People are increasingly turning to investments like cryptocurrencies with an exponential increase in value these days. Investment interest in these virtual assets has also seen an uptick over the years. As cryptocurrencies become more popular across countries, the number of investors also increases. India plays an important role in the crypto market too. Gone are the days when only a few people would invest in digital currencies. India is now one of the most active countries for investment in digital currencies. With that in mind, here are the top 10 popular cryptocurrencies Indians should invest in by 2022.
One crypto coin that’s popular with both Indian and foreign investors has to be Bitcoin. Bitcoin may well be the oldest cryptocurrency, but that doesn’t stop it from being a favorite for many. It’s sure to bring huge returns in future years as well.
We’re not saying you should invest your hard-earned money in Ethereum, but it’s certainly worth considering. It’s innovative and reliable, so investing in ETH may bring the best ROI on your investment. Ethereum is a decentralized blockchain platform that’s the leading digital currency in terms of market cap. Its value has risen over recent years and it seems likely to continue going up.
Cardano is a decentralized platform that is fueled by a native token. It is the first blockchain project with Arabic origins to come into the spotlight. Cardano can function like Ethereum and is able to enable smart contracts and decentralized applications, both of which are powered by Cardano’s own ADA coin.
Dogecoin came into existence in 2013 but it has only recently gotten attention like never before, maybe because of the success of Bitcoin which is its direct competitor. As of 2020, this digital currency has been acknowledged among sports teams and will enter AMC theatres & other entertainment venues. It shows a lot of potential in every possible scenario.
There’s a lot of volatility in the cryptocurrency market. For those investors who aren’t looking for such drastic fluctuations, there can’t be a better bet than Tether – it is one of the most stable crypto investments.
Another name for this is WazirX and it’s been around for a while now. Sounds cool right? WazirX is a one-stop-shop for all the things you need to do with your money. From depositing funds, exchanging currency, to withdrawing rewards. They even have a Referral Program where you can get a bonus!
Ripple has a market capitalization of tens of billions. They also offer fast and secure transactions. While there are many other companies attempting to solve the problems of cross-border payments and high-cost transfer fees, Ripple is doing its best with its own XRP cryptocurrency. This allows banks the ability to transact across borders with minimal costs. Furthermore, Ripple goes beyond this by providing access to quick processing time and an impressive 150 transactions per second.
That one cryptocurrency that has been grabbing headlines from around the world is Shiba Inu. It’s a meme-based cryptocurrency that’s seen a huge spike in its value in the past few months. It currently takes pride in outperforming some of the most successful cryptocurrencies to date.
Uniswap was launched in the year 2018. However, it has not been until 2020 that it gained a lot of popularity as a result of the emergence of blockchain and the Decentralized finance phenomenon. The token trading activity associated with this resulted in a surge for several months. With an aim to keep token trading automated, Uniswap has become one of the favorites. In the coming years, we’re hoping for this to be a promising cryptocurrency.
There is no doubting Polkadot’s potential to revolutionize the way data and assets are transferred across the blockchain. One thing that makes it so powerful is its ability to help you move any type of data or asset, not just tokens. Talking about scalability and faster transactions, Polkadot has a lot going for it.