Top 5 Cryptocurrencies for Short Term Investment in 2020

Anisa Batabyal
| 26 December, 2019 | 2 min

Cryptocurrencies are one of the most talked-about topics nowadays, which are getting a lot of traction as there are enthusiasts and traders who are investing and making money out of it. Likewise, they have been an ardent follower of the crypto market, keenly waiting for the bull run. There has been a lot of people, who’s been looking for a return within a short period of time, hence they are interested to invest for short term and get a good return. Here, in this article, we will talk about the top 5 cryptocurrencies to invest in 2020. You can go here to know how to invest in short term cryptocurrency 2020.

Let us check out the best cryptocurrencies to invest for the short term:

#1 Chainlink (LINK)

Chainlink is one of the fastest-growing cryptocurrencies that provides tamper-proof and reliable inputs and outputs for complex smart contracts on any blockchain. You can connect to any external APIs and send payments anywhere with the help of chainLink. chainLink’s decentralized network enables to evaluate the same data before it becomes a trigger and the overall value of the smart contract is maintained, which ensures reliability and security. Chainlink is one of the best cryptocurrency to buy right now.

Currently, ChainLink (LINK) is trading at $2.7185 with LINK price 7.59% down today. The market cap of ChainLink is USD 951,489,981 with 350,000,000 LINK circulating currently. The 24-hour price movement chart indicates that $90,455,083 worth of LINK were trading. The price peaked to $3.3100 in the last 24 hours while the lowest price was $2.8200. 

#2 Binance Coin (BNB)

BNB is one of the best-performed cryptocurrencies right now as it is Binance’s own token. Binance Coin became mainnet a few months back, after which it has become even more popular. The crypto token has received support from many partnerships like Uplive, Asia’s high-end video streaming platform.BNB coin offers discounts when it is being used to pay Binance fees. Binance coin is used as one of the key base assets while executing contracts of the decentralized BNB exchange.

Currently, Binance Coin (BNB) is trading at $28.1228 with BNB price 0.51% down today. The market cap of Binance Coin is USD 3,070,322,448 with 109,175,490 bnb circulating currently. The 24-hour price movement chart indicates that $344,685,563 worth of BNB was trading. The price peaked to $29.6312 in the last 24 hours while the lowest price was $27.1332. 

#3 Litecoin (LTC)

Litecoin is nowadays the most talked cryptocurrency as it is going to go through its second halving process in a month.It can be considered as one of the best short-term cryptocurrency investment in 2020. Since the interrelationship between demand and supply is a critical force to the underlying laws of the market economy, there were widespread speculations that a decrease in supply would lead to an increase in price for Litecoin. LTC is one of the earliest forks of Bitcoin, which became popular due to its ongoing innovations in technology and the dedicated community behind it.

Currently, Litecoin (LTC) is trading at $89.5303 with LTC price 1.54% up today. The market cap of Litecoin is USD 5,612,306,241 with 62,686,087 ltc circulating currently. The 24-hour price movement chart indicates that $3,124,867,950 worth of LTC was trading. The price peaked to $92.8010 in the last 24 hours while the lowest price was $86.5770. 

#4 Cosmos (ATOM)

Cosmos has been created with the aim of solving the biggest problem in the crypto world- scalability, interoperability, and usability. Cosmos even visions to enable the developers to build blockchains and be able to transact between many blockchains easily. Cosmos is more like an ecosystem built on interchangeable and adaptable tools. This is going to grow phenomenally, hence considered as one of the best cryptocurrencies to invest in 2020.

Cosmos Price for today is $4.2395358948 with a current circulating supply of ATOM 237,928,231 and a market cap of $808,430,483.

#5 BitTorrent (BTT)

BitTorrent was one of the most popular IEOs, launched on the Binance Launchpad, which raised $7.2 million in less than 15 minutes, hitting the crowd sale hard cap. Until now, BitTorrent has got 11.67X returns and is trading at $0.0014. BitTorrent has a huge community of supporters, the biggest being the Tron Foundation, led by Justin Sun. It experienced a lot of promotion and proved itself to be one of the top 5 cryptocurrencies 2020 for short term investment.

BitTorrent Price for today is $0.0010214365 with a current circulating supply of BTT 990,000,000,000 and a market cap of $216,663,535.

About CoinSwitch

CoinSwitch.co is the world’s largest cryptocurrency exchange aggregator which supports 300+ coins and over 45,000+ pairs. It provides an easier way of trading through global exchanges like Binance, KuCoin, IDEX, Huobi, Ethfinex, HitBTC and Cryptopia without creating an account on them. If you are interested in buying cryptos, do give it a try!