After surveying over 100 cryptocurrencies currently available in India, we have chalked down four cryptocurrency tokens which are right now the best for investing, even for beginner stages.
New Delhi (India), March 18:The market for cryptocurrencies in India is filled with various tokens. Naturally, it is very easy for investors to get overwhelmed and decide on which token to invest in.
Some tokens may seem promising at first but are not good for long-term investment. Newbies into the cryptocurrency world will face a real challenge as they will not be aware of which will be the most profitable in terms of the Indian economy.
After surveying over 100 cryptocurrencies currently available in India, we have chalked down four cryptocurrency tokens which are right now the best for investing, even for beginner stages.
TRONADO
Tronado (TRDO) is a special kind of utility token created to serve the real purpose of Cryptocurrency. Launched in April 2021, it is built on BEP20 (Binance Smart Chain). Tronado can also be divided like other cryptocurrencies with a limit of 8 decimals. The major advantage that Tronado offers currently is that it can be used directly as a currency from its app to do all the work, which is possible via normal currency, i.e., one can do online shopping, pay utility bills, recharge phone, etc. It also allows the user to pay through UPI without actually going through the conversion procedure.
Tronado (TRDO) is accessible to everyone on two public exchanges as of now, Coinbit.io, and AZbit.com. The current value of 1 Tronado token is INR 18.31, as of 2023.
BITCOIN
Bitcoin is the first decentralized digital currency that allows for secure peer-to-peer transactions on the internet without the involvement of a third party. Bitcoin was created by Satoshi Nakamoto in 2009 and it blew up in April 2011, when the price crossed the $1 threshold for the first time. Bitcoin is legally recognised by eight GDP economies as of 2022. As of Feb, 2023, value of 1 bitcoin is INR 20,23,222.54.
ETHEREUM
Ethereum is a global decentralized open source blockchain platform that ranks second to Bitcoin in terms of market capitalization. Ethereum is well known for its application code, called smart contracts which allow participants to manage transactions with each other on the internet without the involvement of a trusted central authority.Ethereum was founded by Vitalik Buterin in 2013, and went live on July 30, 2015. The current value of Ethereum as of February, 2023 is INR 1,40,023.05.
WAZIR X
WazirX is one of India’s first cryptocurrency exchanges and has its own coin WRX and is one of the most trusted and secure platforms in India. It is also one of the most trusted NFT marketplace for all creators and artists all over India. The company was founded by Nischal Shetty, in 2017. The WRX coin was founded in March, 2018, and has a total supply of 1 billion. The current price of 1 WRX coin is INR 17.67 (as of Jan, 2023).
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