The October month was extremely beneficial for most of the top cryptocurrencies such as Bitcoin, Ethereum, and other altcoins. This post is all about the top 3 cryptocurrencies that are worth investing. Let’s take a look at it in more detail.
Top 3 Cryptocurrencies: Polkadot (DOT) +66%
DOT/USD Monthly chart – TradingView
According to its website, Polkadot is a bridge to join various blockchains. The project was launched in 2016 and the Web3 foundation runs the project. Due to its quality and the development exercise happening on it, Polkadot has become a generally recognized blockchain project. It’s a distributed protocol promoting interaction between various blockchains, enabling them to carry value across and to couple their security together. Polkadot makes blockchains act as if they are one network and hive-minded. Polkadot price in US Dollar has increased by almost 66% in the last 1 month. DOT is up almost +15% against Ethereum and +20% against Bitcoin in the last 1 month.
The project has been seen by experts as remarkably interesting for months. With its concept of “parachains”, Polkadot could expand into the “Internet of blockchains”. At the moment, Polkadot is governing auctions where different networks can get places on the Parachains. These auctions have been catching up momentum in the last few weeks. Yet, this was not displayed very heavily in the price of the DOT token from Polkadot in October. November could be the time for a breakthrough for Polkadot.
>> Click here to buy DOT <<
Top 3 Cryptocurrencies: Algorand (ALGO)
ALGO/USD Monthly chart – TradingView
According to its website, Algorand is a blockchain project. It is a proof of stake platform that promotes smart contracts. As a network, it is extremely similar to Ethereum but has a more accelerated transaction rate, more powerful security, and comprehensive decentralization.
Algorand recently launched the Algorand Virtual Machine (AVM). The network allows developers to develop smart contracts in Python or Reach. In other words, this indicates that Algorand can join the NFT market soon, which should give the price of the network another hike. Algorand price in US Dollar has increased by +10% in the last 1 month. ALGO is down -23% against Ethereum and down by -19% against Bitcoin in the last 1 month.
>> Click here to buy ALGO <<
Top 3 Cryptocurrencies: Stellar (XLM)
XLM/USD Monthly chart – TradingView
Stellar (XLM) is the cryptocurrency of the stellar network. It is an open-source code for currency exchange. Lumens are the central asset of the Stellar network. The central means Lumens are converged in the Stellar network. The mission of the Stellar network is to strengthen people, payment systems, and banks.
Stellar price in USD has increased by almost +33% in the last 1 month and it is decreased by almost -7% against Ethereum and -2.7% against Bitcoin in the last 1 month. In the past few days, Stellar has joined into a partnership with the payment service provider Moneygramm. Stellar also proclaimed a partnership with Flutterwave, a global payments firm. Despite this wonderful news, technical progress, and the thriving community, the XLM price has hardly advanced significantly in the last few months. Yet, in November XLM could be one promising investment.
>> Click here to buy XLM <<
