2020 is here, and it is thus, time to reflect on the advances we have seen in various spheres so that we know what to expect out of the year that is to come. However, talking about every progress that we have seen in the year that has gone by us might be a little challenging. This is why we have decided to put together an article that concentrates on the very hot topic of cryptocurrency.
The domain of cryptocurrency has risen to immense popularity in a span of a decade. Though, the initial years were a bit rough, the cryptocurrency and the technology that runs it, the blockchain has seen dramatic growth and how! 2020 seems like an extremely promising year for the crypto space, and we shall now venture all the cryptocurrencies that might be a good idea to invest in.
Bitcoin Still Shines:
Bitcoin was the very first cryptocurrency to be launched. It was 2008 when an idea took over the creator of cryptocurrency, Satoshi Nakamoto which took the world by storm. When Bitcoin was first launched, people might not have imagined the popularity it would get to enjoy. And today, after more than a decade, Bitcoin and other cryptocurrencies seem to be replacing the fiat currency.
2020 looks very promising for Bitcoin as market analysts say that amidst various other cryptos, Bitcoin still has a firm footing in the market. Currently, it has a share of more than 40 per cent in the market. Therefore, it would be wise if you were to invest in Bitcoin.
Ethereum Shows A Promising Future:
Since its launch, Ethereum has been showing a steady rise in its value. 2018 and 2019 were great years for Ethereum, with a market cap of around $70 billion. Now, if you are wondering whether it would be a sound decision to invest in Ethereum, market specialists are here to tell you that it sure is! This is because Ethereum is not just a cryptocurrency, but more of a platform that furthers the blockchain network. Developers of cryptocurrencies can use Ethereum to come up with more advanced forms of cryptocurrencies.
Ripple Shall Continue to Send Out Ripples In the Crypto Space:
Ripple might be the third cryptocurrency on the list, but make no mistake regarding the return on investment it promises to bring. Ripple stands third when you look at the prospects of other cryptocurrencies, but it has quite a low value which makes it quite a lucrative currency to invest in. The market cap for Ethereum is more than $35 billion, which is a pretty decent figure. Also, when you deal with massive investments, including cryptocurrencies, it is essential that you look for the most secure gateways of payments. Flexipay, for instance, can help you in this endeavour.
Litecoin Shows No Signs of Slowing Down:
It is impossible to ignore the growth of Litecoin, because a growth rate of more than 8000% is not a figure that can be brushed under the carpet. Litecoin is presently one of the largest cryptocurrencies and has a market cap of more than $11 billion. It shall also pique your interest to know that Litecoin has a close connection with Bitcoin, which makes it all the more trustworthy and reliable for investors. Therefore, if you needed reasons enough to invest in Litecoin, here is everything you need to know.
The aforementioned discussion should be enough substance for you to bank your investment decisions on. Bitcoin, Ethereum, Ripple and Litecoin are the four major cryptocurrencies that have got the market swooning with their exponential growth and success. Therefore, 2020 might be the year to focus all your investment decisions on these cryptos instead of risking it with the others.