December 09: The current bear market, particularly after the FTX crash, means one thing - the best crypto assets are available to buy at a major discount. Even large-cap tokens like Bitcoin and Ethereum have since dropped by more than 70% from their prior highs, offering an attractive entry price.
This beginner's crypto guide aims to rank and review the Best Crypto tokens to invest in right now in India for High Returns and their upside potential.
What is Cryptocurrency?
In simple words, cryptocurrency is a digital asset. The name originates from the fact that all its transactions are highly encrypted, making the exchanges highly secure. It is decentralized in nature, unlike traditional currencies, which are managed and controlled by a central authority.
Top Cryptocurrencies you can buy now, according to our own research findings, can be found on the list below:
1. VITA INU TOKEN ($VINU): VINU stands out from other meme coins because they are fast, feeless, and energy-efficient. In general, the trending dog coins lacked viral tokens. As a result, none of the coins currently available on the market was quick or costless, and they lacked native smart contracts. By closing the gap, VINU has created a truly universal meme coin that anyone can use immediately without the need for an additional token to cover transaction fees. We can definitely say it's the best crypto meme token in the market right now.
The majority of meme coins are constructed on mining-required blockchains. Because the VINU team built VINU on Vite, there is no need for mining, making VINU significantly more energy-efficient and environmentally friendly than other meme tokens. Additionally, unlike most meme coins, they are deeply committed to transparency. All major decisions are clearly stated by VINU and are communicated to its members. Additionally, they are dedicated to paying the extended project team of community volunteers fairly. This is opposed by many meme coins that underpay and even abuse the labour of community volunteers. You can buy VINU tokens at Bybit , The best cryptocurrency exchange in India right now, or any other exchange of your choice.
2. Trace Metaverse ($TRC) Token: The most trending blockchain-based crypto play-to-earn game at this moment, Trace Metaverse , is in the news after announcing a fundraising of 3.5 million USD through token sales and NFT sales. Trace is the first Drive and Earn project in the world. In fact, this is the same Move & Earn, but in order to earn money, you need to buy a car instead of sneakers and move at a speed of more than 10 km / h. Any transport is suitable, even a bus.
While the top metaverse projects are developing on the PC/VR device market, Trace is creating a metaverse for smartphones for the first time in the world, and the mobile games market is many times wider than PC and especially VR. The chances of collecting many players are extremely high. Trace has announced its partnership with a famous crypto exchange Bitmart and the most promising blockchain, Polygon (Polygon Studios), to create a bigger gaming metaverse world.
Trace has made its own geolocation platform spending 4 years of time. This allows users not to depend on permission to work with Google Maps and to be mobile. Trace's income comes from in-app purchases, transaction fees, in-app advertising, and brand collaborations, making the project quite sustainable. Trace governance token ($TRC) has only 5,000,000,000 token issuances, which makes the token rare considering a metaverse possible market share of 3 trillion dollars.
Trace will soon make its limited NFT sales; you may love to buy some rare NFTs so that you can be eligible to buy the token at their token pre-sale. You can join the Discord community , Twitter Page, or Telegram community of Trace Geometaverse to stay updated.
3. Heart Of Shades ($HOS): Every woman out there is probably bullish on Heart of Shades at this moment in the rally of the cosmetics industry, joining Web3. India's first-ever luxury cosmetic brand, "Heart Of Shades™ ", is bringing Web3 and luxury together with prominent use of Web3, Crypto, and NFTs."The character of Heart Of Shades™ is all about knowing yourself. Someone whose presence changes the dynamics of any environment. No matter what ethnicity, colour, or features they have, with Heart Of Shades, aka HOS, one transcends into a dame to kill for," said Niharika Dolui, The CEO and Co-Founder of the start-up who is among the evolving CEOs in India by Global Business Line. Launching in 2023, HOS (Heart Of Shades) is the only web3 luxury cosmetics start-up to fight with products like Charlotte Tilbury, Bobby Brown, and others. Heart Of Shades's vision is different from affordable Indian beauty brands like Mamaearth, Sugar, etc. It is definitely on the list of top new crypto launching in India.
4. Rocki ($ROCKI): ROCKI is a next-generation music NFT and music streaming service designed to solve some of the most fundamental problems of the music industry. Powered by the ROCKI token, it is the first platform that rewards both the artists for their streams and the listeners for their participation. This app has a high potential to be successful in India and other countries
5. AVALANCHE ($AVAX): AVAX is used to pay transaction processing fees, secure the Avalanche network, and act as a basic unit of account among blockchains in the Avalanche network. Avalanche (AVAX) is in the top ten by market cap with a bullish performance of 3,100%, ahead of top crypto assets such as BTC, ETH, BNB, ADA, and DOT, according to CoinMarketCap data.
6. TamaDoge: TamaDoge is a play-to-earn (P2E) decentralized project offering staggering returns to investors. Tamadoge (TAMA) is the native cryptocurrency of the Tamaverse – a virtual environment where players can compete for in-game rewards.
$TAMA can be leveraged to purchase Tamadoge Pet NFTs minted using smart contract functionality. Each pet offers unique characteristics and can be bred and grown by buying additional virtual items from the Tama store. Notably, these digital avatars will function as playable NFTs – players can use their Tamadoge Pets to compete for points on a monthly leaderboard. Whenever TAMA is bought on the ecosystem, 65% of the tokens spent are distributed among P2E prize pools and given as rewards.
7. Polygon ($MATIC):?Polygon is the first well-structured, easy-to-use Ethereum scaling and infrastructure development platform. Polygon effectively transforms Ethereum into a full-fledged multi-chain system (Internet of Blockchains). The $MATIC token will continue to exist and will play an increasingly important role in securing the system and enabling governance. Now users can buy Polygon without any trading fee at the fastest-growing crypto exchange in India, Bybit, which is also the third most-visited exchange in the world. Recently they announced partnerships with Disney, Instagram, Facebook, and many more. Matic can be your steady bet if you are a fan of Layer 2.
8. Social Good Token ($SG): Social Good (SG) token is the token by Social Good Foundation founded by Mr. Soichiro Takaoka. It became really popular in India as Abhyudoy Das, one of the best crypto influencers in India, worked as their Indian advisor. The more users shop through the SocialGood App, the more assets they earn. There are over 2 million users from more than 200 countries and territories worldwide. The app has partnered with over 1,800+ major shopping websites, and users can earn SocialGood ($SG) cryptocurrency in proportion to how much they spend at these stores. Social Good Foundation Inc. has registered 68 patents in Japan, including their patented Crypto Back system.
9. Ethereum ($ETH):?A decentralized software platform called Ethereum ($ETH) makes it possible to create and manage smart contracts and decentralized apps (dApps) without the need for a third party’s oversight, control, or interference.?You can buy Ethereum at the best exchange in India, Bybit.
10. Cardano ($ADA):?An "Ouroboros proof-of-stake" cryptocurrency called Cardano ($ADA) is also popular in India
Who are the best Crypto Influencers in India at this moment?
There are around 15 to 20 million active cryptocurrency investors in India; it is only obvious to us that to have some of the best minds in the crypto platform. Here is the list of best crypto influencers in India as shared by various media platforms and experts: 1. Abhyudoy Das 2. Nischal Shetty 3. Sumit Gupta 4. Ashish Singhal 5. Sandeep Nailwal 6. Ajeet Khurana 7. Naval Ravikant 8. Balaji Srinivasan. You may rely on them to get the best crypto advice about the Indian crypto industry and they also have an impact worldwide.
Where to trade, buy and trade Cryptocurrency?
There are hundreds of cryptocurrency exchanges available out there. You may consider buying crypto tokens ($VINU, $ETH, $MATIC, $AVAX, etc.) at the world’s safest exchange,? Bybit.com or their app . VINU is definitely one of the most priority tokens available right now. You can earn up to $4000 as a new user or by referring your friends. It's currently the best exchange in India and the 3rd biggest crypto exchange by daily derivatives volume.? Always check their safety precautions if you would like to trade at another exchange.
Please remember new popular and most wanted tokens like Trace ($TRC) and Heart Of Shades ($HOS) are not available in exchanges as you will be able to buy them at a discounted price, so for buying such tokens, you may follow their communities in order to stay updated.
Note: Investment in cryptocurrency has risks like any investment platform. Please do your own research before making the final investment decision.
Disclaimer: THE WEEK shall not in any manner, be responsible and/or liable in any manner whatsoever for all that is stated in the article and/or also with regard to the views, opinions, announcements, declarations, affirmations etc., stated/featured in same. The decision to read hereinafter is purely a matter of choice and shall be construed as an express undertaking/guarantee in favour of THE WEEK of being absolved from any/ all potential legal action, or enforceable claims. The content may be for information and awareness purposes and does not constitute a financial advice.