These Are The Top Risk-Averse Cryptocurrencies

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Cryptoasset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

Last Updated November 15th 2022
5 Min Read

The Top Risk-Averse Cryptocurrencies - Our Picks

Bitcoin - King of all cryptocurrencies

Ether - Largest altcoin with low risks 

Cardano - Top green altcoin breaking all boundaries


A Closer Look At The Top Risk-Averse Cryptocurrencies

Cryptocurrencies are all in the rage these days, particularly with speculative investors. What earlier used to be a fringe investment is now at the front and center of the financial revolution. Even top international and national press institutions keep a close eye on the daily movements of crypto coins and other digital currencies.

Bitcoin, one of the most popular currencies, is recognized and trusted by almost everyone. Keeping in mind that the crypto market is considered to be extremely volatile, many investors hesitate to risk it all the first time. So, in this article, we have listed the top risk-averse cryptocurrencies according to experts. Invest in them today to gain an advantage in the booming crypto world.

Bitcoin (BTC)

Being a veteran crypto, Bitcoin is still one of the most well-known cryptos around the world. Since its 2013 price hike, it has steadily risen along with minor crashes.

As the first digital asset that created our current crypto ecosystem, the crypto has gained a massive underground following for years. These investors saw it as a future beacon of the digital monetary system. Today, Bitcoin is a well-known household name, given the urgency of governments and institutions to develop different ways to serve the demand for exposure from the customers' end.

Since its prominent bull run in 2013 before eventually crashing down again, the platform has garnered some doubts from several investors. However, it slowly began to rise again, reaching multiple highs over the years.

Bitcoin's instability in price is yet another sign of just how volatile the crypto market is. Nevertheless, knowing how the market is, many people see it as a sanctuary asset as it has become one of the best-performing assets in recent times.

While it is impossible to predict the future status of Bitcoin precisely, it is still worth holding on to this crypto for the next bull run. You might be hesitant to purchase any crypto at the moment, but this recent crash can prove to be a great investment opportunity if the coming run follows the pattern of recent years.

Bitcoin is undoubtedly a forerunner in revolutionary technology, and the platform has become less risky today compared to how it was a decade ago-granted that its volatility poses great concern. However, with the growing interest of governments and institutions to enter the market, BTC is a significant asset and one of the top risk-averse cryptos to invest in in 2023 and beyond.

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Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

Ethereum (ETH) 

Ethereum, commonly known as Ether, is the second-largest cryptocurrency behind bitcoin, even outperforming Bitcoin at times. Last year, Ethereum instituted an upgrade that reduced the ETH supply, currently at around 120 million coins. The upgrade also allows the network to handle more transactions per second, improve the platform’s scalability and lower transaction fees.

Compared to Bitcoin, Ethereum lacks scarcity (Bitcoin supply is capped at 21 million coins) and widespread acceptance by companies and governments. However, unlike Bitcoin, Ethereum is not just a store of value. It is also an infrastructure on which apps can be built. Other cryptocurrencies are issued on Ethereum, serving as the foundation of decentralized finance and one of the top risk-averse cryptos out there.

Many metaverse projects, including Star Atlas, Axie Infinity, and The Sandbox, use the Ethereum blockchain, as do most NFTs. Another upgrade, this one launched in September, transitioned Ethereum to a Web3-ready proof-of-stake mechanism that reduced energy consumption by about 99.95% and further increased security and scalability.

Ethereum is currently experiencing a major slump, losing over 40% of its value since the beginning of the year, which is about on par with other major cryptocurrencies. Some analysts say the low price presents a good buying opportunity for investors who’ve been waiting for the right time to test the cryptocurrency waters. The coin might also appeal to current investors who bought high and would benefit from dollar-cost averaging.

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Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

Cardano (ADA) 

Cardano is another cryptocurrency to invest in for the long term. Notably, the coin’s bear market performance has been in shambles. However, the platform gained a strong foothold while it had one major benefit over Ethereum: a proof-of-stake protocol.

Whereas prior to The Merge, Ethereum used an older proof-of-work protocol for verifying transactions and protecting the integrity of the network, Cardano’s proof-of-stake protocol served a similar function but is faster, cheaper, and more energy-efficient.

Although Ethereum’s upgrade to proof-of-stake might level the playing field — and flood the market with proof-of-stake assets — Cardano’s popularity among decentralized application developers could keep demand high for its ADA token.

In the 24 hours following Cardano’s recent “hard fork,” or change to its protocol, over 100 smart contracts were deployed on the network, according to CoinMarketCap, and it has experienced exponential growth since then.

Cardano has grown immensely over the past years, but it still has a lot of potential and room for growth, making it one of the top risk-averse digital assets to buy and HODL over the long term.

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Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

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