What Are the Best Cryptocurrencies to Invest In

According to Yahoo Finance, the top ten best cryptocurrencies to invest in this 2020 are

  • Bitcoin
  • Ethereum
  • XRP
  • Bitcoin Cash(an independent digital currency developed from Bitcoin’s source code. In other words, it’s a Bitcoin spin-off)
  • Bitcoin SV( Just as Bitcoin Cash, Bitcoin SV is a virtual currency that was spun off Bitcoin)
  • Tether
  • EOS
  • Litecoin
  • Binance Coin
  • Cardano

Why The Above Are Considered the Most Profitable Cryptocurrencies In 2020

Looking at the above data, it’s easy to wonder why experts have determined these as the top ten most lucrative virtual currencies at the moment and not any others. Don’t worry, there was no foul play in settling for these cryptos. But a key factor i.e market capitalization for each virtual currency was taken into consideration during the process. 

What Is a Market Cap in Cryptocurrency?

Also known as “market cap”, market capitalization in layman’s terms is the total value of all coins of a particular digital currency. The digital currency could be Bitcoin, Ethereum, XRP, or any other. 

Market cap denotes the level of profitability of virtual currency. As such, the higher the cap, the more profitable the crypto. 

Market Caps for the Top 10 Digital Currencies In the World

The below currencies were found to have the highest market caps in descending order. 

  • Bitcoin—–$162,538,641, 503
  • Ethereum—–$18,737, 628, 448
  • XRP—–$10,170, 111, 823
  • Bitcoin Cash—-$6, 630, 743, 968
  • Bitcoin SV—–$5, 131, 978, 972
  • Tether—–$4, 637, 883, 081
  • EOS—–$3, 719, 680, 745
  • Litecoin—–$3, 709, 225, 172
  • Binance Coin—–$2, 735, 684, 161
  • Cardano—–$1, 303, 955, 432

Final Thoughts

In summary, the top ten virtual currencies in the world are as follows; Bitcoin, Ethereum, XRP, Bitcoin Cash, and Bitcoin SV. The rest is Tether, EOS, Litecoin, Binance Coin, and Cardona. Experts have determined these cryptos based on their individual market capitalization highlighted above. 

By Errole

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