Top Cryptocurrency Investment Ideas: How to Earn on Crypto in 2020
The year 2020 has brought us many surprises. One of them is the news about Bitcoin halving. This completely changes the values of cryptocurrency markets and creates new prospects for many altcoins. We shall discuss the best investment ideas for cryptocurrencies for this year.
About the halving
Experts claim that the value of cryptocurrencies will grow because of the halving. In fact, we can already observe the price growth for BTC and other coins.
To make it simple, the main characteristics that push the currency are limited supply and constrained supply growth. There are only 21 million Bitcoins. When the system was launched, most of them were “blocked”. To get a coin, users had to “mine” it. To keep the supply growth, the system is set in a way that for each “mined” block, the number of new unlocked Bitcoins is halved.
There have already been three halvings and each has brought an enormous price growth. However, this also cuts mining profits. The best part is that altcoins grow more than Bitcoin after such occasions. Currently, you can get 6.25 Bitcoins for mining one block. Before the third halving, the number was 12.5 BTC. It is expected that the price per coin will get at least 2% higher than it is now.
6 Best cryptocurrencies to invest in 2020
First of all, it is important to note that Bitcoin is the currency you have to invest in the first place. It is the leader of the market and currently, it is the coin with major changes in its system. Let us move on to the 6 coins that have the best prospects for this year.
Ripple is always in the top positions of the list when it comes to cryptocurrencies. Although it has a relatively low price per coin, it gives plenty of opportunities for investors. For instance, in 2019, the price jumped from as low as $0.13 to $0.47. Now, imagine if you own 1000 coins and sell them when the price is at its peak. Your net profit would be $340.
In 2020, it is expected that there will be even bigger changes with the pricing. Ripple tries to work with banks and payment providers. For example, American Express and Bank of England already work with Ripple. Continuously, more and more banks join the company. This means that the crypto awareness and demand will grow, increasing the value of the coin.
Basic Attention Token (BAT)
The BAT is another crypto coin that is expected to burst during the year. This coin is paid to people for watching advertisements. The creator has an idea to completely change the online advertising ecosystem and is constantly developing new ideas.
It is expected that BAT will draw the attention of more advertisers and users over time. The reasons are very simple:
- Publishers get high-quality ad views
- Users get compensation for watching ads
People get interested in watching advertisements because they get paid for doing so. This increases brand awareness and helps publishers promote their products and users find new products to buy.
Basically, this model is already successfully used by many promoters. The price per coin is around $0.20, and it is at the bottom of a downtrend. Soon, the price will grow back to its initial position and reach even higher levels.
Synthetix Network Token (SNX)
The main idea of the Synthetix Network Token is to let people benefit from asset exposure without owning it. The assets include gold, BTC, fiat currencies, and even stocks. The price per coin is usually around $1. In the previous year, you could buy a coin for around $0.10.
This idea is unique in the field and has a lot of prospects. The price changes speak for themselves. In just one year, the currency managed to grow several times more than its initial value. Also, SNX creates some familiarity and value, which give it an additional growth boost.
DxChain Token (DX)
The aim of DxChain is to improve the storage, computation, and privacy of various data. As we all know, now privacy is an enormous trend, which gives a lot of companies many possibilities to make profits. Why don’t you try to join the trend too?
Currently, one DX coin costs $0.001. Since its creation in 2018, the cryptocurrency only grew in price. Experts consider it an interesting investment option because of the trends it uses to promote itself. It is expected that the value of this coin will grow twice as big by October 2020. Therefore, it is a good idea to invest in this cryptocurrency.
Chainlink is a cryptocurrency with many prospects. Experts believe that it will become even more popular than it is right now because of its constant price growth. For example, in 2019 one coin could be bought for less than $2. Now, you can buy one LINK coin for more than $3.50.
The popularity of Chainlink is also based on its creation of smart contracts, especially self-executing ones. However, businesses are not in a hurry to use these technologies. There is still no reliable way to connect these contracts with external data. Chainlink provides a gateway that solves this issue. That is why experts claim that it is very important that investors pay attention to LINK. This coin has all chance to grow even more.
Zcash is another cryptocurrency that follows modern trends and focuses on the enhancement of privacy features. This is not only a problem for cryptocurrencies, but fiat transactions also have the same issues. Zcash has a decent price already: more than $42. It is at a downtrend now, in the previous year the price was over $100.
Experts claim that the prices for Zcash will get higher than their top positions in the next few years. By 2025, one ZEC coin must cost around $200. Therefore, it is a good option to diversify your investment portfolio.
Is there any guarantee that these coins will be profitable?
The investment field is full of surprises. Sometimes, even the most trusted coins bring a lot of losses to their owners. It is nearly impossible to give a 100% precise prediction for any asset. However, if you do not try, you will never get anything from it.
A good idea to make your investments safe is to diversify your cryptocurrency portfolio. First of all, you should not invest all your funds in one coin. It is far better to spread the money between several different currencies that are recommended by many experts and constantly monitor the markets. If the prices go down, do not panic. Each currency has its ups and downs. Getting rid of a coin when its price starts falling is not always the best idea. Mostly, you will simply cut your potential profits and lose a source of income. Always analyze your actions. Imagine this like a game of chess. You always have to be a few steps ahead!
Is mining an option in 2020?
Before the halving, even the strongest computers did not mine Bitcoin efficiently. Only relatively new coins can be easily mined. You can use virtual machines or your own PC, but investing in a coin is far more profitable than mining it. Even if you have a gaming PC, you would not earn enough money to cover the electricity consumed. It would take a whole mining “farm” to gain the smallest profits.
Therefore, the best way of getting some passive income in cryptocurrencies is by investing in relatively small coins. This will definitely pay back in a couple of years. If you want to increase your profits, use exchanges or trading platforms. These give a lot of profitable options if you take it seriously.
So, the 6 crypto coins that are the best investment options in 2020 are:
- Basic Attention Token
- Synthetix Network Token
- DxChain Token
Their price charts and forecasts show that they will keep on growing in the future and will bring a lot of profits to their owners. Of course, there is no guarantee that they will jump to the top just like Bitcoin did, but there are still many chances that their prices will change significantly. Some of these names might soon become available on Tokenexus. Keep an eye on our updates to be the first to make an investment!
Also, if you are seeking for the most profitable way to work with cryptocurrencies, then you have to stop on several methods: investing, holding, and trading. These are the best ideas for beginners and amateurs so far. Mining would be a waste of time if you do not have a strong “farm”. What do you think about it?