Best Crypto Currencies to Invest in India 2024

By Mahima December 21, 2023

Crypto Currency

Cryptocurrency, also known as "crypto", is a type of digital or virtual currency that can circulate without the need for third-party intermediaries such as governments or banks. 

Blockchain Technology

Blockchain is a decentralized, public ledger that records cryptocurrency transactions. Complete blocks are recorded and added to the blockchain, and they contain the most recent transaction history.

Bitcoin 

Its price movement continues to have a significant impact on the rest of the market even today and is expected to have a greater impact in the years to come. 

Tether

The cryptocurrency market is extremely volatile, but Tether has been a stable coin that is backed by fiat currencies like the US dollar and the euro and maintains a value equal to one of those currencies. 

Ethereum 

It is another widely used cryptocurrency in the crypto market. Regarding the debut of Ethereum 2.0, the biggest challenge of Ethereum, which is transaction speed, will also be controlled.

Terra

Terra is a crypto that always rides out bear markets. It is often said that one should keep an eye on the market but on the other hand Terra starts rising as its competitors start falling. 

Binance Coin

The BNB symbol is used to trade this cryptocurrency, which is used as a utility token to pay for trading fees and transactions at low costs. This cryptocurrency is projected to rise to new heights in 2024.

Yearn.finance 

While Bitcoin has been virtually stagnant Yearn.finance value has increased by more than 86% in a short time in 2021 and the returns for early backers of this decentralized project have been more favorable. 

Hedera

Hadera is the most widely used enterprise-grade public network of the decentralized economy. It provides blockchain enabling developers to build secure enterprise applications and is one of the best cryptocurrencies to invest.

PancakeSwap

PancakeSwap is another decentralized exchange platform that has shown explosive growth since launching in 2020. It allows users to buy and sell digital tokens without going through third parties. 

Ripple

Ripple is one of the best cryptocurrencies for investment in 2022 because their transactions are known for their low energy consumption compared to Bitcoin and their quick confirmation time.