Investment in cryptocurrencies is increasing continuously in the country. India currently has the largest number of crypto investors in the world. Their number is more than 10 crores. The average age of crypto investors is 24 years. This is equivalent to about 7 percent of the country’s population. These 10 crore investors have invested more than Rs 7 lakh crore.
While riskier investments like stocks and mutual funds give returns of 20 to 30 percent to investors, cryptocurrencies like Binance have given returns of 5.2 lakh percent. This figure is so big that you cannot even calculate it on a calculator. There are thousands of different cryptocurrencies in the world, from Bitcoin and Ethereum to Dogecoin and Tether.
Market Cap: Over $882 Billion
Bitcoin is the world’s first digital currency of crypto. It was started in 2009. Actually Bitcoin (BTC) is the original cryptocurrency. Like other cryptocurrencies, BTC runs on a blockchain, in other words, bitcoin works on a ledger logging transactions distributed across a network of thousands of computers. Its prices have skyrocketed in the last 5 years. In May 2016, you could buy one bitcoin for around $500. By January 3, 2022, the price of one bitcoin had reached over $46,000. Talking about growth, it has given a growth of about 9,200% in the last 6 years.
Market Cap: Over $447 billion
Ethereum is the most popular name in the crypto business after bitcoin. The Ethereum program remains a favorite of developers on both cryptocurrency and blockchain platforms. Ethereum has also seen tremendous growth. From April 2016 to January 2022, its price increased from around $11 to over $3,700. In terms of growth, it has climbed 33,500%.
Binance Coin (BNB)
Market Cap: Over $86 billion
Binance Coin is a form of cryptocurrency that you can use to trade and pay fees on Binance. It is one of the largest crypto exchanges in the world. It was launched in 2017. Now, it can be used for business, payment processing or even for travel booking. It cost just $0.10 in 2017; At the same time, as of January 3, 2022, it has grown by almost 520,000% to $520.
Market Cap: Over $44 billion
The Cardano cryptocurrency has also made a lot of headlines in the past few years. Cardano’s ADA token has seen relatively modest growth in comparison to other major crypto coins. In 2017, the price of ADA was $0.02. At the same time, till January 3, 2022, its price was $ 1.34. Thus, since its inception, it has given a growth of 6,600%.
Market Cap: Over $39 billion
It was created by founders like Ripple, a digital technology and payment processing company. At the beginning of 2017, the price of XRP was $0.006. By January 3, 2022, its price reached $0.83. Thus this crypto has given growth of more than 13,700% in 5 years.