Due to the increasing demand for digital currencies in the market and considered to be low risk from now. Bitcoin has become the best cryptocurrency for investment. Cryptocurrency continuously attracts new investors. Although it is difficult for fresh investors to find out which cryptocurrency is best for investing?
Take a look and discuss which cryptocurrencies are best for investment in 2020.
If you are new to this, then you should know about only one cryptocurrency, which is bitcoin. It can be considered as the huge and big cryptocurrency out of all. As it now acquires a total share of about 40% in the whole cryptocurrency market. As it is a very old one. But still, it gains popularity in the market. Although, if it still increases like in the year 2017, then investment in the year 2020 in the bitcoin can be considered as an excellent idea. The price of bitcoin negotiates every day. It may have a pen down throughout the years. The crazy thing is that its ties were fluctuating in February 2018. It goes high in December 2017 and suddenly fluctuates in February 2018. By taking a view at its fluctuation rate, it is difficult to decide whether an investment in the year 2020 is good or not?
But still, we are trying to catch the answer by looking at its old events.
If you want to invest money in bitcoin, then research thoroughly and gain depth knowledge and information about bitcoin. Learn how it works. Know everything about its price fluctuation. Read carefully about its old events. Keep up to date with its daily and latest news. Keep in touch with the trend of bitcoin. You should think about purchasing a bitcoin when fresh technical news about bitcoin is leaked.
If you are continuously watching that bitcoin price is falling down or even goes very down, then it is the right time to buy the bitcoin at a very low price. If your mindset is crystal clear and you had already decided to invest in cryptocurrency.
Then investing in bitcoin might be worth it for you. It may be a good opportunity for you to investing in bitcoin for the very first time.
If you believe in the future of cryptocurrency or not. If you believe, then you can think about investing in it, and it might be the best idea for you. And if you don’t think it is good for you to stay away from any kind of investment.
2. Ethereum (ETH)
If you take a look at the event of last year, we will get to know that the price of Ethereum was rapidly growing. And, it is holding a complete market cap of about $70 billion. It is growing and higher than $720. In the year 2018, Ethereum goes very high and reached a price of about $1423 on January 4. If we talk about its complete market cap at that time, then it was $138. It is at a peak in the year 2017 and increased by about 3000%. It is placed after the bitcoin. And it is considered the second largest cryptocurrency globally. For more information you can go through official website
After reading this, a lot of question arising in your mind,
- Is investing in Ethereum a good choice?
- Is the price of Ethereum will go up or not?
- Is the investment in Ethereum in the year 2020 is right or wrong?
After all, the answer to this is nothing is predictable. But still, we decide after looking at its past events.
Note:- It is not only a digital currency. It is something more impressive or advanced project of Blockchain. It offers more specialized things. By utilizing its developed platform, an individual can bring its cryptocurrencies.
So, I suggest you enroll Ethereum in your list. It might be profitable for you. According to me, it may be a good choice for investment in the year 2020.
So, let’s discuss some advantages of investing in bitcoin.
- In this, the risk is lesser.
- Bring fresh and new opportunities for you.
- Hold more liquid investment as compared to others.
- Trading is simple with this.
- Directly sell and buy.