$BTC $ETH $BNB 10 Best Cryptocurrencies To Invest In November 2023
1. Binance Coin (BNB)
Market cap: $37.2 billion
BNB’s price in 2017 was just $0.10. By late November 2023, its price had risen to around $245, a gain of 244,931%.
XRP (XRP)
Market cap: $35.2 billion
At the beginning of 2017, the price of XRP was $0.006. As of Nov. 14, 2023, its price reached $0.66, equal to a rise of 10,826%.
2. Solana (SOL)
Market cap: $23.8 billion
When it launched in 2020, SOL’s price started at $0.77. By late November 2023, its price was around $56.40, a gain of 7,224%.
3. Cardano (ADA)
Market cap: $13.0 billion
Cardano’s ADA token has had relatively modest growth compared to other major crypto coins. In 2017, ADA’s price was $0.02. As of Nov. 14, 2023, its price was at $0.37. This is an increase of 1,738%.
4. Dogecoin (DOGE)
Market cap: $10.5 billion
Dogecoin’s price in 2017 was $0.0002. By November 2023, its price was at $0.07, up 37,036%.
5. TRON (TRX)
Market cap: $9.4 billion
Much like Solana, TRON is a blockchain designer
TRON was founded in 2017, and TRX was initially valued at $0.0019 per token. At its peak in 2018, TRX spiked as high as $0.2245, for a gain of 11,715% in a matter of months. TRX is currently valued around $0.11.
BlackRock Ether ETF Prospectus Gets Filed With SEC
The asset management giant last week registered the iShares Ethereum Trust, and via Nasdaq sought approval from the SEC for the new vehicle
BlackRock (BLK), the world’s largest asset manager, has filed an S-1 form with the U.S. Securities and Exchange Commission (SEC) for its iShares Ethereum Trust, a spot ether exchange-traded fund (ETF). This move follows last week's corporate registration of that name and Nasdaq's filing of a 19b-4 with the SEC seeking approval for the spot ETF. The price of ether (ETH) briefly jumped nearly 2% to $2,080 on the S-1 filing but has since returned to roughly its price prior to the news.
Crypto prices have been responding swiftly to ETF-related updates, particularly after court rulings against the SEC’s rejection of spot crypto ETF applications in the last few months improved market hopes for approval. A spoof iShares ETF registration referencing XRP sent the token rallying 10% before BlackRock said it was fake. Along with several other asset managers, BlackRock currently is awaiting word from the SEC on listing a spot bitcoin ETF that could open up average investor access to the crypto dramatically. Company CEO Larry Fink has apparently done a complete u-turn on crypto, recently expressing support for the sector.
The issue began when GS Partners launched a series of metaverse property sales in September 2021.
Texas regulators have set their sights on a network of companies operating under the “GS” brand, headquartered in Germany. These companies, notably GS Partners, GS Smart Finance, and GS Wealth are embroiled in allegations of fraudulent activities. These allegations specifically concern investments in a proprietary metaverse and related digital assets.
The issue began when GS Partners launched a series of metaverse property sales in September 2021. Investors were offered XLT Vouchers, or BNB Chain tokens, representing ownership of a square inch in the G999 Tower, a virtual real estate project. Each voucher was priced at 9.63 Tether (USDT). However, the project failed to meet its ambitious $175 million fundraising goal, drastically declining the token’s value. On PancakeSwap, a decentralized exchange, the token’s value moved to less than 0.0000049 USDT.
This situation underscores the risks inherent in the digital asset market, especially in innovative but untested areas like tokenized real estate in metaverses. Initially attracted by the novel concept of digital real estate ownership, investors now face the reality of a volatile and uncertain market.
The case against GS Partners highlights the importance of regulatory compliance in the digital asset domain. serving as a warning about the necessity of adhering to securities laws, the case reminds investors of the need for due diligence and caution when exploring new opportunities in digital assets.
The unfolding events involving GS Partners and their real estate token initiative serve as a critical lesson for the digital asset industry. The regulatory scrutiny from the Texas State Securities Board and other authorities illustrates the complexities and challenges faced in this evolving market. This case emphasizes the importance of compliance and investor awareness in navigating the intricate landscape of digital investments.