Delhi tops crypto investment with young investors driving surge (2024)

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Delhi tops crypto investment with young investors driving surge? ›

Synopsis. Recent data from Coins with report reveals that Delhi boasts the highest percentage of cryptocurrency investors in the country. However, the phenomenon extends beyond Delhi's borders, with other cities like Hyderabad, Pune, and Jaipur also witnessing a surge in crypto adoption.

The recent surge in cryptocurrency prices, coupled with positive developments such as the approval of Bitcoin Spot Exchange Traded Funds (ETFs) by regulatory authorities, has fueled expectations for further gains. Additionally, anticipation is building around the upcoming Bitcoin Halving event scheduled for April 2024.

Rollblock (RBLK) is becoming one of the most prominent altcoins. Thanks to its long-term growth potential, this stage 1 presale star has the potential to compete with huge coins such as Solana (SOL), Avalanche (AVAX) and Binance Coin (BNB). In fact, certain analysts peg this rookie as the next 1000x altcoin in 2024.

Being a project that stands out for several reasons, EarthMeta could potentially be the next 1000x in crypto space. Since the project integrates AI with the Metaverse, creating a decentralized digital world, it allows users to own, govern, and interact with virtual cities and assets, providing a unique experience.

In the dynamic landscape of cryptocurrency, these ten coins, including TRON, Shiba Inu, Astar, Kaspa, Dogecoin, Stellar, Kava, Polygon, Cronos, and VeChain, present diverse potentials for reaching the $1 milestone in 2024.

The world's first cryptocurrency, Bitcoin, has the largest market capitalization. Its established network, limited supply, and growing institutional adoption make it a relatively safe haven in the volatile crypto market. Bitcoin grew by 155% from the start till the end of 2023.

What will $100 of Bitcoin be worth in 2030? ›

If this pattern continues into 2030, the price could peak around 2029 or 2030, potentially aligning with Wood's price prediction. If Wood is correct and Bitcoin reaches $3.8 million, a $100 investment in Bitcoin today would be worth $5,510 in 2030. This translates to a compounded annual growth rate (CAGR) of over 95%.

So, at most 1.89 million people in the exchanges own 1 bitcoin. This is just a theoretical number. In reality, it is much less than this. For these 1.89 million bitcoins, we roughly use the 80/20 rule: 80% of retail investors in the exchanges only own 20% of 1.89 million bitcoins, 189×20% ≈ 379,000.

Here are the top crypto coins we recommend as the best crypto to buy now: PlayDoge ($PLAY), Sealana ($SEAL), WienerAI ($WAI), Binance Coin (BNB), XRP (XRP), and Solana (SOL).

Cryptocurrency is not legal tender in India but legal to invest. To convert to cash: broker exchanges, crypto debit cards, peer-to-peer exchanges. Fees apply: Exchange fees, network fees.

To buy bitcoins in India, investors are required to place an order on a cryptocurrency exchange. After placing the order, the investors can transfer the amount to the crypto exchange from their bank accounts. You can also use alternative modes of payment, like NEFT and RTGS, as credit and debit cards.

Legality of Cryptocurrency Trading in India

In 2020, the Supreme Court of India overturned this RBI circular, ruling that the ban was unconstitutional. This landmark judgment paved the way for the legalization of cryptocurrency trading in India.

The next token with the potential to explode in 2024 is Pepe Unchained ($PEPU). This is a meme coin that is built on Ethereum's layer-two (L2) blockchain. Thus, it offers high staking rewards, reduces gas fees, and fast transaction speed.