11 Best Cryptocurrencies to Buy for 2020

As of now, there are over 5,000 cryptocurrencies listed on Coinmarketcap, and probably twice as many that you’ll never know about. 

That’s a lot. So, what is the best cryptocurrency to buy in 2020?

In this article, I will share my 11 best cryptocurrencies to invest in for a strong, diversified portfolio.

Whether you are looking for the next big cryptocurrency, or for which altcoins to buy to diversify, read on.

Date: 
June 22, 2020
Read time: 
8 minutes

11 Best Cryptocurrencies to Buy for 2020

Author: Michael R.
Date: 
June 22, 2020
Read time: 
8 minutes

As of now, there are over 5,000 cryptocurrencies listed on Coinmarketcap, and probably twice as many that you’ll never know about. 

That’s a lot. So, what is the best cryptocurrency to buy in 2020?

In this article, I will share my 11 best cryptocurrencies to invest in for a strong, diversified portfolio.

Whether you are looking for the next big cryptocurrency, or for which altcoins to buy to diversify, read on.

As of now, there are over 5,000 cryptocurrencies listed on Coinmarketcap, and probably twice as many that you’ll never know about. 

That’s a lot. So, what is the best cryptocurrency to buy in 2020?

In this article, I will share my 11 best cryptocurrencies to invest in for a strong, diversified portfolio.

Whether you are looking for the next big cryptocurrency, or for which altcoins to buy to diversify, read on.

Investing in cryptocurrency is risky, but investing in only one is way more dangerous.

Diversification Is Key

There isn’t only one best cryptocurrency to buy. 

Lots of cryptocurrencies have various use cases and promise to disrupt various industries. 

Investing in cryptocurrency is risky, but investing in only one is way riskier. 

So make sure to diversify your crypto portfolio.

Diversification is a great way to hedge your risk and increase your chances of being involved in the next hot cryptocurrency.

Since I love diversification, my list of the best cryptocurrencies to invest in includes coins that:

  • Land in different categories of coins that exist.
  • Are some of the less volatile coins in each category.
  • Are relatively easy to store and trade.

As all cryptocurrencies presented are so different, make sure to think about which ones make the most sense for your portfolio and your investment strategy.

 

The 11 Best Cryptocurrencies To Buy

Going forward, I will describe each coin, its purpose, team, liquidity, price volatility, and other metrics. 

In the end, you will have a solid understanding, so that you can decide for yourself which is the best cryptocurrency to buy in 2020.

I will start with popular, well-known cryptocurrencies. Ideal for beginners.

Then, I will move on to some more advanced coins.

These coins may generate more profits, but they require you to know a bit more about them.

Plus, they are likely more volatile than the first coins on my list.

If you’ve already invested in top cryptocurrencies offered on platforms like Coinbase and want to expand your portfolio, then the coins at the bottom of my list might be best for you.
 

#1. Bitcoin

Bitcoin is the most widely used cryptocurrency to date. It is often referred to as the king of cryptocurrencies, and its primary goal is to act as global, peer to peer, digital cash.

Best Cryptocurrency To Buy. Bitcoin vs. Fiat money
 
  • Team: Bitcoin is the only cryptocurrency that I recommend with an anonymous founder. The creator of Bitcoin is known as Satoshi Nakamoto. There is a lot of speculation about who he or she is, but ultimately, no one knows. On the other hand, the team actively updating Bitcoin’s open-sourced codebase is run by top cryptographers in the space, such as Adam Back.
  • Liquidity: Bitcoin has the highest liquidity in the space, making it the best cryptocurrency to buy for beginners. You will have no trouble buying or selling Bitcoin - there will always be someone on the other end to match your order. 
  • Price Volatility: Despite its volatility, Bitcoin is known to be one of the most stable cryptocurrencies. It would require a lot of capital for someone to manipulate the price.
  • Crypto Economics: Bitcoin runs on a PoW (Proof-of-Work) system, which means miners receive block rewards in Bitcoin. Initially, the block reward was 50 BTC per block, but every 210,000 blocks the reward halves. This means, over time, inflation decreases. Also, the supply is limited: only 21 million coins will ever be mined. As demand increases, the price should rise substantially.
  • What makes Bitcoin a good investment? Market share. Did you know that Bitcoin accounts for over 60% of the total cryptocurrency market cap? This dominance means it has tremendous momentum, which makes it the best cryptocurrency to invest in 2020 if you’re a beginner, or if you simply don’t trade much.

Simply put, Bitcoin is still the best cryptocurrency to buy today, if not the best. I would not recommend anyone invest in cryptocurrency without investing in Bitcoin. 

If you’re still not convinced, check out why Bitcoin is a good investment.
 

#2. Litecoin

Litecoin is one of the first cryptocurrencies to come after Bitcoin, and one of the hottest cryptocurrencies of the last decade.

Using Bitcoin’s source-code, Litecoin is a fork of Bitcoin with some technical changes to the code, making it much faster than Bitcoin. Its mission is also to be a global, peer to peer currency.

Best Cryptocurrency To Buy. Source: imgur.com
 
  • Team: The creator is Charlie Lee. He is an experienced computer scientist, who also worked at Coinbase as the Director of Engineer. His brother is Bobby Lee, founded BTC China, a large exchange. Charlie is both experienced and well connected. 
  • Liquidity: Litecoin is very liquid. It has had high liquidity and a large market cap since its creation. 
  • Price Volatility: Litecoin is more reliable of a hold compared to higher risk coins with smaller market caps and communities. 
  • Crypto Economics: Litecoin started with a 50 LTC block reward, now it is 12.5 LTC. There is a limited supply of 84 million as compared to Bitcoin’s 21 million. Still, this is with a higher block reward and faster block time. 
  • What makes Litecoin a good investment? Litecoin is the silver to Bitcoin’s gold. It’s one of the original altcoins, and therefore also has a tremendous market cap when compared to other altcoins. Plus, it has utility; it’s faster and cheaper than Bitcoin. Its longevity and utility put it towards the top of the best cryptocurrency to buy in 2020.

Despite its competition, Litecoin is still one of the most trusted and used cryptocurrencies these days.
 

#3. Ethereum

Ethereum was the first major project to introduce smart contracts.

Smart contracts allow developers to launch mobile and desktop decentralized applications (dApps) on top of the blockchain. 

Thousands of tokens run on the Ethereum network, and these tokens were what spurred the initial coin offering (ICO) movement.

Best Cryptocurrency To Buy: How Smart Contracts Work
 
  • Team: Ethereum is founded by Vitalik Buterin. Although he’s young, he has proved himself to be a dedicated cryptocurrency expert. Joseph Lubin is also known as a co-founder of Ethereum as well as Consensys, which is a software-production studio in NY dedicated to creating decentralized Ethereum applications
  • Liquidity: Ethereum is also highly liquid, generally ranked #2 or #3 right below Bitcoin. You will have no problems buying or selling Ethereum. 
  • Price Volatility: Ethereum has a loyal community and team, which means the price has a better chance of staying stable and increasing in the long run. 
  • Crypto Economics: There are many more Ethers that can exist as opposed to Bitcoin and Litecoin. But keep in mind that Ethereum fuels the dApp ecosystem. This means millions of developers and companies may need Ether to fuel their smart contracts and launch their applications. 
  • What makes Ethereum a good investment? Ethereum is the current leader of smart contract platforms and is still one of the hottest cryptocurrencies to buy in 2020 for the innovations it brought to the world and its potential applications worldwide. 

Is Ethereum a good investment? Check out the full guide on why Ethereum is worth buying
 

#4. Binance Coin (BNB)

Unlike Bitcoin and Litecoin, which aim to be used as currencies, the Binance coin is a utility token

This means its value comes from how useful it is (and how much demand there is for its utility) within the Binance ecosystem.

Best Cryptocurrency To Buy. Source: binance.com
 
  • Team: Changpen Zhao is the CEO of Binance. Given the success he and his team are achieving with Binance, it’s safe to say they have the skills and resources to make this coin a success.
  • Liquidity: Binance Coin is one of the most liquid cryptocurrencies right now. It is always well-ranked on Coinmarketcap, with stable or growing trade volume. 
  • Price Volatility: The price has shown impressive stability (compared to other cryptocurrencies), along with consistent growth. The price was indeed multiplied by x3 in early 2019, during the bear market.
  • Crypto Economics: 200,000,000 BNB were issued via an ICO at $0.10 per coin. BNB offers trading fee discounts to users holding BNB. In the first year holding BNB, users get 50% discounts, then 25% the second year, 12.5% third, 6.75% fourth, and zero the fifth or later. Binance will also use 20% of its profits each quarter to buy back BNB tokens and burn them until the amount of BNB has reduced to 100,000,000 - by half. Binance is also launching a decentralized exchange, Binance DEX, which should further increase the utility of BNB. 
  • What makes BNB a good investment? As opposed to most utility tokens, Binance has found lots of use cases for BNB tokens (and they keep adding new use cases regularly), which should only increase demand for the token -- and thus, its price.

Binance is one of the world’s fastest-growing exchanges. Because Binance Coin is used to pay for transactions on the exchange and many other purposes, BNB is one of the fastest-growing cryptocurrencies in 2020 in terms of trade volume.

If you’re looking to diversify your cryptocurrency portfolio by adding a utility token issued by a company with a solid business history and an experienced team, think Binance coin.
 

#5. Basic Attention Token (BAT)

Basic Attention Token is another utility token most commonly utilized in the Brave Browser

The BAT token is used to tip content creators, or virtually anyone that you find helpful on the internet. You can tip content creators monthly, or choose to send one time payments to specific people. 

Additionally, users who watch ads can get rewarded in BAT. Using smart contracts, advertisers can lock up BAT, and as their ad is viewed, their funds are released to both the Brave Browser and the end viewer. 

Best Cryptocurrency To Buy. Source: Brave
 
  • Team: The founder is Brendan Eich. He helped create Javascript and is a co-founder of Mozilla Firefox. With these wild credentials, you can bet he understands the browser business and technology. 
  • Liquidity: Liquidity always fluctuates, but BAT is generally well within the top 40 most traded coins, according to Coinmarketcap. 
  • Price Volatility: Surprisingly consistent compared to other cryptocurrencies. In 2018 and 2019, the price has remained within the same region while most other coins were collapsing. This may be a good sign of healthy accumulation. 
  • Crypto Economics: A total of 1.5 billion tokens exist, and it is planned to stay this way. If demand grows, then so should the price valuation of the token. 
  • What makes BAT a good investment? BAT tokens are heavily used within the Brave ecosystem. Plus, the Brave browser has seen huge adoption growth and great feedback from internet users since 2019. BAT will likely be a hot cryptocurrency in 2020.
Try BRAVE, the browser by BAT which competes with Google chrome and offers more privacy and security.

 

#6. Monero (XMR)

Monero is a privacy-focused project. The coin utilizes fancy cryptography and privacy logic to hide the participants' identities. 

It is widely used on the dark web for this reason and is the most popular privacy coin today. 

Best Cryptocurrency To Buy. Source: bauer-power.net
 
  • Team: Monero had a somewhat anonymous start by a user on the Bitcointalk forum. The team is known to be led by Riccardo “fluffypony” Spagni, an experienced developer and cryptocurrency expert. 
  • Liquidity: Monero is a highly liquid coin, always sitting at the top of Coinmarketcap. No matter how much you wish to buy or sell, the market should be large enough to fit your needs. 
  • Price Volatility: Due to Monero’s user base and market cap, it’s a bit more stable and less risky than smaller market cap coins - and it has proven so during the bear market of 2018/2019. 
  • Crypto Economics: A maximum of 18.4 million XMR coins will exist in circulation until May 2022. After that, 0.3 XMR will be put in circulation every minute forever. This is a pretty small limit, making the coins very valuable in times of demand. Much of the dark web uses Monero for its privacy features, which is continuously pushing demand up.  
  • What makes XMR a good investment? Whether you feel good about it or not, privacy coins like Monero will always have demand due to their use on black markets. Despite its old-fashioned technology, Monero’s popularity and liquidity make XMR one of the top privacy-focused cryptocurrency to buy in 2020, and a great way to diversify your portfolio.

 

#7. NEO

NEO is often known as the China-based Ethereum. Founded in China, NEO is another smart contract platform enabling developers to launch dApps on the blockchain. 

They are slightly more centralized than Ethereum: instead of relying on hundreds of nodes like on Ethereum, there are only a few (less than 10) that make up NEOs decision making.

Best Cryptocurrency To Buy. Source: cryptocurrencyaus.com
 
  • Team: The founders are Da Hongfei and Erik Zhang, who also lead a company called Onchain. They are experienced and trusted. 
  • Liquidity: NEO is generally sitting in the top 25 at Coinmarketcap, making for a highly liquid asset. 
  • Price Volatility: Due to the high liquidity to price relationship, you can bet that your investment will be safer and more stable than most other cryptocurrencies out there. 
  • Crypto Economics: 200 million NEO will exist. 100 million NEO were created at the genesis block, 50 million were sold to early investors, and 15 million are unlocked for funding development. This means NEO’s supply is really already distributed to users, and now demand just needs to keep rising. 
  • What makes NEO a good investment? Smart contract platforms are targeting a vast market. Although Ethereum is currently the worldwide leader, China is a huge market, and NEO has significant chances of leading out there. As a result, NEO is one of the best cryptocurrencies to buy if you want to hedge against Ethereum. 

 

#8. Beam

Beam is another privacy-focused cryptocurrency making waves in the industry. 

Unlike Monero, which is a more traditional blockchain project, Beam uses a new blockchain protocol called Mimblewimble. 

Without getting into detail, Mimblewimble is known to help significantly with scaling the blockchain and transaction speed, all while maintaining a high level of privacy and anonymity.

Best Cryptocurrency To Buy. Source: beam.mw
 
  • Team: Alexander Zaidelson is the CEO of Beam and has vast experience with P2P technology. He co-founded Nareos (a P2P file-sharing company) and has served as an advisor to several other startups. 
  • Liquidity: Beam has high liquidity for its relatively low market cap size, but this is good. It means investors are active and speculation is high. 
  • Price Volatility: Beam’s price has been fairly consistent compared to most altcoins. But since it’s relatively new, the price can shoot up or down at any time. 
  • Crypto Economics: Beam is a PoW cryptocurrency, much like Bitcoin or Litecoin. This means that people are investing in physical mining hardware, creating a foundation price for each coin to be created. Or in other words, a rough wholesale price to produce coins. There is a max supply of 262,800,000 BEAM that can ever exist. The inflation depends on block rewards; It starts at 80 coins per block, then reduces to 40 coins, and lastly, year 6 will decrease the reward to 25 coins per block. After that, there will be a halving every 4 years until the 129th year. To sum it up, inflation goes down over time. If Beam’s demand increases over time, then it can make for a nice possible price increase. 
  • What makes BEAM a good investment? With Mimblewimble technology, Beam should be more scalable than other privacy-focused coins. With well-thought crypto-economics, Beam may very well be the next hot cryptocurrency to buy in 2020.

 

#9. NEXO

Nexo has been gaining some attention recently. Nexo as a software is a wallet that allows users to borrow money using their coins as collateral. 

On the other hand, users can also easily and instantly lend crypto and gain interest from lending. 

Nexo also offers a free credit card for users and has a unique business model. 

The NEXO token is one of the first security tokens to be offered (STO) in the industry. 

Best Cryptocurrency To Buy. Source: cryptopotato.com
 
  • Team: Kosta Kantchev is one of the leading figureheads behind Nexo. He is a co-founder of Credissimo, a leading European fintech group focused on retail lending, which is the business powering Nexo. He is a fintech veteran and early user of Bitcoin.
  • Liquidity: Nexo has enough liquidity for the average trader to enter or exit positions, but large investors may struggle to load their bags.
  • Price Volatility: So far, incredibly steady. It also has organic growth, which means that the price isn’t increasing or decreasing drastically.
  • Crypto Economics: Currently, there are less than 560,000,000 NEXO circulating with a max supply of 1,000,000,000. Since NEXO is a security token, it is also SEC-compliant and pays dividends to holders. This is a big deal for many.
  • What makes NEXO a good investment? The crypto lending space is growing fast, and Nexo is one of the leading brands in the industry. Although the coin is fairly new, it offers a great way for investors to diversify their crypto assets AND earn money from their holdings through dividend payments. Nexo already has a functional product - which most cryptocurrency projects out there don’t. And the founders are very experienced in the credit industry.
Find out how to earn interest on crypto using the best Bitcoin lending sites available!

 

#10. Cardano (ADA)

Cardano, which is competing with Ethereum and NEO, is touted to be more scalable and easier for developers to use

It aims to be more scalable by introducing two layers of technology: one responsible for tracking balances of the ledger, and the other for transferring value. 

Cardano uses two programming languages called Haskell and Plutus. 

Haskell has been around since the 1980s, and is Cardano’s attempt at making it easier for developers to create decentralized applications. Plutus is the functional language built in-house by Cardano’s development team. 

Best Cryptocurrency To Buy. Source: topsimages.com
 
  • Team: Charles Hoskinson is the co-founder of Cardano, and was a co-founder of Ethereum as well. He also leads IOHK, a leading research and development facility for blockchain technology. Charles is well equipped to make Cardano a successful venture. 
  • Liquidity: Cardano regularly has high trading volumes, so you should have no worries actively trading in this market. 
  • Price Volatility: Cardano has had its ups and downs. Overall, it’s more volatile than other major cryptocurrencies out there. 
  • Crypto Economics: Cardano has a max supply of 45,000,000,000 and a current supply of ~31,000,000,000. It uses a Proof-of-Stake (PoS) consensus algorithm.
  • What makes ADA a good investment? All in all, Cardano is a good cryptocurrency today because it’s another way to hedge against Ethereum. It may not be as promising as NEO or Ethereum itself, but it has potential and is worth keeping an eye on at least.

 

#11. ENJIN (ENJ)

Enjin is a fascinating use case for blockchain technology. The company's entire goal is to bring gaming (esports, VR, social, etc.) to blockchain. 

This means that gamers can own assets from their games. 

Imagine playing games and, when the game is over, you can sell those assets to other players. 

You can also buy and collect in-game items from your favorite players and top Twitch champions. Wait for them to increase in value or sell them right away. The choice is yours.

Another amazing feature of Enjin is their Multiverse. The concept is incredible: players will be able to play one game and then transfer their character, assets, winnings, and other items to an entirely different game made by a whole different game developer!

Best Cryptocurrency To Buy. Source: enjin.io
 
  • Team: Maxim Blagov and Witek Radomski are the CEO and CTO, respectively. They started the company twelve years ago, before Bitcoin and blockchain. They’re among the first people to understand the power of blockchain in gaming and have pivoted their company for outstanding success.
  • Liquidity: ENJ regularly has high trading volumes since it’s regularly in the top 100 coins, so you should have no worries actively trading in this market. 
  • Price Volatility: ENJ has had its ups and downs. I would say it is moderately volatile. 
  • Crypto Economics: Enjin has a max supply of 1,000,000,000 and a current supply of 821,195,954. It’s based on Ethereum, so it uses its blockchain.
  • What makes ENJ a good investment? eSports are the future of competition, streaming, and gaming in general. Asset ownership and gaming is also a natural fit. Enjin is the first company to pioneer blockchain technology in the gaming industry, and thus, has strong momentum and skills. This makes it one of my top cryptocurrencies to buy today.

 

Are You Looking for More Great Cryptocurrencies to Buy?

You made it to the end of my list! I hope you enjoyed my top 11 cryptocurrencies to buy for 2020, and that you found the information I provided useful.

You might also like: The 7 Best Bitcoin Sports Betting Sites

If you’re looking for more great cryptocurrencies to invest in, or to find out which coin is going to be the next big cryptocurrency, here is what you can do:
 

1. Join crypto communities

An excellent community to explore new cryptocurrencies is the BitcoinTalk forum, specifically the altcoin threads.

You can interact with people deeply involved in this niche, explore opinions, and search for the announcement threads (“ANN”).

This forum is also helpful to discover projects early on, before they become the next big cryptocurrency.

More great communities can be found on Facebook -- and one of them is our own Facebook group. Feel free to join and ask other members about their favorite cryptocurrencies.
 

2. Check out trustworthy crypto exchanges

The best crypto exchanges perform a significant number of checks before listing new coins for trading.

You can use these verifications as some kind of quality label to find some of the best cryptocurrencies to invest in which aren’t listed on this page.

eToro and Binance are some of the biggest crypto exchanges and offer dozens of the best cryptocurrencies for trading -- I definitely recommend you check them out.

 

Remember to stay safe

Buying the best cryptocurrencies is not enough to be a successful crypto investor.

Countless promising investors saw their crypto journey end brutally because they did not pay attention to security.

If you’re serious about investing in cryptocurrencies, put some effort into reinforcing your security.

  • Read the ultimate cryptocurrency investment strategy guide I wrote about the 50 mistakes cryptocurrency investors make -- many of them are related to security.
  • Purchase a hardware wallet (recommended if you own $500 or more worth of cryptocurrencies). Our favorite hardware wallets are the ledger nano s and ledger nano x.
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~$70  Get a Ledger Nano S
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I hope you enjoyed this article.

Let me know in the comments which coins you invest in, and which top cryptocurrencies you think are missing from my top 11!

More Useful Resources: 

Posted by Michael R.

Michael is an entrepreneur who has been deeply involved in the cryptocurrency industry since early 2014. He joined Cryptomaniaks as a cryptoanalyst, helping to create accurate and digestible content.

Comments

tom
dear Michael R.; Why do you omit XRP from your article. It is basically the only that crypto currency that has continued to increase its utility? Also it is the 3rd highest traded coin on the market.
Michael Rosenblat
Ripple is in its own category with very unique tokenomics compared to these. I do agree, however, that they are a top-notch company in the space - without a doubt.
Elliott
Thanks for the info and suggestions. I think Grin should replace Beam on your list for privacy coins - it's got a more robust framework underneath it and bigger resources already behind it. GRIN is also free of founder rewards, ICOs etc so more open and transparent as compared to BEAM.
Kabi
What do you think of DAPS?
Michael Rosenblat
Grin and Beam are interesting projects, I personally am fascinated by privacy tech in general.
Julio
Great review indeed.
Michael Rosenblat
Thanks!
Sumit Valecha
How about Waves?? there is no mention considering it is a serious contender
Michael Rosenblat
Waves is cool too! Beautiful DEX.
Ademidun
How can i join bitcoin and which of this will be good to use when I start my bitcoin wallet account. Computer or phone Thank
Michael Rosenblat
Phone is easy for getting started imo. BRD, Mycellium, and some others are simple to start with.
John Fox
I'm a blue collar guy and have 800 invested in bitcoin. I can only afford to add a couple hundred every so often as I'm doing it with extra money from my monthly income from my paychecks. What is the best way for me to profit and make good sound decisions in diversifying my investments. I'd like to make gains but not have large amount to invest am kind of clueless how to go forward . What's your advise for a beginner and total Amateur in investing in crypto. How can I know the next best way to invest small amounts but make a profitable decision.
Michael Rosenblat
I would recommend speaking with a financial advisor who better understands your entire financial and personal situation.
will
do you have information about pivot(pvt) token friend's of main introduced it to me and said has great potential what do you think about it? according play store pivot app has 3 million download. thanks
Farah Karroum
Hi, Thanks for the information. Was very useful. Do you know anything about E2C? Do you think it will have a good potential in the market? Thanks!
Altcoin Legend
E2C has a new team now. Migrated to own blockchain. They got listed in 3 new exchanges this month. E2C project has good potential in 2020 I see. I am accumulating on STEX exchange.
Akshara
Hi, The cryptocurrency market is constantly changing, so we always need to keep your eyes and ears open. According to me, these are the top 5 crypto coins, you can invest in the future to gain a huge profit. Let’s take a look. It's my opinion, Bitcoin, Ethereum, Bitcoin Cash, Ripple, Binance Coin. Thanks for sharing this article! Coinsclone.
Fortran
What u think of Crypton?
vahid
Thanks dear Michael, whats your idea about vechain???
Ayo
Am a beginner,. The problem having is the right time to buy or sell
Obi
Verge XVG cryptocurrency and Dash should be on this list, currently Verge is very cheap and it has many use cases.
ZNIBER mohammed...
YES YOU ARE RIGHT BOTH ARE GOOD FUTURE
Marc
What about Stellar??? I’ think a Coin with great potential
Mayur Agarwal
Good stuff
Giyous
I've been using BTC for a long time now but I discovered the mintMe platform and I trying new ones cuz' this page has all coin options and that's something I've never seen before so... I could say that I'm happy with it and I'll be trying all the suggestions in this article Wink

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