In simple words, cryptocurrency is a digital asset or exchange medium by which virtual transactions take place. There are many such currencies available at the market. The main variant is Bitcoin which holds around 63% of the market share, singularly.
In this article, we will talk about the best cryptocurrencies of 2020 where you can invest your earnings.
#Rank 1: Bitcoin (BTC):
Created in the year 2009, it is the fastest-growing cryptocurrency. The name of the developer is Satoshi Nakamoto who also discovered today’s blockchain concept. It is a digital currency and unlike fiat money, gold and silver, it is non-tangible. It has shown a new way to grow financially utilizing the global financial market. Also, it has an immense benefit for transferring the fund into different countries without complexities of forex conversion. The concept of cryptocurrency came into light due to the popularisation of Bitcoin. People don’t have in-depth knowledge about this and often consider Bitcoin and Cryptocurrency as synonymous. Thus Bitcoin has grown to be a brand name in the industry. It is one of the most secure and stable among all cryptocurrencies.
#Rank 2: Ethereum (ETH):
Ethereum is the best & popular Altcoin available in the market. After Bitcoin, it is the 2nd most widely known name. Prepared by Vitalik Butlin and team, the main motto of this currency is to develop a simple & universal trading experience. It captured around 25% of the global cryptocurrency market single-handedly.
#Rank 3: LiteCoin (LTC):
Litecoin has started its journey in 2011 as an Altcoin. It is made using a peer-to-peer network and open-source (cryptographic) rules. It is done by forking the concept of Bitcoin by Charlie Lee. This currency is quite stable in terms of performance and 2012 onwards, it has been a constant name in the top 10 best cryptocurrency list. It enjoys around 2-3% of the market share of the global cryptocurrency market.
#Rank 4: Ripple (XRP):
Ripple Labs Inc. is a US-based technology company which created the cryptocurrency Ripple to facilitate real-time financial settlement system by currency exchange. It has a current market capitalization of $27.41 billion. The founder of Ripple is Mr. Chris Larsen who introduced the type in the year 2012.
Well, there are 5000 variants of cryptocurrencies available in the market amongst which the above-mentioned ones are top-ranked in terms of their market cap and stability. So, where would you like to invest your money? Don’t forget to let us know in the comments section.