5 Best Cryptos to Buy for Lower Risk Returns February 2022 Week 4
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The crypto market is experiencing massive bearish activities as the total value locked (TVL) has continued to spiral downwards. At press time, the nascent industry has seen 9.02% of its TVL shed off in the continued bear run. However, this presents an opportunity to invest in the best cryptos to buy for lower risk returns for a bargain before the bulls return.
Below are 5 top digital assets you should consider adding to your investment portfolio.
1. Lucky Block (LBLOCK)
Lucky Block is our number one pick for the best cryptos to buy for lower risk returns due to the huge potential the protocol comes with.
The asset is a crypto lottery platform based on the Binance Smart Chain (BSC). The protocol aims to engender a fairer and more transparent online gambling experience for lottery lovers. The mission of Lucky Block is to make everyone a winner while enabling a more inclusive online lottery system.
Added to this, all jackpot winnings have a positive ripple impact across the Lucky Block community. 10% of the winning is distributed among LBLOCK token holders and used to provide liquidity for the digital asset.
The protocol also has zero transaction fees, and players are guaranteed instant payouts of their winnings. LBLOCK is one of the best cryptos to buy for lower risk returns. The asset is on its way to a centralised crypto exchange listing. LBLOCK currently trades below the $1 price peg.
At press time, LBLOCK is trading at $0.004083, down 25.42% in the last 24 hours. This is more of a reflection of the broader crypto market and not the individual asset’s performance.
You can easily buy LBLOCK for a bargain given its historic price performance in the last two months. The lottery-focused token surged an astronomical 1,500% following its debut in late January 2022.
2. Ripple (XRP)
Ripple has remained one of the best cryptos to buy for lower risk returns for a long time now. The blockchain protocol fulfils a unique market challenge and aims to improve on the centralised financial systems that we have now.
Based in the US, Ripple blockchain enables the seamless transfer of digital assets and fiat currencies across borders.
Ripple’s RippleNet Ledger serves as a systematic payment rail that allows financial institutions to meet their obligations in international business transactions.
Ripple continues to be the prime example of the growing relevance of blockchain technology and is one of the most innovative protocols out there.
This has led the Digital Euro Association (DEA) to add Ripple blockchain as a supporting partner in its ongoing efforts to launch a central bank digital currency (CBDC).
Ripple has been the most proactive and is a technical expert in the field of state-backed digital currencies hence the nomination.
At press time, Ripple’s XRP is biting the dust much like several other crypto assets. The cross-border payment token is trading at $0.6422, down 11.24% in the past day as the broader crypto market consolidates.
3. Cardano (ADA)
Currently the eighth most valuable digital asset by market cap, Cardano is one of the best cryptos to buy for lower risk returns for a number of reasons.
For one, Cardano is a proof-of-stake (PoS) protocol that is on course to become a major decentralised finance (DeFi) hub.
Cardano is the only peer-reviewed blockchain protocol which means all codes and upgrades are examined by a team of international blockchain experts and professionals. This lends a feeling of resilience around the project despite being massively undervalued.
Cardano has since become a major layer-1 smart contract protocol as more decentralised applications (dApps) continue to onboard on the platform.
Recent data from crypto data analytics firm Messari shows that Cardano is currently the most active blockchain protocol based on on-chain activity.
The Ethereum competitor sits on the second spot only behind the Bitcoin network with $16.76 billion worth of transactions processed so far.
At press time, ADA is currently struggling against the bears and is trading at $0.772, down 16.20%.
4. Polygon (MATIC)
Polygon has been a revelation in the past year since its rebranding from the Matic Network in early 2021. The layer-2 protocol is one of the best cryptos to buy for lower risk returns and should be added to your investment portfolio.
Polygon operates a side-chain on top of the Ethereum network. The asset boosts the transaction speed of the foremost smart contract protocol by bundling transactions and validating them off-chain.
Polygon has gotten so good at its role that it is now the number one rollup solution in the Ethereum ecosystem. This has seen Polygon attract major investments, with the latest being the $450 million investment round led by Sequoia Capital India.
Also, the non-custodial crypto wallet Wirex has launched on the Polygon network. According to the release, Wirex’s choice largely lies with Polygon’s low fee and high throughput metrics.
Polygon’s price action has taken a nosedive and is currently trading at $1.290, down 15.30% in the last 24 hours. This presents an ideal opportunity to pile up on MATIC before the crypto market begins its bull run.
5. Decentraland (MANA)
Decentraland is a major mover in the booming Metaverse ecosystem and one of the best cryptos to buy for lower risk returns. The asset is a virtual reality platform hosted on the Ethereum network. Decentraland allows users to create, share, design, and monetise their content and applications.
The protocol also features virtual real estate with a fixed number of available LANDs. Each LAND is a non-fungible token (NFT) that is unique and can be developed on.
Users can then develop these virtual plots of LANDs and sell them off for a higher price than it was previously bought.
Decentraland aims to give users immersive experiences and has been tapped by a number of legacy-based companies and protocols for onboarding into the Metaverse ecosystem.
Popular US bank JP Morgan recently launched its virtual lounge in Decentraland. This is following a growing number of push into the Metaverse space by legacy companies.
At press time, Decentraland’s utility token MANA is trading at $2.3130, down 16.35% in the last 24 hours.
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