Cheapest Cryptocurrencies in India to Buy in 2022 | Top 10 cheap cryptocurrency in India

Top 10 cheap cryptocurrency in India

These days, you might have noticed the euphoria of Cryptocurrencies. Everybody is talking about this. Even though the Government put strong regulations on trading in Cryptocurrencies, the enthusiasm about crypto in the masses has not reduced much. From a college goer to reputed financial expert, from Bollywood superstars to Cricket players, everybody is excited about cryptos.  Further, the advertisements of cryptos on television intensified this excitement. As you are reading this article, you also must be interested in Cryptocurrencies. But investing in Cryptocurrencies is not an easy task as most of the prominent cryptos are highly priced. For example, the most famous crypto Bitcoin is now trading at, while the 2nd most popular crypto Ethereum is trading at Rs. For a normal trader/investor these amounts are too much. So, you might be looking for some cryptocurrencies which are priced low. That is why in this post we are going to tell you about the top 10 cheap cryptocurrencies in India. 

Shiba Inu

Shiba Inu is a meme cryptocurrency built on Ethereum. It is dedicated to building the best-decentralized ecosystem. Shiba Inu coin was created anonymously in August 2020 under the pseudonym “Ryoshi.” Ryoshi says about himself that he is a nobody and not important and that the efforts to unmask his identity, even if successful, would be underwhelming. Shiba Inu is believed to be the “DOGECOIN KILLER” and is listed on their own ShibaSwap, a DEX. 

This meme coin quickly gained speed and value as a community of investors was drawn in by the cute charm of the coin paired with headlines and tweets from personalities like Elon Musk and Vitalik Buterin. Vitalik Buterin was long believed to be the originator of Shiba Inu. As of 4th March 2022 Shiba Inu is trading at Rs. 0.001954/-.

Quark Chain

The QuarkChain Network is a permissionless blockchain architecture that aims to meet global commercial standards. It aims to provide a secure, decentralized, and scalable blockchain solution to deliver 100,000+ on-chain TPS. As of 04.03.2022, it has a market cap of $99,206,123. As of 4th March 2022 Quark Chain is trading at Rs. 1.24/-.

Tron

TRON is a blockchain-based operating system that aims to ensure this technology is suitable for daily use. Whereas Bitcoin can handle up to six transactions per second, and Ethereum up to 25, TRON claims that its network has a capacity for 2,000 TPS.

This project is best described as a decentralized platform focused on content sharing and entertainment — and to this end, one of its biggest acquisitions was the file-sharing service BitTorrent back in 2018.

Overall, TRON has divided its goals into six phases. These include delivering simple distributed file sharing, driving content creation through financial rewards, allowing content creators to launch their own personal tokens, and decentralizing the gaming industry. TRON is also one of the most popular blockchains for building DApps. As of 4th March, 2022 Tron is trading at Rs. 4.62/-.

IOST

IOST is a full-blown decentralized blockchain network and an ecosystem comprising of nodes, wallets, and DApps. It aims to be the architecture that seeks to meet the scalability needs of a decentralized economy. The protocol’s functional aspect resembles that of Ethereum, EOS, etc however, IOST claims to be much faster. As of 4th March 2022, IOST is trading at Rs. 1.89/-.

Zilliqa

Zilliqa is a public, permissionless blockchain that is designed to offer high throughput with the ability to complete thousands of transactions per second. It seeks to solve the issue of blockchain scalability and speed by employing sharding as a second-layer scaling solution. The platform is home to many decentralized applications, and as of October 2020, it also allows for staking and yield farming. As of 4th March 2022, Zilliqa is trading at Rs. 3.27/-.

DigiByte

DigiByte (DGB) is an open-source blockchain and asset creation platform. Development began in October 2013 and the genesis block of its DGB token was mined in January 2014 as a fork of Bitcoin (BTC).

A longstanding public blockchain and cryptocurrency, DigiByte uses five different algorithms to improve security, and originally aimed to improve the Bitcoin blockchain’s security, capacity, and transaction speed. DigiByte consists of three layers: a smart contract “App Store,” a public ledger, and the core protocol featuring nodes communicating to relay transactions. As of 4th March 2022, Zilliqa is trading at Rs. 1.56/-.

Ankr

Ankr is a decentralized blockchain infrastructure provider that operates an array of nodes globally distributed across over 50 Proof-of-Stake networks. This infrastructure helps drive the growth of the crypto economy while powering a full suite of multi-chain tools for Web3 users. As of 4th March 2022, Zilliqa is trading at Rs. 5.42/-.

VeChain

VeChain (VET) is a versatile enterprise-grade L1 smart contract platform.

VeChain began in 2015 as a private consortium chain, working with a host of enterprises to explore applications of blockchain. VeChain would begin their transition to public blockchain in 2017 with the ERC-20 token VEN, before launching a mainnet of their own in 2018 using the ticker VET.

VeChain aims to use distributed governance and Internet of Things (IoT) technologies to create an ecosystem that solves major data hurdles for multiple global industries from medical to energy, food & beverage to sustainability and SDG goals. By leveraging the power of trustless data, VeChain is building the digital backbone that will underpin the fourth industrial revolution, which demands real-time and trustless data sharing between many participants. As of 4th March 2022, VeChain is trading at Rs. 4.15/-.

NEM

NEM (New Economy Movement) is an ecosystem of platforms that use blockchain and cryptography to provide solutions for businesses and individuals. XEM is the native cryptocurrency of NEM’s NIS1 public blockchain.

NIS1 operates in a similar way to Bitcoin (BTC): it has a network of distributed independent nodes that process and record transactions on a public ledger called “blockchain.” These nodes are incentivized to contribute their time and computing resources and remain incorruptible via transaction fee rewards; these rewards are paid out in XEM coins to each node that manages to add a new block of transactions to the end of the blockchain.

However, NIS1’s blockchain has a number of unique features that set it apart from Bitcoin and most other cryptocurrencies. The alpha version of NIS1 — or NEM as it was known at that time — was launch NEM is trading at Rs. 7.89/-.

DogeCoin

Dogecoin (DOGE) is based on the popular “doge” Internet meme and features a Shiba Inu on its logo. The open-source digital currency was created by Billy Markus from Portland, Oregon, and Jackson Palmer from Sydney, Australia, and was forked from Litecoin in December 2013. Dogecoin’s creators envisaged it as a fun, light-hearted cryptocurrency that would have greater appeal beyond the core Bitcoin audience since it was based on a dog meme. Tesla CEO Elon Musk posted several tweets on social media that Dogecoin is his favorite coin. As of 4th March 2022, DogeCoin is trading at Rs. 10.02/-.

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Conclusion

Cryptocurrencies are very volatile. Hence, while trading/investing in cryptocurrencies, you should check all the other parameters carefully. 

Disclaimer: – Investing/Trading in Cryptocurrency is always risky. So before investing in Cryptocurrency, all kinds of analysis are to be done. The author of this post or anyone associated with this blog will not be liable in any way if anybody makes a loss by trading/investing in cryptocurrency after reading this post.

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