Top 10 Cryptocurrencies In India That Every Indian Should Know About
There are over 6,500 Cryptocurrencies in the world. Today, we present to you the list of top 10 Cryptocurrencies in India that every Indian should know about.
Top 10 Cryptocurrencies in India
Bitcoin is one of the most popular Cryptocurrencies in India. The market cap of BTC is over $846 billion. It runs on a blockchain or a ledger logging transactions distributed across a network of thousands of computers. It was created in 2009 by someone under the pseudonym Satoshi Nakamoto. From 2016 to 2022, BTC grew by 7,800%.
The market cap of ETH is over $361 billion. ETH has experienced tremendous growth over the past few years. From 2016 to 2022, ETH grew by 27,000%. ETH is what you need to take part in high-value trades including non-fungible tokens (NFT).
Tether is a ‘stable coin’ which is used to buy and sell other cryptocurrencies. The market cap of USDT is over $79 billion. It is backed by fiat currencies like U.S. dollars and the Euro.
Binance Coin (BNB)
The Binance Coin is used to trade and pay fees on Binance, one of the largest crypto exchanges in the world. The market cap of BNB is over $68 billion. BNB was launched in 2017. From 2017 to 2022, BNB grew by 410,000%.
The market cap of XRP (XRP) is over $37 billion. You can use XRP either for transactions or as an investment. It can be used on the Ripple network to facilitate exchanges of different currency types. From 2017 to 2022, XRP grew by 12,600%.
Terra is a blockchain payment platform for stablecoins. The market cap of Terra is over $34 billion. You can purchase LUNA via Binance and then store it or stake it.
The market cap of ADA is over $33 billion. Cardano claims to be more friendly to the environment than other currencies. Its main applications are in identity management and traceability. From 2017 to 2022, ADA grew by 4,850%.
The market cap of SOL is over $33 billion. It was launched in 2020 to help power decentralised finance (DeFi) uses, decentralised apps (DApps) and smart contracts. From 2020 to 2022, SOL grew by nearly 13,000%.
DOT is a unique blockchain interoperability protocol designed to connect different chains. The market cap of DOT is over $22 billion. The unique feature of DOT is that it has no hard limit on its total supply.
The market cap of Litecoin (LTC) is over $9 billion. It was created by former crypto exchange Coinbase software engineer Charlie Lee. It can be used as an avenue for paying people around the world without a mediator.
These are the top 10 Cryptocurrencies in India. What do you think about cryptocurrency? Share your views in the comment section below.