As the cryptocurrency market recovers, investors are looking for coins with strong upside potential. This article carefully selects the 16 most worthwhile coins to buy in November 2024.
1. Ethereum (ETH): As the second largest cryptocurrency, Ethereum is not only the leader in decentralized finance (DeFi), but also supports thousands of crypto projects. Its successful transition to the Proof of Stake (PoS) consensus mechanism has laid a solid foundation for future scalability improvements.
Investment highlights:
Looking ahead to Ethereum's investment potential in the next five years, if you start with $1,000 and add $100 per month, its growth prospects are promising. For more details, please stay tuned. Based on Ethereum's outstanding performance in the past five years, we estimate its compound annual growth rate to reach 86.1%. As the cornerstone of thousands of crypto projects, the Ethereum blockchain supports popular DEXs such as Uniswap and dYdX to a wealth of liquidity staking services and digital assets such as NFTs. It can be said that without Ethereum, the current situation of the crypto world will be completely different. Investing in Ethereum is actually a firm belief in the long-term development of the crypto industry. It is worth noting that although Ethereum's increase in 2023 (85%) is slightly lower than that of Bitcoin, Solana, Cardano, Avalanche, etc. (the increase is over 150%), this just highlights that Ethereum, as the world's top altcoin, still has huge value-added potential in 2024. What's more exciting is that after the successful launch of the Bitcoin spot ETF, Ethereum is expected to become the next cryptocurrency spot ETF to debut in the US market. This expectation may attract an influx of institutional funds, further pushing up the value of Ethereum.
2. Solana（SUN）：
Solana has demonstrated its versatility and potential with its rapidly growing ecosystem, including DeFi applications, NFT markets, etc. In the fourth quarter of 2023, Solana achieved an amazing increase.
Investment highlights:
Solana has built a diverse ecosystem of decentralized applications, smart contracts, and DeFi protocols with its growing developer community. This ecosystem helped Solana to recover from the 2022 market trough, even when it was hit by the collapse of its main backer FTX. In the last quarter of 2023, Solana rebounded strongly, gaining as much as 400% and jumping above $99 for the first time since 2021, which marked the perfect end of its spectacular recovery. The value of SOL has subsequently climbed, surpassing XRP and BNB to become the fourth largest asset in the cryptocurrency market, behind Bitcoin, Ethereum, and Tether. Looking ahead, if the current momentum is maintained, Solana is expected to not only refresh its all-time high of $260, but also hit an all-time high in 2024. In fact, according to our SOL price prediction, the currency could be worth $343 by the end of December 2024, which is a staggering increase of about 250% compared to the current price.
3. NEAR Protocol (NEAR):
NEAR Protocol aims to achieve widespread adoption of web3 through a sharding mechanism and a PoS consensus algorithm. Its platform is built for scalability and provides an accessible and developer-friendly environment.
Investment highlights:
According to the latest release by Messari (2024 Q1 NEAR Ecological Report), the NEAR protocol has recently achieved a significant leap. In the first quarter of 2024, NEAR's active user addresses surged to 1.2 million, achieving a significant growth of 377% compared to half a year ago. At the same time, the transaction volume facilitated by the agreement also experienced a rapid increase of 538%. As of the writing of this article, the NEAR token has increased by 104% during the year, which is an eye-catching performance. Since the beginning of 2024, NEAR has also made a significant jump in its ranking on the cryptocurrency market capitalization list, climbing from 26th to 17th place.
4. Bittensor（TAO）：
Bittensor is a decentralized platform that provides a peer-to-peer market for machine intelligence. It sits at the intersection of AI and DeFi, the intersection of two of the biggest trends in crypto right now.
Investment highlights:
As the star cryptocurrency in the 2024 bull market, Bittensor has attracted widespread attention in the crypto and blockchain fields due to its unique positioning at the intersection of artificial intelligence (AI) and decentralized information networks (dePIN). As of the time of editing this article, TAO tokens have risen by +152% this year, successfully ranking among the top 30 cryptocurrencies by market value and becoming the leading token in the AI crypto field. In addition, the recent launch of TAO tokens on the Binance crypto exchange has undoubtedly brought significant benefits to it, allowing tens of millions of crypto investors to easily buy and sell TAO, further promoting the expansion of its market influence.
5. Optimism（OP）：
Optimism is a layer 2 solution for Ethereum that is dedicated to unleashing the power of high-throughput use cases such as DeFi, blockchain gaming, etc. Its Bedrock upgrade reduces fees and shortens transaction confirmation times.
Investment highlights:
Before Ethereum embarks on a series of scalability-focused upgrades that may take several years, second-layer (L2) solutions such as Optimism are continuing to unlock the potential of high-throughput application scenarios such as DeFi and blockchain games. . In June, the Optimism mainnet ushered in a major Bedrock upgrade, which not only significantly reduced fees, but also shortened transaction confirmation time by 90%, significantly improving the availability of the chain. With its innovative governance structure and cumulative gas cost savings of over $1 billion since its launch, Optimism is expected to become one of the most attractive altcoin investment options in 2024.
6. BNB (BNB):
BNB is the native asset of the BNB chain and Binance exchange. The BNB chain ranks among the top in terms of both deployed decentralized applications (dApps) and TVL.
Investment highlights:
The thriving progress of the community and blockchain has produced impressive user data in the past few months. BNB sidechain, zkBNB, Binance Oracle, and AvengerDAO security initiatives are just some of the highlights that have driven the development of the BNB ecosystem network in 2022. Entering 2023, the BNB Chain team launched the opBNB second-layer solution based on Optimism, aiming to further reduce costs and transaction delays. Looking ahead, BNB's strong growth potential is gradually emerging in the market. At the same time, the BNB Chain team has revealed that as part of its 2024 strategic blueprint, it is preparing to migrate the Beacon chain to BSC. If the migration goes smoothly, it is expected to improve network performance, strengthen security lines, and keep the BNB Chain architecture in sync with current technical needs and future expansion trends.
7. Being(BEING):
Kaspa uses a unique blockDAG architecture to achieve extremely fast block addition speed and low-cost transaction processing. Its network is decentralized and permissionless, and anyone can become a miner.
Investment highlights:
In 2024, Kaspa has performed well and has become one of the leading cryptocurrencies in terms of mining revenue, with its exchange rate against the US dollar climbing 49.5% since the beginning of the year. Recently, Kaspa has gained momentum again, as Marathon Digital, a US crypto mining giant, announced that it would enter the Kaspa mining business. Marathon has purchased 60 petahash computing power Kaspa mining equipment (including Bitmain's KS3, KS5 and KS5 Pro models), although only half of the equipment is currently in operation. It is estimated that once all equipment is deployed, Marathon will control 16% of Kaspa's global hash power. Marathon pointed out that Kaspa's "fair release principle, technical advantages and solid market position" were key factors in choosing to mine in addition to Bitcoin. In addition, the company emphasized that the diversification of digital asset portfolios is also an important consideration for launching Kaspa mining operations. Users who are interested in getting involved in Kaspa are recommended to explore the top Kaspa wallet options.
8. Cosmos（ATOM）：
Cosmos aims to build a scalable and interactive blockchain ecosystem, solving the problems of low scalability and difficulty in building blockchains by providing a new vision for underlying technologies.
Investment highlights:
The security and operation of the Cosmos network rely on the support of ATOM token holders, who earn rewards by providing services to the Cosmos Hub and staking assets. Whether ATOM can stand out as a worthwhile altcoin to invest in in 2024 depends largely on the expansion of the Cosmos network user base. One of the major optimistic factors is that as of 2023, there are a large number of active developers in the Cosmos ecosystem, second only to Polkadot and Cardano, ranking at the top of the development activity list.
9. Stacks（STX）：
Stacks is a layer 2 platform secured by Bitcoin that provides smart contract capabilities. Its goal is to introduce features such as DeFi and NFT into the Bitcoin ecosystem.
Investment highlights:
This year, the Stacks community is eagerly awaiting the arrival of the Nakamoto version, which will unlock sBTC, an asset that is pegged one-to-one with BTC in a trustless manner. In addition, this version will also introduce a transaction mechanism with finality guarantees provided by Bitcoin, which will undoubtedly greatly enhance the competitiveness of Stacks as a smart contract platform and is expected to be among the top in the market. The mainnet launch of the Nakamoto version has been scheduled at Bitcoin block height #840,360, and the mainnet upgrade is expected to be officially completed at the end of August 2024.
10. Render Network（RNDR）：
Render Network uses deep learning models to generate images, benefiting greatly from the enthusiasm for generative artificial intelligence. It has established partnerships with OTOY, Stability AI, and others.
Investment highlights:
RNDR has shown strong momentum recently, with its exchange rate against the US dollar soaring 451% last year. The driving force behind this is Render Network's ability to efficiently generate images using deep learning models, a feature that has allowed it to reap huge dividends from the craze for generative AI. Not only that, Render Network has also joined hands with OTOY, Stability AI and Endeavor to jointly promote the construction of intellectual property, workflows and infrastructure for AI technology. Under the cooperation framework, OTOY and Stability AI will work together to optimize the AI model developed by Stability AI for the operating environment of Render Network.
11. Arweave（AR）：
Arweave is building a censorship-resistant network for storing data, challenging the traditional cloud computing paradigm. It promises to permanently record network content and provide fast retrieval and fully decentralized services.
Investment highlights:
AR, as the native token of the Arweave platform, has multiple functions. It is not only used to pay mining fees, but also serves as the main payment medium for distributed data storage services. In 2022, Arweave joined forces with Meta to provide storage services for Instagram digital collections. This collaboration has attracted much attention. Although subsequent development has been slightly flat, Arweave's recent activity has increased significantly, with the number of active addresses and daily transaction volume hitting two-year highs, demonstrating its network potential. If user activity continues to rise, the value appreciation of AR tokens is just around the corner. TON blockchain, a platform that adopts a proof-of-stake consensus mechanism and integrates multiple expansion technologies, aims to promote large-scale applications. Its native asset, Toncoin, is used to incentivize validators and pay transaction fees. Although the TON blockchain is an open platform, anyone can become a verifier, but running verification requires a large amount of TON. Most Toncoin holders choose to entrust their tokens to validators to participate in the consensus. Toncoin's underlying technology originated from the "Open Network" project developed by the team behind Telegram, which was suspended due to Telegram's challenges to U.S. securities regulations. Since then, Toncoin has transitioned to community-driven development and is no longer directly supported by Telegram. Despite this, the Telegram app continues to explore integration with Toncoin.
12. Toncoin (TON):
The TON blockchain uses PoS consensus and leverages multiple scaling technologies to support mass adoption. Its native asset, Toncoin, is used to incentivize validators and pay transaction fees.
Investment highlights:
The development team of the Telegram messaging service is working with the TON Foundation to integrate Toncoin into the Telegram application. For example, users can now easily access the Toncoin wallet through the Telegram menu. The TON Foundation has set a goal to attract 30% of Telegram users to adopt Toncoin by 2028. If Toncoin can effectively utilize Telegram's large user base, it has the potential to become a standout cryptocurrency. However, it is worth noting that as of March 2024, Toncoin has a market value of US$10.8 billion, ranking among the 15th largest cryptocurrencies in the market, which may pose a certain constraint on its subsequent growth potential.
13. Shiba Inu（SHIB）：
Shiba Inu has attracted much attention as a "decentralized community building experiment", and its SHIB token price has risen by millions of percentage points. The Shiba Inu ecosystem has a series of innovative features.
Investment highlights:
Shiba Inu is considered one of the best low-priced altcoins to invest in right now for a number of reasons. First, it has a solid community behind it, which often bodes well for positive market performance. Additionally, the upcoming Shibarium second-layer solution in 2023 could be a real turning point, promising lower transaction fees and improved network efficiency. These factors combined have led to Shiba Inu taking the lead in our list of the best cryptocurrencies under 1 cent.
14. Helium (HNT):
The Helium project uses blockchain technology to incentivize users to support a decentralized wireless network designed for IoT devices and has expanded to 5G networks that provide cellular connectivity.
Investment highlights:
Recently, Helium's fundamentals have made exciting progress. The Helium Mobile platform has launched a striking new feature - Carrier Offload, which enables non-Helium Mobile operators to use the decentralized Helium network to transmit data. According to the Helium project, two major US operators are testing this feature. As of August 2024, more than 185,000 users of a certain operator have accessed the Helium network through hotspots. At the same time, the number of registered users of Helium Mobile has exceeded 110,000, and there are more than 16,000 hotspots to provide extensive coverage for the decentralized network.
15. Ondo Finance（ONDO）：
Ondo Finance is a platform for tokenizing real-world assets (RWA) and investing them on the blockchain. Its ONDO token serves as a governance token, allowing holders to vote on various protocol issues.
Investment highlights:
Ondo Finance is leading the development of the RWA sector, which may become one of the biggest growth engines for cryptocurrencies and blockchain. The Ondo Finance platform enables financial instruments, such as exchange-traded funds (ETFs) and money market funds, to be efficiently traded in the form of blockchain tokens, with assets safely managed by the issuer. Its star products are USDY (US Dollar Earnings) and OUSG (Ondo U.S. Treasury Bond) tokens, which are designed to provide returns that fluctuate with the returns of short-term U.S. Treasury bonds and other securities.
16. On（ON）：
Sui is a highly scalable smart contract platform that uses the Move programming language to build smart contracts. Its protocol allows parallel execution and consensus on different objects to improve efficiency.
Investment highlights:
Sui is known as one of the top performing blockchains today. If blockchain technology becomes popular, its status may become more prominent. The Sui team pays special attention to the gaming field and has launched the SuiPlay0x1 mobile gaming terminal, which natively supports Sui platform games and popular platform games such as Steam and Epic Games. Currently, the reservation for SuiPlay0x1 has been launched, and the first batch of products is expected to be delivered in 2025. In the DeFi field, Sui has also performed well. According to DeFi Llama data, as of October 7, 2024, Sui ranks seventh in the DeFi ecosystem in terms of TVL (total locked value), with nearly $1.1 billion in crypto assets managed by the protocol. In addition, Grayscale, a well-known crypto asset management company, has launched the Grayscale Sui Trust investment product to provide qualified investors with SUI investment channels, while Grayscale is responsible for the management and secure storage of SUI.
