Cryptocurrencies have changed the business world by adding another type of asset in which individual investors and organizations can invest their money. Currently, only about 3% of people trade digital money, but their numbers are steadily increasing.
But investors need to be careful and spend a lot of time exploring trends for what will happen to this market in the future. And this is not an easy task, so it is always good to consult several different sources and try to identify the best options.
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Why invest in cryptocurrencies?
Edugeeksclub expert authors identify cryptocurrencies as a digital asset designed to supplement traditional money and ensure the security of online financial transactions.
One of the main questions is why you should buy cryptocurrency at all. There are many reasons for this:
Availability: Access to digital money is easy and you can resell it anywhere, anytime.
Security: By investing in crypto money, you should not be afraid of fraud or identity theft.
Lower Commissions: Cryptocurrency transaction fees are much lower than traditional fees.
Portfolio Diversification: Cryptocurrencies can serve as a more diverse investment and different scope of work
1. Etherium
Etherium is based on the popular dApp platform and hence its strength. According to some analysts, ethereum may even catch up with bitcoin. Although not everyone agrees, ethereum is really expected to grow in 2020.
2. Bitcon
This list cannot do without Bitcoin. After three years of big growth and big downturns, in 2019 Bitcoin has stabilized. Bitcoin is the best choice for investors who want to play it safe and hope for low returns over a long period of time.
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3. Litecoin
Lightcoin may be a lot cheaper than bitcoin and ethereum, but this lower price does not reflect its market potential. Investing in lightcoin can be a significant opportunity because its price is lower, but its technical conditions allow it to become a global transaction network, which is sufficient to represent an investment interest.
4. Ripple
Another cryptocurrency that has the potential to dominate the market. Its price is very low at the moment, but that can quickly change if Riple becomes an official banking infrastructure solution. Some argue that Visa and Western Union may soon adopt ripple as their core technology, which will make ripple really meaningful.
5. NEO NEO
is expected to grow substantially in 2020. Its infrastructure is full of potential and therefore the Chinese government is also considering engaging with NEO. And if that happens, NEO could become one of the cryptocurrencies that brings the most profit to more flexible investors.