Find The Best Cryptocurrencies To Trade - Cryptocurrency Trading

Last Updated August 29th 2020
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Which Cryptocurrency To Trade? Find The Top 9 Most Valuable Cryptocurrencies To Trade.

Not sure what the best cryptocurrencies to trade are? Then this article is just for you! Have a look at the top 9 valuable cryptocurrencies to trade and learn more about crypto trading.

But first, let’s answer another question that might be keeping you awake at night… Why should I start trading cryptocurrency in the first place? Well, there are many pros of crypto trading!

Cryptocurrency trading is an attractive investment option that can potentially bring high returns. Though cryptocurrencies can be highly volatile, the rise of blockchain technology in 2020 makes experts believe that cryptocurrency trading volumes and activities will continue to increase.

The world of cryptocurrency trading is marked by high liquidity as well, which is another factor that attracts people from all over the globe. Cryptocurrency trading also gives investors certain independence as there’s no need to rely on banks or other financial institutions.

Last but not least, experts value the importance of portfolio diversification and encourage cryptocurrency trading. While there are some notorious scams and negative attitudes towards cryptos, crypto trading is an investment niche worth exploring.

If you want to trade some of the top cryptocurrencies quickly and easily check out eToro Exchange!

What Are The Best Cryptocurrencies To Trade?

It’s not a secret that the world of digital currencies has transformed the financial industry. Interestingly enough, according to CoinMarketCap, now there are more than 5,000 cryptocurrencies out there.

Cryptocurrencies, seen as an alternative to national currencies in times of uncertainties, may help societies resolve financial crises. Let’s forget that the impact of the ongoing pandemic may linger long after 2020.

Thus, we present the top 9 best cryptocurrencies to trade, so you can go through them.

Top 9 Most Valuable Cryptocurrencies To Trade

To help investors decide what crypto to trade, we discuss 9 major cryptocurrencies coins and their prospects below:

1. Monero (XMR)

monero, best cryptocurreincies to trade

Let’s start with Monero, one of the most interesting altcoins to trade in 2020, often referred to as the only true privacy coin.

Monero focuses mainly on decentralisation and privacy. Unlike Dash transactions, Monero transitions cannot be made public. The history of the coins is not known either.

Because of its potential and unique structure, Monero attracts numerous traders across the globe.

Are You Interested in Trading Crypto?

2. Ripple (XRP)

ripple, best cryptocurreincies to trade

Ripple is one of the oldest cryptocurrency projects, with Ripple’s XRP token being one of the largest coins by market cap. Ripple’s on-demand liquidity allows XRP to be sent directly and fast in order to exchange two different global currencies. 

Here we should note that Ripple was designed initially to facilitate bank transactions at low costs, so its leading adopters are mainly large financial institutions that move money around the globe. 

On top of that, peer-to-peer transactions are also possible. In fact, the token’s low price attracts investors with small accounts.

Are You Interested in Trading Ripple?

3. Stellar 

stellar, best cryptocurreincies to trade

Stellar is one of the most promising cryptocurrency investment options in 2020, according to CoinMarketCap.

Note that Stellar’s native crypto is Lumen (XLM). Lumens aren’t mined as the system doesn’t use proof-of-work. Instead, 100 billion XLM were issued when the platform was launched.

Unlike Ripple, Stellar focuses on individual clients and their needs. The platform facilitates transactions across borders and connects payment systems and crypto traders. 

4. Bitcoin (BTC)

bitcoin, best cryptocurreincies to trade

Perhaps you are not surprised to see Bitcoin on our list. More than a decade since it was launched, Bitcoin is still one of the most influential cryptocurrencies across the globe. No surprise Bitcoin is known as the king of cryptocurrencies.

Bitcoin is marked by high liquidity, so trading Bitcoin is a great option even for beginners. On top of that, as bitcoins are capped, they are highly tempting. 

Note that only 21 million bitcoins can ever exist. There are more than 18,466,006.25 BTC already mined, and more than 900 BTC being mined per day. Though these numbers change every 10 minutes when new blocks are added, it’s expected that the last bitcoin will be mined around 2140. 

Despite the ongoing pandemic, according to top experts, investing in Bitcoin is one of the best cryptocurrency trading options.

Are You Interested in Trading Bitcoin?

5. Ethereum (ETH)

ethereum, best cryptocurreincies to trade

Ethereum is the second-largest blockchain platform by market cap after Bitcoin, which makes it one of the top list cryptocurrencies to trade. Unlike Bitcoin, there’s no upper limit supply on Ethereum’s ether, which attracts numerous investors across the globe.

Ethereum has numerous applications beyond crypto trading. Ethereum supports smart contracts and allows developers to create decentralised apps, which can support commodities trading, businesses, voting, and interoperability.

We should note that in 2016, Ethereum was divided into Ethereum (ETH coin) and Ethereum Classic (ETC coin). 

One of the most important and anticipated events is the launch of Ethereum 2.0, which will focus on staking instead of mining. This can ensure higher levels of transparency and safety and can attract more crypto traders to invest in Ethereum in 2020.

Are You Interested in Trading Ethereum?

6. EOS

eos, best cryptocurreincies to trade

EOS is another valuable cryptocurrency to trade. Note that EOS is powered by the EOS.IO blockchain protocol, which similarly to Ethereum allows users to create smart contracts and decentralised applications. In fact, EOS.IO was initially created to solve the speed and scalability issues in Ethereum and Bitcoin. 

Because of its innovative technology, in 2017, the EOS initial coin offering reached a new record in the world of cryptocurrency and raised more than $4 billion. Now EOS keeps attracting numerous traders from all over the globe.

Are You Interested in Trading EOS?

7. Litecoin (LTC)

litecoin, best cryptocurreincies to trade

Despite all the virtual currencies and crypto projects out there Litecoin, remains a safe crypto trade, one of the top 20 largest cryptocurrencies by market cap

Note that Litecoin is one of the first altcoins or alternatives to Bitcoin; the platform was created in 2011. Interestingly enough, Litecoin has a supply limit of 84 million coins or four times more than Bitcoin.

Litecoin also has high liquidity rates. Hence, experts believe that this cryptocurrency won’t lose its trading value over the next few years.

Are You Interested in Trading Litecoin?

8. Binance (BNB)

binance coin, best cryptocurreincies to trade

Binance coin is another cryptocurrency marked by high liquidity, so traders should consider it in this cryptocurrency coin. 

In fact, trading Binance is a great way to diversify your portfolio, especially if you already have experience with other cryptos such as Bitcoin or Ethereum.

Let’s not forget that Binance is one of the most trusted crypto-to-crypto exchanges across the world, with transactions being done using Binance coins. No surprise Binance is one of the most traded and fastest-growing cryptos!

Are You Interested in Trading Binance?

9. Basic Attention Token (BAT)

basic attention token, best cryptocurreincies to trade

Though there are various cryptocurrencies to explode, let’s talk about BAT.

BAT is an ERC-20 token supported by the Brave Browser; its main aim is to solve the problem of online advertising and online content creation.

It’s not a secret that some mobile ads can lead to poor user experience and battery loss. As a result, many users often turn to ad blocking, which is a huge obstacle to businesses. To resolve such issues, BAT can be used to reward users who watch ads and tip online creators.

Because of its potential, BAT has become an attractive investment option for young traders across the world.

Are You Interested in Trading BAT?

Five Alternative Cryptocurrencies to Trade

1. ChainLink

ChainLink is an innovative platform that aims to bridge the gap between blockchain technology and the real world, including pharmaceutical research, farming, and so on and on. LINK is the crypto native to the ChainLink platform.

2. VeChain 

VeCHain on the other hand, has strong community support despite its ups and downs. One of the most attractive aspects is that this platform ensures transparency of economic data and supply chains. As a result, big companies like Mastercard often work in partnership with VeChain. Note that the platform offers two tokens: VeChain Token (VET) and VeChainThor Energy (VTHO).

3. Cardano

Cardano is another cryptocurrency worth investing in 2020. Launched in 2017, this blockchain platform and its crypto ADA gained high popularity. Just like Ethereum, the platform enables apps and smart contracts.

4. NEO

In today’s crypto trading world pushing for new cryptocurrencies and investment options, NEO has also become a good crypto coin. Often referred to as China’s Ethereum, the platform uses proof of stake and allows users to develop apps and contracts on the blockchain.

5. Tether

Last but not least, let’s talk about Tether (USDT) - one of the most interesting stablecoins. One Tether coin is nearly equal to one US dollar. Note that stablecoins are designed not to be volatile. The main reason Tether was created was to help big companies speed up transactions and move money around the globe. After all, though the US dollar is a leading fiat currency, US exchanges may involve a lot of time and regulatory complications. 

 

Why Should I Start Trading Cryptocurrency?

The decentralised nature of the world of cryptocurrency attracts many traders. As explained earlier, crypto trading can offer big returns and is a great way to diversify one’s portfolio. 

On top of that, the use of cryptocurrencies eliminates administrative inconveniencies, high fees, and slow processing times - issues associated with traditional banking and fiat currencies. In other words, cryptocurrencies bypass the middleman and give traders certain independence. 

While there is a wide variety of cryptocurrencies to trade, crypto traders should explore the potential of each coin for making short- and long-term returns. Note that the current rate of a cryptocurrency is not the only indicator to consider. Simply because these indexes are highly volatile!

Therefore, crypto traders should assess different factors, such as market capitalisation and liquidity. Here we should mention that high market capitalisation means a high amount of coins in circulation. When it comes to liquidity, top coins like Ethereum and Bitcoin have some of the highest liquidity rates, which also show actual demand.

To trade cryptocurrency, one has to be aware of all the political and economic changes in 2020. Learn more about how to become a successful trader here.

Last but not least, crypto traders should invest enough time and resources in trading education, successful trading strategies, and emotional self-control. 

Key Points

  • Cryptocurrency trading is increasing in popularity because it offers high liquidity and independence from traditional banking.
  • Bitcoin, the king of cryptocurrencies, is the first virtual coin to offer an alternative to traditional banking and money transfers.
  • Other major cryptos to trade include: Ethereum, Monero, Stellar, EOS, Binance, BAT, Litecoin, and Ripple.
  • Any crypto trader should also consider diversifying their portfolio and choosing alternative virtual coins, such as NEO, Tether, and Cardano.
  • Note that blockchain technology has numerous applications beyond trading. Blockchain-based platforms enable the use of smart contracts and decentralised apps to facility asset ownership and transparency.
  • While there are different cryptocurrencies to choose from, crypto trading requires a lot of knowledge and practice to create a successful trading strategy.
  • Do your research before you start investing. Always consider risks and analyse factors, such as price indexes, market cap, and liquidity.
  • Last but not least, keep track of the market news and global trade to gain a broad understanding of the world of finance.

Now you know how to find the top cryptos to trade. If you're feeling inspired to start cryptocurrency trading, or this article has provided some extra helps to your existing trading knowledge, you may be pleased to know that etoro provides the ability to trade with Crypto assets and CFDs on up to 90+ cryptocurrencies. Crypto Traders can build a diversified portfolio with the most popular coins.

Are you ready to start trading cryptocurrency? Which of the top nine cryptocurrencies trading coins will you choose to trade? Will you consider alternative cryptos trading? Let us know in the comments below.

Disclaimer: Cryptocurrencies are highly volatile. Your capital is at risk and Past performance is not an indication of future results.

Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 62% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.

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