2020 has just begun and there have been tons of rising crypto currency trends to lean on. According to some experts this could be the year that changes everything. Back in the day, people used to watch the trends in stock market if they wanted to find out about wealth creation. Now however, things are completely different. The focus these days is mainly on crypto currencies. Just like the reports that we got to see in the previous years, Bitcoin has once again come out on top as a popular and valuable coin in the crypto currency market. That being said, this crypto currency faced major fluctuations back in 2018, which made quite a lot of people reconsider their Bitcoin related investments.
Because of this people started to look into other types of crypto currencies to trade or invest in, and although there are a plethora of them, only a select few will prove to come in handy if you want to use them for a long term strategy. XTR gate crypto blog has an interesting discussion regarding these crypto currencies. Mentioned below are some of the best crypto currencies to rely on if you are looking for a long term DCA strategy:
Despite the recent fluctuations, Bitcoin is still strong enough to hold its own in the world of crypto currencies. A large amount of experienced traders still consider it to be the best cryptocurrency to be used for a long term DCA strategy not only for the current year, but for the years to come as well. John Mcafee who is a widely recognized name in the landscape of crypto currency predicts that 2020 is the year where Bitcoins will make a huge comeback. He further predicts that it could even hit one million dollars by the end of 2020.
Ethereum is quite a close competitor to Bitcoin. Judging by Ethereum’s recent form, it would even be fair to suggest that it could topple Bitcoin in the years to come. For those who do not know, Ethereum is the second biggest crypto currency after Bitcoins. It has shown a lot of promise as of late and offers more fluidity and consistency in comparison to Bitcoin. In addition, the code that Ethereum users have to generate is remarkably simple in comparison to Bitcoin, which makes it a greater option for long term investment. Recently, there was a 0.37 percent increase in Ethereum, which indicates that there you could expect a further increase down the line.
This official coin belongs to the Binance market place. This crypto currency, like the ones mentioned above has also enjoyed a steady recent in the recent years. Because of this, there has been a gradual increase in its trading volume as well. One of the best things about Binance is that it is easily accessible on all platforms, which makes it quite accessible to all types of users. Be it android, iOS, Mac, Linux, or Windows. You can use Binance quite easily. Suffice to say, using Binance would be a wise long term DCA strategy. You can read more about crypto currencies suitable as long term strategies on XTR gate.com Crypto trading platform full review.