As cryptocurrencies gain traction on Wall Street, an increasing number of options become available. There are over 10,000 cryptocurrencies currently available for investment or trading, ranging from Bitcoin and Ethereum to Dogecoin and Tether, selecting the best cryptocurrency options is extremely difficult, especially if you are a beginner.
To help you out, we'll go over 10 of the best cryptocurrency to buy in India. With the best app to buy cryptocurrency in India.
So, without further ado, let's get started.
Bitcoin (BTC):
Despite its market cap and popularity, Bitcoin is not going away anytime soon. It is still in the news and is what most people associate with the term cryptocurrency.
Bitcoin has emerged as the preferred cryptocurrency among traders. Investors who can stomach the volatility, on the other hand, benefit from bitcoin. After 21 million bitcoins have been mined, no new coins will be created.
In terms of where Bitcoin can go, some market analysts believe that $100,000 is possible by the end of 2022, implying that purchasing bitcoin remains a viable option.
Bitcoin is the relatively safest cryptocurrency to invest in through Carret, India's best crypto exchange app. At 24Carret, you can earn up to 17% AYI on your crypto holdings. 24Carret is India's first cryptocurrency savings account.
Ethereum (ETH):
Ethereum (ETH), the first Bitcoin alternative on our list, is a decentralised software platform that allows smart contracts and decentralised applications (dApps) to be built and run without downtime, fraud, control, or interference from a third party.
The goal of Ethereum is to create a decentralised suite of financial products that anyone in the world, regardless of nationality, ethnicity, or faith, can freely access.
This aspect makes the implications for those in some countries more compelling because those who lack state infrastructure and identification can obtain bank accounts, loans, insurance, and a variety of other financial products.
You can also buy Ethereum at India's best cryptocurrency app known as Carret.
Solana (SOL):
Solana is a functional open-source project that uses the permissionless nature of blockchain technology to provide decentralised finance (DeFi) solutions. Although the Solana project was conceived five years ago, the official launch was in March 2020. SOL is the native cryptocurrency that oversees all Network transactions.
Solana is one of the hottest crypto tokens, with prices skyrocketing in the last year. The coin's price has consistently reached new all-time highs, attracting the attention of investors all over the world. If you had invested $100 in Solana when it first launched in 2020, when it was trading at $0.78, you would have received a return of over 410000%.
According to Solana's price prediction and forecast, the SOL coin will increase by more than 440% in 2022, reaching more than $450 per token.
You can buy and hold Solana cryptocurrency at 24Carret digital saving account which is a product of Carret, the safest crypto trading platform in India and get up to 17% APY on your crypto holdings.
Cardano (ADA):
Cardano is another top cryptocurrency to invest in this year. This cryptocurrency is a popular, rapidly growing blockchain technology that stands for secure, long-term blockchain with ground-breaking applications.
Cardano can redistribute power away from unaccountable structures and towards the margins. Its native cryptocurrency, ADA, has recently gained increased attention as one of many proof-of-stake blockchains being built in the crypto space.
The Cardano project describes its protocol as a third-generation blockchain designed to enable intelligent contracts with future applications of quality control and supply chain governance.
Investing in Cardano in 2022 is a wise decision because it is a very open and welcoming environment that works the same for everyone. When it comes to trading and getting started, there are no barriers. You can trade Cardano at Carret, the safest cryptocurrency platform in India.
Tether (USDT):
Tether is a stable coin, unlike some of its cryptocurrency competitors. Coins with a stable market value try to link their value to something other than themselves.
It is backed by well-known 'fiat' currencies like the British pound, US dollar, or euro, and theoretically has the same value as one of those denominations. Tether's value, according to the theory, should be more consistent than that of other cryptocurrencies.
It is preferred by investors who are wary of the extreme volatility associated with other coins. Start your crypto journey with Carret by investing in Tether.
Ripple (XRP):
XRP is one of the most well-known cryptocurrencies on this list. XRP is a valuable token with low transaction fees and fast transactions.
Ripple is more than just a cryptocurrency. It helps to make cross-border financial transactions more efficient. Ripple collaborates with financial institutions to lower currency exchange rates and provide real-time exchange rates.
Before Ripple, banks had to rely on intermediaries to conduct cross-border transactions. These were costly and time-consuming to complete. Ripple has significantly improved the efficiency of cross-border transactions.
It demonstrates to an investor that Ripple provides real value in the world beyond the basic store or exchange of value premise. Trade in Ripple and other top cryptocurrencies at the Carret platform.
Binance Coin (BNB):
After years of relatively stable prices, at least by cryptocurrency standards, the Binance coin took off in early 2021, skyrocketing from around $38 on January 1 to an all-time high of $683 in May.
BNB is the cryptocurrency supported by Binance, the world's largest exchange. By using BNB, Binance users can lower their trading commissions. The Binance Chain and Binance Smart Chain, two separate blockchain networks, are both powered by the token.
It suggests that BNB has a valid use case. Binance also burns BNB tokens, lowering the total circulating supply and potentially increasing the value of the token.
Carret is the best platform to buy cryptocurrency in India.
Grow your capital through Carret's 24carret product, India's first crypto savings account. It gives up to 17% APY on your crypto holdings. There is no time limit on when you can withdraw your funds.
Crypto trading is popular among investors because it is very flexible, as it is available 24 hours a day, seven days a week, allowing traders to conduct business at any time of day.
So, what are you holding out for? Begin your crypto journey safely and securely with the Carret platform.
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