What is the best cryptocurrency to invest in right now?
There are over 9,000 cryptocurrencies that you can choose from if you want to invest in cryptocurrencies. The largest cryptocurrency is Bitcoin followed by Ethereum and then there are other altcoins. Bitcoin dominates roughly 55% of the crypto markets, mainly used as a digital currency and has grown by over 100% since the beginning of 2021 while Ethereum provides plenty of use-cases apart from being just a digital currency.
The market for Non-Fungible Token (NFT) and Decentralised Finance (DeFi) has increased rapidly. Cryptocurrency space is evolving continuously and apart from Bitcoin and Ethereum, there are other interesting projects too that you can choose from in NFTs and DeFi.
Today You can easily invest in cryptocurrencies in India. But, before selecting a crypto, it is important to look at the fundamentals of each and do your own research to minimize the risk associated with investing in cryptos. Keep your disposable income and risk appetite in mind before diving into it.