Cryptocurrencies have taken over the world, and everyone’s been getting into the trading process. Nowadays, you can easily get into this business and start investing in one of your favorite cryptos on the market, as long as you have a basic knowledge of the topic. Wondering what are some of the most popular cryptocurrencies around the world and at the moment, especially in India? If so, keep on reading since we will cover most of them down below!
10 Most Popular New Cryptocurrencies in India in 2022
Ethereum is one of the most famous cryptos that has been used more & more in India recently. Compared to Bitcoin, Ethereum has more coins in circulation, which is about 900,000. This crytpo works on a decentralized software platform while having inbuilt smart contracts & decentralized applications. Most people enjoy it since it can be built and operated without any time flag.
Tether’s value is pegged to the US dollar, in case you didn’t know. This means that Tether is backed by an equal amount of conventional money. This money is stored and used in banks with currencies like dollar-euro, or yen. Tether, for instance, sells its coins for $1 and promises to redeem them for $1 if customers want their money back. There are dozens of stablecoins in use, with a combined market value that topped $100 billion.
One of the most reliable altcoins in the market. Oftentimes you will find it on the top page and among the top 5 cryptocurrencies of all time with any source & trustworthy sites. The founder of this crypto called Charles Hoskinson was also one of the five co-founders of Ethereum, which gave him a lot more freedom to get this system properly set up and with minimal flaws. He has establishes a market capitalization of $9.8 billion and each coin trades at $0.39.
Although it is not new crypto, it is definitely one of the most talked-about & famous currencies to this day. We had to include it in this list since it is very well-loved & used in India on a daily by thousands of people. BTC, the first crypto-ever, has a high value and remains powerful. In Indian Rupee, the cost of one BTC has never come below Rs 35 lakhs, and it’s been volatile up to 56 lakh. There can be no more than 21 million bitcoins created, and people are eager and are trying to get to the last few.
5. Binance Coin
Backed by one of the most popular cryptocurrency exchanges Binance, Binance Coin is one of the most used cryptos globally. The digital currency, which trades using the ticker symbol BNB, climbed to $467.89. Binance had backed $32 billion in seed round for a stable coin named Terra. Terra is created by Korean entrepreneur Danial Shin. It is banned in some US states while being used in India regularly & gaining popularity massively.
A well-known & popular meme-coin has reached all of its full potential and glory thanks to Elon Musk. It was created years back, but it is fun due to its characteristics that there are 10,000 new coins out in the market each minute of every hour! However, due to their abundance, everyone can pick them up, but it may take time for you to gain fortune. Most investors wonder if this crypto will reach $1 in price, so heads up if you’re not a patient investor.
XRP is a currency by Ripple. One of the original blockchain startups, Ripple is not decentralized, and most experts would rank it highly, placing it in the top 10 best in the world. Ripple has almost limitless scalability. This is part of what makes ripple a great investment. Currently, XRP handles 1,500 transactions per second. It is not a decentralized value in the same way as bitcoin is, while all of its transactions are in open source code. Heads up since there is only 45 percent of the total 100,000,000 XRP coins in circulation.
8. USD Coin
USD Coin is a stable coin which means investors can redeem US$1 for one crypto coin. Most people would describe this crypto as a risk-free option. It was launched on September 26, 2018, in collaboration between Circle and Coinbase. It is also the largest regulated stablecoin in the world. Stablecoins like USDC are commonly used for simpler acquiring, as well as your convenient online shopping for sites that only accept cryptos.
Polkadot has been around since 2022 and has made an impact thus far. The main feature is its scalability and easy-to-upgrade feature. You can transfer your data across one network while also helping multiple chains to be functional within one single network. To connect all chains, Polkadot is a heterogeneous multichain. It means the platform is a base layer for building other chains.
Lastly, Uniswap is one of the most talked-about cryptocurrencies of 2022. The Uniswap exchange is an automated market maker. To have enough funds in its liquidity pools, Uniswap rewards users who lend their own crypto. You can choose the “Add liquidity” option to lend cryptos. It runs on the Ethereum blockchain, which is why people trust it already as much. This is a high-risk investment with a lot of potential and room to grow, making it proper & useable for experts within this field.
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