Who would’ve thought that we’re going to reach a point where we can sit in front of our computers and mine “virtual money” that have a much higher value than the regular currency that we all use, such as the dollar for example. The Bitcoin managed to reach a value that’s twenty-two thousand times higher than the American dollar, and who knows what’s going to happen in the future.
Cryptocurrency is something that attracts a lot of people, especially those who are interested in computer systems because they happen to understand the entire concept a lot easier. But, that doesn’t mean that anyone who’s into making money and investing can’t get into the crypto-circles and make some sweet profit a few years from now.
Talking about something like Bitcoin is very interesting because there are so many things and stories that can be told, such as the one with the pizza that was sold for 20,000 Bitcoins, but we are going to leave that for another time. Instead, what we are going to focus on today are some of the best crypto-currencies that you can purchase in 2020, both if you are interested in “day trading” or holding them for a longer time. Let’s take a look.
It was pretty obvious that we are going to start the list with the most popular crypto-currency in the entire world. According to statistics, the Bitcoin holds more than sixty percent of the entire market share. Although some people dislike the block-chain, they cannot deny the fact that when Bitcoin starts to drop, the rest of the market does the same. Other coins are using a different sort of technology, such as IOTA using tangle, but even those are still affected by the price changes of the king in the crypto world.
If you are interested in investing, and you are a total beginner in this field, you cannot go wrong with purchasing some Bitcoin. It’s the most user-friendly and developed coin out of all others, and you will have the easiest time learning about it and how it works due to the numerous guides and informative videos that you can find on the internet. Wallets are also very easy to use.
According to Binaryx, Ethereum is the second most popular coin, and it sits right under the Bitcoin. Even though it launched in 2015, it became a very significant competitor to some of the other coins that were in the game many years before that. Why? Because it functions very differently, it has a lot of support and information about all upcoming changes, it has a cool name and it constantly rises in price. The all-time-high of ETH was $1500 back in 2019, which is very impressive for a coin that new.
We mentioned IOTA a bit earlier, but now it’s time to explain things in detail. This is a coin that has a lot of potentials, simply because the entire goal of it is to completely change how things are going to work in the future, and it’s not just a regular currency. It doesn’t work like Bitcoin, meaning that it doesn’t use the blockchain, so instead, it uses a technology called “The Tangle”, which is said to be more stable, faster and more reliable than blockchain. In the future where quantum computers are going to become common, people believe that the blockchain is going to face a lot of security issues, but the tangle is going to be safe due to the completely different way of functioning.
IOTA saw a huge rise before the entire market bubble burst that happened back in 2019, but we believe that it has a very bright future and it’s going to be a successful project.
Binance Coin (BNB)
Coins are important, but they cannot be successful without fully-functioning crypto-exchanges. We all know that if you want to trade some Bitcoin or Ethereum, you have to visit an exchange first. There are tons of exchanges these days, but one of the most popular and reliable ones is Binance, even proclaimed to be the best by many people.
Binance made a coin a few months after they launched the exchange, and it is called the Binance Coin, or BNB. It saw a lot of success and reached an all-time high of $40 back in 2019. There are two reasons why you should consider investing in this coin.
The first reason is that you are trading frequently on their website, so you can pay all of the trading fees with BNB and end up saving money. The second reason is that this exchange will keep growing and it’s going to be even more successful in the next couple of years, meaning that holding their coin is simply an investment that might pay-off a lot in the future.
Basic Attention Token (BAT)
If you are intrigued by unique crypto-purposes, take a moment to read about this extraordinary coin and its goal. The Basic Attention Token, also known as BAT, is an Ethereum based token that is used to power the Brave’s Browser digital platform used for advertising. If you haven’t heard about the Brave browser, it’s a regular browser that pays you for using the internet. How is that possible? Well, with all of the ads that you are viewing, you are helping the owners earn revenue, but they decide to give you a share of that revenue, so you are getting rewarded for rewarding them.
It might sound strange, but this software is growing and becoming very popular, both on desktop and mobile, and people seem to love the concept, meaning that the token is going to grow in value as time goes by. Back in 2018, BAT reached a dollar of value, although right now it’s $0,20.
The world of cryptocurrency can be really fun, and if you are careful enough with your decisions, it can earn you a lot of money real quick. Every coin has a different purpose, and if you are considering this to be a long-time investment, it is useful to research those purposes and learn some more about the plans and so-called blueprints. Day trading can be a bit tricky, especially if you know nothing about it, but investing and simply holding is a lot easier, although both can be mastered pretty quickly if you are dedicated enough.