;

Top 10 Best-rated Cryptocurrencies to Invest in India

Thursday May 26, 2022

LendenX

When you’re first getting started in the world of crypto, it can be extremely overwhelming to look at the thousands of different cryptocurrencies available. There are more than 8,000 projects under development and 90% of them will never succeed! To help get your bearings when researching which coins to invest in (or just want some insight about blockchains in general), we have rounded up the top best-rated 10 cryptocurrencies based on their market cap and the total value of all of the coins currently in circulation.

1. Bitcoin (BTC)
Market cap: Over $846 billion

Bitcoin was conceived of by a person or group of people under the pseudonym Satoshi Nakamoto in 2009. As with most cryptocurrencies, Bitcoin runs on a blockchain, which is a registry kept secure and safe from fraudsters through cryptography and computer processes. The reason it is so safe and secure is that everything has to be verified. This is where mining comes in. Mining is an energy-intensive process that adds new transactions to the Bitcoin blockchain or ledger. Because of this verification process, there is a cap on the total number of Bitcoins that will be available – and there’s an ever decreasing amount being produced as we speak – because all things have to be verified by solving a cryptographic puzzle through mining before anything can be added onto the blockchain/ledger.

2. Ethereum (ETH)
Market cap: Over $361 billion

Ethereum is a platform that helped developers launch their own Initial Coin Offering (ICO). The smart contracts system allows you to create, transact and enforce the rules in your tokenized ecosystem. It’s also handy when it comes to making transactions more safe and secure, especially when you want all the parties involved to stay anonymous.

3. Tether (USDT)
Market cap: Over $79 billion

Unlike other forms of cryptocurrency, Tether is a stablecoin, meaning it’s backed by the value of real-world assets. One U.S. dollar is worth one unit of Tether, according to the company’s website, which would theoretically make its value more consistent than other cryptocurrencies, making it preferred by investors who don’t want to go through wild changes in value when they invest due to market conditions.

4. Binance Coin (BNB)
Market cap: Over $68 billion

The Binance coin is a cryptocurrency that can be used on Binance’s exchange platform. It was launched in 2017 and since then has served to facilitate trades on its platform as well as act as a tool for paying fees to use their service. It offers not only the convenience that crypto offers but also the perks such as no exposure to fraud, added security, and reduction of payment risks related to accepting cash or credit cards. Users would simply toggle between fiat currencies and cryptocurrencies for trading purposes.

5. XRP (XRP)
Market cap: Over $37 billion

XRP was created by Jed McCaleb, one of Ripple’s founders. Ripple is a payment processing company. The XRP currency can be used on this network to facilitate exchanges with other currencies, including fiat and major cryptocurrencies like bitcoin.

6. TRON
Market cap: $7,609,866,391

Tron aims to create a decentralized entertainment world; one where the platform’s TRX currency is used by every stakeholder, directly. The direct transactions and distributed file sharing allowed by blockchain technology are expected to make content cheaper for consumers and creators alike.

7. Cardano (ADA)
Market cap: Over $33 billion

Amid an environment of uncertainty and with investors of cryptocurrency looking for more sustainable coins to support, Cardano has found success by offering its proof-of-stake method. This system allows transactions to clear much faster because instead of using elaborate algorithms as part of a competitive system designed to solve problems, transactions are instead confirmed by those who have a stake or investment in whatever is being purchased. By lowering the entry barriers and moderating transactions on the network, Cardano makes ADA, the native token within this ecosystem, more attractive as a store of value.

8. Solana (SOL)
Market cap: Over $33 billion

Solana, a project that aims to solve blockchain’s scalability issue, launched its token in August of 2019 and is estimated to have a market cap value of $778 million by late January 2022. Since it was first created, the price has increased from $0.77 to around $101 over the past two years and is projected to reach as much as $1,600 by 2022.

9. Polkadot (DOT)
Market Cap: Over $22 billion

Polkadot has taken a lot of inspiration from the likes of Ethereum. It strives to become a blockchain ecosystem that allows users to move their intelligent contracts from one platform to another. Parties will be able to work together within Polkadot’s large-scale environment, while they can also keep their applications small and quick.

10. Litecoin (LTC)
Market Cap: Over $9 billion

Litecoin (LTC), a blockchain-based cryptocurrency project launched in 2011, was created by Coinbase software engineer Charlie Lee. It had similarities with Bitcoin but its transaction confirmation times were faster. LTC could be used for making transactions around the globe without third-party involvement.

Related Stories

A Quick Overview of USDD

One stablecoin, USDD, which is relatively new and untested, has slowly been gaining popularity over another stablecoin called UST. Introduced in April...

Read More

4 Things to Know about LUNA 2.0

A week has already passed since the beginning of the Luna 2.0 launch, during which time the Terra ecosystem has seen several exciting events occur in ...

Read More

Price Prediction of LUNA 2.0

Introduction LUNAs 2.0 or “LUNA 2.0” is the recently launched digital currency that is set to usher in a new era of the crypto trading market. LUN...

Read More

Top Currencies