Although Uptober is over, it does not mean that the current bullish ride will not be extended beyond historically the most successful time of the year for crypto. Meet the new contender, NoLowVember, where the charts are always green, and the kudos are cheering in joy over their favourite cryptos reaching hitherto heights.
Jokes aside, though, there is a growing sentiment among the investors that the market is ready to get back in the saddle and finish the year on top. However, which cryptocurrencies should you go for and which should you avoid? Join me in today’s editorial, where we will find the answer to this lingering question.
Ethereum (ETH)
Ethereum should probably be your number-one choice if you don’t know anything about crypto. It is the second-largest cryptocurrency by market capitalisation, enabling developers to harness crypto’s power to the fullest potential. Ethereum is home to the biggest number of DApps (decentralised applications) due to its limitless smart contract abilities. Further, the top 50 NFT collections by trading volume are built on the Ethereum blockchain, so if you enjoy everyone’s favourite JPEGs, don’t think twice. The current price looks like a steal, considering its ATH was just above $4500.
Big Eyes Coin (BIG)
Last but not least on our list is the upcoming meme coin project, Big Eyes Coin. Despite being the new kid on the crypto block, this project resonated with many people as, at the time of writing, it amassed more than $9.45 million in its presale game.
However, this is not the only ace up this project’s sleeve, as it carefully balances two of the most lucrative niches in crypto: DeFi and NFTs. Big Eyes Coin allows holders of the platform’s native token, BIG, to earn passive income by flipping Big Eyes Coin NFTs.
To ensure this, the team behind the project introduced a special NFT tax, where an original owner would get 5% distributed directly to their wallet from each subsequent sale. If you feel like this project is for you, feel free to use this promo code BEYES7294 to win free tokens when purchasing BIG. Happy trading!
Solana (SOL)
Deemed the Ethereum killer, the Solana blockchain rightfully enjoys its place among the crypto elite. Unlike Ethereum, Solana is a much faster blockchain that also offers a more competitive price for transaction processing. It only lacks decentralisation as it only takes 20 validators to restart the network, making it potentially more susceptible to an external attack. However, it compensates with a much greener carbon footprint, which makes it a go-to choice for many blockchain games in the industry. Solana should be on your radar if you are a gaming buff and believe in GameFi.
Dogecoin (DOGE)
The price of DOGE has spiked recently amid Elon Musk’s purchase of Twitter. The land of the DOGE enjoyed almost eight days of growth in a row and right now is looking to maintain its current position. But there is growing humour that the wealthiest man on the plan plans to introduce DOGE as a payment method for Twitter. If this happens, the price of DOGE will skyrocket into the stratosphere. DOGE to the moon!
Litecoin (LTC)
A younger brother of Bitcoin, the Litecoin blockchain offers a faster alternative while retaining all the good stuff from Bitcoin. The Proof-of-Work powers Litecoin, but it requires validators to solve mathematical equations that are less complex than in the case of its big brother. In the past seven days, the price of LTC increased dramatically, so if the prophecy about NoLowVember is fulfilled, there is a good chance it will continue its current upward trajectory.
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