It’s no secret that cryptocurrency is one of the most volatile markets in the world. Prices can swing wildly up and down over a short period of time, making it a risky investment for those looking to make a quick buck.
However, for those willing to stomach the volatility, there can be huge rewards to be reaped. Cryptocurrency prices are largely dictated by supply and demand. When there’s high demand for a certain coin or token, prices will sky rocket.
This was seen in late 2017 when Bitcoin reached an all-time high of almost $20,000, before crashing back down to around $3,000 just a few months later.
However, since the market crash of 2018, prices have been on the rebound with many experts predicting that we could see another bull run in 2020. So, if you’re thinking about investing in cryptocurrency, which ones should you buy?
Here are our top five cryptos to buy now that have the potential to make you money in 2020:
Bitcoin (BTC)
Arguably the most well-known cryptocurrency on the market, Bitcoin needs no introduction. Created in 2009 by an anonymous person or group known as Satoshi Nakamoto, Bitcoin is the first and most successful decentralized cryptocurrency. It’s also currently the largest crypto by market capitalization, with a value of over $100 billion.
So, what makes Bitcoin such a good investment? Well, as the first mover in the space it has brand recognition that none of its rivals can match. It’s also been adopted by some major companies and institutions including Microsoft, AT&T and Overstock.com. As more businesses start to accept Bitcoin as payment, demand for the coin is likely to increase driving up prices.
