10 Best Altcoins to Invest in 2020 for Maximum Profits

According to bitcoin.com, there are more than 5,000 cryptocurrencies available in the market.

Choosing the right coin to invest would be a difficult task. It all comes to your budget, prediction skills and how long you are willing to hold onto it ?

Whether you are a short term cryptocurrency trader looking to make a buck or long term investor looking for alternative saving options, we have a list of best altcoins to buy in 2020. So, what are we waiting for? let’s get into it.

Best Altcoins to invest in 2020

Best altcoins to invest in 2020

Here are some of the best altcoins to invest in 2020. This list is not in any particular order.

1. Ethereum (ETH)

Good for : Long Term Investors

Ethereum is a distributed, public blockchain network with smart contract scripting functionality. What that means?

While Bitcoin is introduced as a unit of currency, Ethereum is focused towards developing decentralized applications and compensate miners for computing with a coin known as “Ether”.

Ethereum is priced at 238.86 USD at the time of compiling this list. Compared to the initial price of $1, the value of Ethereum is increased by  23786% in a short span of 5 years.

Ethereum is expected to reach $300 by the end of 2020 or even more. It is a great coin for long term investors and it’s value will continue to grow according to the industry experts.

 

2. Ripple (XRP)

Good for: Long Term Investors

Created by Ripple Labs, the goal of the developers was to create a system of direct assets transfers which would be cheaper, more transparent and secure than real world transfers such as SWIFT transfers.

Unlike Bitcoin, Ripple is not designed to be mined by miners. About 100 Billion Ripple was Pre-mined and 38 Billion ripple are available in market.

The biggest factors which differentiates Ripple from Bitcoin are the transaction fees and speed combined with it’s non mineable property.

In today’s market, Ripple is priced around $0.197368 and is struggling to reach higher prices. But, it is also expected to grow in the next 2 years which makes it a better choice for long term investors.

 

Good for: Long Term/Short term Investors

Chainlink is a decentralized oracle network created by two smart minds Sergey Nazarov and Steve Ellis. It was not actually intended to be a replacement of currency unit like Bitcoin.

Instead, Chainlink provides security to the information coming from and going to the blockchain of Ethereum. Now it also supports other blockchains such as Bitcoin and HyperLedger. You can read more about Chainlink here.

The current price of LINK is $6.14 and it is expected to reach $10 by the end of the year. It will continue to grow as the use of popular cryptocurrencies such as Bitcoin and Ethereum grows. 

 

4. Bitcoin SV

Good for: Short Term/Risk Takers

Bitcoin SV is led by nChain. It is a fork of the Bitcoin Cash which is a fork of the original Bitcoin. It sounds weird, but Bitcoin SV is created by forking the Bitcoin Cash Blockchain.

The main goal of Bitcoin SV was to increase the block size and to reduce transaction fees. Bitcoin SV can process more transactions per second than Bitcoin itself.

Currently, Bitcoin SV is priced at $181.63 and it is not stable. The price was around $154 last week.

Hence, It is recommended to invest on Bitcoin Cash SV for short term profits which makes it one of the best cryptocurrency to invest in 2020.

 

5. Atom ( Cosmos )

Good for: Short Term investors

Atom is the main cryptocurrency based on the Cosmos platform which is created for solving all blockchain related problems.

Cosmos aims to be the “internet of blockchains” and helps improve blockchains scalability and security.

At the time of compiling this list, Atom is priced around $4.17 and is expected to stay around $4.5 in 2020.

Atom is not a stable cryptocurrency like Bitcoin and the price of Atom fluctuates every single hour. It is a good investment for short term profits.

 

6. Litecoin ( LTC )

Good for: Long term investors

Created by a former Google employee, Charlie Lee, Litecoin was made to correct some errors in Bitcoin blockchain.

Litecoin reportedly resolves security, speed, fees and number of transactions of Bitcoin blockchain.

Litecoin is priced around $44.18 at the time of compiling this list and is expected to grow by time.

Predictions say that LTC may reach $65 by the end of 2020 which makes it one of the best altcoins to invest in 2020.

 

7. Monero (XMR)

Good for: Long term investors

Created in 2014, Monero is a open-source cryptocurrency targeted towards privacy of transactions.

Monero masks the identity of senders and receivers. Monero is mineable cryptocurrency which means it is a perfect alternative to Bitcoin.

At the time of compiling this list, XMR is priced around $66.3 and is expected to reach $160 by the end of 2023.

Monero is a stable coin which makes it the best altcoin to invest in for long term profits.

 

8. Binance coin (BNB)

Good for: Both short and long term investments

Most of the cryptocurrency traders should have heard the term “Binance”. Binance is leading crypto exchange and owns WazirX which is one of the best exchanges in India.

BNB is based on Ethereum blockchain with ERC20 limit. It was used for reducing trading fees in Binance exchange. BNB cannot be mined unlike Bitcoin.

BNB is priced around $17.36 at the time of compiling this list. It is expected to grow 480% in the next 5 years.

Backed by Binance, BNB is a stable coin and it’s value is not going to fall down soon and it will continue to grow in terms of value and usability.

 

9. BitTorrent ( BTT )

Good for: Both long and short term investments

Backed by one of the biggest Peer-to-peer decentralized File-Sharing network, BTT is a token based on TRON blockchain.

BTT is made to fill the gap between Content creators and audience. It’s main goal is to improve download speeds, File sharing capabilities and complete decentralized network.

BTT is priced around $0.000404 at the time of writing this list.

It is expected to reach $0.001 by the end of 2020 and will continue to grow in price. BTT is a better investment for both short term and long term investments.

 

10. Basic Attention Token (BAT)

Good for: Long term investments

BAT is an Ethereum token used for rewarding Brave Browser users who use Brave for browsing the web.

Brave browser uses Blockchain based digital advertising platform for displaying ads and rewards user with BAT for their attention.

Currently, BAT is priced around $0.25 and it is expected to reach $1.3 in 2024.

BAT is good for both short term and long term investments which makes it one of the best altcoins to invest in 2020.

 

Honorable Mentions

1. Eos

Good for: Short term investors

EOS is the native token of EOSIO decentralized blockchain network. EOS is based on Ethereum with ERC20 limit which makes it unmineable.

Eos received a lot of love in the beginning and people thought it is going to overtake Ethereum itself which unfortunately didn’t happen.

Currently Eos is around $2.7 and it will definitely see ups and downs which makes it a great deal for short term traders and one of the best altcoins to buy in 2020.

2. Zcash ( ZEC )

Good for: Long term investors

Zcash is a mid priced coin launched in 2016 based on Zerocoin protocol. Zcash is aimed towards privacy and security of the transactions.

Zcash is a good long term investment since the network has huge potential. Zcash is currently around $56.15 and predictions say that it will grow upto $65 by the end of 2020.

3. Dash

Good for: Long term investors

Dash coin is another mid priced coin just like Zcash. Unlike Zcash which is created for privacy, Dash is created to replace currency just like bitcoin did.

Dash is also a mineable cryptocurrency means there would be constant supply of the coin. Dash is currently priced around $72.39 and it’s value will reach around $85 by the end of 2020, according to the predictions.

 

Final Words

Well, these are some of the best altcoins to invest in 2020. According to the predictions, all of these coins have potential to reach higher value.

I would suggest people to research more before buying any cryptocurrency. Have a clear vision and strategy while investing onto cryptocurrencies.

Which cryptocurrency are you holding currently? Let me know in the comments.

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Samba Siva is a student pursuing Bsc.Computer science and is highly interested in Cryptocurrency, web designing and Digital marketing stuff

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