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As the bulls gradually return to the market following last week’s dip, we take a look at the best cryptos to buy for lower risk returns in April. Let’s jump in.
1. Lucky Block (LBLOCK) – Overall Best New Crypto to Buy
Our top pick for the best cryptos to buy for lower risk returns is Lucky Block. The lottery concept has experienced various transformations over the centuries. Lucky Block is the recent iteration, incorporating blockchain technology with this form of gambling. It intends to build a fairer and more profitable system by merging these concepts.
The crypto-lottery platform uses blockchain technology to improve conventional lottery systems. Lucky Block uses LBLOCK instead of FIAT to allow speedy pay-outs.
The new lottery system created by Lucky Block eliminates geographical boundaries. Users from across the globe can participate in prize draws. The project seeks to solve the various problems that surround the traditional lottery system, such as liquidity, security, and delayed payouts.
Although the network was launched at the start of the year, it has drawn a lot of attention and users. Its token presale intended to end on the 1st of February got sold out by the 21st of January. Lucky Block’s team raised over $5 million during the presale.
The blockchain recently disclosed that it had hit the 50,000 token holders mark achieving its milestone. This is barely two months after its listing on Pancakeswap. Luckyblock’s rising performance certainly makes it one of the best coins to buy for low returns.
Lucky Block has also managed to tap into the non-fungible token (NFT) frenzy, launching its Platinum Rollers Club NFTs last month. The NFT collection mints for $1,500, and it offers benefits such as access to the Lucky Block community and even a chance to win a Lamborghini.
At press time, Lucky Block is trading at $0.0019. This is a drop of 20.8% in the past 24 hours and a 34.4% drop from last week’s price peg of $0.0029.
2. Cardano (ADA)
Cardano is often referred to as a third-generation public blockchain. The third-generation improves upon the shortcomings of the first and second blockchains. This improved development makes Cardano one of the best cryptos to buy for lower risk returns.
The platform recently disclosed its partnership with Wave Financial, a SEC-regulated digital asset investment management company. This has led to the launch of the Wave ADA Yield Fund. The fund will provide liquidity with millions in line to support new decentralised finance (DeFi) platforms launched in the Cardano ecosystem. This will kickstart with an initial $100m.
ADA began with a market price of $0.02 after its launch in 2017. At press time, Cardano is trading at $0.972622, up 1.45% in the last 24 hours, with a market capitalization of $818,824,818 USD.
3. Ripple (XRP)
Ripple also stands out among the best cryptos to buy for lower risk returns. The blockchain is a payment protocol that uses blockchain technology to process international money transfers. It is known for its low transaction fees and speedy processing times. The network has partnered with hundreds of financial institutions that employ its technology.
XRP was listed on crypto marketplaces in 2012 with an initial price of $0.1. The live XRP price today is $0.732721. XRP is up 2.74% in the last 24 hours and is ranking #6 on CoinMarketCap.
Ripple recently launched its Ripple’s Creator Fund, a $250 million commitment to support NFT creations. The donations will provide creators with the requisite tools, financial support, and partnership to begin their NFT projects on the XRP Ledger. Ripple’s stability makes it one of the best cryptos to buy for lower risk returns.
4. Polygon (MATIC)
Polygon is a layer two or side chain scaling solution that works alongside the Ethereum blockchain. The platform stands out among the best cryptos for lower risk returns due to its quick transactions and low fees.
Users can bring some of their cryptos over to Polygon. This allows them to interact with a wide range of crypto apps that were previously exclusive to the main Ethereum blockchain. Users can also do many of the things the main Ethereum network allows with very low fees.
At press time, Polygon’s price is $1.41. Matic is down 0.77% in the last 24 hours.
Polygon disclosed on its platform that it has gained over 1 million new DeFi users. This is following its partnership with Meshswap – an automated market maker (AMM) based decentralized exchange protocol.
Meshswap provides its users with various opportunities for yield generation. This includes swapping, lending, yield farming, and staking, supplying liquidity to the DEX. The network is suitable enough to be considered one of the best cryptos to buy for lower risk returns.
5. Decentraland (MANA)
Decentraland is the first decentralised virtual reality system. The blockchain allows interaction and communication between users and grants ownership over the virtual land in its metaverse.
NFT’s rising prominence makes Decentraland stand out as one of the best cryptos for lower risk returns. The network uses blockchain technology to recreate a free-market economy established in virtual space. Users can own, run, and trade in a totally virtual realm.
Decentraland is prepared to expand its network with its recent partnership with EPNS, a notification proof protocol. The protocol recently disclosed that its partnership with EPNS will help build its communication layer. This establishment will allow seamless transactions between the platforms and its users.
The protocol will also have an official channel on the EPNS platform for users to subscribe to. Its official channel will provide a communication medium that conveys relevant information and push notifications to all its subscribers.
At press time, Decentraland is up 1.59% with a $2.19 price.
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