Last updated on December 22, 2019
Are you looking best cryptocurrency to buy in 2020 which consist of huge potential to grow and succeed in the future ?, so you are in the right place I will show you the 21 best cryptocurrency to buy now for 2020 as long term investment.
I will not list here high market cap coins in this article instead of Ethereum. High market cap coins low-risk investment compared to the low cap coins.
I list the following cryptocurrency according to my own research and investigation where I have considered some of the important factors such as project vision, coin or token use cases, past performance, development team, and community engagement, etc.
4 Things to consider before buying any cryptocurrency
01. Do your own research
When you make any invest in cryptocurrency or any asset, you need to study the assets especially when you are looking for a new cryptocurrency project which is not established on the market. You should learn and understand the cryptocurrency project then you can invest with confidence.
02. Invest the money that you can afford to lose
When you are making any investment, there is risk losing the money. In this case, you should invest money that you can afford to lose.
03. Diversify the cryptocurrency portfolio
In this case, you should invest in the various crypto project other than one or two cryptocurrencies. There is huge opportunity to fail and ban some cryptocurrency project because still, the crypto is new to the world, and new kind of regulation impact on cryptocurrency projects.
04. Don’t keep cryptocurrency on an exchange
Keeping cryptocurrency on exchanges do not safe because there are a lot of cryptocurrency exchange hacks happened history.
If you want to buy and hold, please use a personal wallet that allows the exporting private keys or recovery phrase.
Don’t keep entire funds on the crypto exchanges, keep some of the cryptos on exchanges, if you are a day trader.
21 Best cryptocurrency to buy in 2020
I have divided the whole list into 5 different categories which are blockchain and smart contracts, payment ecosystems, cryptocurrency ecosystems, and other cryptocurrency projects.
Blockchain and Smart contracts – Best cryptocurrency to buy
01. Ethereum – a decentralized world computer
Ethereum is a global, open-source, decentralized smart contract platform powered by blockchain technology which is founded back in 2015 by Vitalic Buterin.
Ethereum blockchain can be used to build and power the decentralized financial applications, crowdfunding ICOs, prediction markets, payment systems, decentralized exchanges, blockchain games and collectibles, governance protocols, etc.
In 2020, there are major updates will happen such as sharding integration, proof of stake, new virtual machine improvements, etc. This major update is known as Eth 2.0 or Serenity which will solve some major issues faced by the Ethereum blockchain.
02. Fantom – The nervous system for smart living
Fantom is a DAG (direct acyclic graph) based smart contract platform that solves the scalability issues of the existing distributed ledger technologies.
Fantom transactions are instant with near-zero transaction fee which will handle 24000 TPS already tested with established nodes where performance achieved by integrating the Lachesis protocol into the Fantom opera chain.
Fantom will be used in smart cities, government services, financial services, educations, the renewable energy sector, the traffic management healthcare industry, etc.
Fantom foundation based in South Korea with a highly experienced team near future, Fantom main net will be released.
03. Tezos – a platform for smart contracts and dapps
Tezos is a new platform for smart contracts and decentralized applications.
Tezos blockchain solves the current governing issues faced by the current existing blockchains such as Ethereum, Bitcoin, etc which helps to keep the community together.
They have more than 30,000 active community and there are so many Tezos related organizations such as
Tezos is proof of stake coin which enables the staking the Tezos currently in Coinbase custody service enables staking for institutional-grade investors.
04. Ontology – a decentralized trust network
Ontology is a high-performance public blockchain and a decentralized trust network. Ontology builds the three apps to redefine decentralized trust which are ONT ID, ONTO, and DDXF.
ONT ID is a decentralized ID framework, ONTO is wallet service where you can manage the digital assets safely. DDXF is a decentralized data exchange and collaboration framework.
Ontology consists of two coins which are Ontology(ONT) and Ontology Gas(ONG) where you will earn ONG coin staking ONT coin for that you need a higher amount of ONT coin and also, you can redeem little ONG holding any amount of ONT.
And also, Ontology consists of an excellent team and community and partners.
05. Ravencoin – a blockchain for peer to peer assets
Ravencoin is an open-source, peer to peer decentralized cryptocurrency forked from the Bitcoin which consists of creating, issues, transferring digital assets on Raven blockchain. These assets can be representing company share, virtual goods, physical or digital assets or even credits and It can be issued as collectible or as securities.
Ravencoin mining far different than the Bitcoin mining, Raven does not allow ASIC mining through randomizing the hashing algorithm where it avoids centralization of mining but Bitcoin mining can be centralized through these ASIC mining.
Ravencoin has an amazing community and developer community, you can prove that on Ravencoin Github.
06. Energi – a cryptocurrency for world adoption
Energi is the cryptocurrency for world adoption which consists of proof of stake master node, smart contracts, and governing system.
Energi has unique features such masternode, scalability, instant payment, near zero fees etc.
Energi masternode gives huge rewards to the community where you need 10000 NRG coins, nowadays It is too expensive the starting new masternode.
Energi self-funding treasury gives confidence to the Energi development and it will ensure the rapid growth of the Energi ecosystem.
Payment ecosystems – Best cryptocurrency to buy
07. Reserve protocol – a decentralized global reserve currency
Reserve protocol is a decentralized stable coin system which is stabilized the Reserve token (or RSV token). There is are three cryptos available which are Reserve Rights (RSR token), Reserve Token and Collateral tokens.
Initially, Reserve token is stable coin pegged to US dollar. Reserve Rights token price fluctuates and primary function is governing the RSV token. Collateral tokens consist of tokenized assets, currencies, commodities and bonds.
Long term vision is becoming the global reserve currency used for payment, cross border payment, online merchant payments, etc.
The team consists of top people who were worked in top companies such as Google, IBM, Tesla, OpenAI, etc.
The project was fund by top Silicon Valley investors such as Coinbase Ventures, Peter Thiel one of the co-founders PayPal, Sam Altman and many more.
The main net and Mobile payment app will be released next year.
Buy RSR token on Hotbit
08. Dash – privacy-focused cryptocurrency for instant payments
Dash is a privacy-focused cryptocurrency for instant payments with high speed, near-zero transaction fees.
Dash can be used to pay a cup of coffee, utility bills, and airline tickets with ease and no waiting time currently its accepts over 4800 plus merchants and vendors such as Overstock, CheapOair, Mobile Topup, etc.
Dash protocol consists of two layers where layer one consists of proof of work consensus mechanism where miners perform the Dash sending, receiving and double-spending issues.
The second layer consists of proof of stake consensus mechanism which enables special features such as InstantSend, PrivateSend, and Username feature.
Dash is a masternode coin where you can start a masternode to power the dash network. The dash will incentivize the masternode operators rewarding the Dash coin over time. You should be collateralized 1000 Dash coin to start a new Dash masternode, currently, it is a heavy investment.
09. OmiseGO – instant peer to peer transactions
OmiseGO network enables instant peer to peer transactions in real-time, facilitating financial services across globally, asset classes and applications.
OmiseGO enables people to send money globally with the low transaction, instant and decentralized ways.
Currently, OmiseGO has some exciting partnerships such as Burger King Thailand, Shinhancard, Hoard exchange and it gets popular in southeast Asia.
OmiseGO eWallet is designed for businesses to easily integrate solutions and connect their customers to the digital marketplace.
OmiseGO consists of the 40 plus technological and financial professionals and active community.
Cryptocurrency ecosystems – best cryptocurrency to buy
10. Ren – Liquidity, unchained
Ren is an open protocol that enables the permissionless and private transfer of value between any blockchain that is formerly known as the Republic Protocol.
Ren primarily solves the interoperability and privacy issues facing current decentralized applications. These issues solve through the RenVM that consists of secure and private decentralized dark nodes. As an example you can’t trade Bitcoin on Ethereum based decentralized applications without relying on the third party, in this case, Ren enables connecting cross blockchains with securely and private manner and it brings new kind of liquidity into the existing ecosystem.
RenVM is powered by the dark nodes which are decentralized and spread over the world and anyone can become the node. Darknode operators will earn the fees powering the nodes. To become a node operator, you need to buy 100,000 REN tokens and stake as collateral and VPS running the REN dark node software.
Ren allows the integrating existing decentralized applications; the Value of REN token will increase over time integrating more decentralized applications.
11. Chainlink – a decentralized oracle network
Chainlink is a decentralized oracle network that connects blockchain-based smart contracts to external payment networks, data, and real-world events.
In traditional smart contract needs reliable middleware to connect external data, payment networks, and real-world events. There is a huge risk to failure the middleware where the solution is a secure, decentralized oracle network that provides the Chainlink.
Chainlink project has partnered with top companies such as Google, Oracle, SWIFT, Gartner to build next-generation enterprise-grade oracle networks.
Chainlink has a top management team as wells as the tech team.
12. Basic Attention Token (or BAT) – a decentralized digital advertising ecosystem
Basic Attention Token consists of an attention-based digital advertising platform on Ethereum blockchain where attention measures through inbuilt ledger system and compensating the users the unit of BAT.
If you are more interested, refer to What is Basic Attention Token.
13. Elastos – a blockchain-based internet infrastructure
Elastos is a decentralized, blockchain-based internet infrastructure where infrastructure includes developer tools such as runtime, carrier, did, hive, mainchain, side chain, consensus, and ELA token. These technological tools can be used to build secure, amazing decentralized applications with any programing language.
Elastos consists of open source code where anyone can contribute the code and build new kinds of applications.
Elastos has established a community organization to govern the future of Elastos which is called the Cyber Republic.
Elastos includes the top-notch development team of over 100 people. Elastos consists of a good community providing frequent updates, news, etc.
14. Enigma – a secure computational protocol
Enigma is a secure computational protocol where the Enigma secrete node of the network performs computation over the encrypted data with complete privacy.
Ultimately Enigma will enable secret and privacy-focused smart contracts, secret voting, dapps and crowdfunding and even secret auctions.
Engima secret performs the computation over Enigma virtual machine which is using web assembly, it enables developers to work with any programing language.
Enigma consists of an amazing community and developer team.
15. Quant – a cryptocurrency ecosystem
Quant is a cryptocurrency ecosystem that is developing Overledger, and Goverify.
Overlegder is a blockchain-based operating system that allows developers to connect various blockchain each other and connects to the external networks and also, it facilitates the creation of internet-scale multi-chain applications.
Goverify allows users to verify and check legitimacy email, SMS, and phone calls receive from the companies.
Currently, Quant has partnered with Oracle, Amazon Web Service, Hyperledger, Nvidia, etc.
Buy Quant(QNT) on Hotbit
Exchange protocols – best cryptocurrency to buy
16. Kyber Network – a decentralized, on-chain liquidity protocol
Kyber protocol is a decentralized, on-chain liquidity protocol that aggregates liquidity from a wide range of reserves, powering instant and security token exchange in any decentralized application.
Currently, Kyber protocol has integrated as instant swapping in many popular wallet services provides such as MyEtherWallet, Enjin Wallet, imToken wallet, Trust wallet, etc.
Kyber Network enables the business to accept cryptocurrency payment with any token listed in Kyber Network where Kyber Network enables customers and vendors to pay and receive payments in their token of choice. Currently, the Kyber protocol implemented in Wisepass, Hodlemoon, and Decentraland and few.
17. 0x protocol – Ethereum based peer to peer asset exchange
0x is an open protocol built on Ethereum blockchain which enables the peer to peer assets exchange. 0x supports any kind of assets exchange such as digital currencies, virtual gaming items, and collectibles.
0x consists of some amazing products such as 0x instant, Asset Swapper, 0x launch kit, 0x Governance.
There are 30+ apps built using 0x protocol such as Ethfinex, Radar, Paradex, etc.
Other best cryptos – best cryptocurrency to buy
18. Theta Network – a decentralized video streaming platform
Theta Network is a decentralized, video streaming platform powered by blockchain technology.
Primarily Theta Network consists of two key things which are Theta video delivery network and Theta blockchain. Theta video delivery network is responsible for the best delivery the video streaming and the Theta blockchain responsible for the transaction happened on Theta network.
Theta network enables high-quality video streaming, viewers rewarding with Theta fuel, cut the cost of video delivering and It fix the current video streaming issues.
Theta network consists of the professional team members and professional advisers from top companies.
Buy Theta on Binance or Hotbit
19. Enjin – a blockchain gaming ecosystem
Enjin is the Ethereum base cryptocurrency token which is used to directly back the value of blockchain assets.
Enjin develops the complete blockchain gaming ecosystem which includes Blockchain Unity Engine SDK, Godot Engine SDK, Eenjin Platform API, Wallet Daemon, Enjin developer portal, Developer chain API, Explorer, Dapp browser, etc.
Enjin price skyrockets due to announcing the Enjin wallet natively integrating into the Samsun S10 smartphone.
Enjin wallet is available for iOS and Android which supports ERC 20 tokens as well Bitcoin, Ethereum, many more.
20. Augur – a decentralized prediction market
Augur is a decentralized oracle and prediction market created on top of the Ethereum blockchain where anyone can create the market on anything with the goal of predicting the outcome of that event.
Augur is completely open-source and anyone can contribute to the Augur protocol.
REP is used for reporting on and disputing the outcomes of events.
Defi ecosystems – Best cryptocurrency to buy
21. Maker – decentralized credit platform on Ethereum
Maker is a decentralized credit platform on the Ethereum blockchain that is consists of a stable coin system. The platform consists of two coins which are Dai(DAI)and Maker(MKR). Dai is USD pegged decentralized stable coin backed by the collateralizing cryptocurrencies such as Ethereum, DAI, Basic Attention Token, Augur, ZRX token.
MKR token is used to vote on the maker governance protocol other than pay the stability fees on the CDP repayment. Also, Repayment MKR burns, therefore supply is reduced with popularity.
Maker has the governance protocol to govern the ecosystem with the help of the MKR asset.
There are few products have developed right now for strengthening the ecosystem and the community builds a lot of products already. Oasis provides such an amazing interface to facilitate the platform functionalities to trade, borrow, and save Dai.
Conclusion – Best cryptocurrency to buy
In this guide, you can review the 21 best cryptocurrency to buy for 2020 as long term investment. I have included a brief introduction about each and every project as clear as possible and some of the safest exchanges to buy the particular token or coin.
This guide will be updated and I will remove the coin whenever I notice the project doing the wrong things or underperforming in the future.
Disclaimer, please do your own research before making any investment and this is not investment advice.