China Is Manipulating Bitcoin
Top 5 Crypto to Invest in November 2022
In October, the crypto market declined by almost 30% as investors reacted negatively to news that the SEC would not be approving any new Bitcoin ETFs until February at the earliest. The month also saw a continuation of the downward trend we’ve seen throughout most of Q3, with bitcoin falling below $6,000 and emerging market tokens such as NEO, ICX and ADA getting hit particularly hard. As a result of this market dip, many investors are asking: what should I invest in November? Here are our top 5 picks.
Cardano is a smart contract-capable blockchain with a strong focus on formal verification and security. The Cardano team has a strong academic background, with co-founders having previously worked as academics at Stanford, Oxford and UCL, and they have partnered with two large Japanese companies. They have a strong roadmap and the project is carefully and transparently developed. ADA has seen a significant price drop in recent months, which is why we think it’s a good buy right now. We think that Cardano is a strong project and we’re confident that it will recover from this recent downward trend.
Ripple is a blockchain-based protocol for cross-border payments that is currently seeing very rapid adoption. It has a strong team, a large number of high-profile partnerships and is being used by several major banks and financial institutions. XRP is a token on the Ripple network and is currently the third largest cryptocurrency by market cap after Bitcoin and Ethereum. Although XRP has seen a significant price rise in recent months, the market downturn has caused its price to drop.
Stellar is a distributed payments network with a strong focus on low-cost cross-border payments. XLM is currently the eighth largest token by market cap. It is currently used by both financial institutions and fintech startups. XLM has been affected by the market downturn, but we think that it is a strong project with potential for growth in the future.
Bitcoin Cash (BCH)
Bitcoin Cash is a fork of Bitcoin with a focus on low-cost and quick payments. With its recent update, we think that BCH is a strong contender for being used as the base pair on centralized exchanges. Despite the recent downturn, we think that BCH has a lot of potential for growth in the near future. BCH is currently the fourth largest cryptocurrency by market cap.
Ethereum is a decentralized blockchain-based platform for smart contracts. Although it has been the first and largest smart contract platform, it has seen a lot of competition in recent months. However, we think that it is still a strong contender and the market downturn has caused its price to drop. We think that it is a good time to buy ETH.
In this article, we’ve explored some of the top cryptocurrencies to invest in as well as a general overview of the current market conditions. We believe that there is a lot of potential for growth in the crypto space and that now is a good time to invest. We’ve also outlined some key tips for investing in crypto: Do your own research Be realistic about your long-term goals Manage your risk