2020 is beginning to return to normal. Some limits have now been abolished and borders are opening up slowly. COVID took six months of our lives for most of us, so it's time for us to start making up for that wasted time.
One thing that became incredibly hard to do during COVID lockdown was making money as many businesses shut down, and millions of people lost their jobs. So, now that we have a bit more freedom, we can start making money and investing in our future.
Investing is a great way to put any extra money you have to good use. If you choose your investment correctly, you could see a significant return. Now, what is the best thing you could invest in 2020? You could go for real estate or put your money into a new business, or you could start investing in cryptocurrency.
Cryptocurrency is an excellent investment as you don't have too much to do apart from buying and storing it. So, it's perfect for anyone who is busy with work but still wants to invest in something.
There are so many cryptocurrencies out there, but which ones should you be investing? Well here are the top 5 best cryptocurrency investments of 2020:
Bitcoin was created by Satoshi Nakamoto in 2008 and was released in 2009. Since then, it has dominated the cryptocurrency world. It has currently 79% market share because of its popularity and name value. Bitcoin price is $16,046 AUD at the time of writing. You can purchase small portions of Bitcoin, which will cost less but still leave you with an excellent investment.
Ethereum is also an excellent investment because aside from it belongs to top cryptocurrency. It is also a developer tool that tech giants like Microsoft use. Ethereum's price is currently $520 AUD at the time of writing.
Bankcoin Reserve is a stable coin which is set to Golds price ceiling and has recently become a favourite among investors. It is a great coin to invest in due to its longevity and reliability. Its price is $2,669 AUD at the time of writing.
Litecoin is a peer-to-peer cryptocurrency that tries to mimic Bitcoins protocols but differs in some ways. It was invented by Charlie Lee and is becoming more widely traded because of its entry-level price, which is currently $67 AUD at the time of writing.
The crypto world is filled with coins that have unlimited potential, and the future is bright for cryptocurrency and its investors. We hope that this article about the top 5 best cryptocurrency investments will help you decide on the type of crypto you will be investing.