Connect with us

Opinion

Top 13 Breakout Altcoins to Keep an Eye on

mm

Updated

 on

Opinion pieces are based on the author's personal opinion, and they do not constitute investment advice, financial advice, or trading advice. Securities.io does not recommend that any cryptocurrency should be bought, sold, or held by you. Conduct your own due diligence and consult a financial advisor before making any investment decisions.

List of Top Altcoins to Invest in November 2021

Digital currencies reached their peak around November 11th, 2021. After that, the bull run simply ended, and the bearish influence returned with extreme strength. In fact, it has been pushing the prices down, with very few breaks, ever since. The best that some coins got were periods of fragile stability, which also eventually ended. These days, Bitcoin is still struggling to breach the resistance at $30, but there are numerous altcoins that are seeing recovery.

A lot of investors believe that a new series of bull runs is about to start with the approaching summer, which is why we created our list of top 13 breakout altcoins to keep an eye on, as these coins and tokens have great potential to skyrocket in days, weeks, or months to come.

1. Solana

Out first coin is Solana (SOL), the native cryptocurrency of the Solana ecosystem. Solana may be fairly young, but it is well-known in the crypto industry for being its most scalable blockchain, and one of the most popular Ethereum alternatives. The project has emerged to solve the scalability problem that has led to high fees and long waiting times for transactions to be processed.

It solved all of the problems by developing a system that is capable of processing hundreds of thousands of transactions per second, and it only starts struggling at 400,000 TPS. Ethereum, on the other hand, has a limit of 15. As such, Solana became a go-to platform for new projects, dApps, DeFi protocols, and more.

To learn more visit our Investing in Solana guide.

2. Fantom

The next project on our list is Fantom — a Directed Acyclic Graph (DAG) smart contract platform that offers DeFi services to developers who wish to use its bespoke consensus algorithm. Fantom uses its native FTM token to solve issues in the smart contract sector, particularly things like slow transaction speeds.

By improving smart contract usage, Fantom is directly offering better conditions for the development and use of more complex dApps and various digital assets, and so, just like Solana, it provides a rather efficient Ethereum alternative. Its focus is on scalability, security, and decentralization, as historically, blockchains could not achieve all three, and at least one of these three aspects would have to be satisfied. Fantom decided to prove that all three can be achieved within a single platform.

To learn more visit our Investing in Fantom guide.

3. Mirror Protocol

In the third spot, we have Mirror Protocol, which is a synthetic asset protocol developed on the Terra blockchain. The project is fully decentralized, and it has been since the day it was founded. Its entire on-chain treasury and code changes are governed by the community, which uses its MIR token as a governance token.

There are no admin keys, and no special access privileged for anyone. Everyone is equal with the same right to buy MIR and vote on the project’s development. The project is also globally accessible, it offers fractional orders, and its order execution is nearly instant, all of which are greatly appreciated qualities.

To learn more visit our Investing in Mirror Protocol guide.

4. Reef

Up next, we have Reef, which stands for Reliable Extensible Efficient Fast, and it refers to its Layer-1 blockchain built for DeFi, GameFi, and NFTs. The project was built using the Substrate framework, and it is highly scalable, with almost zero-fee transactions, and it is compatible with Ethereum’s programming language, Solidity, as well as EVM. As such, it allows dApp developers to seamlessly migrate their products from Ethereum to Reef Network, and enjoy much faster service.

The project represents yet another Ethereum alternative whose popularity is growing rapidly, especially since it allows for easy migration of existing products from Ethereum to Reef.

To learn more visit our Investing in Reef guide.

5. BNB

In the fifth spot, we have BNB — Binance exchange’s and BSC’s native coin. Binance has been the world’s largest exchange by trading volume for years, always jumping on each new trend, and always seeking to expand and improve its technology. While this was criticized in some situations, and it even led the exchange into conflict with the regulators all over the world when it offered tokenized stocks without a license, it also led a lot of people to it and its rich ecosystem.

BNB has use cases on two blockchains run by Binance, and it brings all kinds of features, including discounts and access to tokens launching on Binance Launchpad.

To learn more visit our Investing in Binance Coin guide.

6. NKN

Moving on, we have New Kind of Network, or NKN (NKN), which is an open-source protocol for public blockchain-based P2P networks that can use it to share bandwidth and internet connectivity. The project has launched in 2019, featuring over 25,000 full consensus nodes, which was more than what both Bitcoin and Ethereum had.

The token can now be used in a variety of use cases, including a CDN, edge computing, nShell, D-chat, and more.

To learn more visit our Investing in NKN guide.

7. Anchor Protocol

Halfway down the list, we have Anchor Protocol, which is leading lending and borrowing protocol that offers a 19.5% yield on stablecoin deposits. The project offers users to deposit UST and earn major rates on their investments. At the same time, it offers low volatility, which is also quite beneficial for users.

As a result, it can increase demand for UST and help stablecoin grow and expand its user base. The project is also very easy to use, offering a simple but elegant design.

To learn more visit our Investing in Anchor Protocol guide.

8. Shiba Inu

In the eighth spot, we have Shiba Inu, a very popular memecoin inspired by Dogecoin and its success. Shiba Inu attracted a great number of users since it emerged, especially in 2021, when it even managed to briefly outperform Dogecoin’s market cap, although not in price. Other than DOGE itself, this is the largest and most popular memecoin, which has great potential to grow.

Shiba Inu doesn’t have specific use cases, and it is meant to be a fun, interesting coin, which it is, and crypto users found that to be an attractive quality. It can still be used for investments and payments, of course, and when its price skyrockets again, it still holds potential to make decent profit.

To learn more visit our Investing in Shiba Inu guide.

9. Mines of Dalarnia

Moving on, we have Mines of Dalarnia, which is a popular metaverse game. The game was inspired by Minecraft, where users mine for resources and use them to build new items. In Mines of Dalarnia, there are two types of players — landowners who own digital LAND, and miners, who rent that land and mine for resources.

They can use the resources they find to build better equipment, which allows them to mine faster, find more minerals, relics, and other useful things that can help them advance in the game and profit.

To learn more visit our Investing in Mines of Darlarnia guide.

10. Polymath

In the tenth spot, we have Polymath, which is a project that offers technology to create, issue, and manage security tokens on the blockchain. The project led the creation of a unified standard for Ethereum-based security tokens, and since then, over 200 tokens have been deployed using its solution.

The project also recognized that existing chains were insufficient to meet the regulatory requirements of the capital market, which is why it built an institutional-grade blockchain built specifically for regulated assets, calling it Polymesh. It is a project that can help bridge crypto and traditional finance, which alone gives it a great value.

To learn more visit our Investing in Polymath guide.

11. Terra

Terra is a well-known, popular blockchain protocol that relies on fiat-pegged stablecoins to power price-stable global payments systems. It aims to combine the wide adoption of fiat currencies and their price stability with Bitcoin’s censorship-resistance, and create a hybrid system that would take the best from both worlds.

It uses its native token, LUNA, to stabilize the price of the used stablecoins, and it also gives its holders the right to participate in the project’s governance.

To learn more visit our Investing in Terra LUNA guide.

12. STEPN

Nearing the end of the list, we have STEPN, which is a WEb3 lifestyle app that aims to encourage physical activity — specifically, simple walking. The project allows users to purchase various sneakers coming in the form of NFTs. By owning them and simply walking around, users can generate profit based on their mileage. It is an interesting way to use non-fungible tokens and promote a healthier lifestyle, and help users earn along the way.

The project’s app was met with huge approval, and in only five months, it went from the inception stage to the open beta. It is available for Android and iOS alike.

To learn more visit our Investing in STEPN guide.

13. Baby Doge Coin

Finally, the last on our list is Baby Doge Coin. The project is about a year old, and it learned all it knows by watching Dogecoin. The coin was created by fans of the original DOGE community, and now, Baby Doge seeks to impress the community with new and improved transaction speeds.

This is a hyper-deflationary cryptocurrency with a static reflection that rewards holders, which ensures that more Baby Doge Coins are being added automatically to the users’ wallets with every transaction. The project is supposed to be treated like a small puppy, awaking emotion among users who are expected to love, pet, and hold it, as 5% from every transaction is redistributed to Baby Doge holders automatically.

To learn more visit our Investing in Baby Dogecoin guide.

Conclusion

With that, we conclude our list. As always, we cannot guarantee that these will be the altcoins to see the best performance, or even that the rally is truly coming — the crypto industry is still too volatile and unstable for such claims. However, if it does happen, these are some of the coins and tokens that have the highest potential to see major gains, which is why we recommend keeping an eye on them.

Ali is a freelance writer covering the cryptocurrency markets and the blockchain industry. He has 8 years of experience writing about cryptocurrencies, technology, and trading. His work can be found in various high-profile investment sites including CCN, Capital.com, Bitcoinist, and NewsBTC.

Advertiser Disclosure: Securities.io is committed to rigorous editorial standards to provide our readers with accurate reviews and ratings. We may receive compensation when you click on links to products we reviewed.

ESMA: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Investment advice disclaimer: The information contained on this website is provided for educational purposes, and does not constitute investment advice.

Trading Risk Disclaimer: There is a very high degree of risk involved in trading securities. Trading in any type of financial product including forex, CFDs, stocks, and cryptocurrencies.

This risk is higher with Cryptocurrencies due to markets being decentralized and non-regulated. You should be aware that you may lose a significant portion of your portfolio.

Securities.io is not a registered broker, analyst, or investment advisor.