A myriad of options: what are the top cryptocurrencies to invest in January?
08:20, 16 January 2020
After the infamous crypto winter, the industry has finally started getting back on track in 2019. Last year witnessed the rise of many new crypto projects, offering traders a large variety of options to consider when deciding to invest in this rapidly developing field.
Today, the number of those promising digital coins is continuously increasing. Many of them may look rather attractive in terms of investment opportunities. For that, to help you better navigate the market, we have reviewed some of the top cryptocurrencies to invest in January.
10. Leo Token
Leo Token is a coin issued by iFinex, which owns BitFinex and some other popular services. Amid the recent crisis, the coin was designed to improve the financial position of the platforms. For clients of the exchange, the main benefit of tokens is commission savings.
The exchange has many active traders for whom it is relevant. The attitude of clients towards the digital currency was clear even at the stage of the initial sale, when coins worth 1 billion USDT were sold without any special advertising.
What is your sentiment on BTC/USD?
9. Algorand
Algorand is a cryptocurrency that uses modern cryptographic methods to emulate the consensus in a blockchain without the use of extraction incentives. The project was developed by a Turing award winner and provides several fundamental improvements in blockchain architecture, allowing the crypto to work globally and in highly competitive network environments.
Although the project does not have a clear roadmap, the developers' goals and objectives are quite explicit. The technical part is described in detail and intelligible, so the project is trusted by users. Algorand has a strong team and the idea itself looks promising, making it one of the most reliable coins of this year.
8. Fetch
Fetch is a decentralised digital system aimed at carrying out useful economic activities. It uses autonomous agents — digital objects that are able to make transactions on their own, without any human intervention. One of the features of the cryptographic currency is the separation of operating costs, which are used in the system operation. Ethereum works roughly the same way.
The rise of Fetch.AI largely resembles that of BTT, which managed to expand to almost 10x its ICO value within just a day of listing on Binance.
7. Basic Attention Token
Basic Attention Token is a cryptocurrency designed to increase the effectiveness of online advertising. The coin serves for exchange operations between users, advertisers and content publishers. Among other things, it offers its open-source browser Brave, which helps to make the advertising field more transparent.
The future perspectives are also evident in the planned functionality extension, which will allow the platform to become more convenient and confidential.
6. Maker
Maker is a platform designed to organise the ability to bind digital assets to real values (gold, etc.). Among the prospects that attract attention to Maker is the issue of coins tied to fiat money.
So far, the platform has only created a Dai stablecoin token tied to the US dollar. However, it is planned to introduce similar coins for yuan, yen, euro and other fiat currencies.
5. Ontology
Ontology is a platform that makes it easy to configure public blockchain systems to work properly with apps. ONT now has a capitalisation of $374 million.
The currency is backed by a team of talented engineers and is well-financed. Founded by a Chinese company, ONT is supported by many other financial groups. As soon as the Chinese officials limit their control over crypto projects, this altcoin will be the first to get profits.
4. Perlin
Perlin is a platform that allows you to buy and sell computing power by paying in tokens. In economic terms, it should be much more profitable than similar services from Google or Microsoft.
In June 2019, mine-net was launched. Many consider the project to be top-notch in every aspect — technology, team, economy. In the near future, updates are expected to improve the security and performance of the network, as well as the launch of the trading platform to sell and buy computing power.
3. WINk
WINk cryptocurrency is based on the TRON blockchain and allows a user to utilise the functionality of a gaming platform with many online games. The platform also supports interaction with stablecoins and is targeted at both users who want to play in a fully decentralised and anonymous environment and game developers.
During this month, a working version of the platform is expected to be launched with the support of stablecoins. Also, partnering will be established with some other wallets and decentralised apps.
2. Libra
Libra is a stablecoin from Facebook announced in 2019. Facebook is implementing a bold enough strategy to expand the blockchain market. If it succeeds, Zuckerberg's authority as a tech evangelist will fly even higher than now.
Whether Libra adheres to the basic principles of cryptos is an open question. However, a company like Facebook will definitely benefit from developing the project as the main provider of wallet support. While yet being launched, most experts tend to believe that Libra has a chance to win the global financial services market.
Though you can not invest in it at the moment, we thought it deserves a spot in our list as the one project that has all the potential to become the best cryptocurrency to invest in 2020.
1. Bitcoin
This one is probably not surprising at all. Frankly, any crypto market overview would be incomplete without the iconic BTC. Bitcoin still has the highest liquidity and therefore is strongly recommended for beginners as one of the top crypto coins to invest in. No problems with selling or buying are expected, for there is always someone on the other side to be seduced by your offer.
After a decade of some ups and downs, Bitcoin finally secured its price in 2019. It’s the best choice for those investors who want to play safe and hope for a humble, long-term return on their investments.
The bottom line
The desire to look into the future and find out which rising cryptocurrencies will take off further or at least will not disappear is quite natural for the traders. Investing in digital coins is a highly profitable opportunity, but remember that one has to be able to follow market trends and understand how to buy or sell on time.
What do you think? What is the best cryptocurrency to invest at the beginning of 2020?
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