The industry of digital currencies is evolving at a rapid speed. The year 2021 can be bright for Bitcoins and other Cryptocurrencies because the popularity of virtual currencies is rising. Besides, there are some top-performing Cryptocurrencies that showed the greatest market cap value in 2020.
So, if you are preparing yourself to invest in digital currencies, there are many options available for you. You can decide to invest in Litecoin, Ethereum, Neo, Tether, etc.
2020 was really a crazy year for the Bitcoin industry and other sectors. If you consider the return graphs of the last ten years, you will find that Cryptocurrencies have been among the leading yielding investment products. Thus, the market of this industry will surprise you with high returns on investment (ROI).
Top Performing Cryptocurrencies Of 2020
If you are a regular candidate to invest in stocks and other mutual funds, then hold on! I have greater news for you. According to the trade bitcoin today, the value of Bitcoin can grow up to $1 trillion within ten years. So, this means you can gain a high return on investment with good industry experience.
Now, let’s discuss the top-performing Cryptocurrencies of 2020 that will touch a topmost level in 2021.
1. Bitcoin ($426 Billion)
Bitcoin remains to be the oldest Cryptocurrency and also one of the top-performing virtual currency out of all. The value of this digital has raised more than three times in 2020 and hits a record above $23,000.
Moreover, other marketing firms have already started to invest in this valuable asset, and more often, Bitcoin is referred to as Digital Gold. It is because the price trend of this asset is growing and will continue to increase in the future.
2. Ethereum ($73 Billion)
Another top-performing Cryptocurrency in 2020 is Ethereum. After Bitcoin, Ethereum is the most powerful one. Recently, a new version of Ethereum has been introduced, and this is known as Ethereum 2.0. This virtual currency has features such as improved network scalability, work process, efficiency, speed, etc.
Moreover, Ethereum was the first Cryptocurrency to introduce the features of smart contracts, and now it has been modified to proof of stake.
3. Litecoin ($7 Billion)
Even Litecoin is a top-performing digital currency of 2020. This internet currency has a good market value, but not as high as Bitcoin and Ethereum. The features of Litecoin have been improved for the past few years, and still, the developers of this digital currency are working on it.
On the other hand, Litecoin was created for a purpose: it can be used as a faster Bitcoin alternative. The value of Litecoin has risen from around $40 at the beginning of 2020.
4. Tether ($19 Billion)
The operator of Bitfinex owns this digital currency, ‘Tether’ that tries to mirror the US dollar on a 1:1 basis. It had a flat return in 2020.
According to marketing experts, Tether was a good investment strategy in 2020, and it is still at present. It is because this digital currency is offering a good return in the last 3 to 5 years and hence, known as a strong long-term investment.
5. Ripple ($26 Billion)
It is worth trading in Ripple because of its currency value and low denomination. Ripple is also a coin that is on the lower side at the moment, and it is a smart choice to invest in this valuable asset.
The return of Ripple in 2020 was nearly 3.33 times, according to the reports. Besides, this asset’s maximum target is nearly equal to $0.79, and the minimum is $0.53.
The Final Thoughts
The above-listed virtual currencies were the top-performing Cryptocurrencies of 2020, and still, these currencies are growing at a rapid speed. At the same time, the market capitalization value is also increasing.
2021 will be really an interesting year for Bitcoin and other Cryptocurrencies. Moreover, experts have already stated that Cryptocurrencies will create a great impact on the traditional financial system.
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