Best 10 Cryptocurrency
Hi gusy, welcome to Vishwagujarat. Today we Discussed about Best 10 Cryptocurrency. Cryptocurrency is the most trending topic in the 21st century. Everyone wants to know more about the currency. Many experts say it is the future of transactions. While others say, it is not a proven way for long term investment. Still, none can deny the tremendous success of cryptocurrency. Many investors make millions of dollars within a short period.
In contrast, others left broke after the investment. Crypto is indeed a volatile investment that takes more time and effort. Still, the rising future of crypto attracts millions of investors globally. These days, hundreds of investment apps are available for this digital coin. Any individual can safely spend their earnings on cryptos. However, knowing the strict regulation and science behind digital currencies is mandatory. So this guide will help you to understand the facts about cryptocurrency and also Best 10 Cryptocurrency.
What is Cryptocurrency Meaning & Works process –
Cryptocurrency means digital coins that don’t come under any central authority. So you are the only owner of your cryptos. No middle man will interface between the exchange of virtual coins. In the market, several types of cryptocurrencies are available. The most popular are Bitcoin (BTC), Ethereum (ETH), Binance Coin (BNB) etc.
Many experts say bitcoin is the original cryptocurrency first introduced in the industry. A programmer called Satoshi Nakamoto founded these decentralized currencies in 2009. Still, the report has less evidence that concludes the actual developer. So this is a mystery around the cryptocurrency since it was first introduced.
However, history says something different than we know. Many experts believe that cryptocurrency was first tracked back in the 1980s. During that period, it was called cyber currency. However, its popularity began rising when the anonymous programmer first talked about bitcoin. In short, the fact or goal behind such development is hazy.
Still, no one can deny the revolution that comes with these currencies. Crypto opens a new chapter of decentralized finance (‘DeFi’). In short, a process of transaction that authorities or the government do not regulate.
How Does It Work
All cryptocurrencies are stored under blockchain technology. Indeed, it is an information securing network that is difficult to change or hack. So all crypto transactions are stored under blockchain in a digital ledger format. As we mentioned, there is no central authority to regulate digital coins. The market price of these currencies varies on supply and demand. Your coin’s value increases when the market has peak demand rather than supply. Besides, several cryptocurrency news is also involved in growing and decreasing prices.
How To Use Cryptocurrency
Cryptocurrency works as a decentralized transaction. Owners can safely deliver coins to receivers through cryptography techniques. In simple terms, the following methods refer to secure communication methods. Indeed, it is an environment where the receiver and sender can safely exchange their cryptos. You can sell virtual coins against any physical items like dollars, products etc. Besides, You can buy cryptos from brokers or coin holders. These Days, several digital apps are available to buy and sell virtual coins. Indeed, these applications are known as cryptography wallets.
Top 5 Cryptocurrency Apps In India
A few years back, there were limited options to invest in cryptocurrency. During that period, individuals contact brokers to exchange certain digital currencies. But now things have changed completely. Today several cryptography wallets or apps are available to buy and sell digital assets. Most importantly, this software is certified and safe to use without worries. Few wallets offer more outstanding features than others. In contrast, some apps are best for cryptocurrency trading. So below, we are the top 5 Cryptocurrency Apps for trading and investing in India.
This is the most popular cryptocurrency app for trading and investing in India. You can compare this software with Zerodha for stock trading. Nischal Shetty is the founder and CEO of this cryptography wallet. WazirX also owns their cryptocurrency named WRX. Indeed, this digital coin is used for multiple transactions. Within a short period, this platform achieved more than 7.3 million users. Wazirx offers 120+ different digital currencies to invest in and trade in India. So it is easy to buy Bitcoin through this software. In the play store, wazir has over 10 million downloads. Most importantly, you can start investing in crypto as low as 100 rs.
This is another India based startup for cryptocurrency trading and investing. CoinSwitch Kuber was first launched in 2017 by three young entrepreneurs. Now they own over 10 million users in the country. Indeed, this platform also offers 100+ different cryptos for investment. The minimum deposit required is 100 rs and has an anytime withdrawal facility. Most importantly, you can own a few portions of bitcoin by referring to the app. CoinSwitch Kuber takes zero brokerage charge during your first 100 day trades.
This crypto investing app was first launched in 2014. Unlike other apps, this platform also offers multiple cryptocurrencies to invest in. The most common is bitcoin, MANA, LINK, etc. Faster BTC payment and secure transactions are their key features. ZebPay is also known for its cheapest transaction fees. First time registration in zapya helps to earn instant 100 rs cash. Besides, there is another 500 rupees cash variable for your first trade.
This platform was started in 2013, but now they have one million+ download and a 4.9-star rating in the play store. Unocoin offers 50+ different cryptocurrencies to invest in and trade. They have a faster and more secure KYC facility. Uncoin takes 0.5-0.7% fees for your crypto trading. Indeed, the interface of this application is much easier for beginners. There are several crypto coins available with high liquidity facilities.
Last but not least comes the most simple and easy to operate the crypto app for users. CoinDCX was founded in 2018 by Sumit Gupta and Neeraj Khandelwal. This platform includes 200+ different crypto coins to trade and invest in. CoinDCX has 10 million + downloads in the play store. You can start investing with a minimum of 100 rs. Users are allowed to withdraw 500-5lkh per day. Besides, you can also earn popular cryptocurrencies by referring to the application.
So above are the top 5 cryptocurrency apps in India. All these software are helpful to make investments or trading. Still, users should take proper market knowledge before spending on specific cryptos. Keep in mind that digital coins are highly volatile and carry higher risk. That’s why we suggest learning a cryptocurrency course from top online platforms. The most popular are UDEMY, Coursera, etc.
Best 10 Cryptocurrency Is Popular In The World –
Bitcoin is the first cryptocurrency people introduced. Indeed, the rising popularity of this digital coin inspired others to develop their cryptos. These days, more than 1500 virtual coins are available in the market. However, 80 of them reached a $1 billion market cap recently. Till now, no other currency touched bitcoin’s success. Indeed, BTC has over $846 billion market cap, and a single bitcoin costs $45K or 35 lakh. According to the report, more than 100 new currencies are listed on the web daily. So you can imagine the popularity of these virtual coins. Below we give you the top 10 most popular cryptocurrencies to invest in.
This is the most popular cryptocurrency, with an $846 billion market cap. An anonymous developer-first introduced this coin in 2009. Since then, the popularity of this coin has been continuously rising in the market. This is a household name that is mainly used for digital transactions. A Chinese company (ONE) owned the highest bitcoin. An estimate says the count of this holding is maybe 14000 BTC which is 0.667% of the total BTC supply.
This is the second most popular crypto coin in the market. Indeed, a 21-year-old programmer named Vitalik Buterin developed this digital currency. Ethereum (ETH) has a market cap of $361 billion. Single ETH coin costs around 2L to 2.5L in the current market. The report says, approx 10 million users own Ethereum, with an estimated value of 118.9 million.
Binance Coin (BNB)
This is the third-largest cryptocurrency in the world. Binance exchange is the original developer of this digital currency. They also run a crypto wallet app to buy and sell hundreds of other cryptos. Indeed, this coin is primarily used for trading at a discount. Several global companies accept this coin exchange of products and services. The market cap of this digital currency is $68 billion.
This is among the most quickly famous cryptocurrency in the world. Billy Markus and Jackson Palmer are the founders of this digital token. Dogecoin (DOGE) is also known as “memnecoin” due to its famous dog avatar Shiba Inu. Indeed, this digital currency was first designed in 2013. Last year the price of this coin increased at a skyrocketing speed. Behind this increment, top companies play an essential role. Indeed, Dogecoin (DOGE) is also accepted by major global companies like Dallas Mavericks, Kronos, and speceX. The current market cap of this currency reaches approx $20 billion. A single DOGE coin costs 11.54rs in India.
Co-founder of ETH developed Cardano (ADA) digital coin in 2015. Within a short period, this coin gained good popularity in the market. The current day this digital currency has a $33 billion market cap. One ADA token costs approx 70 rs in Indian cash. Binance, Woo Network, Digifinex, Coinbase Exchange etc are popular companies that accept this digital coin.
Another co-founder of ETH named Gavin Wood developed Polkadot (DOT) in 2016. This crypto coin has a market cap of $17.4 billion in the current year. Indeed, this decentralized blockchain platform allows the spread out of a transaction between permissioned and permissionless blockchains.
Bitcoin Cash (BCH)
Roger Ver is the CEO of Bitcoin Cash (BCH). Indeed, this coin has many similarities with bitcoin. This digital coin has a market cap of 5.5 billion dollars. However, there are many debates about the BCH developers and miners. Still, it is a good investment due to this coin’s popularity. Within two years, BCH reached 28th rank based on market capitalization.
In 2011, a successful entrepreneur named Charlie Lee developed litecoin (LTC). Indeed, the market cap of this digital coin is estimated at $7.4 billion. Single BITcoin charges around 9000 rs in Indian currency. Many retailers or merchants accept this digital coin these days.
This is the most popular blockchain network service for the institutional enterprise. Stellar (XLM) solves the delays due to massive transactions from large companies. Ripple protocol developer Jed McCaleb founded this cryptocurrency in 2014. Indeed, the market cap of this coin is $10.28 Billion. 18.27rs is the current price of a single XLM coin.
This is the most popular and safest digital currency worldwide. Indeed, Tether (USDT) prices fluctuate based on the US dollar rate. The following crypto is known as stablecoin, which has less volatility. Three entrepreneurs founded tether in October 2004. This development focused on smooth price fluctuation to attract less aggressive investors. The market cap of this coin recently touched $79 billion. A single USDT coin costs 76rs in Indian currency.
Best 10 Cryptocurrency Review To Invest In India –
The trend of digital currency is continuously rising daily. More than 100 new cryptos are listed on the internet. Elon Musk, Jack Dorsey, Dinesh Karthik etc celebs start investing in digital coins. Due to its popularity, every commoner wants to spend on crypto for a profit. However, there are several virtual coins available to invest in. Still, experts suggest taking proper knowledge before spending on these tokens. Indeed, cryptocurrency has higher volatility than any other investment. A slight mistake can end up getting significant losses for you. So select only potential cryptos with a bright future, but don’t worry. Below we review the top Best 10 cryptocurrencies to invest.
The price of this cryptocurrency increased by 13000% within two years. Indeed the market cap of this crypto reaches over $33 billion. Most importantly, Solana is a newly developed digital coin first launched in 2020. SOL is designed to conduct faster and safer decentralized transactions. Besides, you can also create decentralized apps and perform intelligent contracts with this platform. Indeed, the platform charges much lesser transaction fees than others. Prediction says this cryptocurrency’s price can reach $3000 within ten years. The current price of Solana (SOL) moves around $200 – $259.03. Indeed, the potential of this crypto is enormous for the upcoming future.
Maker ( MKR )
This is another best cryptocurrency to invest in India. Rune Christensen is the founder of Maker (MKR). Indeed, this is a decentralized finance lending platform for users. Moreover, Maker is developed in the Ethereum network. MKR primarily used secure ETH coins under a smart contract. Besides, you can also lend assets to others with the help of MKR tokens. As per the agreement, you get interested whenever the ETH price increases. In simple terms, Maker is a platform to lock your ETH coin into a secure protocol.
We previously discussed the Cardano (ADA) coin in the above section. So you already know the popularity of this digital coin. Indeed, Cardano is a public blockchain platform to conduct peer to peer transactions. The following platform primarily focused on data management and tracking. ADA is their negative digital token or currency. Many experts believe Cardano coins are the most active digital assets in the industry. Several top companies accept this digital coin for specific products & services. Prediction says Cardano coins have a bright future in this field. Currently, the price of a single coin is 90 Rs. However, the value can go up to $3350 by 2025.
This is the second most popular and market capitalized digital currency globally. Ethereum (ETH) platform is best known for open-source blockchain facilities and intelligent contracts. Indeed, the ether platform lets you build decentralized currencies, apps, and contracts. Ethereum is the platform, and their native digital coin is called ETH. Currently, a single Ethereum costs around $4000, but the prediction sounds more satisfying. Many experts conclude the following success of ETH coins can drive their value up to $15000/ETH by 2030.
Ava Lab is the Founder of this digital currency. Recently, Avalanche (AVAX) market capitalization reached 25.8 billion. A single AVAX coin costs around $73.55 in the market. Indeed, Avalanche is a blockchain platform with three secure and potent chain formats. It helps to operate digital transactions faster than other platforms. High performance, fast transactions, and a safe environment are this software’s features. AVAX is their native cryptocurrency coin for buyers. Expert Prediction says the price of Avalanche can go up to $659/coin within five years.
This is another popular blockchain platform that has a unique protocol design. Polkadot connects multiple chains and creates secure parallel blockchains to provide efficient data transfer. Ethereum co-founder Gavin Wood developed this Cryptocurrency. The current market capitalization of Polkadot reaches Over $22 billion. A single DOT coin can charge 1749.75rs in Indian currency. Unlike other cryptos, Polkadot does not include any limitation for mining or supply. In October 2017, a single DOT coin cost $0.29, but now it is more than $20.
This Cryptocurrency has Over 34 billion dollar market cap and 8th rank globally. Terra is a blockchain platform for certain currencies. Indeed, users can exchange Terra-based stable coins through this platform. In January 2018, developer Do Kwon created this virtual coin. The Founder wants to design a secure and efficient transaction platform. Terra perfectly fits that commitment due to its simple blockchain payment facility. One year back, a single LUNA coin price was $0.64. In March 2022, this Cryptocurrency will give a 14,200% return by reaching $92/coin price.
The founders of the Ripple Payment protocol created this digital coin, XRP. This crypto has a market cap of over $37 billion. XRP is primarily used to exchange multiple digital and physical currencies. For that, you can use Ripple Payment software or other cryptography wallets. Starting in 2017, a single XRP coin was $0.006, But now this price has reached $0.80. By calculating the return, investors make 12,600%. Profit within four years. Future Prediction says the value of this Cryptocurrency can go up to $8 by 2025.
This is the most popular blockchain platform with multiple intelligent contracts. Chainlink (LINK) connects external sources to track and store data, transactions etc. Indeed, this platform was built in the Ethereum network in 2017. LINK is their native crypto coin to exchange against services. The market cap of this digital coin reaches over $8 billion. In 2022, a single LINK coin cost around 1,340 Rs.
This is an NFT related cryptocurrency in the market. Owners can buy and sell multiple blockchain games with this coin. In 2009, two developers named Maxim Blagov and Witek Radomski created this digital currency. A single ENJ coin costs $1.90 today. Expert Prediction says this coin’s value can go up to $12.3 by 2026.
Is it safe to buy Cryptocurrency?
Undoubtedly, Cryptocurrency is the riskiest investment due to its volatility. Still, many investors can’t deny the high reward potential of digital coins. So before buying crypto, you should have good market knowledge.
Is crypto different from Bitcoin?
Crypto refers to digital coins or currencies. Bitcoin, Ethereum (ETH), U.S. Dollar Coin (USDC), etc., are different types of cryptos.
Is Cryptocurrency Legal?
According to the Indian finance minister, applying the tax on crypto doesn’t mean it is legal. Still, many netizens are involved in crypto trading and investing.
How does Cryptocurrency make money?
In several ways, you can make money from cryptos. The most popular are crypto trading, investing and mining.
Can crypto make you rich?
Several crypto traders make millions by investing in these digital coins. Still, it is a high risk and reward method that takes lots of effort and time.
So above are the detailed guides about Cryptocurrency, its work and investment. Remember, individuals own digital assets. There is no central authority to operate the cryptos. For buying and selling, investors carry cryptography wallets. In short, apps allow the exchange of multiple digital coins on a single platform. So go and start investing in crypto after gathering the knowledge of best 10 cryptocurrency.