Do you want to know what is the best cryptocurrency to invest in 2020? Knowing which blockchain technology to invest in can be a difficult task. With hundreds of cryptocurrencies to invest in, where do you start?

It can be overwhelming and confusing when you first start looking for the best cryptocurrency to buy now, but we’re here to make it easy for you. Lucky for you, we’ve used several factors before choosing the best cryptocurrency to invest in. First, before you start investing in crypto, it is important to develop a successful trading strategy.

So, are you looking for the next big thing and for a new cryptocurrency investment? Maybe you find yourself thinking “What if I invest in Bitcoin ?” or “Should I invest in Ripple ?”

Here is a list of the most promising, best cryptocurrencies to invest in for 2020.

Best Cryptocurrency to Invest in 2020

Just as there are the best currencies to invest in for 2018, this year is also full of great opportunities. This means there are still opportunities to get rich, but you just have to know where to put your money.

At the time of writing this article, based on Coinmarketcap statistics there are 2120 different cryptocurrencies. The market cap of all cryptocurrencies is more than $112 billion after reaching a peak of $813 billion in January 2018.

The cryptocurrency market has many altcoins and there are other best cryptocurrencies to invest in besides Bitcoin. Many people believe blockchain technology is the next big thing.

Although it is difficult to predict the future, the fact that we have a secure and decentralized technology gives us a strong reason to be positive.

Moving forward, we’ll share what the best cryptocurrencies are to buy right now.

The digital coins we have chosen have a good chance of significantly outperforming the market in 2019.

Let’s start!

Best Cryptocurrency to Invest

We have a very good chance of reaching a bull market in 2020 for various reasons that we will mention throughout this guide. In the case of a bull market, we will see almost every major cryptocurrency surge in significant price.

However, there are a few cryptocurrencies that we think we can make a strong case for. They are among the safest investments in terms of prices falling further. So, if we will not see a bull market, we will not lose any money.

Trading or day trading currency requires you to take risks. To reduce the risk of crypto trading, you should diversify your holdings and invest in  different  types of currencies. This way, if one currency underperforms, your investment will still be protected.

Most cryptocurrencies have a strong connection to Bitcoin, which means that Bitcoin should make up the majority of your portfolio. This coin accounts for 40 percent of the total market, after all. In some ways, Bitcoin is similar to bonds in the sense that it is often the basis of portfolios with risky investments (such as stocks).

Studying historical price charts will make it easy to see whether a currency is closely related to Bitcoin or not. We also recommend paying close attention to developing crypto news stories. With balanced risk and reward, you can take advantage of the natural growth of the crypto industry.

Best Cryptocurrency to Invest 2020: Bitcoin (BTC)

Bitcoin is a very clear choice for the best cryptocurrency to invest in, and has seen Bitcoin have an incredible 2020 so far. Between January 1st and May 1st of this year, the coin increased in value from $3,862 per coin to $5412 per coin. If you had invested in Bitcoin on January 1st, your monthly rate of return would be almost 10 percent. BTC is by far the largest cryptocurrency and the oldest coin owning more than 40% share of the top cryptocurrency market.

Bitcoin is currently becoming the market leader!

You can find Bitcoin listed on every single cryptocurrency exchange!

Bitcoin makes mainstream news every day and it is known to almost everyone.

Following Bitcoin’s steady rise, the price remains stable. This indicates to the trader that the increase in value is genuine and likely to be sustained. Over the past few years, Bitcoin has increased its utility significantly. Currently, many e-commerce stores, grocery stores, and even restaurants around the world accept Bitcoin as a form of currency. Bitcoin remains in a unique position that we cannot say about other cryptocurrencies and continues to be seen as the image of cryptocurrency as a whole and as a representative of the cryptocurrency market.

Bitcoin is also considered to be of great value to many people in the crypto world. Wherever you agree with it or not, this is how BTC is seen by some people.

It is highly unlikely that Bitcoin will lose its status too quickly which is the reason why BTC remains one of the safest and best cryptocurrencies to buy right now. As an industry leader, Bitcoin is often the “gateway coin” that helps crypto companies expand their reach. In other words, if Bitcoin is doing well, the entire cryptocurrency industry is also doing well (and vice versa). Find more bitcoin resources here.

Taking everything into consideration for cryptocurrency predictions 2019 we can safely assume that Bitcoin prices will remain high.

Best Cryptocurrency to Invest 2020: Ripple (XRP)

Ripple remains a low-risk investment. This makes it safer, but with room to make small profits if the bull market is around the corner for 2020. However, if you want something to maximize your profits, we think the Ripple cryptocurrency is the best cryptocurrency to invest in.

Ripple has established itself as one of the most stable cryptocurrencies in the industry. Aside from Bitcoin, Ripple has enjoyed some of the most predictable price movements. In addition, because Ripple experiences more than $800 million in daily trading volume, it is among the most liquid cryptocurrencies available. The company behind Ripple is building a huge international network, with hundreds of members. They are banks, payment processors and liquidity providers.

Ripple has developed technology that can revolutionize the way payments are made. The Ripple blockchain remains the closest and most likely to achieve that for any real degree.

Ripple can be an alternative to the SWIFT system currently used for international money transfers that has been used for 45 years and is used by every major bank in the world.

Ripple is working hard to get more companies to use their technology which will eventually cause the price of XRP to rise significantly.

With a growth of around 36,000%, Ripple is the best cryptocurrency to invest in for 2017. It grew from just a few cents at the beginning of 2017 and reached $2.4 by the end of 2017.

See the chart below:

Since we are in a bear market, like all other cryptocurrencies, the price of Ripple has decreased in the previous year and at the time of writing this article is trading around $0.30.

Ripple is currently the second best cryptocurrency after Bitcoin with a total market cap of $12.6 billion.

It might be a good time to buy Ripple, which is almost 70% off its all-time high of $3.4 in January 2018. As of 2019, the market cap for Ripple has exceeded $12 billion. Buying an individual coin is very cheap. Throughout 2019, Ripple mostly floated between $0.28 and $0.38 per coin. As the company behind Ripple continues to build valuable connections in the business world, Ripple may be on the verge of breaking out of its current price channel.

Let’s see what the third option is for the best cryptocurrency to buy now.

Best Cryptocurrency to Invest in 2020: Basic Attention Token (BAT)

Basic Attention Token is a cryptocurrency token designed to bring new ways of sponsorship on the internet. The Internet is mostly based on paid advertisements. When you open a website there are always a lot of ads. Contrary to Bitcoin and Ripple, BAT is a coin that is still outside of “finding”. The coin has experienced above-average levels of volatility, but it has also generated impressive returns.

That reliance on increasing revenue and monetizing content through ads is what makes BAT a good candidate for the best crypto of 2019. So far the coin has more than tripled in value. Between January 1st and April 20th, the coin increased in value from $0.13 to $0.44 per coin. Although the coin has experienced a slight decline since then—dropping around $0.37 per coin—its gains have still been impressive.

The team behind BAT envisions a world of sponsorship where we decide to support our favorite creators. For this purpose, they created a BAT coin and inserted it into the BRAVE browser.

Currently, there are approximately 1.3 billion BAT coins in circulation. The 24-hour trading volume is $108.6 million and the current market cap is $466 million. Although this figure is much smaller than Bitcoin and Ripple, BAT is a coin that is on the rise. This is probably one of the best coins for risk tolerant investors in 2020.

Best Cryptocurrency to Invest in 2020: Ethereum (ETH)

During the strongest cryptocurrency bull market, the price of Ethereum soared a little closer to $1600 which was reached on January 13, 2018. At that time, Ethereum’s market cap was around $138 billion. ETH is up almost 3000% making it one of the best currencies to invest in for 2017. So far in 2020, Ethereum has started to gradually reverse its losses from late last year. The coin is getting more and more attention from crypto developers and has been able to maintain most of its positive gains.

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 enables other blockchain projects to be launched on the Ethereum platform. While Ethereum traded around $140 per coin at the beginning of the year, the current price is close to $200 ($196.48 on May 11). Ethereum charts typically move in lockstep with Bitcoin, dropping around the end of 2018 and experiencing positive gains so far this year.

With a spot price of about $200, Ethereum is an excellent “intermediate” coin that is cheaper than Bitcoin, but more expensive than BAT and Ripple. Buying coins at different price points can help make your portfolio more diverse and dynamic. Ethereum is also an excellent alternative to hedge the risk of buying new coins.

We encourage you to give Ethereum a chance, as it has the potential to be the best cryptocurrency to invest in in 2020.