Managing your money amid the COVID-19 pandemic can be challenging, especially when it is having a huge impact on the global economy. Millions of people are uncertain about their job, monthly salary, debts, daily expenses, retirement, and cash savings. Although the situation of each individual and family is different, the broad issue is the same; concern about finances.
Coronavirus has drastically affected the entire financial market. Even the crypto industry could not escape from the outbreak. If we look at some of the previous stats, we will find that the price of Bitcoin fell from $10,500 to $4,679. Right after the sudden decline in the BTC price, numerous people had an increased interest in buying BTC. Luckily, the market has started recovering again, and, at the time of writing, BTC is valued at $7,351.
So, according to me, this is the high time to buy and sell crypto curency and gain huge profits to secure your financial condition in this dreadful situation.
Furthermore, countries like India, Venezuela, and Iran have also become receptive to cryptocurrency. Initially, these countries were against the adoption of crypto but are now legally embracing it. As per a recent survey, the popularity of cryptocurrencies is rapidly growing in East Africa. People are taking more interest to trade digital currencies. Moreover, Zimbabwe’s government appears to be interested in legalizing digital currency to improve its financial status.
So, if you also want to thrive in the crypto market, especially during the current financial crises, here are some best cryptocurrencies to invest in April 2020.
Bitcoin still retains its position as the most popular and profitable digital asset.
Although this major cryptocurrency suffered a temporary setback when its price dropped in mid-February from $10,000 to $4,000 in mid-March, fortunately, it has managed to retain its price and came back to $7,351.
BTC seems to have a natural tendency to spike up whenever it bottoms out. Thus, it is expected that the coin will live up to its reputation once again in the coming months, making it the top investment option in April 2020.
ETH has always maintained its position as another best digital coin for investors. At the time of writing, it traded between $125 and $174. Analysts predicted that it is not going to remain at this level for long, expecting the coin to see another uptrend sooner than later.
Unlike most digital currencies that target individuals, XRP was created as a payment alternative to banks and other financial institutions. Although Bitcoin remains the number-one cryptocurrency, Ripple is another popular investment option among modern traders. One of the biggest reasons for this is- XRP offers the lowest withdrawal fees among other cryptos.
Bitcoin Cash (BCH)
Bitcoin Cash is a member of the Bitcoin family. It is another worthy investment option if you are looking for crypto to add in your portfolio. This currency currently stands at $258, while experts forecast a rise to $350 at the end of the year.
To Sum Up
Over the past few years, the crypto market has experienced multiple ups and downs. For that, when choosing which crypto to invest in, it is always crucial to stay up-to-date with the latest news, market trends, technical analysis, and expert review. There is another imperative factor to consider- choose the best fiat to crypto exchange that is secure, reliable, and user-friendly. If you are looking for one such trading platform- Bitzuri is simply a superb platform to buy the aforementioned cryptocurrencies at the guaranteed fair price.