Acquiring and storing cryptocurrencies can be extremely confusing if you’re not familiar with the industry.
Still, it doesn’t have to be complicated. The Top 5 Cryptocurrencies to Invest in 2020 are listed below, each with its own strengths and weaknesses, so you can easily decide which ones are right for you.
Without further ado, let’s look at what makes these five coins great options.
ApeCoin (APE)
The ApeCoin is not a cryptocurrency itself, but rather it’s an ERC-20 token built on top of Ethereum.
The token was designed with a particular purpose in mind – namely, that it should be easy for developers to build on top of its blockchain.
If you’re looking for a cryptocurrency that may have more longevity than others, buy ApeCoin (APE).
The currency is relatively new, but it appears dedicated to building something solid based on its website alone.
Ethereum (ETH)
An open-source, public, blockchain-based distributed computing platform and operating system featuring smart contract functionality.
Ether is a cryptocurrency whose blockchain is generated by the Ethereum platform. Ether can be transferred between accounts and used to compensate participant mining nodes for computations performed.
Ethereum provides a decentralized Turing-complete virtual machine, which can execute scripts using an international network of public nodes.
Cardano (ADA)
One of Cardano’s main goals is to be a more inclusive digital currency.
The team says their research must be thoroughly peer-reviewed, carried out, and evaluated by leading experts in that field. In other words, Cardano aims for full academic rigor.
That’s excellent news for investors, as that means Cardano has a lot of potential moving forward.
Stellar Lumens
Stellar is a blockchain project for payments. While bitcoin focuses on using blockchain tech to replace money transfer companies, Stellar wants to disrupt banks.
It works with financial institutions and payment systems worldwide (including IBM). It has an extremely low transaction fee of less than a penny.
Bitcoin
If you’re looking for a pure-play on cryptocurrencies, it would be hard to find one that has been as successful as Bitcoin. How long can it last?
Short answer: No one knows, but there are plenty of reasons why you might want to put some money into it right now (and then sit back and wait-maybe with your fingers crossed).
As far as we know, Bitcoin is here to stay.
Why should you invest in cryptocurrency?
Although there are many reasons why investing in cryptocurrency is a good idea, here is one of our favorites.
The main reason why people invest in cryptocurrency is that it’s an excellent opportunity for profit.
After all, cryptocurrencies like ApeCoin (APE) have shot up by vast amounts within just a few years.
When you put your money into cryptocurrencies, you’re also investing in blockchain technology.
This is not just something that will benefit society by creating an alternative system for payments and transactions; blockchain technology will literally change the culture.
Finishing with APE Coin
APE Coin (APE) is a digital asset that is on every investors’ radar, especially those looking at cryptocurrencies to grow their retirement fund.
Although the APE coin was not born out of thin air, it has rapidly gained ground and popularity among cryptocurrency enthusiasts.
It might still be small, but its future appears bright, making it a good choice for an investment. It would be best if you tried it now.
