India is an interesting place when it comes to crypto. Its largely unbanked population has turned to crypto as a way of finding financial inclusion.
However, the government has been suspicious of cryptocurrencies and has brought regulation to even stifle its growth. Nonetheless, the industry continues to thrive. Therefore if you’re in India and looking to invest in crypto, you’re just one of millions of Indians toeing this path.
But which assets should you buy? That is the question we’ll try to answer in this guide. We have selected a list of five of the best crypto assets you can invest in as an Indian, especially for the short term. Just read on to find out.
Dogecoin (DOGE)
DOGE has a reputation as a memecoin with little to no utility. However, the memecoin has brought reward to many investors over the years. In 2021 specifically, DOGE was a top performer that made many investors smile.
Although it is said that past performance isn’t a guarantee of future performance, it is likely that DOGE still has a few tricks up its sleeves. If you have been following the crypto market closely, you know that we’re in another bull cycle.
This means it’s another opportunity to latch onto this coin and benefit from its potential returns in this season. One thing that makes DOGE attractive to many is the fact that it is still considerably low in value, which makes it affordable, so take advantage of it.
Shiba Inu (SHIB)
Shiba Inu is another meme cryptocurrency with much potential. It is currently the second largest meme token by market cap, and though it is also regarded as a “worthless” token, it has proven otherwise over the years.
With its new developments and the burn mechanism, the supply of SHIB is being reduced constantly which will potentially boost value. Investors are also rushing to the token now, seeing the potential it has to make them profits.
Though not doing so well right now, the token went to almost 300% a week recently, and this could be just the beginning of big things with SHIB.
Solana (SOL)
Solana is the biggest alternative to Ethereum currently, with higher efficiency, speed, and lower cost. Because developers and users have been moving to it, the value of SOL, the native token of the network, has been on the rise.
It is currently the 5th largest cryptocurrency by market cap, and also one of the best performing assets in 2023. Even in 2024, SOL is one of the top performers and continues to push upward regardless of the market performance.
At the time of writing, the price is still much lower than the all-time high price, and the asset is expected to far exceed the all-time high in this cycle. That means it is almost a certain investment if you can only wait for a short time.
Binance Coin (BNB)
This is another potential gold mine, as it is one of the best performing assets in times of volatility. In the past, the token which is used to power all things connected to Binance has been doing well and this is yet another cycle.
Even currently, BNB is leading the top ten assets with a 28% gain in the last seven days. If you can buy it now and then wait, you may gain from this gem.
Polygon (MATIC)
Polygon is a promising project that serves as a layer 2 scaling solution for Ethereum. Over the years, it has also grown in popularity, owing to the speed and low cost of use. It still remains a great potential investment, as many people will run to it.
MATIC, the token used on the network is therefore expected to shoot in value too. It is currently one of the best performing assets and in this cycle greater things may be underway, so look out for it.
