there are currently only 17,635,300 BTC . Some of which are irretrievably lost. And I think it would be a good long-term investment to have some Bitcoins in a cold wallet. Of course, if your financial situation allows it.

Bitcoin has disadvantages with the speed of transfers, scalability, and constant new hard forks. But progress does not stand still and new technological developments will eliminate these shortcomings. But it is not exactly.

Possible risks of investing in cryptocurrency

Virtual money is not backed by anything and may be subject to blocking by government regulators.
You can lose everything if the electronic money quotes quickly fall.
In a large number of countries, the circulation of virtual money is not regulated by law or is completely illegal.

In conclusion, we also recommend watching the videos -
What is cryptocurrency:

What is Bitcoin in simple words, who created it and when, what is it for:

How to buy or sell Bitcoin:

The Richpro.ru team hopes that we were able to answer your question. If you still have any questions, ask them in the comments below. See you again on the pages of our magazine!

Ethereum (ETH)

During the cryptocurrency market's strongest run in late 2017 and early 2020, the price of Ether soared to $1,600. This happened on January 13, 2018. ETH's market capitalization was around $138 billion. ETH is up nearly 3,000%, making it one of the best cryptocurrencies to invest in 2020.

As we can see, the price of Ether has increased by almost $100. The bottom was recorded on December 15 at $83. Today the price is already 180 dollars. Whether it is a good idea to buy Ethereum or not is up to you to decide. ETH is not just a cryptocurrency, it is a more advanced blockchain technology than Bitcoin. This technology allows other blockchain projects to be launched on the Ethereum .

ETH-USD chart on the Bitstamp , we see what colossal volumes were purchased after the big drop. These volumes can act as a catalyst for further growth of the currency. I believe that Ethereum has every chance of becoming one of the top cryptocurrencies for long-term investing in 2020.

What's next

Select cryptocurrencies worth investing in in 2019. Here, rely only on your inner instinct and experience. If you like a certain coin and believe in the promise of its technology, prepare your money.
Look at the “Rating of the best and most reliable cryptocurrency exchanges in Russian for 2020.” These are platforms where you can buy the selected cryptocurrency.
If you doubt whether you should invest in cryptocurrency now, see the article “Is it worth investing in cryptocurrency in 2020?”

Write in the comments your opinion about which cryptocurrency to buy in 2020 for long-term investment? We need to know your opinion.

Ripple (XRP)

Ripple closes the top three . Serious people behind the project, high technology, a large number of partners around the world, but for some reason the coin never takes off. I think 2020 will be a turning point for XRP . Ripple remains a low-risk investment due to its huge growth potential by the end of 2020. Ripple is building a serious international network with hundreds of members . These are banks, payment systems and liquidity providers. Ripple has developed technology that could revolutionize the payments industry. Ripple blockchain is close to this and will likely achieve the goal in the near future. Ripple could become an alternative to the SWIFT currently used for international money transfers. This system has been in place for 45 years. Every major bank in the world uses it. Ripple is working hard to attract more partner companies to use its technology. This should ultimately lead to a significant increase in the price of XRP . With growth of over 30,000%, Ripple has become one of the best cryptocurrencies to invest in 2020. It grew from just $0.006 at the beginning of 2020 and reached $2.4 by the end of 2017.

In the current bear market, like all other cryptocurrencies, Ripple's has declined in the previous year. At the time of writing, XRP is trading around $0.35. Ripple is currently the third top cryptocurrency after Bitcoin and Ethereum , with a total market capitalization of approximately $14.8 billion. Now may be the time to buy Ripple , which is down nearly 90% from its all-time high of $3.4 reached in January 2020.

How to invest in cryptocurrency - 6 concrete steps

The casual style of investing in cryptocurrency leads to rapid loss of money and disappointment. Successful activities require a clear plan, knowledge and patience. We invite you to familiarize yourself with step-by-step investment instructions. It will help you avoid major mistakes and earn profit.

Step 1. Choose a cryptocurrency for investment

When choosing a cryptocurrency for investment, you should not focus on the current exchange rate. A cheap coin can demonstrate impressive growth in a short period of time. For example, at the beginning of 2020, Binance Coin (BNB) cost $8.4, and today its rate is $21.73 (+ 258%).

It is better to invest money based on the size of capitalization and interest from other investors. If cryptocurrency is actively discussed in the media and professional community, it means it has a future.

NOTE. If you are wondering where to invest 100 thousand rubles in 2020, then, in addition to the cryptocurrencies already listed in the article, capitalization leaders such as Bitcoin Cash, EOS, TRON, Cardano, NEO, Stellar deserve attention.

Step 2. Choose an investment method

How to invest in cryptocurrency? For novice investors, medium-term investments are more suitable - buying coins and implementing a “buy and hold” strategy. This method is not as risky as investing in startups, cloud mining or trading. It also does not require professional knowledge.

It is more profitable to buy coins on a cryptocurrency exchange than at an exchange office. You can store a small amount or unpopular tokens directly on it. But if you have made a large investment (from $500) to purchase tokens, it is better to immediately withdraw the funds to your wallet. So that the money is not stolen.

This is interesting. Another profitable line of business is investing at interest. What is it? You can lend digital coins at interest to traders (on Poloniex) or cryptocurrency exchanges (on Yobit). Miners also need borrowed money to create cryptocurrency mining farms. People place advertisements “Looking for an investor” on the Internet (in particular, on the website start2up.ru). You yourself can leave an offer to potential borrowers: “I will invest in your project.”

Step 3. Create and top up your wallet

To invest in cryptocurrencies, you need to register with one of the popular payment systems. By replenishing your account with them, you will later be able to buy tokens at exchange offices and stock exchanges. Yandex Money, Qiwi, Advanced Cash, Payeer, and Sberbank online banking are suitable.

IMPORTANT. There may be problems with Webmoney. On cryptocurrency exchanges, depositing funds from wallets of this payment system is not available, and exchange at points is available only through transit currencies (you will have to pay a huge commission).

You will also need a wallet in which you will store the cryptocurrencies themselves. Most owners of top coins register in the Blockchain system. To enter the wallet, a password and ID are used. Be sure to write them down on paper after registration, keep them away from prying eyes and don’t lose them. In addition, we recommend that you immediately enable two-factor identification and SMS confirmation in your security settings.

For more information on how to register and verify a wallet on Blockchain, see here:

The virtual wallets Cryptonator, Exodus, and Electrum are also popular among digital money owners. Top coins can also be stored in accounts of payment systems Advanced Cash, Payeer.

Step 4. Buy cryptocurrency on the exchange

One of the main tasks of an investor is to choose a reliable exchange for investment. We recommend purchasing cryptocurrency on one of the platforms listed in the lower table. They have many positive reviews among investors.

Table 2 “Best exchanges for investment”

Name	Description
EXMO	The largest exchange in the CIS countries. It has a Russian-language, intuitive interface and 24-hour support service. A huge list of cryptocurrencies in the listing. The commission for depositing funds is 2.95-4.45%, for withdrawal - 0-1.5%.
Poloniex	This American exchange has a high reliability rating. Has all popular coins listed. Provides the opportunity to earn additional income through interest-bearing loans. There are no commissions for depositing or withdrawing funds. The main disadvantages of the exchange are the lack of a Russian-language interface and mandatory account verification.
Binance	Leader in daily trading volume. The exchange website can be switched to the Russian version. There are more than 200 cryptocurrencies listed. The exchange does not work with fiat money, but since 2020 it has become possible to deposit funds using a plastic card (for example, Sberbank Visa).

Buying cryptocurrency is a matter of a couple of seconds. For example, on the Exmo exchange you just need to find the “Quick Exchange” tab at the top, indicate the currencies you want to exchange and the required amount.

Step 5. Constantly monitor the market situation and analyze

Once you receive cryptocurrency in your portfolio, take your time to relax. Investment strategies in the stock and cryptocurrency markets are significantly different.

So, you can buy shares of top companies and forget about investing for 5-10 years. Most likely, securities will increase in price by tens (hundreds)%. But cryptocurrencies have high volatility, and it would be a sin not to take advantage of this. As soon as you see a sharp rise, don’t wait, sell the coin and take profit. Because there will be a collapse in the future. On a downturn, buy again. Essentially, the best investments in cryptocurrencies are the “golden” mean between trading and long-term investing.

Advice. Check the coin rate every day.

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