The cryptocurrency landscape is hugely diverse. With few barriers to overcome, pretty much anyone that understands blockchain technology can launch their own cryptocurrency if they are so inclined. There are currently more than 1600 cryptos listed on major, middle-sized, and specialist exchanges. Among those cryptocurrencies and digital tokens, it is fair to say the number that has any genuine significance can be reduced to double figures. That smaller group can be boiled down again to the cryptocurrencies that are most traded cryptos to have real liquidity or are regularly used to pay for use of a blockchain platform with utility tokens. Since the start of the cryptocurrency phenomenon, the two most traded cryptos have been Bitcoin and Ethereum (Ether). Apart from them, there are several most traded cryptos to buy but their value and popularity tend to ebb and flow. Here the article presents the top 10 most traded cryptos in November to buy this Christmas which can make you a millionaire.
Bitcoin is a cryptocurrency, a virtual currency that acts as money and a form of payment outside the control of any one person, group, or entity, thus removing the need for third-party involvement in financial transactions. It is rewarded to blockchain miners for the work done to verify transactions and can be purchased on several exchanges. Several factors support higher Bitcoin prices, including greater acceptance by businesses and increasing demand for Bitcoin ETFs. Bitcoin can be the best Christmas investment to gain million.
Ethereum is arguably among the most traded cryptos in November to buy today, largely because of its massive upside potential. Presently it is the largest smart contract platform and is also home to the greatest selection of DeFi, dApps, metaverse, and Web3 projects. Several forecast specialists predict that its price could rise more than US$6,000 by the end of 2023. It is one of the cryptocurrency prices for 2023 to watch.
As per the technical analysis of Dogecoin cryptocurrency price trends, it is among the most traded cryptos in November. It may remain in the baggage of volatility, so Dogecoin traders have to keep a close eye on their investments. As for 2023, the crypto is estimated to cross US$0.27 by the end of this year and reach US$0.3 towards the beginning of 2023.
Solana is the fastest-growing smart contract platform and is listed among the most traded cryptos in November. Designed to replace Ethereum as the most preferred smart contract platform, Solana has rapidly onboarded each of the technologies found on Ethereum. From DeFi rod Apps, and NFTs to the metaverse, play-to-earn games to meme coins, and even decentralized exchanges. These have helped SOL tokens sustain an uptrend and peak 130000% above their ICO price. This can be the best Christmas investment.
Shiba Inu is the next most traded cryptocurrency on the list. SHIB skyrocketed in May within a very short period, but its success wore out as DOGE took over its position again. But since June, crypto started making headlines again. Keeping up with the momentum, SHIB is expected to reach a height by the end of the year.
XRP is next on the list. XRP is a cryptocurrency and the native token used by Ripple. Like other cryptocurrencies in the marketplace, XRP has a currency code similar to Ethereum's Ether (ETH). It can also be chosen for the Christmas investment.
Cardano is one of the biggest cryptocurrencies by market cap. It's designed to be a flexible, sustainable, and scalable blockchain platform for running smart contracts — which will allow the development of a wide range of decentralized finance apps, new crypto tokens, games, and more. It is also on the list of the most traded cryptos in November.
Litecoin (LTC) is an alternative cryptocurrency created in October 2011 by Charles "Charlie" Lee, a former Google engineer. Litecoin was adapted from Bitcoin's open-source code but with several modifications. Like Bitcoin, Litecoin is based on an open-source global payment network that is not controlled by any central authority. It remained the high traded crypto coin this year.
Polygon is a "layer two" or "sidechain" scaling solution that runs alongside the Ethereum blockchain — allowing for speedy transactions and low fees. MATIC is the network's native cryptocurrency, which is used for fees, staking, and more. You can buy or sell MATIC via exchanges like Coinbase.
Next on the list of the top 10 most traded cryptos in November is Binance Coin. It is one of the most significant in that it holds 1 billion trading volumes daily. Volatility is a major trait of cryptocurrencies, and BNB is not an exception to it. Even though crypto has consistently maintained its position as the third-largest cryptocurrency, the prices might still dive. Nonetheless, experts predict that Binance can cross the US$1000 mark by the end of 2023.
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Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.