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Cryptocurrency investment is time-consuming, requiring apt attention to charts. Most invest to make money, hence you would want your investment in the right place. Trading cryptos may be relatively new but several new coins make decisions harder. More than 8000 cryptocurrencies now exist in the world. The global crypto market cap is now $771.00B, a 1.20% increase over the last day, from almost 35000 markets. This more than 3.3 times from an average of $193 billion. The market has significantly grown and daily grabs the interest of new traders.
Bitcoin is comfortably the most reliable investment since its white paper was published in 2008. To make a decision on which coin to invest in should be done with more than instinct. Studying the whitepaper of a coin, its competitors, prospects, and capitalization in the market is critical. This list is curated with those underlying factors in consideration. Also, these cryptos have been the most traded cryptocurrencies on Over-the-Counter (OTC) by crypto whales. Below are five top cryptocurrencies to invest in as of December 2020:
Bitcoin (BTC)
One of the most actively traded crypto assets in 2020. Bitcoin is currently trading at nearly $30, 000 today. Bitcoin remains king in the crypto market.
Ethereum (ETH)
A strong competitor of Bitcoin from time, ETH is another coin to trade in or hold. Ethereum has increased by 21.57% in the last week. It is currently valued at approximately $738.
Ripple (XRP)
The eight-year-old Ripple currency has been shown as a strong contender in 2020 trading. Ripple price as of writing time is 0.232%
Binance Coin (BNB)
Binance coin has an all-time of $38. It was noted to be held in high volume last year and currently trades at $37.5, nearly closing in on $40
Cardano (ADA)
Cardano price today is $0.181053 USD.