Cryptocurrencies have been popularly growing every day. Over time, it has gone beyond being a source for buying and holding. Whether it be Bitcoin, Ethereum, or Ripple's XRP, these top cryptocurrencies are being slowly accepted as payment on online 'bridge' services like shopping.io, which enables purchases from sites such as Amazon or eBay. Cryptocurrencies are based on blockchain technology, which is a cryptographically secured ledger of all the transactions that are conducted. For this reason, people are excited to invest in something that permits decentralized, trusted transactions even when not controlled by a bank or a country. And most of the Indians are also looking towards cryptos as a potential currency. This article lists the top 10 cryptocurrencies to buy and hold in India this Feb.
Price Today: INR 10.37
Dogecoin is the first meme cryptocurrency started with a joke that trended on the internet a long time back. After keeping a position of safety for some since its commencement in 2013, Dogecoin showed potential in 2020 when it was acknowledged as a payment model among sports teams and entered the AMC theaters. In addition, enormous names like Elon Musk and Mark Cuban prefer Dogecoin over other cryptocurrencies. A single tweet from them could make the DOGE price go berserk.
Price Today: INR 1,99,201
Another most valuable cryptocurrency in the world, the Ether token is based upon the Ethereum blockchain and has become a cornerstone of the cryptocurrency world. Simply put, if today Bitcoin is gold, then Ether is silver. Ethereum introduced innovations to blockchain security and usage, with its 'smart contracts' becoming a platform for other applications.
Price Today: INR 77.78
Cardano is a platform that is capable of running financial applications currently used every day by individuals, organizations, and governments from across the globe. Besides, the eco-friendly and transparent nature of Cardano makes it the perfect alternative for bitcoin. Cardano has also proved its potential as one of the best cryptocurrencies for Indian investors to buy in 2022.
Price Today: INR 0.00154498285
The final entrant in the list is Shiba Inu. This meme-based cryptocurrency has overtaken its long-stood rival dogecoin in the past month with an 800% price gain. Although market experts are not sure about its fluctuations as SHIB was launched in 2020, its currency performance in the market has outperformed many top cryptocurrencies.
Price Today: INR 0.08408521008
Lucky Block is a new and exciting cryptocurrency project that is bringing blockchain technology to the multi-billion dollar lottery sector. It allows players from all over the world will be able to access Lucky Block lotteries in a safe and transparent way. This project has everything needed to become the best new cryptocurrency to buy in 2022. Crucially, although the token has only been trading on Pancakeswap for a week, the value of Lucky Block is already up over 1,000%.
Price Today: INR 27,412.65
Binance was launched in 2017 and in a very short period of time, it has emerged as one of the most adopted crypto exchanges in the world. Numbers suggest that Binance records the most daily activity of any crypto exchange and provides a plethora of features. Binance offers an extraordinary set of toolkits for investors. It provides custom API keys and custom-charting for investors. Besides, investors can pull in-depth data available on the Binance platform to perform analysis.
Price Today: INR 29.9
The Graph is the protocol for indexing and querying data from blockchains, starting with Ethereum. The Graph decentralizes the query and the API layer of Web3. Developers can now leverage its benefits by building and publishing open APIs, which are known as subgraphs. The Graph is an Ethereum (ERC-20) token that powers the Graph. The graph protocol uses its native token GRT to carry out work. Indexers who are the node operators earn by GRT by indexing queries on the platform.
Price Today: INR 45.09
XRP is one of the shiniest tokens sitting at the top of the altcoin pyramid and has shown an increase of 377% all around the year. Even though it is one of the few tokens that has seen massive growth rates, investors have high hopes for this crypto's future.
Price Today: INR 74.87
Tether was brought into the world as the brainchild of individuals who felt that the cryptocurrency market was extremely unpredictable and agitating. As the premier stable coin, the Tether is fixed to the US dollar and encounters fewer vacillations contrasted with bitcoin. This alone makes the cryptocurrency the best alternative for bitcoin. Launched in 2014, tether allows users to experience the blockchain network while also encrypting their investments against major price surges and falls.
Price Today: INR 7,346.5
Solana(SOL) is fundamentally the most popular cryptocurrency. Solana network is focusing on fast transactions and high throughput. Solana is working on a unique mechanism that is helping in transaction speed. Solana is known as one of the competitors of Ethereum with the capability of processing over 50,000 transactions per second. It is also known for offering smart contracts to crypto wallets.
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Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.