Top 10 cryptocurrencies to invest (November 2023)
Don't you know which are the best cryptocurrencies to invest in? At TruBit we are going to show you our monthly Top 10 with the digital coins with the highest market capitalization and those that have increased their price during the last 30 days, so you can buy your cryptocurrencies in an informed way.
Remember that to invest in crypto it is necessary to be informed and know all the current trends, so we recommend you to read our weekly cryptocurrency news to be informed about the events that can change the current prices.
Top 5 Crypto Gainers to buy (Nov. Week 3)
Are you unsure about which cryptocurrencies are the most promising investment trend? At TruBit, we've curated a weekly roundup showcasing our Top 5 picks, focusing on those with notable price surges over the past week.
Given the volatile nature of crypto, staying updated on the latest trends is crucial. Therefore, we advise you to peruse our weekly crypto news digest for insights into factors that could influence market prices.
Rank - Price - Trending
Market Cap - Trading Volume
Project Introduction - Token Function - Recent Activity
Rank: #41 Price: $18.17 7d: 16.01% 📈
Market Cap: $1,521,363,244 Trading Volume: $12,9814,502
Project Introduction: Injective Protocol is a finance-focused blockchain offering a platform for DeFi applications such as decentralized exchanges and lending protocols. It features a fully decentralized orderbook, compatibility with multiple blockchains, and high performance with instant transaction finality. Token Function: The INJ token is integral to Injective, used for protocol governance, securing the network through Proof-of-Stake, and incentivizing developers. Additionally, it captures value through a unique buy-back-and-burn mechanism tied to dApp fees. Recent Activity: Injective has recently seen significant developments in expanding its ecosystem, enhancing interoperability with other blockchains, and continuously engaging its community in governance decisions. These activities underscore its commitment to advancing the DeFi sector and its technological infrastructure.
Rank: #61 Price: $6.49 7d: 8.63% 📈
Market Cap: $856,348,191 Trading Volume: $71,097,997
Project Introduction: Axie Infinity is a blockchain-based game where players collect, breed, and battle digital creatures called Axies, reminiscent of Pokémon and Tamagotchi. It features a complex ecosystem where Axies, as NFTs, have varied attributes and strengths, and can be bred or traded on the Axie marketplace. Token Function: Axie Infinity Shards (AXS) serve as the game's governance token, allowing holders to vote on key decisions and manage the Axie Community Treasury funds. AXS token holders will soon be able to stake their tokens, receiving rewards that require active participation in voting and gameplay. Recent Activity: Axies have a unique breeding system limited to seven times per creature to control population, and there's a dedicated mating hub for strategic breeding. The game has introduced a cost in ETH and SLP tokens for breeding, enhancing the rarity and value of newly bred Axies.
Rank: #77 Price: $1.6 7d: 8.25% 📈
Market Cap: $591,548,562 Trading Volume: $52,034,059
Project Introduction: ApeCoin is an ERC-20 token designed to power the APE Ecosystem, fostering a decentralized community in web3 development. It enables self-governance through the ApeCoin DAO, where holders vote on the utilization of the ApeCoin DAO Ecosystem Fund. Token Function: Serving as the governance token of the APE Ecosystem, ApeCoin allows holders to participate in the ApeCoin DAO and influence community initiatives. It also acts as a key for exclusive ecosystem access, like special games and services, and is a resource for third-party developers to integrate into their projects. Recent Activity: The APE Foundation, guiding the ApeCoin DAO, was recently gifted a unique NFT by Yuga Labs, creators of the Bored Ape Yacht Club. This gift, including all rights to the NFT and its artwork, offers ApeCoin DAO members the opportunity to decide on its utilization, expanding the token's influence within the ecosystem.
Rank: #9 Price: $0.08338 7d: 7.1% 📈
Market Cap: $11.86B Trading Volume: $525.07M
Project Introduction: Dogecoin (DOGE) is a light-hearted, open-source digital currency that originated from the "doge" meme, featuring a Shiba Inu logo. Created by Billy Markus and Jackson Palmer, it was designed to be more accessible and fun than traditional cryptocurrencies, gaining attention from figures like Elon Musk. Token Function: Dogecoin's primary use is as a tipping mechanism on platforms like Reddit and Twitter, rewarding quality content creation and sharing. It is accessible through Dogecoin communities and faucets, which provide small amounts of DOGE for free to introduce new users to the currency. Recent Activity: While there's no specific recent activity mentioned, Dogecoin continues to maintain its presence in the cryptocurrency community, largely supported by its fun and user-friendly approach, and often highlighted by high-profile endorsements.
Rank: #54 Price: $0.6801 7d: 6.42% 📈
Market Cap: $1,003,152,398 Trading Volume: $41, 851, 259
Project Introduction: Flow is a proof of stake blockchain designed as a foundation for Web3 and the open metaverse. It supports a wide array of applications including NFTs, DeFi, DAOs, and more, and is powered by Cadence, a language tailored for digital assets. Token Function: The Flow blockchain utilizes its native token for various functions within its ecosystem, facilitating transactions, incentivizing network validators, and enabling participation in governance processes. Recent Activity: Flow continues to expand its ecosystem, attracting creators from top brands and development studios. With a history of successful projects like CryptoKitties and NBA Top Shot, it's focused on bringing more users and innovations to the Web3 space.
Keep informed and read the most relevant news in the cryptocurrency world 👇
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Every week, TruBit brings you the best cryptocurrency news to help you make better investment decisions.
Top 10 cryptocurrencies to invest in November 2023 by market capitalization
The market value of a cryptocurrency is reflected in its market capitalization, which functions as the main indicator for all those who want to invest in them. Generally, the higher the market capitalization, the higher the perceived dominance of that cryptocurrency in the market. That is why market capitalization is seen as the main criterion when ranking cryptocurrencies.
Why is it important to know the market capitalization? If you are looking for cryptocurrencies to invest, it is convenient to see the ones with the best market capitalization indicator, because they are the most solid digital currencies, which will hardly lower their price much and of course they are the projects that have more trust from users.
This is the Top 10 cryptocurrencies to invest in November 2023, according to their market capitalization (Taken from Coinmarketcap)
Tether USDt (USDT)
10 cryptocurrencies to invest in November 2023 | Top earners in the last month
There are coins that gained a lot of value in the last 30 days. These cryptocurrencies are an option for those who want to invest and make a quick profit.
Why is it important to know the coins that gained the most in the last month? If you are looking for cryptocurrencies to invest and make quick profits, you need to keep an eye on these changes every 30 days.
This is the Top 10 cryptocurrencies to invest in November 2023, the ones that gained the most in the last 30 days (Taken from Coinmarketcap)
Increase over the last 30 days
What are the best tokens of October 2023?
Best performers in October:
- INJ: +952% year-over-year gain, driven by BitGo integration and a Google cloud-backed hackathon.
- Neo (NEO): Announced development of an EVM-compatible, MEV-free sidechain.
- Solana (SOL): Rises despite a $1.162 billion hold on FTX, driven by Coinbase activity and institutional backing from VanEck.
Whether your strategy is conservative or you want to make a quick profit, cryptocurrencies for investment, both for market and profit, will give you an overview of the current state of cryptocurrencies and allow you to make a profit.
Make sure to buy or invest in secure cryptocurrency exchanges to keep your investments healthy and without fear of trouble. In addition, these platforms will allow you to do more with your cryptocurrencies, as in addition to trading, you can earn interest with them and do activities such as perpetual contracts to play with the market.