Top 7 Best Cryptocurrencies To Invest In November 2021 (In-Depth Review)

Want to skip the read and get right to our top picks? The best cryptocurrencies to invest in for November 2021 are Uniswap, Compound and Ripple.

Cryptocurrency investing — even very small amounts — can reap big rewards if you get in at the right time and make the right choice, but that’s not to say there are no risks involved (if anything, the risks are bigger).

This requires crypto traders to think more about the options available to them before making a choice. To look at the ins and outs and become an expert on different cryptos.

But let’s face it, that’s pretty time-consuming!

So, what is the top cryptocurrency to invest in for November 2021? We’ve compiled a list of seven options for you to consider and will take a deep dive into why each coin is special this month. 

Without further ado, let’s get stuck in!

The Top 7 Best Cryptocurrencies to Invest in November 2021:

1. Uniswap (UNI)
2. Compound (COMP)
3. Polygon (MATIC)
4. Ripple XRP (XRP)
5. Ethereum (ETH)
6. Cardano (ADA)
7. Bitcoin (BTC)

If you want to buy some of the top cryptocurrencies quickly and easily check out eToro Exchange!

So, have you decided to invest in cryptocurrencies but don’t know which is the best one to choose? Fear not! We will take you through a list of the best cryptocurrencies to look at this month.

List of The Top Cryptocurrencies To Consider In November 2021

Towards the end of 2020 last year, crypto investing went berserk. The economy wasn’t as damaged as we all expected it to be, despite the ongoing pandemic and institutional money was seeping into Bitcoin and other crypto-assets.

Speculators and part-time investors looking for alternative ways to store wealth and turn a profit-led more people to look for the best cryptocurrencies to invest in.

But where do you start?

After all, entering the crypto space is an overwhelming experience for first-timers. And even seasoned investors can struggle to keep with these rapidly evolving technologies and applications.

Too much choice can result in cognitive overload, otherwise referred to as ‘overchoice’ — it prevents us from making decisions.

But there are many reasons to invest in cryptos in November 2021, as we’ll see below. And cryptocurrency investing is a great way to diversify your portfolio, reduce risks (especially during the pandemic), and work as a store of wealth.

When it comes to investing, knowledge really is power, as cliché as it sounds. Knowledge is the thing that can keep you ahead of the curve, giving you a chance to spot the next trends before they even happen.

Looking for the best cryptocurrency to invest in for November 2021? Or maybe even the next crypto to explode? Well, here are the 7 best choices this month!

1. Uniswap (UNI) — Optimism taking this DEX to $54?

• All-time high: $44.97 (3rd May 2021)
• All-time low: $0.419 (17th September 2020)

Uniswap is a DeFi king — it is a decentralised exchange (DEX) on top of Ethereum that links buyers and sellers directly to each other for a variety of digital assets.

Pros: Why Investing In Uniswap Could Be A Good Idea

One of the best reasons to invest in a crypto is when it’s making improvements that will likely impact its usability and speed up adoption. 

Uniswap’s latest big change comes in the form of launching Optimism, which has been in development for two years. Some of the benefits include being able to pay gas fees in any token, scaling, and near-instant and cheap transactions.

For now, Optimism is in Alpha, which means they are still testing it and it will still be a while before it is rolled out to everyone else. Eventually, it will be implemented to Uniswap making now a great time to invest.

Cons: Why Investing In Uniswap Could Be Risky

Not all is perfect in Uniswap land. There have been a series of controversies over Uniswap’s governance because of how voting works.

In short, the more UNI tokens you own, the more voting power you have. And what makes this worse, is users can delegate their voting power to others as well.

Most recently, debates about Uniswap’s governance came up when Flipside Crypto, a crypto analytics firm, requested $25 million from Uniswap’s grants, as reported by Nathan van der Heyden of Crypto Briefing.

Until attention was drawn to the matter, it looked as if the firm would get the funding without any real competition. It highlighted the amount of power few at the top had at Uniswap.

Is Investing In Uniswap A Good Idea?

DEX’s are expected to overtake traditional crypto exchanges in the future. Investing in UNI now could be like being an early investor in Binance several years ago.

Uniswap Price Prediction Forecasters 2021:

Read our article on Uniswap here.

Have you consider investing in Uniswap (UNI) in November?

2. Compound (COMP) — Could we reach $500 withinstitutional money?

• All-time high: $911.20 (12th May 2021)
• All-time low: $61.25 (18th June 2020)

Compound is one of the top crypto-lending platforms today, booming in the emerging DeFi market.

Pros: Why Investing In Compound Could Be A Good Idea?

Compound has been busy levelling up in the crypto-lending industry launching their new ‘Compound Treasury’, a service strictly for financial institutions where they can earn 4% fixed interest per year by investing US dollars.

This will provide a massive amount of liquidity to Compound and fuel its crypto-lending services. And with the interest in DeFi exploding in 2021, the Compound Treasury looks like a top investment for institutions.

With all this extra liquidity at their disposal, Compound could essentially become the bank of the crypto world.

Cons: Why Investing In Compound Could Be Risky

Aave (AAVE) by far is Compound’s biggest issue. Aave is one of the most popular lending platforms in the market but the two differ in the products they offer crypto holders and how they function.

While Compound might be leading the way by getting institutional money into crypto-lending and DeFi, but it doesn’t mean that it will be the last and most successful.

Furthermore, we also need to consider potential DeFi regulations that could be put into place in the next few years.

Is Investing In Compound A Good Idea?

Crypto-lending and DeFi are showing very strong growth at the moment and the prospect of bringing big institutional investors into the fold could be another game-changer.

Compound Price Prediction Forecasters 2021:

Read our article on Compound here.

Is Compound (COMP) the best investment for the future?

3. Polygon (MATIC) – Acquisition of Hermez to launch MATIC past $3?

• All-time high: $2.68 (18th May 2021)
• All-time low: $0.003012 (9th May 2019)

Polygon is a layer 2 blockchain built on top of the Ethereum network. With approximately 350 projects, it creates blockchain interoperability solutions.

Pros: Why Investing In Polygon Could Be A Good Idea

In an industry first, Polygon recently acquired the Hermez Network (HEZ) — that’s right, a crypto bought out another crypto — and the two will merge to utilise the best of both blockchains.

This is huge news because Hermez uses ‘Zero-Knowledge rollups’, which essentially bundle up vast amounts of transactions off the blockchain. What this then does is make Polygon transaction times immensely faster.

Polygon’s acquisition of Hermez was valued at $250 million, which is part of the $1 billion they have allocated for zero-knowledge technology, so we could see more acquisitions or investments in new tech in the future.

Cons: Why Investing In Polygon Could Be Risky

Polygon is too tied to Ethereum which means if an issue affects Ethereum, it will affect Polygon.

But more concerningly, Polygon may lose its purpose to exist if Ethereum can come up with better scaling solutions without them. (There are several other cryptos with the same idea, including Polkadot (DOT).

And then there’s the question of Ethereum 2.0. — how will Polygon stay relevant after this big change? Whatever happens in the next few years, it looks like Polygon is going to have to reinvent itself.

Is Investing In Polygon A Good Idea?

Polygon has performed beautifully in the last few years, clearly establishing its worth in the crypto market.

Polygon Price Prediction Forecasters 2021:

Read our article on Polygon here.

Is Polygon (MATIC) the kingmaker you’re looking for?

4. Ripple XRP (XRP) — Moving past the SEC fiasco to $2?

• All-time high: $3.84 (4th January 2018)
• All-time low: $0.002802 (7th July 2014)

Ripple is a global remittance platform that mostly works with large financial institutions, to help them work together more efficiently without the need for banks.

Pros: Why Investing In Ripple XRP Could Be A Good Idea

In 2021, Ripple moved into helping central banks create private ledgers based on Ripple’s ledger, as reported by Coindesk’s Jamie Crawley. These private ledgers will then be used for CBDCs (Central Bank Digital Currencies).

It is also important to remember that Ripple, for a very long period, held the position of third-largest cryptocurrency by market capitalisation. 

And so, with that history, it might be very possible for it to return to these heights. People have seen what Ripple can do.

But the biggest reason why XRP should be on your list is that many believe that Ripple will win their court case with the SEC, which would be great for its price.

It is starting to look like the SEC doesn’t fully understand how XRP works and it has already been classified as a ‘virtual currency’ by FinCen in a previous case, not a security.

Cons: Why Investing In Ripple XRP Could Be Risky

The primary concern with Ripple right now is the SEC (Securities and Exchange Commission) in the US.

Before all this drama, it was believed that Ripple had a good relationship with the SEC.

It started to look like Ripple was failing at one of the most important things it was supposed to be good at — working with US government agencies.

Aside from all this drama, some hardcore crypto enthusiasts would argue that as a centralised crypto, it’s too risky to invest in.

Is Investing In Ripple XRP A Good Idea?

Though Ripple slid a few places down in terms of market capitalisation, it is now trading at a higher value than it has for most of its existence.

Ripple (XRP) Price Prediction Forecasters 2021:

Note that some predictions, maybe too focused on the situation with the SEC, and if Ripple moves past this ordeal, it may very well be the next cryptocurrency to explode in 2021.

Read our article on Ripple XRP here.

Do you see the value in investing in Ripple XRP (XRP)?

5. Ethereum (ETH) — A trader’s second choice and a pioneer in technological advancement

• All-time high: $4,362.35 (12th May 2021)
• All-time low: $0.4209 (21st October 2015)

Ethereum is a global decentralised platform launched in 2015 and led by co-founder Vitalik Buterin. It is hugely popular and is the second-largest cryptocurrency by market cap for almost as long as it has existed.

Pros: Why Investing In Ethereum Could Be A Good Idea

Many see Ethereum as the second-most important development in cryptocurrency after Bitcoin and to go into all the reasons why Ethereum is so great will take far too long.

Amid the pros of investing in Ethereum, one of the most anticipated events among crypto investors is the launch of Ethereum 2.0 that will shift from proof-of-work to proof-of-take (which is more efficient).

That’s not everything! Behemoths like JPMorgan, Amazon, and Microsoft Azure have also embraced Ethereum’s blockchain technology to stay ahead of other financial giants, piquing investors’ attention worldwide.

Cons: Why Investing In Ethereum Could Be Risky

Ethereum has a tonne of rivals who claim they can do what Ethereum is doing but better. Cardano, which is also on our list, is one of these rivals.

While Ethereum is the torchbearer when it comes to leading the way with blockchain technology, if rivals outmanoeuvre Ethereum, it could be quite troubling.

Another reason why Ethereum could be risky is that there is an unlimited number of coins. This means that Ethereum lacks the scarcity aspect many other cryptos have.

Is Investing In Ethereum A Good Idea?

Ethereum is still a long way off Bitcoin in terms of value, but despite this, analysts are very optimistic about Ethereum’s future, predicting steady growth over the next few years.

As said above, Ethereum is usually the second favourite choice after Bitcoin and it’s hard not to see why.

Ethereum Price Prediction Forecasters 2021:

Read our article on Ethereum here.

Ready to dive into Ethereum (ETH)?

6. Cardano (ADA) — Smart contracts by November could mean $9

• All-time high: $3.10 (2nd September 2021)
• All-time low: $0.01735 (1st October 2017)

Cardano is defined as a third-generation cryptocurrency that aims to improve the scaling issues of Bitcoin and the smart contract deployment principles of Ethereum.

Pros: Why Investing In Cardano Could Be A Good Idea

Since Cardano’s arrival, many have feared that it is all bark and no bite. Why? Because Cardano still does not have smart contracts, which are key to much of the functionality it claims to offer.

But 2021 could finally be the year we’ve been waiting for as traders have been buying up ADA in anticipation. Aside from smart contracts, Cardano also launched other features such as token creation.

On top of that, Cardano had some of its best performance ever in 2021, gaining over 720% at the start of the year and at one point momentarily took the third spot of the largest cryptocurrency by market cap.

Cons: Why Investing In Cardano Could Be Risky

Smart contracts could either make or break Cardano in 2021. There are at least two ways they could ruin the price of ADA — 1) they don’t work at all, 2) they are delayed again.

It could always be possible that Cardano really is all bark and it never worked anywhere near as well as claimed. It is simply one of those things we have to see to believe as many other cryptos make similar statements of what they are theoretically capable of doing.

Until we get smart contracts, we will not know.

Is Cardano A Good Investment?

In November 2021, Cardano definitely looks like it could be a great investment. But it is hard to say if the good times will last for the rest of the year.

Cardano Price Prediction Forecasters 2021:

Read our article on Cardano here.

Would you consider investing in Cardano (ADA) in November?

7. Bitcoin (BTC) — The original cryptocurrency is still the most valuable and trusted

• All-time high: $66,930 (20th October 2021)
• All-time low: $65.53 (5th January 2013)

As the granddaddy of cryptocurrency, Bitcoin was the first crypto to record financial transactions on a decentralised blockchain. 

Though Bitcoin was launched more than a decade ago in 2009, Bitcoin is still the number one choice for existing and new investors, with a market cap of slightly over $815 billion.

The main purpose of Bitcoin was to revolutionise traditional financial systems and eliminate the need for government-issued currencies by enabling innovative technology and secure payment architecture. 

Interestingly, in the early days, many people started buying Bitcoins because of its promising future. As Bitcoin expert Andrew Badr said: “The best part of owning bitcoin is the feeling of participating in the future”.

Pros: Why Invest In Bitcoin?

Though Bitcoin has had numerous ups and downs in the past three years — it skyrocketed up to $30,000 in December 2020, months later, it went slightly above $64,000 in April 2021 and in October hit $66,930.

Since then, Bitcoin prices have become fairly stable, making it one of the safest options for anyone entering the crypto space for the first time.

But what got us to $64k was when Tesla invested $1.5 billion in Bitcoin and started to accept the crypto as payment for its products in February 2021. The price of Bitcoin hit a new record of $56,000 per coin after the news broke and it just kept climbing.

But there is also potentially a much bigger reason Bitcoin’s price might launch upwards this year — and it’s to do with money printing.

According to Nickie Louise of Tech Startups, as of May 2021, 40% of all US dollars were printed in 12 months.

With so many more dollars out there, the purchasing power will massively decline and could even lead to a crash. It has meant that many investors have put their money into assets like Bitcoin, which holds its value better.

Cons: Why Bitcoin Could Be A Bad Investment

As much as we love Bitcoin, it would be irresponsible to pretend that it is a perfect investment (if such a thing exists).

Though people talk about it less these days, it should be remembered that there are plenty of other coins out there that are supposedly more technically sound.

Litecoin (LTC), for example, is heralded as four times faster than Bitcoin and potentially a better coin for making transactions. But that’s just the beginning.

And then there is this notion from many politicians and central banks that Bitcoin’s sole purpose is to conduct illegal activity. While this myth has been debunked hundreds of times, it still persists.

In actuality, using Bitcoin for illegal purposes would be a pretty bad idea for criminals as you can trace transactions via the distributed ledger. 

Cash, on the other hand, is much harder to trace. Despite this, the misconception continues.

But this is all nothing compared to BTC’s biggest problem — energy consumption.

Digiconomist is a platform that monitors Bitcoin’s energy consumption and impact on the environment.

According to them, at the time of writing, Bitcoin consumes the same amount of energy as Malaysia (154.32 TWh, 31.95 million people) and has a carbon footprint comparable to Turkmenistan (73.30 metric tonnes of carbon dioxide).

In a world more focused on our environmental impact, it suggests that BTC is not the right way forward, and it opens the doors to cleaner, more efficient cryptos.

Should I Invest In Bitcoin?

For the time being, Bitcoin is trading at around $48k after briefly slumping below $30k a few months ago, suggesting that it may make another run to its all-time high before the end of 2021.

Bitcoin Price Prediction Forecasters 2021:

Many predictions expect Bitcoin will reach much higher levels, such as one made by Anthony Pompliano who believes Bitcoin could reach $500,000 or even $1 million per coin by the end of the decade.

Read our article on Bitcoin here.

Have you considered investing in Bitcoin (BTC)?

What’s The Top Cryptocurrency To Invest In November 2021?

This month we’re cautiously getting deeper into DeFi projects as it has become undeniable that they are part of a new wave of cryptos that will likely continue to boom very soon.

That’s why we’re keen on both Uniswap and Compound, both of which are providing services crypto users crave.

On top of this, the mother of crypto — no not Bitcoin! — Ethereum is the platform where some of the biggest DeFi projects exist, which could mean ETH gearing up for a rollercoaster ride upwards. (And that’s without noting its move to PoS.)

Similarly, we have potentially big changes heading to both Cardano and Ripple. The former finally, delivering its smart contracts and the latter may be out of legal hot water.

And lastly, we come to everyone’s favourite, Bitcoin. Despite BTC’s exceptional ascent to 64k in 2021, big financial institutions are not that deep yet!

It feels like every week there’s a new way to invest in BTC by some clever guys on Wall Street. And with those clever ideas, more of the wealthiest people in the world will dive into BTC and the price could reach astronomical levels.

If you are new to the cryptocurrency market, then these 7 cryptocurrencies are the best choices for you. These 7 will show potential growth and are also cheap.

In the end, your choices should depend on what kind of investor you’d like to be, your knowledge of each crypto and the size of your bankroll. 

Just remember, all investments include some risk. So, only invest what you can afford and do as much research as possible before making a final decision (don’t invest money you need to live!).

The Most Profitable Cryptocurrencies To Invest in November 2021:

Key Points

If you remember anything from the Top 7 Best Cryptocurrencies To Invest In November 2021 (In-Depth Review), make it these key points.

• Bitcoin still stands out as the best cryptocurrency to invest in for 2021. Many experts expect more activity from Bitcoin as the year progresses.
• Compound and Polygon stand out as the best alternatives to consider for November 2021. Both are part of the booming DeFi scene which is expected to grow this year.
• Ripple’s SEC case might be dying in court. If they win, it could be a huge boost to XRP’s price.
• Cardano is on a knife’s edge with smart contracts. If they deliver and they work, the price could skyrocket, if not, prices may plummet.

Why Should You Choose eToro To Invest In Cryptocurrencies?

Now you know the best cryptocurrencies to invest in for November 2021. 

If you’re feeling inspired to start investing in cryptocurrencies, or this article has provided some extra insight into your existing trading knowledge, you may be pleased to know that eToro gives you an opportunity to invest in different crypto assets and trade CFDs on up to 90+ cryptocurrency pairs. Crypto Investors can build a diversified portfolio with the most popular coins.

eToro – The Best Cryptocurrency Trading Platform

Sign up to eToro and start trading cryptos or copying top crypto investors at no extra charge. There are no management fees or other hidden costs involved.

Cryptocurrencies are highly volatile.

How To Trade Cryptocurrencies With eToro?

All you need to do is follow these three simple steps.

Step 1. Head over to eToro’s website, click Join Now and fill out the registration form. You’ll need proof of ID and address — this is to prevent fraud and comply with anti-money laundering laws.

Step 2. Make your first-time deposit. The minimum is $50 in several countries including the US and UK, in most other countries it’s $200. Note that in some countries the first-time deposit is much higher, so check before you sign up!

Step 3. On eToro’s platform, click on ‘Trade Markets’ → ‘Crypto’ → and click on the crypto you want to trade. Then choose your terms and you’re done!

And now you’re trading crypto!

FAQs

Still have questions on the best crypto aasets to invest in November 2021? Perhaps these frequently asked questions will help.

What Is The Best Cryptocurrency To Buy In November 2021?

Bitcoin is likely the best cryptocurrency to buy in November 2021 because of how successfully it has been adopted. 

Its popularity makes it safer to invest in because it is harder to hack, making it technically safer and less prone to big price swings.

Being decentralised across hundreds of thousands of users means hackers need a lot of computing power to hack Bitcoin’s blockchain.

And that same big group of people makes it less sensitive to big investors buying or selling.

Aside from security, investor interest is always higher in BTC than other cryptos because it is far better known — this feeds into its adoption, which is the most important factor of its success.

What Is The Next Cryptocurrency To Explode In November 2021?

Cardano has the biggest potential to explode in November 2021 because of its smart contract launch which should happen in November. While it might not reach the same levels as Ethereum, it will likely be a huge increase.

So far, ADA has been one of the crypto markets best performers in 2021, signifying huge interest in the crypto.

Will Bitcoin Go Up In 2021?

We may see another Bitcoin price increase in 2021, though what might cause it remains unclear at this point. Most likely, it will be related to institutional money buying up more BTC or positive news about adoption.

Why Did The Crypto Market Lose Value In 2021?

2021 started fantastically for the crypto market until Tesla dropped Bitcoin as a payment method, citing its environmental impact. Bitcoin lost approximately half of its value and much of the crypto market followed suit.

Why Is The Crypto Market Going Up In Value in 2021?

Whenever you want to know why the crypto market is going up in value, follow Bitcoin and you will always find out why it is either rising or falling.

Bitcoin was already on a bullish path in late 2020 with many speculating it was the result of increased investor interest. But in 2021, Elon Musk has been one of the most influential people in crypto.

But what made the crypto market go crazy in 2021 was when Tesla purchased $1.5 billion in BTC and planned to start accepting it as a payment method.

More recently, Bitcoin started to ascend upwards again to $45 when Amazon put out a job post for a ‘Digital Currency and Blockchain Product Lead’. Very quickly rumours started to spread that Amazon might start accepting Bitcoin (for the time being, it doesn’t look likely).

When Will Cardano Have Smart Contracts?

12th September should be when smart contracts are finally implemented on Cardano, arriving with the Alonzo upgrade, as reported by Emma Newbery of The Ascent.

Crypto projects will never set a solid deadline because it is very risky. If they fail to meet it, it could be catastrophic for the price of ADA. It is much wiser for them to set rough goals — e.g., a month or quarter.

This is a common practice in tech because new features take time to be built, tested, and routed out for bugs.

When Will Ethereum Move To Proof-Of-Stake?

There is no set date on when Ethereum will have completed its move to proof-of-stake, but some have pointed towards early 2022 as the best bet.

As a series of upgrades, it will not happen in one go. The process started in December 2020 and some mistakenly believed that was the end of it. Others have noted that it may take years for the process to be fully completed.

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