With the popularity of cryptocurrency reaching an all-time high in recent years, many investors have gotten excited about investing in it. So we find the Top 10 Best cryptocurrency to invest in india In May 2022 and you can easily buy cryptocurrency in India through Coindcx ,Unocoin and Zebpay .
1. Bitcoin (BTC)
Bitcoin (BTC) is Created in 2009 by Satoshi Nakamoto . Bitcoin is the most popular cryptocurrency in India. This is probably because Bitcoin is the oldest, most popular cryptocurrency among all . BTC runs on a blockchain or ledger of transactions that spans a network of thousands of computers. Bitcoin is the most secure and safe cryptocurrency so The price of Bitcoin is skyrocket and it grow over the time. In May 2016 if you could buy bitcoin around $500. As of May 1, 2022, the price of one Bitcoin has exceeded over $38,000 and your Bitcoin growth of more than 7,500%,That you could make $37500.
2. Ethereum (ETH)
Ethereum is the second most popular cryptocurrency in India and is loved by the program developers due to its potential applications as many technologies run on Ethereum (ETH) blockchain. The Ether token is based on the Ethereum blockchain. Ethereum has also seen phenomenal growth. From April 2016 to early May 2022, its price increased from around $11 to over $2,700, an increase of nearly 25,000%.
3. Tether (USDT)
Tether was introduced to the world as the brainchild of individuals who felt that the cryptocurrency market was extremely unpredictable and volatile. As the first stablecoin, Tether is pegged to the US dollar and is less volatile than bitcoin. This alone makes the cryptocurrency the best alternative to bitcoin. Launched in 2014, tether allows users to experience the blockchain network while tokenizing their investments in the face of major price spikes and drops. Unlike other forms of cryptocurrencies, Tether is a stablecoin, meaning it is backed by fiat currencies like the US dollar and euro and hypothetically holds value in either of those denominations. In theory, this means that the value of Tether is meant to be more consistent than that of other cryptocurrencies, and it is favored by investors wary of the extreme volatility of other coins.
4. Binance Coin (BNB)
Binance Coin(BNB) is a form of cryptocurrency that you can use to trade and pay fees on Binance Platform, Binance Coin (BNB) is one of the largest cryptocurrency exchanges in the world. Since its launch in 2017, Binance Coin has expanded beyond simply facilitating transactions on the Binance exchange. Now it can be used for commerce, payment processing or even travel booking. It can also be exchanged or exchanged for other forms of cryptocurrencies, such as Ethereum or Bitcoin. The price of BNB in 2017 was just $0.10 and now At the beginning of May 2022, its price increased to about $383, with huge increase of about 350,000%.
5. Shiba Inu (SHIB)
Shiba Inu (SHIB) was launched in 2020. Shiba Inu (SHIB) is the meme-based cryptocurrency has already overtaken its longtime rival dogecoin over the past month with an 800% price increase. Shiba Inu is most famous and trending cryptocurrency in india and it tweeted by the top personalities like Elon Musk and Vitalik Buterin. Shiba Inu became famous after Vitalik Buterin burned his market share in offering SHIB. Ryoshi divided Buterin 50% of the SHIB supply, announcing that “as long as Vitalik doesn’t eat us up”, Shiba Inu will be fine.
6. Solana (SOL)
Solana(SOL) was officially launched in March 2020 by the Solana Foundation with headquarters in Geneva, Switzerland. Solana (SOL) is a highly functional open source project that banks on blockchain technology’s to provide decentralized finance (DeFi) solutions SOL, Solana’s native token, powers the platform. At launch in 2020, the price of SOL starts at $0.77. As of May 1, 2022, its price is around $87, an increase of more than 11,000%.
7. POLYGON (MATIC)
POLYGON (MATIC) is based on Ethereum smart contracts, MATIC is trying to bring us closer to the “cross-chain” platform. This allows users to take advantage of different blockchains and allows them to communicate with each other. This cryptocurrency is popular among investors hoping to contribute to the development of decentralized finance such as borrowing and lending. It is one of the best cryptocurrencies to invest in india 2022.
8. Terra (LUNA)
Terra is a blockchain payment platform for stablecoins based on maintaining a balance between two cryptocurrencies. Terra-backed stablecoins, such as TerraUSD, are pegged to the value of physical currency. Their response, Luna, powers the Terra platform and is used to generate more Terra stablecoins. stablecoins Terra and Luna work together based on supply and demand: when the price of one stablecoin exceeds the value of its associated coin, users are incentivized to burn their Luna to generate more of those Terra stablecoins. Likewise, when its value falls against the base currency, it incentivizes users to burn their Terra stablecoins to earn more Luna. As the adoption of Terra platforms increases, so does Luna’s value. From January 3, 2021, when its price was $0.64, to early May 2022, Luna has increased by more than 12,400% to $80.
9. Cardano (ADA)
Cardano is a platform capable of running financial applications that is currently used every day by individuals, institutions, and governments around the world. Furthermore, Cardano’s green and transparent nature makes it the perfect alternative to bitcoin. Cardano also works like Ethereum to enable smart contracts and decentralized applications, which are powered by ADA, its native coin. Cardano has also demonstrated its potential as one of the best cryptocurrencies for Indian investors to buy in 2022. Cardano`s ADA token has had relatively modest growth compared to other major crypto coins. In 2017, ADA`s price was $0.02. As of May 1, 2022, its price is $0.77. This is an increase of 3,750%.
10. Dogecoin (DOGE)
Dogecoin is the first crypto meme that started with an internet joke a long time ago. After holding a safe place for a few since its launch in 2013, Dogecoin showed its potential in 2020 when it was recognized as a payment model between sports teams and hit the stage. AMC. Furthermore, big names like Elon Musk and Mark Cuban prefer Dogecoin over other cryptocurrencies. A single tweet from them can drive DOGE prices crazy.