The whole valuation of the global crypto market of crypto recently stands at $2.6 trillion which is actually the same as India's gross domestic production (GDP) for all which stood at $2.6 trillion in 2020. This is according to the report of the World Bank. A huge amount of this growth came in the past year when investors were scrambling to diversify their investments amid the uncertainty of this pandemic. One of India's leading crypto groups is Wazir X, which saw a spirit of users come in, not only just from the largest cities but also from backward places and villages of the county. These cryptocurrencies have attained a very wide usage beyond simply buying to hold or HODL. Taking an example, Bitcoin wants to be a means of transaction, Ethereum is somehow building smart contracts and Ripple's XRP also wants to be a King of interoperability. Shiboshi NFTs are one of the cryptocurrencies that have been bought using Shiba Inu and are accepted as payment on online bridge services like shopping.io, by which the customers can purchase from sites like eBay and Amazon.
One of the common questions that people ask is why should people invest in cryptocurrency? These cryptocurrencies are mainly based on blockchain technology which is a cryptographically secured ledger of all the transactions conducted. That allows for decentralized, trusted transactions which are even when not controlled by a country or bank. You can easily trade on that value of fiat currencies, for like the rupee or the dollar, also for the company shares on the stock market they can also trade on the value of cryptocurrencies on a cryptocurrency exchange. Top cryptocurrencies are Bitcoin / BTC, Tether / USDT, Shiba Inu / SHIBA, Ethereum / ETH, WazirX, Dogecoin, Tron, Polygon, Cardano, Solana, Cardano, Uniswap, Chainlink, Monero, EOS, IOTA, BitTorrent, Ethereum Classic, Basic Attention Token.