Despite growing popularity and regulatory uncertainty in India, cryptocurrencies remain volatile.
These are the top five cryptocurrencies that have performed the most in the past five-and-a half months.
According to WazirX, the world’s largest cryptocurrency market capitalisation traded at Rs 43.3 lakh as of April 1, 2021. In mid-April, it reached a record of over Rs 50 lakh. It has fallen to Rs 22 lakh since then and recovered to over Rs 37.3 lakh by September 19.
Vitalik Buterin, a programmer, founded Ethereum in 2013. It was trading at Rs 1.22 lakh on April 1 and has steadily risen to Rs 2.65 lakh by September 19.
Tether has experienced a wild swing. It traded at Rs 74 on April 1, and as high as Rs. 91 on April 18. It traded around Rs 77-78 on September 19.
The Cardano Foundation, based in Zug (Switzerland), oversees the development of Cardano’s cryptocurrency platform. On April 1, the cryptocurrency traded at Rs 888 and rose to Rs 180-184 by September 19.
Binance Coin – BNB
Binance Coin’s price has risen from Rs 23,000 to Rs 32,000 by April 1st, to Rs 32,000 by September 19. It had risen to Rs 54,000 in May before plummeting to Rs 17.