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September 22, 2020

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Best crypto coins to invest in 2020

Ever since the third significant Bitcoin halvening occurred in May this year, increasing Bitcoin’s portfolio by an astounding 40%, cryptocurrencies have gained a lot of prominence. In 2020, financial experts and economists are widely regarding crypto coins as a broad asset class that holds a very promising future.

You see, the agenda behind cryptocurrencies is quite simple to grasp: it seeks to use technology to eliminate middlemen, such as banks, to make financial transactions less expensive, more lucrative, and highly efficient.

In this article, we will walk you through the best crypto coins to invest in 2020:

Bitcoin

As explained above, Bitcoin is the most promising and profitable cryptocurrency to invest in 2020. In the next few months, experts observe that Bitcoin will benefit from a heightened demand and reduced supply, which will bring several transformations to the crypto community.

The third halving has directly influenced the amount of new bitcoins entering the crypto market, and its supply growth has become considerably slow. Experts believe that the demand for Bitcoin, particularly given the media coverage and attention the having managed to garner, is expected to increase dramatically this year.

For beginners, Bitcoin represents a promising gateway into the world of cryptocurrencies, and industry projections reveal that Bitcoin is likely to remain the leading choice for new investors for the next few years. In 2020, the heightened demand and reduced supply growth are likely to increase the prices for Bitcoin, making it a highly lucrative investment.

Zcash

Privacy-centered crypto coins are attracting significant attention in 2020, and Zcash is leading the pack as privacy emerges as the leading priority in the crypto community. Zcash has cemented its position as one of the best altcoins to invest in 2020, and it has been labeled as the most reliable privacy coin in the world.

It is an excellent investment for those who seek more privacy and actualize the need to diversify their cryptocurrency portfolios.

Ripple

One of the most popular altcoin investments in 2020 that is expected to bring about lucrative gains, Ripple enjoys immense credibility and influence in the crypto market. You see, Ripple is a company that utilizes blockchain technology to support global transactions made by banks, corporations, digital asset exchange centers, and other payment providers.

These stakeholders rely on Ripple, the company’s cryptocurrency, to make cheaper and more efficient transactions across the globe. Ripple is the financial infrastructure that supports cryptocurrency payments across borders and throughout the world. Experts observe that now that cryptocurrencies are rapidly gaining mainstream attention, Ripple is soaring to prominence.

As more and more banks and financial institutions adopt Ripple, it is likely to boost awareness and demand, and consequently, the price of Ripple dramatically.

Basic Attention Token (BAT)

Basic Attention Token, more popularly known as BAT, is one of the most fascinating cryptocurrencies that are expected to explode this year. BAT is based on a straightforward objective, which identifies the fragmentations of the digital advertising model, and the lack of alignment in the incentives of the advertiser and the user.

While advertisers seek to encourage consumers to watch their ads, users want to skip over and get back to the content they’re watching or reading. BAT aims to realign the incentives of the advertiser and the user so they can complement each other. So, how does it work?

Users are paid in Basic Attention Tokens (BAT) to incentivize them to watch advertisements in the Brave browser, and this financial incentivization is aimed at boosting brand awareness, allowing advertisers to sell more products and services.

Choosing the right cryptocurrency for your portfolio can be a daunting task, but if you arm yourself with research and financial forecasts, the journey can be easier and more promising.

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