Cryptocurrencies have grabbed the attention of investors in the recent past, every passing day people are looking for the best cryptocurrencies to invest in to get maximum returns. There is more than eleven thousand digital currency which makes it quite difficult for new investors to select which one to buy?. In this article, we have shortlisted the top 4 cryptocurrencies to buy in India.
Top 4 cryptocurrencies to buy/ invest in India in 2021
Ethereum has to be among the top cryptocurrency to invest in India in 2021, with a market cap of about $351 billion and a price of $2,905.5.
This cryptocurrency works on decentralized software platforms, furthermore, it has one of the most advanced smart contracts and decentralized application systems.
Ethers price in the year 2016 was just $11; by September 2021, it had risen to over $2,905.5, a gain of almost 26,409%.
This digital currency was launched by one of the co-founders of Ethereum Charles Hoskinson in the year 2017.
Cardano is one of the most stable cryptocurrencies in the market and always ranks in the top 4 cryptocurrencies with a market cap of around 73B USD and a price close to 3$.
ADA is a proof-of-stake blockchain platform which in comparison to other cryptocurrencies is much more eco-friendly. What gives this altcoin a boost is a future possibility of handling smart contracts which were launched in September. So if you a new investor you can surely start with this coin for both long-term and short-term investment.
Bitcoin is the first and most popular cryptocurrency in the market furthermore, it always ranks at the top in terms of price and market cap as well.
BTC is a decentralized system that records transactions in a distributed ledger called a blockchain. Bitcoins price in the year 2016 was just $500; by September 2021, it had risen to over $42,340, a gain of almost 8468%. Furthermore, it has been predicted that in the coming years its price might reach over $75,000.
So if you’re thinking to invest in the long term you cant ignore BTC.
This cryptocurrency has seen exponential growth since its launch in the year 2020, its price started at $0.77. By September 2021, its price reached $128.30 with a market cap of around $20 billion, a gain of almost 16,666 %.
Solana runs on hybrid proof-of-stake and proof-of-history mechanisms which makes transactions quick and secure.
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.