TOP 20 promising cryptocurrencies and why it is so

The fastest way to make money is to buy a highly quoted cryptocurrency, other investment products are not so profitable. Since 2017, the value of cryptocoins has been growing rapidly, Bitcoin, Ethereum, Litecoin, Tron, Enjin Coin, Ardor and others are confidently located in the group of the most profitable currencies.

Nicexchanger will help you choose the cryptocurrency for maximum profit. 

Methods for buying and selling cryptocurrency

Virtual coins are bought and sold on exchanges. Currently, there are several top platforms for working with cryptocurrency - Eksmo (purchases for rubles, euros, dollars, zlotys, hryvnias and lira), Binance (purchases of the most popular electronic currencies), Bitmex and Localbitcoins.

The exchange, sale and purchase of coins is carried out using our crypto exchange - Nicexchanger.

It is important not only to choose a platform for buying currency, but also the cryptocurrency itself. Here you need to pay attention to liquidity, exchange rate stability, growth prospects and developer reputation. Tracking the rate of the selected currencies during the month will allow you to see the fluctuations in the quotation and show whether it is worth investing material resources in these coins.

Bitcoin

Bitcoin (BTC) is the most talked about currency. To analyze and predict the bitcoin rate, investors consult with analysts, collect data on quotes on forums where investors and miners communicate, and study websites of large financial corporations informing about the benefits of investing in Bitcoin .

The prospect of a currency is associated with several factors, among them:

• demand for currency;
• the ability to purchase on any exchange and online platform;
• reliability, confirmed by investor contributions and the appearance of futures on the Chicago Stock Exchange;
• title of the main currency, the foundation of the crypto market.

As of the beginning of this year, the price of one bitcoin is about 7250 USD. Experts are confident that Bitcoin is not afraid of fluctuations, the currency will remain in demand and stable.

How to make money with Bitcoin?

You can buy the first coins on the exchange and try your luck with the help of exchange trading on the bitcoin / USD pair. Mining bitcoin on your own personal computer will also generate income.

It is possible to buy a coin on one exchange and sell it on another, with more favorable conditions and rates.

You can also get bitcoin through online exchange platforms, as well as in a rather non-standard way - using bitcoin faucets and online gambling.

If you have chosen to earn money on bitcoin through exchange trading, install the MetaTrader 4 terminal or another similar program on your computer. Training on a demo account will allow you to understand the peculiarities of making money on the Internet, and, using the advice of experts, you can check trading strategies and understand trend indicators.

BTC trading algorithm on the exchange

1. We choose a trusted company (forums and thematic sites will help here).
2. We select a currency pair, for example, ВТС / USD.
3. We study the market.
4. We study the forecasts of experts.

Making money on the virtual money exchange implies constant monitoring of charts, anticipating rate fluctuations, while it would be reasonable to diversify risks by creating several accounts at different sites.

Ethereum

Ethereum (ЕТН) is the second currency after BTC in terms of capitalization. The platform is a decentralized system with unique technology on which smart contracts are concluded. The system is reliable, scalable, secure and confidential.

The development of the project began in 2017, and the transition to Ethereum 2.0 is currently being prepared.

Last year, the creator of ETH V. Buterin noted that sharding is being introduced into the blockchain; to implement the idea, another hard fork was carried out in December 2019. 

There is no need to confirm the popularity and demand for ETH: 90% of projects conduct ICOs on the Ethereum platform. As of the beginning of this year, the cryptocurrency rate is about 133 USD per coin.

Periodic fluctuations in the exchange rate are not a cause for concern, according to analysts, by 2023 one ETH can be bought for 184 USD. Of course, a slight increase in the exchange rate will not bring much income, but in the event of possible global changes in the political situation, the forecast may change dramatically.

Application of long-term and short-term strategies to make money on Ethereum and other currencies

Long-term investment in cryptocurrency is usually profitable, especially if one coin is purchased for less than 1 USD or Euro. Electronic money is considered a high-risk asset; its quotes can fall sharply and almost for no reason without ever increasing.

Newbies tend to prefer intraday trading, while experienced users resort to long-term strategies. There are different trading strategies, we will mention only the main ones:

1. Scalping is a strategy, the purpose of which is to catch the minimum market movement, quickly remove the “scalp” and immediately exit the position, the scalper takes only the first price jump. There are increased risks here, but there is an opportunity to earn a decent amount. The main thing in scalping is to make money on a large number of transactions, and not on the amount of income from each individual transaction.
2. Level breakout strategy is a trading style in which a trade is entered at the moment the price goes beyond the boundaries of the usual corridor. Currency volatility is taken into account here. Not all breakouts will turn out to be true, but if you manage to get into a real breakdown, the profit is guaranteed.
3. Trend strategy (the contract remains open for 2-3 to 30 days or more) - the essence of the strategy is to generate income when trading in the direction of the existing trend. In this case, it is very important to be able to work with technical indicators and understand the mechanisms of influence on the crypto market by economic and political events.

Litecoin

Litecoin (LTC) is a fork of BTC, its improved analogue. LTC stands out for its low fees and scalability. A promising and long-term Litecoin is in demand, you can buy it at almost any exchange office. There are a lot of payment terminals accepting coins. 

We list the reasons for the popularity and prospects of this cryptocurrency:

• large platforms work with LTC (Corbit, ZebPley);
• financial organizations carry out transactions in lightcoins;
• low fees are charged for transfers and the transfers themselves are carried out in a short time;
• the exchange rate is stable and has positive forecasts.

At the beginning of this year, litecoin quotes are within 42 USD per token. The forecasts of the LTC rate confirm its perspective and relevance. By 2023, the maximum price of a coin could be 132 USD.

Affiliate programs and freelancing as ways to earn LTC

A good way to earn lightcoins is to participate in affiliate programs: physical partners are invited to the books and exchanges, they are given links and unique content to be posted on their personal website or in social networks from their account. For each user who follows the link, the partner receives a reward in litecoins, and an additional bonus is also issued for registering on the exchange. Payment terms are negotiated with the employer.

The more people are interested in the project, the more LTC the partner will receive, on average, you can get from 10 tokens per month. If the partner will competently place links, hold Youtube conferences and promote the exchange, he will be able to earn much more cryptocurrency and then use it in trading. But more often partners simply pay with the money earned for goods or services on the network.

Freelancing for litecoins is popular, when completed orders are paid for with coins. This way of earning can be the main source of profit. To avoid possible misunderstandings, you should discuss the issue of payments with the customer before starting work.

Tron

The multifunctional system of interaction with clients Tron (TRX) became a discovery for investors. This is a unique cryptocurrency with a decentralized platform, the main advantage of which is the ability to integrate other electronic money to conduct your own transactions within the network. Tron issues tokens, the rate of which is constantly growing. At the beginning of this year, TRX quotes amounted to USD 0.013 per token.

Among the advantages of TRX are the following:

• high level of confidentiality;
• independence from other cryptocoins;
• the possibility of an individual approach to ICO.

The purchase of this digital asset is safe, the more often transactions are carried out, the faster the Trons rate will grow. Analysts are convinced that over time the quotes will increase and the price may rise to 0.032-0.044 USD per coin.

Enjin Coin

ENJ is a cryptocurrency targeting the gaming industry. The main goal of the project is to develop an e-commerce system based on the Ethereum blockchain: goods and services are paid for on the Internet using the Enjin Coin currency .

With the ENJ mobile wallet, you can work with other virtual currencies. The popularity of the currency is growing, including due to its use by gamers: after the transfer of games to the blockchain, players can not worry about their personal savings, and attacks by hackers and fraudsters will become ineffective.

At the beginning of this year, the ENJ rate is 0.08 USD per token, which confirms Engin Coins forecast of a gradual growth of the currency. By 2024, it is expected to grow to 0.35-0.6 USD per token.

Ardor

The Ardor cryptocurrency operates using the BAAS business model. Large companies invest material resources in ARDR. BAAS is a complex technology, not every company can overcome the barrier to enter the site.

Prospective cryptocurrency ARDR be able to serve millions of businesses located anywhere in the world, and for the near future is planned to strengthen the market position. Now there are almost 1 million coins in circulation, at the beginning of this year the Ardor rate is 0.038 USD per token, the market capitalization is about 38.5 million USD.  

If Ardor further proves itself as a truly viable platform for developing successful and profitable business projects, it will become a truly promising investment.

Cosmos

Space is a system that connects different virtual coins. To solve the compatibility problem, the Inter-Blockchain Communication (IBC) protocol was introduced in 2019. Cosmos issues its own currency, which is called ATOM for short. At the beginning of this year, the Kosmos cryptocurrency rate is about USD 4.3 per token, the market capitalization is about USD 816 million. 

The advantages of this virtual currency: compatibility, convenience, high scalability, hundreds of thousands of financial transactions are carried out per second without failures and glitches, the applications are simple and understandable at an intuitive level.  

The disadvantages are insufficient capitalization and little-knownness in the business world compared to other coins.

Maker

Maker appeared on the market relatively recently. The MKR decentralized autonomous platform operates with two types of tokens, the first acts as a coin and the second acts as a stable digital currency.

Maker is a producer token that acts as an internal currency on the official Ethereum platform. At the beginning of this year, the Maker rate is about 437 USD per token, capitalization is about 324 million USD. 

Makers good indicators indicate that the course is decent and the profitability of the cryptocurrency is obvious, the contribution to the coins can bring a decent profit.

Ravencoin

Cryptocurrency Ravencoin - new blokcheyn to simplify the transfer of assets between the owners. The system is open and decentralized.

From the perspectives of this currency, the following can be noted:

• it is planned to introduce messaging between holders of tokens that have passed authorization on the platform;
• the function of voting by distributing and creating coins will be available;
• improved compatibility will allow you to bring the currency to more exchanges;
• the release of a wallet for gadgets with a seed phase and other parameters will make RVN a more popular and demanded currency.

Features of the Ravencoin cryptocurrency: it takes a minimum of time to create a block (no more than a minute), a block usually takes 1 megabyte, there is a possibility of automatic scaling. Financial transactions are completely hidden from outsiders, network participants can track the movement of their funds.

At the beginning of this year, the RVN rate is about USD 0.023, capitalization is about USD 120 million .  

Beam

The up-and-coming currency Beam is a next-generation project aimed at providing society with financial independence through a confidential exchange system based on a reliable protocol.

Beam developers are convinced that the platform is gaining momentum and will be in demand in the future. Cryptocurrency prospects: scalability, energy efficiency, flexibility, ease of use, decentralization, support for online and offline transactions. 

In the near future, it is planned to change the PoW algorithm in the Beam network on a quarterly basis in order to ensure decentralization and protection against ASIC attacks.

As of the beginning of this year, the Beam rate is about USD 0.52, capitalization is at the level of USD 27 million. 

Waves

The Waves platform is designed to create decentralized software. An ordinary participant is given the opportunity to create personal digital assets and exchange currencies based on secure transactions. Currency can be a useful investment vehicle.

Strengths of Waves cryptocurrency: clear and convenient e-wallet interface, its own coin exchange service with low fees, wide platform functionality, plugins for Google Chrome are supported, an original scheme for obtaining tokens.

Currency prospects: a new programming language will allow to connect a java library; the user interface will be updated; connection of protocols will occur. The developers are also planning to connect functionality to support other coins on the Waves platform.

The exchange rate at the beginning of this year is about USD 0.94, capitalization is USD 94 million.

Monero

Cryptocurrency Monero was released in 2014, is completely decentralized , high demand due to the increased privacy of transactions is the most sensitive currency.

Pluses of Monero: high level of security, trust from customers, limited emission, use of the POW algorithm. It is a coin with a great future and is suitable for investing users. To store a coin, you will need to use a wallet on the selected exchange.

Among the downsides is a fairly large transaction volume and the complexity of mining.

At the beginning of this year, the Monero rate is USD 50.2, capitalization is about USD 872 million.

Stellar

Real-time currency trading platform - Stellar (an offshoot of the Ripple project). Analysts are convinced that by the end of this year the price of the token will be 30 USD. The platform is supported by the independent Stellar Development Foundation , it openly informs what it does and what income it receives. In the system, all holders have equal rights and privileges.

The protocol ensures uninterrupted exchange of information between token holders; data synchronization takes several seconds.

The main advantages are open source code and equal user rights.

At the beginning of this year, the exchange rate is USD 0.045 per coin, the market capitalization is about USD 900 million.

IOTA

IOTA is an open source virtual currency. A unique platform with good protection and a separate payment unit was developed for the convenience of transactions and united devices into a single network. 

The advantages of IOTA are scalability, complete decentralization, no commission and no limits on amounts, high speed of financial transactions.

Other features of the system: the ability to work in a local network, resistance to quantum computing, complete independence from equipment.

The MIYOTA currency is one of the most promising, the exchange rate at the beginning of this year was about 0.17 USD per coin, capitalization was 472 million USD.

NEO

NEO is a blockchain platform and currency, the Chinese equivalent of Ethereum . The best programmers and specialists were engaged in the development of the platform, the team did everything to ensure that users received an interface with simplified options. The main partners of the site are large Chinese firms.

The platform uses 2 types of tokens and smart transactions. All contracts entered into the blockchain are executed automatically according to the terms of the agreement. The platform is flexible, and therefore its popularity and demand are growing.

The protocols are compatible with other blockchains. The network operates at no extra cost, which saves energy and computing resources to support it. Among the advantages of the project are the existing restrictions on mining (no more than 15 million coins per year), excluding inflation.

The NEO rate at the beginning of this year is about 8.91 USD, capitalization is about 627 million USD.

Lisk

Lisk is an open blockchain platform on which decentralized blockchain applications are built. The platform supports software development, but does not use classic smart agreements. Cryptocurrency Lisk allows clients to run their own blokcheyny. Lisks main competitor is Ethereum. 

Lisks development prospects are positive: the platform cooperates with large companies, the team is actively working to promote the project.

Lisk indicators at the beginning of the current year: exchange rate of about USD 0.56, capitalization - USD 76 million.

Dash

Dash cryptocurrency is an open, decentralized payment system based on the blockchain. Dash differs from BTC and other virtual money in that it guarantees complete privacy: the system cannot track the transactions and actions of customers, fraudsters cannot access the users personal data and accounts, since there is no connection between the transaction and the account.

One of the features of the Dash cryptocurrency is masternodes, special network nodes that ensure the operation of system services. Funding for the system comes from within and does not depend on the contributions of interested companies. On the platform, issues of decentralization, double spending, confirmation and execution of a financial transaction, privacy are resolved.

As of the beginning of this year, the DASH rate is about 43 USD per unit, capitalization is about 402 million USD.

Huobi Token

Huobi Token is the domestic cryptocurrency of the Huobi exchange, one of the largest in China. The currency was designed to reduce the fees that are paid by token holders for trading on the exchange.

The platform is convenient for trading, and the NT and virtual coins trading pairs existing on Huobi allow using the token as a financial instrument. There is an Investor Protection Fund on the platform, protection of deposits is guaranteed, assets are protected from inflation, and a loyalty program for users is running.

Advantages of Huobi Token: steady growth in the exchange rate, strengthening the position of the parent exchange, profitable short-term investment, the possibility of long-term deposits when purchasing a VIP package, reduced transaction fees, payment of exchange commissions with internal coins.

At the beginning of this year, the Huobi Token price is about 2.87 USD, the market capitalization is about 700 million USD.

Zcash

Zcash is an open source decentralized virtual coin that provides privacy and transparency of financial transactions. Zikesh uses a mining algorithm. The platform publishes only data on transactions, the size of transfers and the data of participants in transactions remain closed.

Mining is difficult, but it allows you to use weaker hardware, another plus of the platform is the execution of a large number of calculations without glitches and failures. Transactions are completed within seconds. The software update was released last year.

Data for Zikesh at the beginning of this year: the token price is about USD 30.14, capitalization is USD 253 million.

Decred

Decred digital coin was developed by the team that created Bitcoin. Features of the project: flexible consensus system, decentralized mining option, the community is allowed to participate in the development and advertising of Decred , DCR holders act as shareholders and can choose the vectors of the systems development.

Currency price growth is predicted due to the following aspects:

• support for the public offering system;
• Spb Wallet support;
• consolidation with network.

At the beginning of this year, the price of a Decred unit was about 17.7 USD, capitalization was more than 192 million USD.

Other Popular Cryptocurrencies in 2019

The list of popular and promising currencies includes: HedgeTrade, TrueUSD, OmiseGO, Bitcoin Gold , Qtum and others.

Cryptocurrency	Unit	Capitalization, USD (early 2020)	Price (early 2020)
HedgeTrade	HEDG	259 544 438	1.81
TrueUSD	TUSD	153 168 029	1.0
OmiseGO	OMG	88 307 004	0.63
Bitcoin Gold	BTG	95 068 994	5.42
Qtum	QTUM	158 829 658	1.65

Many companies began to invest in Binance Coin (the cost of one coin is within 14 USD, capitalization is more than 2 billion USD, the purchase of BNB is possible on many exchanges, including the Bancor network).

The cheapest and most reliable cryptocurrencies

One of the cheapest cryptocurrencies is Bytecoin: the platform works using the CryptoNot algorithm, all operations on the network are confidential.

Investors took notice of this coin in 2018. Developers continue to work on scaling, free transactions, privacy. Bytecoin circulates on the largest trading platforms, the rate begins to rise. The price of one coin now does not exceed 0.0002 USD.

Investing in BitShares (BTS) is profitable: the software runs on modern technology used by bitcoin developers. The platform is suitable for launching decentralized firms, with the help of BTS, you can create profitable enterprises with the participation of individuals and legal entities. The current rate is $ 0.015 per unit.

A forward-looking and inexpensive currency, Verge focuses on privacy. The token price is now 0.003 USD. Features of a cheap virtual coin: there are no barriers to the growth of XVG, the interface is being improved, new functionalities are being added.

Forecasts by experts on the cryptocurrency market for the first half of 2020

Currently, virtual coins are relatively unstable, but experts do not advise to panic, top cryptocurrencies will continue to grow anyway. According to forecasts of financial analyst Ronnie Moas, despite the fact that the crypto market is not going through the best time now, positive changes await us.

The promise of virtual money is undeniable for the following reasons:

1. Large companies continue to buy cryptocurrencies.
2. New investors and stakeholders are emerging.
3. A temporary drop in the rate allows you to invest in leading cryptocurrencies (Bitcoin, Ethereum, Tron , Dash).
4. Coin sales are organized in connection with the arrival of new faces on the market.

Other experts noted that in the near future, cryptocurrencies will become a means of payment recognized throughout the world. Large investors have already appreciated virtual material resources, IT companies are investing in the development of crypto infrastructure.

Benefits of cryptocurrencies

Digital money has become popular in just a few years. Some analysts are convinced that technology has already changed the world, while others are not yet sure about the reliability of virtual resources. Doubters should realize that cryptocurrency is not like well-known assets, technologies are used in working with it that make the currency competitive.

The first plus of cryptocurrency is decentralization. Platforms work according to algorithms, they cannot be controlled by states, some networks are designed in such a way that changing the operating mechanisms is not available even to developers.

The central regulatory body does not participate in transactions, therefore, costs are reduced, fees for transfers are minimal or absent altogether, the processing speed of transactions is high, after a transaction enters the blockchain it is no longer possible to cancel it.

Another advantage is the availability of confidentiality: only a minimal set of data is needed to register on the platform and then execute transactions. Holder Bitcoin , Ethereum or other currencies can be assured that the state will not be able to track the status of his account. Access to the wallet occurs after providing a key known only to the holder of virtual coins.

Cryptocurrency is not afraid of inflationary fluctuations due to the release of new tokens, limited emission and other factors.

Anyone can make money on cryptocurrency, just have a wallet and have stable access to the network. Many exchanges offer demo accounts to get acquainted with the crypto market, on the Internet you can find a lot of educational videos and trainings, as well as get valuable advice from traders and experienced trading participants, helping to make money on the Internet without much effort.