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Over the past few years, many cryptocurrencies came into existence. There are more than 17000 cryptocurrencies at present in the digital market. The popularity of cryptocurrency is growing every single day. People are not just buying and selling cryptocurrency. They are seeing something beyond it as businesses accept cryptocurrency as a mode of payment.
Cryptocurrency has become a great option for investment as well. India has recently announced to launch a digital rupee and that is when people started to look at it positively.
2021 has been a great year for cryptocurrency users. A lot of people have enjoyed a lot of profits with crypto investments. But with so many different options available around them, people are confused about which crypto coin to pick. Here in this blog, we have come up with the ten top cryptocurrencies to buy and hold in 2022 in India:
Bitcoin: When looking for the list of the best and top cryptocurrencies to buy and hold, the list is never completed without Bitcoin. It is the oldest cryptocurrency and also the coin with the highest value. This was the first cryptocurrency to launch, and it was launched in 2009.
Ethereum: Another cryptocurrency that has gained as much popularity as Bitcoin is Ethereum. It was launched after Bitcoin but is a popular option. If you feel that buying Bitcoin is a very expensive option, then Ethereum is a great choice. It is a good investment in India and is expected to grow in the future.
Tether: The next option that we have on this list is Tether. For those who want to invest in cryptocurrency, but are worried about its instability, then Tether can be a great choice. It is pegged with the US dollar and hence it is stable. The risk of loss is less with Tether when compared to other coins.
Dogecoin: Popular with the name meme-coin, Dogecoin is another great option for investing in India. In the beginning, it was a joke, but later it has become a good choice. The price of Dogecoin is less and hence you can buy and hold it for long-term investment. Its price has raised well in just a few years.
Cardano: This cryptocurrency is a transparent and eco-friendly option. It is the best alternative option for other expensive coins. In the beginning, Cardano started slowly. But by 2021, it has grown very well. The price of this cryptocurrency will give promising results in the future.
Shiba Inu: The sixth option on the list is Shibu Inu. Dogecoin was the rival for Shibu Inu as it is also a meme-based coin. In just no time, Shibu Inu took over Dogecoin and its price was almost 800 percent. It keeps fluctuating but is also a great choice for buying and holding in 2022.
Ripple: There are many reasons why Ripple has become popular and is a great investment option in 2022. It was able to withstand the volatility in the crypto market and grew well. It is also a great choice for crypto exchange and exchanging dollars. Also, it is one of those coins that many financial institutions use for making and receiving payments.
Litecoin: Launched in the year 2011, Litecoin is another good option for buying and holding in the future. It was launched after Bitcoin and became popular in just no time. It is one of the top 25 cryptocurrencies in terms of market cap. It processes transactions faster and the fee is also less.
Polkadot: If you are looking for a recent cryptocurrency to launch, the Polkadot is a great choice. It was launched in 2021 and became very popular for investing in India.
Tron: The last option on this list is Tron. The goal of this coin is decentralized entertainment. People will be able to connect with the content creators. That makes it easy for the audience to connect easily in a very inexpensive manner.
So, what are you waiting for? You can start looking for the cryptocurrency that is in your budget and start investing in it. Some of them are good for a short-term investment, while others are good for long-term investment. Plan as per your budget and duration and then start investing.
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