Cryptocurrencies are becoming increasingly common, and they now dominate the fintech business. Most popular cryptocurrencies attract investors who invest in diverse cryptocurrencies to expand their portfolios.
Here we have listed down the top 5 cryptocurrencies to invest in November 2021:
- Bitcoin (BTC)
Market capitalization:- $1,254,991,588,784
It is the first cryptocurrency to attain the highest liquidity value. This coin seeks to be a fully decentralized, global, peer-to-peer digital currency with no restriction. Despite the market’s volatility, Bitcoin remains the most stable. Companies are already embracing the concept of taking Bitcoins as payment, paving the way for the digital token’s future. Bitcoin’s popularity, demand, and usage are likely to skyrocket in the next few years.
- Binance Coin(BNB)
Market capitalization:- $105,413,735,845
If you own Bitcoins or Ethereums and wish to diversify your portfolio of assets, Binance Coin is the way to go. Binance, the parent firm, has a long track record of success and has built a valuable ‘utility token.’ Binance Coin’s value determines by its use and demand, which is generated by traders using Binance Coins to purchase other cryptocurrencies on the Binance Exchange. It’s worth noting that Binance Exchange is one of the world’s fastest-growing cryptocurrency exchanges, and it’s just becoming better with each transaction made on the site utilizing Binance Coins.
Market capitalization:- $73,812,646,869
It is a low-cost cryptocurrency that is quickly becoming a cult favourite. Its use of Ouroboros blockchain, meaning has two blockchains instead of one, has made it a renowned power in the industry since its launch in 2015. One blockchain will handle regular transactions, while the other will operate smart contracts. Cardano’s capacity to stay scalable and speedy due to the two types of transactions will not slow it down.
- Tether (USDT)
Market capitalization:- $73,844,211,171
Tether is a stablecoin, meaning it is backed by fiat currencies such as US dollars and the Euro and theoretically maintains a value equal to one of those denominations. Tether’s value tends to be more constant than other cryptocurrencies, which is why investors appreciate it, who are otherwise frightened of other coins’ excessive volatility.
- Solana (SOL)
Market capitalization:- $72,444,403,614
Solana uses a hybrid proof-of-stake and proof-of-history method to process transactions rapidly and securely. It designs to power decentralized finance (Defi) applications, decentralized apps (DApps), and smart contracts. A native cryptocurrency, SOL, powers the platform. SOL, launched in 2020, had a starting price of $0.77. Its price reached about US$201.91 on October 29, 2021, a rise of more than 26,000%.