Three Altcoins not to be missed in November

Three Altcoins not to be missed in November
Three Altcoins not to be missed in November

If you’re looking to build a diversified cryptocurrency wallet, it’s worth adding these three altcoins to your checklist this month.

October was another record month for cryptocurrencies; the Bitcoin price (BTC) broke its previous all-time highs and the global cryptocurrency market broke the $ 2.6 trillion mark for the first time.

Predictably, this price hike has fueled expert commentary on both sides of the debate. Some warn that highs are symptoms of a bubble destined to burst, while others predict that Bitcoin and the cryptocurrency market will rise again. It is always good to be cautious after a sharp rise in prices, as given the volatility in the cryptocurrency market, there is a strong possibility that prices will fall again.

Long-term investors may find it easier to keep their eyes on the horizon and ignore the short-term market sentiment. But it’s still a good idea to keep an eye on general trends, especially as they can guide our decisions on which Altcoins to keep track of or add to your cryptocurrency portfolio.

These are the three Altcoins not to lose sight of this month:

Polkadot (DOT)

Polkadot is one of the many alternatives to Ethereum (ETH), with smart contract features that process transactions quickly and economically. Where Polkadot stands out is its interoperability – the ability to communicate with other blockchains – which will be crucial to the success of the cryptocurrency industry as a whole.

Polkadot is a particularly noteworthy cryptocurrency in November because will begin the first parachain auctions on November 11th. What are parachain rods? Parachains are unique layer-1 blockchain platforms that they operate in parallel with the main Polkadot network, as well as being connected to the Polkadot Relay Chain. Their functionality can be applied to a multitude of industries, from decentralized finance to smart contracts.

There is only room for a limited number of parachains, so projects must bid to rent the space on the network. Hence the auctions.

If you want to dig even deeper, check out some of the projects that bid for the parachain space. It may be more complicated to invest, but understanding them is a great way to learn more about cryptocurrency development.

Polkadot is available from the following cryptocurrency exchanges such as Coinbase, Binance, Kraken and Broker as eToro.

Build your ideal crypto wallet starting with just € 50

Stellar Lumens (XLM)

I am often hesitant about cryptocurrencies designed only as a form of payment. One concern is that it is a crowded space, complicated by stablecoins and central bank digital currencies (CBDCs). However, Stellar Lumens isn’t just a digital payment, it has its sights set on the multi-billion dollar remittance and money transfer market.

If Stellar wasn’t already on your radar, November is a good time to add it to your checklist, especially as it recently announced a partnership with one of the largest money transfer companies in the world, MoneyGram.

Stellar wants to make it easier for you to send money, be it dollars, euros or Bitcoin, all over the world. It uses blockchain technology and the token XLM to make trading and money transfer more efficient.

Stellar has a lot in common with Ripple (XRP), another digital payment currency. This is not surprising since one of its founders, Jed McCaleb, was also a co-founder of Ripple. However, while Ripple focuses on the global banking sector, Stellar is more oriented towards individuals. More importantly, while Ripple has an ongoing lawsuit with the SEC looming over it, Stellar Lumens does not.

However, keep in mind that regulation could still impact Stellar as authorities seek to introduce more controls on banking-like services, which could include Stellar Lumens.

Stellar cryptocurrency is available from the following cryptocurrency exchanges such as Coinbase, Binance, Kraken and Broker as eToro.

Stellar Live Chart (XLM)

Trade Cryptocurrencies with a Regulated Broker

Sandbox (SAND)

From Decentraland (MANA) to Sandbox, virtual worlds have received a lot of attention recently. In fact, Facebook plans to spend $ 10 billion this year on its metaverse division, and Mark Zuckerberg sees virtual reality as a key theme for the future.

Sandbox cryptocurrency is an ideal form of payment in these virtual worlds, though it’s unclear whether a virtual world will eventually come out on top. It’s worth investigating the scenery carefully and even visiting these metaverses before parting with your money.

Sandbox players can purchase and build digital real estate, as well as create their own games and NFTs. It’s an Ethereum-based game that, like the hugely successful Axie Infinity (AXS), runs on a play-to-earn model.

Sandbox is available from the following cryptocurrency exchanges Gemini, Kraken.

Read also: The Penny Cryptocurrencies that can rise 100 times their price in the next 5 years

Be cautious and do a careful research on cryptocurrencies

Each month, we try to highlight interesting cryptocurrencies to invest in. But you also need to do your research – see how each cryptocurrency fits into your overall portfolio, if you are comfortable with the project leadership and their long-term vision, and if you feel that the cryptocurrency will find enough use with a broad base. of users.

Usually in these selections there are only coins that you can buy from the major cryptocurrency exchanges. There are many opportunities with other coins, but Buying from less reputable exchanges carries additional risks. Since there are a lot of exciting cryptocurrencies that are readily available (see also: November could be a golden month for cryptocurrencies), it makes no sense to tell you about the ones that are more difficult to obtain.

November promises to be another exciting month for cryptocurrencies. Don’t miss our news, subscribe for free on our social channels Facebook, Twitter or exclusive Telegram channel of Where to Invest.

How to invest in cryptocurrency CFDs

Per invest in cryptocurrencies (Bitcoin, Ethereum, Cardano, Solana, Dogecoin, Litecoin, etc …) there are more possibilities, but certainly the simplest one is through the cryptocurrency CFD trading.

Among the advantages of trading cryptocurrencies through CFDs is being able to trade 24 hours a day, even on weekends. Also with CFDs it is possible to ‘bet’ both upside and downside, thus having the possibility of gaining (or losing) both during the bullish and bearish phases.

Furthermore, CFDs on cryptocurrencies can count on leverage of 1: 2 for retail investors. This means that by investing € 1,000, the position on the market will be double, € 2,000. Financial leverage has the advantage of doubling your profits but exposes you to greater risk if prices go in the opposite direction to that chosen.

Where to invest in cryptocurrencies with CFDs

Investing in cryptocurrencies is one of the favorite activities of many people who wish to ride the enthusiastic rally of digital currencies. Thanks to CFDs, anyone can easily access the financial markets and buy cryptocurrencies (or other types of assets such as stocks, currencies, commodities, etc …), even with a small starting capital.

If you want to start investing in cryptocurrencies we recommend that you do it with a demo account, which many brokers offer for free, such as eToro (see here eToro review).

eToro offers investors, from beginners to experts, a complete cryptocurrency trading experience, on a powerful yet easy to use platform.

With eToro you can build your ideal crypto wallet, trade a wide range of excellent cryptocurrencies and cryptocurrency crosses, and follow the progress of each coin with advanced charts and analysis tools.

Don’t trade crypto alone. eToro is more than just a place to trade. Use the award-winning features of social trading to connect with over 20 million users around the world and find the best cryptocurrency traders to copy with CopyTrader ™.

By registering on the eToro website you can try the best trading platforms for free as well as being able to count on the lowest spreads in the industry and a full suite of powerful risk management tools. Included are a number of fundamental, technical and sentiment tools to help you make the best decisions.

To find out about eToro’s offer, visit the site https://www.etoro.com/it

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CFDs are complex instruments and come with a high risk of losing money quickly due to leverage. Between 62 and 89% of retail investor accounts lose money when trading CFDs. When trading CFDs, you should consider your understanding of how CFDs work and take into account the high risk of losing your money. Please read our Risk Disclosure Statement in its entirety.
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