The use and trading of cryptocurrencies in India is a rapidly growing phenomenon. Here are the top 10 cryptocurrencies by market capitalization, which are widely traded in India:
Bitcoin (BTC): The first and largest cryptocurrency, Bitcoin is a decentralized digital currency that allows for peer-to-peer transactions without the need for intermediaries.
Ethereum (ETH): The second-largest cryptocurrency by market capitalization, Ethereum is a blockchain-based platform that enables the creation of decentralized applications (dApps) and smart contracts.
Binance Coin (BNB): Binance Coin is the native cryptocurrency of the Binance exchange, which is one of the largest cryptocurrency exchanges in the world.
Ripple (XRP): Ripple is a blockchain-based payment protocol that enables fast and secure cross-border transactions.
Tether (USDT): Tether is a stablecoin that is pegged to the US dollar. It is often used as a way to hedge against cryptocurrency volatility.
Cardano (ADA): Cardano is a blockchain-based platform that aims to provide a more sustainable and scalable infrastructure for decentralized applications.
Polkadot (DOT): Polkadot is a blockchain network that enables interoperability between different blockchains and allows for the creation of custom blockchains.
Bitcoin Cash (BCH): Bitcoin Cash is a fork of the original Bitcoin blockchain that aims to provide faster transaction times and lower transaction fees.
Litecoin (LTC): Litecoin is a peer-to-peer cryptocurrency that is based on the Bitcoin protocol but with faster block generation times and lower transaction fees.
Chainlink (LINK): Chainlink is a decentralized oracle network that provides real-world data to smart contracts on the blockchain.
It’s important to note that the cryptocurrency market is highly volatile and subject to frequent fluctuations in price. It’s always important to do your own research and invest only what you can afford to lose.