10 affordable crypto coins for Indian investors that offer various benefits and features
Are you an Indian investor looking to explore the world of cryptocurrencies? Look no further! In this guide, we present you a curated list of 10 affordable crypto coins that have promising potential for 2024. With the crypto market constantly evolving, we know how important it is to find affordable options that can generate significant returns. Whether you are a beginner or an experienced investor, this list will provide you with valuable insight into the coins that have caught the attention of experts and enthusiasts alike.
1. TRON (TRX/INR):
Price: ₹8.29
Rank 11
TRON is a blockchain platform that proposes the creation of a decentralized internet and a global digital content ecosystem. TRON supports smart contracts, decentralized applications and various protocols for content creation, distribution and consumption. TRON also has its own native token, TRX, which is used for transactions, governance and rewards on the network
2. Dogecoin (DOGE/INR)
Price: ₹6.14
Rank 10.
Dogecoin is a cryptocurrency based on the meme of a Shiba Inu dog. However, thanks to its humorous and friendly image, low price, and fast and cheap transactions, Dogecoin gained popularity and a loyal fan base. Dogecoin is widely used for tips, donations, and supporting social causes online
3. Stellar (XLM/INR):
Price: ₹10.22
Rank 25.
Stellar is a blockchain network that enables fast and low-cost cross-border payments, transfers and asset exchanges. Stellar uses a consensus mechanism called the Stellar Consensus Protocol, which is not based on mining or proof-of-work, but on a network of trusted nodes. Stellar also has its own native token, XLM, which is used for transactions and fees on the network
4. Polygon (MATIC/INR):
Price: ₹70.40
Rank 13.
Polygon is a framework that enables developers to build and connect scalable and interoperable blockchain networks. Polygon aims to solve the challenges of scalability, security and user experience on Ethereum by providing various solutions such as Plasma, ZK-Rollups, Optimistic Rollups and Sidechains. Polygon also has its own integrated token, MATIC, which is used for transactions, governance and staking on the network.
5. Cardano (ADA/INR):
Price: ₹30.75
Rank 9.
Cardano is a blockchain platform that aims to provide a more sustainable, scalable and secure decentralized network. Cardano uses a proof-of-stake consensus tool called Ouroboros, which is said to be more energy efficient and secure than proof-of-work. Cardano also has its own native token, ADA, which is used for transactions, smart contracts and governance on the network.
6. Chainlink (LINK/INR):
Price: ₹1,209.51
Rank 12.
Chainlink is a decentralized oracle network that links smart contracts to real-world data, events and services. Chainlink enables smart contracts to access reliable and verifiable information from various sources, such as market prices, weather data, sports results and random numbers. Chainlink also has its own native token, LINK, which is used for payments, incentives, and staking on the network.
7. Uniswap (UNI/INR):
Price: ₹430.90
Rank 22.
Uniswap is a decentralized exchange protocol that allows users to exchange any ERC-20 tokens without intermediaries, fees or KYC. Uniswap uses an automated market maker model that relies on liquidity pools and mathematical formulas to determine exchange rates and slippage. Uniswap also has its own native token, UNI, which is used for the protocol’s governance and rewards.
8. Avalanche (AVAX/INR):
Price: ₹1,102.07
Rank 21.
Avalanche is a blockchain platform that supports multiple interoperable and customizable networks. Avalanche claims to provide high scalability, low latency, and high security by using a novel consensus mechanism called the Avalanche Consensus Protocol, which combines the tools of classical and Nakamoto consensus. Avalanche also has its own native token, AVAX, which is used for transactions, fees and staking on the platform.
9. Shiba Inu (SHIB/INR):
Price: ₹0.00069102
Rank 19.
Shiba Inu is a cryptocurrency promoted by Dogecoin and the Shiba Inu dog breed. Shiba Inu is intended to be a fun and friendly token that can be used for various purposes such as memes, art, charity, and community building. Shiba Inu also has its own decentralized exchange called ShibaSwap where users can swap, stake and farm SHIB and other tokens.
10. Toncoin (TON/INR):
Price: ₹203.92
Rank 18.
Toncoin is a cryptocurrency based on the Telegram Open Network, a blockchain project initiated by the popular messaging app Telegram. Toncoin aims to provide a fast, secure and scalable platform for decentralized applications, smart contracts and value transfer. Toncoin also has its own native token, TON, which is used for transactions, fees and governance on the network.
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