No doubt Bitcoin is the most expensive and famous crypto currency in the world, but there are some other currencies that are also becoming the first choice among Indian crypto traders and investors. Before demonetization in India, cryptocurrencies were not much popular in India. After that people started investing in these crypto assets. The craze for Bitcoin and other cryptocurrencies are increasing day by day.
Many companies like CoinDCX, Zebpay, Coinbase, etc. have put their foot in the Indian market to grab new customers. These companies are providing the facilities to buy and sell crypto assets using INR (Indian Rupees) by facilitating customers to easy deposit and withdrawals using UPI, wallets, Bank Transfers. Today we are going t introduce you to these top 10 cryptocurrencies.
List of Top 10 Crypto Currencies Famous Among Indian Investors:
1. Bitcoin (BTC)
Bitcoin is the most famous and expensive cryptocurrency in the world. This currency is the first choice of all crypto investors and traders in India and across the globe. Mostly Indian people know about this digital currency because from few months it becomes more popular in news due to its increasing price. Bitcoin has already broken all previous records and has crossed the $30,000 mark.
2. Ethereum (ETH)
Ethereum is the second choice of Indian crypto investors and traders. Ethereum has increased 1200% in value since March 2020. This sharp increase in its value has made this digital currency the second choice in the Indian crypto market.
3. Bitcoin Cash (BCH)
Bitcoin Cash (BCH) is a cryptocurrency that is a fork of Bitcoin (BTC). It is the third choice among Indian investors because it is the fork of Bitcoin and its increasing price is the second reason for ist popularity.
4. Ripple (XRP)
Ripple (XRP) is a real-time gross settlement system, currency exchange, and remittance network created by Ripple Labs Inc., a US-based technology company. It is the fourth largest crypto asset in the world. In the last few weeks, its price has shown large fluctuations. This cryptocurrency is also on the top list of all crypto-asset holders and investors.
5. Litecoin (LTC)
Litecoin (LTC) is a peer-to-peer cryptocurrency and open-source software project released under the MIT/X11 license. Technically Litecoin is identical to Bitcoin. The price of Litecoin is also increasing and this coin is also available for trading in the Indian crypto market.
6. Chainlink (LINK)
Chainlink (LINK) is a decentralized oracle network that provides reliable, tamper-proof inputs and outputs for complex smart contracts on any blockchain. Chainlink is also available on Zebpay and the newly launched CoinDCX Go App for trading. The large fluctuations in the price of Chainlink is also a reason for its popularity.
7. Matic (MATIC)
MATIC Network is a scaling solution and its main aim is to address the scalability issues seen in Ethereum. This coin is also available in Indian crypto markets. Its price fluctuates between 1.20 to 3.00 (INR). This coin is also good for trading and is in the list of Indian crypto investors.
8. Tron (TRX)
TRON is a Blockchain-based decentralized operating system based on a cryptocurrency native to the system, known as TRX. This coin is available on India’s largest crypto exchange CoinDCX and Zebpay.
9. Tether (USDT)
Tether (USDT) is a controversial cryptocurrency with tokens issued by Tether Limited. It formerly claimed that each token was backed by one United States dollar, but on 14 March 2019 changed the backing to include loans to affiliate companies.
10. Basic Attention Token (BAT)
BAT is a token available on crypto exchanges and it is also a good choice for crypto investors.
I hope now you have got some idea about the top 10 Crypto Currencies popular among Indian investors. If you have any questions or suggestions on this topic, please comment below.
I am Pawan Kashyap currently living in Amritsar. I always try to grab new things from the cryptocurrency market. From my observations and trends in the market, I always try to provide the best and accurate information in the form of articles from this blog. Follow us on Facebook, Instagram, and Twitter to join us.