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With there currently being in excess of 4,000 different cryptocurrencies it can be difficult to decide which ones you should invest in. If you are looking to purchase new zealand cryptocurrency then you should definitely consider doing it through the Swyftx cryptocurrency exchange. When starting out, the safest bet is investing in the bigger cryptocurrencies, such as the ones that we have listed below.
Litecoin
Being highly liquid and having a sizable market cap, Litecoin is the perfect cryptocurrency for any beginner investor to purchase in 2020, as it is much less riskier than those ones that have smaller market cap.
With their only being 84 millions of the coins (this is considered a limited supply) and having a high block reward (25 LTC) in comparison with other cryptocurrencies, it is likely that Litecoin will really explode in value within the next year or so.
The amount of time that it takes to mine a Litecoin blockchain is around the two minute mark and so is much faster than pretty much any other cryptocurrency that is currently out there on the market.
Bitcoin
This is the one that those individuals with no prior experience of investing in cryptocurrencies are likely to have heard of. The reason for this is that, to date, it is the most widely used and has been referred to on a number of occasions as “the king of all cryptocurrencies.”
The overriding aim of Bitcoin is for it to become an international peer to peer form of digital cash that is far detached from any sort of financial or political regulation, thus being completely decentralised.
Widely considered as the most liquid of all the cryptocurrencies, it is, for this reason alone, probably the best one to invest in if you are a newcomer to the space. This is because you will never have any problems either selling or buying Bitcoin.
Basic Attention Token (BAT)
For the past few years, including 2020, the BAT has been seen as one of the best and the hottest cryptocurrencies to put your money into. It is typically used for the purpose of giving tips to content creators or any other professions within the online space.
Even with many other cryptocurrencies either collapsing or on the verge of doing so, the BAT has remained surprisingly consistent throughout all of this uncertainty over recent years. This is a positive sign that the cryptocurrency has a health accumulation.
Because of all of the above things mentioned, it is expected that demand for the BAT will massively increase as the cryptocurrency grows, thus leading to a sharp increase in its price valuation.
Some other good cryptocurrencies that are worth looking into for investment purposes include Ripple, EOS, TRON, Binance Coin (BNB), NEO, NEM, and Ethereum. However, it is the ones mentioned above that should receive the most of your attention, as these are the ones that have been identified as either safe bets or the ones with the best potential for the highest returns over the next few years.
