Cryptocurrencies have been in the mainstream for a while now. Hundreds of cryptocurrencies have come and gone in this decade with several investors losing money. One of the most important factors for a cryptocurrency is market cap – which is calculated by multiplying the total supply of coins by the price per coin and dividing it by a thousand. This can be very difficult to track because there are so many factors that can affect prices, including where you are trading them, how you are trading them (through cash or futures), and how volatile they tend to be.
Some of these best cryptocurrencies of November 2022 were selected after looking at their performance over a few years, their growth in 2022, and the markets they cater to. You can also check out Vector Vest for more information.
Best Cryptocurrencies of November 2022
1. Bitcoin (BTC)
Bitcoin, the original and still most popular cryptocurrency is still in the spotlight despite its price fluctuation. Bitcoin has still retained its position as the largest cryptocurrency by market capitalization, and its price is now circling around the $20,000 mark. Investors are bullish on Bitcoin due to its increasing mainstream adoption, institutional investment, and overall positive momentum. Analysts believe that Bitcoin still has a lot of upside potential, and we could see the price continue to rise in the months ahead.
2. Ethereum (ETH)
As of November 2022, Ethereum is the second-largest cryptocurrency by market capitalization, behind only Bitcoin. Ethereum is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of fraud or third-party interference. Ethereum is used to build decentralized applications (DApps) on its blockchain. Like other crypto assets, Ethereum has also experienced tremendous growth. From April 2016 to November 2022, its price went from about £8 to over £1,369.
3. Tether (USDT)
Tether is highly favored by investors because it is a stablecoin, unlike other cryptocurrencies that fluctuate in value. It’s backed by fiat currencies like US dollars, British pounds, and euros which makes Tether’s value more reliable than other cryptocurrencies. It is one of the best cryptocurrencies of November 2022.
4. Binance Coin (BNB)
BNB is the official trading coin on Binance, one of the biggest cryptocurrency trading centers in the world. The coin is globally recognized and can be used on several payment processors and exchanges, including paying for flight tickets and other bills online. As of writing, the price of BNB is currently revolving around $290-$300.
5. Cardano (ADA)
Wrapping up our list of top cryptocurrencies in 2022 is Cardano. It is a blockchain technology looking to increase security and sustainability. With a goal of creating a decentralized and self-sustaining system, the crypto’s devoted team envisions transforming Cardano into an architecture that genuinely cares about people’s wealth.
