Cryptocurrency

The cryptocurrency hype has reached India, attracting several investors. Many industries are accepting cryptocurrencies as authorized modes of payment. The crypto market is growing hence; now, is a suitable time to consider investing in cryptocurrency.

Presently, there are more than a thousand cryptocurrencies, making it difficult for investors to decide which currency they should pick. Therefore, analyzing the cryptocurrency market and the prices is necessary before investing.

Here's a list of some of the best cryptocurrencies to buy in 2021:

Nano

Price today: INR 607.87

Nano has been around for quite a while now and is a simpler version of the larger cryptocurrencies. It requires no transaction fees and has a value of about US$ 1 per coin. It has not broken the billion mark in the market capitalization and has been played at a high of about US$ 35. It is cheap and hence has the potential of becoming the next investment in the crypto market.

Ripple

Price today: INR 74.92

Ripple is cheaper than Nano and is currently the centre of attraction for a lot of investors looking for small investments in the crypto market. The reason why it has not reached the surge in value is that the payment protocol in XRP requires huge volumes of XRP as well. The lesser volume of circulation of the XRP coins is keeping its price low.

Tezos

Price today: INR 288.43

It has around the same realm as Nano and is not quite popular in the cryptocurrency market. It has growth potential and it has its unique selling points. It allows its users and traders to vote on its platform, hence creating a decentralized democracy.

Cardano

Price today: INR 129.6351

Cardano is known in the crypto market for its flexible networks and fast transactions. Its scalability, sustainability and interoperability are some of its chief selling points. It is known for its venture, which takes times but eventually accomplishes things.

USD Coin

Price today: INR 83.43

Even though USD Coin is under strict scrutiny regarding its validation in the market, it important to include and inform the readers, since potential investors might interested in investing in this crypto coin for its low value.

EOS

Price today: INR 411.198

Similar to USD Coin, EOS has also been subjected to controversies and has caused its market price to drop. But it will recover eventually. EOS is an affordable investment with its all-time high of around US$ 20.

Dogecoin

Price today: INR 26.92

After a shady past, nobody expected this meme coin to the surface, not only as legit but also as one of the top cryptocurrencies of all time. DOGE, which rose to prominence earlier this year, endorsed by the ‘Dogefather’ Elon Musk, is one of the cheapest cryptocurrencies to invest in 2021. Although the recent market crash caused the collapse in the price of Dogecoin, it is still the fourth-largest cryptocurrency as per the market capital.

Stellar Lumens

Price today: INR 31.201

Stellar Lumens is known for its cryptocurrency networks in payments. It was initially launched by Ripple but currently competes with its parent company. It is also becoming a hub for stable coins allowing clients to send transactions over the networks.

Digibyte

Price today: INR 5.078

Digibyte is a blockchain network supporting asset creation. It has one of the most technologically sound networks. As the requirement for great technologies is on the rise, the price for Digibyte will eventually increase.

Tether

Price today: INR 72.896

Tether was launched in 2014. It was previously known as Real coin and was one of the first cryptocurrencies to be pegged to the US dollar. It is stablecoin, a form of cryptocurrency that aims to hold the prices of cryptocurrencies stable, opposing large market fluctuations. In January 2021, it was the third-largest cryptocurrency according to market cap, with a total capitalization of US$ 24.4 billion and per token value of US$ 1.