Best Top Crypto Coins To Invest In 2020

Before thinking of investing in any cryptocurrency, it’s very important to understand their features, market market value and potential in the long turn. The fact that there are over 2,000 cryptocurrencies currently available to traders and investors makes it even harder to know the best ones to bet your money on. Investors and traders, especially new market entrants, find it hard to choose the top crypto coins to invest in. This is because the market changes, and different cryptocurrencies peak for various reasons.

For that, following their move is equally important. Just like real estate investment and significant investments, you can’t just rush into any decision.

Early days of 2020 has been a devastating one so far for the cryptocurrency space and the financial markets in general. The coronavirus (COVID-19) outbreak has been the primary topic of discussion so far this year, and it has affected several economies around the world.

In the cryptocurrency industry, most people believe the bear market is over as BTC price has been hovering around the $10,000 mark for the past few weeks. The Bitcoin mining reward halving in May is another highly anticipated event. In terms of adoption, to invest in cryptocurrencies have been gaining momentum globally.

Knowing which cryptocurrency to invest in might prove to be a difficult task for you if you’re not updated on the performance of the cryptos. You can’t make investment decisions based on emotional judgments. There are several metrics used to calculate the best currency to invest in. In a matter of time, cryptocurrencies can jump up or down the ranking order, as recently Bitcoin and Ethereum are indeed the top cryptocurrencies to invest. But before we make any decisions in our investment, we should be asking ourselves the following questions:

• Are you having any planning of selling after it reaches a peak price?
• If yes, do you want to sell it all at once or gradually?
• Is there any factor that might affect your decision and you sell it off abruptly?
• What is the maximum amount of loss which you can bear?
• How optimistic are you about making profits?
• Do you follow the market news on a regular basis? If you’re not keen on that, you mustn’t invest.

Based on these questions, you should figure it out whether you want a long-term investment or a short-term investment in the cryptocurrencies. I hope this help. You can further read more for the best crypto to invest in amidst this pandemic.