Crypto Investing
Created on 9 Mar 2021 | 302 Views

15 Cheapest Cryptocurrencies to Invest for High Returns [2021]

by CoinSwitch Kuber

There could only be two reasons you are reading about which is the cheapest cryptocurrency to invest in:

  1. Popular cryptocurrencies like Bitcoin have sparked curiosity in you, but you think you can’t invest in them since their prices are off the roof. Hence you are looking for cheaper alternatives. OR
  2. You are on the lookout for the next big cryptocurrency and are searching for a promising yet undervalued cryptocurrency.

If you fall in the first category, you may want to wrap up your search because you can buy Bitcoin or any other cryptocurrency for as little as ₹100. 

Buy Crypto With Just ₹100

Now, onto those who are here to hunt the next Bitcoin or Ethereum: 

Top 15 Cheapest Cryptocurrencies to Invest

Here is a list of the cheap cryptocurrencies with potential:

1. Uniswap (UNI) – 

Uniswap is a decentralised crypto exchange built on the Ethereum blockchain. Simply put, it allows you to conduct trades without the need for a centralised authority/ administration.

For instance: When you trade on CoinSwitch Kuber, we act as a custodian for your holdings. On the contrary, Uniswap facilitates P2P (Peer to Peer) trades directly between individuals.  

Note: Uniswap only enables trade between ERC – 20 tokens like BAT, MKR, OMG etc.

Why is it a good investment?

Currently, 1 UNI token is valued at ₹1405.01, which makes it a considerably cheap cryptocurrency with high potential. It has grown by 298% in just one year. Uniswap has the 12th largest market cap, according to Coingecko.

With the rising demand for decentralised exchanges, Uniswap has grown in popularity lately and it is one of the ch might continue to see the same trend. You can get 0.07 UNI with ₹100.

2. Polygon (MATIC)

Polygon, formerly known as Matic, was launched in 2017 as an Ethereum scalability solution built by developers for developers. It enables Ethereum to process faster and cheaper transactions. Polygon also improves Ethereum’s infrastructure by allowing it to interact with multiple blockchains and share data.

Additionally, it allows developers to launch their independent blockchains.

Why is it a good investment?

One MATIC token is currently available for ₹83, and you can get 1.20 MATIC tokens with ₹100 (Polygon to INR). It has grown over 6100% last year. In terms of market cap, it sits at the 16th position. Looking at its growth, it is the cheapest cryptocurrency to buy for potentially supreme returns.

Polygon has just completed a project where it was integrated into Google Cloud’s BigQuery. They are also looking to partner with Infosys and have even attracted investment from Mark Cuban. 

3.Cardano (ADA)

Founded by one of Ethereum’s Co-Founder Charles Hoskinson, Cardano is an upgraded version of Ethereum. It describes itself as the most environmentally sustainable cryptocurrency. It’s a much more flexible, scalable, and energy-efficient platform to run smart contracts.

Why is it a good investment?

Cardano is the fifth-largest cryptocurrency by market cap, hovering around ₹98. If you were to buy ADA with ₹100, you would get just above 1 ADA token. In a year, it has gained over 600%.

Since it is one of the most sustainable blockchain platforms, it can outgrow energy-intensive cryptocurrencies like Bitcoin. Also, while most cryptocurrencies either provide privacy or regulatory compliance, Cardano strives to balance the two.

4. Basic Attention Token (BAT)

BAT is the native token of the Brave browser.

The Brave browser aims to price user attention correctly; every time you view an ad on the brave browser, it rewards you with BAT tokens. Unlike Chrome, it doesn’t store your data and protects your privacy online. 

Why is it a good investment?

After rising over 180% in a year, 1 BAT token is now worth ₹43; at this price, you can get 2.32 BAT tokens in ₹100. However, it has a comparatively small market cap where it is ranked in the 74th position.

As of now, over 25M people use the Brave browser. It claims itself to be one of the most successful altcoin projects to date.

5. Chiliz (CHZ)

Chilliz is the native token of the Socios.com platform. It is a fan engagement platform that helps sports teams offer and monetise beyond the conventional products like Jersey’s, Tickets etc. The platform allows fans to purchase fan tokens of their favourite team and earn voting rights to support them.

Why is it a good investment?

CHZ is quite an inexpensive cryptocurrency, with one CHZ worth around ₹18. With ₹100, you can buy 5.5 CHZ tokens. Looking at its one year return, it has had a 1000% growth and sits at the 61st position in terms of market cap. 

CHZ is an exclusive on-platform currency that powers the Chilliz ecosystem. Fans here can bet on matches for the teams they support, and since popular sports teams across the world have partnered with the network, it has garnered a lot of credibility.

6. Tron (TRX)

Tron is a decentralised content sharing platform. It allows people to create and share content just like they do on social media without being at the mercy of a centralised authority. It aims to become an independent content hub without the interference of content giants like Google, Apple, Facebook and Amazon.

Why is it a good investment?

Tron is ranked 25th in terms of market capitalisation, with a growth of 144% in a year. You can buy 1 TRX for ₹4; it is not only the lowest-priced cryptocurrency on the list but it is also one of the best cryptocurrencies to invest in. you can get a total of 25 TRX tokens with ₹100.

Tron has already acquired popular content platforms like BitTorrent (a media sharing platform) and Steemit (the biggest decentralised blog and social media platform). By 2023, it further plans to expand its infrastructure and become the new age Facebook in the content space.

7. Dogecoin (DOGE)

Dogecoin was created in 2013 by Jackson Palmer and Billy Markus as a joke inspired by the meme dog, Shiba Inu. It was created to dig at investors who invest in assets mindlessly.

Though it is similar to Bitcoin, Litecoin etc. and can be/is used as an exchange medium, it is more of a sentimental cryptocurrency. It has become this popular not because of any problem it solves but because of people’s emotions attached to it. 

Why is it a good investment?

Dogecoin has a highly active community that can help you make short term gains.

After a 4000% + growth over the last year, Dogecoin has become the sixth-largest cryptocurrency by market capitalization. The price per DOGE is ₹18, and ₹100 will buy you 5.5 DOGE coins. While being one of the cheapest cryptocurrencies to buy, Dogecoin is also the second-highest performing crypto on this list.

8. Tether (USDT)

Currently ranked as the third-largest cryptocurrency by market capitalisation, Tether is the most popular stablecoin. It is a fiat-backed stablecoin that mirrors the value of the U.S dollar. 1 Tether is equal to 1 U.S dollar. 

Since the U.S Dollar backs tether, its value will be more stable than the other cryptocurrencies. It is a great currency for risk-averse investors. They can benefit from its fast and secure ecosystem without the impact of crypto market volatility.

Why is it a good investment?

The current price for one USDT token is ₹ 74, and you will have 1.4 USDT with ₹100. It is up by 0.3% since last year.

Tether has wide acceptance and can be used to trade in multiple cryptocurrencies across exchanges seamlessly. Also, now that the cryptocurrency market is going through downturns, it is one of the most traded cryptocurrencies because of its stability.

9. Civic (CVC)

Civic is an identity verification platform that aims to reduce identity fraud by authenticating users through a secure blockchain. It allows you to store your digital identity on a Civic wallet. You can download Civic’s wallet app, validate yourself by keeping all your personal data like Aadhar, PAN etc. and create your digital identity.

After this, whenever you visit a Civic compatible application, it will instantly verify your identity without multiple KYC checks. 

Why is it a good investment?

Civic stands on 162nd rank by market cap; it has risen over 180% in one year and is valued at around ₹18. This means you can get 5.5 CVC tokens with ₹100.  

Identity theft is becoming an increasing menace of today’s world. For instance, in 2016, 1.1 billion identities were stolen across the globe. Civic aims to solve this by storing people’s identities on a secure blockchain.

10. EOS.io (EOS)

Like Ethereum, EOS.io allows developers to build applications for gaming, lending etc., on its blockchain. To overtake its counterparts, it is charging zero user fees on its network.

It has a vision of becoming a leading smart contract platform

Why is it a good investment?

One EOS coin is currently valued at nearly ₹300 after a jump of over 50% in a year. With ₹100, you will get 0.33 EOS tokens. It is the 27th largest crypto by market capitalization.

EOS.io is a highly scalable and flexible platform. It can process over 100,000 transactions per second and is very user-friendly for developers. It could become the preferred network for people to transact cryptocurrencies and build projects on.

11. Internet Computer (ICP)

Internet computer is the world’s first blockchain with the power, speed and scale of the internet itself. It enables users to create applications and publish content on the internet without using web services from centralised service providers like Google.

Why is it a good investment?

ICP reduces our dependence on tech companies and decentralises the public internet, creating a new Web 3.0.

Ranked 20th by market capitalization, one ICP is floating around ₹3500, which means you will have 0.02 ICP token with ₹100. It is up by around 30% in 7days.

12. Ripple (XRP)

Ripple has created a network for financial institutions to exchange money in the form of XRP over the blockchain. It contributes to faster, cheaper and secure interbank and cross border transactions.

Why is it a good investment?

The existing ripple network consists of Axis Bank, SBI Holding and more financial institutions, making it a reliable cryptocurrency.

Ripple has always managed to stay on the list of top 10 cryptocurrencies by market capitalization; at the moment, it has the seventh position. It has grown over 184% in the past year and is priced around ₹50 currently; fetching you 2 XRP tokens in ₹100.

13. Waves (WAVES)

The Waves blockchain enables individuals to create and launch custom crypto tokens without the need for extensive programming. It makes the launch of tokens as accessible and easy as launching a website or an app.

You can create and run your own token simply using your Wave account. 

Why is it a good investment?

Waves may start to pick up as an easier alternative as the interest in creating and launching decentralised tokens grows.

The Waves cryptocurrency has yielded a return of 181% in a year and is worth ₹1200 at the time of writing.  With ₹100 you can buy a 0.08 WAVES token. It stands on the 50th rank in terms of market cap.

14. Polkadot (DOT)

Each blockchain independently focuses on different functions like financial services, social media etc. They can’t interact with each other, and thus their real-life usage becomes difficult.

Polkadot creates a unified network for multiple blockchains to work parallelly and share data, making them real-life compatible.

Why is it a good investment?

Since Polkadot is vital for real-world usage of blockchains, experts have forecasted it to surpass Ethereum soon.

Polkadot is the ninth-largest cryptocurrency by market capitalization, with each token valued close to ₹1100. You will have a 0.09 DOT token in ₹100. The cryptocurrency has grown over 88% in just one year. 

15. Solana (SOL)

As cryptocurrencies grow, scalability is a challenge that they face. Their network becomes slow, and it gets costly to transact on them and to tackle that, they compromise on either decentralisation or security.

Why is it a good investment?

It claims to be a platform with no scalability constraints and hence may attract lucrative projects. Solana is also backed by one of the world’s most popular VC’s, A16z and has recently raised $316M. 

Solana is the 14th top cryptocurrency in terms of market capitalisation. It has had an impressive growth of 1700% in a year. One SOL cryptocurrency is presently available for around ₹2400 and you can get a 0.04 SOL token with ₹100.

Note: All the data used in the blog is as of 30th June 2020 from Coinmarket cap.

This list was created considering you want to invest in the cheapest cryptocurrency available. As a result, we didn’t look at the entire crypto market but only looked at the handful of lowest-priced cryptocurrencies. However, if you are not so fixated on the price, you can buy a fraction of any cryptocurrency with ₹100, remember?

We have another list where we dig through the 5000+ crypto’s in the market to source all the good cryptocurrencies for long term investment

Having said that, it’s important to know that the crypto market is very dynamic. Nobody knows which cryptocurrency will cut through the race tomorrow. These blogs are only an educated estimate. So do your own research before investing in any of the above cryptocurrencies.

FAQs on Cheap Cryptocurrencies

1. What is the best low-cost Cryptocurrency to buy?

If you look from the list above, the cheapest cryptocurrency to buy is TRX; it is valued at around ₹4. There are a few other cryptocurrencies, too, like BAT, CHZ, and CVC, that are all available for around ₹18.

2. Which Cryptocurrency under 100 INR is a good investment for 2021?

There ate quite a few cryptocurrencies from the list that fit the criteria; however, you may want to keep an eye on Polygon. Recently, it has been in the talks a lot.

3. Can I invest 100 INR in Bitcoin?

Yes, you can invest in Bitcoin of Bitcoin for ₹100 and own a portion.

P.S: KuberVerse is an educational initiative. Anything expressed here directly or indirectly is not investment advice. And we ask you to do your own research before investing.

Disclaimer :The content of this article is for informative purposes only. It is not intended as a substitute for investment/ financial advice. If You decide to act upon this information, You shall do it at your own risk. While such video/ article has been verified, it depends on third-party sources too, and CoinSwitch Kuber does not guarantee that there are no mistakes or errors nor does CoinSwitch Kuber represents the views presented in such article to be it’s own..

writer

CoinSwitch Kuber

Content Writer

View Articles
Table of content

Comments