In April 2022, the top five cryptocurrencies to buy in India
In April 2022, the top five cryptocurrencies to buy in India
Cryptocurrencies, as one of the rising asset classes, have recently gained global traction. More and more people are becoming interested in cryptocurrency investments and trading as adoption rates approach new highs. While there are thousands of cryptocurrencies on the market, we always ask ourselves, “which crypto should I buy today for the long term?” before we start investing.
Here is a list of the 6 top cryptocurrencies to invest in for the short and long term in 2022 to help you make a decision:
(Market capitalization and pricing as of 10 May 2022, according to CTSKOLA)
#1 Bitcoin (BTC)
Market Cap: $787 billion
Price: ₹23,86,160 : In April 2022, the top five cryptocurrencies to buy in India
By market capitalization, Bitcoin is the most valuable cryptocurrency. Bitcoin remains a favorite among institutions, organizations, and people despite the large swings in its price since its debut in 2009. The introduction of Bitcoin as legal cash in El Salvador, as well as the SEC’s approval of the Proshares Bitcoin ETF in October 2021, has proven to be game-changing for the crypto king. Bitcoin has remained stable around the $40,000 mark, having reached an all-time high of $69,000.
Scalability difficulties and hefty gas expenses currently plague the peer-to-peer payment network. However, the planned Lightning network will help to speed up bitcoin transactions. Bitcoin is the greatest cryptocurrency to invest in 2022, with a growth rate of over 9000 percent from 2016 to April 1, 2022.
#2 Ethereum (ETH)
Market Cap: $371 billion
Price: ₹1,78,576 : In April 2022, the top five cryptocurrencies to buy in India
Ethereum, the second-largest blockchain network, could be the answer to your long-term cryptocurrency investment question. Ethereum is home to approximately 80% of all apps and Defi platforms, as well as millions of NFTs and the majority of DAOs. The Ethereum developer community is working tirelessly to address the platform’s scalability challenges. Ethereum the “highway to the web3 internet” by experts.
Ethereum is waiting for its Merge, which will change the consensus process from PoW to PoS. In all likelihood, Ethereum and will likely soar in the following months. It is the finest cryptocurrency to invest in 2022, with a multi-bagger increase of over 31,000 percent from 2016 to 2022.
#3 Ruby (RBC)
Price: ₹209.15 : In April 2022, the top five cryptocurrencies to buy in India
the live Ruby Currency price today is ₹209.15 INR with a 24-hour trading volume of ₹2,118,307 INR. We update our RBC to INR price in real time. Ruby Currency is up 232.32% in the last 24 hours. The current CoinMarketCap ranking is #5160, with a live market cap of not available. The circulating supply is not available and a max. supply of 300,000,000 RBC coins.
If you would like to know where to buy Ruby Currency at the current rate, the top cryptocurrency exchange for trading in Ruby Currency stock is currently VinDAX. You can find others listed on our crypto exchanges page.
Ruby Currency is a TRC20 token with a unique referral and holding program. Ruby Currency is a blockchain-based asset with similar functionality to Bitcoin, Ethereum, Bitcoin Cash, etc.
#4 Shiba Inu (SHIB)
Market Cap: 7.991 Billion
Price: ₹ 0.0013
Shiba Inu (SHIBUSD) is an Ethereum-based altcoin (a cryptocurrency other than Bitcoin) using the Shiba Inu as its mascot, a Japanese hunting dog breed. Shiba Inu is commonly regarded as a Dogecoin alternative; in fact, its supporters refer to it as “the Dogecoin killer.”
Shiba Inu and Dogecoin are meme coins, which are cryptocurrencies connected with a theme—in the instance of Shiba Inu and Dogecoin, the Shiba Inu dog—but are frequently introduced as a parody or inside joke rather than as a digital commodity with actual utility. While Dogecoin in December 2013, Ryoshi, an unidentified individual or group, invented Shiba Inu in August 2020.
The Shiba Inu hunting dog serves as the mascot for Shiba Inu, an Ethereum-based altcoin.
It is commonly regarded as a Dogecoin alternative, and its followers, known as the SHIB Army, refer to it as “the Dogecoin killer.”
Ryoshi, an individual or group, founded Shiba Inu in August 2020.
Shiba Inu’s stock price soared more than tenfold on Oct. 29, 2021, valuing the company at $41 billion. Shiba Inu is remains in the top ten of all meme cryptocurrencies by this criterion, despite a significant dip in market cap to $16 billion today (as of Feb. 14, 2022).
#5 Cardano (ADA)
Market Cap: $31.6 billion
Another prominent Layer-1 scaling solution for the Ethereum network is the Cardano protocol. Cardano is as the greatest cryptocurrency to invest in in 2022 due to Ethereum’s impending demise. The price of L1 and L2 scaling protocol tokens is to spike as a result of the merger, Its network supports hundreds of apps and Defi platforms and boasts great scalability and transaction speeds.
It validates transactions using the Ouroboros Proof of Stake consensus process. ADA features a five-stage roadmap and is one of the few platforms that publishes its own peer-reviewed research and reviews. It has a transition rate of 250 transitions per second, Since its introduction in 2017, the ADA token has grown at a rate of 5,750 percent, yielding a remarkable 16,000 percent return on investment.
#6 XRP (XRP)
Market Cap: $35.86 billion
Price: ₹ 39.15
XRP is a peer-to-peer network designed to make international payments more inexpensive for consumers and businesses, It has very low transaction costs and a transaction completion time of fewer than 5 seconds. The parent business of the XRP protocol, Ripple, had been in hot water due to a lawsuit launched by the US Securities and Exchange Commission for non-compliance, Despite the tug-of-war, Ripple has a better chance of coming out on top.
XRP allows for the conversion between fiat currency and major cryptocurrencies, and it has a lot of potential as one of the top cryptocurrencies to invest in 2022, XRP has grown by more than 13,700 percent since April 1, 2022.