Cryptos are making headlines, and the rally in digital assets is showing no signs of slowing down. The significance of altcoins in the market is that it gives investors the hope that their invested crypto might become the next bitcoin or crypto king. The technological implications behind altcoins keep changing and improving based on the perceived shortcoming that is predicted in bitcoin. Several altcoins use the proof-of-stake consensus mechanism, which is both energy and time-efficient. In this article, we have listed the top 10 altcoins that are going to yield great returns this November.
Market cap: US$45.96 billion
Polkadot is an Ethereum-alternative with smart contract capabilities that process transactions quickly and cheaply. Polkadot stands out due to its interoperability, that is the ability to communicate with other blockchains, which is for the success of the crypto market as a whole. DOT is attention-worthy in November because it will begin its para-chain auctions. As there is room for a limited number of para-chains, projects need to bid to lease space on the network.
Market cap: US$9.328 billion
Stellar has recently partnered with one of the world's largest money transfer companies, which has made it a prime attraction for investors in the month of November. Its blockchain technology makes money transfer and trading swift and efficient. It is designed in a way to facilitate global financial services to work together on a single network. Its software is open and decentralized, allowing efficient handling of millions of transactions every day.
Market cap: US$107.81 billion
If users use the exchange's native crypto network, then the transaction fees, which are already low get halved by 50%. Binance was primarily built for its use in the binance ecosystem, which provides exciting rebates to incentivize its use. It provides lightning-fast transactions, can be used to buy and sell a variety of cryptocurrencies, and is also safe and secure.
Market cap: US$3.325 billion
Chiliz was launched in 2018 and is possibly racing to become the top next crypto king. It focuses on monetization and fan engagement in the sports world. Chiliz.net is the world's first tokenized sports exchange where fans can trade sports-branded tokens. It has partnered with global sporting institutions Arsenal, Juventus, and others to give users the chance to participate in the governance of their favorite sports brands.
Market cap: US$73.951 billion
Several cryptos emerged to compete for the ever-growing Ethereum, and SOL is one of them. Over the past couple of months, Solana has shown exponential growth to become the fifth-largest crypto in the global market. SOL supports a hybrid consensus architecture of proof-of-stake and proof-of-history protocols. Nowadays, SOL is being increasingly used for Defi apps and NFTs. leading to its amazing price rally.
Market cap: US$28.826 billion
Shiba Inu is a testament to its branding. In recent weeks, the crypto jumped to new highs, proving its worth and showing that even though it was born out of a meme, it has the potential of being considered as a long-term investment. Since its creation in August 2021, the altcoin's price has risen exponentially. Investors are aggressively petitioning for Robinhood Markets (HOOD) to list SHIB on its platform.
Market cap: US$7.742 billion
FileCoin is a decentralized storage system that aims to store humanity's most important information. The crypto leverages its decentralized nature to safeguard the integrity of data's location, which makes it easily retrievable and difficult to sensor. Participating in the Filecoin network by mining and storing will allow users to earn more block rewards.
Market cap: US$18.93 billion
Litecoin was created back in 2011, and the crypto has a high degree of credibility relative to many of the newer altcoins. Charlie Lee essentially created Litecoin to be a better and faster alternative to bitcoin. LTC has a faster block generation rate, which allows for shorter transaction confirmation times. LTC has risen above 50% in 2021 and is one of the most popular altcoins in the market.
Market cap: US$21.681 billion
Avalanche is a layer one blockchain that functions as a platform for Defi applications and custom blockchain networks. It is one of the ether's biggest rivals that is aiming to unseat ether from its throne. AVAX does that by having a higher transaction output of up to 6,500 transactions per second while not compromising scalability.
Market cap: US$12.808 million
Bitcoin cash was created through a hard fork in the bitcoin blockchain back in 2017 in an attempt to address BTC's transaction speed issues. The fork occurred when members of the BTC community could not agree on a potential change to the size of bitcoin blocks.
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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.