Searching for an investment opportunity with a lower risk return? Look no more; here are the top 5 best cryptocurrencies to buy now.
Understanding cryptocurrencies is complicated. The crypto market is continuously changing, and volatility is a factor in this investment class. But with numerous potential altcoins available today, there are digital currencies that offer profitable returns at lower risk. Here are the 5 best cryptos to buy for lower-risk returns in May 2022.
1. Terra (LUNA)
Luna is overall the best crypto to buy for lower-risk returns.
The native token of the Terra blockchain, LUNA, has emerged as one of the most-talked-about cryptos in 2021. Terra is a blockchain protocol that utilizes stablecoin assets valued at fiat currencies to support a global payment system. Furthermore, since it is built on the Cosmos SDK framework, developers can create custom blockchains and build their own decentralized applications on top of Terra for various use cases.
Several crypto experts consider LUNA the best crypto to buy because of its massive potential and utility as an exchange and payment medium. Moreover, Terra has also been listed in the 10 leading cryptocurrencies by market cap. The Terra ecosystem is rapidly growing and contains more than 100 natively built projects, including non-fungible token (NFT) collections, decentralized finance (DeFi) platforms, and Web 3 applications.
2. Cardano (ADA)
Thanks to its sustainable nature Cardano is one of the top cryptocurrencies to buy for profitable returns.
When we say ‘best cryptos to buy for lower-risk returns,’ a unique coin that comes to mind is Cardano. This crypto is known for its reliable blockchain network and has a continuous development of technology stemming from its solid partnership with IOHK. However, the main catalyst for ADA’s price rally now is the series of milestones the cryptocurrency has hit in the past few months. ADA has also exceeded the 20 million transaction mark with no downtime in over 1,500 days of operation. The crypto is now held in more than one million digital wallets worldwide.
Cardano attracts investors with its “Proof of Stake” concept, which is much more energy-efficient and better for the environment than the “Proof of Work”. The fact that ADA is more energy-efficient and superior in terms of facilitating DeFi transactions and smart contracts makes it one of the best cryptos to buy for lower-risk returns.
3. Ripple (XRP)
XRP is the best cryptocurrency to rake good profits at lower risks.
Ripple, the company that issued XRP, has positioned its reputation as the most sought-after partner of many countries in creating their own digital currencies. XRP is a utility token that provides low transaction fees and fast transactions. Going forward, Ripple has the potential to replace SWIFT for international transactions or even replace the settlement layer between major financial institutions.
A key factor that positions Ripple as one of 5 best cryptos to buy is its partnerships with established financial institutions and banks. Dozens of banks worldwide are using Ripple’s technology to facilitate transactions across the globe. Currently, Santander Bank, Axis Bank, and Yes Bank are a few big names that utilize this network, demonstrating it already has more extensive institutional market adoption than most cryptocurrencies.
The only factor that weighs down XRP’s rally is the ongoing SEC lawsuit. But since the SEC's case is weak, there is growing optimism that Ripple can win the case, making Ripple one of the best cryptos to buy for lower-risk returns.
4. Polygon (MATIC)
Polygon is one of the top-performing crypto assets in the market today.
Polygon is the next addition to our list of best cryptos to buy for lower-risk returns as it addresses some of the crucial issues faced by the Ethereum blockchain. Polygon MATIC is a scalability platform that allows Ethereum-supported blockchains to communicate with one another.
With its quick transactions and low fees, Polygon is an ingenious problem solver.
The platform uses an innovative, one-of-a-kind Layer-2 solution allowing Polygon to use Ethereum for transaction verification at a fraction of the cost. In addition, Polygon’s fast-expanding portfolio of products permits developers to seamlessly access all key scaling and infrastructure solutions, including L2 solutions, sidechains, hybrid solutions, standalone and enterprise chains, and data availability solutions.
The network’s scaling solutions have been widely used, with over 3000 apps hosted, 1 billion transactions completed, around 100 million unique user addresses, and over $5 billion in assets safeguarded. Yet another critical news for the Polygon Network in 2022 was the development of a photographic NFT platform through the Polygon blockchain.
5. Decentraland (MANA)
This blockchain-based virtual reality platform could be one of the best cryptos to buy for lower-risk returns.
MANA is currently one of the most popular altcoins related to the metaverse. With consistent updates and announcing regular partnerships with other projects, Decentraland has garnered the attention of numerous investors. The platform allows users to buy virtual plots of land to create and monetize content as more users move through the online space.
Recently with JP Morgan investing in Decentraland, MANA has reached new highs of prominence. Virtual reality is going to be a key trend to watch for 2022, making decentralized virtual reality platforms like Decentraland crypto worth adding to your portfolio for future returns. Decentraland is already seeing a surge in investor interest that is likely to increase in the coming days as both people and companies try to get their fair share in the metaverse.
The Bottomline
However, choosing the right cryptocurrency is still a challenging task for investors. Nevertheless, considering strong backing and potential growth strategies, these are the 5 best cryptos to buy for lower-risk returns. Anyway, before investing, it is always advised to research more about the token and evaluate your risk appetite.
Read More:
The 5 Best Ways to Buy Cardano (ADA)
The 5 Best Ways To Buy Polygon (MATIC)