Did you miss out on the cryptocurrency boom of 2017?
It happens sometimes.
Don’t worry, there are still plenty of promising cryptocurrencies available for purchase right now. And cryptocurrency is due for another bull market at some point in the not-so-far future.
That’s why we wrote this list of the five best cryptocurrencies to invest in for 2020 and beyond.
Note: Bitcoin and Ethereum have been excluded from this list. We’re focusing more on altcoins, but Bitcoin and Ethereum are great investments if you don’t currently have any in your portfolio.
Litecoin is one of the most popular altcoins. We’re not really sure why this coin isn’t the most popular coin on the market.
In fact, most users find Litecoin more convenient for everyday use than Bitcoin or Ethereum for a few different reasons:
- The fast block mining means faster transfers.
- 25 LTC reward for mining a block.
- The coin supply of 84 millions keeps the price more manageable than Bitcoin.
In addition to those wonderful benefits, Litecoin is also available on the largest cryptocurrency marketplace – Coinbase.
The experts are even surprised that Litecoin isn’t worth more than its current value, which means one thing.
It’s extremely undervalued for the purpose it serves.
2020 is the year to purchase Litecoin. And it’s one of the coins that we highly recommend adding to your portfolio if you haven’t done so already.
Basic Attention Token (BAT)
Have you heard of Brave browser?
Anyway, Brave browser rewards users with BAT for viewing ads. Users can send these tokens as a tip to any website on the internet.
Now, that might sound small, but the value of this token has only increased since it was launched with the Brave browser. That is partly due to the increase in popularity of Brave browser.
With that in mind, we recommend purchasing some BAT. You don’t need to invest much money, either. Just a little bit of fiat currency will allow you to purchase a huge amount of BAT.
NEM is an interesting cryptocurrency. Unlike many other coins that serve a single purpose, NEM is trying to do it all with a bit of a twist.
And it’s doing a great job so far.
Basically, it’s a mix between Bitcoin, Ethereum, and Litecoin. Why?
For one, you can build applications on NEM just like you can with Ethereum. In addition to that, one can harvest (not mine) NEM, which makes it similar to Bitcoin.
Finally, it has the same low costs and speed as Litecoin. The total transaction time on NEM is around 30 seconds.
The question, however, remains whether NEM will overtake any of the competing cryptocurrencies or if it will fail spectacularly because it tries to do too many things at once?
In our opinion, NEM is a promising cryptocurrency for the foreseeable future. It’s not expensive, so it’s a good coin to invest in at the moment.
Remember, you never know which altcoin will be the one that overtakes the major coins – there has to be one. Plus, many of the major coins have fairly significant problems.
You know about Ethereum, right?
Ethereum is the coin/platform that allows you to build other coins and smart contracts on top of it.
Well, NEO is the Chinese version of Ethereum with some slight differences. It has the same features and similar infrastructure, but aimed at the Chinese market that has mostly ignored Ethereum.
Remember, China is the most populous nation on Earth with an exploding middle-class that loves using technology.
It’s no surprise that NEO has been rising in value so quickly. As far as investment, it’s a legitimate coin with a $1 billion market cap and plenty of liquidity.
We recommend purchasing some NEO for your crypto portfolio – China is a huge market that can’t be ignored.
TRON makes the list mostly for one reason:
Tron acquired BitTorrent a few years ago.
This means that they could revolutionize torrenting. Torrenting is an industry ripe for a market disruption, so it’s likely to come through BitTorrent/Tron.
Of course, that acquisition isn’t the only reason that Tron made our list. Tron also launched their blockchain to the public, which isn’t something that many altcoins have actually done.
Granted, it doesn’t have many users, but that alone indicates that the team behind Tron is serious about taking the coin to the next level.
With that in mind, we believe that Tron could take off in 2020 or 2021. One more thing, it has a market cap of $1.5 billion, which places it in the top 20 of cryptocurrency market caps.
This isn’t some no-name altcoin. It’s a legitimate coin with a bright future.
For those reasons, it deserves a spot in your portfolio. File it under as a reach, but it has plenty of potential.
That covers it for the best cryptos to invest in for the end of 2020. It really does look like Q4 of 2020 or early 2021 is shaping up to be a bull year for crypto, so now is the time to invest while all the coins are on discount.
One last note, there are plenty of cryptos other than the above listed that would work as great investments – the top 25 cryptocurrencies by market cap would all be great investments.
We simply highlighted the above 5 cryptos because they have big plans for the future that place them above the rest of the cryptocurrencies.