Billionaire Mukesh Ambani’s Jio Platforms has partnered with internet technology company Polygon Labs. Since the announcement, social media users are excitedly talking about Jio Coin and sharing screenshots online. Notably, Reliance’s tech subsidiary, Jio Platforms, has partnered with Polygon Labs to bring Web3 and blockchain technology to India.

Jio Coin is anticipated to be the Reliance Industries’ newest project, bringing blockchain technology to India, according to the report by “CoinDCX”. Notably, this virtual coin is believed to be the India’s largest conglomerate’s entry into the world of cryptos. According to “CoinDCX”, JioCoin’s launch could lead to more people in India using cryptocurrencies.

Notably, the official valuation of this virtual coin hasn’t been disclosed. However, media reports estimates suggest it could be valued around Rs 43 per token.

Jio Coin: How It With The Top Cryptocurrencies?

Jio Coin: Jio Coin is speculated to be the Reliance Industries’ newest project, bringing blockchain technology to India. Media reports suggest it could be valued around Rs 43 per token.

Bitcoin: This is the biggest cryptocurrency of the world, which costs $105,337.83 as of now. Bitcoin has the total market valuation of $2,087.31 billion. In 2009, the first Bitcoin exchange happened. Users initially traded 5,050 Bitcoins for just $5.02, making each Bitcoin worth about $0.00099.

Ethereum: Ethereum is the second-biggest cryptocurrency in the world, which costs $3,389.91 as of now. Ethereum has the total market valuation of $408.68 billion. This cryptocurrency was launched in 2015, and its initial price was around $2.77. However, it soon dropped below $1 and stayed there for several months.

XRP: This is the third-biggest cryptocurrency in the world, which costs $3.18 as of now. XRP has the total market valuation of $182.68 billion. This cryptocurrency was established in 2012 with the rate of 1 cent (USD).

Tether: This is the forth-biggest cryptocurrency in the world, which costs $1 as of now. Tether has the total market valuation of $139.56 billion. It was incorporated in June 2014. Initially, its price was $1.21, it then dropped to a low of $0.5885 in March 2015, but later returned to its initial high of $1.21 in February 2015.

Solana: Solana is the fifth-biggest cryptocurrency in the world, which costs $260.12 as of now. Solana has the total market valuation of $126.54 billion. It was launched back in April 2020 and its price skyrocketed from $0.75 to $260.12 as of now.

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