The year 2021 genuinely belonged to cryptocurrencies and blockchain, with crypto acceptance increasing like never before across geographies, organizations, and corporations. While every coin on the top cryptocurrency list reached a new all-time high, other low market cap cryptos became some of the most popular cryptos among Indian traders. Because of their distinctiveness as innovation assets with little correlation and increasing network value, cryptocurrencies have progressed beyond their speculation-driven phase and are now regarded as a viable investment alternative.
Here is a list of the best 10 cryptocurrencies for any trader intending to buy cryptocurrency in India in 2022.
#1. Bitcoin (BTC)
Bitcoin was the first cryptocurrency to be created in 2008. Satoshi Nakamoto, the network's founder, published a whitepaper describing the bitcoin network as a peer-to-peer network that handles payments without the use of financial middlemen. With a current market cap of over $730 billion, it remains the most popular cryptocurrency despite losing nearly 45 percent of its value since reaching its all-time high ($68,000) in November 2021. Bitcoin is among the most popular crypto in India, and it is on the top cryptocurrency list for trading. Since its debut, the cryptocurrency has undergone several meltdowns and rises, but its high liquidity will profit traders as long as it exists, irrespective of market conditions. As of February 2, 2022, the cost of one BTC was roughly $38,530.
#2. Ethereum (ETH)
Ethereum, the 2nd largest crypto by market cap, is another top pick from the best cryptocurrency list in 2022. It was founded in 2013 as a blockchain network that supports smart contracts and may be used to host decentralised applications and platforms. During the summer of 2021, the Ethereum network was used to deploy more than 80% of the decentralised applications. Ethereum's smart contract functionalities have also served as the framework for the NFT boom. Ethereum will adopt the PoS consensus as part of its ETH 2.0 upgrades, making it a popular choice for traders looking to buy bitcoin in India. As of 1 February 2022, one Ether is worth $2,685.
#3. Litecoin (LTC)
Litecoin was first introduced in 2011. After Bitcoin, it was one of the market's first altcoins. It was established by Charlie Lee, an MIT graduate, and retired engineer, and is sometimes referred to as the silver to Bitcoin's gold. Litecoin is similar to Bitcoin in several ways, however, it has a higher block creation rate, which allows for speedier transaction confirmation. Litecoin is now accepted as payment by thousands of shops and e-commerce portals. LTC is one of the most prominent cryptocurrencies that traders and investors will chase in 2022, with a price of $109.
#4. Cardano (ADA)
Charles Hoskinson, the co-founder of Ethereum, founded Cardano in 2017. Cardano, another crypto on the top coin list, has a five-stage path to becoming a genuinely self-sustaining decentralised ecosystem. The Cardano Network, one of the possible 'Ethereum Killers' on the scene, recently implemented smart contracts features on its network. Cardano, with its strong vision and dependence on solid projects and partnerships, has the potential to withstand the test of time and will be a favourite among those looking to buy crypto in India. As of February 1, 2022, one ADA token costs $1.05 USD.
#5. Polkadot (DOT)
Polkadot was created by another Ethereum co-founder, Gavin Wood, in collaboration with Robert Habermeier and Peter Czaban. They intend to use Polkadot's network to construct and link decentralised apps, utilities, and organisations. Furthermore, their website ensures data and identity protection for complete user control. Polkadot is a popular cryptocurrency due to its scalability and compatibility. It has a lot of promise on the next web3 internet. One DOT token is now worth $18.80.
Also, check out the Top 10 Cryptocurrency Trading Platforms in India in 2022.
#6. Uniswap (UNI)
Hayden Adams designed the premier decentralised crypto trading protocol as a network for the efficient and speedy exchange of ERC-20 tokens without the need for a third party. The Uniswap ecosystem is a developing network of Defi apps with 300 connectors that bring together developers, traders, and liquidity providers. It is among the most popular cryptocurrencies exchanged in India, as it is the largest DEX in the crypto sector. One Uniswap token costs $11 at the moment. Given the current defi boom, any trader wanting to acquire bitcoin in India might consider including Uniswap in their portfolio.
#7. Dogecoin (DOGE)
Dogecoin was the first meme coin created by Billy Markus and Jackson Palmer, both software developers, to ridicule the instability of the Bitcoin network. The Shiba Inu-inspired cryptocurrency is ranked first in terms of market capitalization. Its value rose after Elon Musk issued a series of tweets in its favor. Influencers such as Mark Cuban and Elon Musk continue to speak out in its favor, and lately, Wall Street-listed AMC Entertainment began taking payments in Dogecoin. If you're thinking about buying crypto in India, check out this blog post about what dogecoin is and how to acquire dogecoin in India. As of February 1, 2022, one Dogecoin is worth $0.14.
#8. Binance Coin (BNB)
Binance Coin is powered by Ethereum technology. Binance, the world's largest cryptocurrency platform, debuted the BNB coin. The Binance ecosystem is powered by the token, which has various applications and benefits, including the ability to receive lower fees on the trading platform. As among the most popular crypto, it can easily be traded on any marketplace. One BNB is now valued at $385.5 and has constantly ranked first on the list of major cryptocurrencies.
#9. WazirX Coin (WRX)
WRX is the utility token used by WazirX. Binance Chain (Binance's blockchain) is used for the distribution of the 1 billion WRX tokens. People can continue to help construct WazirX and gain incentives by acquiring WazirX coins. Furthermore, WRX rewards early users with incentives like fee reductions and additional bonuses. As of 1 February 2022, the price of one WRX is $1.03.
#10. Bitcoin Cash (BCH)
Bitcoin Cash has a significant place in the history of cryptocurrencies; BCH was founded in August 2017 following a break from the main Bitcoin chain. The Bitcoin network has a 1 MB limitation on block size, but the BCH hard-fork increased the block size from 1 MB to 8 MB. This improvement enables the blocks to hold additional transactions. This has the added benefit of increasing transaction speed. BCH has enormous potential as a payment gateway and could be a contender for the top cryptocurrency list. The cost of one BCH is $287.9.
Cryptocurrencies had a disastrous start to the year, with several of the world's leading digital assets quickly falling into bear-market territory. To complicate things, the sell-off corresponded with a broader collapse in the stock market. If a 30% drop in a month is too unstable for you or would compel you to sell, this is not the asset class for you. February, on the other hand, appears to be a good entry moment for top cryptos for those willing to tolerate significant risk and a turbulent ride.