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Best Cryptocurrency in 2020
Let’s talk about the best cryptocurrency to invest in 2020. With so many options out there, it can be hard to know where to start. Here are our top picks:
Bitcoin
Of course, we have to start with the OG of all cryptocurrencies: Bitcoin. It’s been around since 2009 and has consistently been the top player in the crypto game. Its market dominance currently sits at around 62%, and it has a strong track record of weathering market crashes and coming out on top.
Tip: When investing in Bitcoin, it’s important to remember that it’s a highly volatile asset. While it’s performed well over the years, you should be prepared for sudden dips or spikes in price.
Ethereum
Ethereum is the second largest cryptocurrency by market cap, but it’s not just a coin – it’s a platform. Ethereum allows developers to build decentralized apps (dapps) on its blockchain, which has opened up a world of possibilities for blockchain technology. It’s set to undergo a major upgrade later this year, which could bring even more advancements to the platform.
Idea: Look into investing in Ethereum if you’re interested in the potential of blockchain technology beyond just a currency.
Ripple
Ripple is a bit different from the other cryptocurrencies on this list. It’s a digital payment protocol that also has its own currency, XRP. Ripple’s goal is to make international payments faster and more efficient than traditional methods like SWIFT. It’s already partnered with major players in the financial industry like American Express and Santander.
How to: Consider investing in Ripple if you’re interested in the idea of disrupting traditional banking systems.
Litecoin
Litecoin is often called the “silver to Bitcoin’s gold.” It was created in 2011 and is very similar to Bitcoin in terms of its technology, but has some notable differences. It’s faster and cheaper to use than Bitcoin, and has a strong community of supporters.
Tip: While Litecoin isn’t as well-known as some of the other cryptocurrencies on this list, it still has a lot of potential. Keep an eye on it in the coming years.
How to Buy Cryptocurrency
Now that we’ve covered some of the best cryptocurrencies to invest in, let’s talk about how to actually buy them.
First, you’ll need to set up a cryptocurrency wallet. There are many options out there, but it’s important to choose a reputable one. Some popular choices include Coinbase, Binance, and Trezor. Once you’ve set up your wallet, you can start buying cryptocurrency.
Idea: When buying cryptocurrency, it’s important to do your research and only invest what you can afford to lose. The crypto market can be highly unpredictable, so it’s important to be prepared for potential losses as well as gains.
We hope this guide has been helpful in navigating the world of cryptocurrency. Happy investing!
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