The top 10 cryptocurrencies Indians should be buying in 2022 and beyond
An exponential rise in the value of cryptocurrencies has captured everyone’s attention to such an extent that cryptocurrency investment has seen a dramatic increase over the years. There is no doubt that the number of investors continues to grow with every passing day as cryptocurrencies continue to be widely accepted across nations. India is not far behind when it comes to investing in cryptocurrencies. Investing in the magical world of digital currencies is no longer reserved for a select few. Indians are among the most active cryptocurrency investors today. Here are the top 10 cryptocurrencies Indians should consider buying in 2022 and beyond.
Whether it is an Indian or an investor from any corner of the world, one cryptocurrency that definitely makes it into the list of the most sought-after crypto has to be Bitcoin. Being the first to come into existence, Bitcoin has managed to win the hearts of many since then. No wonder it stands every chance to fetch huge returns in the coming years as well.
Ethereum is a great investment considering how reliable and innovative it is. ETH, the second-largest cryptocurrency in terms of market capitalization, is known for its innovation, especially the fact that it is a decentralized blockchain platform. Over the years, its value has increased and it is highly likely that it will continue to do so.
Cardano is a decentralized blockchain technology that includes a native cryptocurrency. The very feature of securing peer-to-peer transactions has brought Cardano into the limelight. Similar to Ethereum, Cardano stands the ability to enable smart contracts and decentralized applications, which ADA, Cardano’s native coin, powers.
With its record-high trade on July 2021, SMD Coin has positioned itself as one of the top new cryptocurrencies that are suitable for investment in December 2021. Crypto investors use cryptocurrency tokens for staking, bonding, and governance.
After the launch of Centraziled Exchange & Blockchain, the price of the SMD cryptocurrency is expected to increase.
Dogecoin came into existence in 2013 but it was just in the previous year that this cryptocurrency enjoyed attention like never before. In 2020, it was acknowledged as a payment model among sports teams and entered the AMC theatres. All in all, this digital currency showed immense potential in every possible manner.
As evident as it can get, the cryptocurrency market is highly volatile. For those investors who fear the extreme volatility of the cryptocurrency, there cannot be a better investment opportunity than Tether as it is considered to be the most stable cryptocurrency.
Yet another term that has been doing rounds for quite some time is WazirX. It has grabbed eyeballs for its ability to allow users to use it as an intermediary between currency trades wherever a direct ‘currency pair’ exchange isn’t available. Right from deposits, withdrawals, to rewards and incentives, WazirX doesn’t disappoint anyone.
Ripple has a market capitalization of tens of billions of dollars. This is just one of the many attractive aspects that Ripple boasts of. A few points that Ripple apart from the rest are its usage in cross-border payments by over 250 banks, impressive transaction processing time with minimal fees, among others.
Of late, that one cryptocurrency that has grabbed attention from every corner of the world is Shiba Inu. It is a meme-based cryptocurrency that has seen a massive increase in its value over a period of a few months so much so that it takes pride in outperforming some of the best cryptocurrencies of all time.
Uniswap was launched in the year 2018. However, it was in 2020 that it gained huge popularity as a result of Decentralized finance phenomenon and the associated surge in token trading. With an objective to keep token trading automated, Uniswap has managed to become one of the favourites. On that note, the coming years seem to be quite promising for this cryptocurrency.
There is ‘n’ number of reasons as to why investing in Polkadot is worth it all. Its ability to enable cross-blockchain transfers of any type of data or asset, not just tokens is one among them. Additionally, scalability and faster transactions are two other areas where Polkadot enjoys attention.