As Indian investors rush to buy crypto dips, here are top tokens in focus

economictimes.indiatimes.com:

crypto assets in 2022, the digital token market is getting its mojo back, with increased interest from investors. Major crypto assets have seen a sharp rebound in the last one week. Barring the US dollar pegged stablecoins, all other top 10 digital tokens have rallied more than 20 per cent in the last seven days, with Terra zooming up to 75 per cent. Bitcoin and Ethereum have marched 25 per cent each. Amid the global volatility, the demand for the virtual asset class has increased with daily traded volume hovering around the $100 billion mark, the coinmarketcap data suggests.

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According to the data from India's leading exchange, domestic investors too are making most of it, particularly after the budget announcements, which are seen as a major booster for the crypto segment. Market analysts said that domination of millennials and generation Z has been halted. Gaurav Dahake, CEO and Founder Bitbns said that sign ups from users over 35 years in age have increased lately. «Investors are growing mature in terms of crypto investments,» he added. «They are not panic selling on dips and are cautious over their investments.» Minal Thukral, Executive Vice President, Growth, and strategy, CoinDCX said that panic selling is now not so prominent. «A number of investors are buying the dip. With the market rebound, there is a slight increase in the sell ratio.» According to exchanges data, smaller cities and towns have witnessed a sharp rise in the volumes, leading the buying on dips, while top cities have remained stagnant for some time. The major contribution of volumes has come from Tier II, Tier III and smaller cities,