Indian Generation-Z investors are hopping into cryptocurrencies even when they don’t have any experience in stocks or mutual funds. With the entry of mega stars like Amitabh Bachchan and Salman Khan into this segment, the craze for cryptos is likely to take a leap.
Bitcoin, the new “Big B” among Millennials, is flexing its muscles. Its price recently hit Rs 50 lakh in India. Going by this trend, Indian investors might even buy digital tokens instead of gold during Diwali. Here are some crypto recommendations for this festive season:
The Cosmos ecosystem has been rapidly evolving as an interoperable and independent blockchain. With a change in the core team recently, things seem to be in place for the ecosystem to perform much better. Its ecosystem includes popular projects and coins such as crypto.com and Terra Luna, which has been doing extremely well and even has an ecosystem and projects under it.
Expert: Ishan Arora, Partner, Tykhe Block Ventures
Bitcoin prices will scale new levels and ride high on the momentum propelled by Bitcoin ETFs. New entrants, like Valkyrie, have got approval from the US Securities and Exchange Commission for bitcoin futures ETF, joining the league of ProShares and VanEck. This can fuel the rise of bitcoins even further.
Expert: Sharat Chandra, a Blockchain & Emerging Tech Evangelist
Enjin Coin (ENJ)
Enjin Coin is a major player with a good exposure to the NFT ecosystem. It is a pioneer in a lot of sense for the NFT