6 Ways Cryptocurrency There is a continuous increase in the number of investors in the Crypto Market. In recent times, there have been tremendous fluctuations in the market of cryptocurrencies. People’s interest in cryptocurrencies is also increasing. Today we are going to tell you about those top cryptocurrencies which have had the best performance in the last two months. Investors have seen a lot of investment in these. If you invested Rs 10,000 in Bitcoin two months ago, your net investment today would be a little more than Rs 14,000. At the same time, almost similar results will be seen by investing in Ethereum. If you put this money into one of the top performing cryptos, Kadena, your original Rs 10,000 will grow to Rs 1,57,000.
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Hearing all this might sound like the stuff of dreams, but these are very real numbers from the market performance of cryptocurrencies over the last two months, from September 11 to November 11. The world of cryptocurrency is gaining new followers every day, as everyone is looking to get good returns on investment. Of course, more investors are flowing/investing more and more money into these digital currencies. It happened but soon it emerged. At present, there are many Cryptocurrencies present in the market but there are only a few Cryptocurrencies which garner more headlines. In such a situation, today we are going to tell you about the top 5 cryptocurrencies in terms of market capitalization, in which a lot of investment is being seen from investors. There have been tremendous ups and downs in the market. The market also crashed on Wednesday but soon recovered.
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Seeing this sky-high graph comes as no surprise to anyone who has been monitoring the crypto markets for a long time. But for new investors, it can be a real dilemma as to which crypto coin or token to back up. This choice depends on many factors which may vary from person to person. If you choose the cryptocurrency that has made the best run in the last period, you just have to look at the performance chart and it is a very easy task. Here, we’re focusing on some of these cryptocurrencies that have had stellar performances over the past two months, delivering significant financial results for their investors. Note that this analysis is not meant to be a market prediction at all, but rather a mere observation of the performance of cryptocurrencies and an indication of their potential for investors.
Top performing crypto coins
First of all, let us focus on some of the top performing crypto coins within the last two months. Note that this should ideally include coins that have grown the most in terms of market cap, but the cryptocurrency market is a bit tricky if you look at it that way. To easily understand this, let us tell you a simple fact – within the last two months the value of more than 10 cryptocurrencies has increased by more than 1,000 percent. Although this may look quite attractive, these coins often remain away from a wide audience and are listed on very few platforms for public trading. Thus, we will focus on cryptocurrencies that have an established presence in the global crypto market and are also much more stable in nature than such one-shot wonders. In this regard, we have brought for you information related to some top performing crypto coins.
Phantom, a scalable smart-contract platform that enables developers to build decentralized applications, has been the hot coin over the past few months. At the beginning of the two months mentioned above, this cryptocurrency was trading at around Rs 100. After 60 days, at the time of writing this article, it is at a price of Rs 213, which has registered an amazing increase of 79 percent.
Polkadot, designed to make multiple blockchains interoperable, has surged from around Rs 2,500 in the second week of September to Rs 3900 today. This is equivalent to another bull rally of approximately 52 percent, which has generated huge interest in the coin.
Binance Coin, the personal crypto coin of the world’s largest cryptocurrency exchange, has recorded an impressive growth of 51.63 percent in the last 60 days. It started this period with a price of around Rs 29,000 and currently has recorded a price of more than Rs 50,000 per coin.
Bitcoin, the godfather of all cryptocurrencies in terms of market capitalization, has registered a rise of 42.43 percent in the last 60-day period. The most valuable cryptocurrency in the world saw its value decline in late September, which lasted until early October. But since then Bitcoin has been giving impressive returns to investors. Till the time of writing this news, its market price is around Rs 52 lakh.
1. Online Payments: Some merchants and online platforms accept cryptocurrencies as a form of payment for goods and services.
2. Investment: Many people buy and hold cryptocurrencies as a form of investment, hoping that the value will increase over time.
3. Trading: Cryptocurrency trading involves buying and selling digital assets on exchanges to take advantage of price fluctuations.
4. Remittances: Cryptocurrencies can be used for international money transfers, providing a potentially faster and more cost-effective alternative to traditional methods.
5. Decentralized Finance (DeFi): Engaging in decentralized financial services, such as lending, borrowing, and yield farming, using blockchain-based platforms.
the specific ranking of cryptocurrencies can be volatile and subject to change. However, some commonly recognized cryptocurrencies include:
Bitcoin Cash (BCH)
Binance Coin (BNB)
Keep in mind that the cryptocurrency market is dynamic, and rankings can shift based on market trends and developments. For the latest information, it’s recommended to check real-time cryptocurrency market data from reliable sources or cryptocurrency tracking websites.
the legal status of cryptocurrencies in India was evolving. The Reserve Bank of India (RBI) had imposed a banking ban on cryptocurrency transactions in 2018, but the Supreme Court of India lifted this ban in March 2020, allowing individuals and businesses to engage in cryptocurrency trading.
However, it’s essential to note that regulatory policies can change, and it’s advisable to check for the most recent updates from official sources or legal experts, as the legal status of cryptocurrencies in India may have evolved since my last update.