Not all cryptos are created equal. While the likes of Bitcoin and Ethereum steal the limelight often, there is value to be found in some hidden gems in the crypto market. In other words, the versatile crypto market has coins that fit every trader’s budget, underlining the power of value investing.
However, choosing the ones that have growth potential and align with your financial goals is easier said than done. To simplify your task, we’ve curated a list of the best cryptocurrencies— most of them priced under ₹100 and ranked in the top 100 by market capitalization—as of November 2024. All the coins mentioned below boast significant trading volumes, ensuring ease of buying and selling.
This blog post will discuss some of the cheapest cryptocurrencies available on CoinSwitch for trading and investment in 2024.
Ripple (XRP)
Price (as of 20 November 2024): ₹117
Rank: #6
Ripple is a peer-to-peer global payment settlement and remittance platform built as an alternative to the expensive SWIFT payment system. It facilitates the instant, cross-border transfer and exchange of a variety of fiat currencies and cryptocurrencies on its network.
Ripple is one of the oldest decentralized crypto projects in the market. It was launched in 2012 by angel investor Chris Larsen and programmer Jed McCaleb.
XRP is the network’s native token. It made the current all-time high of $3.37 during the bull run of 2017.
Cardano (ADA)
Price (as of 20 November 2024): ₹74
Rank: #9
Cardano, a proof-of-stake blockchain platform that supports smart contracts functionality, is one of the highly scalable blockchain platforms. Developers can use it to build and run dApps on its blockchain with a multi-asset ledger and verifiable smart contracts. Considered one of the “Ethereum Killers” in the market, Cardano can handle up to 2 million transactions per second.
The blockchain platform was founded in 2015, and the mainnet was launched in September 2017 by Ethereum co-founder Charles Hoskinson.
Cardano’s native token, ADA, reached the present all-time high of $3.10 on September 2, 2021.
Tron (TRX)
Price (as of 20 November 2024): ₹16
Rank: #10
Tron is an open-source blockchain platform that aims to create a distributed web. It uses the delegated proof-of-stake consensus mechanism.
The project attracted much attention during its launch in 2017. It was created by an entrepreneur named Justin Sun. At the time of the launch, Tron worked on Ethereum, but later switched to its own blockchain network in 2018. Tron’s all-time high of $0.30 was made on January 5, 2018.
In May 2022, Tron launched an algorithmic stablecoin named USDD (USD Digital). The stablecoin has a circulating supply of 745 million.
Algorand (ALGO)
Price (as of 20 November 2024): ₹20
Rank: #57
Algorand is a proof-of-stake (PoS) blockchain platform that expands our imagination of the potential uses of crypto. Designed to function as a payment processor, Algorand allows transactions to be processed at high speeds—much like MasterCard or Visa.
The platform was created by MIT professor and computer scientist Silvio Micali, and it was officially launched in 2019.
ALGO’s all-time high level is $3.28, which it touched on June 21, 2019.
VeChain (VET)
Price (as of 20 November 2024): ₹2
Rank: #42
VeChain is an enterprise-grade smart contract protocol. It aims to simplify complex supply chain management processes and improve their efficiency using blockchain technology. The protocol is used by some of the world’s largest manufacturers and retailers, including BMW, Walmart, and LVMH.
The protocol was co-founded, in 2015, by Sunny Lu, a former Chief Information Officer at Louis Vuitton China, and Jay Zhang, a financial and risk management expert.
VET is the native token of the VeChain Thor blockchain. It reached an all-time high of $0.27 on April 17, 2021.
Gala (GALA)
Price (as of 20 November 2024): ₹2
Rank: #82
Gala is a blockchain gaming platform that lets users be in complete control of in-game items and new game additions. The platform offers many games to players built on the Gala Network. The blockchain gaming start-up was founded by Eric Schiermeyer.
GALA is the native utility token of the Gala Network. It can be used to purchase in-game items like NFTs. The token reached an all-time high of $0.83 on 26 November 2021.
Dogecoin (DOGE)
Price (as of 20 November 2024): ₹33
Rank: #7
Dogecoin (DOGE) is the most popular meme coin in the crypto market, with a market cap of $56.65 billion. It was created in 2013 as a joke to mock the exploding number of cryptocurrencies, but it soon gained traction and mass support from the crypto community, recording significant price spikes.
Dogecoin’s popularity inspired the creation of several other meme coins such as Shiba Inu (SHIB) and Floki (FLOKI). DOGE has a total supply of 146.88B tokens and holds an all-time high of $0.7376 recorded on May 08, 2021.
Shiba Inu (SHIB)
Price (as of 20 November 2024): ₹0.002095
Rank: #11
Another meme coin that has dominated the meme coin space is Shiba Inu (SHIB), a cryptocurrency based on the Ethereum blockchain. Like Dogecoin, Shiba Inu started as a joke, but the token skyrocketed in trading volume and is one of the top cryptocurrencies with a market cap of $14.16 billion.
The name ‘Shiba Inu’ is based on a Japanese dog breed which is the mascot of the project. SHIB has an all-time high of $0.00008845 recorded on October 28, 2021. Since its surge in October 2021, the coin has seen a massive surge in community membership.
Hedera (HBAR)
Price (as of 20 November 2024): ₹11
Rank: #26
Hedera (HBAR) is a decentralized network known for its speed and security. It was co-founded by Leemon Baird, the inventor of the Hashgraph consensus algorithm, and Mance Harmon. It uses a unique consensus mechanism called Hashgraph instead of traditional blockchain technology.
HBAR is the native token of the Hedera network and is used to pay network fees, mint NFTs, or log unique data on the chain. It holds an all-time high of $0.5701 recorded on September 16, 2021.
Fantom (FTM)
Price (as of 20 November 2024): ₹60
Rank: #55
Fantom (FTM) is a smart contract platform that offers a high-performance, scalable, and secure network. It is designed to counter the limitations of blockchain networks like Ethereum. The platform leverages a unique consensus mechanism called Lachesis to achieve its goals.
FTM is Fantom’s native token. It has several utilities within the Fantom ecosystem such as transaction fees, staking, governance, and securing the network. The FTM token’s all-time high so far is $3.48 reached on October 28, 2021.
Conclusion
The coins discussed in this blog post are some of the most popular and cheap cryptocurrencies to buy. Not just cheap, they are known for their potential, with each of them having strong user adoption and high trading volumes. However, if you are considering adding any of these to your crypto portfolio, you should research them thoroughly beforehand. Needless to say, it is important to invest as per your risk tolerance level.
FAQs
Which crypto has the lowest price?
Shiba Inu (SHIB) is one of the cheapest cryptos on the list despite being a top crypto by market cap. It is currently priced at $0.000024 and is considered one of the most popular meme coins, falling behind only DOGE.
Which crypto has the potential for significant growth?
Cryptos mentioned above such as DOGE, ADA, and XRP are some of the cheapest cryptos in 2024 with the potential to garner significant growth. To ensure that you don’t miss out on the next big investment opportunity, you can trade them on the CoinSwitch app.
