Best cryptocurrency to invest in 2021 and exchange that allows cryptocurrency trading in INR in India

1. Best cryptocurrency to invest in 2021 and ​exchange that  allows cryptocurrency trading in INR in India  cryptocurrency is now an industry that grows tremendously every day and no one is  willing to be indifferent It’s no longer just digital cash Instead, it is a huge investment  opportunity that attracts the attention of large organizations, investors, and traders  worldwide.  This new and experimental market is huge with more than 800 digital assets listed on  different popular exchanges like ​Cryptocurrency Market Capitalizations |  CoinMarketCap​. These are borderless and decentralized coins and probably why they  are referred to as people’s currency. The coin values are set by market forces of the  particular coin, which is a direct result of human sentiments and not an individual’s or  institutional decision. There are many types of cryptocurrencies. It’s up to you where you  want to invest.  In 2020, most people are investing in cryptocurrencies in India. Have you ever thought  about why? Well, there are a lot of good reasons why people are choosing to invest in  this new form of cash. Some reasons have to do with the coin itself, other reasons are a  result of the global financial trend. Other reasons are simply due to the maturing of the  cryptocurrency investing industry as compared to traditional investing. Here are the 5  top reasons why investing in cryptocurrencies is the best option for you?  The Potential for Huge Profits  It is a known fact that people are getting rich and are receiving bigger benefits from  investing in cryptocurrencies. Initially, when Bitcoin investing first started to take off a  decade ago, each BTC worth was merely about $0.30. In the next few years, that number  leaped to $13 then to $700, and eventually to an all-time high of just under $20,000 in  2017. Today, BTC is usually trading between $9000 and $11,000. Those who have  identified the potential of cryptocurrencies in their initial days and invested in them have  made a huge profit in the past few years.  But, one should keep in mind that the crypto market is highly volatile and quite risky. If  there is a possibility that cryptocurrencies go up and up and up, there is also a possibility  that it does the same in the opposite direction. The Bitcoin value mentioned above  illustrates this quite well. So, for investors, it becomes important to analyze the market  before investing to avoid loss.  Based on Blockchain Technology  Cryptocurrency is built on blockchain technology. This technology has great potential to  establish itself as an independent technology soon. Many people believe that this is one  of the inventions in human history which is going to reshape the global economy. Due to  Blockchain’s strong security and adaptability features, this technology is gaining 

2. mainstream adoption rapidly across the world. Powerful features of blockchain  technology have brought digital assets like cryptos in existence and thereby opened a  new gate of investment for people all around the world.  Blockchain lies at the core of crypto payment networks. Hence, investing in  cryptocurrency could be a better decision to put your money into the new technology of  the future. Any emerging technology with a large number of people in it is bound to  grow. This growth may unlock the potential for high returns in the long run.  Varied Options Available for Investment  When Bitcoin was the only coin in the market, only a few exchanges were available to  buy and sell it. Due to this, only limited people could invest. That continues to change as  more cryptocurrencies are being created. In the current scenario, around 5,000  cryptocurrencies are being traded and many more are being developed continuously.  And as the number of investment options increases, so do the exchanges.  As the number of coins and exchanges has increased so as the number of investors.  Investors are now able to find cryptocurrencies according to their choice and at a price  that keeps them comfortable. Like the rest of the investment, they will not all be winners  but many have great potential as a good investment vehicle. Top cryptocurrencies such  as Ethereum, Tether, Ripple, Litecoin, and Bitcoin Cash among others are all seen as  good investments in 2020.  You will Certainly Use It in the Future  It is said by many that you are not using cryptocurrencies today, you are certainly going  to use them in the future. The reason is that businesses are getting more and more  involved in the crypto and blockchain startups popping up here and there in different  spheres of business.  Also, during this period of economic slowdown which has been caused due to COVID-19,  it is clearly illustrated just how interconnected the world’s economy is. This is the reason  why people are shifting from stocks to cryptos. Most of the features point to the fact  that cryptocurrency will be a very viable form of currency in the future and is something  that more companies and investors will adopt and accept in one form or another. There  are huge possibilities of widespread and mainstream use of cryptocurrencies in the  future which will be beneficial for crypto fanatics.  Cryptocurrency as a Mode of Payment  The primary function of cryptocurrencies is to enable borderless transactions between  people without the need for any intermediary and to maintain a high level of privacy.  These features of cryptos create a good chance for these digital coins to be used for  daily transactions, just like other current forms of digital payment. 

3. Hence, it can be said that cryptocurrencies will become a global form of digital payment  shortly. It’s highly likely that we will be able to use cryptocurrency for transactions as it is  being increasingly accepted by banks, companies, vendors, ATMs in some countries. All  of these factors will add further impetus to crypto coin adoption and will cause its value  to grow.  cryptocurrency exchanges in India allow trading in INR  currency?  In India, there are various cryptocurrency exchanges where traders and investors can  easily buy, sell, and store coins as per their choice. There are local as well as  international exchanges that allow Indian traders to trade cryptocurrencies like ​BTC to  INR​. However, when we are talking about the best​ Indian crypto exchanges​, PCEX  Member, CoinDCX, Zebpay, and WazirX are a few trading platforms that allow the buying  and selling of coins using the Indian Rupee.