Speaking about cryptography, it is a similar concept to digital currency, but in a decentralized manner, meaning that no server is involved to process transactions and no central authority controls it.
Cryptocurrency, a digital type of currency, is used in transactions and trade. Unlike paper currency, cryptocurrency is not physical.
For this reason since cryptocurrency is a decentralized type of money, it cannot be regulated by any government or group of governments.
Top 5 Cryptocurrencies to Invest in India 2022 :
1. Bitcoin (BTC)
According to the Bitcoin India review, Bitcoin has always been on top, maintaining its position in the crypto space. It is by far the oldest and most popular cryptocurrency, which has the highest demand among cryptocurrencies worldwide. Since the supply of bitcoin is scarce with 21 million of which only about three million are left in miners, it is considered an asset for bitcoin investment in India. Of all the cryptocurrencies, in general, most people know about bitcoin, although they are not completely into it. Globally, BTC has the highest adoption rate as compared to others. Experts have said that in 2022, this is the best cryptocurrency to invest with just Rs. 100.
2. Ethereum (ETH)
After Bitcoin, Ethereum is touted as the second largest cryptocurrency and is one of the promising long-term ones available in the market. Founded in 2017, Ethereum has become a popular choice among business people as it integrates smart contract protocols into its blockchain. Ethereum is showing signs of volatility higher and it is touching the near $200 mark. For 2022 in India, it is claimed to be one of the best cryptocurrencies.
3. Ripple (XRP)
The third largest cryptocurrency that is in great demand by Indian users is Ripple (XRP). For banking and financial institutions, XRP is the best choice for the go-to blockchain.
In the future, XRP could be used as an intermediary for faster transaction-processing times and cross-border partnerships. It also holds great potential for future achievements, hence, XRP could be fruitful for return on investment, according to Crypto News India.
4. Light Coin (LTC)
The world’s first open-source P2P altcoin that has maintained its positional stability by market capitalization is Litecoin.
An offshoot of Bitcoin, Litecoin is claimed to be the seventh largest cryptocurrency in the world. It enables almost zero, instant cost payments to people in the world. It is the most preferred cryptocurrency by users in India due to its superior storage capacity and quick transaction confirmation times.
5. Binance Coin (BNB)
Binance is said to be one of the world’s leading cryptocurrency exchanges, which also owns the popular coin known as Binance Coin (BNB). BNB belongs to the top 10 cryptocurrencies in the world by market cap. It has high liquidity along with being one of the assets to get better at cryptocurrency trading. In the long run, BNB offers great potential as it continues to grow in times of turmoil, too.