Table of Contents
Finally, there is a ray of hope visible at the end of the bear market tunnel.
It’s an excellent time to go on an “exploration” and try to unveil the best crypto to buy in India that has the potential to deliver enormous returns by the end of 2022 now that they are gaining traction.
Nevertheless, it won’t be a simple task.
Since the beginning of the year, several new sectors of the blockchain business have grown quickly, including DeFi, the Metaverse, and NFT marketplaces.
This implies that the research phase will be very demanding.
Even if the top cryptocurrencies like Shiba Inu and Litecoin are still deserving contenders, there have been several newly launched crypto that you can invest in today and were added to the list that has the potential to soar in popularity over the coming months.
We’ll look at the top cryptocurrency to buy in September 2022 and learn about them in this article.
Let’s first define cryptocurrency before learning about the best crypto to buy today in India.
What is Cryptocurrency?
Digital money, known as cryptocurrency, is not controlled by a centralized authority, such as a government. Instead, it is made on the most widely used blockchain technology, and Bitcoin is the most well-known. More possibilities are becoming accessible as virtual currency continues to attain popularity. Today, over 20,000 cryptocurrencies are available in the market right now.
Although you can buy things with cryptocurrencies, most people view them as long-term investments. However, as evidenced by the current bitcoin freefall, volatility makes investment in cryptocurrencies dangerous. Therefore, it’s crucial to understand what you’re getting into before investing.
5 Best Crypto to Buy in India in September (2022) – Quick List
Here is a brief list of the top altcoins available right now:
- Tamadoge (TAMA) – One of the Top Altcoins with Massive Profit Potential.
- Battle Infinity (IBAT) – The Best Altcoin to Purchase Overall in 2022.
- Lucky Block (LBLOCK) – Upgraded altcoin with a track record of success.
- Ethereum (ETH) – The most cutting-edge altcoin technology.
- Ripple (XRP) – Best cryptocurrency to purchase (under $1) following the crash.
5 Best Crypto to Buy in India in September (2022) – Detailed Analysis
#1 Tamadoge (TAMA)
While renowned meme tokens like Dogecoin and Shiba Inu were able to gain traction because of widespread support from world-renowned personalities, there are now more popular meme tokens that offer users utility.
Tamadoge, a multi-utility token, is among the best cryptocurrencies to buy in 2022.
The native token TAMA is the primary currency that is used in the Tamaverse, an in-game Metaverse – it’s a place where players groom their Tamadoge pets until they are ready to fight.
Tamadoges require attention from their owners to grow stronger over time. They’ll become Tamaghosts and lose their abilities if they don’t.
These pets are all distinct, tradeable NFTs as well.
The project was created by some of the top cryptocurrency, design, and marketing experts in the market, and it makes use of cutting-edge tokens and NFT technology.
#2 Battle Infinity (IBAT)
One of the top crypto to buy today in India in 2022 is Battle Infinity, a crypto-gaming environment that combines NFT, DeFi, and Metaverse technologies.
Battle Infinity is a play-to-earn (P2E) ecosystem built on the Metaverse that has already undergone KYC verification. Users can design their own avatars within this Metaverse and participate in Battle Infinity’s games to win big prizes.
The main features are the Battle Market, Battle Store, Battle Swap, Battle Stake, and Battle Arena (the Metaverse in which the previous features can be found).
The IBAT Premier League is another option. It’s the first fantasy sports competition to use NFT technology.
Players in the Premier League establish teams and fight against one another for the chance to win some amazing rewards.
#3 Lucky Block (LBLOCK)
A new crypto gaming platform called Lucky Block seeks to revolutionize the $330 billion global market for prize draws, giveaways, and play-to-earn games by addressing issues, including the lack of confidence and transparency in the market’s current jackpot offerings.
Lucky Block aims to prosper by using the strength of “Web 3.0” decentralized networks to loosen the hold of the centralized operators.
LBLOCK, Lucky Block’s native coin, originally had a transaction tax fee and was housed on the Binance Smart Chain network.
However, the creators have just unveiled a brand-new LBLOCK V2 token that functions as an ERC-20 coin.
#4 Ethereum (ETH)
Since the blockchain network has become the preferred choice for Decentralized Application (dApp) developers globally, Ethereum doesn’t need an introduction. The applications are built on the Ethereum network thanks to its smart contract functionalities. These smart contracts completely decentralize the process by eliminating the middleman from some transactions.
Some of the currently quicker and more sophisticated networks on the market are seen to be seriously threatened by Ethereum’s switch from a PoW to a PoS network. After all, it wouldn’t be the first time that ETH vastly outperformed its competitors.
Some cryptocurrency analysts even predict that Ethereum could dethrone Bitcoin and replace it as the leading cryptocurrency in the world by 2030.
#5 Ripple (XRP)
Worldwide, banks and financial organizations can access a global payments network through the open-source and permissionless blockchain called XRP.
Ripple provides business and financial organizations with transparent, efficient, and affordable solutions when transactions are processed on a worldwide scale.
Due to its fast transaction speed of 1,500 transactions per second, the XRP network is well-liked.
How To Choose A Cryptocurrency?
Before choosing which crypto to invest in today, you must consider the following criteria.
- Longevity
What is the lifespan of cryptocurrency? New cryptocurrencies aren’t automatically knocked out, but having historical performance data to compare with allows you to assess a company’s performance.
- Track Record
How has the firm thrived over the years it has been in operation? It’s a good indicator to consider if pricing appears to be stable. Even better if you see that cryptocurrency is gaining popularity and increasing in value over time.
- Technology
How user-friendly and secure is the platform when compared to other platforms? The speed at which transactions happen should be your initial point of scrutiny. In addition, transaction traffic should be easily handled by the network.
Additionally, you want to guarantee the security of your investment. Blockchain technology is used by the majority of cryptocurrencies, making all transactions transparent and straightforward to follow. Therefore, the ability of hackers to acquire your cryptocurrency may not necessarily be made more difficult by blockchain technology. However, it does make it simpler to keep track of your money so that it can be recovered rather than lost as a result of fraud.
- Adoption Rate
How many investors are there in the cryptocurrency you’re thinking about? When adoption is high, it usually indicates that the coin has better liquidity. As a result, future trading, selling, and spending will be simpler.
Conclusion
These five cryptocurrencies have unique technologies that separate them from one another.
DeFi, Metaverse, and P2E cryptocurrency projects are just a few of the technologies we’ve listed in our list of cryptocurrencies.
While these top altcoins appear destined to soar by the end of 2022, you shouldn’t discount Bitcoin’s long-term potential. Don’t forget to conduct your own research before making any significant financial commitments to these projects.
Frequently Asked Questions
Can I Invest In Cryptocurrency?
Yes, with exchanges like WazirX, you may invest in cryptocurrency in India. To begin, go to the WazirX website and register. After that, you will receive a verification email. The link received by verification mail will only be available for a few seconds, so make sure you click it as quickly as possible. This will successfully verify your email address. The following step is to set up security, so choose the best solution for you. After you've set up the security, you'll be given the option of continuing with or without completing the KYC process.
Are Cryptocurrencies Legal In India?
In India, cryptocurrency is legal, and anyone can buy, sell, and trade it. Because India lacks a regulatory system to regulate its operations, it is presently uncontrolled. According to the Ministry of Corporate Affairs, companies must now document their crypto trading/investments inside the financial year.
How Cryptocurrency Works?
Cryptocurrencies use cryptography technology to keep transactions and their units (tokens) secure. Cryptocurrency works via a technology called the blockchain. A blockchain is a decentralized technology that handles and records transactions across numerous computers. The security of this technology is part of its value.
Is Cryptocurrency Safe To Invest In?
Cryptocurrency investments are subject to market risks, but if sufficient security measures are not taken, trading accounts can be maliciously accessed. Investments come with risks and uncertainties, and we cannot claim that any digital currency investment is risk-free. Buying and selling cryptocurrencies can be risky even if the trader is knowledgeable about the market and treats their coins carefully.
Which Cryptocurrency Is Best To Invest In 2021?
Many altcoins are flourishing to invest in. Some cryptocurrencies with great potential are Ether, Ripple, Tron, and more. Investors are trying to diversify their portfolios and are flocking to the leading cryptocurrencies. Many growing businesses are already accepting cryptocurrency as acceptable payment methods.
Is Crypto Legal In India?
Cryptocurrencies are legal in India, and anyone can purchase, sell, and exchange them. It is currently uncontrolled, as India lacks a regulatory structure to oversee its operations. Per the Ministry of Corporate Affairs, companies must now record their crypto trading/investments within the financial year. In cases where a person receiving the gains is an Indian tax resident, or the cryptocurrency is regarded as domiciled in India, cryptocurrency transactions have been taxable in India
Is Cryptocurrency Banned In India?
No, cryptocurrency is not banned in India. India has seen its ups and downs in the crypto sector concerning its legal status. The Reserve Bank of India (RBI) issued a circular in April 2018 advising all organizations under its jurisdiction not to trade in virtual currencies or provide services to assist anyone in dealing with or settling them. A government committee proposed outlawing all private cryptocurrencies in mid-2019, with up to ten years in prison and severe penalties for anyone dealing in digital currency. The Supreme Court overruled the RBI's circular in March 2020, allowing banks to undertake cryptocurrency transactions from dealers and exchanges.
Is Pi Cryptocurrency Safe?
Pi Network captured the crypto community’s interest even before it officially debuted. Its innovative mobile mining approach and user-friendly design simplify crypto adoption for a broader audience. Some users see this as a chance to get engaged in the crypto from the beginning and profit in the future, similar to how early Bitcoin adopters made huge profits by mining and keeping the coin. Other users have compared Pi to a worthless multi-level marketing (MLM) scheme.
What Is Cryptocurrency?
A cryptocurrency is a digital currency secured by encryption, due to which chances of activities such as counterfeiting and double-spending taking place get close to impossible. Cryptocurrencies get created on blockchain technology ( a distributed ledger enforced by a distributed network of computers). Cryptocurrencies are unique in that they do not get issued by any central authority. The term "cryptocurrency" comes from the encryption techniques used to keep digital currencies and the network safe.
How To Invest In Cryptocurrency Stocks?
Cryptocurrency can be purchased in two ways: through mining or exchanges. The process of confirming and adding transactions to the blockchain public ledger is known as cryptocurrency mining. Cryptocurrency exchanges are another option. Exchanges make money by charging transaction fees, but there are alternative platforms where you may communicate directly with other cryptocurrency traders.
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.
