The world of cryptocurrencies is like a treasure chest overflowing with possibilities. From established giants to up-and-coming projects with hidden potential, there’s something for every investor. But who says you need a king’s ransom to join the crypto craze? In Part 1, we explored some intriguing crypto pairs under ₹100 like MATIC and SUI. Now, Pi42 is back to unveil 3 more hidden gems that might deserve a spot on your watchlist, all priced at a cool ₹100 or less!
1. Tron (TRX-INR) – INR 10.7
Ever heard of a blockchain designed for the entertainment industry? This project aims to create a decentralized entertainment platform where content creators and consumers can connect directly, cutting out the middleman and giving artists more control over their work.
What’s the Buzz?
Tron boasts impressive transaction speeds and low fees, making it a hot favourite for everyday users. It’s also got a vibrant community buzzing with new projects and developments. But remember, the crypto market can be unpredictable. Tron’s price has dipped in recent months, so keep an eye on its progress and future plans before diving in.
What to Watch:
- Tron’s entertainment partnerships: Will Tron become the go-to platform for artists and content creators?
- Active users and dApps (decentralized applications) built on Tron: A growing user base and a thriving ecosystem of applications are positive signs.
- Developments in the entertainment industry and blockchain technology: How can Tron adapt to these changes?
2. The Graph (GRT-INR) – INR 29.6
If you’re a data enthusiast, The Graph (GRT) might pique your interest. It’s an indexing protocol for blockchain data, essentially creating a search engine for the decentralized world. Developers can use The Graph to easily access and query data from various blockchains, making it a crucial tool for building decentralized applications (dApps).
Why Watch The Graph?
The rise of dApps is fueling excitement around The Graph. As more dApps are built, the demand for efficient data access could increase, potentially benefiting GRT. However, the crypto market is still young, and The Graph’s success hinges on the widespread adoption of dApps.
What to Keep an Eye On:
- The growth of the dApp ecosystem: More dApps using The Graph would be a positive sign.
- Partnerships and integrations with other blockchain projects: How well does The Graph play with others?
- Developments in the decentralized web (Web3) space: The success of Web3 could benefit The Graph significantly.
3. Mantra (OM-INR) – INR 63.02
Looking for a project focused on real-world asset tokenization? Mantra (OM) might be worth exploring! This project is building a Security-first RWA Layer 1 Blockchain, designed specifically to facilitate the secure and compliant tokenization of real-world assets (RWAs). Imagine things like gold, real estate, or even art being represented on a blockchain through tokens! Mantra’s blockchain aims to adhere to real-world regulatory requirements, making it an attractive option for institutions and developers interested in tokenizing RWAs.
Why Consider Mantra?
Mantra’s focus on RWA tokenization opens up exciting possibilities for bridging the gap between traditional finance and the world of blockchain. Their OM token plays a key role in the governance of the platform, allowing holders to vote on important decisions. However, the RWA tokenization space is still nascent, and Mantra faces competition from other blockchain projects.
What to Watch:
- Adoption of Mantra’s RWA tokenization solutions: Are institutions and developers turning to Mantra for their RWA tokenization needs?
- Regulatory developments around RWA tokenization: How will regulations impact Mantra’s operations?
- The growth of the RWA tokenization ecosystem: A thriving RWA tokenization space could benefit Mantra significantly.
Important Considerations:
While these 3 pairs offer intriguing potential at an affordable price point, it’s crucial to remember that cryptocurrency is a volatile and speculative market. Do your own research before investing in any cryptocurrency. Here are some additional factors to consider:
- Market Capitalisation: Market cap refers to the total value of all outstanding coins in circulation. Generally, projects with a higher market cap are considered less risky than those with a lower market cap.
- Trading Volume: Trading volume indicates the liquidity of a particular crypto pair. Higher trading volume indicates easier entry and exit from a position.
- Project Development: Analyse the project’s roadmap, team expertise, and progress towards achieving its goals.
- Community Sentiment: Gauge the overall community sentiment surrounding the project by following social media channels and online forums.
Trading Crypto Pairs Under ₹100 on Pi42:
Pi42 provides a user-friendly platform for trading a wide range of crypto pairs, including the ones mentioned above. Here are some benefits of using pi42:
- Crypto-INR Futures: Pi42 is India’s first Crypto-INR perpetual futures trading platform. We offer native Indian Rupee pairs for your crypto trades, just like BTC-INR and ETH-INR.
- No VDA Taxes: By trading Crypto-INR futures pairs, you can significantly reduce your tax burden. You avoid the 30% Virtual Digital Asset (VDA) tax and the 1% TDS (Tax Deducted at Source). Additionally, you can offset your losses against your gains for further tax benefits.
- Advanced Features: The platform provides advanced features like margin trading and stop-loss orders to manage risk and capitalize on various market conditions.
- Secure Environment: pi42 prioritises security to ensure the safety of your funds and transactions.