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The crypto market is full of ups and downs, proving volatile in the long run, yet traders are well-versed in handling its jerks. For profitable ROI, you would tolerate risks and wish to enter the crypto world on a roller coaster ride. Amidst plenty of its tokens fluctuating massively, figuring out the best crypto for assured returns becomes daunting. Here’s where we have covered you all with it!
When considering investing in crypto, various factors such as upcoming price predictions, unique selling points, and other potent reasons must be considered. With our extensive experience in crypto trading, we’ve carefully selected a diverse range of cryptos that we believe will provide assured returns.
To learn about important things to consider before crypto investing, click here.
Note: All the information provided here is from Coinmarketcap as of 02nd May 2024.
#1 Bitcoin (BTC)
Market Cap: $1,137,914,059,937
Circulating Supply: 19,693,006 BTC
Launched by the mysterious Satoshi Nakamoto in 2009, Bitcoin is widely regarded as the first crypto. It is a decentralized digital currency that can be bought, sold, and exchanged without an intermediary like a bank. It is a mode of exchange, i.e., a currency, a store of value, or an alternative investment.
No matter whether you buy Bitcoin (BTC) in India or anywhere in the world, the transaction undergoes verification through a process called “mining,” which relies on computational power. Unlike traditional stock markets, you can invest in Bitcoin in India at any time of the day. Bitcoin is among the earliest and most widely recognized cryptos, gaining immense popularity worldwide. However, it has also experienced significant price fluctuations, creating a captivating narrative of ups and downs. The success of Bitcoin has paved the way for the emergence of other high-value cryptos, such as Ethereum, Cardano, Solana, Dogecoin, and more, which now dominate the market based on their market capitalization.
Why Choose Bitcoin (BTC)?
Why not Bitcoin? Being the oldest and most prominent crypto of all time, Bitcoin has always shown resilience, and you can never go wrong with this crypto while making an investment decision. The price may reflect fluctuation, but Bitcoin remains at the forefront of crypto investment and trading.
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#2 Polkadot (DOT)
Market Cap: $10,169,771,318
Circulating Supply: 1,437,953,431 DOT
Polkadot is envisioned as an enhanced version of Ethereum, launched in May 2020 by Ethereum (ETH) co-founder Gavin Wood. It describes itself as a Layer 0 blockchain, distinguishing it from Layer 1 blockchains like Ethereum, Solana (SOL), and Cardano (ADA).
Polkadot is a decentralized platform for transferring digital assets using a secure public and private key cryptography system. The public key’s hash serves as the recipient’s address, while the private key functions as a password, enabling the authorization and broadcast of transactions. Transactions are consolidated into blocks approximately every six seconds, forming the Polkadot blockchain.
Beyond basic transactions, Polkadot operates as a sharded multi-chain network with a central Relay Chain orchestrating various Parachains. This innovative architecture allows parallel processing of data and transactions across multiple shards, enhancing transaction throughput compared to older blockchain models.
Why Choose Polkadot (DOT)?
Polkadot is making headlines with its innovative Polkadot 2.0 upgrade, emphasizing enhanced blockchain capabilities. Through its parachains, the network introduces core time, a dynamic resource allocation model aiming to optimize computational resources in real-time. With this advancement, Polkadot offers developers more flexible and cost-efficient access to its robust ecosystem, eliminating the need for dedicated parachain slots and lowering barriers to entry for smaller projects.
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#3 Helium (HNT)
Market Cap: $869,794,576
Circulating Supply: 160,875,442 HNT
Helium is a distributed network of long-range wireless hotspots that provides a decentralized wireless network for connected devices that are also part of the Internet of Things (IoT). With Helium’s decentralized network of smart devices, a centralized hub or router is no longer necessary because each one may connect directly to others nearby.
Helium uses blockchain technology, allowing users to create hotspots that function as Helium miners and data servers for devices. By purchasing a hotspot and putting it in, miners can make hundreds to thousands of dollars per month, thanks to this brand-new incentive scheme.
Why Choose Helium (HNT)?
After migration to the Solana blockchain, Helium has marked its first anniversary with remarkable adoption figures. Over $550,000 worth of Data Credits have been consumed, demonstrating the demand for Helium’s wireless networks. With its 5G mobile network gaining over 80,000 subscribers and growing at a monthly rate of 15.4% and a burgeoning ecosystem of over 180,000 active wallets, Helium presents an enticing proposition for network users and investors.
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#4 cat in a dogs world (MEW)
Market Cap: $348,678,460
Circulating Supply: 88,888,888,888 MEW
MEW coin, introduced on March 26th, 2024, experienced a remarkable surge in price, fueled by the buzz surrounding Solana. Despite the founder’s anonymity, MEW coin quickly surpassed a trading value of $150 million within 3 hours of its launch, subsequently skyrocketing by over 15,500% within the first 7 hours. Currently valued at $0.005772, the MEW coin stands out with its eye-catching white mascot in the meme coin market.
Since its inception, MEW coin has witnessed a surge in trading activity, reflecting the growing interest in this unique crypto.
Why Choose cat in a dogs world (MEW)?
Solana’s whale activity has shifted towards the emerging meme token MEW. On-chain data reveals a notable transfer of funds to MEW, captivating the crypto community. With a single whale acquiring 9.6 billion MEW tokens, equivalent to 10.8% of its total supply, followed by additional investor accumulation, optimism swells regarding MEW’s potential for significant gains amid the broader crypto market’s bullish trend.
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Disclaimer: Cryptocurrency is not a legal tender and is currently unregulated. Kindly ensure that you undertake sufficient risk assessment when trading cryptocurrencies as they are often subject to high price volatility. The information provided in this section doesn't represent any investment advice or WazirX's official position. WazirX reserves the right in its sole discretion to amend or change this blog post at any time and for any reasons without prior notice.
