Crypto investors understand that getting lower risk returns is the gold standard when it comes to any asset. You want higher returns without taking on too much risk especially now that crypto adoption is on the rise. The global crypto population jumped by 100 percent in 2020, per a Crypto.com study. With the market seeing more participants, there is a significant amount of people looking for low-risk crypto investments. In this article, we examine the best cryptocurrencies to buy now for lower risk returns.
1. XRP (XRP)
XRP is a payment-focused cryptocurrency developed by California-based blockchain company Ripple Labs. The asset used to be the third most valuable cryptocurrency years back, but it has since dropped.
XRP’s primary value is in the fact that it is cheap. The coin is currently valued at $1.01 – a jump of 13 percent in the last 24 hours and a staggering 40 percent in the past week.
Investors have been especially impressed with XRP this year. The coin started 2021 trading at $0.23, and it jumped to a high of $1.96 on April 14. But, with the May downturn and a string of several other hits, XRP went back below the $1 line.
So far, investors will be looking to see how XRP performs concerning the case between Ripple and the Securities and Exchange Commission (SEC). Both are in a dispute over securities fraud claims, and Ripple was recently granted access to files from Binance related to the issue.
2. Ethereum (ETH)
Ethereum is currently the second-largest cryptocurrency following Bitcoin. Known for its blockchain, the coin has been performing rather well this month.
Currently, Ether’s value stands at $3,140. The coin is down by 1 percent in the past day, but still up by an impressive 13 percent in the past week. Most of the gains came from the London hard fork, which went live last week.
The London hard fork is one of the most important in the Ethereum blockchain’s move to proof of stake (PoS). It has made Ether a deflationary asset, and it brings upgrades to improve the network’s scalability too. With the Ethereum blockchain being important to decentralized finance (DeF) and non-fungible tokens (NFTs), this is a pretty big deal.
Ether is also doing pretty well on the technical front. The coin is well above its 20-day moving average (MA) of $2,676, and its relative strength index (RSI) stands at a manageable 72.78. This should set it up for proper gains over the next few days.
3. Cardano (ADA)
Another blockchain-based asset, ADA is one of the most promising cryptos this week for lower risk returns. It’s easy to gloss over ADA as it doesn’t have the type of public profile that other coins have. But, it remains a great buy for investors.
ADA entered August strong, posting a 2-month high of $1.59 on August 9. But, it faced some stiff competition at the $1.60 line, with bears trying to stall its progress. Now that it has broken past that line, all indicators trend upwards for ADA.
ADA is currently valued at $1.90 – up 7.09 percent in the past day and 32 percent in the past week.
The Cardano blockchain has been doing significant work to grow. Developers are working on bringing smart contracts to the blockchain, and they successfully implemented the first phase of the project earlier this month. Barring any delays, final deployment is expected to happen sometime this month.
4. Uniswap (UNI)
Uniswap is the second-largest decentralized exchange in the world. The platform has enjoyed significant growth, thanks in no small part to the growth in the DeFi space. Its native token, UNI, has also enjoyed significant gains.
After starting the year at $5.13, UNI jumped as high as$45.02 in May. its downturn bottom is so far $12.83, and UNI has so far rebounded rather well. If you’re looking for lower risk returns, this is a good coin to keep an eye on. It has utility, and it is backed by one of the largest exchanges in the industry.
With a current price peg of $28.06, UNI is down 4 percent in the past 24 hours and up 25 percent in the past week. But, sentiment is about to turn positive as Lucas Outumuro, a researcher at crypto data aggregator IntoTheBlock, confirmed earlier today that Uniswap has become the first DeFi protocol to surpass $1 billion in earnings for liquidity providers.
@Uniswap just became the first protocol to surpass $1B+ in fees 🤯
Congrats to @haydenzadams and team 🦄 pic.twitter.com/pnA10t41Yo
— Lucas Outumuro (@LucasOutumuro) August 10, 2021
Uniswap’s milestone comes following significant growth in the DeFi market. Over the next few days, a lot of eyes will be on the token. The coin’s RSI is 70.06, and it is well above its 20-day MA of $23.18. The losses for the day could very well be a setup for bigger moves.
5. Chainlink (LINK)
Chainlink is a high-performance blockchain that has gained significant popularity in 2021. Growth in the DeFi sector has led to increased prominence for several “Ethereum killers,” and Chainlink has grown to be one of the most prominent.
Whether for short-term or long-term gains, LINK seems to be a great buy for investors looking for lower risk returns. The coin is cheap, trading at a bargain price of $25.38. That’s down 1.7 percent in the last 24 hours, but still up 8.1 percent in the past week.
The coin’s growth is tied to the adoption of Chainlink, and that has been moving rather well so far. Recent data from Chainlink’s ecosystem archives showed that over 281 projects have integrated into Chainlink in 2021 alone, making an average of 1 project a day.
The blockchain also recently got a big endorsement, with Swisscom – one of Switzerland’s biggest telecommunications companies – signing up to become a node operator last week.
Crypto buyers perceive that getting decrease threat returns is the gold normal in the case of any asset. You need larger returns with out taking over an excessive amount of threat particularly now that crypto adoption is on the rise. The worldwide crypto inhabitants jumped by one hundred pc in 2020, per a Crypto.com examine. With the market seeing extra contributors, there’s a important quantity of individuals in search of low-risk crypto investments. On this article, we study the very best cryptocurrencies to purchase now for decrease threat returns.
1. XRP (XRP)
XRP is a payment-focused cryptocurrency developed by California-based blockchain firm Ripple Labs. The asset was the third most useful cryptocurrency years again, nevertheless it has since dropped.
XRP’s main worth is in the truth that it’s low cost. The coin is at present valued at $1.01 – a bounce of 13 % within the final 24 hours and a staggering 40 % previously week.
Traders have been particularly impressed with XRP this 12 months. The coin began 2021 buying and selling at $0.23, and it jumped to a excessive of $1.96 on April 14. However, with the Might downturn and a string of a number of different hits, XRP went again beneath the $1 line.
To this point, buyers will likely be seeking to see how XRP performs in regards to the case between Ripple and the Securities and Change Fee (SEC). Each are in a dispute over securities fraud claims, and Ripple was just lately granted entry to information from Binance associated to the difficulty.
2. Ethereum (ETH)
Ethereum is at present the second-largest cryptocurrency following Bitcoin. Identified for its blockchain, the coin has been performing moderately effectively this month.
Presently, Ether’s worth stands at $3,140. The coin is down by 1 % previously day, however nonetheless up by a formidable 13 % previously week. A lot of the positive factors got here from the London onerous fork, which went dwell final week.
The London onerous fork is among the most vital within the Ethereum blockchain’s transfer to proof of stake (PoS). It has made Ether a deflationary asset, and it brings upgrades to enhance the community’s scalability too. With the Ethereum blockchain being vital to decentralized finance (DeF) and non-fungible tokens (NFTs), it is a fairly large deal.
Ether can be doing fairly effectively on the technical entrance. The coin is effectively above its 20-day transferring common (MA) of $2,676, and its relative power index (RSI) stands at a manageable 72.78. This could set it up for correct positive factors over the subsequent few days.
3. Cardano (ADA)
One other blockchain-based asset, ADA is among the most promising cryptos this week for decrease threat returns. It’s simple to gloss over ADA because it doesn’t have the kind of public profile that different cash have. However, it stays an awesome purchase for buyers.
ADA entered August sturdy, posting a 2-month excessive of $1.59 on August 9. However, it confronted some stiff competitors on the $1.60 line, with bears making an attempt to stall its progress. Now that it has damaged previous that line, all indicators development upwards for ADA.
ADA is at present valued at $1.90 – up 7.09 % previously day and 32 % previously week.
The Cardano blockchain has been doing important work to develop. Builders are engaged on bringing good contracts to the blockchain, they usually efficiently carried out the primary part of the venture earlier this month. Barring any delays, ultimate deployment is anticipated to occur someday this month.
4. Uniswap (UNI)
Uniswap is the second-largest decentralized trade on the planet. The platform has loved important development, thanks in no small half to the expansion within the DeFi area. Its native token, UNI, has additionally loved important positive factors.
After beginning the 12 months at $5.13, UNI jumped as excessive as$45.02 in Might. its downturn backside is to this point $12.83, and UNI has to this point rebounded moderately effectively. When you’re in search of decrease threat returns, it is a good coin to regulate. It has utility, and it’s backed by one of many largest exchanges within the business.
With a present worth peg of $28.06, UNI is down 4 % previously 24 hours and up 25 % previously week. However, sentiment is about to show optimistic as Lucas Outumuro, a researcher at crypto knowledge aggregator IntoTheBlock, confirmed earlier right this moment that Uniswap has turn out to be the primary DeFi protocol to surpass $1 billion in earnings for liquidity suppliers.
@Uniswap simply turned the primary protocol to surpass $1B+ in charges 🤯
Congrats to @haydenzadams and workforce 🦄 pic.twitter.com/pnA10t41Yo
— Lucas Outumuro (@LucasOutumuro) August 10, 2021
Uniswap’s milestone comes following important development within the DeFi market. Over the subsequent few days, numerous eyes will likely be on the token. The coin’s RSI is 70.06, and it’s effectively above its 20-day MA of $23.18. The losses for the day might very effectively be a setup for greater strikes.
5. Chainlink (LINK)
Chainlink is a high-performance blockchain that has gained important recognition in 2021. Development within the DeFi sector has led to elevated prominence for a number of “Ethereum killers,” and Chainlink has grown to be one of the vital distinguished.
Whether or not for short-term or long-term positive factors, LINK appears to be an awesome purchase for buyers in search of decrease threat returns. The coin is reasonable, buying and selling at a discount worth of $25.38. That’s down 1.7 % within the final 24 hours, however nonetheless up 8.1 % previously week.
The coin’s development is tied to the adoption of Chainlink, and that has been transferring moderately effectively to this point. Latest knowledge from Chainlink’s ecosystem archives confirmed that over 281 initiatives have built-in into Chainlink in 2021 alone, making a mean of 1 venture a day.
The blockchain additionally just lately acquired an enormous endorsement, with Swisscom – certainly one of Switzerland’s greatest telecommunications firms – signing as much as turn out to be a node operator final week.
