IOI
Cryptocurrencies had a strong year in 2021. During the year, investment in these digital assets increased dramatically. According to media reports, 15 million Indian investors gambled on the tokens, resulting in a $6.6 billion investment. According to the latest Economic Times analysis, almost 90% of the retail investors in these tokens in India were added in 2021. Cryptocurrency has sparked remarkable interest among residents of non-metropolitan areas.
According to the article, India ranks second in the world in terms of digital adoption and twelfth in terms of crypto adoption, according to a survey published by Chainalysis in October 2021.
1. Gala (GALA)
Gala Gaming, a blockchain gaming platform, is powered by GALA, an Ethereum token. According to coinbase’s website, it can be used to purchase in-game things. According to the Economic Times, this cryptocurrency increased by a whopping 50,829 percent.
2. Axie Infinity (AXS)
The Axie infinity game’s governance token is AXS. It’s also an ERC-20 token. According to ET, this token allows users to vote on the game’s evolution. In 2021, this coin increased by 18,666 percent.
3. The Sandbox (SAND)
SAND is the native cryptocurrency of The Sandbox, a gaming platform. This coin can be used to redeem the incentives earned by the gamers. In 2021, it increased by 14,629 percent. In India, it costs roughly Rs 480.
4. Polygon (MATIC)
Matic is the Polygon network’s native cryptocurrency. Polygon assists Ethereum in becoming a multi-chain system without jeopardising the security of the network. In 2021, MATIC increased by 12,817 percent. In India, it now costs Rs 201.
5. Terra (LUNA)
Terra’s payments network uses the LUNA token as collateral. The digital token also contributes to the network’s fuelling. In 2021, it increased by 11,558 percent. In India, it now costs roughly Rs 7,765.
6. Solana (SOL)
Solana, also known as the ‘Ethereum Killer,’ wants to build a decentralised platform for digital transactions. In 2021, it increased by 10,118%. In India, it now costs roughly Rs 15,530.
