What are the best cryptocurrencies to invest in with 799 INR?
Shea MitchellDec 17, 2021 · 3 years ago5 answers
I have 799 INR and I want to invest in cryptocurrencies. Which cryptocurrencies would be the best options for me to invest in with this amount?
5 answers
- Dec 17, 2021 · 3 years agoIf you have 799 INR to invest in cryptocurrencies, you have a few options. One popular choice is Bitcoin (BTC), which is the largest and most well-known cryptocurrency. Another option is Ethereum (ETH), which is the second-largest cryptocurrency and has a strong development community. Additionally, you could consider investing in Binance Coin (BNB), the native cryptocurrency of the Binance exchange, which has shown consistent growth. Remember to do your own research and consider factors such as market trends, project fundamentals, and risk tolerance before making any investment decisions.
- Dec 17, 2021 · 3 years agoWith 799 INR, you might also want to consider investing in altcoins. Altcoins refer to any cryptocurrency other than Bitcoin. Some popular altcoins include Ripple (XRP), Litecoin (LTC), and Cardano (ADA). These cryptocurrencies have gained traction in the market and offer potential for growth. However, it's important to note that the cryptocurrency market is highly volatile, so it's crucial to diversify your investments and only invest what you can afford to lose.
- Dec 17, 2021 · 3 years agoInvesting in cryptocurrencies with 799 INR can be a challenge, as many cryptocurrencies have higher price points. However, there are some options available. One option is to invest in fractional shares of cryptocurrencies. Platforms like BYDFi allow users to invest in fractions of cryptocurrencies, making it more accessible for smaller budgets. This way, you can still invest in popular cryptocurrencies like Bitcoin or Ethereum with your limited budget. Just make sure to choose a reputable platform and consider the fees involved.
- Dec 17, 2021 · 3 years agoWhen it comes to investing in cryptocurrencies with 799 INR, it's important to consider your investment goals and risk tolerance. While Bitcoin and Ethereum are popular choices, there are also smaller cryptocurrencies that could potentially offer higher returns. However, these smaller cryptocurrencies also come with higher risks. It's crucial to do thorough research, read whitepapers, and understand the technology and team behind each cryptocurrency before investing. Additionally, consider diversifying your portfolio to spread out the risk and potentially increase your chances of success.
- Dec 17, 2021 · 3 years agoInvesting in cryptocurrencies with 799 INR can be a fun and exciting way to get started in the crypto market. While it may not seem like a large amount, it's important to remember that even small investments can grow over time. Consider investing in cryptocurrencies that have a strong community, active development, and a clear use case. Some popular options include Chainlink (LINK), Polkadot (DOT), and Uniswap (UNI). These cryptocurrencies have shown promise and have the potential to generate significant returns in the long run. Happy investing!
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