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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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- Time to answer questions: October 16 - October 29, 2020
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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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