5 of the fastest growing cryptocurrencies for 2019 and 2020
Interest in crypto has been steadily rising since 2015, and mining is as promising an investment as its ever been for savvy and diversifying technophiles.
But with so many options on the market, it can be tough to decide which cryptocurrencies you should focus on — the largest? The most popular? The fastest growing? With new coins joining the market each year, deciding which one (or few) to focus on is an important decision. You want to make sure you’re allocating your resources in a way that will generate the greatest ROI.
Here are five of the most popular and fastest growing cryptocurrencies for 2019 and 2020 to help guide your investing decisions.
ZCash is a promising cryptocurrency that offers high privacy and selective transparency of transactions, which many users prefer. Like many cryptocurrencies, the price of ZCash was hit hard in 2018, but it remained one of the 30 biggest cryptocurrencies in terms of market capitalization and slowly regained value. This cryptocurrency may reveal its true potential in 2020 as an industry game-changer.
Monero joined the market in 2014 before hitting an uptrend in 2017, and it is still continuing to grow. It’s an open source cryptocurrency that is secure, private, and untraceable, which makes it very attractive to users. It ascended to the 12th-largest cryptocurrency in the world based on its market capitalization as of 2019, and its strong focus on decentralization and scalability make it quite profitable for mining.
Despite some uncertainty surrounding Ethereum lately, it remains a promising cryptocurrency (and the second-largest after Bitcoin). Ethereum is still very profitable with fast transaction times, and despite scaling issues and a drop in its value it is expected by investors to bounce back and continue growing. Most predictions state that its value will slowly increase to around $500 by the end of 2019.
Since the first Bitcoin block was mined back in 2009, it has remained the most popular cryptocurrency. Investors have been supporting its growth for years, and major companies such as Microsoft are even starting to accept Bitcoin. Its status as a high-value (significantly more than other cryptocurrencies), high-growth, and relatively low-risk cryptocurrency keeps it high on our list.
Litecoin is currently the fastest growing cryptocurrency, and some experts believe it will exceed its past record highs. It was among the first cryptocurrencies to emerge after Bitcoin and is currently the sixth-largest digital asset. Litecoin operates similarly to Bitcoin, but it has a faster transaction processing rate, less complicated algorithms, and a larger supply of currency.
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