Looking For The Ultimate Crypto Christmas Treat? Here’s A Look At Our Best Picks
BTC - The OG crypto that’s hard to knock down
ETH - The crypto giving Bitcoin a run for its money
DOGE - The meme token still going strong
SOL - A top contender against the Ethereum blockchain
SHIB - An underdog token with great utility
A Better Look At The 5 Most Traded Cryptos In November To Buy For Christmas
Bitcoin
Bitcoin is currently the largest crypto by market cap. Admittedly it’s a risky investment, but that’s pretty much the nature of all crypto coins. That said, eye-popping returns make bitcoin attractive, and the coin remains traded in large volume even today. This doesn’t mean the coin hasn’t seen any bad days.
However, bitcoin has definitely seen new highs as well. Historically speaking, it has offered a high potential for good returns on numerous occasions. And being a decentralized coin, many choose to store or trade Bitcoin within centralized platforms.
Bitcoin is one of the best virtual currencies capable of acting as money or a payment method free from external control, therefore removing third-party involvement during financial transactions. The coin is also rewarded to blockchain miners for various activities such as verifying transactions and more.
Additionally, the availability of bitcoin on several exchanges makes trading and storing even more accessible, especially for beginners. Moreover, several other factors, such as increasing demand for bitcoin ETFs, acceptance by businesses, and more, have supported higher bitcoin prices. This makes bitcoin an excellent Christmas investment for the year-end.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Ethereum
ETH is the native token of Ethereum, a blockchain network and currently the second-largest crypto by market cap. Although different blockchain networks can be found today, Ethereum is widely considered one of the most well-established and advanced options today.
It doesn’t just allow easy crypto payments, but it also serves as the ideal platform for developing distributed applications and smart contracts. In fact, it is currently a leading name in developing smart contracts, thus, making it a top pick for blockchain networks for leading NFTs and DeFi tokens in the crypto scene.
It’s capacity to act as a platform that enables other services and technologies is one solid reading why many investors are positively indulging in its future. Unlike Bitcoin, Ethereum plays a critical role in NFTs, creating other cryptos, decentralized finance, and applications.
It is currently among the top-traded cryptos in November, mainly due to its massive upside potential. As of now, it is one of the largest smart contract platforms and is home to a massive selection of dApps, Web3 projects, DeFi, and the metaverse. Many specialists predict that the coin may hit the 6k mark by the end of next year, making it a must-watch crypto for this year's Christmas investment.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Dogecoin
As many investors are already aware, one crucial reason why Dogecoin catapulted to fame last year was the involvement of Elon Musk, CEO of Tesla. Musk evidently tweeted about their meme tokens numerous times, and with each mention, the value of DOGE kept increasing.
Dogecoin undeniably began as a meme token with little stake in the actual crypto scene. However, much has changed since its initial launch. By November 2022, the market cap of DOGE increased by over 140%. And as per the analysis of crypto price trends, it is now among the most traded November cryptos.
Although it may remain close to certain risks, market volatility is constantly present in all cryptos. Nevertheless, so far, the coin is seeing great trading value with steady gains. This makes DOGE worthy as one of the top 5 most traded cryptos in November to buy for your Christmas investments.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Solana
Created in 2017, Solana is the brainchild of tech duo Greg Fitzgerald and Anatoly Yakovenko. It’s a blockchain network that first entered the trading scene with the coin Solana, trading under the token symbol SOL. It initially debuted in April 2020 at $0.79 per coin. Fast forward, and the coin saw a fast climb with a record high of around $260 in 2021 before eventually declining to around $18.
Despite its ups and downs, Solana has quickly become one of the fastest-growing platforms for smart contracts in November 2022. Developed to replace and dethrone Ethereum in the smart contract scene, Solana is rapidly onboarding every technology found on Ethereum.
From NFTs and DeFi rod Apps to play-to-earn games, the metaverse, and more. These are some smart adoptions that have helped the SOL tokens to sustain within the highly volatile crypto market. This is proof enough that Solana will make one of the most worthy Christmas investments in 2022.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Shiba Inu
Shiba Inu entered the crypto market as an ERC-20 token in August 2020. Although it was only developed to meet Dogecoin's growing popularity and success, it quickly became a top-performing crypto with an acceleration of over 40,000,000% by 2021.
As of now, Shiba Inu has a greater utility value than Dogecoin. Plus, with the new Shibarium layer-2 solution, the transaction costs of Solana are decreasing, meaning there’s a higher potential for currency adoption. Moreover, with the new launch of the Shiba Inu metaverse, many people will likely be attracted to the platform as NFT gaming garners more traction.
Shiba Inu is quickly becoming a well-traded crypto and continues to make headlines across the crypto market. So far, the coin has shown great potential in this challenging market, and its trading value has also increased quite well. This makes Shiba Inu one of the top 5 most traded cryptos in November to buy for your Christmas investments.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
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