Cryptocurrency has boomed a lot in the past few years and has extended to various countries. In India, thanks to the recent regulatory laws on cryptocurrency, the people have started to educate themselves and invest in crypto. If you are one of those people who wants to invest in digital currency but don’t want to risk losing a lot of money, then you’ve come to the right place. While cryptos like Bitcoin and Ethereum (ETH in INR) give high returns, they are equally volatile in nature and might cause you to lose money. If you are risk averse and simply don’t want to invest too much of your hard earned money, then you can start small. Here is a list of the cheapest cryptocurrencies that you can buy for a very small amount.
POLYGON (MATIC)
Polygon, previously Matic, was released in 2017 as a developer-for-developer Ethereum scaling solution. It allows Ethereum to execute transactions quicker and cheaper. Polygon also allows Ethereum to communicate with various blockchains and share data. It also lets developers create their own blockchains. One MATIC token costs 83 rupees only. It has grown tremendously in the past year and is still the cheapest coin to acquire.
CARDANO (ADA)
Created by one of Ethereum’s co-founders, Charles Hoskinson, Cardano calls itself the most eco-friendly coin. It is closely like ethereum in some aspects although it’s a more flexible, scalable, and energy-efficient smart contract platform. 1 Cardano token is approximately valued at 98 rupees and you can buy a few tokens without spending much. It has grown over 600% in recent years. With its low energy requirements, it can be mined more easily as compared to energy-intensive coins like Bitcoin, which signifies great future potential. It is aiming to strike the balance between energy efficiency, privacy and regulatory compliances.
DOGECOIN
Jackson Palmer and Billy Markus invented Dogecoin in 2013 as a parody of the Shiba Inu meme dog. It was made to criticize investors who blindly buy assets. Unlike Bitcoin, Litecoin, and others, it is an emotive cryptocurrency. It is so popular not because it addresses a problem, but because of the emotions associated with it. Dogecoin’s thriving community can help you achieve quick gains with very little investment. Dogecoin is now the sixth-largest cryptocurrency by market valuation, up more than 4000% in a year. Dogecoin is the second-highest performing cryptocurrency, and one of the cheapest to acquire.
STELLAR (XLM)
Stellar is a public blockchain network that connects financial institutions to facilitate large-scale transactions. Bank and investment company transactions that were formerly costly and inefficient may now be conducted instantaneously and at a fraction of the cost without the need of middlemen. Lumens (XLM) are Stellar’s coins, and users must hold Lumens in order to transact on the network. Stellar was founded by Jed McCaleb, co-founder of Ripple Labs and architect of the Ripple protocol. Stellar Lumens were valued around 14 rupees in February 2022, with a market cap of little under $6 billion, and are predicted to expand in 2022. These are one of the cheapest cryptocurrency available in the market to buy right now.
TRON
Decentralized content sharing platform Tron Like social media, it lets users generate and distribute material without a centralized authority. It intends to become a content hub independent of other Tech giants. 1 Tron token is currently valued at approximately 4 rupees making it a cheap investment which will give good returns. Tron is predicted to grow in the coming year significantly.
With these cheap cryptocurrencies, you can not only diversify your portfolio but also make sure that little money invested gives you high returns.