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After Bitcoin and cryptocurrency's wild bull run in late 2020 and early 2021, many holders are now using cryptocurrencies for their payments and transaction purposes. Almost every day, approximately US$12 million are transferred across Bitcoin, Ethereum, and Litecoin blockchains, with millions of people using cryptocurrency daily. While prices are often the focus when crypto is in the spotlight, daily transaction counts describe how much a network is being used as a medium of exchange. According to reports, daily transactions across the Bitcoin, Ethereum, and Litecoin networks have increased six-fold, from just 250,000 to more than 1.5 million transactions a day. October has also been a remarkable month for crypto holders, and the price is continuing stably. So, in this article, we have listed the top 10 cryptocurrencies that you can buy this November weekend.
Market cap: US$1.089 trillion
It is no surprise that Bitcoin has continued to soar in the market as the first preference for investment for every crypto holder. NTC continues to enjoy the privilege of being the first cryptocurrency. It is more widely accepted than any other cryptocurrency in the market. It is even envisioned by some investors as a good hedge against inflation since there will never be more than 21 million Bitcoins in circulation.
Market cap: US$507.312 billion
Ethereum is a decentralized software platform that enables smart contracts and decentralized applications to be built and run without any downtime, fraud, control, or interference from the third party. The aim behind creating ETH was to create a decentralized suite of financial products that anyone can access freely regardless of nationality, ethnicity, or faith.
Market cap: US$101.96 billion
Binance Coin is a utility cryptocurrency that operates as a payment method for the fees associated with trading on the Binance Exchange. It is the third-largest cryptocurrency by market cap. It was initially an ER-20 token that operated on the Ethereum blockchain and uses the proof-of-stake consensus model.
Market cap: US$27.33 billion
Avalanche is a layer one blockchain that functions as a platform for decentralized applications and custom blockchain networks. It is one of Ethereum's biggest rivals, aiming to dethrone the crypto for being the most popular blockchain for smart contracts, by having a higher transaction output of up to 6,500 transactions per second while not compromising scalability.
Market cap: US$72.54 billion
Tether is one of the first and most popular stablecoins in the market. Because most digital currencies have experienced frequent periods of dramatic volatility from time to time, tether and other stablecoins have attempted to smooth out the price fluctuations to attract more investors who prefer to play safe. Due to the recent episodes of volatility in the market, an increasing number of new investors have flocked towards tether.
Market cap: US$48.43 billion
Cardano is a cryptocurrency that was created with a research-based approach by engineers, mathematicians, and cryptography experts. the team behind ADA created the crypto through extensive experimentation and peer-reviewed research. Due to this rigorous process, Cardano stands out among its proof-of-stake peers and other large cryptocurrencies.
Market cap: US$28.533 billion
As a meme coin, dogecoin stirred quite a fuss in the market in 2021. The image of the Shiba Inu dog as the DOGE avatar has attracted a lot of investors as it is quite adorable. DOGE has been used primarily as a tipping system on Reddit and Twitter to reward the creation and sharing of quality content.
Market cap: US$21.699
Crypto.com Coin is the native cryptocurrency token of the crypto.com chain, which is a decentralized, open-source blockchain developed by the crypto.com payment, trading, and financial services company. The token is a product of the company's line-up of solutions designed to accelerate the global adoption of cryptos as a means of increasing personal control over money and safeguarding assets.
Market cap: US$62.088 billion
Solana is one of the biggest winners among the large cryptocurrencies, since the last year, as the crypto has grown by almost 10,000%. Many investors have flocked to SOL as an alternative to Ethereum. Both the blockchains support smart contracts, but Solana offers a much faster processing speed and lower transaction fees than Ethereum.
Market cap: US$38.31 billion
DOT is based on a unique proof-of-work concept that is focused on delivering interoperability among other blockchains. It also allows parachains or parallel blockchains with their native tokens for specific use-cases.
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Disclaimer: Analytics Insight does not provide financial advice or guidance on cryptocurrencies and stocks. 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. This article is provided for informational purposes and does not constitute investment advice. You are responsible for conducting your own research (DYOR) before making any investments. Read more about the financial risks involved here.
