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Despite the market volatility, crypto assets have proven to be good investments over the years. So which is the best crypto to invest in today? From Ethereum and Bitcoin to Solana and Ripple (XRP), there are thousands of different cryptos in the market. Some cryptos are new, others are in a downtrend. You could say that now is the best time to invest in crypto as they are all undervalued currently but one has to do their due diligence before arriving at any conclusion.
This article has listed eight top cryptos based on their total circulation, market capitalization, use cases, and others to help you get your bearings if you are new to the crypto world.
Bitcoin:
Satoshi Nakamoto created Bitcoin in 2009. Bitcoin was the first crypto introduced to the market. Bitcoin runs on blockchain technology like most cryptos. It is safe and secure against scammers as new blocks are verified by solving complex mathematical puzzles, this process is known as proof-of-work.
BTC has been the most popular and best crypto to invest in India. Bitcoin makes up over 45% of the total crypto market cap and is treated as digital gold. Its underlying technology promotes continuous development and increasing value.
Ethereum:
Ethereum is the second largest crypto by market cap. ETH is an open-source and decentralized blockchain that has its token, Ether. Other cryptos can operate on the Ethereum platform. One of its top applications is the execution of smart contracts.
ETH price has decreased due to the recent bear market but is likely to grow tremendously in 2022 and 2023 according to crypto enthusiasts. Also, the Ethereum network has recently undergone the Merge upgrade. Ethereum has transitioned to a proof of stake consensus model, making the blockchain hyperefficient. This transition could come as salvation for ETH and help in increasing its market cap and its value. Buy Ethereum (ETH) with INR on ZebPay.
Solana:
Solana is one of the best-performing cryptos over the years. It is an open-source project running on blockchain technology. Solana is designed to help with creating decentralized apps, or dApps. Solana has been considered the biggest competitor to Ethereum since its launch in 2019. It drew comparisons to ETH because of its high-speed transactions.
The Solana network has witnessed an increase in NFT interactions and DOA activities. It is growing in the field of GameFi. This increase in interactions is due to fixing outage issues and a network update, which significantly improved the reliability and transaction speeds.
Algorand:
Algorand is becoming one of the biggest hubs for decentralized apps, or dApps. It witnessed an increase in activity in March this year. One of the biggest strengths of Algorand is its proof-of-stake mechanism. It offers more stability and scalability compared to other traditional cryptos.
Algorand uses a modified version of the Nakamoto consensus with the PPOs network. Algorand aims to solve issues that traditional cryptos face by employing a novel approach to consensus and leadership. Recently, a venture capital company, Borderless Capital, has announced it will invest $500 million in digital assets that support dApps on the Algorand platform.
Decentraland:
It is the second-largest gaming crypto in terms of market cap. Decentraland is an open virtual world where players can purchase plots of virtual land and construct buildings on them. Users can also publish content around the virtual plot to increase its value. There is a high interest in playing this game as gaming assets are inexpensive compared to other games. Moreover, it garnered more interest after Millennium Hotels launched its M social app on this platform.
More users will switch to virtual worlds as virtual reality gains momentum. As a result, more companies will also invest in the virtual world of Decentraland.
Battle Infinity:
Battle Infinity is a fantasy-based play-to-earn game. It is climbing the leaderboard of the best play-to-earn games in 2022. The native coin of this game is the IBAT, or Battle Infinity native coin. IBAT had a successful presale and raised $2 million in only two weeks. Experts see it as one of the top altcoins to buy in 2022.
Users can play multiple games in this metaverse to receive rewards, sell their NFTs, and explore this metaverse. It has been successfully listed on multiple exchanges like Pancakeswap, CoinMarketCap, LBANK, and others. Its launch on Pancakeswap was very successful, as this event pumped its prize by 5x. Experts say the IBAT price will grow exponentially in the next three years.
Lucky Block:
Lucky Block is a lottery backed by blockchain technology. It uses smart contract technology to give a fair opportunity for all users to win the lottery. The Lucky Block token, or LBLOCK, and the lottery are the two main components of this platform.
The value of Lucky Block shot up by 50% after its first CEX listing. It went on to be listed on some of the biggest exchange platforms like Uniswap and MEXC.
It has introduced many changes to its system that resulted in higher demand and increasing value. The V2 version was launched in July 2022. Lucky Block has also announced that it will launch a bridge to connect the two tokens.
Lucky Block has an ever-growing community, especially after investing money into marketing and collaborating with famous sports personalities. Experts predict the LBLOCK price will reach $0.003 by the end of the year. Lucky Block is one of the best crypto assets to invest in today.
Tamadoge:
Experts predict that Tamadoge will be one of the best crypto projects of 2022. TAMA’s beta presale became one of the most talked-about crypto events this year as it raised $2 million in 25 days. Tamadoge has less than 40% of its tokens for sale as the presale has raised more than $9 million.
There are many factors for this success. By focusing on non-crypto gamers, Tamadoge is increasing the demand for its tokens. Casual gamers are attracted to the combination of the metaverse and Tamadoge pets in the game.
Conclusion
It is safe to assume that investors in India love the idea of investing in cryptos. Investors in India want to buy Bitcoin and Ethereum as they are one of the best alternate stores of value. For example, Tamadoge, Battle Infinity, and Decentraland have become popular with youth. Play-to-earn games are widely popular in India, and these blockchain-backed games may help with the wider adoption of crypto in India.
As always, investors should always perform their research before investing in these crypto assets. ZebPay is one of the best places to buy and sell crypto coins in India. The ZebPay platform offers a reliable and secure way to trade crypto coins. It is one of the easiest ways for investors in India to diversify their wealth and have an alternate store of wealth.