Top 10 cryptocurrencies to invest in India in 2022
Friends, in today’s article, we will know about the top 10 cryptocurrencies to invest in India in 2022, so if you are also interested in crypto currency and want to know which are the 10 best cryptocurrencies in which one can invest. So read this article till the end and let’s start this article,
Talking about investing in crypto currency, the first name of Bitcoin comes. Satoshi Nakamoto gave the world the first cryptocurrency in the form of Bitcoin in the year 2008 and today its value brings it to the fore in the race for the best cryptocurrency. Till 5 years ago the price of one bitcoin used to be $500 but by November 2021 the price of one bitcoin has increased to $ 57000, this simply means that its value has increased by 11400%, with its market cap is $1.08 trillion.
This crypto coin is the digital currency with the highest liquidity , which is Global , Peer to Peer and Decentralized . Despite the volatility in the crypto market, this crypto coin is one of the strongest coins .
The demand and popularity of Bitcoin is expected to increase in the coming times . The acceptance of Bitcoin as a form of payment by large companies makes it the first among the best cryptocurrencies .
In the crypto currency market, if Bitcoin is considered as digital gold , then the same Litecoin is known as digital silver . Inspired by Bitcoin , it was launched on 7 October 2011 by Charlie Lee and is now operated by the Litecoin foundation . It is made by core code and this crypto coin is the world’s fastest and cheapest digital currency to transact at the rates .
It uses Scrypt Mining Algorithm to do mining, which can be mined even by ordinary computers . Litecoin has a market cap of $14 billion and a Per Token value of $200 as of November 2021 .
Market capitalization says that Ethereum is the second largest crypto currency in the world. It was launched by 20 year old youth Vitalik Buterin in the year 2015 with 72 million tokens .
Ethereum is a Decentralized Software Platform which is based on Blockchain . It uses Exchange for the transactions of investors’ crypto currency, which is called Ether . In simple words , it is a computer made up of many computers that live under each other’s supervision.
The reason for being second in the 10 Best Cryptocurrency race is because of its 500% lead. 5 years ago the value of one Ethereum used to be $11 which is now $4700 this is a straight 42000% price increase . With this, its market cap is currently more than $557 billion.
At present , this cryptocurrency is cheap and at the same time it is becoming increasingly popular . It was launched by Charles Hoskinson in the year 2017. It was named after being influenced by the name of Gerolamo Cardano. Charles also served as the co-founder of Ethereum and Bitshares at one time.
Cardano works on Blockchain Technology based on Ouroboros Praos Protocol which means to work on two Blockchains instead of one . In this, one performs Blockchain Transaction and the other enables smart contracts and identity. Due to this feature, it transacts many times faster than Bitcoin and Ethereum.
According to Charles Hoskinson, the third generation blockchain is used in Cardano, the same first and second generation blockchain are used in Bitcoin and Ethereum . Cardano ‘s market cap stood at $57 billion as of November 2021 .
5. Binance Coin
The next name in the 10 best cryptocurrency is Binance Coin . It is the fourth largest cryptocurrency by market cap, which works on Ethereum based blockchain technology. It is owned by the largest Crypto currency exchange Binance and it was launched in the year 2019 by Changpeng Zhao, who is the founder of Binance company .
The reason for getting it fourth in the race of cryptocurrency is its high transaction speed . This digital currency has been officially accepted in many service providers such as hospital and travel industries .
As of November 2021, Binance Coin has a market cap of $91.5 billion and One BNB value of $628, which used to be $0.10 in 2017 . At present, if you look at its market price, then you will know that it is increasing day by day, because of this, if you invest long term in it, then it will be a profitable deal for you.
Right now Ripple is in the form of a startup that allows banks to transfer payments. It facilitates the exchange of gold and cryptocurrencies with the currency of other countries. It is also known as currency exchange network for financial transactions around the world.
Ripple works on the XRP Ledger jointly created by Jed McCaled, Chris Larsen, David Schwartz and Arthur Britto, which was launched in the year 2012 and since then it has been included in the 10 Best Cryptocurrencies.
The value of Ripple XRP was $0.006 in the beginning of the year 2017, but now it has reached to $1 in November 2021. Investing in this will be beneficial for you because its price is within the reach of common man.
Dogecoin is also known as Meme Coin. In the year 2013, Billy Markus and Jack Palmer created this currency, which is currently the seventh largest cryptocurrency in the world. This is because of the influence of Tesla and Elon Musk who address themselves as the Dogefather.
If we talk about its value, then in the year 2017 the price of a Dogecoin was $0.0002 which has now become $0.22 in November 2021. It has increased by 110,000% from 2017 to 2021. At present, its market cap is close to $28 billion. You can understand the benefits of this with this example.
Let’s say that currently the price of a Dogecoin is Rs 25, which can reach around Rs 100 in the coming days. So if you invest on this then you will get a profit of 75 rupees on each coin.
Polkadot is a multi-chain network designed to consist of many dots. Its main purpose is to provide interoperability between other Blockchains. It is also known as Ethereum Killer due to its excellent technology.
It’s Dr. It was designed by Gavin Wood who is the co-founder of Ethereum. According to him, it is different from Ethereum and there is no competition between them, because instead of just being a decentralization application on Polkadot, you can create your own secure blockchain.
In today’s time, the price of this cryptocurrency is increasing. Polkadot has a market cap of $41 billion as of November 2021 . The one dot value of Polkadot has increased by 1300% since it was $2.93 in September 2020 which is currently $38.61 .
9. Shiba Inu
We are telling you about the 10 best cryptocurrency , in which Shiba Inu is such a currency that is making investors rich alone. This currency made a record jump of 934% in the month of October with a volume of $13 billion.
This currency came into the crypto market just a year ago. Initially, it gained a lot of popularity due to the tweet of Elon Mask and from here its community continued to grow.
It is the world’s fastest transaction speed crypto currency. This currency has also surprised crypto experts due to its quantum jump. This crypto coin became the sixth largest cryptocurrency in the world due to its market capitalization.
It has become a big name in the crypto world today due to its growth and it was launched in the year 2020, at that time the price of a Solana used to be $0.77.
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Friends, we hope that you have liked this article of ours and with the help of this article, you must have known about the top ten best cryptocurrency. Friends, this is all ten of the best cryptocurrency in which you can invest.