Cryptocurrencies are digital currencies, also called virtual currencies that act as a medium of exchange and are made financially secure through the technology of cryptography, in which you can not spend the same coin twice.
Many cryptocurrencies are formed on the basis of blockchain technology. If you are looking at entering into the world of digital currencies, this is a good choice as there is so much profit to be made in this industry.
Before making any investment decisions, we should be answering these questions to ourselves:
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- Are you having any planning of selling after it reaches a peak price?
- If yes, do you want to sell it all at once or gradually?
- Is there any factor that might affect your decision and you sell it off abruptly?
- What is the maximum amount of loss which you can bear?
- How optimistic are you about making profits?
- Do you follow the market news on a regular basis? If you’re not keen on that, you mustn’t invest.
What is Bitcoin Halving?
According to cointelegraph, Bitcoin halving is a process of dividing the number of generated rewards per block in order to maintain the total supply of Bitcoin, which will not exceed 21 million. Block rewards are the main engine of Bitcoin mining and, therefore, the main power behind the operation of the network.
Bitcoin halving happens every 210,000 blocks and reduces the reward for 50 percent every time in a geometrical progression. The initial block reward in 2009 was 50 Bitcoins, the current Bitcoin reward is 12.5 coins. The next Bitcoin halving is expected to happen in May 2020 and will decrease the reward to 6.25 coins.
Bitcoin halving is a crucial part of Bitcoin and most other cryptocurrencies, as it is the main algorithm of emission control and a part of what makes Bitcoin successfully maintained without any authority.
That is of course if you know how to play your game right. In this article, we will be looking at top cryptocurrencies to buy/put money on in 2019/2020. There is no denying the fact that some cryptocurrencies are better in worth than others. So, here is our list of recommended cryptocurrency investments;
Bitcoin is obviously and undoubtedly the best cryptocurrency you can invest right now in 2019/2020. Bitcoin is still one of the most secure cryptocurrency you should invest in. The price of Bitcoin has become more reasonable over the years, also buying of Bitcoin from any of the crypto-currency exchange outlets like coinbase is now very fast and easy to do. You’re also able to store your Bitcoins in online wallets.
Bitcoin is probably the biggest cryptocurrency out there and it has over 40% market share in the cryptocurrency world. What’s not to invest? Bitcoin still unarguably dominates the market. Although, the price of Bitcoin frequently fluctuates regularly, you just need to stay up-to-date with the current cryptocurrency trends.
Ethereum is another cryptocurrency that has boomed in recent years. It has experienced a growth surge in 2017 and since then it has been topping the list of cryptocurrencies. In 2017, Ethereum grew by about 3,00% and in 2017, it became the second largest cryptocurrency in the world, only behind Bitcoin. It has been estimated that the market cap for Ethereum would rise up to 200 billion dollars by 2019 ending.
A lot of technological advancements have also been promised by the Ethereum developers. So, in all of these, you do not want to miss out on trying Ethereum out. I tell you!
As of November 2019, 1 DASH equals to 53.62 Dollars. DASH was built based on the Bitcoin software but it has its own advantages. It actually has faster speed of transaction and more security privacy than when compared to Bitcoin. DASH was released in 2014 and its name is a combo of “digital” and “cash”. DASH has features unique to it that makes it stand out from Bitcoin and Litecoin.
It has the PrivateSend, the InstantSend and Masternodes feature. The InstantSend feature is a strong point for you to want to invest in DASH. It takes just a few seconds for a transaction unlike Bitcoin which takes up to 10 minutes.
Cardano’s ADA is another cryptocurrency to buy in 2019/2020. You can buy the currency from coinmama.com, Cardano, Coin Switch crypto-currency exchange and others. Cardano is considered to be among the best blockchain currencies in the world today. The ADA cryptocurrency is also sold on Cardano itself as well, so you can buy directly from the Cardano company.
It is believed that the ADA cryptocurrency will strongly compete with Ethereum in 2020.
Ripple has one of the largest total market caps of all the cryptocurrencies. XRP is the cryptocurrency used by Ripple payment network. You can buy and sell the XRP cryptocurrency safely from the Ripple company. It is very secure. The current price of XRP is 0.20 Dollars. Don’t let this figure discourage you, as the price of XRP is very likely to rise again very soon by early 2020! You don’t want to miss out!
Litecoin showed a growth increase percent of over 8000 in 2017. This tells you a lot from the onset right? When mentioning the top cryptocurrencies to buy, we can’t leave out Litecoin. Litecoin started in 2011 as a spin-off of Bitcoin and as of November 2019, 1 Litecoin equals to 46 US Dollars.
You can sign up with a number of cryptocurrency trading sites to start trading Litecoin. Litecoin has been predicted to have its value rise to $250 at the end of 2019 and to over $500 by the ending of 2020.
In spite of its occasional increase, Tron is attracting more and more investors. The reason is that most of the investors are realizing its potential in the upcoming months. Buying when low is the holy grail in the cryptocurrency bible. Launched by Justin Sun, Tron is set on a decentralized platform. Fast and secured transactions can be made with the help of this currency. The main motive is to promote and support the entertainment industry which enables all the users to upload and download various types of media without the intervention of third parties like Google Play Store and other middlemen parties.
TRON Price for today is $0.031423. Its current circulating supply is TRX 66,682,072,191 with a market cap of $2,095,379,228.
#7 Nem (NEM)
Nem is different from other cryptocurrencies because of two main reasons. You harvest instead of mining as is the case for other cryptocurrencies. The other concept is proof-of-importance to determine who harvests the next block. NEM transactions take around 6 seconds to show up and 20 seconds to confirm. NEM is incredibly scalable which takes about 3000 tx/s where BTC is bogging down at 4 tx/s. Another advantage is that the transaction cost is ultra low, around .01% fee. So you need a penny to send $100 or 10 cents to send $1000.Isn’t that awesome?
Last, but not the least NEM uses 100x less power than BTC to run a node or harvest.
NEM Price for today is $0.084553. Its current circulating supply is XEM 8,999,999,999 with a market cap of $760,977,582.
Binance is not only the world’s largest cryptocurrency exchange but its the name of a coin, too. BNB falls under the top 30 cryptocurrencies in the world by market cap. Binance has high liquidity and one of the assets which are superior in cryptocurrency trading. BNB offers great prospects in the long run as it increases steadily at times of turmoil, too. Since it has added 15 new tokens, it has seen around 50% adoption after that.
Binance Coin Price for today is $31.62. Its current circulating supply is BNB 141,175,490 with a market cap of $4,463,586,092.
#9 0x (ZRX)
0x is the latest and trending cryptocurrency that is grabbing the attention of the traders and investors. It is a decentralized exchange of ERC20 tokens and the users can directly place the orders from their Ethereum wallets. It allows much greater liquidity as compared to the other cryptos, so anyone using the protocol can access orders from anyone else. ZRX was in the news when Coinbase announced to list it the first ERC-20 token on its platform.
0x Price for today is $0.332269. Its current circulating supply is ZRX 597,577,999 with a market cap of $198,556,859.
#10 Ontology (ONT)
Ontology is a high-performance multi-chain focused on the creation of interoperable blockchain channels. Ontology is looking forward to an ambitious roadmap for the upcoming years. Ontology’s meteoric rise up the market capital makes it all the more interesting to watch their main net launch and other developments play out in the third quarter.
Ontology Price for today is $1.44. Its current circulating supply is ONT 494,757,215 with a market cap of $714,554,109.
All in all, the six listed cryptocurrencies above are some of the best digital currencies you could put your money on right now.