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The huge demand for cryptocurrencies has led to the surge in the cryptocurrency market with potential new crypto investors across the world. Despite being a highly volatile market, crypto investors are looking for popular cryptocurrencies for long-term investment in their digital wallets in November 2021. Let's explore the top ten cryptocurrencies that are suitable for long-term crypto investment in November with an opportunity to gain higher profit in the nearby future.
Market cap: US$1.18 trillion
Bitcoin is one of the oldest and popular cryptocurrencies for crypto investors in November 2021 owing to its recent developments in the cryptocurrency market. This cryptocurrency has crossed the boundary of US$60Kin October 2021 while today's price is at US$65,435.19, up by 5.53%. Bitcoin utilizes peer-to-peer technology to operate without any central bank authority and is nearly a three-week high in the cryptocurrency market.
Market cap: US$538 billion
Ethereum is one of the top ten cryptocurrencies suitable for a long-term crypto investment in November. It is well-known for being a blockchain-based software platform for seamless transactions of cryptocurrencies with smart contract functionalities in the cryptocurrency market. Crypto investors can buy this cryptocurrency in November owing to its price at US4,730.93 up by 4.04%. The price of Ethereum surged up to new heights in October 2021 with an all-time high record on November 4, 2021. It is still the second-largest cryptocurrency in the volatile market.
Market cap: US$13 billion
Binance Coin is one of the top ten cryptocurrencies for crypto investors to invest in November 2021 as it runs on the Ethereum blockchain with ERC 20 and 200 million BNB tokens. This cryptocurrency is expected to boost the operation of the Binance Exchange with smart functionalities. Crypto investors can use Binance coin for several purposes and it is a suitable long-term investment to gain higher profit efficiently. Binance is also known as one of the largest cryptocurrency exchanges across the world.
Market cap: US$72 billion
Tether is popularly known as the stable coin in the cryptocurrency market that is backed by the U.S. dollar. Since its stability in the highly volatile market, crypto investors lean towards Tether to gain stability in the digital wallet. The current price of this cryptocurrency always remained at US$1 since its launch in 2014. It is one of the top cryptocurrencies suitable for crypto investment in November 2021.
Market cap: US$66 billion
It is expected in the cryptocurrency market that Cardano will rise with a strong market capitalization and an increase in the powerful value per coin in November 2021. Cardano is one of the top ten cryptocurrencies in the crypto investor community for its open-source and public blockchain that works on the Proof-of-Stake algorithm. It provides top-notch security to DApps and digital wallets efficiently and effectively.
Market cap: US$75 billion
Solana is a popular cryptocurrency for the long-term crypto investment in November owing to its support to 50,000 transactions per second with a block time of 400ms. Solana is known for gaining popularity in the last few years among crypto investors across the world. It provides high usability as well as smart functionalities in a highly effective and censorship-resistance secure blockchain.
Market cap: US$59 billion
With the current price at US$1.29, XRP is known as the seventh popular cryptocurrency in the cryptocurrency market after Bitcoin and Ethereum. This cryptocurrency is known as the digital asset on the XRP ledger with multiple global payment solutions through on-demand liquidity services. It provides fast and energy-efficient functionalities to the crypto investor community worldwide.
Market cap: US$32 billion
Dogecoin started as the famous internet meme and now it is one of the top ten cryptocurrencies for crypto investment in November 2021. The credit goes to the Tesla owner, Elon Musk, for controlling this cryptocurrency price and craze in the cryptocurrency market. It is one of the most-talked cryptocurrencies for its growth of over 3% to US$0.27 on November 8, 2021. Dogecoin is known as an inflationary coin due to its unlimited supply for crypto investors.
Market cap: US$29 billion
Shiba Inu is one of the rising cryptocurrencies in the highly volatile cryptocurrency market that can test resistance to US$0.000070 levels before a pullback. This cryptocurrency has suddenly gained popularity among crypto investors after its launch in August 2020. Just like Dogecoin, Elon Musk posted cryptic tweets on Shiba Inu and made it popular to release a series of NFT known as shiboshis.
Market cap: US$51 billion
Polkadot has positioned itself as one of the top ten cryptocurrencies suitable for crypto investment in November 2021 with its record-high trade on November 4, 2021. The cryptocurrency token is popular among crypto investors to use for staking, bonding, and governance. It is expected that the price of the cryptocurrency will increase the post-impending vote for allowing para-chain auctions on the network.
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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.
