[Good Question-Good Answers] Question: Which are the best altcoins to invest in 2020 and is there hope in investing as the year runs out since the prices keep fluctuating?

Discussion • 2020/10/16 • by
everruth

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Question: Which are the best altcoins to invest in 2020 and is there hope in investing as the year runs out since the prices keep fluctuating??

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Remitano found two best answers to the question: Which are the best altcoins to invest in 2020 and is there hope in investing as the year runs out since the prices keep fluctuating?

Congratulations to user fredangozi with answer;

Despite the drop in trade volume, Ethereum remains the best altcoin to invest in 2020, reason is simply because Ethereum is a very accessible investment for those starting off in the cryptocurrency space. Moreover there is hope investing in Ethereum as the year runs out because it seem to follow closely Bitcoin and its next move will be probably initiated from Bitcoin price's actions. The strength of ETH is closely related to the strength of its network therefore the flunctuation of it's price won't be an issue.

and user godgrace1 with answer;

Truth be told, its not easy to decide the best altcoins to invest in in 2020 because there are new altcoins being developed every day, and every one wants to invest in an altcoins that can appreciate in the nearest future like bitcoin did,
all i can offer you are information's you can look out for before investing in an altcoin, because if an altcoins has virtual all this features there is a tendency that it will definitely appreciate in the nearest future,
1, scalability
2, real life usability
3, extensibility
4, high speed of transaction
5, limited in supply, i would invest in any altcoin that is limited in supply.
6, smart contract
7, layers, block transaction size,
8, market capitalization, (optional)
the list is many, but i choose this few because i believe any altcoin with this features will do well in the nearest future
And yes there is hope in investing this year even as the price keeps fluctuating

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Comments (8)
Guest
lorettachinasa
6 years ago
The best altcoins I have most profitable in 2020 are: 1. Ethereum 2. Chainlink 3. Binance Coin 4. Vechain 1. ETHEREUM Ethereum has done so well in 2020. In September 2020, one Ethereum cost $358 but as at today one Ethereum cost $369. Julian Hosp, a blockchain expert, said that the market cap of Ethereum could rise to $200 billion by the end of 2020. 2. Chainlink Chainlink is another project that is doing great. Not only did Chainlink achieve new all-time-high several times in 2020, but Chainlink’s solutions are also being implemented by other blockchains. For example, they are working on so-called Oracles that make it possible to integrate external data into blockchains. As a result, they collaborate with many other projects such as ICON and Ontology.The sharp price increases in 2020, the new Oracle technique and many collaborations make this a very interesting project. 3. Binance Coin this is the native currency of the crypto exchange Binance. This platform is developing new features so fast that holders of Binance Coin can benefit greatly from them. Binance is the market leader in the field of crypto exchanges and offers many other services. 4. VeChain VeChain has been a household name in the crypto world for quite some time and has a large community behind it. After the rebrand in 2018, the VeChain price went down considerably. Nevertheless, the team is still working hard on the project and have many practical examples for their solutions.
royguvs1st
6 years ago
when you want to invest on crypto, i suggest you don't invest more than 2 coin! if you did, you will hard to search any news for that coin you invest, just invest 2 or less, so you can check the news from time to time. i suggest you to invest with BNB (Binance Coin) why BNB? BNB was released by a well trusted crypto currency exchanger , BNB also a good Liquidity you can see from 2018 till 2020, BNB price now is grow up! BNB supply also has been burned , it will make BNB price grow and market flow will be stable.
godgrace1
6 years ago
Truth be told, its not easy to decide the best altcoins to invest in in 2020 because there are new altcoins being developed every day, and every one wants to invest in an altcoins that can appreciate in the nearest future like bitcoin did, all i can offer you are information's you can look out for before investing in an altcoin, because if an altcoins has virtual all this features there is a tendency that it will definitely appreciate in the nearest future, 1, scalability 2, real life usability 3, extensibility 4, high speed of transaction 5, limited in supply, i would invest in any altcoin that is limited in supply. 6, smart contract 7, layers, block transaction size, 8, market capitalization, (optional) the list is many, but i choose this few because i believe any altcoin with this features will do well in the nearest future And yes there is hope in investing this year even as the price keeps fluctuating .
imtiazkhan
6 years ago
The term "altcoins" refers to all cryptocurrencies other than Bitcoin. Currently there are more than 5k altcoins or cryptocurrencies beside Bitcoin, and the list is still increasing.Investing in altcoins with their unique properties is a good idea. As of 2020 the following are best altcoins to invest money. 1) Ethereum Ethereum is one of the best altcoin to invest due to the reasons that Ethereum is the second most liquid cryptocurrency, ranking right below Bitcoin. This means that you will have no issues with buying or selling Ethereum. it was the first crypto to introduce smart contract feature. Another reason to invest in it is that it has very capable and loyal team of developers.This gives Ethereum a better chance of staying stable and only increasing in value in the long run. 2) Litecoin: Litecoin is included in top 10 cryptocurrency list of coinbase. In the unpredictable cryptocurrency market where coins go in and out of the market very quickly, Litecoin has been in the market for over 7 years. It has grown to become one of the best altcoins with a market capitalization of $8.2 billion.It has given a enormous return in 2017 when it grew from $4 in January 2017 to $350 in December 2017. That’s a huge return of 8000%! The reason that it is called Litecoin is that it is 4 times faster than Bitcoin. A Bitcoin transaction takes about 10 minutes to complete but a Litecoin transaction is completed in 2.5 minutes. This makes Litecoin more scalable than Bitcoin as it can complete more transactions per second. 3)Chainlink (LINK) It is now the fifth-biggest crypto, according to CoinMarketCap. Its price was absolutely parabolic lately – shooting past $18 before falling down to $11.02. Many observers expect the crypto to skyrocket to at least $100-$200 in this cycle, with some wildly optimistic and its price is going as high as $1,000. Many expert of the market believe its price action will mirror Ethereum’s jaw-droppingly bull run in the 2017. 4)NEO:NEO, like Ethereum, is a platform designed for developing Decentralized applications (Dapps), Smart contracts and ICOs. Because of this close resemblance to Ethereum, NEO is often referred to as the “Chinese Ethereum”. NEO has been one of the best altcoins of 2017 and has given tremendous returns. It grew from about $0.16 in January 2017 to about $162 in January 2018. That’s about a 111,400% return on investment, which is huge! NEO offers many technological advantages over Ethereum. NEO can handle about 10,000 transactions per second whereas the Ethereum blockchain currently supports around 15 transactions per second. These and so many features add NEO as best investment in 2020. 5) EOS: It has a total supply of 1,024,389,871 native EOS tokens, with 927,689,866 currently in market circulation.From the EOS ICO launch to current prices around $3.50 per coin, EOS has brought investors an ROI of 244%. EOS reached an all-time high value of $22.89 on April 29, 2018.EOS has been dubbed the “Ethereum Killer” due to the 100,000 transactions per second it hopes to achieve, in comparison with Ethereum’s current 15-30 tps. Despite being an “Ethereum Killer” EOS started its life as an Ethereum-based ERC-20 token, but later launched its own mainnet. Another great thing is the fact that the EOS cryptocurrency token’s lead developer and Block.One CTO is Dan Larimer. Larimer has been called the Bill Gates of blockchain. Factoring the total EOS supply, current prices, and the previous all-time high of $22.89, EOS has strong price potential and the future price outlook can only improve from here. Even at current prices, which are near local lows, EOS has provided early investors with a 240% ROI. At the previous all-time high, EOS brought 4669% ROI for early investors who bought the ICO and then sold the top. There are also many other altcoin to invest 2020. The above mention altcoin may be the best idea to invest in the autumn of 2020
etunaminta
6 years ago
you can invest ETH for now, much news said if ETH price will grow up in 2020-2025! ETH have a smartcontract (ERC20) it make ETH is worht it to invest, don't worry if ETH price down, ETH have gas, maybe it will impact to the price #CMIIW
tugiman
6 years ago
i suggest you to invest in BNB (Binance Smart Chain) beacuse now bnb like eth (have gas transaction) i think is a good project in 2020 :)
dean01oreoluwa
6 years ago
There are many opportunities to invest in cryptocurrencies in 2020, but what has become clear this year is that it is worth looking to the best possible projects and coins. More so, trading is certainly the answer when it comes to investing in cryptocurrencies, the market has grown to a position where traders are offered the best ways to make profits, including margin trading, shorting and the use of traditional strategies. However, i must say that In the decision to say that some altcoin are the best to invest in 2020 are not easy to conclude. In make decisions on altcoin you need to consider some certain factors which are: * You consider the market * You consider the project * You consider the future However, having looked at this, the best altcoins to invest on in 2020 according to past observations from the beginning of 2020 till now are as follows 1. Ethereum Ethereum has always been one of the top cryptocurrencies because of its potential, and the interest in using it as a platform for a number of other cryptocurrency sectors 2. Litecoin One of the main reasons to consider investing in Litecoin this year is its high liquidity and a large market cap. 3. BAT - Basic Attention Token The BAT has been one of the hottest and best cryptocurrencies throughout 2018, 2019 and 2020.  Basic Attention Token (BAT) is another utility token and is utilised by the Brave Browser. The BAT token is used to tip content creators, as well as virtually anyone you find helpful on the Internet.  4. NEO NEO is often referred to as the China-based Ethereum.  NEO is another smart contract platform with a lot of potential. Like Ethereum, Neo also allows developers to launch decentralised applications on the blockchain. NEO is in the top 20 at CoinMarketCap, which means that it’s a highly liquid asset. 5. BNB - Binance Coin  Binance Coin is one of the best cryptocurrencies to buy if you want to diversify your portfolio and already own major coins like BTC or ETH.  The value of Binance Coin comes from how useful it is, along with the level of demand for its utility.  6. EOS A lot of people who have addressed the shortcomings of the Ethereum network are already shifting their investments to EOS.  EOS has already overcome some of Ethereum’s barriers such as the requirement to know how to code in Solidity to develop dApps and is well-known for providing services to developers, including account management services and creating databases that do not require programming knowledge.  7. Ripple When it comes to market capitalisation, Ripple comes in third place, right after Bitcoin and Ethereum.  Ripple is a venture-backed start-up that offers financial settlement services to banks which allows them to make transactions directly and instantly across national borders.  In conclusion, Keep in mind that investing is always a risky process and it’s not something to be rushed. You should only make investment decisions after spending a significant amount of time researching the investment opportunity.
fredangozi
6 years ago
Despite the drop in trade volume, Ethereum remains the best altcoin to invest in 2020, reason is simply because Ethereum is a very accessible investment for those starting off in the cryptocurrency space. Moreover there is hope investing in Ethereum as the year runs out because it seem to follow closely Bitcoin and its next move will be probably initiated from Bitcoin price's actions. The strength of ETH is closely related to the strength of its network therefore the flunctuation of it's price won't be an issue.
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