Cryptocurrency the digital asset is the most sought after form of payment form that most of the companies and corporations are adapting and blending it with their payment system. Cryptocurrency is a peer to peer based medium of exchange that is not controlled by any single government and does not abide by any rules and regulation which is certainly the case for fiat or paper currency. These are the type of digital asset that are decentralized and is not issued by any single government or Central Bank. Cryptocurrency operates on the technology which is called blockchain. It is the technology which operates on network of computers. The networks of computers are completely independent and operate as an individual entity and are free from any centralized control. Each of the computer on the network keep records of each of the transaction that have been done in the past and at the same time also keeps track of transaction that will be done in the future.
Cryptocurrency is becoming the most preferred mode of payment and is it is growing in popularity as the technology is evolving from being at a developmental stage to a more matured phase. The technology is reliable, can be trusted and cannot be manipulated at will. Another major advantage of the digital asset is that it does not fall under any single authority that makes it an attractive investment instruments for many investors who want to invest in these digital currency. Below is the list of Cryptocurrency that it will be profitable in this New Year.
Bitcoin (BTC) : Bitcoin is the most popular Cryptocurrency among all the available crypto’s that exist in the market. It is also one of the oldest and it also has the largest market share, and no other currency has yet able to challenge its dominance. Bitcoin is the best and the most secure Cryptocurrency investment investors can make. 2020 year is a special year for Bitcoin as this year Bitcoin Halving will take place which takes place every 4 years. It is expected that is due to this events the price of BTC will increase to 10x then current price. Last time this event took place was in the year four years back and the first occurred in the year 2012. One year after the first halvening the Bitcoin price surged form a mere $11 to a high of $1,100. After four years the price went from $700 to over $20,000. So keep your fingers crossed and start investing in the currency as according to analyst the price can rise can go up to as much as $10,000 per BTC.
Image Source: investinghaven.com
Ethereum (ETH): This is the second largest crypto in the world after BTC and was developed by Vitalik Buterin in 2014. The name of the currency is Ether and the platform on which is traded is Ethereum. Ether in the year 2015 was traded for a price of $0.40. The digital asset reached a record high price of $1,400 in 2018. Today if prices were to be compared Ether has seen a rise of more than a 1000% since its inception price. The currency also operates the same way BTC does and it is worth a while to try in this Cryptocurrency.
Image Source: old.trybe.one
EOS: EOS is an open source blockchain platform which is designed in such a way that it can process millions of transactions which makes it faster than its major rival Bitcoin and Ethereum. The major advantage of using this platform is that it charges zero transaction fees and can send money for free. Currently EOS is trading around $2.43 and it has ranked no in 1 China in a recent report that evaluates the top Cryptocurrency in the world.
Source: Atomic Wallet
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