You must have heard about crypto currencies. Crypto Currencies are built on the blockchain technology which is not only secure but also a faster mode of payment. However, for the normal people it can be a very tricky sector to handle on their own if you don’t have enough knowledge to know where and how and how much you should invest. You can end up in a sticky puddle. But before that the real question arises if you should even invest in crypto currencies. Crypto currency is very volatile market and for the past few years the market has seen its worst downfalls in 2018. However it is starting to take steps and trying to pull itself back on its own feet. It is true that crypto currency has a lot of potential to even replace our traditional payment currencies and payment methods. However it is very pretty mind blogging for someone who is not familiar with crypto currency to properly invest even if they want to. So this is how and where you should invest altcoins in.
So, let’s starts with Ethereum. This is the second most valuable crypto currency after Bitcoin. However you should realize that there is certain difference between Bitcoin and Ethereum. Ethereum has more to offer in addition to being just a digital currency. You can build a blockchain based smart contract and decentralized apps with Ethereum as it provides a platform for developers. It is considering the next big thing as it has a head start as the first crypto currencies which are introduced for smart contracts. As for launching initial coin offering Ethereum is the most preferred platform. In this respect Ethereum is attractive to both developers and Investors. However the biggest challenge it has been facing is scalability. It is predicted that it will increase in the coming years. So where to buy Ethereum? You can purchase Ethereum from any popular exchange. It includes Coinmama, Coinbase or Gemini. In fact many exchanges support credit or debit cards in addition to bank transfer.
Litecoin is one of the oldest altcoins. Basically this is a digital currency but there are many improvements. The ultimate aim of Litecoin was to overcome the shortcomings of bitcoins, specifically its slow transaction speed. In fact Litecoin have a four times faster speed than Bitcoin. It uses the same technology as Bitcoin and can be considered the closest rival of Bitcoin as well. However buying, receiving for sending Litecoin is a complex process. Litecoin does have easy integrations for most E-Commerce platforms. This means that Litecoin do have the potential to become more mainstream oriented and even more promising service around the world. As for buying Litecoin, you can buy it from Kraken, Bitsquare and Coinmama.
NEO is another Altcoins, which was originally called AntShare. This is also built on a platform which is designed for developing decentralized applications, smart contracts and ICOs. Known as the Chinese Ethereum NEO also follows the footsteps of Ethereum. Apart from the giant sectors you also have Cardano, EOS, and Dash.
Now that we have a list of all the Altcoins exchange or trading sites, it is obvious that all coins are out there in the market. However it is advised that you do your own research and studies before making a final decision to avoid any mistake or mishap. It not done properly, you can even lose your coins.
If you are new to the crypto currency you need to be familiar with altcoins if you want to make your way around this market. So what are altcoins or alternative coins? It actually has various definitions but at the basic it is just an alternative for cryptocurrencies such as bitcoins. But with the market making its mark at the global level there are many altcoins in the industry. The real question stands as to which are the best investments or top altcoins in 2020 and if they are worthy for the investment.
With the introduction of the blockchain technology in the creation of alternative income streams for those involved in the crypto currency market. There are two types of income related to cryptocurrencies. First are the ones who are involved with trading and the others being involved with the ecosystem.
After the success of Bitcoin their alternative coins were introduced to the Crypto currency market. It is true that it has taken a dip in the last few years but it is showing the potential to become profitable in the coming years again. Here are the best altcoins to invent in and watch out for in 2020.
The first in our list is Ethereum or ETH. This is one of the famous and widely known crypto currencies around the world after Bitcoin. It is designed to follow basic principles for development such as simplicity, universality, and non discrimination. It aims to create contacts using a complete programming language so that it can be used to encode arbitrary state transition functions. Even though Ethereum has contributed significantly in the blockchain system it still has certain rooms for improvement. Ethereum does have the potential to rise above its current position.
Next we have INSTAR by Instars. With this platform you have a way of investing without committing any fiat or crypto which makes it a free crypto earning platform. In the last few years it have shown positive performance in terms of results and deserve to have the top is in our list. This platform also is a low risk investment which makes it one of the best platforms to start your crypto currency journey. In terms of expanding its EOS earning options it is expected to improve its standards by 2020.
Next we have Vechain. This platform provides solutions for the supply chain industry. It is an enterprise focus blockchain which provides business application for various aspects of the industry. Already VeChain has partnered with other brands for groundbreaking supply chain solutions. This platform provides to tokens which can be used and different aspects for different operations. These include VET and VHTO. VeChain has proved to be an integral part of the world economy and can be expected to rise in terms of its value.
Next we have Binance Coin or BNB. This was launched back in 2017 ICC. Now Binance has become as an active crypto trading platform which provides competitive rates in the .crypto currency market. It has received positive reviews around the crypto community. The platform has also proved itself to be a trusted platform. Considering this factors we can see BNB coins as a potential investment options for 2020 investors.
Other than the top names we also have Chainlink, Zilliqa and MXC which can potentially become your altcoin investments for 2020. However you do have to remember that the crypto currency market is a very volatile. It is advised to do proper research before you make any commitment with your Investments.