While the Indian government has banned its banks from supporting cryptocurrency exchanges, the country is home to a thriving blockchain community. Here’s a list of 10 Indian cryptocurrency projects worth keeping tabs on. This list is by no means conclusive—if you know of any Indian cryptocurrency projects that should be on the list, please let us know in the comments.
It may not come as a surprise, but the cryptocurrency world is dominated by tech-savvy coders who hail from nations that are at the forefront of technological development. The real surprise is the fact that most cryptocurrency projects are not American in origin. (They’re also not Chinese, despite what a lot of people think.) Recent years have seen a surge of cryptocurrency projects coming from parts of the world that many of us don’t associate with tech innovation. One country that has proven itself to be a real force in the cryptocurrency world is India, which we take a closer look at in this article.
The cryptocurrency markets have slowed down recently, but they are far from dead. In fact, some of the top cryptocurrencies are located in India. Even though the country has had some problems with regulation, there are many reasons to be positive about the future of cryptocurrency in India. (Interested in finding out about the top 10 cryptocurrency projects from India? Keep reading!) Blog Post Intro: (Link to a top 10 cryptocurrency project from India). Read more about next big cryptocurrency and let us know what you think.Despite what the government says about cryptocurrency and digital asset markets, there are still plenty of blockchain projects in India. We see some of the largest decentralized projects in the world coming out of India. Companies like Coinbase are starting to see that we are a young and interested market for crypto-currencies. With a variety of assets popping up in the markets, investors are looking for new opportunities outside of digital gold stocks. Many of these cryptocurrency projects have great goals and are capable of solving real problems. In this article, we take a look at the top 10 Indian cryptocurrency projects that are very promising due to their excellent founders and market performance. The real reason for this huge increase in adoptions in our country is excitement. Our young people are excited about crypto-currencies. While some do their homework before investing, others just gamble on Mr. Musk’s tweets. Well, that’s a topic for another day. If you look at the search trends chart below, you can clearly see that people want to explore markets and look for opportunities. Here we present some of India’s best crypto projects that have the potential to grow into multi-billion dollar valuations in terms of market capitalization :
1 Polygon (MATIC)
Polygon previously Matic Network is working to solve the biggest problem with blockchain technology: Scalability and instant block generation. A network built in a decentralized ecosystem eliminates complexity in the user experience, lowers gas costs and, most importantly, increases throughput through a tree architecture of side chains. For more information on the technical aspects, read Polygon’s white paper. An Indian startup has become a crypto unicorn: Polygoon travel is a source of inspiration Well-known examples of the use of Matic include gambling networks, decentralized exchanges, and blockchain payment systems. All of these applications are deployed on a scalable platform that allows users to enable open identity and atomic exchanges. To understand the token economy, here are some important parameters and their respective values: The market capitalization is $10 billion. Reverse Offer – 4,877,830,774 MATIC Tokens The price of the token is $1.92. The currency has had its ups and downs in recent years, but now it seems that its value is only increasing. The cost has gone from 10 cents to $1.9 in three months.
2 WazirX (WRX)
WazirX is an interesting project coming from an exchange platform. The company has built its foundation to become one of the best cryptocurrency exchanges in India. Nishal Shetty, founder and CEO, has over 10 years of experience in developing products that solve real world problems. When we talk about toko economy, it has a lot to do with the stock market itself. The more users attracted, the higher the value of the company, which is reflected in the price of tokens. These are the details of the WRX that have been revealed so far: The market value is $589 million. Tradable supplies – 293,763,596.01 WRX The price of the token is $1.94. The performance of WRX tokens has been excellent so far, and the company deserves credit for the way it is increasing the value of WazirX tokens. Up to two million are burned or destroyed each quarter, reducing supply and increasing total value. Since its launch, the token has gained momentum and investors have seen returns of 300% in their portfolios through Q1 2021. From March to April we saw a doubling of the value of the coins. If this trend continues, we see great potential for WRX and investors will enjoy huge returns. For a platform like WazirX, it’s all about user growth and how it compares to its competitors. If it continues to grow in the Indian market, the currency will appreciate in value.
3 Frontier (FRONT)
This project is one of the flagship projects of blockchain agnosticism. The Frontier or FRONT token adds value to users by helping them create applications on the Ethereum network. The company’s ultimate goal is to successfully provide cross-chain bridges for various challenge protocols. If the project is well integrated, users will be able to track, manage, trade and bid on different token ecosystems such as Cosmos or Binance Chain. The company is following its original roadmap and recently launched the Frontier Chain Testnet in April. We can expect Mainnet to launch in the second quarter of 2021, with the remaining quarters devoted to fully establishing the company’s position in blockchain and decentralized key management. Here are some current and economic indicators for FRONT: Market capitalization – $78 million Fully diluted market capitalization of $209 million. Current bid negotiable – 15,650,000 FRONT The price of the token is $2.1. The price history shows a downward trend, and from an all-time high of $6.99, the price has dropped nearly $4. Markets are currently extremely volatile and projects of this magnitude are likely to consolidate before they get underway. This can be seen in the graph below:
4 MahaDAO (MAHA)
MahaDAO is a transaction-free platform with a user-friendly interface. This is a unique project designed to help owners of digital assets increase the value of their assets. MahaDAO is an autonomous organization that proposes a stable value currency called ARTH to combat the current economic climate. By enabling investors to influence stability premiums and savings rates, MahaDAO aims to prevent asset devaluation. The company has a team of nine employees covering technology, marketing, design and legal matters. The creation of something like a decentralized reserve bank is a fairly new phenomenon in the crypto space. The same borrowing concepts, such as DSR and emergency stop, can be used. The platform also allows users to capture their tokens with their pledges. These are the basic facts about MahaDAO: Market capitalization – $10 million. Fully diluted market value is $63 million. Offered for sale – 1,611,619 MAHA pieces The price of the token is $6.35. Although the fundamentals are there and the company is recognized as the first in the world to create an incentive stablecoin, the price has dropped significantly from $13 to $6. However, we are seeing a trend reversal and the token could see a decent pump in the coming weeks.
5 Unmarshall (MARSH)
Unmarshal was launched to address the daunting demands of the blockchain’s data access layer. Since scalability is a big issue for blockchains like Ethereum and Polkadot, Unmarshal has developed a unique solution to disrupt the Defi data space. While data outside the chain are essential for transaction data verification, they are equally important for strengthening the economy within the chain. That’s where Unmarshal comes in, by making infrastructure more accessible to multi-channel data. The main features of Unmarshal are tax determination, historical pricing and profit and loss tracking. New modules are expected to be added to the infrastructure to provide users with multiple data paths. Here is a tocan economy for the unmarshall: The market capitalization is $28 million. The fully diluted market value is $398 million. Traffic – 7, 096, 098. 29 MARSH The price of the token is $4.04. MARSH’s performance has declined in recent months, but can be considered a buying opportunity for a long-term investment. Based on the deployment scenarios and underlying technology, Unmarshal has the potential to do so for at least two years. It could reach $10 in the next few years.
6 EasyFi (EASY)
This is another one of those cryptocurrency projects trying to solve the scalability problem of blockchain technology. Because credit protocols operate on public networks, they make transactions more transparent when it comes to financial products. EasyFi is compatible with the Ethereum network, so we can expect more Defi applications to be built using this platform. Here are some numbers you should know: Market capitalization – $26 million The fully diluted market value is $105 million. Circulation Device – 2, 525, 833.87 EZ The price of the token is $10.54. It rose to $36 and reached its all-time high in April, but also fell nearly 200%. It is currently trading around $10, so we could see a move back to previous levels, but it is unlikely to happen in the short term.
7 Razor Network (RAZOR)
Unlike most projects, Razor Network is determined to find an efficient and sustainable Oracle solution that improves off-chain performance and addresses trade-offs between and security. In the fourth quarter of 2020, the company raised $3.7 million from various investors, including NGC Ventures, Spark Digital Capital and Alameda Research. The company recently announced that it will be launching modern Dapps for developers. The founder also said in a recent interview that Eth 2.0 could accelerate their progress. RAZOR’s current profitability is shown below: The market capitalization is $18 million. Fully diluted fair value is $250 million. Circulation feed – 74, 425, 112.00 RAZOR Token price – $0.2407 The company launched its currency in 2019, and the value hasn’t increased much since then. The stock hit a record high of $0.96 last year and has since fallen. The potential remains uncertain because we are not yet 100 percent sure that oracles will be needed to connect smart contracts to the outside world for a scalable blockchain environment. If blockchain engineers can figure out a way to do this, the value could drop even further.
8 Reading (PCNT)
This is another exciting crypto-currency project from India with the sole purpose of creating hyper-creative games and apps. Playcent believes it can easily penetrate markets because it needs less time and capital to develop applications. The underlying technology used by Playcent is built on Ethereum and runs on the Matic blockchain. Developers and users play an important role in such an ecosystem. Each group must either create templates for the application or contribute content. You will receive PCNT tokens from the reward pool. The main features of the platform are the CDN and the reward mechanism. It provides everything the content creator needs to build custom applications using existing Playcent modules. More information about tokeconomics can be found here: The market capitalization is $8 million. The fully diluted market value is $33 million. Traffic Facility – 16, 014, 308.00 PCNT Price of tokenPrice – $0.5526 Historical performance shows consistency in value and volume, so it has the potential to reach the $1 mark. As NFTs gain popularity, this platform may receive more attention from content creators, which will result in PricePrice’s price increasing. Here’s what the chart of the trade looks like for the last three months :
9 Nord Finance (NORD)
Nord Finance is a project with advanced decentralized technology that enables transactions at zero cost and interoperability between chains. This project is similar to the others on this list. However, it adds a unique feature called Nord Loan that allows Defi users to leverage their digital assets in case of emergency. The 2021 roadmap begins with the introduction of North Savings and the listing of $NORD. Next, programs such as credit counseling and northern security are offered. Nord Finance also has many ecosystem partners that are leaders in the cryptocurrency markets, and some of them include Polygon, Elrond, and Chainlink. Here are some important details about tokens that you should know: Market capitalization – $10.5 million. Fully diluted market capitalization is $76.6 million. Power supply for traffic – 1, 362, 480.06 NORTH The price of the token is $7.69. In the last 24 hours, the value of the token has increased by 38% and we have seen a positive upward trend in recent weeks. A few months ago, the currency reached an all-time high of $9.16, and now it has dropped to $8, so the recovery is helping the currency reach its previous all-time high. If the trend continues with no bad news on the major cryptocurrencies, NORD investors should see a nice gain in their portfolio.
DefiDollar is a crypto-currency project designed to unlock the future of stablecoins. They have a wealth management system that allows users to earn a regular amount of money every month by betting on stable coins. This company believes that culture is the only answer to low liquidity and volatility. Here are some of the key areas of today’s economy: Fully diluted fair value was $2.9 million. Maximum bid – 2, 836, 252 DUSD The price of the token is $1.02. As a stable currency, it has shown no signs of 2x or 3x, but DUSD is up 10% during the recent surge. The past three months have seen many ups and downs, but overall the currency has maintained its value. It is expected to hitch a ride with other altcoins for a few more weeks.
These recent market excesses do not mean that we are in a bull market. The fear index has dropped significantly, so we are seeing more participants in the market, but we need to think long term when investing early in cryptocurrency projects like this. Projects like Defi Dollar and Frontier are currently undervalued, so there is a buying opportunity, but it is best to wait a few weeks for the market to calm down for a better entry point.
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At the time of this writing, the cryptocurrency market is valued at over $300 billion. It dwarfs the market capitalization of eighteen out of twenty-five of the world’s largest companies. India, like other parts of the world, is not immune to the buzz of cryptocurrency. It’s obvious why: the prospect of multiplying one’s investment is intriguing.. Read more about cryptocurrency in india and let us know what you think.
Frequently Asked Questions
Which Cryptocurrency is best to invest in India?
The crypto currency market is in a state of constant change with new coins being introduced daily. It can be hard to keep track of which coins are best to invest in. Here’s a list of the top 10 cryptocurrency projects from India. Cryptocurrencies are created and managed through blockchain technology. A blockchain is a public ledger of all transactions that have ever been executed. Cryptocurrency is a digital currency that is created and managed through the use of advanced encryption techniques known as cryptography. Cryptocurrency made the leap from being an academic concept to (virtual) reality with the creation of Bitcoin in 2009. While Bitcoin attracted a growing following in subsequent years, it captured significant investor and media attention in April 2013, when it peaked at a record $266 before falling to around $100. (Bitcoin currently trades around $6,300.) In 2017, a number of alternative cryptocurrencies surpassed Bitcoin in market capitalization, including Ethereum, Ripple, Bitcoin Cash, Litecoin and NEO.
What 10 Cryptocurrencies will explode in 2020?
The cryptocurrency space is a hotbed of speculation. With hundreds of currencies, and more being created every day, it’s hard to know which ones will succeed. Some people are looking to coins that are outside the top 10 to gain traction, since they can offer more upside than coins that have already hit the top 10 list. Below we highlight 10 of the most promising cryptocurrencies outside the top 10 that will explode in 2020. In this post, we will try to list down the top 10 cryptocurrencies that will explode by the end of the year 2020. 2019 has been a bad year for the cryptocurrency market in general. However, the worst is behind us as we move from 2019 to 2020. There are some cryptocurrencies that have the potential to give multiples of gains in a short period of time. Cryptocurrency investment: This is not a new term anymore. Everyone is talking about it and some people are even making money from it. But, what is cryptocurrency? Cryptocurrency is a form of digital currency which is created to work as a medium of exchange for the internet. Cryptocurrency is the most famous form of digital currency. Cryptocurrency can either be
Which Cryptocurrency is best to invest now?
In the world of cryptocurrencies, there are many coins and tokens to choose from. Some have more potential than others, and in this article we will explore the best potential ones. The cryptocurrency market is still young and volatile, and there are many different factors that come into play when making a decision on where to invest. More and more people are joining the cryptocurrency world each day, and use their expertise to predict what they think is going to be the next big thing. This article is for those of you who have little to no knowledge of cryptocurrencies and want to start investing now. There are thousands of cryptocurrencies out there, and with the advent of new cryptocurrencies being introduced every day, it’s hard to figure out which ones are worth investing in. (To help you out, we put together a list of the top 10 cryptocurrencies projects from India) Our criteria for the list included projects that are running an ICO, have an active community, or have an established product. Although the above paragraphs are of varying length and have seemingly little in common, there are two distinct patterns that hold all of them together. The first is the use of transition words. Every transition word used in the above paragraphs appears in the following table: The second pattern is the use of online sources to establish authority and credibility on diverse topics. All
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