Most of us know what crypto currencies are and for few of us who does not know, I’m going to define crypto currency.
A cryptocurrency (or crypto currency) is a digital asset designed to work as a medium of exchange wherein individual coin ownership records are stored in a ledger existing in a form of computerized database using strong cryptography to secure transaction records, to control the creation of additional coins, and to verify the transfer of coin ownership.
It typically does not exist in physical form (like paper money) and is typically not issued by a central authority.
How do cryptocurrencies work? Cryptocurrencies use decentralized technology to let users make secure payments and store money without the need to use their name or go through a bank. They run on a distributed public ledger called blockchain, which is a record of all transactions updated and held by currency holders.
Since the beginning of these corona pandemic, the value of crypto currencies has increased due to the large number of demand as most people now use crypto currency to pay for goods and services online.
Currently people around the world has resorted to crypto Currency to store their Money, because the way governments handle fiat currencies their value keeps going down and the more people store their money in Crypto the Value keeps going Up. Below are the top 6 crypto currencies you should invest in, either you buy them and store or you earn them and store:
1. Bitcoin:- The Price of bitcoin at the beginning of 2020 was $9k-$10k ,but currently it’s heading towards $12k and prediction has it that the price of bitcoin will hit $500k in the next 5 years.
2. Etherum:- The Price of etherum at the beginning of 2020 was $236, but currently the price is doubled and is between $395-$401, and prediction has it that etherum has a high probability of hitting $700- $1000 by ending of 2020.
3. Bitcoin cash:- This coin might not be very popular, but it doesn’t stop the value from rising everyday.
The price if bitcoin cash at the beginning of 2020 was between $226-$233, but currently the price of bitcoin cash is fluctuating between $295-$310, and prediction has it that this coin will hit $1200 in the nearest future.
4. Zcash:- Zcash also known as ZEC is also a very good coin to invest in. It has its price at $56 at the beginning of 2020 but currently it’s price is at $97, and the price is predicted to reach $126 by the end of 2020
5. Dash:- Dash coin popularly known as dash has its price at $69 at January, 2020 , but currently it’s price is now $88.
6. Neon: Neon coin popularly known as NEO is referred to as Chinese etherum because it shares similar characteristics with etherum and is said to be better than etherum. The price of neon coin is currently $12 and it is predicted to reach $200 by the end of 2020.
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