Currently, the cryptocurrency markets are finding some much-needed reprieve. The majority of significant tokens have surpassed their prior barriers to entry. In the end, October was "Uptober," with the majority of the year going downhill.
After saying that, let's look
at...
November's top 3 cryptocurrency projects
1. Shiba Inu (SHIB):
Shiba Inu has had a number of launches this year in addition to being one of the most well-known cryptocurrencies. Despite the fact that the Shiba Eternity game did little to increase the token's valuation, everyone is now focused on the Shibarium debut. Shiba Eternity documents having been released, SHIB developer Shytoshi Kusama has stated that Shibarium is now his exclusive focus. Kusama also disclosed that the game will be released on the new layer-2 network following the Shibarium launch.
Also read: Bitcoin: Will 2022's November be "Moonvember" for BTC?
SHIB has increased 31.4% in price over the past week. In the past 14 days, the project has grown by 25%, and over the past month, it has grown by 16.5%. SHIB was up 8.4% in the previous day's trade at $0.00001303 at the time of publication.
2. Dogecoin (DOGE):
Over the past
week, Dogecoin has outperformed all other cryptocurrencies. In the seven-day
charts, the token increased by 145%. As a meme cryptocurrency, DOGE now heavily
relies on social media interactions. Having said that, the most recent rally
comes after Elon Musk, the CEO of Tesla and a supporter of DOGE, purchased
Twitter. It has been reported that the dominant social media platform will have
a DOGE tipping function. Which thus makes it a worthwhile potential to monitor.
Read also: XRP Developing a Lead to Bullish Behavior - Golden Cross
At the time of publication,
DOGE's price was $0.145674, up 25.8% over the previous day. Over the past
month, the token has increased by 143.9%.
3. Bitcoin (BTC)
A top three list would be
incomplete without Bitcoin (BTC), the first cryptocurrency.
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| Source: Pixababy |
The Bitcoin (BTC) options market,
which monitors the price of BTC, revealed that the once-omnipresent fear of a
protracted collapse has reduced, indicating that the worst-case scenario could
be over for BTC's price.
Also read: Why You Should Be Excited About These 8 Altcoins in 2022
For the first time since March,
both the long- and short-term skews have risen close to zero, indicating a
decrease in the demand for puts or down protection in comparison to calls or
bullish bets. The mood of the market has finally reverted to neutral after some
time.
At the time of publication, BTC
was down 0.6% over the previous 24 hours, trading at $20,632.75.
