While Mumbai is referred to as the financial capital of India, and Bengaluru is the Silicon Valley of the country, the national capital of Delhi surpassed them with the highest percentage of cryptocurrency investors in the country.
One city topped Mumbai and Bengaluru in the rankings of cities with the highest cryptocurrency investors, according to a recent CoinSwitch report.
More Than 19 Million Investors In Delhi of cryptocurrency
A digital money venture stage CoinSwitch report expressed that there are north of 19 million crypto financial backers across India. Delhi is the digital currency capital of the country, with an additional financial backer rate than Mumbai and Bengaluru.
Delhi has 8.8 percent crypto investors, with Mumbai and Hyderabad retaining the second spot in the list. Further, Bengaluru was on the fourth spot, with 8.3 percent of cryptocurrency investors.
Top Cities Account For 20% of Investments
- Together, Delhi, Mumbai, Hyderabad, and Bengaluru represent 20% of the nation’s absolute digital money financial backers.
- The report likewise featured how much cryptographic money financial backers in level II urban communities.
- In the level II urban communities across India, the most noteworthy financial backers are in Pune, Jaipur, and Lucknow.
- The biggest ventures by most individuals were made towards the enormous market capitalization of digital forms of money like Ether and Bitcoin.
Most popular cryptocurrencies in India
The CoinSwitch report said that the most popular cryptocurrency that people wanted to invest in was Dogecoin, accounting for 11 percent of the total invested value. The second and third in the list is Bitcoin (8.5 percent) and Ethereum (6.4 per cent).
Meanwhile, Solana (SOL) was the best-performing cryptocurrency in the entire country, surpassing Bitcoin and Ether. SOL showed an overall growth of 633 percent in the Indian portfolio.