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October was a strong month for Bitcoin and other altcoins as their prices rebounded. Ethereum, the biggest altcoin, rose from about $1,200 and reached a high of $1,600 in October. This recovery was helped by the rising hopes that the Federal Reserve will start pivoting. It is still unclear whether cryptocurrencies will continue rising in November. Here are the best altcoins to watch in November.
Theta Network and TFuel
Theta is one of the biggest blockchains in the world. It is a platform that seeks to change how video, media, and entertainment companies deal with videos on the platform. Instead of relying on centralized data storage platforms, Theta relies on a decentralized network of data storage features that are provided by node operators from around the world.
Theta Network is its native coin, which us used for governance and for payment purposes. On the other hand, Theta Fuel (TFUEL) is a gas for Theta’s network. It is used to pay for payments in the ecosystem.
Theta Network and TFUEL coins will be in the spotlight in November because of the upcoming hard fork that will introduce the Metachain. Metachain is an interconnected network of blockchains that will allow permissionless horizontal scaling of the Theta blockchain network.
It will be better than the current one by ensuring that it can handle unlimited transactional throughput. Therefore, there is a likelihood that Theta Network price will do well ahead and after the fork.
How to buy Theta Network
eToro
eToro is a global social investment brokerage company which offers over 75 cryptocurrencies to invest in.
It offers crypto trading commission-free and users on the platform have the option to manually invest or socially invest.
eToro even has a unique CopyTrader system which allows users to automatically copy the trades of popular investors.
Buy THETA with eToro today
Disclaimer
OKX
OKX is a top cryptocurrency exchange which offers over 140 cryptocurrencies to invest in.
OKX takes customer security very seriously, they store almost all of their clients' funds in cold storage, and the exchange is yet to be hacked.
On top of this, the exchange offers very low fees and customers can even use their crypto as collateral for loans on the platform.
Buy THETA with OKX today
Disclaimer
Ethereum (ETH)
Ethereum is the biggest altcoin in the world. It is a blockchain project that is used to develop other decentralized ecosystems in industries like Decentralized Finance (DeFi), metaverse, and Non-Fungible Tokens (NFT).
Ethereum price staged a strong recovery in October as investors bought the coin’s dip. It also rose as developers continued building on the network. A key part was the launch of Shandong’s testnet, which is part of the Shanghai upgrade.
Ethereum price will be in the spotlight because of this testnet and the performance of its ecosystem. Investors are also watching the activity following the recent merge.
How to buy Ethereum
eToro
eToro is a global social investment brokerage company which offers over 75 cryptocurrencies to invest in.
It offers crypto trading commission-free and users on the platform have the option to manually invest or socially invest.
eToro even has a unique CopyTrader system which allows users to automatically copy the trades of popular investors.
Buy ETH with eToro today
Disclaimer
OKX
OKX is a top cryptocurrency exchange which offers over 140 cryptocurrencies to invest in.
OKX takes customer security very seriously, they store almost all of their clients' funds in cold storage, and the exchange is yet to be hacked.
On top of this, the exchange offers very low fees and customers can even use their crypto as collateral for loans on the platform.
Buy ETH with OKX today
Disclaimer
Cosmos (ATOM)
Cosmos is another leading altcoin that is seeing significant growth. It houses many platforms in its ecosystem like Cronos, Osmosis, and ThorChain.
The main catalyst for the ATOM price will be the upcoming launch of Cosmos V2. This version will introduce several features in the network, including liquid staking and instant allocator.
The network will create a treasury that will be tasked with using the funds to bring more revenue to Cosmos. Therefore, there is a likelihood that Cosmos ATOM will see more activity ahead of the launch.
How to buy Cosmos
eToro
eToro is a global social investment brokerage company which offers over 75 cryptocurrencies to invest in.
It offers crypto trading commission-free and users on the platform have the option to manually invest or socially invest.
eToro even has a unique CopyTrader system which allows users to automatically copy the trades of popular investors.
Buy ATOM with eToro today
Disclaimer
OKX
OKX is a top cryptocurrency exchange which offers over 140 cryptocurrencies to invest in.
OKX takes customer security very seriously, they store almost all of their clients' funds in cold storage, and the exchange is yet to be hacked.
On top of this, the exchange offers very low fees and customers can even use their crypto as collateral for loans on the platform.
Buy ATOM with OKX today
Disclaimer
The post Top altcoins to watch in November appeared first on CoinJournal.
Disclaimer
The views and opinions expressed in this article are solely those of the authors and do not reflect the views of Bitcoin Insider. Every investment and trading move involves risk - this is especially true for cryptocurrencies given their volatility. We strongly advise our readers to conduct their own research when making a decision.