Five Best Cryptocurrencies To Invest In India

The global crypto market has reached an all-time-time high when it hit the coveted $3 trillion mark this month. The total value of cryptocurrencies has far exceeded the GDP of many nations and has reinforced investors' trust in the potential of blockchain technology. From Bitcoin to Litecoin and Ethereum to Dash, this magical internet money has attracted the interest of the professional class and has also drawn the attention of various new breeds of investors. So, if you are looking to enter the cryptoverse, here we are listing the top five cryptocurrencies of 2021. 

Bitcoin

Announced in 2008 and launched in 2009 under the pseudonym "Satoshi Nakamoto", Bitcoin has become one of the most popular coins in the cryptocurrency space. As of November 2021, the combined worth of Bitcoin is more than $1 trillion, on par with some of the most valuable companies in the world, such as Tesla and Facebook's parent company, Meta. According to Casebitcoin, an online platform that tracks cryptocurrencies' progress through data and charts, Bitcoin has given 5,200,000% returns to its investors over the last 10 years, making it a worthy asset to add and keep in your investment portfolio for a very long time. 

Ethereum 

If Bitcoin is gold, then Ethereum is silver. One of the largest alternative cryptocurrencies in the world right now, Ethereum has a market cap of more than $500 billion. It debuted in 2015 at less than $3 and soared to more than $1,400 by 2018. At the time of writing this report, Ethereum is trading at more than $4,000. 

Founded in 2015 by Vitalik Buterin, a Canadian-Russian programmer, Ethereum has attracted many investors because it not only has the potential to bring in more rewards but it also can bring blockchain to the masses. 

Dogecoin

Dogecoin was introduced by two software engineers, Jackson Palmer and Billy Markus. The idea was to make it a fun and friendly peer-to-peer digital currency that would appeal to the masses. In 2014, Dogecoin was traded more than Bitcoin, and it's no wonder Elon Musk sees it as a possible medium of exchange.

Over the past few years, Dogecoin market capitalization has shown extraordinary growth, reaching $32 billion in less than a decade. To illustrate its prominence, billionaire entrepreneur Mark Cuban last month pitched Dogecoin as the preferred cryptocurrency over its more powerful rivals, like Bitcoin. 

Cardano (ADA)

Created by Charles Hoskinson, co-founder of Ethereum, Cardano is touted as the next Bitcoin. It is a blockchain network featuring its own coin called 'ADA'. It can handle smart contracts and securely store information.

One of the most striking features of Cardano is its eco-friendly profile. This crypto uses the equivalent of two power plants in energy per year. That may seem like a lot, but it's actually very little compared to crypto leader Bitcoin. Another advantage is its transaction speed. Cardano can process 250 transactions per second and is working on increasing it further. These are some reasons we have seen increased mainstream adoption of Cardano in recent times. To know more

Polygon (Matic)

Originally called 'Matic Network', Polygon was created in India in 2018 by experienced Ethereum developers Jaynati Kanani, Sandeep Nailwal, Anurag Arjun, and Mihalo Bjelic. Polygon is built on the vision of a platform home to various decentralized applications, where you can join virtual worlds, play games, buy arts, and participate in financial services. This cryptocurrency has become the preferred choice of blockchain games and will only gain more prominence with the launch of high-tech games in the future. To know more

Cryptocurrency is becoming increasingly popular among investors, not only for short-term profits but also as a means for long-term investments.