The cryptocurrency sector established that in the year 2009. It has been eleven years since cryptocurrencies have become a part of society. And presently, their numbers surpass 3,000.
Cryptocurrency projections play a major role in differentiating profitable cryptocurrencies. The optimal return on investment (ROI) is also kept in consideration. Thus, the prediction of prices of cryptocurrency plays a fundamental role in determining the crypto coins to invest in 2020.
The coronavirus pandemic is greatly affecting the economy and has brought down the financial markets. On March 12, a novelization of the global markets took place and cryptocurrencies were not spared.
For example, the price of Bitcoins reached $3,800 and it lost 50 percent of its value. And it kept increasing after that too. Presently it is trading at $6,856.
Although the cryptocurrencies performed commendably in 2019, some of them proved to be better compared to the others. And it continues the same for 2020.
Bitcoin has always been the best crypto performer. It was the same in 2019 as well. At the beginning of 2019, it was at $3,742 and was as high as $12,407 in June 2019. Moreover, at the end of 2019, it was $7,293.
Bitcoin Cash (BCH)
Bitcoin Cash is yet another good player in the crypto space in 2019. It is a hard fork of Bitcoin that was crafted out of the leading cryptocurrency. In January 2019, it’s the price was $135. Whereas, in June it was $480. And at the end of 2019, BCH was around $210. Presently, BCH js trading at $233.
This one is also a significant crypto performer of 2019. NEO is used for multiple purposes. It acts as a cryptocurrency and also an open-source platform for developers to create decentralized applications or Dapps. According to the list by CoinMarketCap, Neo is on the twenty second position among the leading cryptocurrencies.
Where should you invest?
Due to the Coronavirus outbreak, people are confused about what crypto coins should they invest in 2020, since the world is going through a tough phase.
Well, Bitcoin is the best option for you to invest in 2020.
Bitcoin has always proven itself as one of the best crypto performers for so many years. There can be a BTC bullish run in 2020 due to the much-anticipated Bitcoin halving event. The event is just four weeks away. However, the occasion is organized every four years. The mining rewards in it get reduced by 50 percent, this further decreases the rate of the supply of Bitcoin
Some other cryptocurrencies in which you can invest this year are, Ethereum (ETH), Ripple (XRP) and NEO.