It’s been over a decade since the first cryptocurrency showed up. From then till now, hundreds of other cryptocurrencies have joined the fray. They are thus making Blockchain technology one of the most advanced technologies in the business world.
Though there have been highs and lows, cryptocurrencies like Bitcoin have enjoyed a good market share since its introduction, hitting its peak in 2017. Regardless of the tumultuous times cryptocurrencies have faced, they aren’t going anywhere anytime soon.
The question is, is it wise to invest in cryptocurrencies considering the uncertainties?
Before you get clogged up in this, here are a few statistics that could help:
- Here’s a better question to ask; Which cryptocurrency should I invest in right now?
I put this list together based on the cryptocurrency 2020 market capitalization.
Market Capitalization: $220,521,932,472
Everyone who is into crypto investment knows that Bitcoin is the boss of all cryptocurrencies. It’s safe to say that it is the best cryptocurrency to invest in this year. Its notoriety might be because it was the first to gain global acceptance.
Since the introduction of Bitcoin in January 2009, the rise and popularity have been phenomenal. It hit its peak in December 2017 when it traded for $19,269. No crypto coin has ever achieved this feat.
Bitcoin may not be as high as it was in 2017, but it is doing great against the USD. It is the most popular crypto in the global trading markets. It is in a class of its own selling at over $10,000 per coin. Thus, it remains the best cryptocurrency to invest in.
Market Capitalization: $33,343,121,274
Ethereum may not be a match to Bitcoin, but it is the most popular alternative to it. If you’re looking for the next basket to put your eggs after Bitcoin, Ethereum is the perfect one. It has weathered the competition from other coins that came after it to remain a favorable alternative.
The value of Ethereum…