TOP 5 CRYPTOCURRENCY TO INVEST IN 2020

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After the stock market, cryptocurrencies happen to be the best option for investment in 2020. Lakhs of people are investing in Bitcoin which are currently the most popular cryptocurrency. Nevertheless, we will be speaking of other altcoins in this blog as well which we think might offer good returns in the long run.  

Presently, the crypto market is witnessing some massive changes including the changing Bitcoin price, Tether taking the place of TUSD, and more. What’s more, the crypto market has also skyrocketed from 130 billion USD to 250 billion USD in just three months. 

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How Did We Come Up With This List? 

Before jumping into the detailed list of the top 5 best cryptocurrencies to invest in 2020, it is important that you learn how this list was created. We didn’t simply copy this list from a source, rather we used a few basic rules: 

  • The team behind the project and the technology they offer 
  • The threats the project might encounter 
  • The tactics used to reach key goals 
  • Its rolefeatures, and purpose 
  • The difficulty faced by developers in leveraging DLT 
  • The level of traction for the project 
  • A technical analysis to determine the future of the asset  

Please keep in mind that the method we used doesn’t necessarily serve as investment advice. Nevertheless, you can use it as an investment opinion or educational material. 

Now To Your Question – What are the top 5 cryptocurrencies to invest right now?

1. BITCOIN (BTC) 

Total Supply 21,000,000 BTC
Price $7,715.15
Circulating Supply 17,987,900 BTC
All-Time-High $19,870.62
Market Cap $150,775,185,969
All-Time-Low $0.010
Consensus Protocol Proof-of-Work (PoW)

Yes, you saw that right! 

Presently, the most popular cryptocurrency is the most undervalued coin in the market. 

Bitcoin needs no introduction. After all, it is the most well-established, and liquid digital asset that has stood the test of time. It is also the first cryptocurrency that could capture the heart of people who wanted a viable alternative to the present fleeting banking system. 

Furthermore, the proof-of-work, and consensus mechanism that bitcoin rocks are also found to be the most secure consensus protocol. So, what makes bitcoin the most undervalued cryptocurrency of 2020? 

  • It has seen many bull and bear cycles and seems to be awaiting the next bull run. 
  • It promotes mass adoption in the retail industry. 
  • Regulatory guidelines are slowly gaining more clarity in different countries. 
  • It is the most liquid cryptocurrency in the world. 
  • It features the most trading pairs. 
  • It can potentially become go-to-hedge. 
  • It is the cryptocurrency that’s most popular among people. 

2. ETHEREUM (ETH) 

Total Supply
Price $136.10
Circulating Supply 108,114,062 ETH
All-Time-High $1448.18
Market Cap $19,949,805,779
All-Time-Low $0.15
Consensus Protocol Proof-of-Work (PoW)

Another well-known, yet an undervalued cryptocurrency is Ethereum. If bitcoin popularized blockchain’s applications, Ethereum was the first to feature Smart Contract functionality. Released by Vitalik Buterin in 2013, Ethereum is also considered the enabler of Initial Coin Offering – a crowdfunding mechanism. 

Why is ETH an undervalued cryptocurrency? 

  • Pioneer in the smart contract arena. 
  • There are a lot of financial instruments supporting ETH. 
  • Being a smart contract platform, it serves many useful blockchain projects. 
  • It is popular for issuing smart contracts for crowdfunding and dApp projects. 
  • It rocks an immense lot of cross-industry partnerships when it comes to dApps deployment. 

3. BASIC ATTENTION TOKEN (BAT) 

Total Supply 1,500,000,000 BAT
Price $ 0.185716
Circulating Supply 1,350,250,672 BAT
All-Time-High $0.97
Market Cap $271,760,779
All-Time-Low $0.069
Consensus Protocol Proof-of-Work (PoW)

Basic Attention Token was brought into existence to acknowledge the problems in the digital advertising arena that was once plagued with fraud and non-value adding intermediaries. BAT serves as a utility token and its first use case happens to be integration with Brave – a privacy-centric web browser. 

Why did we classify Basic Attention Token as an undervalued cryptocurrency? 

  • Brave is presently gaining traction. 
  • BAT is in search of possible integration opportunities with dApps and other browsers which will help enhance the demand for its tokens. 
  • Being an ERC20 token, any improvements in the Ethereum network will further boost BAT’s potential.  

4. CARDANO (ADA) 

Total Supply 45,000,000,000 ADA
Price $0.0378868347
Circulating Supply 25,927,070,538 ADA
Consensus Protocol Proof-of-Stake (PoS)
All-Time-High $1.18
Market Cap $1,056,868,964
All-Time-Low 0.00

Akin to Ethereum, Cardano is also a Smart Contract platform with the only differentiating factor being certain advanced features that Cardano rocks. Cardano is widely regarded as a third-generation blockchain that is more scalable, secure, decentralized, useful, and sustainable.  

What makes Cardano an undervalued cryptocurrency? 

  • Majority of the Cardano users belongs to Japan, a country that is thought to achieve cryptocurrency mass adoption. 
  • Its value proposition is similar to Ethereum and it also possesses certain other value-added features such as consensus protocol. 
  • Cardano brought interoperability into existence, a feature that is most sought after in blockchain. 
  • They are turning some of the high-profile partnerships into reality after 5 years of rigorous improvements and testing. 
  • The team behind Cardano is continuously working on adding some of the best features in the industry to its framework.  

5. TRON (TRX) 

Total Supply 99,281,283,754 TRX
Price $0.01405132
Circulating Supply 66,682,072,191 TRX
All-Time-High $0.39
Market Cap $1,060,581,544
All-Time-Low $0.0016
Consensus Protocol Delegated Proof-of-Stake (DPos)

Again, Tron is a smart contract platform that mainly concentrates on decentralizing the internet by harnessing the power of blockchain technology. Tron offers a virtual machine that works 100% in sync with Ethereum’s virtual machine. Thus, Ethereum dApps can now operate on TVM with minimum amendments.  

Thanks to its immense marketing activities, Tron currently happens to be one of the most effective blockchain platforms in the dApps sector.  

How did Tron become an undervalued cryptocurrency? 

  • It rocks a substantial social media presence and marketing team.  
  • Their community is supportive and passionate. 
  • It is faster and cheaper to move TRC20-based Tethers. 
  • Holding TRX makes a brilliant way of earning passive monthly income through BTT airdrops. 
  • TRC20 USDT holders can earn around 16% APR for limited time holding. 

Final Thoughts 

If you were to invest in an undervalued cryptocurrency, which one would you choose from this list? 

Surprisingly, we will always go with Bitcoin which will always remain the best choice.  

It is the most popular, liquid and important cryptocurrency. What more can you ask for? 

 

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