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September 22, 2020

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Top 5 cryptocurrency today

In 2020, investors have to choose the most lucrative investments from a vast pool of over 400 cryptocurrencies that have been introduced in the market. If you wish to buy or invest in cryptocurrencies this year, the decision will not be easy, and you will have to focus on research and financial forecasts to guide your decisions.

Lucky for you, we’ve undertaken the initiative to conduct research and walk you through the top 5 cryptocurrencies that are expected to enjoy steady growth and increased influence in the global arena.

Here, take a look:

Bitcoin

Any discussion on cryptocurrency investments always begins with Bitcoin and rightly so, for it enjoys unrivaled growth, influence, and demand in the market. Being the most trusted and most used cryptocurrency to date, Bitcoin is the ideal cryptocurrency to start building a lucrative investment portfolio.

Financial experts often refer to Bitcoin as the “king of cryptocurrencies” and, forecasts reveal that in the next few years, Bitcoin is likely to emerge as the most viable medium for digital cash across the globe. This makes sense, given the fact that Bitcoin is fully decentralized and does not come under any kind of regulation.

Bitcoin claims the number 1 spot because it boasts the highest liquidity rate in the crypto market, and Bitcoin transactions are simple, convenient, and profitable.

Ripple

Ripple is the second-best pick for crypto investments in 2020, and experts observe that this year is the best time for investors to add Ripple XRP to their portfolios. Ripple’s price and value have been falling steadily since summer 2017, and presently, this cryptocurrency is being traded at massively discounted rates.

Before investing in Ripple, it is crucial to understand this cryptocurrency works directly with the largest banks and financial institutes across the world. Experts observe that if Ripple is adopted by banks worldwide, it will cast several long-term positive impacts on the value and price of this currency, making it an excellent candidate for HODLing.

Ripple facilitates instant transfers across the globe, and as compared to Bitcoin, which can only manage five transactions per second, Ripple offers more than 1500 transactions per second.

Zcash (ZEC)

In 2020, privacy is the most pressing concern for the cryptocurrency, and therefore, privacy-centered crypto coins are expected to enjoy unmatched growth and stability. Zcash is the leading privacy coin and one of the most popular altcoin investments to make this year.

The influence and credibility of Zcash stem from the burgeoning significance of privacy in the global cryptocurrency market. While the first wave of cryptocurrencies focused solely on decentralization, today, privacy is a more significant concern as cryptocurrencies are now gaining more traction and popularity.

Litecoin

Given its significant market capitalization rate and high liquidity rate, Litecoin is one of the leading cryptocurrencies to invest in 2020. Novice investors and corporations that seek to steer clear of risky investments tend to avoid crypto coins with smaller communities and insignificant market capitalization rates. Litecoin is a viable investment as it enjoys stability and steady growth.

Experts believe that Litecoin is likely to enjoy significant growth in 2020 and the years to come, partially due to its limited supply and a high block reward as compared to other currencies. More importantly, Litecoin boasts a much faster block mining time as compared to most other cryptos.

Despite the volatile competition, experts remain confident that Litecoin will definitely remain one of the most stable and most robust altcoins by the end of the year.

Monero

Last but most certainly not the least, Monero is one of the most promising cryptocurrencies to invest in this year, and privacy is the driving force behind its popularity. You see, Monero is the most stable and prominent privacy coin in the world, and the most viable option for investors who seek to make anonymous transactions.

Its non-traceability allows investors the freedom to conduct transactions without any government regulations or oversight. The limited circulation supply of Monero is another reason why this currency is expected to go big this year.

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