Learn More About NEO #10 ZCash (ZEC)
If you’re looking for a coin that’s still relatively new to the world of cryptocurrency, ZCash is a great option.This promising entrant was established in 2016 and currently has 21 million coins on the market.ZCash payments reside on the public blockchain.However, ZCash does provide its users with a level of anonymity by hiding the details of transactions.
ZCash is known for its privacy since it protects the names of both the sender and the recipient on its transactions.
However, unlike other privacy cryptocurrencies, ZCash does give its users the option to receive a copy of transactions they performed on the blockchain.
This feature gives ZCash users and companies the ability to comply with taxation and money laundering laws while still having a modicum of anonymity while using cryptocurrency.As a result, users will know that they are adhering to all regulations and rules while performing transactions on the blockchain.
This new coin is an up and comer in the crypto market and has a great following and active community.
Users experience low fees and private transactions which makes ZCash a great option if you need a coin that provides a level of privacy.These features make the ZCash cryptocurrency a coin we’ll keep on our radar throughout 2020.
Picking a Coin for Investing Image via Unsplash.com
We’ve gone through our top 10 altcoins for 2020, but how do you go about selecting the best cryptocurrency for investing? Here are a few tips to help you pare your list down to a manageable size: Management
Research the development and leadership team behind the project.What are their background and qualifications? How long have they been in crypto or a related field? Just like with any other successful company, the management team can determine how well a project does.Community
What type of community following does the project have? Is it received positively or negatively in the crypto industry? Some good places to look to get a solid idea are Steemit, YouTube, and Reddit.Check out the size of a project’s community and how involved its users are.Investors
Cryptocurrencies that have a lot of hype aren’t always scams or bad projects.If a currency has a lot of investor confidence, then it could increase significantly in value in the future.
However, do your research as the possibility for scams and pump and dump schemes are still an unfortunate reality in the crypto market.
Transparency
Speaking of scams and schemes, a lot of ICOs will disappear before you know it.
Look for cryptocurrencies that are well-established in the community and provide clear and concise plans about their ambitions and goals.Technology
Review the roadmap for the project.What’s coming down the pipe in 2020? Are there any updates or planned releases in the near-term? Significant updates and advances in technology can make a project worthy of investment.Final Thoughts
There you have our best altcoins for 2020.These listed are some of our favorite cryptocurrencies to invest in.
However, it’s always important to remember crypto is a volatile market.While it’s great to think about all the fantastic gains we might realize, there’s also the possibility that your investments might drop as well.
One of the things we like about cryptocurrency is that you never know what might happen in the future.Just like with any type of investment, don’t put in more than you are willing to lose.
That way, if you lose a good deal of money, you aren’t losing a lot of sleep over it.
Hopefully, this list provides you with a solid start as you consider the best altcoins for 2020.And who knows? Maybe you’ll be able to give a great answer when someone asks you which cryptocurrencies are worth considering this year.Further Reading At TotalCrypto.io 1) Want To Buy XRP, DASH, ADA, XLM, NEO & ZEC Through A Single Exchange That Also Accepts Skrill & PayPal Deposits? Learn All About eToro & How It Might Be The Correct Exchange For You.
2) Interested In Getting Some Of These Altcoin Picks Through A Decentralized Exchange? We Put The Top 2 Decentralized Options Head To Head In Our Shapeshift Versus Changelly Guide.
3) Looking To Use One Of The Oldest & Well Established Crypto Exchange’s To Enter The Market? Read Our Bitstamp Exchange Guide & See If It’s For You.( 1 votes, average: 5.00 out of 5) DISCLAIMER: Be aware that the activity of cryptoassets mentioned in this article is unregulated.
This article must not be construed as investment advice.Always do your own research.Related Posts .
