Best Cryptocurrencies to Invest in 2020 - PowerPoint PPT Presentation

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Best Cryptocurrencies to Invest in 2020

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Cryptocurrency is commonly referred to as a digital currency that belongs to blockchain technology. The phrase crypto in cryptocurrency denotes the advanced features of cryptography – PowerPoint PPT presentation

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Title: Best Cryptocurrencies to Invest in 2020


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Best Cryptocurrencies to Invest in 2020
blockchainexpert.uk
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  • INTRODUCTION

Cryptocurrency is commonly referred to as a
digital currency that belongs to blockchain
technology. The phrase crypto in cryptocurrency
denotes the advanced features of cryptography.
Cryptography ensures the security of online
transactions through absolute encryption methods
and will able to create tokens or coins for
taking the blockchain industry one step further.
Even though cryptocurrency got its mass
acceptance, its purely because of the wide demand
for bitcoin. Now there are many coins available
out in the market. But all the crypto-currencies
share a common ideology that is to maintain a
high-security protocol as well as decentralized
network topology which keeps the movement of the
coins. There is nothing called best
cryptocurrency, all the available cryptocurrency
are tightly based on the demand of the bitcoin.
The main factors affecting the fluctuation in the
price of other coins are based on the supply and
demand of bitcoin.
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  • When it comes to market, there is a lot of
    crypto-currencies are available rather than
    bitcoin. The market gets up and down based on
    certain factors. Most of the individual
    cryptocurrencies own their own blockchain, they
    run their coin to fuel their own blockchain. The
    market capital and price is purely based on wide
    acceptance. If the number of people whos are
    using certain crypto is high, then definitely its
    price will go up like a rocket ship
  • According to coin market capital, more than the
    price, actually market capital matters. All the
    crypto exchanges out there are ranked
    cryptocurrencies based on their market
    capitalization.
  • Market Capital
  • The market capital is the product of price and
    the circulating supply of a cryptocurrency
  • Market capital
    Price Circulating Supply
  • And the price and circulating supply are purely
    based on demand and supply of the particular
    coin.

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Cryptocurrencies to Invest Ether The ether is
the second most desirable cryptocurrency after
bitcoin. The market capital of ether is very high
compared to other cryptos other than bitcoin. The
price of ether varies between 100-300. The
investors who cant afford bitcoin can choose
ether. The record price hit by ether was 1347 in
2018. The total supply of ether is 109,885,527
ETH XRP The 3rd most demanding cryptocurrency
is XRP. The price of the XRP is very low compared
to bitcoin and ether, but the market capital is
in the third position. Its record price is 3.40
while it always maintains the momentum of price
between 0.10 - 0.90. The reason for the sudden
boom of XRP is, united states are powering XRP at
a higher pace.
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Bitcoin Cash The name itself has self-promotion
in it. Bitcoin cash holds the 4th position in
terms of market capital. The peak price of
bitcoin cash is around 3600, but it maintains a
constant price between 100-800. Tether This
cryptocurrency stands in 5th position in terms of
market capital. Its price never goes beyond two
dollars. Its all-time high value is
1.21. Bitcoin SV Its name also starts from
bitcoin. So the market has a tendency to uplift
those coins whose name is similar to bitcoin. Its
price varies between 100-400. Its stands 6th
position in the market rank. Its all-time high
value is 441 and all-time low is 36
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Litecoin Litecoin got all lot of followers from
the market compared to other cryptocurrencies.
Its market value is pretty high and is currently
stands at the 7th position. Its the only coin
available in the market whose total coin and
circulating supply are equal in nature.
EOS Its the one of the highest ICO record
holder of the market. The price varies between
2-10 and its blockchain EOSIO got a lot of
developer support. Its all-time high value is 22
and eos was first present in ethereum as a
secondary token. Binance Coin It is released by
the famous crypto exchange called Binance where
it will be airdropped to clients who use Binance
exchange. Its popularity is pretty much
well-received compared to top other exchange
released coins.
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Read more Best Cryptocurrencies to Invest
in 2020
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Thank You !
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