Long-awaited result on future of cryptocurrency in India was announced in January 2020. The case conducted in Supreme Court and filed by RBI. It almost takes 2 years to announce results and now finally cryptocurrency is now officially legal In India, where most of inactive Indian exchange platform such as Zebpay, coinmama and unocoin, after result resume trading on their platform.
The reason behind banning cryptocurrency in India was simple. There was thousands of cases reported in police station about frauds, as this causes due to sudden drop in Bitcoin and other altcoin prices. India is not first to banned cryptocurrency trading, but china was the first country who banned operation of digital currency and after that real problem was started. The most traded coin i.e. Bitcoin was dropped from $20k USD to almost $7 USD in just 3 months. In India there are thousand agencies where people started investing money to get better ROI, but due to this loss company not able to return their money.
Best Cryptocurrency List
Now you are here to know which are Indian origin cryptocurrency and why they going to next big in crypto market.
- WRX: the most of you heard about Indian trading platform, WazirX which is founded by Nischal Shetty. Later this platform launched own token WRX Coin in February 2020. The WazirX is now India’s most used trading platform for crypto Exchange and it has more than 50 coins to Exchange. As WaizrX Recently acquired by Binance which has highest worth per day transaction. the main reason why WRX is my recommendation is because in less than 3 month of listing on coin market, it already in the top 200 list sorted by market cap, as if the per addition of market cap will continue for more than 4 month, then chances of WRX to enter into top 100 list will be higher. Considering ROI which is almost 14%, as after launching WRX was dropped by almost 30%. Since march 2020 there Is no big growth in seen in the prices of WRX, but the expectation of going bullish is higher in future.
Buy Now: WRX Coin
|Total Supply||1,000,000,000 WRX|
|Based on||Binance Blockchain|
|All-time Best Price||$0.22 USD|
|Other Trading Platform||Biki, Binance, Sistemkoin, Bilaxy, CoinDCX.|
- BNS: BNS Token is launched by BitBNS another Indian cryptocurrency exchange platform founded by Gaurav Dahake. Currently BNS Token is available in Token sales only. The BNS token sale is on last phase i.e. 4th phase with price $0.032 USD with minus purchase of 30 USD. this cryptocurrency is second official active cryptocurrency in India. the BNS Token offers Banking service such as cryptocurrency loans, Investment, Remittance at internal level and at last using BNS token you can do online, offline shopping. it also fulfilled basic aspects such as low transaction fees, ubiquitous, Secure network and faster transaction. OKEX will become partner with Bitbns and also in 2020 Bitbns payment gateway will be launched in August. The Cryptocurrency payments integration with amazon is schedule in June 2020 and along with trading will be available for international level, where Bitbns going to launch in more than 30 counties.
Buy Now: BNS Token
|Based on||ERC-20 Ethereum Blockchain|
|All-time Best Price||$0.034 USD|
|Other Trading Platform||NA.|
Both cryptocurrencies are backed by their trading platform, as they have advantage because company to boost token sale always schedule reward program. And also using their own token trader can buy any of listed crypto, so this going to help in both cases. It’s very difficult choice to choose one of them, but my choice will be BNS Token at this moment. The reason is simple BNS Token after pre-sale finally finished and gets listed on coin market cap. Then it will start giving growing with huge percentage and that can give you higher ROI in less time. If you missed to Buy BNS token in pre-sale, then smartest choice will be WRX Coin.