The best cryptocurrency under 500 that you can invest in needs a little research. Hence, based on some of the factors like market cap, current price, and how does it work we have shortlisted for you the best cryptocurrencies in India to buy under 500.
Best cryptocurrencies in India under 500
Cardano’s price in the year 2017 was just $0.02; by October 2021, it had risen to over $2.31, a gain of almost 11,500%. If you are a new investor this could be one of the best cryptocurrencies to start with.
This cryptocurrency has a market cap of 73B USD and a price close to Rs 178.Furthermore, it works on proof of stake which makes it eco-friendly as compared to other crypto coins. Moreover, after the launch of its smart contract, its price might reach up to 5USD.
This meme coin was launched as a joke, but after the tweets from crypto enthusiast Elon Musk, it became one of the prominent digital currencies to invest in.
DOGE coin has a market cap of around $40 billion and is currently priced at Rs15. Furthermore, it has faster transactions as compared to other cryptocurrencies. Since its launch in the year 2017, it has seen a gain of around 100,000%.
In planning to start investing in cryptocurrencies this could be one of the best crypto coin to start your investment, as it is backed by an equal amount of conventional money stored in banks like the dollar-euro, or yen which makes this coin more stable in comparison to other cryptocurrencies.
Tether has a market capitalization of over $64 billion and a price of 1.07USD.
After Bitcoin and Ethereum Ripple is one of the most popular cryptocurrencies in India, and always ranks in the list of top 10 cryptocurrency in terms of market cap.
This cryptocurrency has a market cap of 43.494B USD and is currently priced at Rs82. Furthermore, XRP works with the most advanced blockchain technology which makes its payments very fast.
This cryptocurrency ranks 18th among the top 20 cryptocurrencies. Algorand has a market cap of around 11.172B and is priced close to Rs140.
This digital currency was designed to facilitate efficient transactions and works upon the proof-of-state blockchain protocol. Furthermore, it is predicted that its price might rise to almost 3 dollars by the end of this year.
Disclaimer: This article is not a recommendation by mpblogs to invest in crypto. We would advise you to do market research before buying any cryptocurrency. Price and market cap may fluctuate.