Top 5 Cryptocurrencies Offering Minimal Risk and Decent Yields in March 2022
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Here are five low-risk cryptocurrencies that might catch your eye this month if you're seeking returns while minimizing risk.
1. Lucky Block (LBLOCK)
We're kicking off our list with Lucky Block, the native token for the engaging Lucky Block gaming platform. This innovative platform utilizes blockchain technology to ensure transparency and fairness in gaming, providing access to popular games. By holding LBLOCK, users gain access to all the site's content, acting as a replacement for traditional playing tickets. Launched on PancakeSwap in January 2022, LBLOCK reached a high of $0.0096 just a month later, trading currently at $0.0054 with a 1.84% gain in the past 24 hours. With the market showing signs of recovery, Lucky Block is definitely on investors' radars.
The Lucky Block team is maintaining momentum, with the beta testing for the app open, and a non-fungible token (NFT) collection set to launch this month as part of their viral marketing efforts. Keep an eye on Lucky Block, as it's bound to benefit from these future developments!
Invest in Lucky Block (LBLOCK) Now
2. Dogecoin (DOGE)
Up next is Dogecoin, the crown jewel of the meme coin industry. Despite some recent slumps, Dogecoin boasts a strong potential for growth as the market begins to recover. In early April, the Dogecoin Foundation registered several of their trademarks within the European Union, signifying their intentions to change the coin's narrative. They're aiming to transform Dogecoin from a simple meme asset to a more functional crypto player, with Tesla already accepting DOGE for some merchandise and AMC Entertainment planning to accept it for payments at cinemas soon.
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3. Decentraland (MANA)
Decentraland, a leading metaverse token, takes third place in our list. The metaverse trend continues to grow, making Decentraland an intriguing low-risk investment option. Last week, the government of South Korea announced plans to invest $190 million in a national metaverse, showing that the metaverse concept is lucrative and promising. Decentraland consistently expands its reach with partnerships that help retain users and keep the platform thriving.
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4. Terra (LUNA)
LUNA, the native token for Terra's ecosystem, focuses on building high-quality stablecoins. Despite the market's recent downturn, LUNA has shown remarkable resilience with a 16% gain since the start of the year. The asset is often compared to Solana, which saw nearly 10,000% gains in 2021. LUNA's fundamentals are strong, as the LUNA Foundation recently announced raising $1 billion from investors for strengthening their stablecoin ecosystem and providing greater liquidity.
Lastly, Terra burned 29 million LUNA tokens in February, worth about $2.8 billion at the moment, demonstrating robust token economics and reassuring investors.
Invest in Terra (LUNA) Today
5. XRP (XRP)
Last but not least, we've got XRP, an industry standard for cross-border transactions. XRP's price has suffered due to a securities fraud case between its developer, Ripple Labs, and the Securities and Exchange Commission (SEC). However, February proved to be an impressive month for XRP, as it gained 24.2% during the month following Ripple Labs' victories in the ongoing case. As the case unfolds, many in the crypto community are optimistic about a favorable resolution for Ripple Labs, possibly leading to positive momentum for XRP.
Buy XRP Now
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- Investing in Lucky Block (LBLOCK) could be a smart move with the market recovery and the upcoming launch of their NFT collection, making it a potential option for low-risk returns using blockchain technology within the finance sector.
- Keeping an eye on Dogecoin (DOGE) is advisable as it has shown strong potential for growth once the market recovers and may benefit from the Dogecoin Foundation's efforts to transition DOGE from a meme asset to a functional crypto player in finance, such as its acceptance for merchandise payments at Tesla and AMC Entertainment.
