Week 2, September 2021: 5 Best Cryptocurrencies to Buy Reduce Risk, Gain Rewards

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The crypto market is plagued by bearish control, with large-cap cryptocurrencies such as Bitcoin showing flat trends since Monday. However, some cryptocurrencies have shown remarkable resilience, with several still in an uptrend. If you are looking for the best cryptocurrencies with lower risk and returns, this article will give you some suggestions.
1. Solana (SOL)


Dubbed the “Ethereum killer,” the Solana blockchain has been performing well lately.
Since the beginning of August, the SOL token has risen by more than 1,000%. This impressive growth makes it one of the best cryptocurrencies with low risk and high returns.
The Solana blockchain is designed to ensure widespread adoption of decentralized finance (DeFi) solutions. The Solana protocol enables developers to build decentralized applications (applications) for the next generation of financial services.
The Solana blockchain uses a hybrid consensus architecture that employs both a Proof of Stake (PoS) mining protocol and a Proof of History (PoH) time mechanism. This dual combination makes the blockchain highly efficient and low-cost. It also features a high block finality timeframe with over 50,000 transactions per second (TPS) as its base throughput.
Solana has seen more integrations than any other protocol and recently welcomed energy company Power Ledger. Growing adoption has seen the SOL token rise by more than 1,000%, surpassing its previous high of $55.91. Currently, the digital token is trading at $208.27, up 26.64% in the past 24 hours. Its weekly gain of 79.02% makes the SOL token the sixth largest crypto asset by market cap.
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2. Cardano (ADA)


Another much-hyped “Ethereum killer,” the Cardano network claims to be the next generation of blockchain technology.
Founded by former Ethereum co-founder and mathematician Charles Hoskinson, Cardano uses a PoS protocol called Ouroboros.
The protocol divides the validation period into epochs, where specific validating nodes are randomly selected to validate transactions on the network.
Cardano’s blockchain has been gaining traction, with many Dapps planning to integrate with the network after the launch of smart contract functionality on September 12. This has caused the network’s native token, ADA, to surge to a record $$3.10 amid a series of bullish waves. However, the digital asset lost some momentum, falling more than 30% to $$2.3, falling along with the entire market.
Meanwhile, ADA is looking to retest its previous highs and has risen to $2.59, up 10.54% on the daily trading chart. However, weekly gains are currently negative, with ADA down 14.96%. The digital asset’s historical pricing data shows that it is poised to recover and become one of the best cryptocurrencies with lower risk and returns.
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3. Algorand (ALGO)


Algorand is another top crypto protocol that has seen notable adoption over the past few weeks. Founded by MIT computer science professor Silvio Micali, the Algorand blockchain is a self-sustaining decentralized network that enables multiple blockchain platforms to be built on top of it.
Like several other new generation protocols, Algorand aims to solve scalability issues and strives to reduce its block finality time to 0.5 seconds. Currently, this PoS blockchain protocol has a throughput record of 1,000. The protocol expects to increase these numbers to 46,000 TPS by the end of this year.
The Algorand blockchain is gradually growing in popularity. The network has been designated as the launchpad for the El Salvador Bitcoin Initiative. According to the company’s press release, Algorand has partnered with the Salvadoran government to build the necessary infrastructure to ensure the adoption of Bitcoin as a legal medium of exchange in the Latin American country.
This growing adoption has allowed ALGO to rise in a market currently controlled by bears. ALGO has gained 19.56% in the past 24 hours and is currently trading just above $2 at $1.99. The weekly chart shows that ALGO has gained 71.56%, making it one of the best cryptocurrencies with a lower risk reward.
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4. Filecoin (FIL)


Filecoin is the 22nd-ranked top crypto protocol in the crypto market with a total market capitalization of over $9 billion.
Filecoin is a decentralized storage network that aims to revolutionize the cloud storage space.
The trillion-dollar industry, which is largely controlled by large tech giants such as Google Cloud, AWS, and Microsoft Azure, has come under heavy criticism. This has been directly linked to the many data breaches that have exposed customers’ data to malicious actors. Another factor is the high fees required to store files in the cloud.
Filecoin solves all these problems by being decentralized and permissionless, which means that no single entity has full control over the data, eliminating single points of failure. In addition, Filecoin is very affordable, paying only a fraction of the cost of using traditional cloud storage space. Filecoin incentivizes storage owners through its native token FIL, who use their idle hardware space to store data for customers.
The decentralized storage protocol recently partnered with multi-chain scaling solution Polygon to accelerate interoperability for the Web 3.0 decentralized internet.
In terms of price, FIL has been making major gains and is currently up 8.54% at $89.73. The virtual currency has gained 14.28% over the past week. The value proposition of the protocol makes it the best cryptocurrency with a lower risk return.
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5. Near (NEAR)


Near Protocol (also known as NEAR) is not that popular in the crypto space. However, the rising demand for ESG-friendly blockchain platforms has made this token one of the best cryptocurrencies with lower risk and returns.
Near uses a PoS protocol called Nightshade, which enables development teams to build Dapps in less than ten minutes. The blockchain platform also uses a block finality mechanism called Doomslug, which enables it to process transactions at over 100,000 TPS. It can do this because it relies on sharding technology to optimize performance.
The Near protocol has already seen institutional adoption. Most recently, the second-layer scaling solution Aurora was launched on its blockchain.
In terms of price, NEAR has been on an upward trend throughout the week and has gained 93.34%. The digital asset’s upward momentum continues unabated, with a gain of 5.94% in the past 24 hours. It is trading at $10.73 and is the 31st most valuable cryptocurrency with a market cap of $4.7 billion.
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