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- Insights
- Cryptocurrencies
- Stocks
- White Papers
- Industry
- Geography
The top cryptocurrencies are attracting investors looking to diversify their portfolios. Now many growing companies are accepting cryptocurrencies as legitimate means of payment, now is a good time to invest in cryptocurrencies. This article is here to help you with the list of the top cryptocurrencies with the best growth potential in November 2021.
Market cap: Over US$1.17 trillion
Created in 2009 the king of all cryptocurrencies, Bitcoin, is the first of its kind to have the highest liquidity value. This cryptocurrency aims at becoming a fully decentralized, global, peer-to-peer digital cash with no regulations. Despite the volatile nature of the market, Bitcoin is the most stable one. While the name is synonymous with cryptocurrency, Bitcoin's popularity, demand, and adoption are expected to grow manyfold in the coming years. The future of that is already being shaped with companies opening to the idea of accepting Bitcoins for payment.
Bitcoin's price has skyrocketed as it's become a household name. Five years ago, you could buy Bitcoin for about US$500. As of Oct. 29, 2021, a single Bitcoin's price was over US$62,000. That's a growth of about 12,300%.
Market cap: Over US$520 billion
Ethereum was the first cryptocurrency to introduce smart contracts that allow developers to create desktop and mobile decentralized applications powered by blockchain technology. Ethereum has maintained its position in the top cryptocurrencies of all time ever since and has a loyal team of investors who vouch for this cryptocurrency. This means Ethereum has a better chance of remaining stable, after Bitcoins.
Ethereum has also experienced tremendous growth. In just over five years, its price went from about US$11 to over US$4,400, increasingly nearly 40,000%.
Market cap: Over US$88 billion
If you own either Bitcoins or Ethereum and want to diversify your portfolio, look no further than Binance coin. The parent company, Binance, has a strong business history that has created a useful 'utility token'. The value of the Binance coin comes from its usefulness and its demand which is for traders to use Binance coins to buy other cryptocurrencies on the Binance exchange. It is worthy to note that Binance exchange is one of the world's fastest-growing cryptocurrency exchanges and with every transaction done on the platform using Binance coins, it is only becoming stronger.
Its price in 2017 was just US$0.10; by Oct. 29, 2021, it had risen to over US$530, a gain of more than 530,000%.
Market cap: Over US$70 billion
Unlike some other forms of cryptocurrency, Tether is a stable coin, meaning it's backed by fiat currencies like U.S. dollars and the Euro and hypothetically keeps a value equal to one of those denominations. In theory, this means Tether's value is supposed to be more consistent than other cryptocurrencies, and it's favored by investors who are wary of the extreme volatility of other coins.
Market cap: Over US$66 billion
Somewhat later to the crypto scene, Cardano is notable for its early embrace of proof-of-stake validation. This method expedites transaction time and decreases energy usage and environmental impact by removing the competitive, problem-solving aspect of transaction verification present in platforms like Bitcoin. Cardano also works like Ethereum to enable smart contracts and decentralized applications, which are powered by ADA, its native coin.
Cardano's ADA token has had relatively modest growth compared to other major crypto coins. In 2017, ADA's price was US$0.02. As of Oct. 29, 2021, its price was at US$2.01. This is an increase of almost 10,000%.
Market cap: Over US$60 billion
Developed to help power decentralized finance (Defi) uses, decentralized apps (DApps), and smart contracts, Solana runs on a unique hybrid proof-of-stake and proof-of-history mechanisms that help it process transactions quickly and securely. SOL, Solana's native token, powers the platform.
Launched in 2020, SOL's price started at US$0.77. By Oct. 29, 2021, its price was almost US$201.91, a gain of more than 26,000%.
Market cap: Over US$50 billion
Created by some of the same founders as Ripple, a digital technology and payment processing company, XRP can be used on that network to facilitate exchanges of different currency types, including fiat currencies and other major cryptocurrencies.
At the beginning of 2017, the price of XRP was US$0.006. As of Oct. 29, 2021, its price reached US$1.08, equal to a rise of 17,900%.
Market cap: Over US$43 billion
Cryptocurrencies may use any number of blockchains; Polkadot (and its namesake crypto) aims to integrate them by creating a cryptocurrency network that connects the various blockchains so they can work together. This integration may change how cryptocurrencies are managed and have spurred impressive growth since Polkadot's launch in 2020. Between September 2020 and Oct. 29, 2021, its price grew about 1,400%, from US$2.93 to US$44.19.
Market cap: Over US$41 billion
Created in mid-2020, Shiba Inu is one of the latest so-called "meme" coins to make it big. Siba Inu runs on the Ethereum network. With an initial price of US$0.0000000014, SHIB still trades way below a single cent but has risen immensely in value to US$0.00007567, a 5,400,000% increase.
Market cap: Over US$38 billion
Dogecoin has been a hot topic thanks to celebrities and billionaires like Elon Musk. Famously started as a joke in 2013, Dogecoin rapidly became a prominent cryptocurrency option, thanks to a dedicated community and creative memes. Unlike many other cryptos, such as Bitcoin, there is no limit on the number of Dogecoins that can be created, which leaves the currency susceptible to devaluation as supply increases.
Dogecoin's price in 2017 was US$0.0002. By Oct. 29, 2021, its price was at US$0.29—an almost 145,000% increase.
