Cryptocurrencies have changed the business world by adding yet another asset that individuals and organizations can invest in. Although only 3% of people currently trade with digital money, the number of investors is growing steadily all over the globe.
However, business persons and their HR Software willing to invest in cryptocurrencies have to be very careful and spend a lot of time and effort trying to evaluate future trends in this field. It is by no means an easy task, so it’s always better to consult different sources and try to identify the best opportunities.
In this article, we will explain to you the advantages of cryptocurrency investments and show you the top five digital coins to buy in 2020. Let’s check it out!
Reasons to Invest Into Cryptocurrencies
Before we name the most promising investment opportunities, we need to mention a few basics. Expert writers at Edugeeksclub define cryptocurrencies as digital assets developed with a purpose to complement traditional money and ensure the safety of financial transactions in the online environment.
One of the fundamental questions is why would you buy cryptocurrencies at all. As it turns out, there are many reasons to do it:
- Accessibility: Digital coins are widely accessible and you can trade them wherever and whenever you want.
- Security: Investing in crypto money, you don’t have to fear identity thefts or frauds.
- Lower fees: The costs of cryptocurrency transactions are much lower than traditional exchanges.
- Portfolio diversification: You can use crypto coins to diversify the portfolio of investments and broaden the scope of work.
- Faster transactions: Cryptocurrency operations are conducted almost instantly, so you don’t have to waste any time at all.
5 Crypto Coins to Buy Next Year
The five best cryptocurrencies to invest in next year. Let’s check them out one by one.
Ethereum is based on a popular dApp processing platform, which is exactly where it derives its power from. According to live price tracker, this coin currently costs over $270, but the 2020 predictions are optimistic. Some analysts even claim that Ethereum can even reach Bitcoin. Although we disagree with this statement, we also believe Ethereum is going to grow next year.
The list of the most promising cryptocurrencies would be incomplete without Bitcoin. It’s like talking about content creation services and not mentioning market leaders such as australianwritings.com or AssignmentHelper.com.au.
After three years of major ups and downs, Bitcoin finally stabilized in 2019 and it currently stands still at about $11.7 thousand. It’s the best solution for investors who want to play safely and hope for a small long-term return on investments.
Litecoin may be much cheaper than Bitcoin or Ethereum, but it doesn’t fully reflect its market potential. For this reason, we think investing in Litecoin could be a huge opportunity for all of you clever business people. How come? First of all, it costs somewhat more than $100 so you don’t have to risk too much. Secondly, Litecoin has technical preconditions to become a global transaction network, which is more than enough to make you consider investing.
Another cryptocurrency with the potential to dominate the market is Ripple. It is worth barely $0.33 at the moment, but things could change quickly if Ripple becomes the official solution for banking infrastructure. Some reports say that Visa and Western Union might soon embrace Ripple as their under-the-hood technology, which is quite a big deal for this digital currency.
NEO currently costs almost $15, but we are sure it will grow significantly in 2020. The coin’s infrastructure is full of potential and it is the main reason why the Chinese government is also thinking about joining the NEO game. If this happens any time soon, NEO might as well become one of the most profitable cryptocurrencies for agile investors.
Investing in cryptocurrencies can be a highly profitable business opportunity, but you have to be able to follow the latest market trends and understand how to buy or sell on time.