Top 10 Digital Currencies to Invest in November Including Bitcoin, Ethereum, Solana and Polkadot
The growing popularity of cryptocurrencies is attracting more and more new investors to the markets, and the month of October saw the market capitalization of cryptocurrencies rise by almost 30%.
Many companies have recently started accepting digital currencies as a legitimate form of payment, which makes the time for new investors to enter the market, and due to the upward rise in the value of Bitcoin, investors have become more optimistic, comfortable and eager to invest in digital currencies.
Analytics insight reviewed the top 10 coins to invest in for the weekend of November.
Bitcoin
Market capitalization: 1.233 trillion US dollars
Bitcoin broke all records in the past two months after the launch of a Bitcoin futures ETF in the US, and consequently many companies announced the adoption of Bitcoin as a payment method; Which makes it a smart investment choice, and even with thousands of cryptocurrencies in the market, Bitcoin still makes up 43% of the total cryptocurrency market.
Ethereum
Market capitalization: 555.11 billion US dollars
The Ethereum cryptocurrency has recently stabilized its value in the market, and although it was launched after many other coins, its position has surpassed many of its peers in the market due to the unique technology it provides.
With Ethereum, codes that control the digital value can be written, executed exactly as they were programmed, and can be accessed from anywhere in the world.
Ethereum is a decentralized system based on a database, the blockchain, and it is also several computers connected to each other around the world, using some applications through which many orders are executed according to smart contracts, which are informational protocols that simulate the conclusion of traditional contracts where conditions require and requirements for its implementation without the need for a specific authority or body to control its operations.
Solana
Market capitalization: 74.48 billion US dollars
Solana recently soared to an all-time high, becoming the fourth largest cryptocurrency in the market, and this growth occurred at a time when all other major cryptocurrencies were facing huge price hikes.
Solana is one of the fastest growing blockchain networks, and the main competitor to Ethereum.
Polkadot
Market capitalization: US$48.792 billion
It is an open source, multi-chain protocol that makes it easy to move across the chain for any data or asset types, not just tokens. This in turn enables external networks and the first layer of ad hoc (Parachains) to communicate and create an interconnected Internet of the blockchain.
Binance
Market capitalization: 105.37 billion US dollars
It is one of the few cryptocurrencies in the market, which reached its peak after 2017, when all major cryptocurrency prices rose and reached their peak before diving into a decline in value.
Binance, unlike other cryptocurrencies, is slow but has maintained a steady upward trend after 2017.
Dogecoin
Market value: 34.743 billion US dollars
Thanks to the tweets of Tesla CEO Elon Musk who suggested upgrading Dogecoin to beat Bitcoin, and predicted that its value would continue to rise in a tweet in which he said I will not and will not sell any Dogecoin.
The currency has risen in value to become one of the most cost-effective cryptocurrencies in the market, and many analysts see Dogecoin as the best investment option.
Chainlink
Market capitalization: 16.890 billion US dollars
Chainlink is a decentralized oracle network built on the Ethereum blockchain, used to facilitate data transfer from off-chain sources, to on-chain smart contracts. Smart contracts are pre-defined agreements on the Blockchain that automatically evaluate and execute information when certain conditions are met. Link currency are tokens that are used to pay for services on the network.
XRP . Ripple
Market capitalization: $58.792 billion
It is an open source payment system that enables people to break free from the constraints of financial networks i.e. credit cards, banks, PayPal and other institutions that restrict access to funds by paying fees, as well as currency exchange fees and delays.
Tether coin
Market capitalization: 73.834 billion US dollars
It is a stable currency, and it has a certain value announced on the platform that is mainly linked to the dollar, and it can also be traded or converted into any normal currency such as the dollar, the euro or others, and this currency can also be used in some public places such as international restaurants or some institutions that support Such currencies are like banks.
Cardano . Cardano
Market capitalization: $71.497 billion
Cardano continues to be one of the most popular cryptocurrencies due to its flexible network and fast transactions, and a recent upgrade in the established network has enabled smart contracts to be built on its network.
