The crypto market appears again ready to make significant jumps after Bitcoin crossed the $20,000 threshold earlier this week. However, the crypto market remains volatile. Purchasing digital assets that could earn returns without exposure to many risks is widely considered a best practice. This article examines the best cryptocurrency to buy for lower risk returns.
1. Tamadoge (TAMA) – Overall Best Cryptocurrency to Buy
TAMA is one of the best cryptocurrency to buy for lower risk returns. It is the native token for Tamadoge, a blockchain gaming platform that allows players to earn actual money while enjoying their favorite activity.
Tamadoge integrates non-fungible tokens (NFTs) into blockchain gaming, allowing players to buy NFTs that represent digital pets. Players are to breed their pets and use them to battle other players’ pets to earn TAMA tokens.
TAMA has been one of the most impressive crypto assets in the market. The crypto asset currently trades at $0.105, representing a fivefold increase in price over the past week.
TAMA has been successfully listed on the MEXC and LBank centralized exchanges, opening it up to a broader pool of investors.
🌟 $TamaDoge (TAMA) will be listed on LBank! @Tamadogecoin
TamaDoge will give everyone the ability to mint the doge’s they want to, and will allow users to breed, train and battle their TamaDoge NFTs.
— LBank.com (@LBank_Exchange) September 30, 2022
More exchange listings are still to come. For instance, the asset’s developers recently announced that they are working on an October 7 listing on Estonia-based cryptocurrency exchange Coinsbit. With over 2 million users, Coinsbit is one of Eastern Europe’s largest exchanges. Listing here is sure to help improve TAMA’s level of investor exposure even more.
Attention #TamadogeArmy! 📣
Date 🗓️ 07th Of October
Time ⏰ 1 pm BST
— TAMADOGE (@Tamadogecoin) October 5, 2022
Just as well, Tamadoge’s developers are set for an NFT drop that will happen on October 6. With this drop, prospective buyers and investors can purchase ultra-rare NFTs that reportedly have higher speed, agility, and awareness in the Tamadoge online game. These NFTs will give their holders a better chance of boosting their stats and climbing the leaderboard to earn rewards.
⏰ Only 1 Day Left Until The Tamadoge Ultra #NFT Drop ⏰
— TAMADOGE (@Tamadogecoin) October 5, 2022
2. Lucky Block (LBLOCK) – Best Crypto for Prize Pools and Giveaways
LBLOCK is also one of the best cryptocurrency to buy for lower risk returns. The digital asset is Lucky Block’s utility token.
Lucky Block, an NFT competitions and rewards platform, has seen impressive growth since it launched earlier this year. Its token currently trades at $0.00022, depicting a 20% downtrend in the past week.
Despite its bearish streak, LBLOCK still has strong utility. Investors can buy Lucky Block to participate in regular prize pools and giveaways that the platform’s developers organize.
Lucky Block also recently launched a bridge for its V2 token, which is available on centralized exchanges like LBank. This bridge will allow holders of the V1 token to switch to the exchange-friendly V2 token.
— Lucky Block (@luckyblockcoin) October 5, 2022
3. Binance Coin (BNB) – Biggest Exchange Token
BNB is the crypto market’s largest exchange token. The digital asset is tied to the Binance ecosystem, allowing users to enjoy several benefits, including discounts on trading fees.
BNB moves in tandem with many large-cap coins. It currently trades at $294.73, a 5.1% price increase in the past week.
As Binance continues to expand, BNB’s prospects continue to improve. In the past two weeks, Binance has opened a second office in Brazil and is now greenlit to kick off operations in New Zealand.
The exchange has also partnered with the government of Kazakhstan to fight financial crime. These initiatives continue to improve the exchange’s standing in the market while bolstering BNB’s growth potential.
#Binance opens two offices in Brazil in a move to expand in the country and to grow crypto adoption in Latin America.
The offices were announced by @cz_binance, who visited the country in March this year. Since then, we have more than doubled the team dedicated to Brazil.
— Binance (@binance) October 3, 2022
4. Dogecoin (DOGE) – Backed by Elon Musk
Investors looking for the best cryptocurrency to buy for low-risk returns can also consider one of the market’s best meme coins.
DOGE remains one of the most valuable cryptocurrencies in the market, even with the current market downturn affecting assets across the board.
With a price peg of $0.0065, DOGE has been on a 10% bull run in the past week.
DOGE’s potential to yield returns appears to be even higher as billionaire Elon Musk intends to complete his planned $44 billion takeover of Twitter. The deal, which was first floated earlier this year, appears to be at the finish line finally.
With reports suggesting that Musk has a plan for Dogecoin and Twitter, DOGE could be the best cryptocurrency to buy this month for lower risk returns.
5. XRP (XRP) – Top Payment-Focused Crypto
XRP is the market’s leading payment-focused crypto, intending to make cross-border payments easier and cheaper.
XRP’s developers, Ripple Labs, have been entangled in a securities fraud lawsuit with the Securities and Exchange Commission (SEC) for almost two years. Despite the lawsuit, XRP has still made some gains. Ripple Labs has also been making consistent moves to improve the asset’s use cases.
At press time, XRP trades at $0.4939. The asset’s price pumped up by 8.5% in the past week.
The jump in XRP’s price appears to be due to a new SEC and Ripple Labs case update. Last week, the case judge ordered the SEC to submit critical documents written by SEC Corporation Finance Division Director William Hinman.
Ripple believes that the documents could be a key piece of evidence to discredit the SEC’s claims and that access to them could improve the company’s prospects of winning the case.
Conclusion – 5 Best Cryptocurrency to Buy for Lower Risk Returns October 2022 Week
In this roundup, we have explored some digital assets with huge gains. Another ground-breaking project worthy of mention is IMPT which uses blockchain technology to address climate control. The platform has launched the presale of its utility token so that early-bird investors can buy IMPT tokens now.
Read More on the Best Cryptocurrency to Buy:
Tamadoge – Play to Earn Meme Coin
- Earn TAMA in Battles With Doge Pets
- Maximum Supply of 2 Bn, Token Burn
- Now Listed on OKX, Bitmart, Uniswap
- Upcoming Listings on LBank, MEXC