After dropping by 2.17% yesterday, the global cryptocurrency market’s capital is now $1.62 trillion. In the past 24 hours, the total trading volume of the cryptocurrency market has reached the mark of 108.80B USD, a decrease of 9.77%. In addition, the trading volume of all stablecoins was US$92.46 billion, accounting for 84.98% of the total trading volume of the cryptocurrency market in 24 hours. This opens up many good investment opportunities for emerging investors who want to diversify their investment portfolios or start investing in crypto.
The first question arises Is investing in Cryptocurrency legal in India?
Interestingly, Union Finance Minister Nirmala Sitharaman has clarified that there will not be a complete ban on cryptocurrency.
So YES Investing in crypto has always been 100% legal in India and the new RBI circular clearly confirms the right to do business with crypto.
The second problem arises Choosing a suitable Crypto-exchange.
Often, the first step that takes on investment is the most important thing: choose a platform. You will have to open your account with the most suitable exchange of cryptography for you. There are several exchanges of cryptography in India, such as Wazirx, Coindcx Go, and Buyucoin, etc. For simplicity, convenience, and security measures, COINCX GO stands out to be a clear winner. The best thing about this is that it supports the INR as a FIAT currency, and can actually invest in crypts with as low as RS 10! It has a very transparent user interface that makes the entire procedure more convenient.
AND The last problem arise which cryptocurrencies have the BEST GROWTH POTENTIAL
BITCOIN
As the king of all cryptocurrencies, Bitcoin is the first of its kind with the highest liquidity value. This cryptocurrency aims to become a global, fully decentralized, unregulated peer-to-peer digital cash. Although the market is highly volatile, Bitcoin is the most stable. Although the name is synonymous with cryptocurrency, Bitcoin's popularity, demand, and adoption are expected to grow exponentially in the coming years. As the company is open to the idea of accepting Bitcoin as payment, this future has taken shape.
AND there are some coins with great fundamentals which are still available at a great price like Ethereum, Cardano, TRON, Matic, Polkadot, cosmos, BTT, Litecoin, etc.
And in this particular period of time, the crypto market is trying to recover from the recent crash, so it is the best time to invest in the market because you are getting the best coins at a discounted price.