The subject of which cryptocurrencies to invest in has always been a hot discourse. Moreover, the abundance of digital currencies in the market makes it much more difficult for investors, especially beginners, to know which digital currencies are worth investing in.
10CFDs has come up with a list of the best cryptocurrencies to invest as the second quarter of 2020 proceeds. The top cryptocurrencies are chosen based on their price performance, analysts’ predictions, and the latest developments backing the cryptocurrencies.
Best cryptocurrencies to invest in April
“The cryptocurrencies market also witnessed its fair share of the impact of the coronavirus pandemic on the global economy. The outbreak led to the fall of Bitcoin (BTC) by 58 percent from $10,500 to $4,679 and which also increased the rate of BTC investment.” Says 10CFDs.
Interestingly, the market is recovering gradually, and BTC is currently trading at $6,922 as at the time of writing this piece. Below are the best digital coins put forward by 10CFDs to invest in April 2020:
1. Bitcoin (BTC)
BTC remains the number one digital coin to invest in. The digital asset retains its popularity and profitability among several others. This digital asset is expected to gain more in value with time as the global market recovers and people get over the coronavirus pandemic.
2. Ethereum (ETH)
Ethereum is another profitable digital coin that has maintained its profitability and popularity over the years. Though ETH also experienced a fall in price alongside other cryptocurrencies, it is gradually bouncing back.
3. Ripple (XRP)
XRP is another popular investment option that serves as a reliable payment method, unlike most digital currencies that target individuals.
4. Tron (TRX)
Since its creation in 2017, TRX has continued to appreciate astronomically. The digital coin will continue to increase in value with regards to its appreciation history.
5. Bitcoin Cash (BCH)
This is a Bitcoin fork that has since justified its creation in 2017. BCH is a coin to invest at the start of the second quarter.